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%14.3%
1 years$67,963$67,357$66,767$66,190$65,627$64,460
2 years$33,645$33,018$32,411$31,822$31,251$30,080
3 years$22,207$21,578$20,972$20,389$19,827$18,687
4 years$16,489$15,862$15,262$14,689$14,141$13,041
5 years$13,060$12,436$11,844$11,283$10,750$9,694
6 years$10,774$10,155$9,572$9,023$8,506$7,495
7 years$9,142$8,528$7,954$7,418$6,917$5,952
8 years$7,918$7,310$6,746$6,223$5,739$4,818
9 years$6,967$6,365$5,810$5,300$4,833$3,957
10 years$6,207$5,610$5,065$4,569$4,118$3,285
11 years$5,585$4,994$4,460$3,976$3,541$2,751
12 years$5,067$4,483$3,958$3,488$3,069$2,321
13 years$4,629$4,051$3,536$3,079$2,676$1,968
14 years$4,255$3,682$3,177$2,733$2,346$1,677
15 years$3,930$3,364$2,868$2,438$2,066$1,435
16 years$3,646$3,086$2,601$2,183$1,826$1,231
17 years$3,396$2,842$2,367$1,961$1,619$1,059
18 years$3,174$2,626$2,160$1,767$1,439$914
19 years$2,976$2,434$1,978$1,597$1,283$790
20 years$2,797$2,262$1,815$1,446$1,146$684
21 years$2,636$2,107$1,669$1,313$1,025$593
22 years$2,490$1,967$1,539$1,194$919$514
23 years$2,356$1,839$1,421$1,087$825$447
24 years$2,234$1,723$1,314$991$742$389
25 years$2,122$1,617$1,217$905$667$338
26 years$2,018$1,520$1,129$828$601$295
27 years$1,923$1,431$1,048$758$542$257
28 years$1,834$1,348$974$694$489$224
29 years$1,752$1,272$907$637$442$195
30 years$1,675$1,201$845$584$399$170
31 years$1,604$1,135$787$537$361$149
32 years$1,537$1,074$735$493$326$130
33 years$1,474$1,017$686$454$295$113
34 years$1,415$964$641$417$267$99
35 years$1,359$915$599$384$242$87
36 years$1,307$868$560$354$219$76
37 years$1,258$824$525$326$199$66
38 years$1,211$783$491$300$180$58
39 years$1,167$745$460$277$163$50
40 years$1,125$709$431$256$148$44
41 years$1,085$675$405$236$135$39
42 years$1,048$643$379$218$122$34
43 years$1,012$612$356$201$111$30
44 years$978$584$334$185$101$26
45 years$945$557$314$171$91$23
46 years$914$531$295$158$83$20
47 years$885$507$277$146$75$17
48 years$856$484$260$135$68$15
49 years$829$462$245$125$62$13
50 years$804$441$230$115$56$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $823,000, adding $6,427 every year, while hoping to spend $24,450 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: 41/43/16 Blend
52$823,000$823,000$823,000$823,000
53$913,575$869,956$857,200$946,477
54$980,746$886,570$859,902$986,994
55$1,053,948$903,178$861,874$1,027,942
56$1,133,771$919,754$863,068$1,071,740
57$1,220,864$936,271$863,429$1,118,660
58$1,315,942$952,697$862,903$1,169,002
59$1,419,789$969,001$861,432$1,223,096
60$1,533,273$985,147$858,955$1,281,309
61$1,657,344$1,001,097$855,408$1,344,042
62$1,793,053$1,016,810$850,724$1,411,741
63$1,941,554$1,032,243$844,832$1,484,895
64$2,104,118$1,047,349$837,660$1,564,047
65$2,282,147$1,062,078$829,130$1,649,794
66$2,477,182$1,076,376$819,162$1,742,794
67$2,690,922$1,090,185$807,671$1,843,776
68$2,925,236$1,103,445$794,569$1,953,542
69$3,182,186$1,116,089$779,762$2,072,978
70$3,464,040$1,128,049$763,155$2,203,063
71$3,773,297$1,139,248$744,646$2,344,874
72$4,112,709$1,149,607$724,128$2,499,602
73$4,485,310$1,159,042$701,490$2,668,561
74$4,894,439$1,167,463$676,618$2,853,200
75$5,343,775$1,174,772$649,388$3,055,117
76$5,837,371$1,180,867$619,674$3,276,077
77$6,379,694$1,185,640$587,343$3,518,026
78$6,975,661$1,188,974$552,257$3,783,112
79$7,630,691$1,190,747$514,271$4,073,704
80$8,350,755$1,190,827$473,233$4,392,415
81$9,142,430$1,189,076$428,984$4,742,128
82$10,012,963$1,185,346$381,360$5,126,024
83$10,970,338$1,179,480$330,188$5,547,611
84$12,023,350$1,171,313$275,287$6,010,758
85$13,181,692$1,160,667$216,470$6,519,734
86$14,456,042$1,147,357$153,538$7,079,246
87$15,858,164$1,131,183$86,288$7,694,488
88$17,401,023$1,111,937$14,504$8,371,186
89$19,098,900$1,089,395$0$9,115,657
90$20,967,535$1,063,323$0$9,945,469
91$23,024,268$1,033,470$0$10,861,034
92$25,288,206$999,573$0$11,868,385
93$27,780,403$961,352$0$12,976,911
94$30,524,057$918,511$0$14,196,958
95$33,544,731$870,738$0$15,539,934
96$36,870,591$817,701$0$17,018,417
97$40,532,673$759,051$0$18,646,271
98$44,565,179$694,417$0$20,438,781
99$49,005,792$623,409$0$22,412,798
100$53,896,040$545,613$0$24,586,897