Can I retire at age 53 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$67,054$66,457$65,874$65,305$64,750$63,133
2 years$33,195$32,577$31,978$31,397$30,833$29,215
3 years$21,910$21,289$20,692$20,116$19,562$17,992
4 years$16,269$15,650$15,058$14,493$13,952$12,443
5 years$12,885$12,270$11,686$11,132$10,606$9,162
6 years$10,630$10,019$9,444$8,902$8,392$7,015
7 years$9,020$8,414$7,848$7,319$6,825$5,514
8 years$7,812$7,212$6,656$6,140$5,662$4,417
9 years$6,874$6,280$5,733$5,230$4,768$3,588
10 years$6,124$5,535$4,998$4,508$4,063$2,947
11 years$5,510$4,928$4,400$3,923$3,494$2,440
12 years$5,000$4,423$3,905$3,441$3,028$2,034
13 years$4,568$3,997$3,489$3,038$2,640$1,704
14 years$4,198$3,633$3,135$2,697$2,315$1,435
15 years$3,877$3,319$2,830$2,405$2,038$1,212
16 years$3,597$3,045$2,566$2,154$1,801$1,027
17 years$3,351$2,804$2,335$1,935$1,597$872
18 years$3,132$2,591$2,131$1,744$1,420$743
19 years$2,936$2,402$1,951$1,576$1,266$633
20 years$2,760$2,232$1,791$1,427$1,131$541
21 years$2,601$2,079$1,647$1,295$1,012$462
22 years$2,456$1,940$1,518$1,178$907$396
23 years$2,325$1,815$1,402$1,072$814$339
24 years$2,204$1,700$1,296$978$732$291
25 years$2,093$1,596$1,201$893$658$249
26 years$1,991$1,500$1,114$817$593$214
27 years$1,897$1,411$1,034$748$535$184
28 years$1,810$1,330$961$685$482$158
29 years$1,729$1,255$895$628$436$136
30 years$1,653$1,185$833$576$394$117
31 years$1,582$1,120$777$529$356$100
32 years$1,516$1,060$725$487$322$86
33 years$1,454$1,004$677$447$291$74
34 years$1,396$951$632$412$264$64
35 years$1,341$902$591$379$239$55
36 years$1,290$856$553$349$216$47
37 years$1,241$813$518$322$196$41
38 years$1,195$773$485$296$178$35
39 years$1,151$735$454$273$161$30
40 years$1,110$699$426$252$146$26
41 years$1,071$666$399$233$133$22
42 years$1,034$634$374$215$120$19
43 years$998$604$351$198$109$17
44 years$965$576$330$183$99$14
45 years$933$549$310$169$90$12
46 years$902$524$291$156$82$11
47 years$873$500$273$144$74$9
48 years$845$477$257$133$67$8
49 years$818$456$241$123$61$7
50 years$793$435$227$114$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $812,000, adding $6,112 every year, while hoping to spend $26,864 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: 63/31/6 Blend
52$812,000$812,000$812,000$812,000
53$901,129$858,093$845,507$956,577
54$964,461$871,556$845,248$1,007,750
55$1,033,352$884,779$844,080$1,059,879
56$1,108,342$897,721$841,945$1,116,094
57$1,190,022$910,339$838,780$1,176,786
58$1,279,046$922,587$834,521$1,242,391
59$1,376,132$934,416$829,099$1,313,387
60$1,482,068$945,774$822,445$1,390,301
61$1,597,725$956,603$814,484$1,473,714
62$1,724,061$966,844$805,137$1,564,265
63$1,862,129$976,434$794,323$1,662,662
64$2,013,090$985,303$781,956$1,769,683
65$2,178,221$993,378$767,947$1,886,184
66$2,358,929$1,000,583$752,203$2,013,112
67$2,556,763$1,006,835$734,625$2,151,510
68$2,773,429$1,012,046$715,111$2,302,526
69$3,010,804$1,016,121$693,552$2,467,428
70$3,270,958$1,018,963$669,838$2,647,613
71$3,556,169$1,020,466$643,851$2,844,621
72$3,868,946$1,020,516$615,468$3,060,150
73$4,212,053$1,018,996$584,560$3,296,073
74$4,588,533$1,015,778$550,994$3,554,452
75$5,001,740$1,010,728$514,630$3,837,565
76$5,455,368$1,003,704$475,320$4,147,919
77$5,953,484$994,554$432,912$4,488,281
78$6,500,571$983,118$387,245$4,861,701
79$7,101,565$969,227$338,154$5,271,540
80$7,761,906$952,700$285,463$5,721,506
81$8,487,585$933,347$228,991$6,215,684
82$9,285,202$910,965$168,546$6,758,582
83$10,162,032$885,341$103,931$7,355,164
84$11,126,084$856,248$34,938$8,010,909
85$12,186,187$823,446$0$8,731,852
86$13,352,066$786,683$0$9,527,126
87$14,634,435$745,689$0$10,404,141
88$16,045,100$700,181$0$11,368,759
89$17,597,069$649,858$0$12,429,915
90$19,304,673$594,403$0$13,597,454
91$21,183,702$533,482$0$14,882,231
92$23,251,556$466,739$0$16,296,210
93$25,527,405$393,799$0$17,852,579
94$28,032,372$314,268$0$19,565,874
95$30,789,734$227,726$0$21,452,118
96$33,825,135$133,733$0$23,528,972
97$37,166,834$31,822$0$25,815,904
98$40,845,971$0$0$28,334,372
99$44,896,855$0$0$31,134,806
100$49,357,294$0$0$34,230,399