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%12.2%
1 years$66,311$65,720$65,144$64,582$64,032$63,443
2 years$32,827$32,216$31,623$31,049$30,492$29,898
3 years$21,667$21,053$20,462$19,893$19,345$18,765
4 years$16,089$15,476$14,891$14,332$13,797$13,236
5 years$12,742$12,134$11,556$11,008$10,488$9,947
6 years$10,512$9,908$9,339$8,803$8,299$7,778
7 years$8,920$8,321$7,761$7,238$6,749$6,250
8 years$7,726$7,132$6,582$6,072$5,599$5,121
9 years$6,798$6,210$5,669$5,172$4,715$4,258
10 years$6,056$5,474$4,942$4,458$4,018$3,580
11 years$5,449$4,873$4,351$3,880$3,455$3,038
12 years$4,944$4,374$3,862$3,403$2,994$2,597
13 years$4,517$3,953$3,450$3,004$2,611$2,233
14 years$4,151$3,593$3,100$2,667$2,289$1,930
15 years$3,834$3,282$2,799$2,379$2,015$1,675
16 years$3,558$3,011$2,538$2,130$1,781$1,458
17 years$3,314$2,773$2,309$1,914$1,579$1,274
18 years$3,097$2,563$2,108$1,724$1,404$1,115
19 years$2,903$2,375$1,930$1,558$1,252$979
20 years$2,729$2,207$1,771$1,411$1,118$860
21 years$2,572$2,056$1,629$1,281$1,000$758
22 years$2,429$1,919$1,501$1,165$897$668
23 years$2,299$1,795$1,386$1,061$805$590
24 years$2,180$1,682$1,282$967$724$521
25 years$2,070$1,578$1,187$883$651$461
26 years$1,969$1,483$1,101$808$586$409
27 years$1,876$1,396$1,023$739$529$362
28 years$1,790$1,315$951$677$477$321
29 years$1,709$1,241$885$621$431$285
30 years$1,635$1,172$824$570$389$253
31 years$1,565$1,108$768$524$352$225
32 years$1,499$1,048$717$481$318$200
33 years$1,438$993$669$442$288$177
34 years$1,381$941$625$407$261$158
35 years$1,326$892$585$375$236$140
36 years$1,275$847$547$345$214$125
37 years$1,227$804$512$318$194$111
38 years$1,182$764$479$293$176$99
39 years$1,139$727$449$270$160$88
40 years$1,098$692$421$249$145$78
41 years$1,059$658$395$230$131$70
42 years$1,022$627$370$212$119$62
43 years$987$597$347$196$108$55
44 years$954$569$326$181$98$49
45 years$922$543$306$167$89$44
46 years$892$518$288$154$81$39
47 years$863$494$270$143$73$35
48 years$836$472$254$132$67$31
49 years$809$451$239$122$61$28
50 years$784$430$224$113$55$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $803,000, adding $5,275 every year, while hoping to spend $33,853 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: 36/46/18 Blend
52$803,000$803,000$803,000$803,000
53$890,347$847,788$835,342$917,354
54$945,143$853,310$827,306$942,969
55$1,004,394$857,969$817,867$967,041
56$1,068,518$861,685$806,941$992,317
57$1,137,975$864,376$794,442$1,018,925
58$1,213,272$865,954$780,279$1,047,004
59$1,294,964$866,324$764,358$1,076,714
60$1,383,665$865,388$746,577$1,108,230
61$1,480,046$863,039$726,835$1,141,750
62$1,584,848$859,166$705,021$1,177,492
63$1,698,886$853,648$681,023$1,215,701
64$1,823,055$846,360$654,721$1,256,650
65$1,958,343$837,168$625,990$1,300,642
66$2,105,835$825,930$594,701$1,348,015
67$2,266,724$812,494$560,718$1,399,146
68$2,442,326$796,703$523,898$1,454,452
69$2,634,088$778,386$484,093$1,514,398
70$2,843,603$757,365$441,148$1,579,502
71$3,072,624$733,450$394,901$1,650,338
72$3,323,084$706,441$345,182$1,727,544
73$3,597,108$676,126$291,815$1,811,828
74$3,897,037$642,280$234,615$1,903,976
75$4,225,448$604,666$173,388$2,004,861
76$4,585,182$563,032$107,935$2,115,451
77$4,979,364$517,114$38,044$2,236,818
78$5,411,437$466,630$0$2,370,152
79$5,885,192$411,284$0$2,523,791
80$6,404,808$350,763$0$2,700,432
81$6,974,882$284,734$0$2,894,424
82$7,600,483$212,849$0$3,107,608
83$8,287,192$134,738$0$3,342,021
84$9,041,156$50,011$0$3,599,912
85$9,869,147$0$0$3,883,769
86$10,778,626$0$0$4,217,473
87$11,777,810$0$0$4,612,023
88$12,875,754$0$0$5,045,695
89$14,082,432$0$0$5,522,443
90$15,408,831$0$0$6,046,625
91$16,867,057$0$0$6,623,042
92$18,470,448$0$0$7,256,983
93$20,233,698$0$0$7,954,275
94$22,172,997$0$0$8,721,339
95$24,306,181$0$0$9,565,250
96$26,652,903$0$0$10,493,800
97$29,234,816$0$0$11,515,579
98$32,075,780$0$0$12,640,048
99$35,202,080$0$0$13,877,635
100$38,642,682$0$0$15,239,827