Can I retire at age 53 with 872,000?

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 $872,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$72,009$71,368$70,742$70,131$69,535$68,723
2 years$35,648$34,984$34,341$33,717$33,112$32,294
3 years$23,529$22,862$22,221$21,603$21,007$20,210
4 years$17,471$16,806$16,171$15,564$14,983$14,212
5 years$13,837$13,176$12,549$11,954$11,390$10,647
6 years$11,415$10,760$10,142$9,560$9,012$8,299
7 years$9,686$9,036$8,428$7,860$7,329$6,646
8 years$8,390$7,745$7,147$6,593$6,080$5,426
9 years$7,382$6,744$6,156$5,616$5,121$4,496
10 years$6,576$5,944$5,367$4,841$4,363$3,767
11 years$5,918$5,292$4,725$4,213$3,752$3,185
12 years$5,369$4,750$4,193$3,696$3,252$2,712
13 years$4,905$4,292$3,746$3,263$2,836$2,323
14 years$4,508$3,902$3,366$2,896$2,486$2,000
15 years$4,164$3,564$3,039$2,583$2,189$1,728
16 years$3,863$3,270$2,756$2,313$1,934$1,499
17 years$3,598$3,012$2,507$2,078$1,715$1,303
18 years$3,363$2,783$2,289$1,873$1,525$1,136
19 years$3,153$2,579$2,095$1,692$1,359$993
20 years$2,964$2,397$1,923$1,533$1,214$869
21 years$2,793$2,232$1,769$1,391$1,086$762
22 years$2,638$2,084$1,630$1,265$974$669
23 years$2,496$1,949$1,505$1,152$874$588
24 years$2,367$1,826$1,392$1,050$786$517
25 years$2,248$1,714$1,289$959$707$456
26 years$2,139$1,611$1,196$877$637$401
27 years$2,037$1,516$1,110$803$574$354
28 years$1,943$1,428$1,032$736$518$312
29 years$1,856$1,347$961$675$468$276
30 years$1,775$1,272$895$619$423$244
31 years$1,699$1,203$834$569$382$215
32 years$1,628$1,138$778$523$346$190
33 years$1,562$1,078$727$481$313$168
34 years$1,499$1,022$679$442$283$149
35 years$1,440$969$635$407$257$132
36 years$1,385$920$594$375$232$117
37 years$1,333$874$556$345$211$103
38 years$1,283$830$521$318$191$91
39 years$1,236$789$488$294$173$81
40 years$1,192$751$457$271$157$72
41 years$1,150$715$429$250$143$63
42 years$1,110$681$402$231$129$56
43 years$1,072$649$377$213$117$50
44 years$1,036$618$354$196$107$44
45 years$1,002$590$333$181$97$39
46 years$969$563$312$168$88$35
47 years$937$537$293$155$80$31
48 years$907$512$276$143$72$27
49 years$879$489$259$132$66$24
50 years$851$467$244$122$60$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $872,000, adding $6,604 every year, while hoping to spend $38,463 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: 27/44/29 Blend
52$872,000$872,000$872,000$872,000
53$967,756$921,540$908,024$985,040
54$1,025,543$925,771$897,518$1,003,846
55$1,087,935$928,920$885,372$1,020,299
56$1,155,361$930,894$871,489$1,037,189
57$1,228,293$931,593$855,769$1,054,581
58$1,307,249$930,912$838,107$1,072,549
59$1,392,800$928,738$818,395$1,091,178
60$1,485,571$924,951$796,517$1,110,565
61$1,586,252$919,427$772,353$1,130,821
62$1,695,601$912,030$745,778$1,152,071
63$1,814,451$902,619$716,661$1,174,460
64$1,943,720$891,042$684,864$1,198,150
65$2,084,417$877,140$650,244$1,223,323
66$2,237,651$860,744$612,651$1,250,188
67$2,404,645$841,673$571,928$1,278,978
68$2,586,743$819,740$527,912$1,309,957
69$2,785,425$794,741$480,431$1,343,421
70$3,002,319$766,465$429,307$1,379,703
71$3,239,220$734,686$374,353$1,419,176
72$3,498,100$699,165$315,373$1,462,260
73$3,781,134$659,651$252,166$1,509,424
74$4,090,713$615,877$184,516$1,561,193
75$4,429,471$567,562$112,204$1,618,154
76$4,800,311$514,406$34,996$1,680,965
77$5,206,426$456,095$0$1,750,356
78$5,651,334$392,296$0$1,841,813
79$6,138,909$322,657$0$1,954,090
80$6,673,417$246,807$0$2,077,444
81$7,259,558$164,353$0$2,213,091
82$7,902,507$74,880$0$2,362,380
83$8,607,965$0$0$2,526,803
84$9,382,210$0$0$2,718,691
85$10,232,160$0$0$2,969,289
86$11,165,433$0$0$3,244,606
87$12,190,423$0$0$3,547,139
88$13,316,373$0$0$3,879,634
89$14,553,471$0$0$4,245,121
90$15,912,935$0$0$4,646,934
91$17,407,128$0$0$5,088,751
92$19,049,667$0$0$5,574,619
93$20,855,556$0$0$6,109,001
94$22,841,324$0$0$6,696,811
95$25,025,184$0$0$7,343,465
96$27,427,199$0$0$8,054,931
97$30,069,478$0$0$8,837,784
98$32,976,378$0$0$9,699,266
99$36,174,735$0$0$10,647,361
100$39,694,120$0$0$11,690,863