Can I retire at age 53 with 802,000?

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 $802,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$66,228$65,638$65,063$64,501$63,953$61,634
2 years$32,786$32,176$31,584$31,010$30,454$28,144
3 years$21,640$21,027$20,437$19,869$19,321$17,092
4 years$16,069$15,457$14,873$14,314$13,780$11,648
5 years$12,726$12,119$11,542$10,995$10,475$8,447
6 years$10,499$9,896$9,328$8,792$8,289$6,365
7 years$8,909$8,310$7,751$7,229$6,741$4,922
8 years$7,716$7,124$6,574$6,064$5,592$3,876
9 years$6,789$6,202$5,662$5,165$4,710$3,094
10 years$6,048$5,467$4,936$4,452$4,013$2,494
11 years$5,443$4,867$4,346$3,875$3,451$2,027
12 years$4,938$4,368$3,857$3,399$2,991$1,658
13 years$4,511$3,948$3,446$3,001$2,608$1,362
14 years$4,146$3,588$3,096$2,664$2,286$1,124
15 years$3,830$3,278$2,795$2,376$2,013$930
16 years$3,553$3,008$2,534$2,127$1,779$772
17 years$3,309$2,770$2,306$1,911$1,577$642
18 years$3,093$2,559$2,105$1,722$1,402$535
19 years$2,900$2,372$1,927$1,556$1,250$446
20 years$2,726$2,204$1,769$1,409$1,117$373
21 years$2,569$2,053$1,627$1,279$999$312
22 years$2,426$1,917$1,499$1,163$896$261
23 years$2,296$1,793$1,384$1,059$804$218
24 years$2,177$1,679$1,280$966$723$183
25 years$2,068$1,576$1,186$882$650$153
26 years$1,967$1,481$1,100$807$586$129
27 years$1,874$1,394$1,021$738$528$108
28 years$1,787$1,314$949$677$477$90
29 years$1,707$1,239$884$620$430$76
30 years$1,633$1,170$823$569$389$64
31 years$1,563$1,106$767$523$351$54
32 years$1,497$1,047$716$481$318$45
33 years$1,436$991$668$442$288$38
34 years$1,379$940$625$407$261$32
35 years$1,325$891$584$374$236$27
36 years$1,274$846$546$345$214$22
37 years$1,226$803$511$318$194$19
38 years$1,180$764$479$293$176$16
39 years$1,137$726$449$270$159$13
40 years$1,096$691$420$249$144$11
41 years$1,058$658$394$230$131$9
42 years$1,021$626$370$212$119$8
43 years$986$597$347$196$108$7
44 years$953$569$326$181$98$6
45 years$921$542$306$167$89$5
46 years$891$517$287$154$81$4
47 years$862$494$270$142$73$3
48 years$835$471$254$132$67$3
49 years$808$450$238$122$60$2
50 years$783$430$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 $802,000, adding $3,718 every year, while hoping to spend $27,506 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: 40/45/15 Blend
52$802,000$802,000$802,000$802,000
53$887,639$845,133$832,702$919,046
54$948,912$857,278$831,331$953,822
55$1,015,513$869,097$828,993$988,459
56$1,087,956$880,544$825,625$1,025,338
57$1,166,808$891,571$821,164$1,064,676
58$1,252,691$902,126$815,541$1,106,713
59$1,346,290$912,155$808,687$1,151,714
60$1,448,360$921,599$800,526$1,199,972
61$1,559,730$930,395$790,981$1,251,812
62$1,681,315$938,476$779,971$1,307,593
63$1,814,120$945,773$767,411$1,367,710
64$1,959,253$952,208$753,212$1,432,604
65$2,117,932$957,701$737,279$1,502,758
66$2,291,499$962,167$719,517$1,578,709
67$2,481,433$965,514$699,821$1,661,049
68$2,689,360$967,645$678,086$1,750,434
69$2,917,073$968,458$654,200$1,847,587
70$3,166,544$967,842$628,046$1,953,308
71$3,439,948$965,682$599,502$2,068,482
72$3,739,676$961,855$568,439$2,194,086
73$4,068,366$956,228$534,724$2,331,200
74$4,428,920$948,664$498,219$2,481,015
75$4,824,537$939,016$458,776$2,644,850
76$5,258,739$927,126$416,243$2,824,160
77$5,735,405$912,830$370,462$3,020,553
78$6,258,809$895,952$321,266$3,235,803
79$6,833,661$876,306$268,481$3,471,873
80$7,465,145$853,697$211,926$3,730,926
81$8,158,976$827,914$151,412$4,015,355
82$8,921,448$798,738$86,741$4,327,799
83$9,759,495$765,936$17,706$4,671,173
84$10,680,757$729,260$0$5,048,694
85$11,693,650$688,449$0$5,472,873
86$12,807,447$643,228$0$5,942,277
87$14,032,364$593,304$0$6,458,438
88$15,379,657$538,368$0$7,026,168
89$16,861,728$478,094$0$7,650,782
90$18,492,241$412,137$0$8,338,139
91$20,286,250$340,132$0$9,094,703
92$22,260,344$261,695$0$9,927,605
93$24,432,800$176,419$0$10,844,707
94$26,823,756$83,874$0$11,854,686
95$29,455,402$0$0$12,967,107
96$32,352,189$0$0$14,200,639
97$35,541,056$0$0$15,604,395
98$39,051,689$0$0$17,149,926
99$42,916,798$0$0$18,851,648
100$47,172,426$0$0$20,725,447