Can I retire at age 53 with 805,000?

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 $805,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$66,476$65,884$65,306$64,742$64,192$63,787
2 years$32,909$32,296$31,702$31,126$30,568$30,159
3 years$21,721$21,106$20,513$19,943$19,393$18,994
4 years$16,129$15,515$14,928$14,368$13,831$13,445
5 years$12,774$12,164$11,585$11,036$10,514$10,141
6 years$10,538$9,933$9,362$8,825$8,320$7,960
7 years$8,942$8,342$7,780$7,256$6,766$6,421
8 years$7,745$7,150$6,598$6,087$5,613$5,282
9 years$6,815$6,226$5,683$5,185$4,727$4,409
10 years$6,071$5,488$4,955$4,469$4,028$3,724
11 years$5,463$4,885$4,362$3,889$3,464$3,174
12 years$4,956$4,385$3,871$3,412$3,002$2,725
13 years$4,528$3,963$3,459$3,012$2,618$2,353
14 years$4,162$3,602$3,108$2,674$2,295$2,043
15 years$3,844$3,290$2,806$2,384$2,020$1,781
16 years$3,566$3,019$2,544$2,135$1,786$1,558
17 years$3,322$2,780$2,315$1,918$1,583$1,368
18 years$3,105$2,569$2,113$1,729$1,408$1,204
19 years$2,910$2,381$1,934$1,562$1,255$1,061
20 years$2,736$2,213$1,775$1,415$1,121$938
21 years$2,578$2,061$1,633$1,284$1,003$830
22 years$2,435$1,924$1,505$1,167$899$736
23 years$2,305$1,799$1,390$1,063$807$653
24 years$2,185$1,686$1,285$970$725$581
25 years$2,075$1,582$1,190$886$653$517
26 years$1,974$1,487$1,104$810$588$460
27 years$1,881$1,399$1,025$741$530$410
28 years$1,794$1,319$953$679$478$365
29 years$1,714$1,244$887$623$432$326
30 years$1,639$1,175$826$572$390$291
31 years$1,569$1,110$770$525$353$260
32 years$1,503$1,051$719$482$319$232
33 years$1,442$995$671$444$289$208
34 years$1,384$943$627$408$261$186
35 years$1,330$895$586$376$237$166
36 years$1,279$849$548$346$215$149
37 years$1,230$806$513$319$194$133
38 years$1,185$766$481$294$176$119
39 years$1,141$729$450$271$160$107
40 years$1,101$693$422$250$145$96
41 years$1,062$660$396$231$132$86
42 years$1,025$629$371$213$119$77
43 years$990$599$348$196$108$69
44 years$956$571$327$181$98$62
45 years$925$544$307$168$89$55
46 years$894$519$288$155$81$49
47 years$865$496$271$143$74$44
48 years$838$473$255$132$67$40
49 years$811$452$239$122$61$36
50 years$786$432$225$113$55$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $805,000, adding $5,966 every year, while hoping to spend $27,651 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: 48/40/12 Blend
52$805,000$805,000$805,000$805,000
53$893,264$850,599$838,121$932,909
54$954,956$862,858$836,778$973,101
55$1,022,015$874,791$834,463$1,013,360
56$1,094,957$886,352$831,114$1,056,449
57$1,174,354$897,494$826,667$1,102,642
58$1,260,831$908,165$821,055$1,152,240
59$1,355,081$918,310$814,204$1,205,578
60$1,457,861$927,870$806,043$1,263,022
61$1,570,009$936,781$796,491$1,324,979
62$1,692,445$944,978$785,468$1,391,899
63$1,826,181$952,389$772,888$1,464,276
64$1,972,333$958,938$758,662$1,542,657
65$2,132,129$964,544$742,695$1,627,646
66$2,306,921$969,121$724,890$1,719,911
67$2,498,197$972,578$705,144$1,820,188
68$2,707,596$974,817$683,349$1,929,289
69$2,936,923$975,736$659,393$2,048,112
70$3,188,166$975,223$633,160$2,177,648
71$3,463,514$973,164$604,525$2,318,991
72$3,765,376$969,433$573,361$2,473,348
73$4,096,409$963,900$539,533$2,642,051
74$4,459,537$956,425$502,902$2,826,573
75$4,857,981$946,861$463,320$3,028,537
76$5,295,288$935,050$420,635$3,249,735
77$5,775,368$920,828$374,686$3,492,144
78$6,302,524$904,017$325,306$3,757,948
79$6,881,499$884,432$272,322$4,049,555
80$7,517,517$861,874$215,550$4,369,624
81$8,216,334$836,136$154,801$4,721,086
82$8,984,289$806,995$89,875$5,107,180
83$9,828,366$774,218$20,566$5,531,474
84$10,756,262$737,557$0$5,997,910
85$11,776,453$696,750$0$6,517,671
86$12,898,280$651,519$0$7,091,968
87$14,132,032$601,572$0$7,723,488
88$15,489,049$546,598$0$8,418,096
89$16,981,821$486,270$0$9,182,262
90$18,624,112$420,243$0$10,023,122
91$20,431,086$348,149$0$10,948,543
92$22,419,452$269,604$0$11,967,201
93$24,607,620$184,198$0$13,088,663
94$27,015,874$91,501$0$14,323,478
95$29,666,566$0$0$15,683,277
96$32,584,324$0$0$17,184,822
97$35,796,283$0$0$18,882,214
98$39,332,345$0$0$20,750,993
99$43,225,459$0$0$22,808,586
100$47,511,928$0$0$25,074,194