Can I retire at age 53 with 820,000?

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 $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%12%
1 years$67,715$67,112$66,523$65,949$65,388$64,840
2 years$33,522$32,898$32,293$31,706$31,137$30,585
3 years$22,126$21,499$20,896$20,314$19,755$19,215
4 years$16,429$15,804$15,207$14,635$14,089$13,567
5 years$13,012$12,391$11,801$11,241$10,710$10,206
6 years$10,735$10,118$9,537$8,990$8,475$7,990
7 years$9,108$8,497$7,925$7,391$6,892$6,427
8 years$7,889$7,283$6,721$6,200$5,718$5,272
9 years$6,942$6,342$5,789$5,281$4,815$4,388
10 years$6,184$5,590$5,047$4,552$4,103$3,695
11 years$5,565$4,976$4,443$3,962$3,529$3,139
12 years$5,049$4,466$3,943$3,475$3,058$2,687
13 years$4,613$4,036$3,523$3,068$2,666$2,313
14 years$4,239$3,669$3,165$2,723$2,337$2,002
15 years$3,916$3,352$2,858$2,429$2,058$1,739
16 years$3,633$3,075$2,591$2,175$1,819$1,517
17 years$3,384$2,832$2,358$1,954$1,613$1,326
18 years$3,162$2,617$2,152$1,761$1,434$1,163
19 years$2,965$2,425$1,970$1,591$1,278$1,022
20 years$2,787$2,254$1,808$1,441$1,142$900
21 years$2,626$2,099$1,663$1,308$1,022$794
22 years$2,480$1,960$1,533$1,189$916$701
23 years$2,348$1,833$1,416$1,083$822$620
24 years$2,226$1,717$1,309$988$739$549
25 years$2,114$1,611$1,212$902$665$486
26 years$2,011$1,515$1,125$825$599$431
27 years$1,916$1,425$1,044$755$540$383
28 years$1,828$1,343$971$692$487$340
29 years$1,746$1,267$903$634$440$302
30 years$1,669$1,197$841$582$398$269
31 years$1,598$1,131$784$535$359$239
32 years$1,531$1,070$732$491$325$213
33 years$1,468$1,014$683$452$294$189
34 years$1,410$961$639$416$266$169
35 years$1,354$911$597$383$241$150
36 years$1,302$865$558$352$219$134
37 years$1,253$821$523$325$198$119
38 years$1,207$781$489$299$180$106
39 years$1,163$742$459$276$163$95
40 years$1,121$706$430$255$148$85
41 years$1,082$672$403$235$134$75
42 years$1,044$640$378$217$122$67
43 years$1,008$610$355$200$110$60
44 years$974$581$333$185$100$54
45 years$942$555$313$171$91$48
46 years$911$529$294$158$83$43
47 years$882$505$276$146$75$38
48 years$853$482$259$135$68$34
49 years$826$460$244$124$62$30
50 years$801$440$229$115$56$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $820,000, adding $3,482 every year, while hoping to spend $23,550 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: 38/38/24 Blend
52$820,000$820,000$820,000$820,000
53$907,232$863,772$851,062$935,091
54$974,712$881,039$854,515$972,964
55$1,048,287$898,364$857,295$1,011,421
56$1,128,551$915,723$859,354$1,052,516
57$1,216,163$933,094$860,642$1,096,503
58$1,311,845$950,449$861,107$1,143,661
59$1,416,394$967,761$860,694$1,194,299
60$1,530,684$984,999$859,346$1,248,756
61$1,655,681$1,002,132$857,001$1,307,410
62$1,792,448$1,019,123$853,598$1,370,675
63$1,942,153$1,035,935$849,068$1,439,010
64$2,106,084$1,052,528$843,344$1,512,921
65$2,285,660$1,068,857$836,352$1,592,965
66$2,482,443$1,084,876$828,015$1,679,760
67$2,698,152$1,100,536$818,253$1,773,986
68$2,934,682$1,115,781$806,984$1,876,395
69$3,194,120$1,130,554$794,118$1,987,815
70$3,478,764$1,144,795$779,565$2,109,161
71$3,791,146$1,158,437$763,227$2,241,445
72$4,134,052$1,171,411$745,005$2,385,779
73$4,510,556$1,183,640$724,794$2,543,396
74$4,924,041$1,195,047$702,482$2,715,652
75$5,378,233$1,205,544$677,955$2,904,047
76$5,877,239$1,215,042$651,093$3,110,233
77$6,425,582$1,223,443$621,769$3,336,034
78$7,028,245$1,230,646$589,852$3,583,466
79$7,690,718$1,236,540$555,204$3,854,747
80$8,419,050$1,241,009$517,682$4,152,330
81$9,219,904$1,243,929$477,135$4,478,918
82$10,100,621$1,245,169$433,406$4,837,494
83$11,069,291$1,244,588$386,332$5,231,349
84$12,134,824$1,242,039$335,740$5,664,114
85$13,307,041$1,237,363$281,452$6,139,793
86$14,596,759$1,230,394$223,281$6,662,804
87$16,015,900$1,220,955$161,032$7,238,019
88$17,577,596$1,208,856$94,501$7,870,814
89$19,296,320$1,193,899$23,475$8,567,115
90$21,188,016$1,175,871$0$9,333,462
91$23,270,255$1,154,550$0$10,190,463
92$25,562,395$1,129,698$0$11,139,959
93$28,085,769$1,101,063$0$12,184,764
94$30,863,882$1,068,379$0$13,334,615
95$33,922,632$1,031,364$0$14,600,244
96$37,290,561$989,721$0$15,993,484
97$40,999,114$943,133$0$17,527,377
98$45,082,945$891,268$0$19,216,300
99$49,580,237$833,772$0$21,076,103
100$54,533,066$770,271$0$23,124,255