Can I retire at age 53 with 808,000?

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 $808,000?

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$66,724$66,130$65,550$64,984$64,431$62,194
2 years$33,032$32,416$31,820$31,242$30,681$28,451
3 years$21,802$21,185$20,590$20,017$19,466$17,312
4 years$16,189$15,573$14,984$14,421$13,883$11,822
5 years$12,822$12,209$11,628$11,077$10,554$8,591
6 years$10,577$9,970$9,397$8,858$8,351$6,488
7 years$8,975$8,373$7,809$7,283$6,791$5,028
8 years$7,774$7,177$6,623$6,109$5,634$3,969
9 years$6,840$6,249$5,704$5,204$4,745$3,176
10 years$6,094$5,508$4,973$4,486$4,043$2,567
11 years$5,483$4,903$4,378$3,904$3,477$2,092
12 years$4,975$4,401$3,886$3,424$3,013$1,715
13 years$4,545$3,977$3,472$3,023$2,627$1,413
14 years$4,177$3,615$3,119$2,684$2,303$1,169
15 years$3,858$3,303$2,816$2,393$2,028$970
16 years$3,580$3,030$2,553$2,143$1,792$808
17 years$3,334$2,791$2,323$1,925$1,589$674
18 years$3,116$2,579$2,121$1,735$1,413$563
19 years$2,921$2,390$1,942$1,568$1,259$471
20 years$2,746$2,221$1,782$1,420$1,125$395
21 years$2,588$2,069$1,639$1,289$1,007$331
22 years$2,444$1,931$1,511$1,172$902$278
23 years$2,313$1,806$1,395$1,067$810$233
24 years$2,193$1,692$1,290$973$728$196
25 years$2,083$1,588$1,195$889$655$165
26 years$1,982$1,492$1,108$813$590$139
27 years$1,888$1,404$1,029$744$532$117
28 years$1,801$1,323$957$682$480$98
29 years$1,720$1,249$890$625$433$83
30 years$1,645$1,179$829$574$392$70
31 years$1,574$1,115$773$527$354$59
32 years$1,509$1,055$721$484$320$49
33 years$1,447$999$673$445$290$42
34 years$1,389$947$629$410$262$35
35 years$1,335$898$588$377$238$30
36 years$1,283$852$550$347$215$25
37 years$1,235$809$515$320$195$21
38 years$1,189$769$482$295$177$18
39 years$1,146$731$452$272$160$15
40 years$1,105$696$424$251$146$13
41 years$1,066$662$397$231$132$11
42 years$1,029$631$373$214$120$9
43 years$994$601$350$197$109$8
44 years$960$573$328$182$99$6
45 years$928$546$308$168$90$5
46 years$898$521$289$155$81$5
47 years$869$497$272$143$74$4
48 years$841$475$255$133$67$3
49 years$814$453$240$123$61$3
50 years$789$433$226$113$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $808,000, adding $3,485 every year, while hoping to spend $54,610 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: 69/9/22 Blend
52$808,000$808,000$808,000$808,000
53$894,011$851,187$838,663$950,540
54$927,095$834,790$808,653$972,395
55$961,724$815,760$775,808$989,611
56$997,997$793,910$739,975$1,007,137
57$1,036,022$769,041$700,994$1,025,000
58$1,075,918$740,945$658,698$1,043,232
59$1,117,810$709,400$612,913$1,061,868
60$1,161,838$674,172$563,458$1,080,951
61$1,208,153$635,014$510,141$1,100,529
62$1,256,917$591,662$452,763$1,120,657
63$1,308,310$543,841$391,118$1,141,396
64$1,362,525$491,257$324,988$1,162,819
65$1,419,775$433,600$254,147$1,185,005
66$1,480,289$370,544$178,358$1,208,045
67$1,544,320$301,742$97,375$1,232,042
68$1,612,144$226,830$10,939$1,257,114
69$1,684,059$145,422$0$1,283,390
70$1,760,396$57,110$0$1,330,103
71$1,841,513$0$0$1,382,317
72$1,927,803$0$0$1,441,531
73$2,019,695$0$0$1,510,637
74$2,117,662$0$0$1,584,338
75$2,222,217$0$0$1,663,025
76$2,333,927$0$0$1,747,125
77$2,453,409$0$0$1,837,110
78$2,581,344$0$0$1,933,494
79$2,718,476$0$0$2,036,843
80$2,865,620$0$0$2,147,776
81$3,023,674$0$0$2,266,975
82$3,193,621$0$0$2,395,186
83$3,376,541$0$0$2,533,229
84$3,573,619$0$0$2,682,006
85$3,786,159$0$0$2,842,504
86$4,015,590$0$0$3,015,812
87$4,263,486$0$0$3,203,124
88$4,531,573$0$0$3,405,752
89$4,821,752$0$0$3,625,139
90$5,136,110$0$0$3,862,872
91$5,476,942$0$0$4,120,695
92$5,846,773$0$0$4,400,525
93$6,248,379$0$0$4,704,473
94$6,684,814$0$0$5,034,859
95$7,159,436$0$0$5,394,236
96$7,675,943$0$0$5,785,413
97$8,238,399$0$0$6,211,481
98$8,851,281$0$0$6,675,839
99$9,519,513$0$0$7,182,233
100$10,248,515$0$0$7,734,780