Can I retire at age 53 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$72,009$71,368$70,742$70,131$69,535$67,282
2 years$35,648$34,984$34,341$33,717$33,112$30,863
3 years$23,529$22,862$22,221$21,603$21,007$18,834
4 years$17,471$16,806$16,171$15,564$14,983$12,901
5 years$13,837$13,176$12,549$11,954$11,390$9,404
6 years$11,415$10,760$10,142$9,560$9,012$7,126
7 years$9,686$9,036$8,428$7,860$7,329$5,541
8 years$8,390$7,745$7,147$6,593$6,080$4,390
9 years$7,382$6,744$6,156$5,616$5,121$3,525
10 years$6,576$5,944$5,367$4,841$4,363$2,860
11 years$5,918$5,292$4,725$4,213$3,752$2,340
12 years$5,369$4,750$4,193$3,696$3,252$1,926
13 years$4,905$4,292$3,746$3,263$2,836$1,594
14 years$4,508$3,902$3,366$2,896$2,486$1,324
15 years$4,164$3,564$3,039$2,583$2,189$1,104
16 years$3,863$3,270$2,756$2,313$1,934$922
17 years$3,598$3,012$2,507$2,078$1,715$773
18 years$3,363$2,783$2,289$1,873$1,525$649
19 years$3,153$2,579$2,095$1,692$1,359$545
20 years$2,964$2,397$1,923$1,533$1,214$459
21 years$2,793$2,232$1,769$1,391$1,086$387
22 years$2,638$2,084$1,630$1,265$974$326
23 years$2,496$1,949$1,505$1,152$874$275
24 years$2,367$1,826$1,392$1,050$786$232
25 years$2,248$1,714$1,289$959$707$196
26 years$2,139$1,611$1,196$877$637$166
27 years$2,037$1,516$1,110$803$574$140
28 years$1,943$1,428$1,032$736$518$119
29 years$1,856$1,347$961$675$468$101
30 years$1,775$1,272$895$619$423$85
31 years$1,699$1,203$834$569$382$72
32 years$1,628$1,138$778$523$346$61
33 years$1,562$1,078$727$481$313$52
34 years$1,499$1,022$679$442$283$44
35 years$1,440$969$635$407$257$37
36 years$1,385$920$594$375$232$31
37 years$1,333$874$556$345$211$27
38 years$1,283$830$521$318$191$23
39 years$1,236$789$488$294$173$19
40 years$1,192$751$457$271$157$16
41 years$1,150$715$429$250$143$14
42 years$1,110$681$402$231$129$12
43 years$1,072$649$377$213$117$10
44 years$1,036$618$354$196$107$8
45 years$1,002$590$333$181$97$7
46 years$969$563$312$168$88$6
47 years$937$537$293$155$80$5
48 years$907$512$276$143$72$4
49 years$879$489$259$132$66$4
50 years$851$467$244$122$60$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $872,000, adding $6,307 every year, while hoping to spend $25,477 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: 87/8/5 Blend
52$872,000$872,000$872,000$872,000
53$967,450$921,234$907,718$1,051,135
54$1,039,022$939,267$911,019$1,124,609
55$1,117,041$957,330$913,577$1,201,138
56$1,202,137$975,397$915,340$1,284,414
57$1,295,005$993,441$916,253$1,375,097
58$1,396,408$1,011,432$916,260$1,473,914
59$1,507,187$1,029,338$915,300$1,581,667
60$1,628,269$1,047,124$913,311$1,699,237
61$1,760,672$1,064,753$910,227$1,827,594
62$1,905,520$1,082,185$905,979$1,967,809
63$2,064,048$1,099,377$900,494$2,121,058
64$2,237,617$1,116,282$893,697$2,288,640
65$2,427,725$1,132,852$885,507$2,471,982
66$2,636,024$1,149,032$875,842$2,672,657
67$2,864,330$1,164,766$864,615$2,892,401
68$3,114,645$1,179,993$851,733$3,133,121
69$3,389,175$1,194,649$837,102$3,396,922
70$3,690,347$1,208,663$820,621$3,686,120
71$4,020,835$1,221,960$802,185$4,003,268
72$4,383,587$1,234,463$781,685$4,351,179
73$4,781,848$1,246,086$759,006$4,732,952
74$5,219,192$1,256,740$734,028$5,151,999
75$5,699,557$1,266,328$706,625$5,612,083
76$6,227,281$1,274,748$676,667$6,117,346
77$6,807,144$1,281,891$644,016$6,672,356
78$7,444,411$1,287,641$608,528$7,282,142
79$8,144,881$1,291,876$570,054$7,952,247
80$8,914,945$1,294,464$528,437$8,688,780
81$9,761,643$1,295,267$483,514$9,498,470
82$10,692,732$1,294,136$435,112$10,388,732
83$11,716,757$1,290,915$383,055$11,367,737
84$12,843,133$1,285,437$327,154$12,444,489
85$14,082,235$1,277,525$267,216$13,628,909
86$15,445,492$1,266,993$203,037$14,931,928
87$16,945,498$1,253,641$134,404$16,365,593
88$18,596,127$1,237,258$61,096$17,943,179
89$20,412,670$1,217,622$0$19,679,313
90$22,411,972$1,194,495$0$21,591,028
91$24,612,596$1,167,627$0$23,698,710
92$27,034,992$1,136,753$0$26,018,682
93$29,701,698$1,101,591$0$28,572,528
94$32,637,546$1,061,844$0$31,384,029
95$35,869,899$1,017,196$0$34,479,394
96$39,428,906$967,316$0$37,887,500
97$43,347,790$911,851$0$41,640,171
98$47,663,160$850,427$0$45,772,472
99$52,415,356$782,651$0$50,323,047
100$57,648,828$708,107$0$55,334,478