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%18.2%
1 years$66,476$65,884$65,306$64,742$64,192$62,063
2 years$32,909$32,296$31,702$31,126$30,568$28,443
3 years$21,721$21,106$20,513$19,943$19,393$17,340
4 years$16,129$15,515$14,928$14,368$13,831$11,865
5 years$12,774$12,164$11,585$11,036$10,514$8,641
6 years$10,538$9,933$9,362$8,825$8,320$6,540
7 years$8,942$8,342$7,780$7,256$6,766$5,080
8 years$7,745$7,150$6,598$6,087$5,613$4,020
9 years$6,815$6,226$5,683$5,185$4,727$3,224
10 years$6,071$5,488$4,955$4,469$4,028$2,613
11 years$5,463$4,885$4,362$3,889$3,464$2,134
12 years$4,956$4,385$3,871$3,412$3,002$1,755
13 years$4,528$3,963$3,459$3,012$2,618$1,450
14 years$4,162$3,602$3,108$2,674$2,295$1,203
15 years$3,844$3,290$2,806$2,384$2,020$1,001
16 years$3,566$3,019$2,544$2,135$1,786$836
17 years$3,322$2,780$2,315$1,918$1,583$699
18 years$3,105$2,569$2,113$1,729$1,408$586
19 years$2,910$2,381$1,934$1,562$1,255$492
20 years$2,736$2,213$1,775$1,415$1,121$413
21 years$2,578$2,061$1,633$1,284$1,003$348
22 years$2,435$1,924$1,505$1,167$899$293
23 years$2,305$1,799$1,390$1,063$807$247
24 years$2,185$1,686$1,285$970$725$208
25 years$2,075$1,582$1,190$886$653$175
26 years$1,974$1,487$1,104$810$588$148
27 years$1,881$1,399$1,025$741$530$125
28 years$1,794$1,319$953$679$478$106
29 years$1,714$1,244$887$623$432$89
30 years$1,639$1,175$826$572$390$75
31 years$1,569$1,110$770$525$353$64
32 years$1,503$1,051$719$482$319$54
33 years$1,442$995$671$444$289$46
34 years$1,384$943$627$408$261$38
35 years$1,330$895$586$376$237$33
36 years$1,279$849$548$346$215$28
37 years$1,230$806$513$319$194$23
38 years$1,185$766$481$294$176$20
39 years$1,141$729$450$271$160$17
40 years$1,101$693$422$250$145$14
41 years$1,062$660$396$231$132$12
42 years$1,025$629$371$213$119$10
43 years$990$599$348$196$108$9
44 years$956$571$327$181$98$7
45 years$925$544$307$168$89$6
46 years$894$519$288$155$81$5
47 years$865$496$271$143$74$4
48 years$838$473$255$132$67$4
49 years$811$452$239$122$61$3
50 years$786$432$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $805,000, adding $6,232 every year, while hoping to spend $20,349 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: 27/43/30 Blend
52$805,000$805,000$805,000$805,000
53$893,538$850,873$838,396$909,234
54$963,028$870,915$844,831$942,593
55$1,038,924$891,257$850,800$976,241
56$1,121,857$911,891$856,265$1,011,960
57$1,212,524$932,812$861,187$1,049,943
58$1,311,691$954,009$865,526$1,090,399
59$1,420,200$975,472$869,238$1,133,563
60$1,538,982$997,191$872,278$1,179,691
61$1,669,057$1,019,152$874,599$1,229,068
62$1,811,552$1,041,343$876,150$1,282,006
63$1,967,708$1,063,746$876,878$1,338,851
64$2,138,891$1,086,346$876,730$1,399,986
65$2,326,604$1,109,123$875,646$1,465,830
66$2,532,504$1,132,057$873,567$1,536,850
67$2,758,417$1,155,125$870,429$1,613,559
68$3,006,352$1,178,302$866,165$1,696,522
69$3,278,524$1,201,563$860,705$1,786,365
70$3,577,371$1,224,877$853,977$1,883,778
71$3,905,580$1,248,214$845,903$1,989,522
72$4,266,111$1,271,538$836,402$2,104,438
73$4,662,225$1,294,814$825,392$2,229,452
74$5,097,512$1,318,000$812,783$2,365,589
75$5,575,931$1,341,055$798,484$2,513,978
76$6,101,841$1,363,931$782,398$2,675,865
77$6,680,043$1,386,579$764,423$2,852,626
78$7,315,831$1,408,945$744,455$3,045,777
79$8,015,034$1,430,970$722,381$3,256,993
80$8,784,074$1,452,595$698,088$3,488,122
81$9,630,028$1,473,751$671,453$3,741,202
82$10,560,695$1,494,368$642,350$4,018,481
83$11,584,664$1,514,371$610,647$4,322,441
84$12,711,401$1,533,677$576,206$4,655,819
85$13,951,337$1,552,199$538,881$5,021,633
86$15,315,962$1,569,846$498,522$5,423,215
87$16,817,939$1,586,517$454,971$5,864,238
88$18,471,219$1,602,107$408,064$6,348,755
89$20,291,177$1,616,503$357,627$6,881,236
90$22,294,750$1,629,586$303,481$7,466,611
91$24,500,606$1,641,226$245,439$8,110,317
92$26,929,310$1,651,288$183,303$8,818,354
93$29,603,525$1,659,627$116,870$9,597,334
94$32,548,225$1,666,089$45,924$10,454,552
95$35,790,925$1,670,509$0$11,398,052
96$39,361,949$1,672,713$0$12,446,242
97$43,294,708$1,672,517$0$13,615,675
98$47,626,021$1,669,722$0$14,902,503
99$52,396,457$1,664,122$0$16,318,701
100$57,650,725$1,655,493$0$17,877,472