Can I retire at age 53 with 818,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$67,550$66,948$66,361$65,788$65,228$62,740
2 years$33,440$32,818$32,214$31,629$31,061$28,583
3 years$22,072$21,447$20,845$20,265$19,706$17,317
4 years$16,389$15,766$15,170$14,600$14,055$11,772
5 years$12,980$12,360$11,772$11,214$10,684$8,514
6 years$10,708$10,093$9,514$8,968$8,454$6,398
7 years$9,086$8,476$7,906$7,373$6,875$4,933
8 years$7,870$7,266$6,705$6,185$5,704$3,873
9 years$6,925$6,326$5,775$5,268$4,803$3,082
10 years$6,169$5,576$5,035$4,541$4,093$2,477
11 years$5,551$4,964$4,432$3,952$3,520$2,007
12 years$5,036$4,456$3,934$3,467$3,050$1,636
13 years$4,601$4,027$3,514$3,061$2,660$1,339
14 years$4,229$3,660$3,158$2,717$2,332$1,101
15 years$3,906$3,343$2,851$2,423$2,053$908
16 years$3,624$3,068$2,585$2,169$1,814$751
17 years$3,375$2,825$2,352$1,949$1,609$622
18 years$3,155$2,611$2,147$1,757$1,430$516
19 years$2,957$2,419$1,966$1,587$1,275$429
20 years$2,780$2,248$1,804$1,438$1,139$357
21 years$2,620$2,094$1,659$1,305$1,019$297
22 years$2,474$1,955$1,529$1,186$914$248
23 years$2,342$1,828$1,412$1,080$820$207
24 years$2,220$1,713$1,306$985$737$173
25 years$2,109$1,608$1,210$900$663$144
26 years$2,006$1,511$1,122$823$597$120
27 years$1,911$1,422$1,042$753$539$101
28 years$1,823$1,340$968$690$486$84
29 years$1,741$1,264$901$633$439$70
30 years$1,665$1,194$839$581$397$59
31 years$1,594$1,128$783$533$359$49
32 years$1,527$1,068$730$490$324$41
33 years$1,465$1,011$682$451$293$34
34 years$1,406$958$637$415$266$29
35 years$1,351$909$596$382$241$24
36 years$1,299$863$557$352$218$20
37 years$1,250$819$521$324$198$17
38 years$1,204$779$488$299$179$14
39 years$1,160$741$457$275$162$12
40 years$1,118$705$429$254$147$10
41 years$1,079$671$402$234$134$8
42 years$1,041$639$377$216$121$7
43 years$1,006$609$354$200$110$6
44 years$972$580$332$184$100$5
45 years$940$553$312$170$91$4
46 years$909$528$293$157$82$3
47 years$879$504$275$145$75$3
48 years$851$481$259$134$68$2
49 years$824$459$243$124$62$2
50 years$799$439$229$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $818,000, adding $5,435 every year, while hoping to spend $59,750 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$818,000$818,000$818,000$818,000
53$907,042$863,688$851,009$924,312
54$935,987$842,435$815,944$917,275
55$965,882$818,139$777,703$904,174
56$996,760$790,586$736,114$888,865
57$1,028,657$759,552$691,001$871,200
58$1,061,609$724,800$642,179$851,023
59$1,095,656$686,077$589,455$828,168
60$1,130,837$643,119$532,626$802,461
61$1,167,195$595,644$471,481$773,719
62$1,204,772$543,355$405,799$741,749
63$1,243,617$485,937$335,351$706,346
64$1,283,776$423,057$259,895$667,295
65$1,325,300$354,367$179,181$624,371
66$1,368,243$279,493$92,946$577,335
67$1,412,661$198,045$917$525,935
68$1,458,613$109,610$0$469,907
69$1,506,160$13,749$0$434,927
70$1,555,368$0$0$396,696
71$1,606,306$0$0$402,279
72$1,659,047$0$0$415,588
73$1,713,668$0$0$429,382
74$1,770,251$0$0$443,681
75$1,828,881$0$0$458,510
76$1,889,650$0$0$473,894
77$1,952,656$0$0$489,857
78$2,018,002$0$0$506,429
79$2,085,797$0$0$523,640
80$2,156,159$0$0$541,521
81$2,229,213$0$0$560,107
82$2,305,092$0$0$579,434
83$2,383,939$0$0$599,542
84$2,465,905$0$0$620,472
85$2,551,154$0$0$642,270
86$2,639,861$0$0$664,985
87$2,732,213$0$0$688,668
88$2,828,412$0$0$713,376
89$2,928,676$0$0$739,171
90$3,033,237$0$0$766,117
91$3,142,347$0$0$794,285
92$3,256,277$0$0$823,752
93$3,375,321$0$0$854,601
94$3,499,794$0$0$886,922
95$3,630,040$0$0$920,811
96$3,766,429$0$0$956,375
97$3,909,363$0$0$993,729
98$4,059,276$0$0$1,032,996
99$4,216,643$0$0$1,074,313
100$4,381,975$0$0$1,117,826