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%11.5%
1 years$66,972$66,375$65,793$65,225$64,670$64,263
2 years$33,154$32,537$31,938$31,358$30,795$30,384
3 years$21,883$21,263$20,666$20,091$19,538$19,136
4 years$16,249$15,631$15,040$14,475$13,935$13,545
5 years$12,869$12,255$11,671$11,118$10,593$10,217
6 years$10,617$10,007$9,432$8,891$8,382$8,019
7 years$9,008$8,404$7,838$7,310$6,817$6,468
8 years$7,803$7,204$6,647$6,132$5,655$5,321
9 years$6,866$6,272$5,725$5,223$4,762$4,442
10 years$6,116$5,528$4,992$4,502$4,058$3,751
11 years$5,504$4,922$4,395$3,918$3,490$3,197
12 years$4,993$4,417$3,900$3,437$3,024$2,745
13 years$4,562$3,992$3,484$3,034$2,637$2,371
14 years$4,193$3,629$3,131$2,694$2,312$2,058
15 years$3,873$3,315$2,827$2,402$2,035$1,794
16 years$3,593$3,041$2,563$2,151$1,799$1,570
17 years$3,347$2,801$2,332$1,933$1,595$1,378
18 years$3,128$2,588$2,129$1,742$1,418$1,213
19 years$2,932$2,399$1,949$1,574$1,264$1,069
20 years$2,756$2,229$1,789$1,425$1,129$945
21 years$2,597$2,076$1,645$1,294$1,010$836
22 years$2,453$1,938$1,516$1,176$906$742
23 years$2,322$1,813$1,400$1,071$813$658
24 years$2,201$1,698$1,295$977$731$585
25 years$2,091$1,594$1,199$892$658$520
26 years$1,989$1,498$1,112$816$592$463
27 years$1,895$1,410$1,033$747$534$413
28 years$1,808$1,328$960$684$482$368
29 years$1,726$1,253$893$627$435$329
30 years$1,651$1,183$832$576$393$293
31 years$1,580$1,119$776$529$355$262
32 years$1,514$1,059$724$486$322$234
33 years$1,452$1,003$676$447$291$209
34 years$1,394$950$632$411$263$187
35 years$1,340$901$590$379$239$167
36 years$1,288$855$552$349$216$150
37 years$1,239$812$517$321$196$134
38 years$1,193$772$484$296$178$120
39 years$1,150$734$454$273$161$107
40 years$1,109$698$425$252$146$96
41 years$1,070$665$399$232$133$86
42 years$1,033$633$374$214$120$77
43 years$997$603$351$198$109$69
44 years$964$575$329$183$99$62
45 years$932$548$309$169$90$56
46 years$901$523$290$156$82$50
47 years$872$499$273$144$74$45
48 years$844$477$256$133$67$40
49 years$817$455$241$123$61$36
50 years$792$435$227$114$56$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $811,000, adding $2,918 every year, while hoping to spend $30,396 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: 80/9/11 Blend
52$811,000$811,000$811,000$811,000
53$896,732$853,749$841,178$966,521
54$955,857$863,242$837,017$1,022,240
55$1,019,995$872,180$831,697$1,079,114
56$1,089,624$880,507$825,148$1,140,634
57$1,165,271$888,157$817,296$1,207,252
58$1,247,516$895,064$808,063$1,279,462
59$1,336,996$901,156$797,367$1,357,810
60$1,434,414$906,357$785,123$1,442,900
61$1,540,542$910,586$771,242$1,535,393
62$1,656,229$913,756$755,630$1,636,020
63$1,782,410$915,776$738,189$1,745,587
64$1,920,115$916,548$718,818$1,864,979
65$2,070,477$915,969$697,408$1,995,174
66$2,234,742$913,928$673,848$2,137,248
67$2,414,285$910,310$648,021$2,292,387
68$2,610,616$904,989$619,804$2,461,900
69$2,825,401$897,835$589,069$2,647,225
70$3,060,471$888,709$555,683$2,849,952
71$3,317,845$877,461$519,504$3,071,828
72$3,599,745$863,937$480,388$3,314,782
73$3,908,619$847,970$438,180$3,580,939
74$4,247,162$829,384$392,723$3,872,641
75$4,618,341$807,993$343,848$4,192,466
76$5,025,427$783,599$291,382$4,543,261
77$5,472,020$755,995$235,143$4,928,159
78$5,962,087$724,959$174,940$5,350,614
79$6,499,996$690,258$110,577$5,814,433
80$7,090,559$651,645$41,845$6,323,813
81$7,739,078$608,858$0$6,883,378
82$8,451,393$561,620$0$7,501,921
83$9,233,936$509,640$0$8,186,846
84$10,093,794$452,609$0$8,939,452
85$11,038,774$390,201$0$9,766,593
86$12,077,478$322,070$0$10,675,818
87$13,219,381$247,852$0$11,675,447
88$14,474,924$167,162$0$12,774,648
89$15,855,608$79,594$0$13,983,521
90$17,374,104$0$0$15,313,198
91$19,044,377$0$0$16,777,459
92$20,881,807$0$0$18,396,958
93$22,903,345$0$0$20,178,754
94$25,127,665$0$0$22,139,310
95$27,575,343$0$0$24,296,766
96$30,269,051$0$0$26,671,109
97$33,233,770$0$0$29,284,361
98$36,497,024$0$0$32,160,788
99$40,089,142$0$0$35,327,127
100$44,043,544$0$0$38,812,841