Can I retire at age 53 with 867,000?

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 $867,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$71,596$70,958$70,336$69,729$69,136$66,842
2 years$35,444$34,783$34,144$33,523$32,922$30,634
3 years$23,394$22,731$22,093$21,479$20,887$18,676
4 years$17,371$16,710$16,078$15,474$14,897$12,779
5 years$13,758$13,101$12,477$11,886$11,324$9,306
6 years$11,350$10,698$10,084$9,505$8,961$7,044
7 years$9,631$8,984$8,379$7,815$7,287$5,471
8 years$8,342$7,701$7,106$6,556$6,046$4,329
9 years$7,340$6,705$6,121$5,584$5,091$3,472
10 years$6,539$5,910$5,336$4,813$4,338$2,814
11 years$5,884$5,261$4,698$4,189$3,731$2,299
12 years$5,338$4,722$4,169$3,674$3,233$1,890
13 years$4,877$4,268$3,725$3,244$2,819$1,562
14 years$4,482$3,879$3,347$2,880$2,471$1,295
15 years$4,140$3,544$3,022$2,568$2,176$1,078
16 years$3,841$3,251$2,740$2,299$1,923$900
17 years$3,578$2,994$2,493$2,066$1,705$753
18 years$3,344$2,767$2,276$1,862$1,516$631
19 years$3,135$2,564$2,083$1,682$1,351$530
20 years$2,947$2,383$1,912$1,524$1,207$445
21 years$2,777$2,220$1,759$1,383$1,080$374
22 years$2,623$2,072$1,621$1,257$968$315
23 years$2,482$1,938$1,497$1,145$869$266
24 years$2,353$1,816$1,384$1,044$781$224
25 years$2,235$1,704$1,282$954$703$189
26 years$2,126$1,601$1,189$872$633$159
27 years$2,026$1,507$1,104$798$571$135
28 years$1,932$1,420$1,026$731$515$114
29 years$1,846$1,340$955$671$465$96
30 years$1,765$1,265$890$616$420$81
31 years$1,689$1,196$829$565$380$69
32 years$1,619$1,132$774$520$344$58
33 years$1,553$1,072$723$478$311$49
34 years$1,491$1,016$675$440$282$41
35 years$1,432$963$631$405$255$35
36 years$1,377$914$590$373$231$30
37 years$1,325$868$553$343$209$25
38 years$1,276$825$518$316$190$21
39 years$1,229$785$485$292$172$18
40 years$1,185$747$454$269$156$15
41 years$1,144$711$426$248$142$13
42 years$1,104$677$400$229$129$11
43 years$1,066$645$375$212$117$9
44 years$1,030$615$352$195$106$8
45 years$996$586$331$180$96$7
46 years$963$559$311$167$87$6
47 years$932$534$292$154$79$5
48 years$902$510$274$142$72$4
49 years$874$487$258$131$65$3
50 years$846$465$242$122$59$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $867,000, adding $5,112 every year, while hoping to spend $29,636 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: 52/43/5 Blend
52$867,000$867,000$867,000$867,000
53$960,707$914,756$901,318$1,009,319
54$1,027,167$928,047$899,979$1,056,118
55$1,099,412$940,995$897,603$1,103,310
56$1,178,002$953,554$894,122$1,153,908
57$1,263,551$965,671$889,468$1,208,236
58$1,356,736$977,291$883,568$1,266,654
59$1,458,301$988,357$876,346$1,329,558
60$1,569,066$998,805$867,722$1,397,386
61$1,689,933$1,008,568$857,612$1,470,620
62$1,821,894$1,017,576$845,930$1,549,792
63$1,966,042$1,025,752$832,584$1,635,489
64$2,123,580$1,033,015$817,477$1,728,360
65$2,295,832$1,039,280$800,510$1,829,119
66$2,484,257$1,044,455$781,577$1,938,556
67$2,690,461$1,048,443$760,569$2,057,541
68$2,916,210$1,051,139$737,371$2,187,035
69$3,163,453$1,052,434$711,862$2,328,097
70$3,434,333$1,052,211$683,917$2,481,897
71$3,731,211$1,050,346$653,405$2,649,726
72$4,056,688$1,046,706$620,187$2,833,006
73$4,413,627$1,041,152$584,121$3,033,310
74$4,805,184$1,033,535$545,056$3,252,369
75$5,234,833$1,023,699$502,835$3,492,096
76$5,706,401$1,011,475$457,295$3,754,600
77$6,224,103$996,687$408,264$4,042,209
78$6,792,585$979,147$355,563$4,357,491
79$7,416,960$958,657$299,007$4,703,276
80$8,102,865$935,006$238,398$5,082,691
81$8,856,508$907,972$173,535$5,499,180
82$9,684,727$877,318$104,204$5,956,547
83$10,595,058$842,795$30,184$6,458,985
84$11,595,800$804,139$0$7,011,120
85$12,696,101$761,070$0$7,620,658
86$13,906,033$713,294$0$8,292,510
87$15,236,700$660,496$0$9,031,284
88$16,700,330$602,347$0$9,843,840
89$18,310,399$538,497$0$10,737,742
90$20,081,754$468,579$0$11,721,332
91$22,030,754$392,200$0$12,803,808
92$24,175,423$308,950$0$13,995,313
93$26,535,620$218,392$0$15,307,030
94$29,133,228$120,068$0$16,751,293
95$31,992,358$13,492$0$18,341,698
96$35,139,577$0$0$20,093,239
97$38,604,157$0$0$22,070,638
98$42,418,356$0$0$24,254,717
99$46,617,715$0$0$26,659,458
100$51,241,398$0$0$29,307,301