Can I retire at age 53 with 815,000?

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 $815,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$67,302$66,702$66,118$65,547$64,989$63,651
2 years$33,318$32,697$32,096$31,513$30,947$29,605
3 years$21,991$21,368$20,768$20,191$19,634$18,330
4 years$16,329$15,708$15,114$14,546$14,003$12,747
5 years$12,933$12,315$11,729$11,173$10,645$9,440
6 years$10,669$10,056$9,479$8,935$8,423$7,271
7 years$9,053$8,445$7,877$7,346$6,850$5,752
8 years$7,841$7,239$6,680$6,162$5,683$4,637
9 years$6,899$6,303$5,754$5,249$4,786$3,792
10 years$6,146$5,556$5,016$4,525$4,078$3,135
11 years$5,531$4,946$4,416$3,938$3,507$2,614
12 years$5,018$4,439$3,919$3,454$3,039$2,195
13 years$4,584$4,012$3,502$3,049$2,650$1,853
14 years$4,213$3,647$3,146$2,707$2,323$1,571
15 years$3,892$3,331$2,841$2,414$2,045$1,338
16 years$3,611$3,056$2,575$2,162$1,808$1,142
17 years$3,363$2,815$2,344$1,942$1,603$978
18 years$3,143$2,601$2,139$1,750$1,425$839
19 years$2,947$2,411$1,958$1,581$1,270$722
20 years$2,770$2,240$1,797$1,432$1,135$621
21 years$2,610$2,086$1,653$1,300$1,015$536
22 years$2,465$1,948$1,524$1,182$910$462
23 years$2,333$1,822$1,407$1,076$817$400
24 years$2,212$1,707$1,301$982$734$346
25 years$2,101$1,602$1,205$897$661$299
26 years$1,999$1,505$1,118$820$595$259
27 years$1,904$1,417$1,038$750$537$224
28 years$1,816$1,335$965$688$484$195
29 years$1,735$1,259$898$630$437$169
30 years$1,659$1,189$836$579$395$146
31 years$1,588$1,124$780$531$357$127
32 years$1,522$1,064$727$488$323$110
33 years$1,460$1,007$679$449$292$96
34 years$1,401$955$635$413$265$83
35 years$1,346$906$593$380$240$72
36 years$1,294$860$555$350$217$63
37 years$1,246$816$520$323$197$55
38 years$1,199$776$487$298$179$47
39 years$1,156$738$456$274$162$41
40 years$1,114$702$427$253$147$36
41 years$1,075$668$401$233$133$31
42 years$1,038$636$376$215$121$27
43 years$1,002$606$353$199$110$23
44 years$968$578$331$184$100$20
45 years$936$551$311$170$90$18
46 years$905$526$292$157$82$15
47 years$876$502$274$145$75$13
48 years$848$479$258$134$68$12
49 years$821$457$242$124$61$10
50 years$796$437$228$114$56$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $815,000, adding $5,245 every year, while hoping to spend $58,296 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: 27/48/25 Blend
52$815,000$815,000$815,000$815,000
53$903,540$860,345$847,713$920,747
54$933,675$840,476$814,085$915,028
55$964,929$817,679$777,376$903,480
56$997,356$791,749$737,423$889,869
57$1,031,012$762,470$694,052$874,058
58$1,065,957$729,612$647,083$855,903
59$1,102,253$692,933$596,330$835,252
60$1,139,971$652,174$541,595$811,945
61$1,179,182$607,065$482,672$785,814
62$1,219,965$557,317$419,348$756,683
63$1,262,404$502,628$351,399$724,365
64$1,306,589$442,677$278,590$688,667
65$1,352,616$377,123$200,679$649,382
66$1,400,590$305,610$117,408$606,296
67$1,450,623$227,757$28,514$559,183
68$1,502,835$143,165$0$507,805
69$1,557,356$51,413$0$469,614
70$1,614,327$0$0$435,917
71$1,673,900$0$0$424,232
72$1,736,240$0$0$440,455
73$1,801,523$0$0$457,481
74$1,869,943$0$0$475,365
75$1,941,709$0$0$494,166
76$2,017,048$0$0$513,949
77$2,096,205$0$0$534,787
78$2,179,450$0$0$556,754
79$2,267,072$0$0$579,936
80$2,359,389$0$0$604,424
81$2,456,747$0$0$630,318
82$2,559,521$0$0$657,726
83$2,668,122$0$0$686,769
84$2,782,998$0$0$717,575
85$2,904,636$0$0$750,287
86$3,033,572$0$0$785,061
87$3,170,388$0$0$822,067
88$3,315,722$0$0$861,490
89$3,470,271$0$0$903,535
90$3,634,800$0$0$948,425
91$3,810,143$0$0$996,405
92$3,997,216$0$0$1,047,743
93$4,197,021$0$0$1,102,733
94$4,410,657$0$0$1,161,697
95$4,639,329$0$0$1,224,991
96$4,884,357$0$0$1,293,001
97$5,147,189$0$0$1,366,155
98$5,429,417$0$0$1,444,921
99$5,732,783$0$0$1,529,813
100$6,059,205$0$0$1,621,395