Can I retire at age 53 with 874,000?

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 $874,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$72,174$71,531$70,904$70,292$69,694$67,626
2 years$35,730$35,064$34,419$33,794$33,188$31,121
3 years$23,583$22,915$22,272$21,652$21,056$19,055
4 years$17,511$16,845$16,208$15,599$15,017$13,098
5 years$13,869$13,207$12,578$11,982$11,416$9,584
6 years$11,441$10,784$10,165$9,582$9,033$7,290
7 years$9,708$9,057$8,447$7,878$7,346$5,692
8 years$8,409$7,763$7,164$6,608$6,094$4,527
9 years$7,399$6,759$6,170$5,629$5,132$3,651
10 years$6,591$5,958$5,379$4,852$4,373$2,976
11 years$5,931$5,304$4,736$4,223$3,761$2,445
12 years$5,381$4,761$4,203$3,704$3,259$2,022
13 years$4,916$4,302$3,755$3,270$2,842$1,681
14 years$4,518$3,911$3,374$2,903$2,491$1,403
15 years$4,174$3,572$3,046$2,589$2,194$1,176
16 years$3,872$3,278$2,762$2,318$1,939$988
17 years$3,607$3,019$2,513$2,083$1,719$832
18 years$3,371$2,789$2,294$1,877$1,528$702
19 years$3,160$2,585$2,100$1,696$1,362$593
20 years$2,970$2,402$1,927$1,536$1,217$502
21 years$2,799$2,238$1,773$1,394$1,089$425
22 years$2,644$2,089$1,634$1,268$976$360
23 years$2,502$1,953$1,509$1,154$876$306
24 years$2,372$1,830$1,395$1,053$788$260
25 years$2,253$1,718$1,292$962$709$221
26 years$2,144$1,614$1,199$879$638$188
27 years$2,042$1,519$1,113$805$576$160
28 years$1,948$1,432$1,035$737$519$136
29 years$1,861$1,351$963$676$469$116
30 years$1,779$1,275$897$620$424$98
31 years$1,703$1,206$836$570$383$84
32 years$1,632$1,141$780$524$346$71
33 years$1,565$1,080$728$482$314$61
34 years$1,503$1,024$681$443$284$52
35 years$1,444$971$636$408$257$44
36 years$1,388$922$595$376$233$38
37 years$1,336$876$557$346$211$32
38 years$1,286$832$522$319$191$27
39 years$1,239$791$489$294$174$23
40 years$1,195$753$458$271$157$20
41 years$1,153$717$430$250$143$17
42 years$1,113$682$403$231$130$14
43 years$1,075$650$378$213$118$12
44 years$1,038$620$355$197$107$10
45 years$1,004$591$333$182$97$9
46 years$971$564$313$168$88$8
47 years$940$538$294$155$80$6
48 years$910$514$276$143$73$6
49 years$881$490$260$133$66$5
50 years$853$469$244$123$60$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $874,000, adding $6,540 every year, while hoping to spend $55,448 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: 40/35/25 Blend
52$874,000$874,000$874,000$874,000
53$969,894$923,572$910,025$1,001,299
54$1,009,827$909,831$881,515$1,010,850
55$1,051,975$893,558$850,191$1,015,484
56$1,096,505$874,571$815,901$1,019,409
57$1,143,599$852,676$778,484$1,022,594
58$1,193,458$827,668$737,775$1,025,007
59$1,246,298$799,332$693,598$1,026,621
60$1,302,358$767,437$645,772$1,027,408
61$1,361,898$731,740$594,104$1,027,346
62$1,425,202$691,986$538,397$1,026,415
63$1,492,581$647,902$478,441$1,024,597
64$1,564,376$599,201$414,021$1,021,882
65$1,640,960$545,579$344,908$1,018,264
66$1,722,741$486,716$270,866$1,013,744
67$1,810,168$422,273$191,648$1,008,333
68$1,903,732$351,890$106,994$1,002,046
69$2,003,970$275,190$16,636$994,915
70$2,111,473$191,772$0$986,979
71$2,226,889$101,215$0$999,577
72$2,350,929$3,072$0$1,017,616
73$2,484,373$0$0$1,036,823
74$2,628,078$0$0$1,097,112
75$2,782,986$0$0$1,163,463
76$2,950,130$0$0$1,235,147
77$3,130,646$0$0$1,312,663
78$3,325,782$0$0$1,396,558
79$3,536,910$0$0$1,487,435
80$3,765,538$0$0$1,585,958
81$4,013,323$0$0$1,692,854
82$4,282,090$0$0$1,808,926
83$4,573,841$0$0$1,935,053
84$4,890,784$0$0$2,072,207
85$5,235,342$0$0$2,221,453
86$5,610,185$0$0$2,383,966
87$6,018,248$0$0$2,561,036
88$6,462,762$0$0$2,754,086
89$6,947,282$0$0$2,964,680
90$7,475,720$0$0$3,194,538
91$8,052,383$0$0$3,445,558
92$8,682,012$0$0$3,719,824
93$9,369,824$0$0$4,019,634
94$10,121,563$0$0$4,347,518
95$10,943,554$0$0$4,706,258
96$11,842,760$0$0$5,098,922
97$12,826,849$0$0$5,528,885
98$13,904,263$0$0$5,999,866
99$15,084,299$0$0$6,515,958
100$16,377,195$0$0$7,081,671