Can I retire at age 53 with 868,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.6%
1 years$71,679$71,040$70,417$69,809$69,216$68,181
2 years$35,484$34,824$34,183$33,562$32,960$31,920
3 years$23,421$22,758$22,119$21,504$20,911$19,898
4 years$17,391$16,729$16,097$15,492$14,914$13,936
5 years$13,774$13,116$12,492$11,899$11,337$10,397
6 years$11,363$10,710$10,095$9,516$8,971$8,069
7 years$9,642$8,994$8,389$7,824$7,296$6,433
8 years$8,351$7,710$7,115$6,563$6,052$5,228
9 years$7,348$6,713$6,128$5,590$5,097$4,311
10 years$6,546$5,917$5,342$4,819$4,343$3,595
11 years$5,890$5,268$4,703$4,194$3,735$3,024
12 years$5,344$4,728$4,174$3,679$3,237$2,562
13 years$4,883$4,273$3,729$3,248$2,823$2,183
14 years$4,487$3,884$3,351$2,883$2,474$1,869
15 years$4,145$3,548$3,025$2,571$2,178$1,607
16 years$3,846$3,255$2,743$2,302$1,925$1,386
17 years$3,582$2,998$2,496$2,068$1,707$1,198
18 years$3,348$2,770$2,278$1,864$1,518$1,039
19 years$3,138$2,567$2,086$1,684$1,353$902
20 years$2,950$2,386$1,914$1,525$1,208$785
21 years$2,780$2,222$1,761$1,384$1,081$684
22 years$2,626$2,074$1,623$1,259$969$597
23 years$2,485$1,940$1,498$1,146$870$522
24 years$2,356$1,818$1,386$1,046$782$456
25 years$2,238$1,706$1,283$955$704$399
26 years$2,129$1,603$1,190$873$634$349
27 years$2,028$1,509$1,105$799$572$306
28 years$1,935$1,422$1,028$732$516$269
29 years$1,848$1,341$956$671$466$236
30 years$1,767$1,267$891$616$421$207
31 years$1,691$1,197$830$566$380$182
32 years$1,621$1,133$775$520$344$159
33 years$1,554$1,073$723$478$311$140
34 years$1,492$1,017$676$440$282$123
35 years$1,434$965$632$405$255$108
36 years$1,379$915$591$373$231$95
37 years$1,327$870$553$344$210$84
38 years$1,277$826$518$317$190$73
39 years$1,231$786$485$292$172$65
40 years$1,187$748$455$269$156$57
41 years$1,145$712$427$249$142$50
42 years$1,105$678$400$229$129$44
43 years$1,067$646$376$212$117$39
44 years$1,031$616$353$196$106$34
45 years$997$587$331$181$96$30
46 years$964$560$311$167$87$26
47 years$933$534$292$154$79$23
48 years$903$510$274$142$72$20
49 years$875$487$258$132$65$18
50 years$847$465$243$122$59$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $868,000, adding $4,770 every year, while hoping to spend $30,200 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: 49/25/26 Blend
52$868,000$868,000$868,000$868,000
53$961,456$915,452$901,998$1,001,271
54$1,027,392$928,177$900,083$1,042,326
55$1,099,041$940,513$897,091$1,083,518
56$1,176,955$952,409$892,954$1,127,673
57$1,261,739$963,811$887,603$1,175,083
58$1,354,059$974,662$880,961$1,226,073
59$1,454,651$984,897$872,950$1,281,004
60$1,564,321$994,453$863,490$1,340,271
61$1,683,958$1,003,258$852,493$1,404,313
62$1,814,540$1,011,236$839,870$1,473,615
63$1,957,145$1,018,308$825,528$1,548,711
64$2,112,957$1,024,389$809,366$1,630,194
65$2,283,282$1,029,387$791,283$1,718,715
66$2,469,557$1,033,207$771,171$1,814,998
67$2,673,362$1,035,745$748,916$1,919,839
68$2,896,442$1,036,892$724,401$2,034,118
69$3,140,712$1,036,534$697,502$2,158,808
70$3,408,287$1,034,546$668,090$2,294,983
71$3,701,492$1,030,798$636,031$2,443,828
72$4,022,889$1,025,152$601,183$2,606,653
73$4,375,299$1,017,460$563,398$2,784,903
74$4,761,830$1,007,567$522,523$2,980,173
75$5,185,906$995,306$478,396$3,194,227
76$5,651,296$980,504$430,850$3,429,008
77$6,162,154$962,974$379,709$3,686,663
78$6,723,053$942,519$324,789$3,969,562
79$7,339,033$918,931$265,898$4,280,320
80$8,015,645$891,990$202,836$4,621,822
81$8,759,005$861,461$135,395$4,997,254
82$9,575,849$827,099$63,357$5,410,130
83$10,473,599$788,640$0$5,864,329
84$11,460,432$745,809$0$6,367,879
85$12,545,354$698,312$0$6,940,752
86$13,738,292$645,841$0$7,570,631
87$15,050,179$588,068$0$8,263,332
88$16,493,062$524,648$0$9,025,271
89$18,080,213$455,214$0$9,863,517
90$19,826,256$379,382$0$10,785,866
91$21,747,305$296,742$0$11,800,910
92$23,861,112$206,864$0$12,918,122
93$26,187,238$109,293$0$14,147,945
94$28,747,236$3,548$0$15,501,891
95$31,564,854$0$0$16,992,648
96$34,666,259$0$0$18,664,708
97$38,080,285$0$0$20,506,500
98$41,838,699$0$0$22,534,202
99$45,976,511$0$0$24,766,715
100$50,532,292$0$0$27,224,866