Can I retire at age 53 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$66,146$65,557$64,982$64,421$63,873$61,656
2 years$32,745$32,136$31,545$30,972$30,416$28,205
3 years$21,613$21,001$20,411$19,844$19,297$17,162
4 years$16,049$15,438$14,854$14,296$13,763$11,720
5 years$12,710$12,104$11,528$10,981$10,462$8,517
6 years$10,486$9,883$9,316$8,782$8,278$6,432
7 years$8,897$8,300$7,742$7,220$6,733$4,985
8 years$7,707$7,115$6,565$6,056$5,585$3,935
9 years$6,781$6,195$5,655$5,159$4,704$3,148
10 years$6,041$5,460$4,930$4,447$4,008$2,545
11 years$5,436$4,861$4,340$3,870$3,447$2,074
12 years$4,932$4,363$3,852$3,395$2,987$1,700
13 years$4,506$3,943$3,441$2,997$2,605$1,401
14 years$4,141$3,584$3,092$2,660$2,283$1,159
15 years$3,825$3,274$2,792$2,373$2,010$962
16 years$3,549$3,004$2,531$2,124$1,777$801
17 years$3,305$2,766$2,303$1,909$1,575$668
18 years$3,089$2,556$2,103$1,720$1,401$558
19 years$2,896$2,369$1,925$1,554$1,249$467
20 years$2,722$2,202$1,767$1,408$1,115$391
21 years$2,565$2,051$1,625$1,278$998$328
22 years$2,423$1,914$1,498$1,162$895$275
23 years$2,293$1,790$1,383$1,058$803$231
24 years$2,174$1,677$1,279$965$722$194
25 years$2,065$1,574$1,184$881$649$163
26 years$1,964$1,479$1,098$806$585$138
27 years$1,871$1,392$1,020$737$527$116
28 years$1,785$1,312$948$676$476$97
29 years$1,705$1,238$882$620$430$82
30 years$1,630$1,169$822$569$388$69
31 years$1,561$1,105$766$522$351$58
32 years$1,496$1,046$715$480$318$49
33 years$1,434$990$668$441$287$41
34 years$1,377$938$624$406$260$35
35 years$1,323$890$583$374$236$29
36 years$1,272$845$546$344$214$25
37 years$1,224$802$511$317$194$21
38 years$1,179$763$478$292$175$18
39 years$1,136$725$448$270$159$15
40 years$1,095$690$420$249$144$12
41 years$1,056$657$394$229$131$11
42 years$1,020$625$369$212$119$9
43 years$985$596$347$195$108$7
44 years$952$568$325$180$98$6
45 years$920$542$305$167$89$5
46 years$890$517$287$154$81$4
47 years$861$493$270$142$73$4
48 years$834$471$253$131$67$3
49 years$807$450$238$121$60$3
50 years$782$429$224$112$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $801,000, adding $2,508 every year, while hoping to spend $49,065 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: 27/50/23 Blend
52$801,000$801,000$801,000$801,000
53$885,289$842,836$830,421$902,717
54$923,384$831,930$806,035$905,808
55$963,720$818,846$779,188$904,664
56$1,006,474$803,423$749,745$902,398
57$1,051,839$785,496$717,566$898,949
58$1,100,026$764,885$682,505$894,250
59$1,151,267$741,403$644,407$888,235
60$1,205,815$714,850$603,113$880,837
61$1,263,945$685,015$558,455$871,987
62$1,325,962$651,675$510,257$861,618
63$1,392,196$614,594$458,337$849,661
64$1,463,013$573,521$402,504$836,047
65$1,538,811$528,194$342,558$820,710
66$1,620,027$478,333$278,291$803,585
67$1,707,141$423,643$209,485$784,607
68$1,800,679$363,811$135,913$763,715
69$1,901,220$298,510$57,338$740,854
70$2,009,398$227,390$0$715,969
71$2,125,909$150,084$0$695,522
72$2,251,518$66,205$0$688,405
73$2,387,065$0$0$680,566
74$2,533,473$0$0$685,620
75$2,691,757$0$0$730,568
76$2,863,032$0$0$779,314
77$3,048,524$0$0$832,219
78$3,249,580$0$0$889,684
79$3,467,682$0$0$952,147
80$3,704,460$0$0$1,020,089
81$3,961,706$0$0$1,094,043
82$4,241,392$0$0$1,174,592
83$4,545,687$0$0$1,262,379
84$4,876,977$0$0$1,358,112
85$5,237,890$0$0$1,462,569
86$5,631,315$0$0$1,576,607
87$6,060,433$0$0$1,701,170
88$6,528,744$0$0$1,837,297
89$7,040,103$0$0$1,986,131
90$7,598,752$0$0$2,148,931
91$8,209,360$0$0$2,327,083
92$8,877,070$0$0$2,522,115
93$9,607,542$0$0$2,735,706
94$10,407,011$0$0$2,969,707
95$11,282,339$0$0$3,226,158
96$12,241,086$0$0$3,507,304
97$13,291,576$0$0$3,815,617
98$14,442,975$0$0$4,153,821
99$15,705,380$0$0$4,524,916
100$17,089,911$0$0$4,932,205