Can I retire at age 53 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$66,972$66,375$65,793$65,225$64,670$62,326
2 years$33,154$32,537$31,938$31,358$30,795$28,459
3 years$21,883$21,263$20,666$20,091$19,538$17,284
4 years$16,249$15,631$15,040$14,475$13,935$11,779
5 years$12,869$12,255$11,671$11,118$10,593$8,542
6 years$10,617$10,007$9,432$8,891$8,382$6,437
7 years$9,008$8,404$7,838$7,310$6,817$4,977
8 years$7,803$7,204$6,647$6,132$5,655$3,919
9 years$6,866$6,272$5,725$5,223$4,762$3,128
10 years$6,116$5,528$4,992$4,502$4,058$2,522
11 years$5,504$4,922$4,395$3,918$3,490$2,050
12 years$4,993$4,417$3,900$3,437$3,024$1,676
13 years$4,562$3,992$3,484$3,034$2,637$1,378
14 years$4,193$3,629$3,131$2,694$2,312$1,136
15 years$3,873$3,315$2,827$2,402$2,035$941
16 years$3,593$3,041$2,563$2,151$1,799$781
17 years$3,347$2,801$2,332$1,933$1,595$649
18 years$3,128$2,588$2,129$1,742$1,418$541
19 years$2,932$2,399$1,949$1,574$1,264$451
20 years$2,756$2,229$1,789$1,425$1,129$377
21 years$2,597$2,076$1,645$1,294$1,010$315
22 years$2,453$1,938$1,516$1,176$906$264
23 years$2,322$1,813$1,400$1,071$813$221
24 years$2,201$1,698$1,295$977$731$185
25 years$2,091$1,594$1,199$892$658$155
26 years$1,989$1,498$1,112$816$592$130
27 years$1,895$1,410$1,033$747$534$109
28 years$1,808$1,328$960$684$482$92
29 years$1,726$1,253$893$627$435$77
30 years$1,651$1,183$832$576$393$64
31 years$1,580$1,119$776$529$355$54
32 years$1,514$1,059$724$486$322$45
33 years$1,452$1,003$676$447$291$38
34 years$1,394$950$632$411$263$32
35 years$1,340$901$590$379$239$27
36 years$1,288$855$552$349$216$23
37 years$1,239$812$517$321$196$19
38 years$1,193$772$484$296$178$16
39 years$1,150$734$454$273$161$13
40 years$1,109$698$425$252$146$11
41 years$1,070$665$399$232$133$9
42 years$1,033$633$374$214$120$8
43 years$997$603$351$198$109$7
44 years$964$575$329$183$99$6
45 years$932$548$309$169$90$5
46 years$901$523$290$156$82$4
47 years$872$499$273$144$74$3
48 years$844$477$256$133$67$3
49 years$817$455$241$123$61$2
50 years$792$435$227$114$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $811,000, adding $5,737 every year, while hoping to spend $52,064 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: 48/44/8 Blend
52$811,000$811,000$811,000$811,000
53$899,640$856,657$844,086$940,628
54$936,007$843,237$816,967$955,917
55$974,339$827,415$787,195$966,556
56$1,014,781$809,018$754,626$976,896
57$1,057,492$787,863$719,108$986,923
58$1,102,644$763,756$680,486$996,627
59$1,150,426$736,492$638,595$1,005,998
60$1,201,044$705,854$593,262$1,015,033
61$1,254,723$671,614$544,309$1,023,730
62$1,311,709$633,528$491,548$1,032,091
63$1,372,272$591,339$434,783$1,040,124
64$1,436,705$544,776$373,810$1,047,842
65$1,505,331$493,552$308,415$1,055,267
66$1,578,502$437,364$238,374$1,062,426
67$1,656,605$375,891$163,456$1,069,357
68$1,740,064$308,794$83,416$1,076,107
69$1,829,341$235,715$0$1,082,736
70$1,924,946$156,277$0$1,089,488
71$2,027,436$70,081$0$1,103,889
72$2,137,424$0$0$1,118,942
73$2,255,581$0$0$1,146,074
74$2,382,645$0$0$1,211,804
75$2,519,425$0$0$1,282,627
76$2,666,809$0$0$1,359,011
77$2,825,774$0$0$1,441,471
78$2,997,393$0$0$1,530,573
79$3,182,843$0$0$1,626,938
80$3,383,420$0$0$1,731,251
81$3,600,548$0$0$1,844,262
82$3,835,792$0$0$1,966,797
83$4,090,872$0$0$2,099,766
84$4,367,681$0$0$2,244,166
85$4,668,299$0$0$2,401,097
86$4,995,017$0$0$2,571,768
87$5,350,353$0$0$2,757,509
88$5,737,077$0$0$2,959,783
89$6,158,238$0$0$3,180,201
90$6,617,191$0$0$3,420,535
91$7,117,628$0$0$3,682,736
92$7,663,611$0$0$3,968,950
93$8,259,615$0$0$4,281,541
94$8,910,562$0$0$4,623,111
95$9,621,872$0$0$4,996,524
96$10,399,513$0$0$5,404,933
97$11,250,053$0$0$5,851,811
98$12,180,727$0$0$6,340,981
99$13,199,500$0$0$6,876,654
100$14,315,142$0$0$7,463,465