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%13.2%
1 years$66,972$66,375$65,793$65,225$64,670$63,809
2 years$33,154$32,537$31,938$31,358$30,795$29,929
3 years$21,883$21,263$20,666$20,091$19,538$18,694
4 years$16,249$15,631$15,040$14,475$13,935$13,119
5 years$12,869$12,255$11,671$11,118$10,593$9,808
6 years$10,617$10,007$9,432$8,891$8,382$7,628
7 years$9,008$8,404$7,838$7,310$6,817$6,095
8 years$7,803$7,204$6,647$6,132$5,655$4,965
9 years$6,866$6,272$5,725$5,223$4,762$4,104
10 years$6,116$5,528$4,992$4,502$4,058$3,431
11 years$5,504$4,922$4,395$3,918$3,490$2,893
12 years$4,993$4,417$3,900$3,437$3,024$2,457
13 years$4,562$3,992$3,484$3,034$2,637$2,099
14 years$4,193$3,629$3,131$2,694$2,312$1,802
15 years$3,873$3,315$2,827$2,402$2,035$1,553
16 years$3,593$3,041$2,563$2,151$1,799$1,343
17 years$3,347$2,801$2,332$1,933$1,595$1,165
18 years$3,128$2,588$2,129$1,742$1,418$1,013
19 years$2,932$2,399$1,949$1,574$1,264$882
20 years$2,756$2,229$1,789$1,425$1,129$770
21 years$2,597$2,076$1,645$1,294$1,010$673
22 years$2,453$1,938$1,516$1,176$906$589
23 years$2,322$1,813$1,400$1,071$813$516
24 years$2,201$1,698$1,295$977$731$453
25 years$2,091$1,594$1,199$892$658$397
26 years$1,989$1,498$1,112$816$592$349
27 years$1,895$1,410$1,033$747$534$307
28 years$1,808$1,328$960$684$482$270
29 years$1,726$1,253$893$627$435$238
30 years$1,651$1,183$832$576$393$209
31 years$1,580$1,119$776$529$355$184
32 years$1,514$1,059$724$486$322$162
33 years$1,452$1,003$676$447$291$143
34 years$1,394$950$632$411$263$126
35 years$1,340$901$590$379$239$111
36 years$1,288$855$552$349$216$98
37 years$1,239$812$517$321$196$87
38 years$1,193$772$484$296$178$76
39 years$1,150$734$454$273$161$67
40 years$1,109$698$425$252$146$60
41 years$1,070$665$399$232$133$53
42 years$1,033$633$374$214$120$46
43 years$997$603$351$198$109$41
44 years$964$575$329$183$99$36
45 years$932$548$309$169$90$32
46 years$901$523$290$156$82$28
47 years$872$499$273$144$74$25
48 years$844$477$256$133$67$22
49 years$817$455$241$123$61$19
50 years$792$435$227$114$56$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $811,000, adding $2,064 every year, while hoping to spend $44,573 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: 63/19/18 Blend
52$811,000$811,000$811,000$811,000
53$895,851$852,868$840,298$948,090
54$939,802$847,233$821,022$977,839
55$986,743$839,828$799,607$1,005,087
56$1,036,931$830,520$775,934$1,033,794
57$1,090,648$819,166$749,878$1,064,104
58$1,148,205$805,616$721,310$1,096,179
59$1,209,941$789,710$690,093$1,130,197
60$1,276,230$771,281$656,086$1,166,359
61$1,347,482$750,149$619,141$1,204,884
62$1,424,144$726,126$579,101$1,246,019
63$1,506,712$699,011$535,806$1,290,036
64$1,595,726$668,593$489,086$1,337,239
65$1,691,783$634,647$438,763$1,387,962
66$1,795,537$596,936$384,653$1,442,579
67$1,907,706$555,210$326,563$1,501,503
68$2,029,080$509,204$264,292$1,565,193
69$2,160,529$458,638$197,628$1,634,156
70$2,303,006$403,214$126,352$1,708,956
71$2,457,563$342,621$50,234$1,790,216
72$2,625,353$276,529$0$1,878,629
73$2,807,647$204,586$0$1,980,914
74$3,005,842$126,426$0$2,102,648
75$3,221,475$41,658$0$2,235,163
76$3,456,237$0$0$2,379,550
77$3,711,989$0$0$2,547,495
78$3,990,780$0$0$2,740,116
79$4,294,862$0$0$2,950,267
80$4,626,717$0$0$3,179,668
81$4,989,075$0$0$3,430,216
82$5,384,942$0$0$3,703,996
83$5,817,628$0$0$4,003,304
84$6,290,775$0$0$4,330,668
85$6,808,396$0$0$4,688,873
86$7,374,907$0$0$5,080,985
87$7,995,171$0$0$5,510,377
88$8,674,545$0$0$5,980,768
89$9,418,928$0$0$6,496,252
90$10,234,813$0$0$7,061,337
91$11,129,357$0$0$7,680,988
92$12,110,438$0$0$8,360,674
93$13,186,734$0$0$9,106,419
94$14,367,805$0$0$9,924,859
95$15,664,180$0$0$10,823,301
96$17,087,458$0$0$11,809,796
97$18,650,414$0$0$12,893,214
98$20,367,123$0$0$14,083,323
99$22,253,088$0$0$15,390,885
100$24,325,390$0$0$16,827,758