Can I retire at age 53 with 819,000?

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 $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%11.4%
1 years$67,632$67,030$66,442$65,868$65,308$64,924
2 years$33,481$32,858$32,253$31,667$31,099$30,711
3 years$22,099$21,473$20,870$20,290$19,731$19,351
4 years$16,409$15,785$15,188$14,618$14,072$13,704
5 years$12,996$12,376$11,787$11,228$10,697$10,342
6 years$10,721$10,106$9,525$8,979$8,464$8,122
7 years$9,097$8,487$7,916$7,382$6,884$6,555
8 years$7,880$7,275$6,713$6,193$5,711$5,395
9 years$6,933$6,334$5,782$5,275$4,809$4,507
10 years$6,177$5,583$5,041$4,547$4,098$3,808
11 years$5,558$4,970$4,438$3,957$3,524$3,248
12 years$5,043$4,461$3,938$3,471$3,054$2,790
13 years$4,607$4,031$3,519$3,064$2,663$2,411
14 years$4,234$3,664$3,162$2,720$2,335$2,095
15 years$3,911$3,348$2,855$2,426$2,055$1,828
16 years$3,628$3,071$2,588$2,172$1,817$1,600
17 years$3,380$2,829$2,355$1,952$1,611$1,405
18 years$3,159$2,614$2,150$1,759$1,432$1,237
19 years$2,961$2,422$1,968$1,589$1,277$1,092
20 years$2,784$2,251$1,806$1,439$1,140$966
21 years$2,623$2,097$1,661$1,306$1,020$856
22 years$2,477$1,957$1,531$1,188$915$759
23 years$2,345$1,831$1,414$1,082$821$674
24 years$2,223$1,715$1,308$987$738$600
25 years$2,112$1,610$1,211$901$664$534
26 years$2,009$1,513$1,123$824$598$476
27 years$1,914$1,424$1,043$754$539$424
28 years$1,825$1,341$970$691$487$379
29 years$1,743$1,266$902$634$439$338
30 years$1,667$1,195$840$581$397$302
31 years$1,596$1,130$783$534$359$270
32 years$1,529$1,069$731$491$325$242
33 years$1,467$1,012$683$451$294$216
34 years$1,408$960$638$415$266$193
35 years$1,353$910$596$382$241$173
36 years$1,301$864$558$352$218$155
37 years$1,252$820$522$324$198$139
38 years$1,205$780$489$299$179$124
39 years$1,161$741$458$276$163$112
40 years$1,120$705$429$254$148$100
41 years$1,080$671$403$235$134$90
42 years$1,043$639$378$216$121$80
43 years$1,007$609$354$200$110$72
44 years$973$581$333$185$100$65
45 years$941$554$312$170$91$58
46 years$910$528$293$157$82$52
47 years$880$504$276$145$75$47
48 years$852$481$259$134$68$42
49 years$825$460$243$124$62$38
50 years$800$439$229$115$56$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $819,000, adding $2,774 every year, while hoping to spend $51,443 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: 33/45/22 Blend
52$819,000$819,000$819,000$819,000
53$905,399$861,992$849,298$929,085
54$943,015$849,495$823,014$934,523
55$982,744$834,661$794,126$935,508
56$1,024,746$817,322$762,492$935,517
57$1,069,198$797,299$727,963$934,496
58$1,116,292$774,402$690,386$932,389
59$1,166,237$748,432$649,598$929,142
60$1,219,264$719,175$605,430$924,700
61$1,275,623$686,408$557,705$919,007
62$1,335,588$649,894$506,240$912,011
63$1,399,459$609,381$450,840$903,657
64$1,467,567$564,603$391,306$893,895
65$1,540,270$515,280$327,426$882,676
66$1,617,964$461,115$258,981$869,952
67$1,701,081$401,794$185,742$855,681
68$1,790,095$336,986$107,469$839,826
69$1,885,528$266,341$23,912$822,352
70$1,987,949$189,489$0$803,235
71$2,097,985$106,040$0$797,774
72$2,216,324$15,580$0$797,628
73$2,343,720$0$0$797,245
74$2,481,003$0$0$837,477
75$2,629,082$0$0$889,287
76$2,788,959$0$0$945,324
77$2,961,731$0$0$1,005,983
78$3,148,608$0$0$1,071,704
79$3,350,918$0$0$1,142,966
80$3,570,118$0$0$1,220,299
81$3,807,816$0$0$1,304,282
82$4,065,776$0$0$1,395,557
83$4,345,938$0$0$1,494,827
84$4,650,439$0$0$1,602,864
85$4,981,627$0$0$1,720,522
86$5,342,087$0$0$1,848,738
87$5,734,663$0$0$1,988,542
88$6,162,483$0$0$2,141,070
89$6,628,992$0$0$2,307,571
90$7,137,980$0$0$2,489,421
91$7,693,618$0$0$2,688,134
92$8,300,500$0$0$2,905,376
93$8,963,681$0$0$3,142,983
94$9,688,728$0$0$3,402,976
95$10,481,767$0$0$3,687,579
96$11,349,548$0$0$3,999,243
97$12,299,500$0$0$4,340,667
98$13,339,803$0$0$4,714,820
99$14,479,469$0$0$5,124,977
100$15,728,420$0$0$5,574,740