Can I retire at age 53 with 811,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$66,972$66,375$65,793$65,225$64,670$63,651
2 years$33,154$32,537$31,938$31,358$30,795$29,771
3 years$21,883$21,263$20,666$20,091$19,538$18,541
4 years$16,249$15,631$15,040$14,475$13,935$12,972
5 years$12,869$12,255$11,671$11,118$10,593$9,668
6 years$10,617$10,007$9,432$8,891$8,382$7,495
7 years$9,008$8,404$7,838$7,310$6,817$5,969
8 years$7,803$7,204$6,647$6,132$5,655$4,845
9 years$6,866$6,272$5,725$5,223$4,762$3,991
10 years$6,116$5,528$4,992$4,502$4,058$3,324
11 years$5,504$4,922$4,395$3,918$3,490$2,793
12 years$4,993$4,417$3,900$3,437$3,024$2,363
13 years$4,562$3,992$3,484$3,034$2,637$2,011
14 years$4,193$3,629$3,131$2,694$2,312$1,719
15 years$3,873$3,315$2,827$2,402$2,035$1,476
16 years$3,593$3,041$2,563$2,151$1,799$1,271
17 years$3,347$2,801$2,332$1,933$1,595$1,097
18 years$3,128$2,588$2,129$1,742$1,418$950
19 years$2,932$2,399$1,949$1,574$1,264$824
20 years$2,756$2,229$1,789$1,425$1,129$716
21 years$2,597$2,076$1,645$1,294$1,010$623
22 years$2,453$1,938$1,516$1,176$906$543
23 years$2,322$1,813$1,400$1,071$813$473
24 years$2,201$1,698$1,295$977$731$413
25 years$2,091$1,594$1,199$892$658$361
26 years$1,989$1,498$1,112$816$592$316
27 years$1,895$1,410$1,033$747$534$276
28 years$1,808$1,328$960$684$482$242
29 years$1,726$1,253$893$627$435$212
30 years$1,651$1,183$832$576$393$186
31 years$1,580$1,119$776$529$355$163
32 years$1,514$1,059$724$486$322$143
33 years$1,452$1,003$676$447$291$125
34 years$1,394$950$632$411$263$110
35 years$1,340$901$590$379$239$96
36 years$1,288$855$552$349$216$84
37 years$1,239$812$517$321$196$74
38 years$1,193$772$484$296$178$65
39 years$1,150$734$454$273$161$57
40 years$1,109$698$425$252$146$50
41 years$1,070$665$399$232$133$44
42 years$1,033$633$374$214$120$39
43 years$997$603$351$198$109$34
44 years$964$575$329$183$99$30
45 years$932$548$309$169$90$26
46 years$901$523$290$156$82$23
47 years$872$499$273$144$74$20
48 years$844$477$256$133$67$18
49 years$817$455$241$123$61$16
50 years$792$435$227$114$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $811,000, adding $3,821 every year, while hoping to spend $35,536 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: 63/32/5 Blend
52$811,000$811,000$811,000$811,000
53$897,663$854,680$842,110$953,305
54$951,415$858,750$832,511$994,900
55$1,009,458$861,827$821,399$1,035,754
56$1,072,193$863,827$808,686$1,079,423
57$1,140,060$864,658$794,280$1,126,178
58$1,213,543$864,222$778,084$1,176,317
59$1,293,172$862,417$759,998$1,230,170
60$1,379,532$859,132$739,915$1,288,100
61$1,473,267$854,252$717,724$1,350,508
62$1,575,082$847,653$693,311$1,417,839
63$1,685,757$839,204$666,553$1,490,581
64$1,806,146$828,767$637,324$1,569,277
65$1,937,190$816,194$605,492$1,654,523
66$2,079,926$801,330$570,918$1,746,979
67$2,235,492$784,009$533,458$1,847,374
68$2,405,144$764,057$492,960$1,956,512
69$2,590,262$741,289$449,268$2,075,281
70$2,792,366$715,509$402,215$2,204,663
71$3,013,128$686,509$351,630$2,345,740
72$3,254,389$654,071$297,332$2,499,708
73$3,518,178$617,962$239,134$2,667,888
74$3,806,726$577,936$176,839$2,851,735
75$4,122,492$533,734$110,242$3,052,861
76$4,468,181$485,082$39,130$3,273,039
77$4,846,774$431,690$0$3,514,231
78$5,261,553$373,251$0$3,780,562
79$5,716,133$309,441$0$4,074,814
80$6,214,493$239,919$0$4,397,545
81$6,761,019$164,322$0$4,751,680
82$7,360,538$82,270$0$5,140,441
83$8,018,371$0$0$5,567,387
84$8,740,374$0$0$6,038,781
85$9,533,002$0$0$6,588,148
86$10,403,363$0$0$7,191,452
87$11,359,288$0$0$7,854,130
88$12,409,403$0$0$8,582,169
89$13,563,210$0$0$9,382,166
90$14,831,180$0$0$10,261,388
91$16,224,844$0$0$11,227,842
92$17,756,911$0$0$12,290,347
93$19,441,378$0$0$13,458,622
94$21,293,668$0$0$14,743,372
95$23,330,773$0$0$16,156,394
96$25,571,416$0$0$17,710,684
97$28,036,223$0$0$19,420,562
98$30,747,921$0$0$21,301,803
99$33,731,550$0$0$23,371,792
100$37,014,700$0$0$25,649,682