Can I retire at age 53 with 870,000?

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 $870,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$71,844$71,204$70,579$69,970$69,375$68,736
2 years$35,566$34,904$34,262$33,639$33,036$32,392
3 years$23,475$22,810$22,170$21,553$20,959$20,331
4 years$17,431$16,768$16,134$15,528$14,948$14,340
5 years$13,805$13,146$12,521$11,927$11,363$10,777
6 years$11,389$10,735$10,118$9,538$8,992$8,427
7 years$9,664$9,015$8,408$7,842$7,313$6,771
8 years$8,371$7,728$7,131$6,578$6,066$5,548
9 years$7,365$6,728$6,142$5,603$5,109$4,613
10 years$6,561$5,931$5,355$4,830$4,353$3,879
11 years$5,904$5,280$4,714$4,204$3,744$3,292
12 years$5,357$4,739$4,184$3,687$3,244$2,814
13 years$4,894$4,282$3,738$3,255$2,829$2,420
14 years$4,498$3,893$3,359$2,890$2,480$2,091
15 years$4,154$3,556$3,032$2,577$2,183$1,814
16 years$3,854$3,263$2,749$2,307$1,930$1,580
17 years$3,590$3,005$2,502$2,073$1,711$1,380
18 years$3,355$2,776$2,284$1,868$1,521$1,208
19 years$3,145$2,573$2,091$1,688$1,356$1,060
20 years$2,957$2,391$1,919$1,529$1,211$932
21 years$2,786$2,227$1,765$1,388$1,084$821
22 years$2,632$2,079$1,627$1,262$972$724
23 years$2,491$1,945$1,502$1,149$872$639
24 years$2,362$1,822$1,389$1,048$784$565
25 years$2,243$1,710$1,286$957$705$500
26 years$2,134$1,607$1,193$875$635$443
27 years$2,033$1,512$1,108$801$573$392
28 years$1,939$1,425$1,030$734$517$348
29 years$1,852$1,344$958$673$467$309
30 years$1,771$1,270$893$618$422$274
31 years$1,695$1,200$832$567$381$243
32 years$1,624$1,136$777$521$345$216
33 years$1,558$1,075$725$479$312$192
34 years$1,496$1,019$677$441$283$171
35 years$1,437$967$633$406$256$152
36 years$1,382$918$593$374$232$135
37 years$1,330$872$555$345$210$120
38 years$1,280$828$519$318$191$107
39 years$1,234$788$487$293$173$95
40 years$1,189$749$456$270$157$85
41 years$1,147$713$428$249$142$75
42 years$1,108$679$401$230$129$67
43 years$1,070$647$376$212$117$60
44 years$1,034$617$353$196$106$53
45 years$999$588$332$181$97$47
46 years$967$561$312$167$88$42
47 years$935$536$293$154$80$38
48 years$905$511$275$143$72$34
49 years$877$488$259$132$66$30
50 years$849$466$243$122$60$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $870,000, adding $4,795 every year, while hoping to spend $36,990 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: 37/43/20 Blend
52$870,000$870,000$870,000$870,000
53$963,686$917,576$904,091$993,376
54$1,022,625$923,180$895,021$1,020,963
55$1,086,336$927,819$884,407$1,046,921
56$1,155,267$931,407$872,159$1,074,197
57$1,229,909$933,851$858,182$1,102,931
58$1,310,804$935,054$842,376$1,133,280
59$1,398,548$934,913$824,637$1,165,418
60$1,493,793$933,317$804,855$1,199,540
61$1,597,260$930,150$782,918$1,235,862
62$1,709,740$925,287$758,706$1,274,628
63$1,832,105$918,597$732,093$1,316,106
64$1,965,311$909,941$702,951$1,360,599
65$2,110,415$899,169$671,141$1,408,440
66$2,268,575$886,126$636,522$1,460,003
67$2,441,068$870,645$598,944$1,515,704
68$2,629,301$852,551$558,252$1,576,002
69$2,834,819$831,655$514,284$1,641,412
70$3,059,327$807,762$466,868$1,712,503
71$3,304,697$780,662$415,827$1,789,910
72$3,572,995$750,133$360,976$1,874,335
73$3,866,493$715,942$302,121$1,966,560
74$4,187,693$677,841$239,060$2,067,451
75$4,539,350$635,567$171,581$2,177,971
76$4,924,498$588,844$99,463$2,299,185
77$5,346,478$537,379$22,477$2,432,276
78$5,808,971$480,862$0$2,578,556
79$6,316,027$418,966$0$2,752,214
80$6,872,112$351,345$0$2,948,070
81$7,482,141$277,635$0$3,163,163
82$8,151,528$197,448$0$3,399,524
83$8,886,238$110,377$0$3,659,403
84$9,692,842$15,993$0$3,945,283
85$10,578,575$0$0$4,259,910
86$11,551,411$0$0$4,647,087
87$12,620,131$0$0$5,080,866
88$13,794,411$0$0$5,557,623
89$15,084,909$0$0$6,081,703
90$16,503,367$0$0$6,657,891
91$18,062,721$0$0$7,291,460
92$19,777,223$0$0$7,988,218
93$21,662,576$0$0$8,754,566
94$23,736,080$0$0$9,597,555
95$26,016,794$0$0$10,524,955
96$28,525,720$0$0$11,545,325
97$31,285,995$0$0$12,668,099
98$34,323,114$0$0$13,903,667
99$37,665,166$0$0$15,263,482
100$41,343,102$0$0$16,760,159