Can I retire at age 53 with 804,000?

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 $804,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$66,394$65,802$65,225$64,662$64,112$62,436
2 years$32,868$32,256$31,663$31,088$30,530$28,852
3 years$21,694$21,080$20,488$19,918$19,369$17,743
4 years$16,109$15,496$14,910$14,350$13,814$12,252
5 years$12,758$12,149$11,571$11,022$10,501$9,007
6 years$10,525$9,920$9,351$8,814$8,309$6,885
7 years$8,931$8,331$7,771$7,247$6,758$5,403
8 years$7,736$7,141$6,590$6,079$5,606$4,321
9 years$6,806$6,218$5,676$5,178$4,721$3,504
10 years$6,063$5,481$4,949$4,464$4,023$2,871
11 years$5,456$4,879$4,357$3,885$3,460$2,373
12 years$4,950$4,379$3,866$3,407$2,998$1,974
13 years$4,523$3,958$3,454$3,008$2,614$1,651
14 years$4,156$3,597$3,104$2,670$2,292$1,387
15 years$3,839$3,286$2,802$2,381$2,018$1,169
16 years$3,562$3,015$2,541$2,132$1,783$989
17 years$3,318$2,777$2,312$1,916$1,581$838
18 years$3,101$2,566$2,110$1,727$1,406$712
19 years$2,907$2,378$1,932$1,560$1,253$606
20 years$2,733$2,210$1,773$1,413$1,119$516
21 years$2,575$2,058$1,631$1,282$1,002$440
22 years$2,432$1,921$1,503$1,166$898$376
23 years$2,302$1,797$1,388$1,062$806$321
24 years$2,182$1,684$1,284$969$724$275
25 years$2,073$1,580$1,189$884$652$235
26 years$1,972$1,485$1,103$809$587$201
27 years$1,878$1,398$1,024$740$529$173
28 years$1,792$1,317$952$678$478$148
29 years$1,712$1,242$886$622$431$127
30 years$1,637$1,173$825$571$390$109
31 years$1,567$1,109$769$524$352$93
32 years$1,501$1,049$718$482$319$80
33 years$1,440$994$670$443$288$69
34 years$1,382$942$626$408$261$59
35 years$1,328$893$585$375$237$51
36 years$1,277$848$548$346$214$43
37 years$1,229$805$513$318$194$37
38 years$1,183$765$480$293$176$32
39 years$1,140$728$450$271$160$27
40 years$1,099$692$421$250$145$24
41 years$1,060$659$395$230$131$20
42 years$1,024$628$371$213$119$17
43 years$989$598$348$196$108$15
44 years$955$570$327$181$98$13
45 years$924$544$307$167$89$11
46 years$893$519$288$155$81$9
47 years$864$495$271$143$74$8
48 years$837$473$254$132$67$7
49 years$810$451$239$122$61$6
50 years$785$431$225$113$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $804,000, adding $5,302 every year, while hoping to spend $20,014 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: 62/18/20 Blend
52$804,000$804,000$804,000$804,000
53$891,477$848,865$836,403$941,829
54$961,113$869,165$843,128$996,738
55$1,037,181$889,788$849,407$1,053,956
56$1,120,316$910,730$855,205$1,115,964
57$1,211,217$931,985$860,483$1,183,232
58$1,310,654$953,545$865,202$1,256,275
59$1,419,474$975,402$869,319$1,335,663
60$1,538,610$997,547$872,791$1,422,023
61$1,669,090$1,019,968$875,572$1,516,044
62$1,812,046$1,042,655$877,612$1,618,488
63$1,968,724$1,065,594$878,861$1,730,194
64$2,140,496$1,088,771$879,265$1,852,085
65$2,328,874$1,112,168$878,768$1,985,180
66$2,535,523$1,135,768$877,311$2,130,600
67$2,762,277$1,159,551$874,831$2,289,582
68$3,011,156$1,183,496$871,265$2,463,489
69$3,284,385$1,207,579$866,544$2,653,823
70$3,584,415$1,231,773$860,596$2,862,239
71$3,913,947$1,256,052$853,347$3,090,561
72$4,275,955$1,280,383$844,720$3,340,800
73$4,673,715$1,304,735$834,630$3,615,170
74$5,110,837$1,329,070$822,994$3,916,115
75$5,591,299$1,353,351$809,720$4,246,325
76$6,119,481$1,377,535$794,716$4,608,766
77$6,700,211$1,401,576$777,881$5,006,708
78$7,338,806$1,425,427$759,114$5,443,754
79$8,041,125$1,449,035$738,306$5,923,875
80$8,813,625$1,472,342$715,344$6,451,447
81$9,663,418$1,495,290$690,111$7,031,295
82$10,598,339$1,517,812$662,482$7,668,734
83$11,627,024$1,539,839$632,330$8,369,626
84$12,758,986$1,561,297$599,518$9,140,427
85$14,004,707$1,582,105$563,907$9,988,256
86$15,375,738$1,602,179$525,348$10,920,957
87$16,884,804$1,621,426$483,688$11,947,177
88$18,545,928$1,639,750$438,765$13,076,444
89$20,374,561$1,657,046$390,412$14,319,263
90$22,387,728$1,673,204$338,454$15,687,207
91$24,604,190$1,688,104$282,706$17,193,034
92$27,044,618$1,701,622$222,977$18,850,805
93$29,731,790$1,713,622$159,067$20,676,015
94$32,690,805$1,723,962$90,768$22,685,745
95$35,949,320$1,732,489$17,862$24,898,815
96$39,537,811$1,739,041$0$27,335,973
97$43,489,861$1,743,447$0$30,032,872
98$47,842,474$1,745,524$0$33,006,818
99$52,636,428$1,745,076$0$36,281,819
100$57,916,658$1,741,899$0$39,888,536