Can I retire at age 53 with 800,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$66,063$65,475$64,901$64,340$63,793$61,751
2 years$32,705$32,095$31,505$30,933$30,378$28,339
3 years$21,586$20,975$20,386$19,819$19,273$17,302
4 years$16,029$15,419$14,836$14,278$13,746$11,857
5 years$12,695$12,088$11,513$10,967$10,449$8,648
6 years$10,473$9,871$9,304$8,771$8,268$6,557
7 years$8,886$8,290$7,732$7,211$6,724$5,102
8 years$7,697$7,106$6,557$6,049$5,578$4,044
9 years$6,773$6,187$5,648$5,152$4,698$3,249
10 years$6,033$5,453$4,924$4,441$4,003$2,638
11 years$5,429$4,855$4,335$3,865$3,442$2,159
12 years$4,926$4,357$3,847$3,390$2,983$1,779
13 years$4,500$3,938$3,437$2,993$2,601$1,473
14 years$4,136$3,579$3,088$2,657$2,280$1,224
15 years$3,820$3,270$2,788$2,370$2,008$1,021
16 years$3,544$3,000$2,528$2,122$1,775$854
17 years$3,301$2,763$2,300$1,906$1,573$716
18 years$3,085$2,553$2,100$1,718$1,399$602
19 years$2,892$2,366$1,922$1,552$1,247$506
20 years$2,719$2,199$1,764$1,406$1,114$426
21 years$2,562$2,048$1,623$1,276$997$359
22 years$2,420$1,912$1,496$1,160$893$303
23 years$2,290$1,788$1,381$1,057$802$256
24 years$2,172$1,675$1,277$964$721$217
25 years$2,063$1,572$1,183$880$649$183
26 years$1,962$1,478$1,097$805$584$155
27 years$1,869$1,391$1,019$737$527$131
28 years$1,783$1,310$947$675$475$111
29 years$1,703$1,236$881$619$429$94
30 years$1,628$1,167$821$568$388$80
31 years$1,559$1,104$765$522$351$67
32 years$1,494$1,044$714$479$317$57
33 years$1,433$989$667$441$287$48
34 years$1,375$937$623$406$260$41
35 years$1,321$889$582$373$235$35
36 years$1,271$844$545$344$213$30
37 years$1,223$801$510$317$193$25
38 years$1,177$762$478$292$175$21
39 years$1,134$724$447$269$159$18
40 years$1,094$689$419$248$144$15
41 years$1,055$656$393$229$131$13
42 years$1,019$625$369$211$119$11
43 years$984$595$346$195$108$9
44 years$951$567$325$180$98$8
45 years$919$541$305$166$89$7
46 years$889$516$287$154$81$6
47 years$860$492$269$142$73$5
48 years$833$470$253$131$66$4
49 years$806$449$238$121$60$3
50 years$781$429$224$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $800,000, adding $2,569 every year, while hoping to spend $36,606 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: 48/47/5 Blend
52$800,000$800,000$800,000$800,000
53$884,250$841,850$829,450$925,457
54$935,495$844,152$818,288$956,186
55$990,740$845,340$805,525$985,425
56$1,050,355$845,321$791,069$1,016,295
57$1,114,744$843,995$774,824$1,048,958
58$1,184,356$841,258$756,688$1,083,592
59$1,259,678$836,998$736,555$1,120,397
60$1,341,251$831,097$714,315$1,159,592
61$1,429,666$823,428$689,853$1,201,424
62$1,525,576$813,860$663,046$1,246,166
63$1,629,696$802,250$633,769$1,294,120
64$1,742,814$788,449$601,890$1,345,623
65$1,865,797$772,300$567,269$1,401,048
66$1,999,599$753,633$529,763$1,460,810
67$2,145,268$732,271$489,221$1,525,367
68$2,303,960$708,027$445,484$1,595,231
69$2,476,944$680,700$398,388$1,670,965
70$2,665,619$650,082$347,761$1,753,199
71$2,871,524$615,947$293,422$1,842,625
72$3,096,352$578,061$235,185$1,940,015
73$3,341,969$536,175$172,853$2,046,223
74$3,610,427$490,025$106,220$2,162,192
75$3,903,986$439,332$35,075$2,288,972
76$4,225,136$383,802$0$2,427,721
77$4,576,615$323,124$0$2,581,904
78$4,961,441$256,969$0$2,752,900
79$5,382,937$184,989$0$2,940,423
80$5,844,762$106,818$0$3,146,228
81$6,350,945$22,070$0$3,372,255
82$6,905,924$0$0$3,620,651
83$7,514,587$0$0$3,929,818
84$8,182,318$0$0$4,281,600
85$8,915,046$0$0$4,667,719
86$9,719,304$0$0$5,091,628
87$10,602,287$0$0$5,557,131
88$11,571,919$0$0$6,068,420
89$12,636,933$0$0$6,630,110
90$13,806,945$0$0$7,247,289
91$15,092,551$0$0$7,925,558
92$16,505,424$0$0$8,671,091
93$18,058,423$0$0$9,490,687
94$19,765,715$0$0$10,391,839
95$21,642,909$0$0$11,382,802
96$23,707,202$0$0$12,472,669
97$25,977,539$0$0$13,671,460
98$28,474,794$0$0$14,990,216
99$31,221,968$0$0$16,441,098
100$34,244,399$0$0$18,037,511