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%14.5%
1 years$67,385$66,784$66,199$65,627$65,069$63,860
2 years$33,359$32,737$32,135$31,551$30,985$29,771
3 years$22,018$21,394$20,794$20,215$19,658$18,478
4 years$16,349$15,727$15,132$14,564$14,020$12,882
5 years$12,949$12,330$11,743$11,187$10,658$9,566
6 years$10,682$10,069$9,490$8,946$8,433$7,388
7 years$9,064$8,456$7,887$7,355$6,859$5,860
8 years$7,851$7,248$6,688$6,170$5,690$4,738
9 years$6,908$6,311$5,761$5,255$4,792$3,886
10 years$6,154$5,563$5,022$4,530$4,083$3,223
11 years$5,538$4,952$4,422$3,943$3,511$2,696
12 years$5,024$4,445$3,924$3,458$3,043$2,271
13 years$4,590$4,017$3,506$3,053$2,653$1,924
14 years$4,218$3,651$3,150$2,710$2,326$1,637
15 years$3,897$3,335$2,844$2,417$2,048$1,398
16 years$3,615$3,060$2,579$2,164$1,810$1,198
17 years$3,367$2,818$2,346$1,944$1,605$1,030
18 years$3,147$2,604$2,142$1,752$1,427$887
19 years$2,950$2,413$1,961$1,583$1,272$765
20 years$2,773$2,243$1,800$1,434$1,136$661
21 years$2,613$2,089$1,655$1,302$1,017$572
22 years$2,468$1,950$1,526$1,183$911$496
23 years$2,336$1,824$1,409$1,078$818$430
24 years$2,215$1,709$1,303$983$735$374
25 years$2,104$1,604$1,207$898$662$325
26 years$2,001$1,507$1,119$821$596$282
27 years$1,907$1,418$1,039$751$537$246
28 years$1,819$1,337$966$688$485$214
29 years$1,737$1,261$899$631$438$186
30 years$1,661$1,191$837$579$396$162
31 years$1,590$1,126$781$532$358$141
32 years$1,524$1,065$728$489$324$123
33 years$1,461$1,009$680$450$293$107
34 years$1,403$956$635$414$265$94
35 years$1,348$907$594$381$240$82
36 years$1,296$861$556$351$218$71
37 years$1,247$817$520$323$197$62
38 years$1,201$777$487$298$179$54
39 years$1,157$739$456$275$162$47
40 years$1,116$703$428$253$147$41
41 years$1,076$669$401$234$133$36
42 years$1,039$637$376$216$121$31
43 years$1,003$607$353$199$110$27
44 years$970$579$331$184$100$24
45 years$937$552$311$170$91$21
46 years$907$526$292$157$82$18
47 years$877$502$275$145$75$16
48 years$849$480$258$134$68$14
49 years$822$458$243$124$62$12
50 years$797$437$228$114$56$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $816,000, adding $2,761 every year, while hoping to spend $21,768 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: 62/10/28 Blend
52$816,000$816,000$816,000$816,000
53$902,080$858,832$846,184$951,077
54$970,931$877,754$851,370$1,003,620
55$1,046,076$896,873$856,000$1,058,364
56$1,128,132$916,177$860,033$1,117,679
57$1,217,782$935,650$863,425$1,182,016
58$1,315,776$955,277$866,130$1,251,873
59$1,422,939$975,039$868,099$1,327,798
60$1,540,181$994,918$869,283$1,410,396
61$1,668,503$1,014,893$869,627$1,500,333
62$1,809,007$1,034,939$869,076$1,598,345
63$1,962,907$1,055,033$867,572$1,705,241
64$2,131,541$1,075,147$865,053$1,821,914
65$2,316,381$1,095,252$861,455$1,949,349
66$2,519,048$1,115,315$856,710$2,088,630
67$2,741,328$1,135,303$850,747$2,240,955
68$2,985,190$1,155,179$843,493$2,407,641
69$3,252,799$1,174,902$834,870$2,590,143
70$3,546,542$1,194,431$824,796$2,790,064
71$3,869,049$1,213,717$813,186$3,009,170
72$4,223,215$1,232,713$799,951$3,249,409
73$4,612,232$1,251,364$784,998$3,512,929
74$5,039,613$1,269,614$768,228$3,802,096
75$5,509,230$1,287,402$749,541$4,119,521
76$6,025,349$1,304,662$728,828$4,468,079
77$6,592,668$1,321,325$705,977$4,850,941
78$7,216,365$1,337,315$680,873$5,271,604
79$7,902,144$1,352,552$653,391$5,733,921
80$8,656,288$1,366,952$623,405$6,242,138
81$9,485,720$1,380,424$590,780$6,800,938
82$10,398,069$1,392,871$555,377$7,415,483
83$11,401,739$1,404,188$517,049$8,091,461
84$12,505,990$1,414,267$475,644$8,835,144
85$13,721,025$1,422,990$431,001$9,653,444
86$15,058,085$1,430,232$382,955$10,553,981
87$16,529,557$1,435,860$331,332$11,545,153
88$18,149,089$1,439,734$275,948$12,636,219
89$19,931,718$1,441,704$216,615$13,837,382
90$21,894,016$1,441,610$153,134$15,159,890
91$24,054,240$1,439,283$85,299$16,616,140
92$26,432,508$1,434,544$12,892$18,219,796
93$29,050,989$1,427,202$0$19,985,919
94$31,934,110$1,417,054$0$21,950,344
95$35,108,786$1,403,887$0$24,117,495
96$38,604,677$1,387,472$0$26,503,754
97$42,454,466$1,367,570$0$29,131,427
98$46,694,164$1,343,923$0$32,025,091
99$51,363,455$1,316,262$0$35,211,831
100$56,506,069$1,284,300$0$38,721,494