Can I retire at age 53 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$72,174$71,531$70,904$70,292$69,694$68,596
2 years$35,730$35,064$34,419$33,794$33,188$32,084
3 years$23,583$22,915$22,272$21,652$21,056$19,981
4 years$17,511$16,845$16,208$15,599$15,017$13,980
5 years$13,869$13,207$12,578$11,982$11,416$10,419
6 years$11,441$10,784$10,165$9,582$9,033$8,077
7 years$9,708$9,057$8,447$7,878$7,346$6,432
8 years$8,409$7,763$7,164$6,608$6,094$5,222
9 years$7,399$6,759$6,170$5,629$5,132$4,301
10 years$6,591$5,958$5,379$4,852$4,373$3,582
11 years$5,931$5,304$4,736$4,223$3,761$3,010
12 years$5,381$4,761$4,203$3,704$3,259$2,546
13 years$4,916$4,302$3,755$3,270$2,842$2,167
14 years$4,518$3,911$3,374$2,903$2,491$1,853
15 years$4,174$3,572$3,046$2,589$2,194$1,590
16 years$3,872$3,278$2,762$2,318$1,939$1,370
17 years$3,607$3,019$2,513$2,083$1,719$1,183
18 years$3,371$2,789$2,294$1,877$1,528$1,024
19 years$3,160$2,585$2,100$1,696$1,362$888
20 years$2,970$2,402$1,927$1,536$1,217$772
21 years$2,799$2,238$1,773$1,394$1,089$671
22 years$2,644$2,089$1,634$1,268$976$585
23 years$2,502$1,953$1,509$1,154$876$510
24 years$2,372$1,830$1,395$1,053$788$445
25 years$2,253$1,718$1,292$962$709$389
26 years$2,144$1,614$1,199$879$638$340
27 years$2,042$1,519$1,113$805$576$298
28 years$1,948$1,432$1,035$737$519$261
29 years$1,861$1,351$963$676$469$228
30 years$1,779$1,275$897$620$424$200
31 years$1,703$1,206$836$570$383$175
32 years$1,632$1,141$780$524$346$154
33 years$1,565$1,080$728$482$314$135
34 years$1,503$1,024$681$443$284$118
35 years$1,444$971$636$408$257$104
36 years$1,388$922$595$376$233$91
37 years$1,336$876$557$346$211$80
38 years$1,286$832$522$319$191$70
39 years$1,239$791$489$294$174$62
40 years$1,195$753$458$271$157$54
41 years$1,153$717$430$250$143$47
42 years$1,113$682$403$231$130$42
43 years$1,075$650$378$213$118$37
44 years$1,038$620$355$197$107$32
45 years$1,004$591$333$182$97$28
46 years$971$564$313$168$88$25
47 years$940$538$294$155$80$22
48 years$910$514$276$143$73$19
49 years$881$490$260$133$66$17
50 years$853$469$244$123$60$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $874,000, adding $3,074 every year, while hoping to spend $40,315 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: 50/44/6 Blend
52$874,000$874,000$874,000$874,000
53$966,319$919,997$906,450$1,013,048
54$1,021,989$922,182$893,921$1,047,389
55$1,081,985$923,123$879,621$1,080,095
56$1,146,708$922,716$863,449$1,114,671
57$1,216,595$920,852$845,297$1,151,299
58$1,292,127$917,413$825,054$1,190,186
59$1,373,834$912,276$802,603$1,231,557
60$1,462,297$905,310$777,823$1,275,666
61$1,558,156$896,375$750,584$1,322,793
62$1,662,114$885,323$720,755$1,373,248
63$1,774,944$871,998$688,194$1,427,377
64$1,897,496$856,233$652,756$1,485,562
65$2,030,706$837,854$614,289$1,548,230
66$2,175,602$816,674$572,633$1,615,851
67$2,333,318$792,495$527,620$1,688,947
68$2,505,099$765,110$479,078$1,768,099
69$2,692,315$734,297$426,823$1,853,948
70$2,896,476$699,822$370,667$1,947,207
71$3,119,243$661,439$310,410$2,048,664
72$3,362,442$618,885$245,845$2,159,193
73$3,628,085$571,886$176,755$2,279,761
74$3,918,389$520,147$102,916$2,411,441
75$4,235,792$463,361$24,090$2,555,419
76$4,582,978$401,201$0$2,713,009
77$4,962,903$333,322$0$2,889,507
78$5,378,824$259,359$0$3,084,576
79$5,834,324$178,927$0$3,298,468
80$6,333,351$91,621$0$3,533,172
81$6,880,252$0$0$3,790,884
82$7,479,816$0$0$4,075,481
83$8,137,316$0$0$4,436,318
84$8,858,559$0$0$4,832,231
85$9,649,943$0$0$5,266,745
86$10,518,514$0$0$5,743,741
87$11,472,033$0$0$6,267,494
88$12,519,052$0$0$6,842,713
89$13,668,988$0$0$7,474,586
90$14,932,217$0$0$8,168,829
91$16,320,169$0$0$8,931,738
92$17,845,435$0$0$9,770,248
93$19,521,887$0$0$10,692,001
94$21,364,808$0$0$11,705,417
95$23,391,035$0$0$12,819,771
96$25,619,118$0$0$14,045,281
97$28,069,496$0$0$15,393,207
98$30,764,684$0$0$16,875,954
99$33,729,492$0$0$18,507,188
100$36,991,256$0$0$20,301,971