Can I retire at age 53 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$66,889$66,293$65,712$65,145$64,591$64,130
2 years$33,113$32,497$31,899$31,319$30,757$30,293
3 years$21,856$21,237$20,641$20,067$19,514$19,060
4 years$16,229$15,611$15,021$14,457$13,917$13,477
5 years$12,853$12,240$11,657$11,104$10,580$10,155
6 years$10,604$9,994$9,421$8,880$8,371$7,963
7 years$8,997$8,393$7,829$7,301$6,808$6,415
8 years$7,793$7,195$6,639$6,125$5,648$5,271
9 years$6,857$6,264$5,718$5,217$4,756$4,396
10 years$6,109$5,522$4,985$4,497$4,053$3,708
11 years$5,497$4,916$4,389$3,914$3,486$3,156
12 years$4,987$4,412$3,895$3,433$3,020$2,706
13 years$4,556$3,987$3,480$3,031$2,634$2,335
14 years$4,187$3,624$3,127$2,690$2,309$2,024
15 years$3,868$3,311$2,823$2,399$2,033$1,762
16 years$3,589$3,038$2,560$2,148$1,797$1,540
17 years$3,342$2,797$2,329$1,930$1,593$1,349
18 years$3,124$2,585$2,126$1,739$1,416$1,186
19 years$2,929$2,396$1,946$1,572$1,263$1,044
20 years$2,753$2,226$1,786$1,424$1,128$921
21 years$2,594$2,074$1,643$1,292$1,009$814
22 years$2,450$1,936$1,514$1,175$905$721
23 years$2,319$1,810$1,398$1,070$812$639
24 years$2,199$1,696$1,293$976$730$567
25 years$2,088$1,592$1,198$891$657$504
26 years$1,987$1,496$1,111$815$592$448
27 years$1,892$1,408$1,031$746$533$398
28 years$1,805$1,327$959$683$481$355
29 years$1,724$1,252$892$627$435$316
30 years$1,649$1,182$831$575$393$282
31 years$1,578$1,117$775$528$355$251
32 years$1,512$1,057$723$485$321$224
33 years$1,451$1,001$675$446$291$200
34 years$1,393$949$631$411$263$179
35 years$1,338$900$590$378$238$159
36 years$1,286$854$552$348$216$142
37 years$1,238$811$516$321$196$127
38 years$1,192$771$484$296$177$114
39 years$1,149$733$453$273$161$102
40 years$1,107$698$425$251$146$91
41 years$1,068$664$398$232$132$81
42 years$1,031$632$373$214$120$73
43 years$996$603$350$198$109$65
44 years$962$574$329$183$99$58
45 years$930$548$309$169$90$52
46 years$900$523$290$156$82$47
47 years$871$499$273$144$74$42
48 years$843$476$256$133$67$37
49 years$816$455$241$123$61$33
50 years$791$434$226$114$55$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $810,000, adding $5,027 every year, while hoping to spend $43,519 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: 60/15/25 Blend
52$810,000$810,000$810,000$810,000
53$897,805$854,875$842,320$945,379
54$943,078$850,460$824,234$973,906
55$991,509$844,370$804,084$999,877
56$1,043,376$836,478$781,753$1,027,275
57$1,098,982$826,646$757,123$1,056,250
58$1,158,658$814,732$730,067$1,086,966
59$1,222,770$800,583$700,454$1,119,607
60$1,291,719$784,038$668,145$1,154,375
61$1,365,943$764,924$632,997$1,191,498
62$1,445,926$743,063$594,859$1,231,229
63$1,532,198$718,260$553,574$1,273,846
64$1,625,341$690,314$508,978$1,319,661
65$1,725,996$659,010$460,899$1,369,019
66$1,834,867$624,120$409,158$1,422,303
67$1,952,726$585,404$353,567$1,479,939
68$2,080,423$542,609$293,931$1,542,398
69$2,218,894$495,465$230,046$1,610,204
70$2,369,167$443,688$161,698$1,683,937
71$2,532,372$386,978$88,665$1,764,239
72$2,709,752$325,019$10,713$1,851,823
73$2,902,677$257,474$0$1,947,479
74$3,112,650$183,991$0$2,071,412
75$3,341,328$104,194$0$2,209,566
76$3,590,534$17,690$0$2,360,222
77$3,862,274$0$0$2,524,640
78$4,158,754$0$0$2,716,745
79$4,482,405$0$0$2,929,702
80$4,835,901$0$0$3,162,361
81$5,222,186$0$0$3,416,666
82$5,644,504$0$0$3,694,761
83$6,106,421$0$0$3,999,003
84$6,611,869$0$0$4,331,990
85$7,165,174$0$0$4,696,583
86$7,771,102$0$0$5,095,930
87$8,434,899$0$0$5,533,499
88$9,162,344$0$0$6,013,111
89$9,959,803$0$0$6,538,972
90$10,834,283$0$0$7,115,715
91$11,793,505$0$0$7,748,444
92$12,845,973$0$0$8,442,779
93$14,001,054$0$0$9,204,912
94$15,269,063$0$0$10,041,663
95$16,661,366$0$0$10,960,545
96$18,190,482$0$0$11,969,834
97$19,870,202$0$0$13,078,647
98$21,715,718$0$0$14,297,028
99$23,743,769$0$0$15,636,040
100$25,972,791$0$0$17,107,874