Can I retire at age 53 with 871,000?

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 $871,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$71,926$71,286$70,661$70,051$69,455$67,803
2 years$35,607$34,944$34,301$33,678$33,074$31,419
3 years$23,502$22,836$22,195$21,578$20,983$19,378
4 years$17,451$16,787$16,152$15,546$14,965$13,422
5 years$13,821$13,161$12,535$11,941$11,377$9,898
6 years$11,402$10,747$10,130$9,549$9,002$7,591
7 years$9,675$9,025$8,418$7,851$7,321$5,977
8 years$8,380$7,736$7,139$6,586$6,073$4,797
9 years$7,374$6,736$6,149$5,610$5,115$3,904
10 years$6,569$5,937$5,361$4,836$4,358$3,211
11 years$5,911$5,286$4,720$4,208$3,748$2,664
12 years$5,363$4,744$4,189$3,691$3,248$2,225
13 years$4,900$4,287$3,742$3,259$2,832$1,869
14 years$4,503$3,897$3,362$2,893$2,483$1,576
15 years$4,159$3,560$3,036$2,580$2,186$1,334
16 years$3,859$3,266$2,752$2,310$1,932$1,133
17 years$3,594$3,008$2,505$2,076$1,713$964
18 years$3,359$2,780$2,286$1,870$1,523$823
19 years$3,149$2,576$2,093$1,690$1,358$703
20 years$2,960$2,394$1,921$1,531$1,213$602
21 years$2,790$2,230$1,767$1,389$1,085$516
22 years$2,635$2,081$1,628$1,263$973$442
23 years$2,494$1,947$1,504$1,150$873$380
24 years$2,364$1,824$1,391$1,049$785$327
25 years$2,246$1,712$1,288$958$706$281
26 years$2,136$1,609$1,194$876$636$242
27 years$2,035$1,514$1,109$802$574$208
28 years$1,941$1,427$1,031$735$518$179
29 years$1,854$1,346$960$674$467$154
30 years$1,773$1,271$894$618$422$133
31 years$1,697$1,202$833$568$382$115
32 years$1,626$1,137$777$522$345$99
33 years$1,560$1,077$726$480$313$85
34 years$1,497$1,020$678$442$283$74
35 years$1,439$968$634$407$256$63
36 years$1,383$919$593$374$232$55
37 years$1,331$873$555$345$210$47
38 years$1,282$829$520$318$191$41
39 years$1,235$788$487$293$173$35
40 years$1,191$750$457$270$157$30
41 years$1,149$714$428$249$142$26
42 years$1,109$680$402$230$129$23
43 years$1,071$648$377$213$117$20
44 years$1,035$618$354$196$106$17
45 years$1,000$589$332$181$97$15
46 years$968$562$312$167$88$13
47 years$936$536$293$155$80$11
48 years$906$512$275$143$72$9
49 years$878$489$259$132$66$8
50 years$850$467$243$122$60$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $871,000, adding $3,609 every year, while hoping to spend $42,108 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$871,000$871,000$871,000$871,000
53$963,565$917,402$903,901$1,012,400
54$1,017,046$917,552$889,379$1,046,042
55$1,074,570$916,298$872,960$1,077,699
56$1,136,507$913,527$854,534$1,111,099
57$1,203,260$909,119$833,990$1,146,415
58$1,275,272$902,945$811,208$1,183,836
59$1,353,032$894,872$786,066$1,223,576
60$1,437,075$884,755$758,434$1,265,870
61$1,527,991$872,442$728,175$1,310,980
62$1,626,427$857,773$695,150$1,359,197
63$1,733,095$840,576$659,210$1,410,844
64$1,848,777$820,670$620,200$1,466,282
65$1,974,335$797,865$577,958$1,525,907
66$2,110,714$771,957$532,317$1,590,164
67$2,258,956$742,733$483,099$1,659,542
68$2,420,206$709,964$430,120$1,734,586
69$2,595,726$673,411$373,188$1,815,901
70$2,786,901$632,819$312,101$1,904,156
71$2,995,259$587,920$246,649$2,000,095
72$3,222,477$538,431$176,614$2,104,539
73$3,470,406$484,050$101,767$2,218,401
74$3,741,079$424,460$21,868$2,342,693
75$4,036,737$359,326$0$2,478,533
76$4,359,845$288,294$0$2,630,543
77$4,713,117$210,989$0$2,798,180
78$5,099,544$127,016$0$2,981,810
79$5,522,415$35,957$0$3,183,130
80$5,985,355$0$0$3,404,018
81$6,492,353$0$0$3,676,185
82$7,047,805$0$0$3,993,089
83$7,656,550$0$0$4,340,488
84$8,323,918$0$0$4,721,435
85$9,055,779$0$0$5,139,293
86$9,858,598$0$0$5,597,764
87$10,739,498$0$0$6,100,929
88$11,706,322$0$0$6,653,281
89$12,767,711$0$0$7,259,770
90$13,933,183$0$0$7,925,848
91$15,213,222$0$0$8,657,522
92$16,619,380$0$0$9,461,408
93$18,164,380$0$0$10,344,797
94$19,862,240$0$0$11,315,718
95$21,728,401$0$0$12,383,020
96$23,779,877$0$0$13,556,449
97$26,035,413$0$0$14,846,745
98$28,515,657$0$0$16,265,737
99$31,243,363$0$0$17,826,463
100$34,243,596$0$0$19,543,284