Can I retire at age 53 with 869,000?

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 $869,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$71,761$71,122$70,498$69,890$69,295$66,572
2 years$35,525$34,864$34,223$33,601$32,998$30,288
3 years$23,448$22,784$22,144$21,528$20,935$18,323
4 years$17,411$16,749$16,115$15,510$14,931$12,437
5 years$13,790$13,131$12,506$11,913$11,350$8,981
6 years$11,376$10,722$10,107$9,527$8,981$6,738
7 years$9,653$9,005$8,399$7,833$7,304$5,186
8 years$8,361$7,719$7,123$6,571$6,059$4,065
9 years$7,357$6,721$6,135$5,597$5,103$3,228
10 years$6,554$5,924$5,349$4,824$4,348$2,590
11 years$5,897$5,274$4,709$4,199$3,739$2,094
12 years$5,350$4,733$4,179$3,683$3,240$1,703
13 years$4,888$4,278$3,734$3,251$2,826$1,392
14 years$4,492$3,888$3,355$2,886$2,477$1,142
15 years$4,150$3,552$3,029$2,574$2,181$940
16 years$3,850$3,259$2,746$2,305$1,928$775
17 years$3,586$3,001$2,499$2,071$1,709$641
18 years$3,351$2,773$2,281$1,866$1,520$531
19 years$3,142$2,570$2,088$1,686$1,355$440
20 years$2,953$2,388$1,916$1,527$1,210$365
21 years$2,783$2,225$1,763$1,386$1,083$304
22 years$2,629$2,077$1,625$1,260$970$252
23 years$2,488$1,942$1,500$1,148$871$210
24 years$2,359$1,820$1,387$1,047$783$175
25 years$2,240$1,708$1,285$956$705$146
26 years$2,131$1,605$1,192$874$635$121
27 years$2,030$1,511$1,107$800$572$101
28 years$1,937$1,423$1,029$733$516$84
29 years$1,850$1,343$957$672$466$70
30 years$1,769$1,268$892$617$421$59
31 years$1,693$1,199$831$567$381$49
32 years$1,623$1,134$776$521$345$41
33 years$1,556$1,074$724$479$312$34
34 years$1,494$1,018$677$441$282$28
35 years$1,435$966$633$406$256$24
36 years$1,380$917$592$374$232$20
37 years$1,328$871$554$344$210$17
38 years$1,279$827$519$317$190$14
39 years$1,232$787$486$292$173$11
40 years$1,188$748$456$270$157$10
41 years$1,146$712$427$249$142$8
42 years$1,106$679$401$230$129$7
43 years$1,069$646$376$212$117$6
44 years$1,032$616$353$196$106$5
45 years$998$588$331$181$96$4
46 years$965$561$311$167$88$3
47 years$934$535$292$154$79$3
48 years$904$511$275$143$72$2
49 years$876$488$258$132$66$2
50 years$848$466$243$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $869,000, adding $2,939 every year, while hoping to spend $25,938 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: 66/27/7 Blend
52$869,000$869,000$869,000$869,000
53$960,670$914,613$901,143$1,022,702
54$1,031,060$931,831$903,734$1,081,501
55$1,107,761$949,023$905,541$1,142,360
56$1,191,389$966,162$906,513$1,208,183
57$1,282,622$983,215$906,593$1,279,450
58$1,382,206$1,000,149$905,720$1,356,693
59$1,490,964$1,016,929$903,835$1,440,492
60$1,609,800$1,033,517$900,871$1,531,492
61$1,739,710$1,049,870$896,761$1,630,399
62$1,881,791$1,065,944$891,433$1,737,994
63$2,037,250$1,081,691$884,812$1,855,136
64$2,207,417$1,097,061$876,821$1,982,772
65$2,393,755$1,111,999$867,376$2,121,946
66$2,597,877$1,126,446$856,392$2,273,806
67$2,821,558$1,140,340$843,779$2,439,621
68$3,066,754$1,153,613$829,442$2,620,787
69$3,335,617$1,166,194$813,283$2,818,842
70$3,630,521$1,178,008$795,198$3,035,484
71$3,954,076$1,188,973$775,080$3,272,581
72$4,309,161$1,199,002$752,814$3,532,193
73$4,698,946$1,208,004$728,284$3,816,592
74$5,126,922$1,215,879$701,365$4,128,280
75$5,596,935$1,222,524$671,927$4,470,016
76$6,113,221$1,227,827$639,836$4,844,841
77$6,680,449$1,231,670$604,950$5,256,104
78$7,303,760$1,233,927$567,121$5,707,500
79$7,988,819$1,234,465$526,195$6,203,100
80$8,741,866$1,233,141$482,010$6,747,392
81$9,569,777$1,229,806$434,398$7,345,320
82$10,480,127$1,224,298$383,183$8,002,337
83$11,481,260$1,216,449$328,180$8,724,451
84$12,582,372$1,206,079$269,197$9,518,285
85$13,793,594$1,192,996$206,035$10,391,138
86$15,126,086$1,176,999$138,483$11,351,057
87$16,592,147$1,157,872$66,322$12,406,909
88$18,205,327$1,135,389$0$13,568,469
89$19,980,556$1,109,308$0$14,847,310
90$21,934,284$1,079,376$0$16,259,845
91$24,084,638$1,045,322$0$17,814,223
92$26,451,589$1,006,861$0$19,524,889
93$29,057,144$963,690$0$21,407,764
94$31,925,552$915,490$0$23,480,393
95$35,083,531$861,922$0$25,762,114
96$38,560,524$802,629$0$28,274,240
97$42,388,972$737,232$0$31,040,258
98$46,604,623$665,332$0$34,086,056
99$51,246,868$586,507$0$37,440,164
100$56,359,111$500,309$0$41,134,024