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%12.2%
1 years$67,385$66,784$66,199$65,627$65,069$64,470
2 years$33,359$32,737$32,135$31,551$30,985$30,382
3 years$22,018$21,394$20,794$20,215$19,658$19,069
4 years$16,349$15,727$15,132$14,564$14,020$13,450
5 years$12,949$12,330$11,743$11,187$10,658$10,108
6 years$10,682$10,069$9,490$8,946$8,433$7,904
7 years$9,064$8,456$7,887$7,355$6,859$6,351
8 years$7,851$7,248$6,688$6,170$5,690$5,203
9 years$6,908$6,311$5,761$5,255$4,792$4,326
10 years$6,154$5,563$5,022$4,530$4,083$3,638
11 years$5,538$4,952$4,422$3,943$3,511$3,087
12 years$5,024$4,445$3,924$3,458$3,043$2,639
13 years$4,590$4,017$3,506$3,053$2,653$2,269
14 years$4,218$3,651$3,150$2,710$2,326$1,961
15 years$3,897$3,335$2,844$2,417$2,048$1,702
16 years$3,615$3,060$2,579$2,164$1,810$1,482
17 years$3,367$2,818$2,346$1,944$1,605$1,294
18 years$3,147$2,604$2,142$1,752$1,427$1,133
19 years$2,950$2,413$1,961$1,583$1,272$994
20 years$2,773$2,243$1,800$1,434$1,136$874
21 years$2,613$2,089$1,655$1,302$1,017$770
22 years$2,468$1,950$1,526$1,183$911$679
23 years$2,336$1,824$1,409$1,078$818$599
24 years$2,215$1,709$1,303$983$735$530
25 years$2,104$1,604$1,207$898$662$469
26 years$2,001$1,507$1,119$821$596$415
27 years$1,907$1,418$1,039$751$537$368
28 years$1,819$1,337$966$688$485$326
29 years$1,737$1,261$899$631$438$289
30 years$1,661$1,191$837$579$396$257
31 years$1,590$1,126$781$532$358$228
32 years$1,524$1,065$728$489$324$203
33 years$1,461$1,009$680$450$293$180
34 years$1,403$956$635$414$265$160
35 years$1,348$907$594$381$240$142
36 years$1,296$861$556$351$218$127
37 years$1,247$817$520$323$197$113
38 years$1,201$777$487$298$179$100
39 years$1,157$739$456$275$162$89
40 years$1,116$703$428$253$147$80
41 years$1,076$669$401$234$133$71
42 years$1,039$637$376$216$121$63
43 years$1,003$607$353$199$110$56
44 years$970$579$331$184$100$50
45 years$937$552$311$170$91$45
46 years$907$526$292$157$82$40
47 years$877$502$275$145$75$35
48 years$849$480$258$134$68$31
49 years$822$458$243$124$62$28
50 years$797$437$228$114$56$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $816,000, adding $2,200 every year, while hoping to spend $24,064 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: 58/21/21 Blend
52$816,000$816,000$816,000$816,000
53$901,501$858,253$845,605$948,621
54$967,851$874,704$848,329$997,375
55$1,040,161$891,154$850,338$1,047,715
56$1,119,015$907,578$851,582$1,102,067
57$1,205,054$923,949$852,009$1,160,824
58$1,298,984$940,237$851,566$1,224,420
59$1,401,581$956,410$850,195$1,293,331
60$1,513,702$972,433$847,836$1,368,084
61$1,636,288$988,270$844,426$1,449,259
62$1,770,375$1,003,882$839,900$1,537,496
63$1,917,106$1,019,224$834,189$1,633,499
64$2,077,736$1,034,252$827,221$1,738,048
65$2,253,652$1,048,917$818,919$1,851,999
66$2,446,376$1,063,165$809,204$1,976,298
67$2,657,588$1,076,942$797,995$2,111,987
68$2,889,137$1,090,187$785,202$2,260,218
69$3,143,059$1,102,836$770,736$2,422,256
70$3,421,596$1,114,820$754,501$2,599,501
71$3,727,219$1,126,067$736,397$2,793,493
72$4,062,650$1,136,499$716,321$3,005,932
73$4,430,885$1,146,032$694,162$3,238,691
74$4,835,226$1,154,578$669,807$3,493,838
75$5,279,310$1,162,043$643,137$3,773,650
76$5,767,144$1,168,328$614,026$4,080,638
77$6,303,141$1,173,324$582,345$4,417,573
78$6,892,164$1,176,920$547,956$4,787,507
79$7,539,570$1,178,994$510,717$5,193,807
80$8,251,259$1,179,418$470,480$5,640,186
81$9,033,735$1,178,057$427,088$6,130,733
82$9,894,160$1,174,765$380,379$6,669,963
83$10,840,426$1,169,391$330,184$7,262,847
84$11,881,228$1,161,770$276,324$7,914,870
85$13,026,148$1,151,731$218,616$8,632,077
86$14,285,740$1,139,091$156,864$9,421,132
87$15,671,634$1,123,655$90,868$10,289,383
88$17,196,646$1,105,219$20,417$11,244,929
89$18,874,893$1,083,564$0$12,296,699
90$20,721,934$1,058,460$0$13,466,809
91$22,754,909$1,029,663$0$14,759,515
92$24,992,707$996,914$0$16,182,255
93$27,456,140$959,939$0$17,748,269
94$30,168,139$918,449$0$19,472,150
95$33,153,974$872,137$0$21,369,983
96$36,441,487$820,680$0$23,459,490
97$40,061,360$763,734$0$25,760,206
98$44,047,399$700,938$0$28,293,659
99$48,436,857$631,907$0$31,083,575
100$53,270,784$556,238$0$34,156,100