Can I retire at age 53 with 822,000?

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 $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%15.8%
1 years$67,880$67,275$66,685$66,110$65,547$63,989
2 years$33,604$32,978$32,372$31,783$31,213$29,652
3 years$22,180$21,552$20,947$20,364$19,803$18,288
4 years$16,469$15,843$15,244$14,671$14,124$12,667
5 years$13,044$12,421$11,830$11,269$10,737$9,341
6 years$10,761$10,143$9,560$9,012$8,495$7,164
7 years$9,131$8,518$7,945$7,409$6,909$5,641
8 years$7,909$7,301$6,738$6,215$5,732$4,527
9 years$6,959$6,357$5,803$5,294$4,827$3,684
10 years$6,199$5,603$5,059$4,564$4,113$3,031
11 years$5,578$4,988$4,454$3,972$3,537$2,514
12 years$5,061$4,477$3,953$3,484$3,065$2,100
13 years$4,624$4,046$3,532$3,076$2,673$1,764
14 years$4,249$3,678$3,173$2,730$2,343$1,487
15 years$3,925$3,360$2,865$2,435$2,063$1,259
16 years$3,642$3,083$2,598$2,180$1,823$1,069
17 years$3,392$2,839$2,364$1,959$1,617$910
18 years$3,170$2,623$2,158$1,765$1,437$777
19 years$2,972$2,431$1,975$1,595$1,281$664
20 years$2,794$2,259$1,813$1,445$1,144$568
21 years$2,633$2,104$1,667$1,311$1,024$487
22 years$2,487$1,964$1,537$1,192$918$418
23 years$2,353$1,837$1,419$1,086$824$359
24 years$2,231$1,721$1,312$990$741$308
25 years$2,119$1,615$1,215$904$666$265
26 years$2,016$1,518$1,127$827$600$228
27 years$1,921$1,429$1,047$757$541$196
28 years$1,832$1,346$973$693$488$169
29 years$1,750$1,270$906$636$441$146
30 years$1,673$1,200$843$584$398$126
31 years$1,602$1,134$786$536$360$108
32 years$1,535$1,073$734$493$326$93
33 years$1,472$1,016$685$453$295$81
34 years$1,413$963$640$417$267$69
35 years$1,358$913$598$384$242$60
36 years$1,306$867$560$353$219$52
37 years$1,256$823$524$326$199$45
38 years$1,210$783$491$300$180$39
39 years$1,166$744$460$277$163$33
40 years$1,124$708$431$255$148$29
41 years$1,084$674$404$235$134$25
42 years$1,047$642$379$217$122$21
43 years$1,011$612$356$201$111$18
44 years$977$583$334$185$100$16
45 years$944$556$313$171$91$14
46 years$913$530$294$158$83$12
47 years$884$506$277$146$75$10
48 years$855$483$260$135$68$9
49 years$828$461$244$125$62$8
50 years$803$441$230$115$56$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $822,000, adding $3,773 every year, while hoping to spend $28,853 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: 28/49/23 Blend
52$822,000$822,000$822,000$822,000
53$909,736$866,170$853,429$928,558
54$971,830$877,913$851,319$955,337
55$1,039,290$889,264$848,172$981,297
56$1,112,633$900,174$843,922$1,008,586
57$1,192,429$910,590$838,501$1,037,335
58$1,279,303$920,455$831,836$1,067,691
59$1,373,943$929,708$823,854$1,099,818
60$1,477,107$938,286$814,475$1,133,898
61$1,589,629$946,119$803,617$1,170,133
62$1,712,427$953,134$791,194$1,208,749
63$1,846,510$959,254$777,115$1,249,996
64$1,992,992$964,395$761,286$1,294,151
65$2,153,097$968,470$743,608$1,341,525
66$2,328,171$971,384$723,978$1,392,459
67$2,519,701$973,037$702,287$1,447,336
68$2,729,319$973,325$678,423$1,506,578
69$2,958,825$972,134$652,266$1,570,655
70$3,210,202$969,344$623,692$1,640,087
71$3,485,630$964,830$592,574$1,715,451
72$3,787,513$958,456$558,774$1,797,388
73$4,118,499$950,079$522,153$1,886,608
74$4,481,502$939,549$482,561$1,983,898
75$4,879,733$926,705$439,844$2,090,129
76$5,316,729$911,377$393,842$2,206,266
77$5,796,385$893,384$344,386$2,333,380
78$6,322,993$872,536$291,299$2,472,654
79$6,901,279$848,631$234,399$2,625,399
80$7,536,451$821,455$173,492$2,793,068
81$8,234,244$790,782$108,379$2,977,265
82$9,000,977$756,371$38,851$3,179,769
83$9,843,614$717,970$0$3,402,544
84$10,769,822$675,310$0$3,656,441
85$11,788,051$628,107$0$3,945,928
86$12,907,610$576,063$0$4,264,179
87$14,138,756$518,859$0$4,614,195
88$15,492,787$456,161$0$4,999,290
89$16,982,153$387,616$0$5,423,124
90$18,620,572$312,848$0$5,889,735
91$20,423,156$231,463$0$6,403,583
92$22,406,557$143,044$0$6,969,593
93$24,589,123$47,150$0$7,593,197
94$26,991,068$0$0$8,280,394
95$29,634,669$0$0$9,068,369
96$32,544,468$0$0$9,963,832
97$35,747,509$0$0$10,949,702
98$39,273,591$0$0$12,035,173
99$43,155,547$0$0$13,230,372
100$47,429,559$0$0$14,546,461