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%12.5%
1 years$66,228$65,638$65,063$64,501$63,953$63,285
2 years$32,786$32,176$31,584$31,010$30,454$29,781
3 years$21,640$21,027$20,437$19,869$19,321$18,665
4 years$16,069$15,457$14,873$14,314$13,780$13,145
5 years$12,726$12,119$11,542$10,995$10,475$9,863
6 years$10,499$9,896$9,328$8,792$8,289$7,700
7 years$8,909$8,310$7,751$7,229$6,741$6,177
8 years$7,716$7,124$6,574$6,064$5,592$5,052
9 years$6,789$6,202$5,662$5,165$4,710$4,193
10 years$6,048$5,467$4,936$4,452$4,013$3,520
11 years$5,443$4,867$4,346$3,875$3,451$2,981
12 years$4,938$4,368$3,857$3,399$2,991$2,544
13 years$4,511$3,948$3,446$3,001$2,608$2,183
14 years$4,146$3,588$3,096$2,664$2,286$1,883
15 years$3,830$3,278$2,795$2,376$2,013$1,630
16 years$3,553$3,008$2,534$2,127$1,779$1,417
17 years$3,309$2,770$2,306$1,911$1,577$1,235
18 years$3,093$2,559$2,105$1,722$1,402$1,079
19 years$2,900$2,372$1,927$1,556$1,250$945
20 years$2,726$2,204$1,769$1,409$1,117$829
21 years$2,569$2,053$1,627$1,279$999$728
22 years$2,426$1,917$1,499$1,163$896$641
23 years$2,296$1,793$1,384$1,059$804$564
24 years$2,177$1,679$1,280$966$723$498
25 years$2,068$1,576$1,186$882$650$439
26 years$1,967$1,481$1,100$807$586$388
27 years$1,874$1,394$1,021$738$528$343
28 years$1,787$1,314$949$677$477$304
29 years$1,707$1,239$884$620$430$269
30 years$1,633$1,170$823$569$389$238
31 years$1,563$1,106$767$523$351$211
32 years$1,497$1,047$716$481$318$187
33 years$1,436$991$668$442$288$166
34 years$1,379$940$625$407$261$147
35 years$1,325$891$584$374$236$130
36 years$1,274$846$546$345$214$116
37 years$1,226$803$511$318$194$103
38 years$1,180$764$479$293$176$91
39 years$1,137$726$449$270$159$81
40 years$1,096$691$420$249$144$72
41 years$1,058$658$394$230$131$64
42 years$1,021$626$370$212$119$57
43 years$986$597$347$196$108$50
44 years$953$569$326$181$98$45
45 years$921$542$306$167$89$40
46 years$891$517$287$154$81$35
47 years$862$494$270$142$73$31
48 years$835$471$254$132$67$28
49 years$808$450$238$122$60$25
50 years$783$430$224$112$55$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $802,000, adding $4,414 every year, while hoping to spend $40,396 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: 57/23/20 Blend
52$802,000$802,000$802,000$802,000
53$888,357$845,851$833,420$934,012
54$935,988$844,317$818,359$964,066
55$987,124$841,353$801,439$992,077
56$1,042,080$836,848$782,555$1,021,713
57$1,101,200$830,682$761,599$1,053,139
58$1,164,864$822,727$738,455$1,086,539
59$1,233,489$812,850$713,002$1,122,118
60$1,307,534$800,908$685,116$1,160,103
61$1,387,500$786,750$654,665$1,200,747
62$1,473,940$770,216$621,512$1,244,330
63$1,567,462$751,137$585,512$1,291,162
64$1,668,734$729,333$546,517$1,341,590
65$1,778,488$704,614$504,370$1,395,997
66$1,897,534$676,780$458,906$1,454,806
67$2,026,758$645,618$409,955$1,518,489
68$2,167,137$610,902$357,337$1,587,569
69$2,319,744$572,396$300,867$1,662,624
70$2,485,761$529,847$240,350$1,744,295
71$2,666,488$482,989$175,581$1,833,293
72$2,863,355$431,541$106,349$1,930,405
73$3,077,937$375,206$32,431$2,036,502
74$3,311,965$313,670$0$2,152,548
75$3,567,347$246,601$0$2,289,525
76$3,846,181$173,649$0$2,446,732
77$4,150,778$94,443$0$2,618,601
78$4,483,680$8,594$0$2,806,637
79$4,847,688$0$0$3,012,497
80$5,245,886$0$0$3,259,353
81$5,681,667$0$0$3,531,957
82$6,158,769$0$0$3,830,481
83$6,681,310$0$0$4,157,510
84$7,253,822$0$0$4,515,890
85$7,881,297$0$0$4,908,756
86$8,569,234$0$0$5,339,559
87$9,323,687$0$0$5,812,103
88$10,151,327$0$0$6,330,576
89$11,059,501$0$0$6,899,591
90$12,056,298$0$0$7,524,229
91$13,150,635$0$0$8,210,088
92$14,352,328$0$0$8,963,333
93$15,672,194$0$0$9,790,758
94$17,122,149$0$0$10,699,845
95$18,715,317$0$0$11,698,837
96$20,466,161$0$0$12,796,816
97$22,390,609$0$0$14,003,787
98$24,506,214$0$0$15,330,772
99$26,832,310$0$0$16,789,916
100$29,390,203$0$0$18,394,598