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%16.2%
1 years$66,806$66,211$65,631$65,064$64,511$62,875
2 years$33,073$32,457$31,860$31,281$30,719$29,082
3 years$21,829$21,211$20,615$20,042$19,490$17,902
4 years$16,209$15,592$15,003$14,439$13,900$12,374
5 years$12,837$12,224$11,643$11,091$10,567$9,106
6 years$10,591$9,982$9,409$8,869$8,361$6,968
7 years$8,986$8,383$7,819$7,292$6,800$5,475
8 years$7,784$7,186$6,631$6,117$5,641$4,383
9 years$6,849$6,257$5,711$5,210$4,751$3,558
10 years$6,101$5,515$4,979$4,491$4,048$2,920
11 years$5,490$4,910$4,384$3,909$3,481$2,416
12 years$4,981$4,407$3,890$3,429$3,017$2,013
13 years$4,551$3,982$3,476$3,027$2,631$1,686
14 years$4,182$3,620$3,123$2,687$2,306$1,418
15 years$3,863$3,307$2,820$2,396$2,030$1,197
16 years$3,584$3,034$2,556$2,146$1,794$1,014
17 years$3,338$2,794$2,326$1,928$1,591$860
18 years$3,120$2,582$2,124$1,737$1,415$732
19 years$2,925$2,393$1,944$1,570$1,261$624
20 years$2,750$2,223$1,784$1,422$1,126$532
21 years$2,591$2,071$1,641$1,290$1,008$455
22 years$2,447$1,933$1,512$1,173$903$389
23 years$2,316$1,808$1,397$1,068$811$333
24 years$2,196$1,694$1,292$975$729$285
25 years$2,086$1,590$1,196$890$656$244
26 years$1,984$1,494$1,109$814$591$210
27 years$1,890$1,406$1,030$745$533$180
28 years$1,803$1,325$958$682$481$154
29 years$1,722$1,250$891$626$434$133
30 years$1,647$1,181$830$574$392$114
31 years$1,576$1,116$774$527$355$98
32 years$1,511$1,056$722$485$321$84
33 years$1,449$1,000$674$446$290$72
34 years$1,391$948$630$410$263$62
35 years$1,336$899$589$378$238$53
36 years$1,285$853$551$348$216$46
37 years$1,236$810$516$320$195$40
38 years$1,191$770$483$295$177$34
39 years$1,147$732$452$272$161$29
40 years$1,106$697$424$251$146$25
41 years$1,067$663$398$232$132$22
42 years$1,030$632$373$214$120$19
43 years$995$602$350$197$109$16
44 years$961$574$329$182$99$14
45 years$929$547$308$168$90$12
46 years$899$522$290$155$81$10
47 years$870$498$272$144$74$9
48 years$842$475$256$133$67$8
49 years$815$454$240$123$61$7
50 years$790$434$226$113$55$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $809,000, adding $6,489 every year, while hoping to spend $35,499 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: 72/10/18 Blend
52$809,000$809,000$809,000$809,000
53$898,211$855,334$842,795$958,622
54$952,058$859,475$833,258$1,003,758
55$1,010,208$862,629$822,212$1,048,272
56$1,073,061$864,710$809,568$1,096,112
57$1,141,060$865,627$795,235$1,147,602
58$1,214,689$865,284$779,116$1,203,097
59$1,294,481$863,576$761,110$1,262,992
60$1,381,022$860,396$741,111$1,327,721
61$1,474,957$855,626$719,010$1,397,762
62$1,576,996$849,145$694,690$1,473,644
63$1,687,918$840,821$668,030$1,555,950
64$1,808,581$830,517$638,904$1,645,322
65$1,939,929$818,085$607,180$1,742,470
66$2,083,001$803,371$572,720$1,848,177
67$2,238,940$786,209$535,380$1,963,304
68$2,409,005$766,426$495,008$2,088,804
69$2,594,579$743,837$451,446$2,225,728
70$2,797,188$718,246$404,531$2,375,234
71$3,018,508$689,447$354,090$2,538,598
72$3,260,387$657,221$299,943$2,717,232
73$3,524,859$621,337$241,903$2,912,688
74$3,814,162$581,550$179,775$3,126,682
75$4,130,761$537,601$113,352$3,361,104
76$4,477,372$489,217$42,422$3,618,041
77$4,856,983$436,107$0$3,899,792
78$5,272,886$377,968$0$4,215,284
79$5,728,707$314,474$0$4,570,036
80$6,228,438$245,287$0$4,959,022
81$6,776,477$170,044$0$5,385,694
82$7,377,667$88,366$0$5,853,855
83$8,037,343$0$0$6,367,695
84$8,761,382$0$0$6,931,848
85$9,556,255$0$0$7,561,910
86$10,429,094$0$0$8,253,812
87$11,387,753$0$0$9,013,788
88$12,440,884$0$0$9,848,700
89$13,598,019$0$0$10,766,112
90$14,869,660$0$0$11,774,354
91$16,267,373$0$0$12,882,606
92$17,803,906$0$0$14,100,978
93$19,493,298$0$0$15,440,611
94$21,351,020$0$0$16,913,778
95$23,394,116$0$0$18,534,002
96$25,641,365$0$0$20,316,183
97$28,113,456$0$0$22,276,735
98$30,833,186$0$0$24,433,744
99$33,825,670$0$0$26,807,139
100$37,118,585$0$0$29,418,877