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%11.4%
1 years$71,596$70,958$70,336$69,729$69,136$68,729
2 years$35,444$34,783$34,144$33,523$32,922$32,511
3 years$23,394$22,731$22,093$21,479$20,887$20,486
4 years$17,371$16,710$16,078$15,474$14,897$14,508
5 years$13,758$13,101$12,477$11,886$11,324$10,948
6 years$11,350$10,698$10,084$9,505$8,961$8,598
7 years$9,631$8,984$8,379$7,815$7,287$6,939
8 years$8,342$7,701$7,106$6,556$6,046$5,711
9 years$7,340$6,705$6,121$5,584$5,091$4,771
10 years$6,539$5,910$5,336$4,813$4,338$4,032
11 years$5,884$5,261$4,698$4,189$3,731$3,438
12 years$5,338$4,722$4,169$3,674$3,233$2,954
13 years$4,877$4,268$3,725$3,244$2,819$2,553
14 years$4,482$3,879$3,347$2,880$2,471$2,218
15 years$4,140$3,544$3,022$2,568$2,176$1,935
16 years$3,841$3,251$2,740$2,299$1,923$1,694
17 years$3,578$2,994$2,493$2,066$1,705$1,488
18 years$3,344$2,767$2,276$1,862$1,516$1,310
19 years$3,135$2,564$2,083$1,682$1,351$1,156
20 years$2,947$2,383$1,912$1,524$1,207$1,022
21 years$2,777$2,220$1,759$1,383$1,080$906
22 years$2,623$2,072$1,621$1,257$968$803
23 years$2,482$1,938$1,497$1,145$869$714
24 years$2,353$1,816$1,384$1,044$781$635
25 years$2,235$1,704$1,282$954$703$565
26 years$2,126$1,601$1,189$872$633$504
27 years$2,026$1,507$1,104$798$571$449
28 years$1,932$1,420$1,026$731$515$401
29 years$1,846$1,340$955$671$465$358
30 years$1,765$1,265$890$616$420$320
31 years$1,689$1,196$829$565$380$286
32 years$1,619$1,132$774$520$344$256
33 years$1,553$1,072$723$478$311$229
34 years$1,491$1,016$675$440$282$205
35 years$1,432$963$631$405$255$183
36 years$1,377$914$590$373$231$164
37 years$1,325$868$553$343$209$147
38 years$1,276$825$518$316$190$132
39 years$1,229$785$485$292$172$118
40 years$1,185$747$454$269$156$106
41 years$1,144$711$426$248$142$95
42 years$1,104$677$400$229$129$85
43 years$1,066$645$375$212$117$76
44 years$1,030$615$352$195$106$68
45 years$996$586$331$180$96$61
46 years$963$559$311$167$87$55
47 years$932$534$292$154$79$49
48 years$902$510$274$142$72$44
49 years$874$487$258$131$65$40
50 years$846$465$242$122$59$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $867,000, adding $4,079 every year, while hoping to spend $36,780 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: 37/50/13 Blend
52$867,000$867,000$867,000$867,000
53$959,641$913,690$900,252$991,188
54$1,018,391$919,328$891,277$1,019,780
55$1,081,901$924,008$880,768$1,046,800
56$1,150,617$927,647$868,636$1,075,182
57$1,225,030$930,152$854,786$1,105,064
58$1,305,681$931,427$839,119$1,136,602
59$1,393,163$931,369$821,531$1,169,971
60$1,488,128$929,869$801,915$1,205,366
61$1,591,295$926,810$780,157$1,243,002
62$1,703,453$922,070$756,139$1,283,123
63$1,825,471$915,518$729,736$1,325,996
64$1,958,306$907,015$700,819$1,371,921
65$2,103,009$896,415$669,252$1,421,233
66$2,260,738$883,561$634,894$1,474,303
67$2,432,767$868,289$597,596$1,531,544
68$2,620,497$850,423$557,204$1,593,415
69$2,825,473$829,780$513,556$1,660,427
70$3,049,394$806,161$466,483$1,733,147
71$3,294,131$779,361$415,808$1,812,205
72$3,561,741$749,159$361,347$1,898,302
73$3,854,494$715,323$302,907$1,992,213
74$4,174,885$677,607$240,287$2,094,802
75$4,525,664$635,751$173,278$2,207,025
76$4,909,859$589,479$101,659$2,329,942
77$5,330,802$538,501$25,202$2,464,729
78$5,792,165$482,509$0$2,612,691
79$6,297,993$421,179$0$2,783,095
80$6,852,739$354,167$0$2,973,957
81$7,461,308$281,111$0$3,183,590
82$8,129,103$201,627$0$3,413,994
83$8,862,075$115,310$0$3,667,384
84$9,666,780$21,734$0$3,946,209
85$10,550,440$0$0$4,253,175
86$11,521,008$0$0$4,635,047
87$12,587,250$0$0$5,067,827
88$13,758,817$0$0$5,543,490
89$15,046,346$0$0$6,066,371
90$16,461,552$0$0$6,641,246
91$18,017,345$0$0$7,273,375
92$19,727,945$0$0$7,968,555
93$21,609,021$0$0$8,733,173
94$23,677,834$0$0$9,574,263
95$25,953,405$0$0$10,499,580
96$28,456,687$0$0$11,517,664
97$31,210,768$0$0$12,637,928
98$34,241,089$0$0$13,870,740
99$37,575,677$0$0$15,227,528
100$41,245,416$0$0$16,720,879