Can I retire at age 53 with 874,000?

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 $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%11.5%
1 years$72,174$71,531$70,904$70,292$69,694$69,255
2 years$35,730$35,064$34,419$33,794$33,188$32,745
3 years$23,583$22,915$22,272$21,652$21,056$20,622
4 years$17,511$16,845$16,208$15,599$15,017$14,597
5 years$13,869$13,207$12,578$11,982$11,416$11,010
6 years$11,441$10,784$10,165$9,582$9,033$8,642
7 years$9,708$9,057$8,447$7,878$7,346$6,971
8 years$8,409$7,763$7,164$6,608$6,094$5,734
9 years$7,399$6,759$6,170$5,629$5,132$4,787
10 years$6,591$5,958$5,379$4,852$4,373$4,043
11 years$5,931$5,304$4,736$4,223$3,761$3,446
12 years$5,381$4,761$4,203$3,704$3,259$2,958
13 years$4,916$4,302$3,755$3,270$2,842$2,555
14 years$4,518$3,911$3,374$2,903$2,491$2,218
15 years$4,174$3,572$3,046$2,589$2,194$1,934
16 years$3,872$3,278$2,762$2,318$1,939$1,692
17 years$3,607$3,019$2,513$2,083$1,719$1,485
18 years$3,371$2,789$2,294$1,877$1,528$1,307
19 years$3,160$2,585$2,100$1,696$1,362$1,152
20 years$2,970$2,402$1,927$1,536$1,217$1,018
21 years$2,799$2,238$1,773$1,394$1,089$901
22 years$2,644$2,089$1,634$1,268$976$799
23 years$2,502$1,953$1,509$1,154$876$709
24 years$2,372$1,830$1,395$1,053$788$630
25 years$2,253$1,718$1,292$962$709$561
26 years$2,144$1,614$1,199$879$638$499
27 years$2,042$1,519$1,113$805$576$445
28 years$1,948$1,432$1,035$737$519$397
29 years$1,861$1,351$963$676$469$354
30 years$1,779$1,275$897$620$424$316
31 years$1,703$1,206$836$570$383$282
32 years$1,632$1,141$780$524$346$252
33 years$1,565$1,080$728$482$314$226
34 years$1,503$1,024$681$443$284$202
35 years$1,444$971$636$408$257$180
36 years$1,388$922$595$376$233$161
37 years$1,336$876$557$346$211$144
38 years$1,286$832$522$319$191$129
39 years$1,239$791$489$294$174$116
40 years$1,195$753$458$271$157$104
41 years$1,153$717$430$250$143$93
42 years$1,113$682$403$231$130$83
43 years$1,075$650$378$213$118$75
44 years$1,038$620$355$197$107$67
45 years$1,004$591$333$182$97$60
46 years$971$564$313$168$88$54
47 years$940$538$294$155$80$48
48 years$910$514$276$143$73$43
49 years$881$490$260$133$66$39
50 years$853$469$244$123$60$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $874,000, adding $5,622 every year, while hoping to spend $49,740 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: 68/8/24 Blend
52$874,000$874,000$874,000$874,000
53$968,947$922,625$909,078$1,028,533
54$1,014,857$914,911$886,609$1,061,491
55$1,063,782$905,151$861,721$1,091,296
56$1,115,978$893,194$834,279$1,122,740
57$1,171,725$878,877$804,144$1,155,982
58$1,231,327$862,029$771,169$1,191,202
59$1,295,123$842,468$735,203$1,228,598
60$1,363,478$820,002$696,086$1,268,392
61$1,436,798$794,427$653,649$1,310,826
62$1,515,525$765,528$607,720$1,356,172
63$1,600,146$733,076$558,116$1,404,729
64$1,691,194$696,830$504,646$1,456,832
65$1,789,256$656,535$447,112$1,512,848
66$1,894,975$611,920$385,306$1,573,186
67$2,009,059$562,701$319,010$1,638,298
68$2,132,285$508,575$247,998$1,708,686
69$2,265,506$449,223$172,034$1,784,903
70$2,409,661$384,309$90,871$1,867,563
71$2,565,782$313,475$4,251$1,957,347
72$2,735,002$236,346$0$2,055,006
73$2,918,570$152,525$0$2,183,954
74$3,117,857$61,591$0$2,325,159
75$3,334,371$0$0$2,478,624
76$3,569,771$0$0$2,648,801
77$3,825,885$0$0$2,839,895
78$4,104,720$0$0$3,047,990
79$4,408,487$0$0$3,274,741
80$4,739,618$0$0$3,521,971
81$5,100,791$0$0$3,791,683
82$5,494,952$0$0$4,086,087
83$5,925,345$0$0$4,407,610
84$6,395,539$0$0$4,758,928
85$6,909,467$0$0$5,142,985
86$7,471,455$0$0$5,563,024
87$8,086,269$0$0$6,022,613
88$8,759,154$0$0$6,525,684
89$9,495,888$0$0$7,076,564
90$10,302,834$0$0$7,680,019
91$11,186,996$0$0$8,341,299
92$12,156,090$0$0$9,066,183
93$13,218,615$0$0$9,861,039
94$14,383,930$0$0$10,732,879
95$15,662,343$0$0$11,689,425
96$17,065,208$0$0$12,739,186
97$18,605,032$0$0$13,891,532
98$20,295,593$0$0$15,156,785
99$22,152,066$0$0$16,546,316
100$24,191,168$0$0$18,072,650