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%11.6%
1 years$67,963$67,357$66,767$66,190$65,627$65,186
2 years$33,645$33,018$32,411$31,822$31,251$30,806
3 years$22,207$21,578$20,972$20,389$19,827$19,392
4 years$16,489$15,862$15,262$14,689$14,141$13,719
5 years$13,060$12,436$11,844$11,283$10,750$10,343
6 years$10,774$10,155$9,572$9,023$8,506$8,114
7 years$9,142$8,528$7,954$7,418$6,917$6,541
8 years$7,918$7,310$6,746$6,223$5,739$5,378
9 years$6,967$6,365$5,810$5,300$4,833$4,487
10 years$6,207$5,610$5,065$4,569$4,118$3,787
11 years$5,585$4,994$4,460$3,976$3,541$3,226
12 years$5,067$4,483$3,958$3,488$3,069$2,768
13 years$4,629$4,051$3,536$3,079$2,676$2,389
14 years$4,255$3,682$3,177$2,733$2,346$2,073
15 years$3,930$3,364$2,868$2,438$2,066$1,806
16 years$3,646$3,086$2,601$2,183$1,826$1,579
17 years$3,396$2,842$2,367$1,961$1,619$1,385
18 years$3,174$2,626$2,160$1,767$1,439$1,218
19 years$2,976$2,434$1,978$1,597$1,283$1,073
20 years$2,797$2,262$1,815$1,446$1,146$948
21 years$2,636$2,107$1,669$1,313$1,025$838
22 years$2,490$1,967$1,539$1,194$919$742
23 years$2,356$1,839$1,421$1,087$825$659
24 years$2,234$1,723$1,314$991$742$585
25 years$2,122$1,617$1,217$905$667$520
26 years$2,018$1,520$1,129$828$601$463
27 years$1,923$1,431$1,048$758$542$412
28 years$1,834$1,348$974$694$489$367
29 years$1,752$1,272$907$637$442$327
30 years$1,675$1,201$845$584$399$292
31 years$1,604$1,135$787$537$361$260
32 years$1,537$1,074$735$493$326$233
33 years$1,474$1,017$686$454$295$208
34 years$1,415$964$641$417$267$186
35 years$1,359$915$599$384$242$166
36 years$1,307$868$560$354$219$148
37 years$1,258$824$525$326$199$133
38 years$1,211$783$491$300$180$119
39 years$1,167$745$460$277$163$106
40 years$1,125$709$431$256$148$95
41 years$1,085$675$405$236$135$85
42 years$1,048$643$379$218$122$76
43 years$1,012$612$356$201$111$68
44 years$978$584$334$185$101$61
45 years$945$557$314$171$91$55
46 years$914$531$295$158$83$49
47 years$885$507$277$146$75$44
48 years$856$484$260$135$68$39
49 years$829$462$245$125$62$35
50 years$804$441$230$115$56$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $823,000, adding $2,896 every year, while hoping to spend $48,218 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: 74/6/20 Blend
52$823,000$823,000$823,000$823,000
53$909,933$866,314$853,558$972,734
54$951,443$857,460$830,848$1,005,954
55$995,570$846,556$805,762$1,036,205
56$1,042,532$833,451$778,169$1,068,115
57$1,092,564$817,984$747,931$1,101,838
58$1,145,926$799,985$714,907$1,137,546
59$1,202,901$779,275$678,947$1,175,427
60$1,263,801$755,663$639,896$1,215,692
61$1,328,965$728,948$597,589$1,258,572
62$1,398,769$698,915$551,857$1,304,323
63$1,473,621$665,340$502,523$1,353,230
64$1,553,972$627,983$449,399$1,405,604
65$1,640,315$586,592$392,291$1,461,794
66$1,733,192$540,900$330,998$1,522,181
67$1,833,198$490,624$265,307$1,587,191
68$1,940,986$435,466$194,996$1,657,290
69$2,057,273$375,111$119,835$1,732,998
70$2,182,848$309,225$39,583$1,814,886
71$2,318,578$237,456$0$1,903,587
72$2,465,414$159,432$0$2,009,630
73$2,624,403$74,761$0$2,133,609
74$2,796,695$0$0$2,267,983
75$2,983,557$0$0$2,414,874
76$3,186,378$0$0$2,579,699
77$3,406,691$0$0$2,758,769
78$3,646,177$0$0$2,953,457
79$3,906,689$0$0$3,165,271
80$4,190,263$0$0$3,395,873
81$4,499,143$0$0$3,647,091
82$4,835,796$0$0$3,920,935
83$5,202,935$0$0$4,219,619
84$5,603,550$0$0$4,545,580
85$6,040,930$0$0$4,901,499
86$6,518,697$0$0$5,290,328
87$7,040,835$0$0$5,715,317
88$7,611,735$0$0$6,180,044
89$8,236,227$0$0$6,688,449
90$8,919,633$0$0$7,244,870
91$9,667,810$0$0$7,854,083
92$10,487,210$0$0$8,521,348
93$11,384,938$0$0$9,252,457
94$12,368,816$0$0$10,053,791
95$13,447,463$0$0$10,932,375
96$14,630,368$0$0$11,895,947
97$15,927,984$0$0$12,953,030
98$17,351,824$0$0$14,113,011
99$18,914,571$0$0$15,386,233
100$20,630,192$0$0$16,784,084