Can I retire at age 53 with 868,000?

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 $868,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$71,679$71,040$70,417$69,809$69,216$67,625
2 years$35,484$34,824$34,183$33,562$32,960$31,366
3 years$23,421$22,758$22,119$21,504$20,911$19,364
4 years$17,391$16,729$16,097$15,492$14,914$13,425
5 years$13,774$13,116$12,492$11,899$11,337$9,911
6 years$11,363$10,710$10,095$9,516$8,971$7,609
7 years$9,642$8,994$8,389$7,824$7,296$5,998
8 years$8,351$7,710$7,115$6,563$6,052$4,819
9 years$7,348$6,713$6,128$5,590$5,097$3,927
10 years$6,546$5,917$5,342$4,819$4,343$3,234
11 years$5,890$5,268$4,703$4,194$3,735$2,687
12 years$5,344$4,728$4,174$3,679$3,237$2,247
13 years$4,883$4,273$3,729$3,248$2,823$1,889
14 years$4,487$3,884$3,351$2,883$2,474$1,596
15 years$4,145$3,548$3,025$2,571$2,178$1,353
16 years$3,846$3,255$2,743$2,302$1,925$1,150
17 years$3,582$2,998$2,496$2,068$1,707$981
18 years$3,348$2,770$2,278$1,864$1,518$838
19 years$3,138$2,567$2,086$1,684$1,353$717
20 years$2,950$2,386$1,914$1,525$1,208$615
21 years$2,780$2,222$1,761$1,384$1,081$528
22 years$2,626$2,074$1,623$1,259$969$453
23 years$2,485$1,940$1,498$1,146$870$390
24 years$2,356$1,818$1,386$1,046$782$336
25 years$2,238$1,706$1,283$955$704$289
26 years$2,129$1,603$1,190$873$634$249
27 years$2,028$1,509$1,105$799$572$215
28 years$1,935$1,422$1,028$732$516$185
29 years$1,848$1,341$956$671$466$160
30 years$1,767$1,267$891$616$421$138
31 years$1,691$1,197$830$566$380$119
32 years$1,621$1,133$775$520$344$103
33 years$1,554$1,073$723$478$311$89
34 years$1,492$1,017$676$440$282$77
35 years$1,434$965$632$405$255$66
36 years$1,379$915$591$373$231$57
37 years$1,327$870$553$344$210$50
38 years$1,277$826$518$317$190$43
39 years$1,231$786$485$292$172$37
40 years$1,187$748$455$269$156$32
41 years$1,145$712$427$249$142$28
42 years$1,105$678$400$229$129$24
43 years$1,067$646$376$212$117$21
44 years$1,031$616$353$196$106$18
45 years$997$587$331$181$96$16
46 years$964$560$311$167$87$13
47 years$933$534$292$154$79$12
48 years$903$510$274$142$72$10
49 years$875$487$258$132$65$9
50 years$847$465$243$122$59$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $868,000, adding $2,490 every year, while hoping to spend $53,378 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: 34/38/28 Blend
52$868,000$868,000$868,000$868,000
53$959,104$913,100$899,646$983,516
54$1,000,139$901,049$872,991$990,094
55$1,043,571$886,617$843,653$992,237
56$1,089,587$869,633$811,487$993,515
57$1,138,393$849,914$776,341$993,890
58$1,190,214$827,264$738,053$993,321
59$1,245,296$801,480$696,457$991,771
60$1,303,906$772,343$651,379$989,203
61$1,366,340$739,623$602,636$985,583
62$1,432,920$703,078$550,037$980,879
63$1,503,998$662,449$493,384$975,065
64$1,579,961$617,464$432,467$968,115
65$1,661,232$567,835$367,070$960,011
66$1,748,277$513,258$296,966$950,740
67$1,841,605$453,411$221,918$940,298
68$1,941,775$387,955$141,679$928,685
69$2,049,400$316,529$55,989$915,915
70$2,165,155$238,755$0$902,010
71$2,289,778$154,231$0$897,600
72$2,424,081$62,534$0$910,681
73$2,568,957$0$0$924,665
74$2,725,386$0$0$955,110
75$2,894,443$0$0$1,016,373
76$3,077,313$0$0$1,082,745
77$3,275,297$0$0$1,154,712
78$3,489,823$0$0$1,232,808
79$3,722,466$0$0$1,317,619
80$3,974,953$0$0$1,409,792
81$4,249,188$0$0$1,510,037
82$4,547,261$0$0$1,619,134
83$4,871,474$0$0$1,737,945
84$5,224,359$0$0$1,867,414
85$5,608,703$0$0$2,008,583
86$6,027,570$0$0$2,162,598
87$6,484,335$0$0$2,330,721
88$6,982,712$0$0$2,514,340
89$7,526,789$0$0$2,714,983
90$8,121,064$0$0$2,934,334
91$8,770,491$0$0$3,174,244
92$9,480,523$0$0$3,436,755
93$10,257,166$0$0$3,724,112
94$11,107,029$0$0$4,038,789
95$12,037,392$0$0$4,383,510
96$13,056,273$0$0$4,761,274
97$14,172,497$0$0$5,175,385
98$15,395,788$0$0$5,629,483
99$16,736,852$0$0$6,127,574
100$18,207,482$0$0$6,674,073