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%14.2%
1 years$72,174$71,531$70,904$70,292$69,694$68,483
2 years$35,730$35,064$34,419$33,794$33,188$31,972
3 years$23,583$22,915$22,272$21,652$21,056$19,872
4 years$17,511$16,845$16,208$15,599$15,017$13,876
5 years$13,869$13,207$12,578$11,982$11,416$10,319
6 years$11,441$10,784$10,165$9,582$9,033$7,983
7 years$9,708$9,057$8,447$7,878$7,346$6,343
8 years$8,409$7,763$7,164$6,608$6,094$5,137
9 years$7,399$6,759$6,170$5,629$5,132$4,221
10 years$6,591$5,958$5,379$4,852$4,373$3,507
11 years$5,931$5,304$4,736$4,223$3,761$2,939
12 years$5,381$4,761$4,203$3,704$3,259$2,481
13 years$4,916$4,302$3,755$3,270$2,842$2,105
14 years$4,518$3,911$3,374$2,903$2,491$1,795
15 years$4,174$3,572$3,046$2,589$2,194$1,537
16 years$3,872$3,278$2,762$2,318$1,939$1,320
17 years$3,607$3,019$2,513$2,083$1,719$1,136
18 years$3,371$2,789$2,294$1,877$1,528$981
19 years$3,160$2,585$2,100$1,696$1,362$848
20 years$2,970$2,402$1,927$1,536$1,217$735
21 years$2,799$2,238$1,773$1,394$1,089$637
22 years$2,644$2,089$1,634$1,268$976$554
23 years$2,502$1,953$1,509$1,154$876$481
24 years$2,372$1,830$1,395$1,053$788$419
25 years$2,253$1,718$1,292$962$709$365
26 years$2,144$1,614$1,199$879$638$318
27 years$2,042$1,519$1,113$805$576$277
28 years$1,948$1,432$1,035$737$519$242
29 years$1,861$1,351$963$676$469$211
30 years$1,779$1,275$897$620$424$185
31 years$1,703$1,206$836$570$383$161
32 years$1,632$1,141$780$524$346$141
33 years$1,565$1,080$728$482$314$123
34 years$1,503$1,024$681$443$284$108
35 years$1,444$971$636$408$257$94
36 years$1,388$922$595$376$233$82
37 years$1,336$876$557$346$211$72
38 years$1,286$832$522$319$191$63
39 years$1,239$791$489$294$174$55
40 years$1,195$753$458$271$157$48
41 years$1,153$717$430$250$143$42
42 years$1,113$682$403$231$130$37
43 years$1,075$650$378$213$118$32
44 years$1,038$620$355$197$107$28
45 years$1,004$591$333$182$97$25
46 years$971$564$313$168$88$22
47 years$940$538$294$155$80$19
48 years$910$514$276$143$73$17
49 years$881$490$260$133$66$15
50 years$853$469$244$123$60$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $874,000, adding $3,014 every year, while hoping to spend $49,157 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: 36/48/16 Blend
52$874,000$874,000$874,000$874,000
53$966,257$919,935$906,388$996,215
54$1,012,512$912,709$884,449$1,010,935
55$1,061,839$903,482$860,128$1,021,944
56$1,114,496$892,103$833,293$1,032,778
57$1,170,772$878,413$803,805$1,043,450
58$1,230,981$862,244$771,522$1,053,975
59$1,295,465$843,419$736,292$1,064,375
60$1,364,602$821,746$697,958$1,074,678
61$1,438,807$797,028$656,356$1,084,921
62$1,518,534$769,051$611,312$1,095,149
63$1,604,282$737,591$562,648$1,105,418
64$1,696,598$702,412$510,176$1,115,794
65$1,796,084$663,263$453,700$1,126,358
66$1,903,399$619,878$393,014$1,137,205
67$2,019,271$571,977$327,905$1,148,444
68$2,144,496$519,263$258,149$1,160,208
69$2,279,950$461,423$183,513$1,172,647
70$2,426,598$398,125$103,753$1,185,936
71$2,585,497$329,020$18,615$1,200,278
72$2,757,813$253,737$0$1,215,904
73$2,944,825$171,885$0$1,245,413
74$3,147,943$83,054$0$1,280,969
75$3,368,716$0$0$1,319,785
76$3,608,847$0$0$1,369,276
77$3,870,212$0$0$1,470,998
78$4,154,874$0$0$1,581,901
79$4,465,103$0$0$1,702,883
80$4,803,399$0$0$1,834,933
81$5,172,511$0$0$1,979,141
82$5,575,465$0$0$2,136,705
83$6,015,595$0$0$2,308,945
84$6,496,568$0$0$2,497,313
85$7,022,423$0$0$2,703,410
86$7,597,607$0$0$2,928,997
87$8,227,014$0$0$3,176,014
88$8,916,035$0$0$3,446,597
89$9,670,608$0$0$3,743,098
90$10,497,269$0$0$4,068,108
91$11,403,218$0$0$4,424,481
92$12,396,383$0$0$4,815,358
93$13,485,498$0$0$5,244,201
94$14,680,179$0$0$5,714,824
95$15,991,021$0$0$6,231,425
96$17,429,694$0$0$6,798,630
97$19,009,050$0$0$7,421,536
98$20,743,248$0$0$8,105,755
99$22,647,886$0$0$8,857,473
100$24,740,145$0$0$9,683,501