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 $3,975 every year, while hoping to spend $22,372 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: 66/6/28 Blend
52$868,000$868,000$868,000$868,000
53$960,636$914,632$901,178$1,016,713
54$1,034,817$935,646$907,564$1,076,060
55$1,115,815$956,939$913,414$1,138,064
56$1,204,302$978,502$918,686$1,205,366
57$1,301,016$1,000,324$923,338$1,278,491
58$1,406,772$1,022,392$927,322$1,358,017
59$1,522,466$1,044,693$930,591$1,444,581
60$1,649,086$1,067,211$933,094$1,538,885
61$1,787,717$1,089,929$934,777$1,641,704
62$1,939,557$1,112,828$935,585$1,753,889
63$2,105,924$1,135,889$935,460$1,876,383
64$2,288,270$1,159,089$934,338$2,010,221
65$2,488,192$1,182,403$932,157$2,156,546
66$2,707,451$1,205,804$928,848$2,316,617
67$2,947,987$1,229,265$924,341$2,491,823
68$3,211,936$1,252,752$918,560$2,683,692
69$3,501,649$1,276,233$911,428$2,893,913
70$3,819,720$1,299,671$902,863$3,124,344
71$4,169,002$1,323,026$892,780$3,377,034
72$4,552,640$1,346,255$881,088$3,654,242
73$4,974,100$1,369,311$867,695$3,958,458
74$5,437,196$1,392,146$852,501$4,292,425
75$5,946,134$1,414,705$835,404$4,659,169
76$6,505,546$1,436,931$816,296$5,062,024
77$7,120,534$1,458,763$795,064$5,504,666
78$7,796,721$1,480,135$771,591$5,991,144
79$8,540,300$1,500,975$745,753$6,525,925
80$9,358,097$1,521,209$717,421$7,113,929
81$10,257,629$1,540,755$686,461$7,760,582
82$11,247,181$1,559,526$652,732$8,471,861
83$12,335,881$1,577,429$616,086$9,254,359
84$13,533,785$1,594,368$576,368$10,115,338
85$14,851,973$1,610,234$533,420$11,062,805
86$16,302,656$1,624,918$487,071$12,105,583
87$17,899,286$1,638,297$437,147$13,253,400
88$19,656,686$1,650,246$383,463$14,516,975
89$21,591,187$1,660,628$325,829$15,908,124
90$23,720,788$1,669,299$264,044$17,439,868
91$26,065,319$1,676,104$197,900$19,126,562
92$28,646,629$1,680,881$127,177$20,984,023
93$31,488,796$1,683,455$51,648$23,029,688
94$34,618,350$1,683,642$0$25,282,772
95$38,064,527$1,681,245$0$27,773,104
96$41,859,540$1,676,057$0$30,532,405
97$46,038,885$1,667,856$0$33,571,032
98$50,641,679$1,656,408$0$36,917,418
99$55,711,022$1,641,465$0$40,602,897
100$61,294,411$1,622,761$0$44,661,995