Can I retire at age 53 with 872,000?

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 $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%18.9%
1 years$72,009$71,368$70,742$70,131$69,535$67,041
2 years$35,648$34,984$34,341$33,717$33,112$30,626
3 years$23,529$22,862$22,221$21,603$21,007$18,608
4 years$17,471$16,806$16,171$15,564$14,983$12,688
5 years$13,837$13,176$12,549$11,954$11,390$9,206
6 years$11,415$10,760$10,142$9,560$9,012$6,941
7 years$9,686$9,036$8,428$7,860$7,329$5,370
8 years$8,390$7,745$7,147$6,593$6,080$4,231
9 years$7,382$6,744$6,156$5,616$5,121$3,379
10 years$6,576$5,944$5,367$4,841$4,363$2,727
11 years$5,918$5,292$4,725$4,213$3,752$2,217
12 years$5,369$4,750$4,193$3,696$3,252$1,814
13 years$4,905$4,292$3,746$3,263$2,836$1,492
14 years$4,508$3,902$3,366$2,896$2,486$1,232
15 years$4,164$3,564$3,039$2,583$2,189$1,020
16 years$3,863$3,270$2,756$2,313$1,934$847
17 years$3,598$3,012$2,507$2,078$1,715$705
18 years$3,363$2,783$2,289$1,873$1,525$588
19 years$3,153$2,579$2,095$1,692$1,359$491
20 years$2,964$2,397$1,923$1,533$1,214$410
21 years$2,793$2,232$1,769$1,391$1,086$343
22 years$2,638$2,084$1,630$1,265$974$287
23 years$2,496$1,949$1,505$1,152$874$241
24 years$2,367$1,826$1,392$1,050$786$202
25 years$2,248$1,714$1,289$959$707$169
26 years$2,139$1,611$1,196$877$637$142
27 years$2,037$1,516$1,110$803$574$119
28 years$1,943$1,428$1,032$736$518$100
29 years$1,856$1,347$961$675$468$84
30 years$1,775$1,272$895$619$423$71
31 years$1,699$1,203$834$569$382$59
32 years$1,628$1,138$778$523$346$50
33 years$1,562$1,078$727$481$313$42
34 years$1,499$1,022$679$442$283$35
35 years$1,440$969$635$407$257$30
36 years$1,385$920$594$375$232$25
37 years$1,333$874$556$345$211$21
38 years$1,283$830$521$318$191$18
39 years$1,236$789$488$294$173$15
40 years$1,192$751$457$271$157$12
41 years$1,150$715$429$250$143$10
42 years$1,110$681$402$231$129$9
43 years$1,072$649$377$213$117$7
44 years$1,036$618$354$196$107$6
45 years$1,002$590$333$181$97$5
46 years$969$563$312$168$88$4
47 years$937$537$293$155$80$4
48 years$907$512$276$143$72$3
49 years$879$489$259$132$66$3
50 years$851$467$244$122$60$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $872,000, adding $6,451 every year, while hoping to spend $37,246 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: 65/30/5 Blend
52$872,000$872,000$872,000$872,000
53$967,598$921,382$907,866$1,029,413
54$1,026,664$926,900$898,650$1,076,809
55$1,090,506$931,441$887,877$1,123,514
56$1,159,572$934,916$875,456$1,173,545
57$1,234,355$937,233$861,290$1,227,218
58$1,315,395$938,294$845,279$1,284,887
59$1,403,288$937,993$827,319$1,346,940
60$1,498,689$936,221$807,300$1,413,803
61$1,602,317$932,857$785,106$1,485,951
62$1,714,964$927,778$760,618$1,563,905
63$1,837,502$920,850$733,710$1,648,239
64$1,970,887$911,932$704,249$1,739,591
65$2,116,176$900,875$672,100$1,838,662
66$2,274,529$887,520$637,118$1,946,224
67$2,447,222$871,700$599,153$2,063,134
68$2,635,662$853,237$558,048$2,190,333
69$2,841,395$831,941$513,638$2,328,863
70$3,066,126$807,615$465,753$2,479,871
71$3,311,728$780,046$414,214$2,644,627
72$3,580,268$749,011$358,833$2,824,528
73$3,874,016$714,274$299,415$3,021,118
74$4,195,477$675,584$235,757$3,236,101
75$4,547,405$632,678$167,644$3,471,357
76$4,932,836$585,274$94,856$3,728,960
77$5,355,111$533,078$17,159$4,011,199
78$5,817,911$475,777$0$4,320,599
79$6,325,288$413,041$0$4,663,455
80$6,881,707$344,520$0$5,040,539
81$7,492,085$269,845$0$5,454,339
82$8,161,838$188,627$0$5,908,613
83$8,896,930$100,455$0$6,407,504
84$9,703,933$4,894$0$6,955,583
85$10,590,086$0$0$7,557,889
86$11,563,361$0$0$8,252,504
87$12,632,542$0$0$9,017,403
88$13,807,306$0$0$9,857,901
89$15,098,312$0$0$10,781,632
90$16,517,305$0$0$11,797,008
91$18,077,223$0$0$12,913,296
92$19,792,320$0$0$14,140,704
93$21,678,300$0$0$15,490,480
94$23,752,465$0$0$16,975,018
95$26,033,879$0$0$18,607,970
96$28,543,546$0$0$20,404,381
97$31,304,606$0$0$22,380,826
98$34,342,557$0$0$24,555,566
99$37,685,492$0$0$26,948,725
100$41,364,367$0$0$29,582,473