Can I retire at age 53 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$67,137$66,539$65,955$65,386$64,830$64,529
2 years$33,236$32,617$32,017$31,435$30,871$30,568
3 years$21,937$21,316$20,717$20,141$19,586$19,289
4 years$16,289$15,669$15,077$14,510$13,969$13,681
5 years$12,901$12,285$11,700$11,145$10,619$10,341
6 years$10,643$10,032$9,456$8,913$8,402$8,134
7 years$9,031$8,424$7,858$7,328$6,833$6,576
8 years$7,822$7,221$6,664$6,147$5,669$5,421
9 years$6,883$6,287$5,740$5,236$4,774$4,537
10 years$6,131$5,542$5,004$4,514$4,068$3,840
11 years$5,517$4,934$4,405$3,928$3,498$3,281
12 years$5,006$4,428$3,910$3,446$3,032$2,824
13 years$4,573$4,002$3,493$3,042$2,644$2,445
14 years$4,203$3,638$3,138$2,700$2,317$2,129
15 years$3,882$3,323$2,834$2,408$2,040$1,861
16 years$3,602$3,049$2,569$2,156$1,803$1,632
17 years$3,355$2,808$2,338$1,937$1,599$1,437
18 years$3,135$2,595$2,134$1,746$1,422$1,268
19 years$2,939$2,405$1,954$1,578$1,267$1,121
20 years$2,763$2,234$1,793$1,429$1,132$994
21 years$2,604$2,081$1,649$1,297$1,013$882
22 years$2,459$1,943$1,520$1,179$908$784
23 years$2,328$1,817$1,403$1,074$815$698
24 years$2,207$1,703$1,298$979$733$622
25 years$2,096$1,598$1,202$894$659$555
26 years$1,994$1,502$1,115$818$594$496
27 years$1,900$1,413$1,035$749$535$443
28 years$1,812$1,332$962$686$483$397
29 years$1,731$1,256$896$629$436$355
30 years$1,655$1,186$834$577$394$318
31 years$1,584$1,122$778$530$356$285
32 years$1,518$1,061$726$487$322$256
33 years$1,456$1,005$678$448$292$229
34 years$1,398$952$633$412$264$206
35 years$1,343$903$592$379$239$185
36 years$1,291$857$554$349$217$166
37 years$1,242$814$518$322$196$149
38 years$1,196$774$485$297$178$134
39 years$1,153$736$455$274$161$120
40 years$1,111$700$426$252$146$108
41 years$1,072$667$400$233$133$97
42 years$1,035$635$375$215$121$87
43 years$1,000$605$352$198$109$78
44 years$966$577$330$183$99$70
45 years$934$550$310$169$90$63
46 years$903$524$291$156$82$57
47 years$874$500$274$144$74$51
48 years$846$478$257$133$68$46
49 years$819$456$242$123$61$41
50 years$794$436$227$114$56$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $813,000, adding $3,650 every year, while hoping to spend $27,003 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: 55/26/19 Blend
52$813,000$813,000$813,000$813,000
53$899,691$856,602$844,000$944,381
54$962,728$869,844$843,544$988,554
55$1,031,291$882,831$842,166$1,033,449
56$1,105,913$895,520$839,809$1,081,746
57$1,187,184$907,868$836,410$1,133,777
58$1,275,750$919,828$831,904$1,189,909
59$1,372,327$931,349$826,223$1,250,548
60$1,477,697$942,378$819,294$1,316,140
61$1,592,725$952,857$811,043$1,387,178
62$1,718,361$962,726$801,391$1,464,207
63$1,855,652$971,917$790,256$1,547,827
64$2,005,750$980,363$777,552$1,638,700
65$2,169,925$987,989$763,188$1,737,558
66$2,349,572$994,715$747,069$1,845,208
67$2,546,230$1,000,458$729,098$1,962,538
68$2,761,593$1,005,128$709,170$2,090,532
69$2,997,526$1,008,629$687,178$2,230,272
70$3,256,082$1,010,861$663,007$2,382,954
71$3,539,525$1,011,716$636,540$2,549,897
72$3,850,346$1,011,079$607,654$2,732,555
73$4,191,289$1,008,830$576,218$2,932,533
74$4,565,377$1,004,839$542,097$3,151,601
75$4,975,939$998,969$505,151$3,391,714
76$5,426,642$991,076$465,231$3,655,024
77$5,921,526$981,006$422,183$3,943,908
78$6,465,042$968,595$375,846$4,260,988
79$7,062,091$953,671$326,052$4,609,154
80$7,718,074$936,051$272,624$4,991,596
81$8,438,940$915,540$215,380$5,411,831
82$9,231,244$891,933$154,127$5,873,737
83$10,102,206$865,013$88,665$6,381,593
84$11,059,781$834,549$18,786$6,940,116
85$12,112,734$800,297$0$7,554,509
86$13,270,722$762,000$0$8,241,821
87$14,544,382$719,385$0$9,001,868
88$15,945,438$672,164$0$9,837,864
89$17,486,803$620,030$0$10,757,551
90$19,182,708$562,663$0$11,769,468
91$21,048,831$499,720$0$12,883,023
92$23,102,447$430,842$0$14,108,589
93$25,362,591$355,647$0$15,457,598
94$27,850,237$273,735$0$16,942,651
95$30,588,493$184,680$0$18,577,640
96$33,602,823$88,033$0$20,377,875
97$36,921,286$0$0$22,360,233
98$40,574,797$0$0$24,548,087
99$44,597,424$0$0$26,984,806
100$49,026,705$0$0$29,667,954