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%16.3%
1 years$67,632$67,030$66,442$65,868$65,308$63,626
2 years$33,481$32,858$32,253$31,667$31,099$29,416
3 years$22,099$21,473$20,870$20,290$19,731$18,098
4 years$16,409$15,785$15,188$14,618$14,072$12,504
5 years$12,996$12,376$11,787$11,228$10,697$9,197
6 years$10,721$10,106$9,525$8,979$8,464$7,034
7 years$9,097$8,487$7,916$7,382$6,884$5,523
8 years$7,880$7,275$6,713$6,193$5,711$4,419
9 years$6,933$6,334$5,782$5,275$4,809$3,586
10 years$6,177$5,583$5,041$4,547$4,098$2,941
11 years$5,558$4,970$4,438$3,957$3,524$2,432
12 years$5,043$4,461$3,938$3,471$3,054$2,024
13 years$4,607$4,031$3,519$3,064$2,663$1,694
14 years$4,234$3,664$3,162$2,720$2,335$1,424
15 years$3,911$3,348$2,855$2,426$2,055$1,202
16 years$3,628$3,071$2,588$2,172$1,817$1,017
17 years$3,380$2,829$2,355$1,952$1,611$862
18 years$3,159$2,614$2,150$1,759$1,432$733
19 years$2,961$2,422$1,968$1,589$1,277$624
20 years$2,784$2,251$1,806$1,439$1,140$532
21 years$2,623$2,097$1,661$1,306$1,020$454
22 years$2,477$1,957$1,531$1,188$915$388
23 years$2,345$1,831$1,414$1,082$821$332
24 years$2,223$1,715$1,308$987$738$284
25 years$2,112$1,610$1,211$901$664$243
26 years$2,009$1,513$1,123$824$598$209
27 years$1,914$1,424$1,043$754$539$179
28 years$1,825$1,341$970$691$487$153
29 years$1,743$1,266$902$634$439$132
30 years$1,667$1,195$840$581$397$113
31 years$1,596$1,130$783$534$359$97
32 years$1,529$1,069$731$491$325$83
33 years$1,467$1,012$683$451$294$72
34 years$1,408$960$638$415$266$61
35 years$1,353$910$596$382$241$53
36 years$1,301$864$558$352$218$45
37 years$1,252$820$522$324$198$39
38 years$1,205$780$489$299$179$34
39 years$1,161$741$458$276$163$29
40 years$1,120$705$429$254$148$25
41 years$1,080$671$403$235$134$21
42 years$1,043$639$378$216$121$18
43 years$1,007$609$354$200$110$16
44 years$973$581$333$185$100$14
45 years$941$554$312$170$91$12
46 years$910$528$293$157$82$10
47 years$880$504$276$145$75$9
48 years$852$481$259$134$68$7
49 years$825$460$243$124$62$6
50 years$800$439$229$115$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $819,000, adding $4,283 every year, while hoping to spend $58,667 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: 42/46/12 Blend
52$819,000$819,000$819,000$819,000
53$906,956$863,549$850,854$941,689
54$937,044$843,442$816,937$946,344
55$968,235$820,383$779,917$945,199
56$1,000,579$794,166$739,628$942,663
57$1,034,131$764,572$695,898$938,633
58$1,068,946$731,370$648,545$933,003
59$1,105,087$694,316$597,379$925,659
60$1,142,618$653,149$542,204$916,482
61$1,181,609$607,597$482,811$905,346
62$1,222,134$557,370$418,986$892,120
63$1,264,272$502,162$350,503$876,665
64$1,308,109$441,649$277,126$858,835
65$1,353,736$375,490$198,610$838,477
66$1,401,252$303,324$114,698$815,431
67$1,450,761$224,768$25,122$789,529
68$1,502,378$139,421$0$760,593
69$1,556,224$46,856$0$737,464
70$1,612,431$0$0$714,942
71$1,671,142$0$0$716,663
72$1,732,510$0$0$743,277
73$1,796,702$0$0$771,142
74$1,863,896$0$0$800,338
75$1,934,288$0$0$830,954
76$2,008,089$0$0$863,086
77$2,085,527$0$0$896,838
78$2,166,851$0$0$932,323
79$2,252,331$0$0$969,663
80$2,342,261$0$0$1,008,993
81$2,436,960$0$0$1,050,457
82$2,536,775$0$0$1,094,216
83$2,642,085$0$0$1,140,441
84$2,753,304$0$0$1,189,321
85$2,870,881$0$0$1,241,062
86$2,995,309$0$0$1,295,890
87$3,127,124$0$0$1,354,050
88$3,266,912$0$0$1,415,810
89$3,415,314$0$0$1,481,464
90$3,573,031$0$0$1,551,335
91$3,740,830$0$0$1,625,773
92$3,919,551$0$0$1,705,165
93$4,110,111$0$0$1,789,931
94$4,313,517$0$0$1,880,536
95$4,530,872$0$0$1,977,485
96$4,763,385$0$0$2,081,334
97$5,012,381$0$0$2,192,694
98$5,279,313$0$0$2,312,232
99$5,565,775$0$0$2,440,684
100$5,873,518$0$0$2,578,856