Can I retire at age 53 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$71,926$71,286$70,661$70,051$69,455$67,914
2 years$35,607$34,944$34,301$33,678$33,074$31,529
3 years$23,502$22,836$22,195$21,578$20,983$19,483
4 years$17,451$16,787$16,152$15,546$14,965$13,522
5 years$13,821$13,161$12,535$11,941$11,377$9,993
6 years$11,402$10,747$10,130$9,549$9,002$7,680
7 years$9,675$9,025$8,418$7,851$7,321$6,061
8 years$8,380$7,736$7,139$6,586$6,073$4,875
9 years$7,374$6,736$6,149$5,610$5,115$3,977
10 years$6,569$5,937$5,361$4,836$4,358$3,280
11 years$5,911$5,286$4,720$4,208$3,748$2,728
12 years$5,363$4,744$4,189$3,691$3,248$2,285
13 years$4,900$4,287$3,742$3,259$2,832$1,924
14 years$4,503$3,897$3,362$2,893$2,483$1,627
15 years$4,159$3,560$3,036$2,580$2,186$1,381
16 years$3,859$3,266$2,752$2,310$1,932$1,176
17 years$3,594$3,008$2,505$2,076$1,713$1,004
18 years$3,359$2,780$2,286$1,870$1,523$859
19 years$3,149$2,576$2,093$1,690$1,358$736
20 years$2,960$2,394$1,921$1,531$1,213$632
21 years$2,790$2,230$1,767$1,389$1,085$543
22 years$2,635$2,081$1,628$1,263$973$468
23 years$2,494$1,947$1,504$1,150$873$403
24 years$2,364$1,824$1,391$1,049$785$347
25 years$2,246$1,712$1,288$958$706$300
26 years$2,136$1,609$1,194$876$636$259
27 years$2,035$1,514$1,109$802$574$223
28 years$1,941$1,427$1,031$735$518$193
29 years$1,854$1,346$960$674$467$167
30 years$1,773$1,271$894$618$422$144
31 years$1,697$1,202$833$568$382$125
32 years$1,626$1,137$777$522$345$108
33 years$1,560$1,077$726$480$313$93
34 years$1,497$1,020$678$442$283$81
35 years$1,439$968$634$407$256$70
36 years$1,383$919$593$374$232$61
37 years$1,331$873$555$345$210$52
38 years$1,282$829$520$318$191$45
39 years$1,235$788$487$293$173$39
40 years$1,191$750$457$270$157$34
41 years$1,149$714$428$249$142$30
42 years$1,109$680$402$230$129$26
43 years$1,071$648$377$213$117$22
44 years$1,035$618$354$196$106$19
45 years$1,000$589$332$181$97$17
46 years$968$562$312$167$88$14
47 years$936$536$293$155$80$12
48 years$906$512$275$143$72$11
49 years$878$489$259$132$66$9
50 years$850$467$243$122$60$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $871,000, adding $3,932 every year, while hoping to spend $53,257 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: 76/12/12 Blend
52$871,000$871,000$871,000$871,000
53$963,898$917,735$904,234$1,034,597
54$1,005,550$906,039$877,861$1,070,047
55$1,049,667$891,985$848,820$1,101,780
56$1,096,441$875,401$816,964$1,135,078
57$1,146,088$856,105$782,142$1,170,076
58$1,198,840$833,905$744,194$1,206,927
59$1,254,951$808,596$702,955$1,245,798
60$1,314,702$779,963$658,249$1,286,874
61$1,378,397$747,777$609,896$1,330,359
62$1,446,372$711,796$557,706$1,376,481
63$1,518,992$671,764$501,479$1,425,490
64$1,596,660$627,411$441,009$1,477,662
65$1,679,815$578,451$376,080$1,533,304
66$1,768,943$524,581$306,464$1,592,754
67$1,864,571$465,482$231,927$1,656,387
68$1,967,282$400,815$152,222$1,724,618
69$2,077,714$330,225$67,090$1,797,904
70$2,196,568$253,333$0$1,876,752
71$2,324,614$169,741$0$1,964,764
72$2,462,696$79,030$0$2,068,881
73$2,611,742$0$0$2,181,225
74$2,772,774$0$0$2,305,134
75$2,946,912$0$0$2,450,439
76$3,135,389$0$0$2,607,736
77$3,339,559$0$0$2,778,158
78$3,560,911$0$0$2,962,953
79$3,801,084$0$0$3,163,493
80$4,061,879$0$0$3,381,284
81$4,345,277$0$0$3,617,986
82$4,653,459$0$0$3,875,424
83$4,988,820$0$0$4,155,605
84$5,354,001$0$0$4,460,738
85$5,751,905$0$0$4,793,255
86$6,185,726$0$0$5,155,831
87$6,658,982$0$0$5,551,409
88$7,175,543$0$0$5,983,232
89$7,739,669$0$0$6,454,867
90$8,356,051$0$0$6,970,240
91$9,029,852$0$0$7,533,676
92$9,766,758$0$0$8,149,936
93$10,573,028$0$0$8,824,261
94$11,455,554$0$0$9,562,422
95$12,421,926$0$0$10,370,775
96$13,480,503$0$0$11,256,320
97$14,640,487$0$0$12,226,763
98$15,912,017$0$0$13,290,594
99$17,306,256$0$0$14,457,162
100$18,835,501$0$0$15,736,765