Can I retire at age 53 with 806,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.4%
1 years$66,559$65,966$65,387$64,823$64,272$61,844
2 years$32,950$32,336$31,741$31,165$30,606$28,188
3 years$21,748$21,132$20,539$19,968$19,417$17,086
4 years$16,149$15,534$14,947$14,386$13,849$11,621
5 years$12,790$12,179$11,599$11,049$10,528$8,409
6 years$10,551$9,945$9,374$8,836$8,330$6,323
7 years$8,953$8,352$7,790$7,265$6,775$4,878
8 years$7,755$7,159$6,606$6,094$5,620$3,832
9 years$6,823$6,233$5,690$5,191$4,733$3,051
10 years$6,079$5,494$4,961$4,475$4,033$2,454
11 years$5,470$4,891$4,367$3,894$3,468$1,989
12 years$4,963$4,390$3,876$3,416$3,006$1,622
13 years$4,534$3,967$3,463$3,016$2,621$1,329
14 years$4,167$3,606$3,111$2,677$2,297$1,094
15 years$3,849$3,294$2,809$2,387$2,023$903
16 years$3,571$3,023$2,547$2,138$1,788$747
17 years$3,326$2,784$2,318$1,921$1,585$619
18 years$3,108$2,572$2,116$1,731$1,409$514
19 years$2,914$2,384$1,937$1,564$1,256$428
20 years$2,739$2,215$1,778$1,417$1,122$356
21 years$2,581$2,063$1,635$1,286$1,004$297
22 years$2,438$1,926$1,507$1,169$900$248
23 years$2,307$1,801$1,391$1,065$808$207
24 years$2,188$1,688$1,287$971$726$173
25 years$2,078$1,584$1,192$887$654$144
26 years$1,977$1,489$1,105$811$589$121
27 years$1,883$1,401$1,026$742$531$101
28 years$1,796$1,320$954$680$479$84
29 years$1,716$1,245$888$624$432$71
30 years$1,641$1,176$827$572$391$59
31 years$1,571$1,112$771$526$353$49
32 years$1,505$1,052$719$483$320$41
33 years$1,443$996$672$444$289$35
34 years$1,386$944$628$409$262$29
35 years$1,331$896$587$376$237$24
36 years$1,280$850$549$346$215$20
37 years$1,232$807$514$319$195$17
38 years$1,186$767$481$294$177$14
39 years$1,143$730$451$271$160$12
40 years$1,102$694$423$250$145$10
41 years$1,063$661$396$231$132$8
42 years$1,026$629$372$213$120$7
43 years$991$600$349$197$108$6
44 years$958$572$327$182$98$5
45 years$926$545$307$168$89$4
46 years$895$520$289$155$81$3
47 years$866$496$271$143$74$3
48 years$839$474$255$132$67$2
49 years$812$452$240$122$61$2
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 $5,472 every year, while hoping to spend $35,839 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: 57/29/14 Blend
52$806,000$806,000$806,000$806,000
53$893,856$851,138$838,645$941,300
54$946,897$854,712$828,608$977,625
55$1,004,147$857,259$817,032$1,012,778
56$1,065,998$858,692$803,830$1,050,250
57$1,132,879$858,917$788,908$1,090,269
58$1,205,263$857,835$772,167$1,133,087
59$1,283,672$855,341$753,506$1,178,984
60$1,368,675$851,321$732,817$1,228,270
61$1,460,901$845,657$709,989$1,281,286
62$1,561,043$838,224$684,903$1,338,413
63$1,669,859$828,887$657,437$1,400,069
64$1,788,186$817,504$627,463$1,466,718
65$1,916,945$803,926$594,847$1,538,873
66$2,057,148$787,993$559,449$1,617,101
67$2,209,909$769,536$521,122$1,702,031
68$2,376,454$748,378$479,714$1,794,355
69$2,558,132$724,328$435,064$1,894,840
70$2,756,429$697,187$387,006$2,004,336
71$2,972,979$666,744$335,365$2,123,778
72$3,209,582$632,773$279,959$2,254,204
73$3,468,219$595,039$220,597$2,396,758
74$3,751,072$553,291$157,082$2,552,706
75$4,060,543$507,263$89,205$2,723,446
76$4,399,276$456,676$16,751$2,910,522
77$4,770,183$401,234$0$3,115,642
78$5,176,471$340,624$0$3,349,739
79$5,621,672$274,516$0$3,609,106
80$6,109,675$202,560$0$3,893,574
81$6,644,764$124,388$0$4,205,723
82$7,231,658$39,610$0$4,548,396
83$7,875,552$0$0$4,924,733
84$8,582,170$0$0$5,354,850
85$9,357,818$0$0$5,840,933
86$10,209,441$0$0$6,374,703
87$11,144,688$0$0$6,960,964
88$12,171,988$0$0$7,605,010
89$13,300,625$0$0$8,312,669
90$14,540,826$0$0$9,090,367
91$15,903,859$0$0$9,945,178
92$17,402,137$0$0$10,884,899
93$19,049,337$0$0$11,918,120
94$20,860,524$0$0$13,054,302
95$22,852,299$0$0$14,303,871
96$25,042,952$0$0$15,678,315
97$27,452,632$0$0$17,190,288
98$30,103,542$0$0$18,853,735
99$33,020,142$0$0$20,684,020
100$36,229,386$0$0$22,698,071