Can I retire at age 53 with 822,000?

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 $822,000?

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$67,880$67,275$66,685$66,110$65,547$63,475
2 years$33,604$32,978$32,372$31,783$31,213$29,144
3 years$22,180$21,552$20,947$20,364$19,803$17,802
4 years$16,469$15,843$15,244$14,671$14,124$12,206
5 years$13,044$12,421$11,830$11,269$10,737$8,907
6 years$10,761$10,143$9,560$9,012$8,495$6,757
7 years$9,131$8,518$7,945$7,409$6,909$5,260
8 years$7,909$7,301$6,738$6,215$5,732$4,172
9 years$6,959$6,357$5,803$5,294$4,827$3,354
10 years$6,199$5,603$5,059$4,564$4,113$2,725
11 years$5,578$4,988$4,454$3,972$3,537$2,232
12 years$5,061$4,477$3,953$3,484$3,065$1,840
13 years$4,624$4,046$3,532$3,076$2,673$1,524
14 years$4,249$3,678$3,173$2,730$2,343$1,268
15 years$3,925$3,360$2,865$2,435$2,063$1,059
16 years$3,642$3,083$2,598$2,180$1,823$886
17 years$3,392$2,839$2,364$1,959$1,617$743
18 years$3,170$2,623$2,158$1,765$1,437$625
19 years$2,972$2,431$1,975$1,595$1,281$526
20 years$2,794$2,259$1,813$1,445$1,144$443
21 years$2,633$2,104$1,667$1,311$1,024$374
22 years$2,487$1,964$1,537$1,192$918$316
23 years$2,353$1,837$1,419$1,086$824$267
24 years$2,231$1,721$1,312$990$741$226
25 years$2,119$1,615$1,215$904$666$191
26 years$2,016$1,518$1,127$827$600$162
27 years$1,921$1,429$1,047$757$541$137
28 years$1,832$1,346$973$693$488$116
29 years$1,750$1,270$906$636$441$99
30 years$1,673$1,200$843$584$398$84
31 years$1,602$1,134$786$536$360$71
32 years$1,535$1,073$734$493$326$60
33 years$1,472$1,016$685$453$295$51
34 years$1,413$963$640$417$267$43
35 years$1,358$913$598$384$242$37
36 years$1,306$867$560$353$219$31
37 years$1,256$823$524$326$199$26
38 years$1,210$783$491$300$180$22
39 years$1,166$744$460$277$163$19
40 years$1,124$708$431$255$148$16
41 years$1,084$674$404$235$134$14
42 years$1,047$642$379$217$122$12
43 years$1,011$612$356$201$111$10
44 years$977$583$334$185$100$8
45 years$944$556$313$171$91$7
46 years$913$530$294$158$83$6
47 years$884$506$277$146$75$5
48 years$855$483$260$135$68$4
49 years$828$461$244$125$62$4
50 years$803$441$230$115$56$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $822,000, adding $3,057 every year, while hoping to spend $38,968 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: 70/23/7 Blend
52$822,000$822,000$822,000$822,000
53$908,997$865,431$852,690$971,423
54$960,253$866,376$839,794$1,014,050
55$1,015,432$866,061$825,159$1,055,590
56$1,074,891$864,383$808,687$1,099,975
57$1,139,025$861,233$790,274$1,147,474
58$1,208,268$856,495$769,810$1,198,387
59$1,283,095$850,047$747,182$1,253,041
60$1,364,029$841,758$722,271$1,311,801
61$1,451,645$831,489$694,953$1,375,068
62$1,546,575$819,095$665,096$1,443,285
63$1,649,515$804,419$632,566$1,516,941
64$1,761,227$787,298$597,219$1,596,575
65$1,882,554$767,557$558,907$1,682,783
66$2,014,419$745,012$517,474$1,776,222
67$2,157,839$719,466$472,759$1,877,619
68$2,313,933$690,715$424,591$1,987,775
69$2,483,932$658,539$372,794$2,107,574
70$2,669,192$622,706$317,181$2,237,991
71$2,871,204$582,972$257,560$2,380,105
72$3,091,607$539,079$193,729$2,535,105
73$3,332,210$490,752$125,478$2,704,302
74$3,594,999$437,703$52,586$2,889,146
75$3,882,165$379,626$0$3,091,234
76$4,196,116$316,198$0$3,314,213
77$4,539,507$247,079$0$3,562,460
78$4,915,258$171,907$0$3,834,212
79$5,326,586$90,302$0$4,131,856
80$5,777,034$1,863$0$4,458,030
81$6,270,503$0$0$4,815,640
82$6,811,288$0$0$5,231,640
83$7,404,120$0$0$5,688,240
84$8,054,211$0$0$6,188,986
85$8,767,300$0$0$6,738,305
86$9,549,708$0$0$7,341,074
87$10,408,398$0$0$8,002,662
88$11,351,039$0$0$8,728,985
89$12,386,082$0$0$9,526,560
90$13,522,832$0$0$10,402,564
91$14,771,541$0$0$11,364,907
92$16,143,504$0$0$12,422,299
93$17,651,163$0$0$13,584,337
94$19,308,226$0$0$14,861,594
95$21,129,793$0$0$16,265,719
96$23,132,502$0$0$17,809,544
97$25,334,683$0$0$19,507,208
98$27,756,530$0$0$21,374,288
99$30,420,294$0$0$23,427,947
100$33,350,488$0$0$25,687,093