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%14.2%
1 years$72,092$71,449$70,823$70,211$69,614$68,405
2 years$35,689$35,024$34,380$33,755$33,150$31,935
3 years$23,556$22,889$22,246$21,627$21,031$19,850
4 years$17,491$16,826$16,190$15,581$15,000$13,860
5 years$13,853$13,191$12,564$11,968$11,403$10,308
6 years$11,428$10,772$10,153$9,571$9,023$7,974
7 years$9,697$9,046$8,437$7,869$7,338$6,336
8 years$8,399$7,754$7,156$6,601$6,087$5,132
9 years$7,390$6,751$6,163$5,623$5,126$4,217
10 years$6,584$5,951$5,373$4,847$4,368$3,503
11 years$5,924$5,298$4,730$4,218$3,757$2,936
12 years$5,375$4,755$4,198$3,700$3,255$2,478
13 years$4,911$4,297$3,751$3,266$2,839$2,103
14 years$4,513$3,906$3,370$2,900$2,488$1,793
15 years$4,169$3,568$3,043$2,586$2,191$1,535
16 years$3,868$3,274$2,759$2,315$1,936$1,318
17 years$3,602$3,015$2,510$2,080$1,717$1,135
18 years$3,367$2,786$2,292$1,875$1,527$980
19 years$3,156$2,582$2,098$1,694$1,361$847
20 years$2,967$2,399$1,925$1,534$1,215$734
21 years$2,796$2,235$1,771$1,392$1,088$637
22 years$2,641$2,086$1,632$1,266$975$553
23 years$2,499$1,951$1,507$1,153$875$481
24 years$2,370$1,828$1,394$1,052$787$419
25 years$2,251$1,716$1,291$960$708$365
26 years$2,141$1,612$1,197$878$638$318
27 years$2,040$1,517$1,112$804$575$277
28 years$1,946$1,430$1,033$736$519$242
29 years$1,858$1,349$962$675$468$211
30 years$1,777$1,274$896$620$423$184
31 years$1,701$1,204$835$569$383$161
32 years$1,630$1,140$779$523$346$141
33 years$1,563$1,079$728$481$313$123
34 years$1,501$1,023$680$443$284$108
35 years$1,442$970$636$407$257$94
36 years$1,387$921$595$375$233$82
37 years$1,334$875$556$346$211$72
38 years$1,285$831$521$319$191$63
39 years$1,238$790$488$294$173$55
40 years$1,194$752$458$271$157$48
41 years$1,151$716$429$250$143$42
42 years$1,111$682$403$231$129$37
43 years$1,073$649$378$213$118$32
44 years$1,037$619$355$197$107$28
45 years$1,003$590$333$182$97$25
46 years$970$563$313$168$88$22
47 years$938$537$294$155$80$19
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 $4,164 every year, while hoping to spend $24,216 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: 23/49/28 Blend
52$873,000$873,000$873,000$873,000
53$966,341$920,072$906,541$979,946
54$1,039,142$939,390$911,144$1,011,369
55$1,118,558$958,843$915,090$1,042,684
56$1,205,236$978,412$918,331$1,075,698
57$1,299,892$998,076$920,817$1,110,565
58$1,403,312$1,017,813$922,496$1,147,460
59$1,516,363$1,037,598$923,312$1,186,572
60$1,639,996$1,057,405$923,208$1,228,113
61$1,775,263$1,077,205$922,122$1,272,316
62$1,923,318$1,096,967$919,992$1,319,441
63$2,085,435$1,116,657$916,750$1,369,773
64$2,263,015$1,136,238$912,327$1,423,628
65$2,457,602$1,155,673$906,649$1,481,357
66$2,670,894$1,174,918$899,639$1,543,347
67$2,904,765$1,193,929$891,216$1,610,025
68$3,161,276$1,212,656$881,297$1,681,865
69$3,442,699$1,231,049$869,792$1,759,391
70$3,751,534$1,249,050$856,610$1,843,179
71$4,090,537$1,266,600$841,653$1,933,872
72$4,462,743$1,283,635$824,820$2,032,174
73$4,871,496$1,300,086$806,005$2,138,869
74$5,320,479$1,315,880$785,096$2,254,819
75$5,813,748$1,330,939$761,978$2,380,979
76$6,355,775$1,345,179$736,528$2,518,405
77$6,951,482$1,358,512$708,620$2,668,261
78$7,606,296$1,370,841$678,121$2,831,836
79$8,326,191$1,382,066$644,892$3,010,551
80$9,117,754$1,392,078$608,787$3,205,980
81$9,988,239$1,400,764$569,655$3,419,856
82$10,945,638$1,408,000$527,337$3,654,099
83$11,998,757$1,413,656$481,667$3,910,824
84$13,157,299$1,417,594$432,472$4,192,370
85$14,431,955$1,419,668$379,571$4,501,318
86$15,834,503$1,419,720$322,775$4,840,520
87$17,377,922$1,417,585$261,887$5,213,122
88$19,076,510$1,413,087$196,701$5,622,599
89$20,946,025$1,406,039$127,001$6,072,786
90$23,003,827$1,396,242$52,563$6,567,917
91$25,269,046$1,383,487$0$7,112,664
92$27,762,760$1,367,550$0$7,720,214
93$30,508,196$1,348,194$0$8,405,510
94$33,530,946$1,325,169$0$9,159,189
95$36,859,210$1,298,210$0$9,988,261
96$40,524,062$1,267,036$0$10,900,457
97$44,559,744$1,231,348$0$11,904,303
98$49,003,985$1,190,831$0$13,009,198
99$53,898,362$1,145,152$0$14,225,509
100$59,288,689$1,093,958$0$15,564,665