Can I retire at age 53 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$71,679$71,040$70,417$69,809$69,216$67,985
2 years$35,484$34,824$34,183$33,562$32,960$31,724
3 years$23,421$22,758$22,119$21,504$20,911$19,709
4 years$17,391$16,729$16,097$15,492$14,914$13,755
5 years$13,774$13,116$12,492$11,899$11,337$10,224
6 years$11,363$10,710$10,095$9,516$8,971$7,905
7 years$9,642$8,994$8,389$7,824$7,296$6,277
8 years$8,351$7,710$7,115$6,563$6,052$5,081
9 years$7,348$6,713$6,128$5,590$5,097$4,173
10 years$6,546$5,917$5,342$4,819$4,343$3,465
11 years$5,890$5,268$4,703$4,194$3,735$2,902
12 years$5,344$4,728$4,174$3,679$3,237$2,447
13 years$4,883$4,273$3,729$3,248$2,823$2,076
14 years$4,487$3,884$3,351$2,883$2,474$1,769
15 years$4,145$3,548$3,025$2,571$2,178$1,513
16 years$3,846$3,255$2,743$2,302$1,925$1,299
17 years$3,582$2,998$2,496$2,068$1,707$1,117
18 years$3,348$2,770$2,278$1,864$1,518$964
19 years$3,138$2,567$2,086$1,684$1,353$833
20 years$2,950$2,386$1,914$1,525$1,208$721
21 years$2,780$2,222$1,761$1,384$1,081$625
22 years$2,626$2,074$1,623$1,259$969$542
23 years$2,485$1,940$1,498$1,146$870$471
24 years$2,356$1,818$1,386$1,046$782$410
25 years$2,238$1,706$1,283$955$704$357
26 years$2,129$1,603$1,190$873$634$311
27 years$2,028$1,509$1,105$799$572$271
28 years$1,935$1,422$1,028$732$516$236
29 years$1,848$1,341$956$671$466$206
30 years$1,767$1,267$891$616$421$180
31 years$1,691$1,197$830$566$380$157
32 years$1,621$1,133$775$520$344$137
33 years$1,554$1,073$723$478$311$120
34 years$1,492$1,017$676$440$282$104
35 years$1,434$965$632$405$255$91
36 years$1,379$915$591$373$231$80
37 years$1,327$870$553$344$210$70
38 years$1,277$826$518$317$190$61
39 years$1,231$786$485$292$172$53
40 years$1,187$748$455$269$156$47
41 years$1,145$712$427$249$142$41
42 years$1,105$678$400$229$129$36
43 years$1,067$646$376$212$117$31
44 years$1,031$616$353$196$106$27
45 years$997$587$331$181$96$24
46 years$964$560$311$167$87$21
47 years$933$534$292$154$79$18
48 years$903$510$274$142$72$16
49 years$875$487$258$132$65$14
50 years$847$465$243$122$59$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $868,000, adding $5,316 every year, while hoping to spend $49,918 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: 66/21/13 Blend
52$868,000$868,000$868,000$868,000
53$962,019$916,015$902,561$1,022,299
54$1,007,033$907,788$879,685$1,054,955
55$1,054,965$897,484$854,369$1,084,283
56$1,106,060$884,950$826,479$1,115,079
57$1,160,587$870,021$795,875$1,147,483
58$1,218,840$852,525$762,409$1,181,651
59$1,281,140$832,277$725,929$1,217,757
60$1,347,841$809,083$686,272$1,255,993
61$1,419,331$782,738$643,272$1,296,573
62$1,496,033$753,023$596,753$1,339,734
63$1,578,415$719,708$546,531$1,385,742
64$1,666,989$682,549$492,414$1,434,888
65$1,762,316$641,287$434,204$1,487,497
66$1,865,012$595,651$371,690$1,543,931
67$1,975,756$545,351$304,655$1,604,590
68$2,095,293$490,082$232,870$1,669,916
69$2,224,439$429,523$156,098$1,740,403
70$2,364,095$363,332$74,090$1,816,596
71$2,515,247$291,150$0$1,899,100
72$2,678,982$212,596$0$1,990,447
73$2,856,494$127,269$0$2,100,605
74$3,049,097$34,746$0$2,220,149
75$3,258,234$0$0$2,350,030
76$3,485,494$0$0$2,506,416
77$3,732,625$0$0$2,685,257
78$4,001,548$0$0$2,879,919
79$4,294,380$0$0$3,091,942
80$4,613,449$0$0$3,323,016
81$4,961,315$0$0$3,575,004
82$5,340,798$0$0$3,849,956
83$5,755,001$0$0$4,150,127
84$6,207,341$0$0$4,478,001
85$6,701,577$0$0$4,836,312
86$7,241,849$0$0$5,228,070
87$7,832,716$0$0$5,656,588
88$8,479,195$0$0$6,125,516
89$9,186,813$0$0$6,638,871
90$9,961,654$0$0$7,201,078
91$10,810,419$0$0$7,817,008
92$11,740,488$0$0$8,492,028
93$12,759,986$0$0$9,232,048
94$13,877,866$0$0$10,043,575
95$15,103,985$0$0$10,933,778
96$16,449,200$0$0$11,910,553
97$17,925,474$0$0$12,982,598
98$19,545,978$0$0$14,159,492
99$21,325,225$0$0$15,451,789
100$23,279,200$0$0$16,871,112