Can I retire at age 53 with 819,000?

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 $819,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$67,632$67,030$66,442$65,868$65,308$64,332
2 years$33,481$32,858$32,253$31,667$31,099$30,118
3 years$22,099$21,473$20,870$20,290$19,731$18,775
4 years$16,409$15,785$15,188$14,618$14,072$13,149
5 years$12,996$12,376$11,787$11,228$10,697$9,810
6 years$10,721$10,106$9,525$8,979$8,464$7,614
7 years$9,097$8,487$7,916$7,382$6,884$6,070
8 years$7,880$7,275$6,713$6,193$5,711$4,933
9 years$6,933$6,334$5,782$5,275$4,809$4,068
10 years$6,177$5,583$5,041$4,547$4,098$3,392
11 years$5,558$4,970$4,438$3,957$3,524$2,854
12 years$5,043$4,461$3,938$3,471$3,054$2,418
13 years$4,607$4,031$3,519$3,064$2,663$2,060
14 years$4,234$3,664$3,162$2,720$2,335$1,764
15 years$3,911$3,348$2,855$2,426$2,055$1,516
16 years$3,628$3,071$2,588$2,172$1,817$1,307
17 years$3,380$2,829$2,355$1,952$1,611$1,131
18 years$3,159$2,614$2,150$1,759$1,432$980
19 years$2,961$2,422$1,968$1,589$1,277$851
20 years$2,784$2,251$1,806$1,439$1,140$741
21 years$2,623$2,097$1,661$1,306$1,020$646
22 years$2,477$1,957$1,531$1,188$915$563
23 years$2,345$1,831$1,414$1,082$821$492
24 years$2,223$1,715$1,308$987$738$430
25 years$2,112$1,610$1,211$901$664$377
26 years$2,009$1,513$1,123$824$598$330
27 years$1,914$1,424$1,043$754$539$289
28 years$1,825$1,341$970$691$487$253
29 years$1,743$1,266$902$634$439$222
30 years$1,667$1,195$840$581$397$195
31 years$1,596$1,130$783$534$359$171
32 years$1,529$1,069$731$491$325$150
33 years$1,467$1,012$683$451$294$132
34 years$1,408$960$638$415$266$116
35 years$1,353$910$596$382$241$102
36 years$1,301$864$558$352$218$90
37 years$1,252$820$522$324$198$79
38 years$1,205$780$489$299$179$69
39 years$1,161$741$458$276$163$61
40 years$1,120$705$429$254$148$54
41 years$1,080$671$403$235$134$47
42 years$1,043$639$378$216$121$42
43 years$1,007$609$354$200$110$37
44 years$973$581$333$185$100$32
45 years$941$554$312$170$91$28
46 years$910$528$293$157$82$25
47 years$880$504$276$145$75$22
48 years$852$481$259$134$68$19
49 years$825$460$243$124$62$17
50 years$800$439$229$115$56$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $819,000, adding $4,257 every year, while hoping to spend $46,691 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: 61/17/22 Blend
52$819,000$819,000$819,000$819,000
53$906,929$863,522$850,828$956,758
54$949,757$856,156$829,651$983,633
55$995,388$846,864$806,201$1,007,440
56$1,044,060$835,502$780,351$1,032,380
57$1,096,031$821,919$751,970$1,058,571
58$1,151,586$805,952$720,920$1,086,143
59$1,211,036$787,432$687,059$1,115,242
60$1,274,722$766,177$650,236$1,146,033
61$1,343,020$741,995$610,295$1,178,697
62$1,416,339$714,684$567,071$1,213,437
63$1,495,131$684,030$520,394$1,250,479
64$1,579,892$649,804$470,084$1,290,076
65$1,671,164$611,768$415,955$1,332,507
66$1,769,545$569,666$357,811$1,378,084
67$1,875,690$523,232$295,450$1,427,154
68$1,990,320$472,180$228,657$1,480,102
69$2,114,226$416,210$157,211$1,537,357
70$2,248,279$355,007$80,879$1,599,394
71$2,393,436$288,234$0$1,666,743
72$2,550,746$215,538$0$1,740,124
73$2,721,368$136,544$0$1,840,324
74$2,906,572$50,860$0$1,949,120
75$3,107,757$0$0$2,067,378
76$3,326,462$0$0$2,203,898
77$3,564,378$0$0$2,362,815
78$3,823,369$0$0$2,535,867
79$4,105,482$0$0$2,724,429
80$4,412,973$0$0$2,930,017
81$4,748,323$0$0$3,154,297
82$5,114,263$0$0$3,399,104
83$5,513,800$0$0$3,666,459
84$5,950,243$0$0$3,958,583
85$6,427,235$0$0$4,277,927
86$6,948,788$0$0$4,627,183
87$7,519,317$0$0$5,009,320
88$8,143,685$0$0$5,427,606
89$8,827,247$0$0$5,885,637
90$9,575,899$0$0$6,387,377
91$10,396,134$0$0$6,937,189
92$11,295,102$0$0$7,539,878
93$12,280,681$0$0$8,200,737
94$13,361,543$0$0$8,925,594
95$14,547,242$0$0$9,720,872
96$15,848,301$0$0$10,593,640
97$17,276,312$0$0$11,551,691
98$18,844,041$0$0$12,603,603
99$20,565,554$0$0$13,758,831
100$22,456,342$0$0$15,027,785