Can I retire at age 53 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$67,385$66,784$66,199$65,627$65,069$64,686
2 years$33,359$32,737$32,135$31,551$30,985$30,599
3 years$22,018$21,394$20,794$20,215$19,658$19,281
4 years$16,349$15,727$15,132$14,564$14,020$13,654
5 years$12,949$12,330$11,743$11,187$10,658$10,304
6 years$10,682$10,069$9,490$8,946$8,433$8,093
7 years$9,064$8,456$7,887$7,355$6,859$6,531
8 years$7,851$7,248$6,688$6,170$5,690$5,375
9 years$6,908$6,311$5,761$5,255$4,792$4,490
10 years$6,154$5,563$5,022$4,530$4,083$3,794
11 years$5,538$4,952$4,422$3,943$3,511$3,236
12 years$5,024$4,445$3,924$3,458$3,043$2,780
13 years$4,590$4,017$3,506$3,053$2,653$2,403
14 years$4,218$3,651$3,150$2,710$2,326$2,087
15 years$3,897$3,335$2,844$2,417$2,048$1,821
16 years$3,615$3,060$2,579$2,164$1,810$1,594
17 years$3,367$2,818$2,346$1,944$1,605$1,400
18 years$3,147$2,604$2,142$1,752$1,427$1,233
19 years$2,950$2,413$1,961$1,583$1,272$1,088
20 years$2,773$2,243$1,800$1,434$1,136$962
21 years$2,613$2,089$1,655$1,302$1,017$852
22 years$2,468$1,950$1,526$1,183$911$756
23 years$2,336$1,824$1,409$1,078$818$672
24 years$2,215$1,709$1,303$983$735$597
25 years$2,104$1,604$1,207$898$662$532
26 years$2,001$1,507$1,119$821$596$474
27 years$1,907$1,418$1,039$751$537$423
28 years$1,819$1,337$966$688$485$377
29 years$1,737$1,261$899$631$438$337
30 years$1,661$1,191$837$579$396$301
31 years$1,590$1,126$781$532$358$269
32 years$1,524$1,065$728$489$324$241
33 years$1,461$1,009$680$450$293$215
34 years$1,403$956$635$414$265$193
35 years$1,348$907$594$381$240$172
36 years$1,296$861$556$351$218$154
37 years$1,247$817$520$323$197$138
38 years$1,201$777$487$298$179$124
39 years$1,157$739$456$275$162$111
40 years$1,116$703$428$253$147$100
41 years$1,076$669$401$234$133$89
42 years$1,039$637$376$216$121$80
43 years$1,003$607$353$199$110$72
44 years$970$579$331$184$100$64
45 years$937$552$311$170$91$58
46 years$907$526$292$157$82$52
47 years$877$502$275$145$75$46
48 years$849$480$258$134$68$42
49 years$822$458$243$124$62$37
50 years$797$437$228$114$56$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $816,000, adding $4,887 every year, while hoping to spend $54,944 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: 38/44/18 Blend
52$816,000$816,000$816,000$816,000
53$904,273$861,025$848,377$933,577
54$938,049$844,755$818,338$938,837
55$973,428$825,847$785,450$938,929
56$1,010,517$804,112$749,562$937,878
57$1,049,429$779,353$710,512$935,611
58$1,090,290$751,360$668,133$932,052
59$1,133,233$719,911$622,249$927,121
60$1,178,407$684,770$572,678$920,740
61$1,225,970$645,689$519,228$912,823
62$1,276,096$602,406$461,700$903,285
63$1,328,975$554,641$399,884$892,040
64$1,384,814$502,101$333,563$878,996
65$1,443,836$444,476$262,510$864,064
66$1,506,289$381,437$186,485$847,149
67$1,572,441$312,637$105,243$828,160
68$1,642,584$237,711$18,522$807,000
69$1,717,039$156,270$0$783,575
70$1,796,156$67,906$0$772,009
71$1,880,318$0$0$762,711
72$1,969,945$0$0$765,551
73$2,065,495$0$0$803,693
74$2,167,472$0$0$844,468
75$2,276,427$0$0$888,103
76$2,392,962$0$0$934,851
77$2,517,742$0$0$984,986
78$2,651,490$0$0$1,038,810
79$2,795,005$0$0$1,096,655
80$2,949,160$0$0$1,158,885
81$3,114,914$0$0$1,225,899
82$3,293,320$0$0$1,298,135
83$3,485,535$0$0$1,376,077
84$3,692,830$0$0$1,460,252
85$3,916,600$0$0$1,551,244
86$4,158,377$0$0$1,649,692
87$4,419,848$0$0$1,756,298
88$4,702,865$0$0$1,871,835
89$5,009,463$0$0$1,997,154
90$5,341,882$0$0$2,133,188
91$5,702,583$0$0$2,280,966
92$6,094,275$0$0$2,441,619
93$6,519,935$0$0$2,616,390
94$6,982,839$0$0$2,806,649
95$7,486,593$0$0$3,013,900
96$8,035,162$0$0$3,239,801
97$8,632,911$0$0$3,486,177
98$9,284,642$0$0$3,755,034
99$9,995,642$0$0$4,048,583
100$10,771,729$0$0$4,369,255