Can I retire at age 53 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$67,963$67,357$66,767$66,190$65,627$63,374
2 years$33,645$33,018$32,411$31,822$31,251$29,004
3 years$22,207$21,578$20,972$20,389$19,827$17,657
4 years$16,489$15,862$15,262$14,689$14,141$12,064
5 years$13,060$12,436$11,844$11,283$10,750$8,771
6 years$10,774$10,155$9,572$9,023$8,506$6,628
7 years$9,142$8,528$7,954$7,418$6,917$5,140
8 years$7,918$7,310$6,746$6,223$5,739$4,059
9 years$6,967$6,365$5,810$5,300$4,833$3,250
10 years$6,207$5,610$5,065$4,569$4,118$2,629
11 years$5,585$4,994$4,460$3,976$3,541$2,143
12 years$5,067$4,483$3,958$3,488$3,069$1,759
13 years$4,629$4,051$3,536$3,079$2,676$1,450
14 years$4,255$3,682$3,177$2,733$2,346$1,201
15 years$3,930$3,364$2,868$2,438$2,066$997
16 years$3,646$3,086$2,601$2,183$1,826$830
17 years$3,396$2,842$2,367$1,961$1,619$693
18 years$3,174$2,626$2,160$1,767$1,439$580
19 years$2,976$2,434$1,978$1,597$1,283$485
20 years$2,797$2,262$1,815$1,446$1,146$407
21 years$2,636$2,107$1,669$1,313$1,025$342
22 years$2,490$1,967$1,539$1,194$919$287
23 years$2,356$1,839$1,421$1,087$825$241
24 years$2,234$1,723$1,314$991$742$203
25 years$2,122$1,617$1,217$905$667$171
26 years$2,018$1,520$1,129$828$601$144
27 years$1,923$1,431$1,048$758$542$121
28 years$1,834$1,348$974$694$489$102
29 years$1,752$1,272$907$637$442$86
30 years$1,675$1,201$845$584$399$72
31 years$1,604$1,135$787$537$361$61
32 years$1,537$1,074$735$493$326$52
33 years$1,474$1,017$686$454$295$43
34 years$1,415$964$641$417$267$37
35 years$1,359$915$599$384$242$31
36 years$1,307$868$560$354$219$26
37 years$1,258$824$525$326$199$22
38 years$1,211$783$491$300$180$19
39 years$1,167$745$460$277$163$16
40 years$1,125$709$431$256$148$13
41 years$1,085$675$405$236$135$11
42 years$1,048$643$379$218$122$9
43 years$1,012$612$356$201$111$8
44 years$978$584$334$185$101$7
45 years$945$557$314$171$91$6
46 years$914$531$295$158$83$5
47 years$885$507$277$146$75$4
48 years$856$484$260$135$68$3
49 years$829$462$245$125$62$3
50 years$804$441$230$115$56$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $823,000, adding $5,990 every year, while hoping to spend $53,836 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: 52/24/24 Blend
52$823,000$823,000$823,000$823,000
53$913,125$869,506$856,749$954,222
54$948,982$854,830$828,169$968,608
55$986,693$837,632$796,827$978,246
56$1,026,389$817,729$762,575$987,622
57$1,068,214$794,931$725,254$996,733
58$1,112,325$769,036$684,704$1,005,577
59$1,158,893$739,829$640,752$1,014,156
60$1,208,104$707,085$593,220$1,022,476
61$1,260,161$670,562$541,924$1,030,546
62$1,315,285$630,008$486,666$1,038,382
63$1,373,720$585,154$427,245$1,046,005
64$1,435,730$535,717$363,449$1,053,442
65$1,501,605$481,397$295,054$1,060,730
66$1,571,661$421,878$221,831$1,067,913
67$1,646,245$356,824$143,536$1,075,045
68$1,725,735$285,883$59,919$1,082,193
69$1,810,549$208,679$0$1,089,434
70$1,901,140$124,820$0$1,104,370
71$1,998,008$33,888$0$1,136,467
72$2,101,700$0$0$1,170,567
73$2,212,814$0$0$1,223,944
74$2,332,010$0$0$1,290,859
75$2,460,009$0$0$1,362,775
76$2,597,602$0$0$1,440,144
77$2,745,661$0$0$1,523,463
78$2,905,139$0$0$1,613,278
79$3,077,085$0$0$1,710,189
80$3,262,653$0$0$1,814,853
81$3,463,106$0$0$1,927,996
82$3,679,838$0$0$2,050,412
83$3,914,376$0$0$2,182,976
84$4,168,402$0$0$2,326,649
85$4,443,763$0$0$2,482,489
86$4,742,492$0$0$2,651,657
87$5,066,823$0$0$2,835,434
88$5,419,215$0$0$3,035,225
89$5,802,372$0$0$3,252,577
90$6,219,268$0$0$3,489,194
91$6,673,176$0$0$3,746,949
92$7,167,699$0$0$4,027,904
93$7,706,800$0$0$4,334,327
94$8,294,841$0$0$4,668,715
95$8,936,624$0$0$5,033,819
96$9,637,433$0$0$5,432,663
97$10,403,087$0$0$5,868,579
98$11,239,990$0$0$6,345,235
99$12,155,196$0$0$6,866,669
100$13,156,466$0$0$7,437,326