Can I retire at age 53 with 867,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$71,596$70,958$70,336$69,729$69,136$68,159
2 years$35,444$34,783$34,144$33,523$32,922$31,940
3 years$23,394$22,731$22,093$21,479$20,887$19,930
4 years$17,371$16,710$16,078$15,474$14,897$13,972
5 years$13,758$13,101$12,477$11,886$11,324$10,435
6 years$11,350$10,698$10,084$9,505$8,961$8,107
7 years$9,631$8,984$8,379$7,815$7,287$6,471
8 years$8,342$7,701$7,106$6,556$6,046$5,265
9 years$7,340$6,705$6,121$5,584$5,091$4,347
10 years$6,539$5,910$5,336$4,813$4,338$3,629
11 years$5,884$5,261$4,698$4,189$3,731$3,057
12 years$5,338$4,722$4,169$3,674$3,233$2,593
13 years$4,877$4,268$3,725$3,244$2,819$2,212
14 years$4,482$3,879$3,347$2,880$2,471$1,897
15 years$4,140$3,544$3,022$2,568$2,176$1,632
16 years$3,841$3,251$2,740$2,299$1,923$1,410
17 years$3,578$2,994$2,493$2,066$1,705$1,221
18 years$3,344$2,767$2,276$1,862$1,516$1,060
19 years$3,135$2,564$2,083$1,682$1,351$922
20 years$2,947$2,383$1,912$1,524$1,207$803
21 years$2,777$2,220$1,759$1,383$1,080$701
22 years$2,623$2,072$1,621$1,257$968$613
23 years$2,482$1,938$1,497$1,145$869$536
24 years$2,353$1,816$1,384$1,044$781$470
25 years$2,235$1,704$1,282$954$703$412
26 years$2,126$1,601$1,189$872$633$361
27 years$2,026$1,507$1,104$798$571$317
28 years$1,932$1,420$1,026$731$515$278
29 years$1,846$1,340$955$671$465$245
30 years$1,765$1,265$890$616$420$215
31 years$1,689$1,196$829$565$380$189
32 years$1,619$1,132$774$520$344$166
33 years$1,553$1,072$723$478$311$146
34 years$1,491$1,016$675$440$282$129
35 years$1,432$963$631$405$255$113
36 years$1,377$914$590$373$231$100
37 years$1,325$868$553$343$209$88
38 years$1,276$825$518$316$190$77
39 years$1,229$785$485$292$172$68
40 years$1,185$747$454$269$156$60
41 years$1,144$711$426$248$142$53
42 years$1,104$677$400$229$129$47
43 years$1,066$645$375$212$117$41
44 years$1,030$615$352$195$106$36
45 years$996$586$331$180$96$32
46 years$963$559$311$167$87$28
47 years$932$534$292$154$79$25
48 years$902$510$274$142$72$22
49 years$874$487$258$131$65$19
50 years$846$465$242$122$59$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $867,000, adding $5,692 every year, while hoping to spend $53,548 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 68/12/20 Blend
52$867,000$867,000$867,000$867,000
53$961,305$915,354$901,916$1,021,533
54$1,002,384$903,232$875,155$1,050,408
55$1,045,858$888,721$845,704$1,075,219
56$1,091,914$871,648$813,414$1,101,060
57$1,140,760$851,828$778,133$1,128,032
58$1,192,617$829,068$739,701$1,156,244
59$1,247,733$803,161$697,949$1,185,821
60$1,306,374$773,888$652,703$1,216,899
61$1,368,835$741,020$603,780$1,249,632
62$1,435,437$704,311$550,988$1,284,190
63$1,506,533$663,503$494,127$1,320,765
64$1,582,508$618,323$432,988$1,359,567
65$1,663,784$568,482$367,354$1,400,833
66$1,750,827$513,674$296,998$1,444,824
67$1,844,144$453,577$221,680$1,491,832
68$1,944,294$387,850$141,153$1,542,182
69$2,051,889$316,131$55,158$1,596,233
70$2,167,600$238,040$0$1,654,385
71$2,292,166$153,174$0$1,724,896
72$2,426,397$61,110$0$1,813,515
73$2,571,183$0$0$1,909,069
74$2,727,502$0$0$2,017,328
75$2,896,429$0$0$2,143,078
76$3,079,143$0$0$2,279,134
77$3,276,944$0$0$2,426,469
78$3,491,258$0$0$2,586,149
79$3,723,654$0$0$2,759,350
80$3,975,858$0$0$2,947,365
81$4,249,767$0$0$3,151,614
82$4,547,468$0$0$3,373,660
83$4,871,257$0$0$3,615,223
84$5,223,662$0$0$3,878,195
85$5,607,461$0$0$4,164,658
86$6,025,714$0$0$4,476,904
87$6,481,787$0$0$4,817,453
88$6,979,385$0$0$5,189,081
89$7,522,586$0$0$5,594,843
90$8,115,880$0$0$6,038,102
91$8,764,208$0$0$6,522,559
92$9,473,012$0$0$7,052,291
93$10,248,282$0$0$7,631,786
94$11,096,614$0$0$8,265,984
95$12,025,270$0$0$8,960,326
96$13,042,248$0$0$9,720,805
97$14,156,356$0$0$10,554,018
98$15,377,292$0$0$11,467,232
99$16,715,739$0$0$12,468,450
100$18,183,462$0$0$13,566,487