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%11.4%
1 years$66,394$65,802$65,225$64,662$64,112$63,735
2 years$32,868$32,256$31,663$31,088$30,530$30,149
3 years$21,694$21,080$20,488$19,918$19,369$18,997
4 years$16,109$15,496$14,910$14,350$13,814$13,453
5 years$12,758$12,149$11,571$11,022$10,501$10,153
6 years$10,525$9,920$9,351$8,814$8,309$7,974
7 years$8,931$8,331$7,771$7,247$6,758$6,435
8 years$7,736$7,141$6,590$6,079$5,606$5,296
9 years$6,806$6,218$5,676$5,178$4,721$4,424
10 years$6,063$5,481$4,949$4,464$4,023$3,739
11 years$5,456$4,879$4,357$3,885$3,460$3,188
12 years$4,950$4,379$3,866$3,407$2,998$2,739
13 years$4,523$3,958$3,454$3,008$2,614$2,367
14 years$4,156$3,597$3,104$2,670$2,292$2,056
15 years$3,839$3,286$2,802$2,381$2,018$1,794
16 years$3,562$3,015$2,541$2,132$1,783$1,571
17 years$3,318$2,777$2,312$1,916$1,581$1,380
18 years$3,101$2,566$2,110$1,727$1,406$1,215
19 years$2,907$2,378$1,932$1,560$1,253$1,072
20 years$2,733$2,210$1,773$1,413$1,119$948
21 years$2,575$2,058$1,631$1,282$1,002$840
22 years$2,432$1,921$1,503$1,166$898$745
23 years$2,302$1,797$1,388$1,062$806$662
24 years$2,182$1,684$1,284$969$724$589
25 years$2,073$1,580$1,189$884$652$524
26 years$1,972$1,485$1,103$809$587$467
27 years$1,878$1,398$1,024$740$529$416
28 years$1,792$1,317$952$678$478$372
29 years$1,712$1,242$886$622$431$332
30 years$1,637$1,173$825$571$390$297
31 years$1,567$1,109$769$524$352$265
32 years$1,501$1,049$718$482$319$237
33 years$1,440$994$670$443$288$212
34 years$1,382$942$626$408$261$190
35 years$1,328$893$585$375$237$170
36 years$1,277$848$548$346$214$152
37 years$1,229$805$513$318$194$136
38 years$1,183$765$480$293$176$122
39 years$1,140$728$450$271$160$109
40 years$1,099$692$421$250$145$98
41 years$1,060$659$395$230$131$88
42 years$1,024$628$371$213$119$79
43 years$989$598$348$196$108$71
44 years$955$570$327$181$98$63
45 years$924$544$307$167$89$57
46 years$893$519$288$155$81$51
47 years$864$495$271$143$74$46
48 years$837$473$254$132$67$41
49 years$810$451$239$122$61$37
50 years$785$431$225$113$55$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $804,000, adding $6,915 every year, while hoping to spend $43,733 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: 46/42/12 Blend
52$804,000$804,000$804,000$804,000
53$893,141$850,529$838,067$930,904
54$937,710$845,673$819,610$952,906
55$985,359$839,114$799,070$971,728
56$1,036,356$830,721$776,330$991,170
57$1,090,996$820,358$751,268$1,011,305
58$1,149,600$807,878$723,758$1,032,218
59$1,212,522$793,127$693,667$1,054,002
60$1,280,151$775,942$660,857$1,076,767
61$1,352,912$756,149$625,181$1,100,632
62$1,431,274$733,565$586,490$1,125,737
63$1,515,751$707,997$544,624$1,152,237
64$1,606,906$679,237$499,417$1,180,307
65$1,705,361$647,070$450,698$1,210,144
66$1,811,796$611,265$398,285$1,241,970
67$1,926,961$571,578$341,989$1,276,035
68$2,051,679$527,754$281,614$1,312,618
69$2,186,856$479,519$216,953$1,352,033
70$2,333,486$426,587$147,793$1,394,632
71$2,492,666$368,654$73,908$1,440,808
72$2,665,599$305,399$0$1,491,002
73$2,853,609$236,482$0$1,546,337
74$3,058,154$161,547$0$1,616,871
75$3,280,837$80,214$0$1,693,777
76$3,523,422$0$0$1,777,773
77$3,787,851$0$0$1,873,315
78$4,076,261$0$0$2,018,041
79$4,391,003$0$0$2,176,068
80$4,734,666$0$0$2,348,709
81$5,110,100$0$0$2,537,405
82$5,520,442$0$0$2,743,746
83$5,969,146$0$0$2,969,480
84$6,460,014$0$0$3,216,535
85$6,997,234$0$0$3,487,030
86$7,585,418$0$0$3,783,301
87$8,229,642$0$0$4,107,922
88$8,935,497$0$0$4,463,723
89$9,709,143$0$0$4,853,825
90$10,557,360$0$0$5,281,663
91$11,487,619$0$0$5,751,023
92$12,508,147$0$0$6,266,072
93$13,628,006$0$0$6,831,402
94$14,857,177$0$0$7,452,071
95$16,206,656$0$0$8,133,650
96$17,688,553$0$0$8,882,276
97$19,316,213$0$0$9,704,710
98$21,104,331$0$0$10,608,400
99$23,069,101$0$0$11,601,552
100$25,228,358$0$0$12,693,205