Can I retire at age 53 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$67,797$67,194$66,604$66,029$65,468$63,397
2 years$33,563$32,938$32,332$31,745$31,175$29,108
3 years$22,153$21,525$20,921$20,339$19,779$17,780
4 years$16,449$15,823$15,225$14,653$14,106$12,191
5 years$13,028$12,406$11,815$11,255$10,723$8,897
6 years$10,748$10,130$9,549$9,001$8,485$6,748
7 years$9,120$8,507$7,935$7,400$6,901$5,254
8 years$7,899$7,292$6,729$6,208$5,725$4,167
9 years$6,950$6,349$5,796$5,288$4,821$3,350
10 years$6,192$5,597$5,053$4,558$4,108$2,722
11 years$5,571$4,982$4,449$3,967$3,533$2,229
12 years$5,055$4,472$3,948$3,479$3,061$1,838
13 years$4,618$4,041$3,527$3,072$2,670$1,523
14 years$4,244$3,673$3,169$2,727$2,340$1,267
15 years$3,920$3,356$2,862$2,432$2,061$1,057
16 years$3,637$3,079$2,594$2,177$1,821$885
17 years$3,388$2,835$2,361$1,956$1,615$742
18 years$3,166$2,620$2,155$1,763$1,436$624
19 years$2,968$2,428$1,973$1,593$1,280$525
20 years$2,790$2,256$1,811$1,443$1,143$443
21 years$2,630$2,102$1,665$1,310$1,023$374
22 years$2,484$1,962$1,535$1,191$917$316
23 years$2,350$1,835$1,417$1,084$823$267
24 years$2,229$1,719$1,311$989$740$226
25 years$2,117$1,613$1,214$903$666$191
26 years$2,014$1,516$1,126$826$600$162
27 years$1,918$1,427$1,045$756$541$137
28 years$1,830$1,345$972$693$488$116
29 years$1,748$1,269$904$635$440$98
30 years$1,671$1,198$842$583$398$83
31 years$1,600$1,133$785$535$360$71
32 years$1,533$1,072$733$492$325$60
33 years$1,470$1,015$684$452$295$51
34 years$1,411$962$639$416$267$43
35 years$1,356$912$598$383$242$37
36 years$1,304$866$559$353$219$31
37 years$1,255$822$523$325$198$26
38 years$1,208$782$490$300$180$22
39 years$1,164$743$459$276$163$19
40 years$1,122$707$430$255$148$16
41 years$1,083$673$404$235$134$14
42 years$1,045$641$379$217$122$12
43 years$1,009$611$355$200$111$10
44 years$975$582$333$185$100$8
45 years$943$555$313$171$91$7
46 years$912$530$294$158$83$6
47 years$883$505$276$146$75$5
48 years$854$482$260$135$68$4
49 years$827$461$244$125$62$4
50 years$802$440$229$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $821,000, adding $3,497 every year, while hoping to spend $40,538 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: 60/11/29 Blend
52$821,000$821,000$821,000$821,000
53$908,349$864,836$852,111$955,509
54$957,869$864,081$837,524$987,359
55$1,011,080$861,930$821,091$1,017,473
56$1,068,318$858,273$802,705$1,049,493
57$1,129,949$852,990$782,258$1,083,615
58$1,196,375$845,958$759,634$1,120,058
59$1,268,038$837,042$734,715$1,159,061
60$1,345,424$826,104$707,374$1,200,894
61$1,429,067$812,993$677,481$1,245,851
62$1,519,554$797,551$644,898$1,294,262
63$1,617,529$779,611$609,483$1,346,491
64$1,723,701$758,997$571,085$1,402,942
65$1,838,850$735,519$529,548$1,464,062
66$1,963,834$708,980$484,708$1,530,345
67$2,099,594$679,170$436,395$1,602,341
68$2,247,168$645,865$384,431$1,680,654
69$2,407,698$608,831$328,628$1,765,958
70$2,582,439$567,819$268,792$1,858,996
71$2,772,771$522,565$204,720$1,960,588
72$2,980,215$472,793$136,199$2,071,646
73$3,206,444$418,207$63,009$2,193,175
74$3,453,299$358,497$0$2,326,288
75$3,722,807$293,335$0$2,476,886
76$4,017,199$222,374$0$2,662,767
77$4,338,931$145,248$0$2,865,996
78$4,690,707$61,570$0$3,088,316
79$5,075,504$0$0$3,331,646
80$5,496,600$0$0$3,601,622
81$5,957,605$0$0$3,905,408
82$6,462,494$0$0$4,238,177
83$7,015,643$0$0$4,602,822
84$7,621,874$0$0$5,002,530
85$8,286,495$0$0$5,440,811
86$9,015,354$0$0$5,921,528
87$9,814,892$0$0$6,448,941
88$10,692,201$0$0$7,027,737
89$11,655,096$0$0$7,663,081
90$12,712,183$0$0$8,360,664
91$13,872,944$0$0$9,126,753
92$15,147,821$0$0$9,968,253
93$16,548,322$0$0$10,892,767
94$18,087,119$0$0$11,908,677
95$19,778,176$0$0$13,025,212
96$21,636,874$0$0$14,252,542
97$23,680,162$0$0$15,601,871
98$25,926,710$0$0$17,085,541
99$28,397,087$0$0$18,717,153
100$31,113,957$0$0$20,511,689