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%15.1%
1 years$66,641$66,048$65,469$64,903$64,351$63,001
2 years$32,991$32,376$31,781$31,203$30,643$29,289
3 years$21,775$21,158$20,564$19,992$19,441$18,125
4 years$16,169$15,554$14,966$14,403$13,866$12,598
5 years$12,806$12,194$11,614$11,063$10,541$9,325
6 years$10,564$9,957$9,386$8,847$8,340$7,179
7 years$8,964$8,362$7,800$7,274$6,783$5,675
8 years$7,764$7,168$6,615$6,102$5,627$4,573
9 years$6,832$6,241$5,697$5,197$4,739$3,737
10 years$6,086$5,501$4,967$4,480$4,038$3,088
11 years$5,476$4,897$4,373$3,899$3,473$2,573
12 years$4,969$4,396$3,881$3,420$3,009$2,159
13 years$4,539$3,972$3,467$3,019$2,624$1,821
14 years$4,172$3,611$3,115$2,680$2,300$1,544
15 years$3,854$3,298$2,813$2,390$2,025$1,313
16 years$3,575$3,026$2,550$2,140$1,790$1,121
17 years$3,330$2,787$2,321$1,923$1,587$959
18 years$3,112$2,575$2,118$1,733$1,411$822
19 years$2,918$2,387$1,939$1,566$1,258$706
20 years$2,743$2,218$1,780$1,418$1,124$608
21 years$2,585$2,066$1,637$1,287$1,005$524
22 years$2,441$1,929$1,509$1,170$901$452
23 years$2,310$1,804$1,393$1,066$809$390
24 years$2,191$1,690$1,288$972$727$337
25 years$2,081$1,586$1,193$888$654$291
26 years$1,979$1,491$1,107$812$589$252
27 years$1,885$1,403$1,028$743$531$218
28 years$1,799$1,322$955$681$479$189
29 years$1,718$1,247$889$624$433$164
30 years$1,643$1,178$828$573$391$142
31 years$1,572$1,113$772$526$354$123
32 years$1,507$1,053$720$484$320$107
33 years$1,445$998$673$445$290$93
34 years$1,387$945$628$409$262$80
35 years$1,333$897$588$377$237$70
36 years$1,282$851$550$347$215$61
37 years$1,233$808$514$320$195$53
38 years$1,188$768$482$295$177$46
39 years$1,144$731$451$272$160$40
40 years$1,103$695$423$251$145$34
41 years$1,064$662$397$231$132$30
42 years$1,027$630$372$213$120$26
43 years$992$600$349$197$109$23
44 years$959$572$328$182$99$20
45 years$927$546$308$168$90$17
46 years$897$521$289$155$81$15
47 years$868$497$272$143$74$13
48 years$840$474$255$132$67$11
49 years$813$453$240$122$61$10
50 years$788$433$225$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $807,000, adding $2,878 every year, while hoping to spend $31,450 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: 75/16/9 Blend
52$807,000$807,000$807,000$807,000
53$892,283$849,512$837,003$957,648
54$949,833$857,675$831,580$1,009,262
55$1,012,199$865,185$824,922$1,061,541
56$1,079,840$871,975$816,952$1,117,939
57$1,153,258$877,976$807,595$1,178,854
58$1,233,008$883,115$796,767$1,244,724
59$1,319,699$887,312$784,383$1,316,031
60$1,414,002$890,484$770,354$1,393,307
61$1,516,654$892,541$754,584$1,477,138
62$1,628,467$893,390$736,977$1,568,171
63$1,750,334$892,929$717,429$1,667,116
64$1,883,238$891,053$695,833$1,774,760
65$2,028,261$887,647$672,076$1,891,965
66$2,186,594$882,592$646,041$2,019,686
67$2,359,547$875,759$617,603$2,158,974
68$2,548,564$867,014$586,636$2,310,986
69$2,755,233$856,214$553,005$2,476,999
70$2,981,304$843,206$516,568$2,658,421
71$3,228,703$827,829$477,179$2,856,803
72$3,499,551$809,913$434,685$3,073,856
73$3,796,184$789,277$388,925$3,311,463
74$4,121,172$765,730$339,732$3,571,705
75$4,477,350$739,068$286,931$3,856,871
76$4,867,836$709,079$230,339$4,169,487
77$5,296,066$675,535$169,766$4,512,337
78$5,765,825$638,196$105,013$4,888,490
79$6,281,280$596,808$35,872$5,301,330
80$6,847,023$551,104$0$5,754,586
81$7,468,110$500,800$0$6,256,010
82$8,150,113$445,595$0$6,810,406
83$8,899,169$385,173$0$7,419,345
84$9,722,037$319,200$0$8,088,358
85$10,626,166$247,321$0$8,823,541
86$11,619,758$169,163$0$9,631,611
87$12,711,853$84,332$0$10,519,974
88$13,912,409$0$0$11,496,788
89$15,232,395$0$0$12,572,385
90$16,683,900$0$0$13,771,511
91$18,280,238$0$0$15,090,326
92$20,036,082$0$0$16,540,955
93$21,967,597$0$0$18,136,758
94$24,092,593$0$0$19,892,454
95$26,430,694$0$0$21,824,263
96$29,003,523$0$0$23,950,053
97$31,834,902$0$0$26,289,515
98$34,951,082$0$0$28,864,344
99$38,380,986$0$0$31,698,444
100$42,156,485$0$0$34,818,155