Can I retire at age 53 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$66,641$66,048$65,469$64,903$64,351$61,896
2 years$32,991$32,376$31,781$31,203$30,643$28,199
3 years$21,775$21,158$20,564$19,992$19,441$17,084
4 years$16,169$15,554$14,966$14,403$13,866$11,614
5 years$12,806$12,194$11,614$11,063$10,541$8,400
6 years$10,564$9,957$9,386$8,847$8,340$6,312
7 years$8,964$8,362$7,800$7,274$6,783$4,867
8 years$7,764$7,168$6,615$6,102$5,627$3,821
9 years$6,832$6,241$5,697$5,197$4,739$3,041
10 years$6,086$5,501$4,967$4,480$4,038$2,444
11 years$5,476$4,897$4,373$3,899$3,473$1,980
12 years$4,969$4,396$3,881$3,420$3,009$1,614
13 years$4,539$3,972$3,467$3,019$2,624$1,321
14 years$4,172$3,611$3,115$2,680$2,300$1,086
15 years$3,854$3,298$2,813$2,390$2,025$896
16 years$3,575$3,026$2,550$2,140$1,790$741
17 years$3,330$2,787$2,321$1,923$1,587$614
18 years$3,112$2,575$2,118$1,733$1,411$509
19 years$2,918$2,387$1,939$1,566$1,258$423
20 years$2,743$2,218$1,780$1,418$1,124$352
21 years$2,585$2,066$1,637$1,287$1,005$293
22 years$2,441$1,929$1,509$1,170$901$245
23 years$2,310$1,804$1,393$1,066$809$204
24 years$2,191$1,690$1,288$972$727$170
25 years$2,081$1,586$1,193$888$654$142
26 years$1,979$1,491$1,107$812$589$119
27 years$1,885$1,403$1,028$743$531$99
28 years$1,799$1,322$955$681$479$83
29 years$1,718$1,247$889$624$433$69
30 years$1,643$1,178$828$573$391$58
31 years$1,572$1,113$772$526$354$48
32 years$1,507$1,053$720$484$320$40
33 years$1,445$998$673$445$290$34
34 years$1,387$945$628$409$262$28
35 years$1,333$897$588$377$237$24
36 years$1,282$851$550$347$215$20
37 years$1,233$808$514$320$195$17
38 years$1,188$768$482$295$177$14
39 years$1,144$731$451$272$160$12
40 years$1,103$695$423$251$145$10
41 years$1,064$662$397$231$132$8
42 years$1,027$630$372$213$120$7
43 years$992$600$349$197$109$6
44 years$959$572$328$182$99$5
45 years$927$546$308$168$90$4
46 years$897$521$289$155$81$3
47 years$868$497$272$143$74$3
48 years$840$474$255$132$67$2
49 years$813$453$240$122$61$2
50 years$788$433$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 $807,000, adding $4,704 every year, while hoping to spend $33,220 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: 46/49/5 Blend
52$807,000$807,000$807,000$807,000
53$894,166$851,395$838,887$933,894
54$950,025$857,768$831,644$968,029
55$1,010,469$863,339$823,044$1,001,170
56$1,075,929$868,035$813,009$1,036,331
57$1,146,881$871,776$801,452$1,073,710
58$1,223,849$874,479$788,287$1,113,524
59$1,307,407$876,054$773,419$1,156,014
60$1,398,187$876,406$756,754$1,201,447
61$1,496,886$875,434$738,189$1,250,118
62$1,604,269$873,031$717,619$1,302,355
63$1,721,179$869,083$694,933$1,358,520
64$1,848,541$863,470$670,015$1,419,017
65$1,987,375$856,063$642,745$1,484,289
66$2,138,805$846,728$612,994$1,554,830
67$2,304,066$835,320$580,631$1,631,184
68$2,484,516$821,686$545,518$1,713,957
69$2,681,654$805,666$507,510$1,803,816
70$2,897,127$787,088$466,456$1,901,502
71$3,132,749$765,770$422,198$2,007,832
72$3,390,518$741,522$374,571$2,123,712
73$3,672,635$714,140$323,402$2,250,145
74$3,981,520$683,409$268,512$2,388,238
75$4,319,840$649,102$209,713$2,539,218
76$4,690,534$610,978$146,809$2,704,438
77$5,096,837$568,784$79,595$2,885,399
78$5,542,309$522,250$7,856$3,083,757
79$6,030,877$471,092$0$3,301,344
80$6,566,860$415,009$0$3,543,849
81$7,155,020$353,685$0$3,810,530
82$7,800,600$286,784$0$4,103,453
83$8,509,376$213,951$0$4,425,365
84$9,287,711$134,813$0$4,779,297
85$10,142,612$48,973$0$5,168,600
86$11,081,801$0$0$5,596,974
87$12,113,784$0$0$6,092,220
88$13,247,931$0$0$6,665,613
89$14,494,564$0$0$7,295,981
90$15,865,058$0$0$7,989,086
91$17,371,941$0$0$8,751,279
92$19,029,019$0$0$9,589,555
93$20,851,501$0$0$10,511,624
94$22,856,144$0$0$11,525,977
95$25,061,411$0$0$12,641,973
96$27,487,644$0$0$13,869,921
97$30,157,257$0$0$15,221,182
98$33,094,946$0$0$16,708,272
99$36,327,921$0$0$18,344,982
100$39,886,163$0$0$20,146,510