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%13.7%
1 years$66,641$66,048$65,469$64,903$64,351$63,364
2 years$32,991$32,376$31,781$31,203$30,643$29,651
3 years$21,775$21,158$20,564$19,992$19,441$18,475
4 years$16,169$15,554$14,966$14,403$13,866$12,932
5 years$12,806$12,194$11,614$11,063$10,541$9,643
6 years$10,564$9,957$9,386$8,847$8,340$7,480
7 years$8,964$8,362$7,800$7,274$6,783$5,960
8 years$7,764$7,168$6,615$6,102$5,627$4,841
9 years$6,832$6,241$5,697$5,197$4,739$3,990
10 years$6,086$5,501$4,967$4,480$4,038$3,325
11 years$5,476$4,897$4,373$3,899$3,473$2,795
12 years$4,969$4,396$3,881$3,420$3,009$2,367
13 years$4,539$3,972$3,467$3,019$2,624$2,015
14 years$4,172$3,611$3,115$2,680$2,300$1,724
15 years$3,854$3,298$2,813$2,390$2,025$1,481
16 years$3,575$3,026$2,550$2,140$1,790$1,276
17 years$3,330$2,787$2,321$1,923$1,587$1,103
18 years$3,112$2,575$2,118$1,733$1,411$955
19 years$2,918$2,387$1,939$1,566$1,258$829
20 years$2,743$2,218$1,780$1,418$1,124$721
21 years$2,585$2,066$1,637$1,287$1,005$628
22 years$2,441$1,929$1,509$1,170$901$548
23 years$2,310$1,804$1,393$1,066$809$478
24 years$2,191$1,690$1,288$972$727$418
25 years$2,081$1,586$1,193$888$654$365
26 years$1,979$1,491$1,107$812$589$320
27 years$1,885$1,403$1,028$743$531$280
28 years$1,799$1,322$955$681$479$245
29 years$1,718$1,247$889$624$433$215
30 years$1,643$1,178$828$573$391$188
31 years$1,572$1,113$772$526$354$165
32 years$1,507$1,053$720$484$320$145
33 years$1,445$998$673$445$290$127
34 years$1,387$945$628$409$262$112
35 years$1,333$897$588$377$237$98
36 years$1,282$851$550$347$215$86
37 years$1,233$808$514$320$195$76
38 years$1,188$768$482$295$177$67
39 years$1,144$731$451$272$160$58
40 years$1,103$695$423$251$145$51
41 years$1,064$662$397$231$132$45
42 years$1,027$630$372$213$120$40
43 years$992$600$349$197$109$35
44 years$959$572$328$182$99$31
45 years$927$546$308$168$90$27
46 years$897$521$289$155$81$24
47 years$868$497$272$143$74$21
48 years$840$474$255$132$67$18
49 years$813$453$240$122$61$16
50 years$788$433$225$113$55$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $807,000, adding $6,536 every year, while hoping to spend $22,700 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: 72/14/14 Blend
52$807,000$807,000$807,000$807,000
53$896,056$853,285$840,776$957,359
54$963,301$870,943$844,790$1,016,514
55$1,036,644$888,706$848,177$1,077,870
56$1,116,684$906,554$850,893$1,144,458
57$1,204,078$924,468$852,890$1,216,788
58$1,299,551$942,424$854,119$1,295,426
59$1,403,901$960,399$854,528$1,380,994
60$1,518,007$978,366$854,062$1,474,177
61$1,642,835$996,297$852,664$1,575,729
62$1,779,450$1,014,162$850,275$1,686,483
63$1,929,024$1,031,926$846,830$1,807,355
64$2,092,850$1,049,556$842,263$1,939,355
65$2,272,348$1,067,012$836,507$2,083,595
66$2,469,085$1,084,253$829,487$2,241,301
67$2,684,786$1,101,235$821,129$2,413,825
68$2,921,349$1,117,910$811,352$2,602,655
69$3,180,867$1,134,229$800,073$2,809,431
70$3,465,644$1,150,135$787,204$3,035,962
71$3,778,220$1,165,571$772,655$3,284,240
72$4,121,389$1,180,474$756,329$3,556,460
73$4,498,231$1,194,778$738,127$3,855,042
74$4,912,140$1,208,412$717,944$4,182,652
75$5,366,853$1,221,299$695,670$4,542,229
76$5,866,487$1,233,358$671,190$4,937,012
77$6,415,579$1,244,503$644,385$5,370,570
78$7,019,126$1,254,641$615,130$5,846,836
79$7,682,633$1,263,675$583,293$6,370,145
80$8,412,166$1,271,499$548,737$6,945,275
81$9,214,407$1,278,002$511,320$7,577,492
82$10,096,719$1,283,067$470,891$8,272,597
83$11,067,213$1,286,566$427,296$9,036,986
84$12,134,828$1,288,367$380,369$9,877,708
85$13,309,411$1,288,327$329,942$10,802,531
86$14,601,811$1,286,295$275,835$11,820,015
87$16,023,983$1,282,112$217,863$12,939,595
88$17,589,100$1,275,606$155,832$14,171,670
89$19,311,675$1,266,597$89,539$15,527,701
90$21,207,699$1,254,894$18,772$17,020,316
91$23,294,795$1,240,294$0$18,663,436
92$25,592,378$1,222,582$0$20,480,879
93$28,121,841$1,201,530$0$22,484,617
94$30,906,760$1,176,895$0$24,690,513
95$33,973,110$1,148,424$0$27,119,139
96$37,349,514$1,115,844$0$29,793,167
97$41,067,513$1,078,868$0$32,737,578
98$45,161,860$1,037,194$0$35,979,905
99$49,670,853$990,499$0$39,550,484
100$54,636,691$938,445$0$43,482,751