Can I retire at age 53 with 853,000?

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 $853,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$70,440$69,813$69,200$68,603$68,019$65,974
2 years$34,871$34,222$33,592$32,982$32,390$30,347
3 years$23,017$22,364$21,737$21,132$20,550$18,572
4 years$17,090$16,440$15,819$15,224$14,656$12,760
5 years$13,536$12,889$12,276$11,694$11,141$9,332
6 years$11,167$10,525$9,921$9,352$8,816$7,094
7 years$9,475$8,839$8,244$7,688$7,170$5,535
8 years$8,207$7,577$6,992$6,450$5,948$4,401
9 years$7,221$6,597$6,022$5,494$5,009$3,547
10 years$6,433$5,815$5,250$4,736$4,268$2,889
11 years$5,789$5,177$4,622$4,121$3,671$2,372
12 years$5,252$4,646$4,102$3,615$3,181$1,961
13 years$4,798$4,199$3,665$3,192$2,774$1,629
14 years$4,410$3,817$3,293$2,833$2,431$1,359
15 years$4,073$3,487$2,973$2,527$2,141$1,137
16 years$3,779$3,199$2,696$2,262$1,892$955
17 years$3,520$2,946$2,453$2,033$1,678$803
18 years$3,290$2,722$2,239$1,832$1,492$677
19 years$3,084$2,523$2,050$1,655$1,330$572
20 years$2,899$2,344$1,881$1,499$1,188$484
21 years$2,732$2,184$1,730$1,361$1,063$409
22 years$2,580$2,038$1,595$1,237$953$347
23 years$2,442$1,907$1,472$1,127$855$294
24 years$2,315$1,786$1,362$1,028$769$250
25 years$2,199$1,676$1,261$938$692$212
26 years$2,092$1,575$1,170$858$623$180
27 years$1,993$1,483$1,086$785$562$153
28 years$1,901$1,397$1,010$720$507$130
29 years$1,816$1,318$940$660$458$111
30 years$1,736$1,245$875$606$414$94
31 years$1,662$1,177$816$556$374$80
32 years$1,593$1,113$761$511$338$68
33 years$1,528$1,054$711$470$306$58
34 years$1,466$999$664$432$277$49
35 years$1,409$948$621$398$251$42
36 years$1,355$900$581$367$227$36
37 years$1,304$854$544$338$206$30
38 years$1,255$812$509$311$187$26
39 years$1,210$772$477$287$169$22
40 years$1,166$735$447$265$154$19
41 years$1,125$699$419$244$139$16
42 years$1,086$666$393$225$127$14
43 years$1,049$635$369$208$115$12
44 years$1,013$605$346$192$104$10
45 years$980$577$325$177$95$8
46 years$948$550$306$164$86$7
47 years$917$525$287$151$78$6
48 years$888$501$270$140$71$5
49 years$860$479$254$129$64$4
50 years$833$457$238$120$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $853,000, adding $5,668 every year, while hoping to spend $32,578 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: 54/20/26 Blend
52$853,000$853,000$853,000$853,000
53$945,853$900,644$887,422$989,842
54$1,007,667$910,112$882,488$1,030,268
55$1,074,694$918,953$876,297$1,070,426
56$1,147,432$927,101$868,772$1,113,481
57$1,226,428$934,486$859,833$1,159,723
58$1,312,282$941,035$849,396$1,209,471
59$1,405,658$946,669$837,374$1,263,079
60$1,507,283$951,304$823,674$1,320,939
61$1,617,958$954,850$808,200$1,383,483
62$1,738,566$957,214$790,851$1,451,188
63$1,870,077$958,294$771,521$1,524,583
64$2,013,558$957,984$750,100$1,604,251
65$2,170,185$956,169$726,473$1,690,837
66$2,341,253$952,730$700,518$1,785,053
67$2,528,185$947,539$672,110$1,887,686
68$2,732,550$940,458$641,116$1,999,606
69$2,956,075$931,346$607,398$2,121,773
70$3,200,661$920,048$570,812$2,255,248
71$3,468,401$906,403$531,207$2,401,202
72$3,761,601$890,239$488,425$2,560,928
73$4,082,799$871,376$442,302$2,735,856
74$4,434,790$849,619$392,666$2,927,562
75$4,820,655$824,767$339,336$3,137,787
76$5,243,784$796,602$282,126$3,368,455
77$5,707,911$764,897$220,839$3,621,686
78$6,217,152$729,411$155,270$3,899,825
79$6,776,036$689,887$85,206$4,205,456
80$7,389,556$646,055$10,425$4,541,434
81$8,063,209$597,630$0$4,910,907
82$8,803,052$544,310$0$5,336,599
83$9,615,757$485,775$0$5,807,435
84$10,508,674$421,688$0$6,324,823
85$11,489,901$351,692$0$6,893,506
86$12,568,356$275,411$0$7,518,712
87$13,753,868$192,446$0$8,206,206
88$15,057,264$102,377$0$8,962,341
89$16,490,473$4,761$0$9,794,124
90$18,066,635$0$0$10,709,274
91$19,800,231$0$0$11,738,504
92$21,707,215$0$0$12,871,919
93$23,805,162$0$0$14,118,929
94$26,113,440$0$0$15,491,057
95$28,653,388$0$0$17,001,000
96$31,448,515$0$0$18,662,748
97$34,524,729$0$0$20,491,715
98$37,910,574$0$0$22,504,886
99$41,637,501$0$0$24,720,975
100$45,740,166$0$0$27,160,603