Can I retire at age 53 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$66,559$65,966$65,387$64,823$64,272$62,041
2 years$32,950$32,336$31,741$31,165$30,606$28,381
3 years$21,748$21,132$20,539$19,968$19,417$17,269
4 years$16,149$15,534$14,947$14,386$13,849$11,793
5 years$12,790$12,179$11,599$11,049$10,528$8,570
6 years$10,551$9,945$9,374$8,836$8,330$6,472
7 years$8,953$8,352$7,790$7,265$6,775$5,016
8 years$7,755$7,159$6,606$6,094$5,620$3,959
9 years$6,823$6,233$5,690$5,191$4,733$3,168
10 years$6,079$5,494$4,961$4,475$4,033$2,561
11 years$5,470$4,891$4,367$3,894$3,468$2,087
12 years$4,963$4,390$3,876$3,416$3,006$1,711
13 years$4,534$3,967$3,463$3,016$2,621$1,410
14 years$4,167$3,606$3,111$2,677$2,297$1,166
15 years$3,849$3,294$2,809$2,387$2,023$968
16 years$3,571$3,023$2,547$2,138$1,788$806
17 years$3,326$2,784$2,318$1,921$1,585$672
18 years$3,108$2,572$2,116$1,731$1,409$561
19 years$2,914$2,384$1,937$1,564$1,256$470
20 years$2,739$2,215$1,778$1,417$1,122$394
21 years$2,581$2,063$1,635$1,286$1,004$330
22 years$2,438$1,926$1,507$1,169$900$277
23 years$2,307$1,801$1,391$1,065$808$233
24 years$2,188$1,688$1,287$971$726$196
25 years$2,078$1,584$1,192$887$654$165
26 years$1,977$1,489$1,105$811$589$138
27 years$1,883$1,401$1,026$742$531$116
28 years$1,796$1,320$954$680$479$98
29 years$1,716$1,245$888$624$432$83
30 years$1,641$1,176$827$572$391$70
31 years$1,571$1,112$771$526$353$59
32 years$1,505$1,052$719$483$320$49
33 years$1,443$996$672$444$289$42
34 years$1,386$944$628$409$262$35
35 years$1,331$896$587$376$237$30
36 years$1,280$850$549$346$215$25
37 years$1,232$807$514$319$195$21
38 years$1,186$767$481$294$177$18
39 years$1,143$730$451$271$160$15
40 years$1,102$694$423$250$145$13
41 years$1,063$661$396$231$132$11
42 years$1,026$629$372$213$120$9
43 years$991$600$349$197$108$8
44 years$958$572$327$182$98$6
45 years$926$545$307$168$89$5
46 years$895$520$289$155$81$5
47 years$866$496$271$143$74$4
48 years$839$474$255$132$67$3
49 years$812$452$240$122$61$3
50 years$787$432$225$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $806,000, adding $4,757 every year, while hoping to spend $54,712 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: 52/32/16 Blend
52$806,000$806,000$806,000$806,000
53$893,119$850,401$837,908$935,448
54$926,004$833,857$807,765$948,431
55$960,409$814,669$774,778$956,387
56$996,433$792,650$738,795$963,828
57$1,034,180$767,600$699,655$970,722
58$1,073,764$739,311$657,191$977,037
59$1,115,310$707,559$611,229$982,739
60$1,158,953$672,111$561,587$987,799
61$1,204,838$632,716$508,072$992,183
62$1,253,125$589,113$450,486$995,863
63$1,303,988$541,023$388,621$998,811
64$1,357,614$488,153$322,259$1,001,000
65$1,414,210$430,192$251,174$1,002,405
66$1,473,999$366,811$175,128$1,003,007
67$1,537,226$297,664$93,874$1,002,789
68$1,604,158$222,385$7,154$1,001,737
69$1,675,087$140,586$0$999,845
70$1,750,330$51,859$0$1,011,689
71$1,830,236$0$0$1,024,949
72$1,915,186$0$0$1,054,042
73$2,005,596$0$0$1,104,482
74$2,101,922$0$0$1,158,269
75$2,204,664$0$0$1,215,689
76$2,314,369$0$0$1,277,052
77$2,431,635$0$0$1,342,702
78$2,557,120$0$0$1,413,012
79$2,691,545$0$0$1,488,395
80$2,835,700$0$0$1,569,301
81$2,990,451$0$0$1,656,226
82$3,156,751$0$0$1,749,714
83$3,335,643$0$0$1,850,360
84$3,528,274$0$0$1,958,821
85$3,735,905$0$0$2,075,817
86$3,959,918$0$0$2,202,137
87$4,201,833$0$0$2,338,652
88$4,463,320$0$0$2,486,316
89$4,746,216$0$0$2,646,179
90$5,052,537$0$0$2,819,396
91$5,384,503$0$0$3,007,234
92$5,744,553$0$0$3,211,090
93$6,135,368$0$0$3,432,499
94$6,559,901$0$0$3,673,149
95$7,021,395$0$0$3,934,897
96$7,523,422$0$0$4,219,786
97$8,069,910$0$0$4,530,065
98$8,665,181$0$0$4,868,208
99$9,313,992$0$0$5,236,939
100$10,021,579$0$0$5,639,253