Can I retire at age 53 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$67,550$66,948$66,361$65,788$65,228$63,626
2 years$33,440$32,818$32,214$31,629$31,061$29,456
3 years$22,072$21,447$20,845$20,265$19,706$18,150
4 years$16,389$15,766$15,170$14,600$14,055$12,558
5 years$12,980$12,360$11,772$11,214$10,684$9,252
6 years$10,708$10,093$9,514$8,968$8,454$7,087
7 years$9,086$8,476$7,906$7,373$6,875$5,574
8 years$7,870$7,266$6,705$6,185$5,704$4,468
9 years$6,925$6,326$5,775$5,268$4,803$3,632
10 years$6,169$5,576$5,035$4,541$4,093$2,984
11 years$5,551$4,964$4,432$3,952$3,520$2,473
12 years$5,036$4,456$3,934$3,467$3,050$2,062
13 years$4,601$4,027$3,514$3,061$2,660$1,730
14 years$4,229$3,660$3,158$2,717$2,332$1,457
15 years$3,906$3,343$2,851$2,423$2,053$1,232
16 years$3,624$3,068$2,585$2,169$1,814$1,044
17 years$3,375$2,825$2,352$1,949$1,609$888
18 years$3,155$2,611$2,147$1,757$1,430$756
19 years$2,957$2,419$1,966$1,587$1,275$645
20 years$2,780$2,248$1,804$1,438$1,139$551
21 years$2,620$2,094$1,659$1,305$1,019$472
22 years$2,474$1,955$1,529$1,186$914$404
23 years$2,342$1,828$1,412$1,080$820$347
24 years$2,220$1,713$1,306$985$737$297
25 years$2,109$1,608$1,210$900$663$255
26 years$2,006$1,511$1,122$823$597$219
27 years$1,911$1,422$1,042$753$539$189
28 years$1,823$1,340$968$690$486$162
29 years$1,741$1,264$901$633$439$139
30 years$1,665$1,194$839$581$397$120
31 years$1,594$1,128$783$533$359$103
32 years$1,527$1,068$730$490$324$89
33 years$1,465$1,011$682$451$293$77
34 years$1,406$958$637$415$266$66
35 years$1,351$909$596$382$241$57
36 years$1,299$863$557$352$218$49
37 years$1,250$819$521$324$198$42
38 years$1,204$779$488$299$179$36
39 years$1,160$741$457$275$162$31
40 years$1,118$705$429$254$147$27
41 years$1,079$671$402$234$134$23
42 years$1,041$639$377$216$121$20
43 years$1,006$609$354$200$110$17
44 years$972$580$332$184$100$15
45 years$940$553$312$170$91$13
46 years$909$528$293$157$82$11
47 years$879$504$275$145$75$10
48 years$851$481$259$134$68$8
49 years$824$459$243$124$62$7
50 years$799$439$229$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $818,000, adding $5,755 every year, while hoping to spend $21,124 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: 35/49/16 Blend
52$818,000$818,000$818,000$818,000
53$907,372$864,018$851,339$934,479
54$977,448$883,879$857,383$974,564
55$1,053,964$904,006$862,922$1,015,383
56$1,137,555$924,388$867,916$1,058,974
57$1,228,918$945,016$872,324$1,105,594
58$1,328,823$965,877$876,102$1,155,526
59$1,438,117$986,959$879,206$1,209,082
60$1,557,733$1,008,248$881,586$1,266,608
61$1,688,696$1,029,726$883,194$1,328,482
62$1,832,138$1,051,378$883,976$1,395,123
63$1,989,304$1,073,183$883,877$1,466,993
64$2,161,564$1,095,121$882,839$1,544,599
65$2,350,430$1,117,168$880,800$1,628,503
66$2,557,565$1,139,299$877,697$1,719,322
67$2,784,799$1,161,488$873,463$1,817,738
68$3,034,153$1,183,705$868,028$1,924,504
69$3,307,847$1,205,917$861,317$2,040,446
70$3,608,331$1,228,090$853,255$2,166,480
71$3,938,301$1,250,187$843,759$2,303,613
72$4,300,728$1,272,167$832,746$2,452,957
73$4,698,886$1,293,987$820,127$2,615,735
74$5,136,380$1,315,600$805,809$2,793,301
75$5,617,182$1,336,955$789,694$2,987,144
76$6,145,668$1,357,999$771,682$3,198,908
77$6,726,658$1,378,673$751,666$3,430,404
78$7,365,464$1,398,916$729,534$3,683,631
79$8,067,939$1,418,660$705,170$3,960,792
80$8,840,529$1,437,834$678,453$4,264,318
81$9,690,337$1,456,362$649,256$4,596,887
82$10,625,189$1,474,162$617,444$4,961,456
83$11,653,710$1,491,147$582,880$5,361,281
84$12,785,399$1,507,225$545,417$5,799,956
85$14,030,726$1,522,294$504,905$6,281,442
86$15,401,224$1,536,251$461,183$6,810,107
87$16,909,603$1,548,981$414,087$7,390,769
88$18,569,866$1,560,365$363,442$8,028,738
89$20,397,444$1,570,275$309,069$8,729,869
90$22,409,339$1,578,573$250,778$9,500,620
91$24,624,284$1,585,116$188,372$10,348,109
92$27,062,924$1,589,750$121,645$11,280,185
93$29,748,004$1,592,309$50,382$12,305,502
94$32,704,589$1,592,621$0$13,433,600
95$35,960,298$1,590,501$0$14,679,381
96$39,545,564$1,585,751$0$16,059,524
97$43,493,923$1,578,164$0$17,578,245
98$47,842,328$1,567,519$0$19,249,683
99$52,631,499$1,553,581$0$21,089,424
100$57,906,306$1,536,101$0$23,114,646