Can I retire at age 53 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$66,311$65,720$65,144$64,582$64,032$62,791
2 years$32,827$32,216$31,623$31,049$30,492$29,246
3 years$21,667$21,053$20,462$19,893$19,345$18,134
4 years$16,089$15,476$14,891$14,332$13,797$12,630
5 years$12,742$12,134$11,556$11,008$10,488$9,368
6 years$10,512$9,908$9,339$8,803$8,299$7,228
7 years$8,920$8,321$7,761$7,238$6,749$5,727
8 years$7,726$7,132$6,582$6,072$5,599$4,625
9 years$6,798$6,210$5,669$5,172$4,715$3,789
10 years$6,056$5,474$4,942$4,458$4,018$3,138
11 years$5,449$4,873$4,351$3,880$3,455$2,622
12 years$4,944$4,374$3,862$3,403$2,994$2,205
13 years$4,517$3,953$3,450$3,004$2,611$1,866
14 years$4,151$3,593$3,100$2,667$2,289$1,586
15 years$3,834$3,282$2,799$2,379$2,015$1,353
16 years$3,558$3,011$2,538$2,130$1,781$1,157
17 years$3,314$2,773$2,309$1,914$1,579$993
18 years$3,097$2,563$2,108$1,724$1,404$854
19 years$2,903$2,375$1,930$1,558$1,252$736
20 years$2,729$2,207$1,771$1,411$1,118$635
21 years$2,572$2,056$1,629$1,281$1,000$549
22 years$2,429$1,919$1,501$1,165$897$475
23 years$2,299$1,795$1,386$1,061$805$411
24 years$2,180$1,682$1,282$967$724$357
25 years$2,070$1,578$1,187$883$651$309
26 years$1,969$1,483$1,101$808$586$269
27 years$1,876$1,396$1,023$739$529$233
28 years$1,790$1,315$951$677$477$203
29 years$1,709$1,241$885$621$431$176
30 years$1,635$1,172$824$570$389$153
31 years$1,565$1,108$768$524$352$133
32 years$1,499$1,048$717$481$318$116
33 years$1,438$993$669$442$288$101
34 years$1,381$941$625$407$261$88
35 years$1,326$892$585$375$236$77
36 years$1,275$847$547$345$214$67
37 years$1,227$804$512$318$194$58
38 years$1,182$764$479$293$176$51
39 years$1,139$727$449$270$160$44
40 years$1,098$692$421$249$145$38
41 years$1,059$658$395$230$131$33
42 years$1,022$627$370$212$119$29
43 years$987$597$347$196$108$25
44 years$954$569$326$181$98$22
45 years$922$543$306$167$89$19
46 years$892$518$288$154$81$17
47 years$863$494$270$143$73$15
48 years$836$472$254$132$67$13
49 years$809$451$239$122$61$11
50 years$784$430$224$113$55$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $803,000, adding $3,280 every year, while hoping to spend $26,291 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: 59/16/25 Blend
52$803,000$803,000$803,000$803,000
53$888,289$845,730$833,284$934,537
54$950,921$859,198$833,225$979,899
55$1,019,061$872,444$832,284$1,026,250
56$1,093,242$885,430$830,402$1,076,243
57$1,174,051$898,115$827,519$1,130,240
58$1,262,136$910,455$823,573$1,188,636
59$1,358,208$922,401$818,497$1,251,870
60$1,463,051$933,904$812,222$1,320,425
61$1,577,526$944,909$804,675$1,394,833
62$1,702,583$955,359$795,781$1,475,682
63$1,839,266$965,192$785,460$1,563,620
64$1,988,726$974,341$773,628$1,659,364
65$2,152,230$982,737$760,198$1,763,701
66$2,331,171$990,305$745,078$1,877,504
67$2,527,086$996,966$728,174$2,001,732
68$2,741,666$1,002,634$709,384$2,137,445
69$2,976,772$1,007,219$688,605$2,285,811
70$3,234,457$1,010,627$665,727$2,448,120
71$3,516,977$1,012,753$640,635$2,625,794
72$3,826,822$1,013,491$613,209$2,820,400
73$4,166,731$1,012,726$583,325$3,033,670
74$4,539,723$1,010,334$550,851$3,267,511
75$4,949,121$1,006,187$515,651$3,524,028
76$5,398,587$1,000,146$477,582$3,805,541
77$5,892,156$992,066$436,494$4,114,611
78$6,434,271$981,792$392,231$4,454,059
79$7,029,826$969,160$344,630$4,827,000
80$7,684,215$953,995$293,522$5,236,866
81$8,403,378$936,114$238,728$5,687,444
82$9,193,859$915,320$180,062$6,182,907
83$10,062,870$891,408$117,332$6,727,860
84$11,018,354$864,159$50,334$7,327,377
85$12,069,063$833,339$0$7,987,057
86$13,224,640$798,705$0$8,718,717
87$14,495,708$759,997$0$9,538,211
88$15,893,973$716,940$0$10,439,662
89$17,432,332$669,243$0$11,431,407
90$19,124,995$616,601$0$12,522,632
91$20,987,618$558,688$0$13,723,462
92$23,037,452$495,161$0$15,045,056
93$25,293,506$425,658$0$16,499,711
94$27,776,724$349,795$0$18,100,979
95$30,510,183$267,169$0$19,863,797
96$33,519,313$177,351$0$21,804,626
97$36,832,133$79,890$0$23,941,607
98$40,479,516$0$0$26,294,734
99$44,495,483$0$0$28,890,563
100$48,917,521$0$0$31,764,439