Can I retire at age 53 with 802,000?

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 $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%12.9%
1 years$66,228$65,638$65,063$64,501$63,953$63,180
2 years$32,786$32,176$31,584$31,010$30,454$29,676
3 years$21,640$21,027$20,437$19,869$19,321$18,562
4 years$16,069$15,457$14,873$14,314$13,780$13,046
5 years$12,726$12,119$11,542$10,995$10,475$9,769
6 years$10,499$9,896$9,328$8,792$8,289$7,610
7 years$8,909$8,310$7,751$7,229$6,741$6,091
8 years$7,716$7,124$6,574$6,064$5,592$4,971
9 years$6,789$6,202$5,662$5,165$4,710$4,116
10 years$6,048$5,467$4,936$4,452$4,013$3,447
11 years$5,443$4,867$4,346$3,875$3,451$2,912
12 years$4,938$4,368$3,857$3,399$2,991$2,478
13 years$4,511$3,948$3,446$3,001$2,608$2,121
14 years$4,146$3,588$3,096$2,664$2,286$1,825
15 years$3,830$3,278$2,795$2,376$2,013$1,576
16 years$3,553$3,008$2,534$2,127$1,779$1,366
17 years$3,309$2,770$2,306$1,911$1,577$1,187
18 years$3,093$2,559$2,105$1,722$1,402$1,034
19 years$2,900$2,372$1,927$1,556$1,250$903
20 years$2,726$2,204$1,769$1,409$1,117$790
21 years$2,569$2,053$1,627$1,279$999$692
22 years$2,426$1,917$1,499$1,163$896$607
23 years$2,296$1,793$1,384$1,059$804$533
24 years$2,177$1,679$1,280$966$723$469
25 years$2,068$1,576$1,186$882$650$412
26 years$1,967$1,481$1,100$807$586$363
27 years$1,874$1,394$1,021$738$528$320
28 years$1,787$1,314$949$677$477$282
29 years$1,707$1,239$884$620$430$249
30 years$1,633$1,170$823$569$389$220
31 years$1,563$1,106$767$523$351$194
32 years$1,497$1,047$716$481$318$171
33 years$1,436$991$668$442$288$151
34 years$1,379$940$625$407$261$134
35 years$1,325$891$584$374$236$118
36 years$1,274$846$546$345$214$105
37 years$1,226$803$511$318$194$93
38 years$1,180$764$479$293$176$82
39 years$1,137$726$449$270$159$72
40 years$1,096$691$420$249$144$64
41 years$1,058$658$394$230$131$57
42 years$1,021$626$370$212$119$50
43 years$986$597$347$196$108$44
44 years$953$569$326$181$98$39
45 years$921$542$306$167$89$35
46 years$891$517$287$154$81$31
47 years$862$494$270$142$73$27
48 years$835$471$254$132$67$24
49 years$808$450$238$122$60$21
50 years$783$430$224$112$55$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $802,000, adding $3,605 every year, while hoping to spend $21,259 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: 75/7/18 Blend
52$802,000$802,000$802,000$802,000
53$887,523$845,017$832,586$950,153
54$955,430$863,803$837,858$1,010,903
55$1,029,552$882,797$842,594$1,074,502
56$1,110,500$901,988$846,754$1,143,652
57$1,198,946$921,360$850,295$1,218,899
58$1,295,631$940,900$853,173$1,300,847
59$1,401,372$960,590$855,341$1,390,160
60$1,517,067$980,413$856,749$1,487,570
61$1,643,704$1,000,350$857,347$1,593,885
62$1,782,372$1,020,378$857,079$1,709,991
63$1,934,272$1,040,474$855,888$1,836,869
64$2,100,723$1,060,613$853,716$1,975,597
65$2,283,181$1,080,767$850,500$2,127,364
66$2,483,248$1,100,907$846,174$2,293,479
67$2,702,687$1,121,000$840,669$2,475,386
68$2,943,443$1,141,011$833,913$2,674,675
69$3,207,657$1,160,902$825,831$2,893,099
70$3,497,685$1,180,634$816,344$3,132,589
71$3,816,126$1,200,162$805,369$3,395,273
72$4,165,841$1,219,440$792,819$3,683,497
73$4,549,981$1,238,417$778,603$3,999,845
74$4,972,020$1,257,040$762,626$4,347,165
75$5,435,781$1,275,250$744,790$4,728,597
76$5,945,479$1,292,986$724,989$5,147,599
77$6,505,758$1,310,182$703,115$5,607,984
78$7,121,730$1,326,766$679,055$6,113,952
79$7,799,032$1,342,662$652,688$6,670,133
80$8,543,871$1,357,791$623,891$7,281,629
81$9,363,088$1,372,065$592,534$7,954,064
82$10,264,219$1,385,392$558,480$8,693,634
83$11,255,568$1,397,675$521,587$9,507,168
84$12,346,282$1,408,807$481,707$10,402,193
85$13,546,443$1,418,679$438,685$11,387,003
86$14,867,157$1,427,171$392,357$12,470,738
87$16,320,661$1,434,157$342,555$13,663,473
88$17,920,440$1,439,502$289,102$14,976,309
89$19,681,351$1,443,064$231,814$16,421,483
90$21,619,766$1,444,690$170,496$18,012,476
91$23,753,723$1,444,221$104,948$19,764,150
92$26,103,098$1,441,483$34,960$21,692,881
93$28,689,794$1,436,297$0$23,816,717
94$31,537,946$1,428,467$0$26,163,178
95$34,674,145$1,417,791$0$28,754,216
96$38,127,695$1,404,050$0$31,607,312
97$41,930,886$1,387,014$0$34,749,136
98$46,119,299$1,366,441$0$38,209,078
99$50,732,141$1,342,070$0$42,019,523
100$55,812,616$1,313,628$0$46,216,160