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%19.6%
1 years$66,889$66,293$65,712$65,145$64,591$62,101
2 years$33,113$32,497$31,899$31,319$30,757$28,279
3 years$21,856$21,237$20,641$20,067$19,514$17,125
4 years$16,229$15,611$15,021$14,457$13,917$11,636
5 years$12,853$12,240$11,657$11,104$10,580$8,411
6 years$10,604$9,994$9,421$8,880$8,371$6,317
7 years$8,997$8,393$7,829$7,301$6,808$4,868
8 years$7,793$7,195$6,639$6,125$5,648$3,820
9 years$6,857$6,264$5,718$5,217$4,756$3,038
10 years$6,109$5,522$4,985$4,497$4,053$2,440
11 years$5,497$4,916$4,389$3,914$3,486$1,975
12 years$4,987$4,412$3,895$3,433$3,020$1,609
13 years$4,556$3,987$3,480$3,031$2,634$1,317
14 years$4,187$3,624$3,127$2,690$2,309$1,082
15 years$3,868$3,311$2,823$2,399$2,033$891
16 years$3,589$3,038$2,560$2,148$1,797$737
17 years$3,342$2,797$2,329$1,930$1,593$610
18 years$3,124$2,585$2,126$1,739$1,416$506
19 years$2,929$2,396$1,946$1,572$1,263$420
20 years$2,753$2,226$1,786$1,424$1,128$349
21 years$2,594$2,074$1,643$1,292$1,009$291
22 years$2,450$1,936$1,514$1,175$905$242
23 years$2,319$1,810$1,398$1,070$812$202
24 years$2,199$1,696$1,293$976$730$168
25 years$2,088$1,592$1,198$891$657$140
26 years$1,987$1,496$1,111$815$592$117
27 years$1,892$1,408$1,031$746$533$98
28 years$1,805$1,327$959$683$481$82
29 years$1,724$1,252$892$627$435$68
30 years$1,649$1,182$831$575$393$57
31 years$1,578$1,117$775$528$355$48
32 years$1,512$1,057$723$485$321$40
33 years$1,451$1,001$675$446$291$33
34 years$1,393$949$631$411$263$28
35 years$1,338$900$590$378$238$23
36 years$1,286$854$552$348$216$19
37 years$1,238$811$516$321$196$16
38 years$1,192$771$484$296$177$14
39 years$1,149$733$453$273$161$11
40 years$1,107$698$425$251$146$9
41 years$1,068$664$398$232$132$8
42 years$1,031$632$373$214$120$7
43 years$996$603$350$198$109$6
44 years$962$574$329$183$99$5
45 years$930$548$309$169$90$4
46 years$900$523$290$156$82$3
47 years$871$499$273$144$74$3
48 years$843$476$256$133$67$2
49 years$816$455$241$123$61$2
50 years$791$434$226$114$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $810,000, adding $6,796 every year, while hoping to spend $45,185 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: 39/32/29 Blend
52$810,000$810,000$810,000$810,000
53$899,630$856,700$844,145$926,766
54$943,316$850,602$824,347$941,151
55$989,943$842,690$802,372$952,047
56$1,039,764$832,829$778,099$962,976
57$1,093,056$820,874$751,401$973,969
58$1,150,121$806,670$722,146$985,067
59$1,211,293$790,056$690,197$996,317
60$1,276,935$770,859$655,410$1,007,774
61$1,347,449$748,898$617,632$1,019,504
62$1,423,274$723,979$576,708$1,031,584
63$1,504,892$695,898$532,472$1,044,104
64$1,592,833$664,439$484,752$1,057,167
65$1,687,679$629,374$433,368$1,070,893
66$1,790,070$590,460$378,133$1,085,420
67$1,900,706$547,442$318,850$1,100,904
68$2,020,362$500,050$255,314$1,117,527
69$2,149,884$447,998$187,313$1,135,491
70$2,290,206$390,984$114,622$1,155,031
71$2,442,354$328,689$37,008$1,176,410
72$2,607,454$260,775$0$1,199,926
73$2,786,749$186,887$0$1,240,097
74$2,981,601$106,649$0$1,296,266
75$3,193,513$19,663$0$1,357,481
76$3,424,135$0$0$1,424,311
77$3,675,284$0$0$1,523,618
78$3,948,960$0$0$1,639,476
79$4,247,362$0$0$1,765,905
80$4,572,914$0$0$1,903,946
81$4,928,280$0$0$2,054,741
82$5,316,394$0$0$2,219,550
83$5,740,487$0$0$2,399,759
84$6,204,115$0$0$2,596,894
85$6,711,194$0$0$2,812,636
86$7,266,033$0$0$3,048,837
87$7,873,380$0$0$3,307,533
88$8,538,463$0$0$3,590,969
89$9,267,036$0$0$3,901,616
90$10,065,440$0$0$4,242,198
91$10,940,657$0$0$4,615,711
92$11,900,374$0$0$5,025,457
93$12,953,061$0$0$5,475,075
94$14,108,046$0$0$5,968,570
95$15,375,604$0$0$6,510,355
96$16,767,051$0$0$7,105,291
97$18,294,854$0$0$7,758,734
98$19,972,747$0$0$8,476,582
99$21,815,857$0$0$9,265,334
100$23,840,850$0$0$10,132,148