Can I retire at age 53 with 820,000?

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 $820,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$67,715$67,112$66,523$65,949$65,388$63,678
2 years$33,522$32,898$32,293$31,706$31,137$29,426
3 years$22,126$21,499$20,896$20,314$19,755$18,096
4 years$16,429$15,804$15,207$14,635$14,089$12,496
5 years$13,012$12,391$11,801$11,241$10,710$9,186
6 years$10,735$10,118$9,537$8,990$8,475$7,022
7 years$9,108$8,497$7,925$7,391$6,892$5,510
8 years$7,889$7,283$6,721$6,200$5,718$4,407
9 years$6,942$6,342$5,789$5,281$4,815$3,573
10 years$6,184$5,590$5,047$4,552$4,103$2,929
11 years$5,565$4,976$4,443$3,962$3,529$2,420
12 years$5,049$4,466$3,943$3,475$3,058$2,014
13 years$4,613$4,036$3,523$3,068$2,666$1,684
14 years$4,239$3,669$3,165$2,723$2,337$1,415
15 years$3,916$3,352$2,858$2,429$2,058$1,193
16 years$3,633$3,075$2,591$2,175$1,819$1,008
17 years$3,384$2,832$2,358$1,954$1,613$855
18 years$3,162$2,617$2,152$1,761$1,434$726
19 years$2,965$2,425$1,970$1,591$1,278$618
20 years$2,787$2,254$1,808$1,441$1,142$526
21 years$2,626$2,099$1,663$1,308$1,022$449
22 years$2,480$1,960$1,533$1,189$916$383
23 years$2,348$1,833$1,416$1,083$822$328
24 years$2,226$1,717$1,309$988$739$280
25 years$2,114$1,611$1,212$902$665$240
26 years$2,011$1,515$1,125$825$599$205
27 years$1,916$1,425$1,044$755$540$176
28 years$1,828$1,343$971$692$487$151
29 years$1,746$1,267$903$634$440$129
30 years$1,669$1,197$841$582$398$111
31 years$1,598$1,131$784$535$359$95
32 years$1,531$1,070$732$491$325$82
33 years$1,468$1,014$683$452$294$70
34 years$1,410$961$639$416$266$60
35 years$1,354$911$597$383$241$52
36 years$1,302$865$558$352$219$44
37 years$1,253$821$523$325$198$38
38 years$1,207$781$489$299$180$33
39 years$1,163$742$459$276$163$28
40 years$1,121$706$430$255$148$24
41 years$1,082$672$403$235$134$21
42 years$1,044$640$378$217$122$18
43 years$1,008$610$355$200$110$15
44 years$974$581$333$185$100$13
45 years$942$555$313$171$91$11
46 years$911$529$294$158$83$10
47 years$882$505$276$146$75$8
48 years$853$482$259$135$68$7
49 years$826$460$244$124$62$6
50 years$801$440$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 $820,000, adding $5,755 every year, while hoping to spend $53,252 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: 57/14/29 Blend
52$820,000$820,000$820,000$820,000
53$909,576$866,116$853,406$953,874
54$945,693$851,896$825,336$970,736
55$983,710$835,195$794,540$983,066
56$1,023,762$815,834$760,872$995,428
57$1,066,002$793,625$724,176$1,007,843
58$1,110,591$768,369$684,293$1,020,334
59$1,157,707$739,856$641,053$1,032,934
60$1,207,545$707,861$594,280$1,045,678
61$1,260,317$672,148$543,791$1,058,609
62$1,316,254$632,468$489,392$1,071,780
63$1,375,609$588,556$430,884$1,085,249
64$1,438,659$540,133$368,057$1,099,088
65$1,505,707$486,904$300,691$1,113,377
66$1,577,082$428,556$228,558$1,128,210
67$1,653,149$364,759$151,419$1,143,695
68$1,734,303$295,166$69,024$1,159,956
69$1,820,980$219,407$0$1,177,133
70$1,913,656$137,094$0$1,201,238
71$2,012,853$47,816$0$1,249,777
72$2,119,145$0$0$1,301,665
73$2,233,159$0$0$1,364,755
74$2,355,585$0$0$1,440,460
75$2,487,180$0$0$1,521,886
76$2,628,775$0$0$1,609,554
77$2,781,281$0$0$1,704,036
78$2,945,700$0$0$1,805,960
79$3,123,133$0$0$1,916,016
80$3,314,789$0$0$2,034,961
81$3,521,996$0$0$2,163,630
82$3,746,215$0$0$2,302,937
83$3,989,051$0$0$2,453,891
84$4,252,270$0$0$2,617,597
85$4,537,811$0$0$2,795,274
86$4,847,809$0$0$2,988,261
87$5,184,611$0$0$3,198,029
88$5,550,802$0$0$3,426,201
89$5,949,220$0$0$3,674,558
90$6,382,992$0$0$3,945,063
91$6,855,558$0$0$4,239,874
92$7,370,703$0$0$4,561,366
93$7,932,593$0$0$4,912,155
94$8,545,814$0$0$5,295,119
95$9,215,412$0$0$5,713,425
96$9,946,943$0$0$6,170,562
97$10,746,525$0$0$6,670,370
98$11,620,891$0$0$7,217,076
99$12,577,457$0$0$7,815,335
100$13,624,387$0$0$8,470,274