Can I retire at age 53 with 873,000?

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 $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$72,092$71,449$70,823$70,211$69,614$68,433
2 years$35,689$35,024$34,380$33,755$33,150$31,963
3 years$23,556$22,889$22,246$21,627$21,031$19,877
4 years$17,491$16,826$16,190$15,581$15,000$13,886
5 years$13,853$13,191$12,564$11,968$11,403$10,332
6 years$11,428$10,772$10,153$9,571$9,023$7,997
7 years$9,697$9,046$8,437$7,869$7,338$6,358
8 years$8,399$7,754$7,156$6,601$6,087$5,153
9 years$7,390$6,751$6,163$5,623$5,126$4,236
10 years$6,584$5,951$5,373$4,847$4,368$3,522
11 years$5,924$5,298$4,730$4,218$3,757$2,953
12 years$5,375$4,755$4,198$3,700$3,255$2,494
13 years$4,911$4,297$3,751$3,266$2,839$2,118
14 years$4,513$3,906$3,370$2,900$2,488$1,807
15 years$4,169$3,568$3,043$2,586$2,191$1,548
16 years$3,868$3,274$2,759$2,315$1,936$1,330
17 years$3,602$3,015$2,510$2,080$1,717$1,147
18 years$3,367$2,786$2,292$1,875$1,527$990
19 years$3,156$2,582$2,098$1,694$1,361$857
20 years$2,967$2,399$1,925$1,534$1,215$743
21 years$2,796$2,235$1,771$1,392$1,088$645
22 years$2,641$2,086$1,632$1,266$975$561
23 years$2,499$1,951$1,507$1,153$875$488
24 years$2,370$1,828$1,394$1,052$787$425
25 years$2,251$1,716$1,291$960$708$370
26 years$2,141$1,612$1,197$878$638$323
27 years$2,040$1,517$1,112$804$575$282
28 years$1,946$1,430$1,033$736$519$246
29 years$1,858$1,349$962$675$468$215
30 years$1,777$1,274$896$620$423$188
31 years$1,701$1,204$835$569$383$164
32 years$1,630$1,140$779$523$346$144
33 years$1,563$1,079$728$481$313$126
34 years$1,501$1,023$680$443$284$110
35 years$1,442$970$636$407$257$96
36 years$1,387$921$595$375$233$84
37 years$1,334$875$556$346$211$74
38 years$1,285$831$521$319$191$65
39 years$1,238$790$488$294$173$57
40 years$1,194$752$458$271$157$50
41 years$1,151$716$429$250$143$43
42 years$1,111$682$403$231$129$38
43 years$1,073$649$378$213$118$33
44 years$1,037$619$355$197$107$29
45 years$1,003$590$333$182$97$26
46 years$970$563$313$168$88$22
47 years$938$537$294$155$80$20
48 years$908$513$276$143$73$17
49 years$880$490$259$132$66$15
50 years$852$468$244$122$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $873,000, adding $3,640 every year, while hoping to spend $21,583 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: 60/25/15 Blend
52$873,000$873,000$873,000$873,000
53$965,801$919,532$906,000$1,019,893
54$1,041,348$941,625$913,387$1,078,880
55$1,123,878$964,077$920,298$1,140,465
56$1,214,080$986,883$926,694$1,207,138
57$1,312,713$1,010,037$932,535$1,279,392
58$1,420,612$1,033,531$937,778$1,357,772
59$1,538,699$1,057,358$942,377$1,442,876
60$1,667,985$1,081,508$946,286$1,535,366
61$1,809,587$1,105,969$949,454$1,635,968
62$1,964,734$1,130,731$951,830$1,745,484
63$2,134,779$1,155,779$953,359$1,864,796
64$2,321,213$1,181,098$953,982$1,994,877
65$2,525,675$1,206,671$953,639$2,136,799
66$2,749,976$1,232,480$952,268$2,291,742
67$2,996,106$1,258,503$949,802$2,461,008
68$3,266,259$1,284,720$946,170$2,646,030
69$3,562,850$1,311,104$941,299$2,848,388
70$3,888,542$1,337,629$935,114$3,069,823
71$4,246,266$1,364,266$927,533$3,312,254
72$4,639,253$1,390,983$918,473$3,577,795
73$5,071,060$1,417,744$907,845$3,868,776
74$5,545,608$1,444,513$895,558$4,187,764
75$6,067,214$1,471,248$881,513$4,537,590
76$6,640,636$1,497,906$865,610$4,921,371
77$7,271,117$1,524,439$847,744$5,342,546
78$7,964,430$1,550,796$827,803$5,804,901
79$8,726,939$1,576,922$805,671$6,312,612
80$9,565,653$1,602,757$781,227$6,870,279
81$10,488,295$1,628,238$754,344$7,482,972
82$11,503,376$1,653,296$724,889$8,156,279
83$12,620,271$1,677,859$692,724$8,896,361
84$13,849,311$1,701,846$657,702$9,710,003
85$15,201,879$1,725,175$619,674$10,604,688
86$16,690,517$1,747,755$578,480$11,588,659
87$18,329,045$1,769,490$533,954$12,671,005
88$20,132,690$1,790,278$485,923$13,861,738
89$22,118,229$1,810,007$434,207$15,171,896
90$24,304,153$1,828,561$378,617$16,613,645
91$26,710,831$1,845,815$318,955$18,200,389
92$29,360,711$1,861,635$255,015$19,946,906
93$32,278,528$1,875,880$186,583$21,869,478
94$35,491,538$1,888,398$113,434$23,986,054
95$39,029,774$1,899,029$35,333$26,316,412
96$42,926,330$1,907,601$0$28,882,352
97$47,217,674$1,913,931$0$31,715,584
98$51,943,990$1,917,827$0$34,841,436
99$57,149,559$1,919,082$0$38,283,470
100$62,883,175$1,917,478$0$42,073,893