Can I retire at age 53 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$66,806$66,211$65,631$65,064$64,511$62,025
2 years$33,073$32,457$31,860$31,281$30,719$28,244
3 years$21,829$21,211$20,615$20,042$19,490$17,104
4 years$16,209$15,592$15,003$14,439$13,900$11,621
5 years$12,837$12,224$11,643$11,091$10,567$8,401
6 years$10,591$9,982$9,409$8,869$8,361$6,309
7 years$8,986$8,383$7,819$7,292$6,800$4,862
8 years$7,784$7,186$6,631$6,117$5,641$3,815
9 years$6,849$6,257$5,711$5,210$4,751$3,034
10 years$6,101$5,515$4,979$4,491$4,048$2,437
11 years$5,490$4,910$4,384$3,909$3,481$1,973
12 years$4,981$4,407$3,890$3,429$3,017$1,607
13 years$4,551$3,982$3,476$3,027$2,631$1,315
14 years$4,182$3,620$3,123$2,687$2,306$1,080
15 years$3,863$3,307$2,820$2,396$2,030$890
16 years$3,584$3,034$2,556$2,146$1,794$736
17 years$3,338$2,794$2,326$1,928$1,591$609
18 years$3,120$2,582$2,124$1,737$1,415$505
19 years$2,925$2,393$1,944$1,570$1,261$419
20 years$2,750$2,223$1,784$1,422$1,126$349
21 years$2,591$2,071$1,641$1,290$1,008$290
22 years$2,447$1,933$1,512$1,173$903$242
23 years$2,316$1,808$1,397$1,068$811$201
24 years$2,196$1,694$1,292$975$729$168
25 years$2,086$1,590$1,196$890$656$140
26 years$1,984$1,494$1,109$814$591$117
27 years$1,890$1,406$1,030$745$533$98
28 years$1,803$1,325$958$682$481$82
29 years$1,722$1,250$891$626$434$68
30 years$1,647$1,181$830$574$392$57
31 years$1,576$1,116$774$527$355$48
32 years$1,511$1,056$722$485$321$40
33 years$1,449$1,000$674$446$290$33
34 years$1,391$948$630$410$263$28
35 years$1,336$899$589$378$238$23
36 years$1,285$853$551$348$216$19
37 years$1,236$810$516$320$195$16
38 years$1,191$770$483$295$177$14
39 years$1,147$732$452$272$161$11
40 years$1,106$697$424$251$146$9
41 years$1,067$663$398$232$132$8
42 years$1,030$632$373$214$120$7
43 years$995$602$350$197$109$6
44 years$961$574$329$182$99$5
45 years$929$547$308$168$90$4
46 years$899$522$290$155$81$3
47 years$870$498$272$144$74$3
48 years$842$475$256$133$67$2
49 years$815$454$240$123$61$2
50 years$790$434$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 $809,000, adding $5,257 every year, while hoping to spend $29,691 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: 50/35/15 Blend
52$809,000$809,000$809,000$809,000
53$896,941$854,064$841,524$937,844
54$956,838$864,322$838,124$976,795
55$1,021,849$874,087$833,615$1,015,576
56$1,092,465$883,305$827,929$1,057,063
57$1,169,225$891,916$820,993$1,101,521
58$1,252,722$899,856$812,733$1,149,243
59$1,343,610$907,059$803,069$1,200,551
60$1,442,606$913,453$791,920$1,255,802
61$1,550,501$918,961$779,199$1,315,390
62$1,668,165$923,503$764,815$1,379,751
63$1,796,555$926,992$748,673$1,449,366
64$1,936,726$929,337$730,676$1,524,767
65$2,089,837$930,439$710,719$1,606,542
66$2,257,166$930,196$688,693$1,695,339
67$2,440,118$928,497$664,486$1,791,875
68$2,640,243$925,226$637,978$1,896,942
69$2,859,244$920,258$609,047$2,011,414
70$3,098,998$913,462$577,561$2,136,259
71$3,361,573$904,699$543,386$2,272,542
72$3,649,244$893,820$506,381$2,421,441
73$3,964,519$880,670$466,397$2,584,258
74$4,310,158$865,080$423,279$2,762,429
75$4,689,202$846,877$376,867$2,957,539
76$5,105,000$825,873$326,991$3,171,339
77$5,561,240$801,871$273,475$3,405,763
78$6,061,986$774,662$216,136$3,662,944
79$6,611,713$744,026$154,782$3,945,238
80$7,215,352$709,727$89,211$4,255,243
81$7,878,333$671,519$19,214$4,595,829
82$8,606,639$629,139$0$4,970,163
83$9,406,861$582,312$0$5,390,620
84$10,286,260$530,744$0$5,856,035
85$11,252,834$474,125$0$6,367,624
86$12,315,395$412,130$0$6,930,121
87$13,483,654$344,413$0$7,548,749
88$14,768,305$270,608$0$8,229,268
89$16,181,135$190,330$0$8,978,029
90$17,735,126$103,172$0$9,802,037
91$19,444,586$8,704$0$10,709,017
92$21,325,275$0$0$11,707,485
93$23,394,561$0$0$12,842,858
94$25,671,579$0$0$14,095,997
95$28,177,412$0$0$15,475,166
96$30,935,290$0$0$16,993,163
97$33,970,812$0$0$18,664,092
98$37,312,180$0$0$20,503,490
99$40,990,473$0$0$22,528,481
100$45,039,934$0$0$24,757,930