Can I retire at age 53 with 850,000?

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 $850,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$70,192$69,567$68,957$68,362$67,780$65,584
2 years$34,749$34,101$33,474$32,866$32,276$30,085
3 years$22,936$22,286$21,660$21,058$20,477$18,359
4 years$17,030$16,382$15,763$15,171$14,605$12,575
5 years$13,488$12,844$12,233$11,653$11,102$9,167
6 years$11,127$10,488$9,886$9,319$8,785$6,946
7 years$9,442$8,808$8,215$7,661$7,144$5,402
8 years$8,178$7,550$6,967$6,427$5,927$4,279
9 years$7,196$6,574$6,001$5,474$4,991$3,436
10 years$6,410$5,794$5,232$4,719$4,253$2,788
11 years$5,768$5,158$4,606$4,107$3,658$2,281
12 years$5,234$4,630$4,088$3,602$3,170$1,878
13 years$4,781$4,184$3,652$3,180$2,764$1,553
14 years$4,394$3,803$3,281$2,823$2,423$1,291
15 years$4,059$3,474$2,963$2,518$2,133$1,076
16 years$3,766$3,188$2,686$2,254$1,885$899
17 years$3,507$2,936$2,444$2,026$1,672$753
18 years$3,278$2,713$2,231$1,825$1,486$632
19 years$3,073$2,514$2,043$1,649$1,325$531
20 years$2,889$2,336$1,875$1,494$1,183$447
21 years$2,722$2,176$1,724$1,356$1,059$377
22 years$2,571$2,031$1,589$1,233$949$318
23 years$2,433$1,900$1,467$1,123$852$268
24 years$2,307$1,780$1,357$1,024$766$227
25 years$2,191$1,670$1,257$935$689$191
26 years$2,085$1,570$1,166$855$621$162
27 years$1,986$1,478$1,082$783$560$137
28 years$1,894$1,392$1,006$717$505$116
29 years$1,809$1,313$936$658$456$98
30 years$1,730$1,240$872$603$412$83
31 years$1,656$1,173$813$554$373$70
32 years$1,587$1,109$759$509$337$59
33 years$1,522$1,051$708$468$305$50
34 years$1,461$996$662$431$276$43
35 years$1,404$945$619$397$250$36
36 years$1,350$897$579$365$227$31
37 years$1,299$851$542$337$205$26
38 years$1,251$809$507$310$186$22
39 years$1,205$769$475$286$169$19
40 years$1,162$732$446$264$153$16
41 years$1,121$697$418$243$139$13
42 years$1,082$664$392$225$126$11
43 years$1,045$632$368$207$114$10
44 years$1,010$603$345$192$104$8
45 years$976$575$324$177$94$7
46 years$944$548$304$163$86$6
47 years$914$523$286$151$78$5
48 years$885$500$269$139$71$4
49 years$857$477$253$129$64$4
50 years$830$456$238$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $850,000, adding $4,261 every year, while hoping to spend $59,991 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: 73/10/17 Blend
52$850,000$850,000$850,000$850,000
53$941,095$896,045$882,870$1,005,811
54$973,257$876,121$848,616$1,029,378
55$1,006,689$853,211$811,204$1,047,467
56$1,041,456$827,104$770,465$1,065,716
57$1,077,631$797,578$726,222$1,084,129
58$1,115,289$764,398$678,290$1,102,709
59$1,154,511$727,317$626,476$1,121,462
60$1,195,387$686,071$570,578$1,140,397
61$1,238,010$640,382$510,386$1,159,523
62$1,282,482$589,956$445,679$1,178,853
63$1,328,913$534,482$376,228$1,198,403
64$1,377,423$473,632$301,792$1,218,192
65$1,428,139$407,059$222,120$1,238,243
66$1,481,199$334,395$136,952$1,258,582
67$1,536,755$255,254$46,013$1,279,243
68$1,594,968$169,226$0$1,300,264
69$1,656,016$75,878$0$1,330,945
70$1,720,088$0$0$1,371,591
71$1,787,393$0$0$1,416,740
72$1,858,157$0$0$1,473,000
73$1,932,625$0$0$1,532,220
74$2,011,064$0$0$1,594,612
75$2,093,765$0$0$1,660,411
76$2,181,045$0$0$1,729,870
77$2,273,250$0$0$1,803,267
78$2,370,757$0$0$1,880,905
79$2,473,976$0$0$1,963,114
80$2,583,359$0$0$2,050,254
81$2,699,395$0$0$2,142,719
82$2,822,621$0$0$2,240,942
83$2,953,625$0$0$2,345,392
84$3,093,049$0$0$2,456,587
85$3,241,596$0$0$2,575,090
86$3,400,036$0$0$2,701,520
87$3,569,212$0$0$2,836,555
88$3,750,050$0$0$2,980,938
89$3,943,561$0$0$3,135,481
90$4,150,857$0$0$3,301,078
91$4,373,156$0$0$3,478,709
92$4,611,796$0$0$3,669,446
93$4,868,243$0$0$3,874,470
94$5,144,108$0$0$4,095,074
95$5,441,160$0$0$4,332,681
96$5,761,339$0$0$4,588,851
97$6,106,781$0$0$4,865,298
98$6,479,827$0$0$5,163,907
99$6,883,054$0$0$5,486,748
100$7,319,293$0$0$5,836,097