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%14.2%
1 years$67,963$67,357$66,767$66,190$65,627$64,487
2 years$33,645$33,018$32,411$31,822$31,251$30,106
3 years$22,207$21,578$20,972$20,389$19,827$18,713
4 years$16,489$15,862$15,262$14,689$14,141$13,066
5 years$13,060$12,436$11,844$11,283$10,750$9,717
6 years$10,774$10,155$9,572$9,023$8,506$7,517
7 years$9,142$8,528$7,954$7,418$6,917$5,973
8 years$7,918$7,310$6,746$6,223$5,739$4,838
9 years$6,967$6,365$5,810$5,300$4,833$3,975
10 years$6,207$5,610$5,065$4,569$4,118$3,303
11 years$5,585$4,994$4,460$3,976$3,541$2,768
12 years$5,067$4,483$3,958$3,488$3,069$2,336
13 years$4,629$4,051$3,536$3,079$2,676$1,982
14 years$4,255$3,682$3,177$2,733$2,346$1,690
15 years$3,930$3,364$2,868$2,438$2,066$1,447
16 years$3,646$3,086$2,601$2,183$1,826$1,243
17 years$3,396$2,842$2,367$1,961$1,619$1,070
18 years$3,174$2,626$2,160$1,767$1,439$924
19 years$2,976$2,434$1,978$1,597$1,283$799
20 years$2,797$2,262$1,815$1,446$1,146$692
21 years$2,636$2,107$1,669$1,313$1,025$600
22 years$2,490$1,967$1,539$1,194$919$521
23 years$2,356$1,839$1,421$1,087$825$453
24 years$2,234$1,723$1,314$991$742$395
25 years$2,122$1,617$1,217$905$667$344
26 years$2,018$1,520$1,129$828$601$300
27 years$1,923$1,431$1,048$758$542$261
28 years$1,834$1,348$974$694$489$228
29 years$1,752$1,272$907$637$442$199
30 years$1,675$1,201$845$584$399$174
31 years$1,604$1,135$787$537$361$152
32 years$1,537$1,074$735$493$326$133
33 years$1,474$1,017$686$454$295$116
34 years$1,415$964$641$417$267$101
35 years$1,359$915$599$384$242$89
36 years$1,307$868$560$354$219$78
37 years$1,258$824$525$326$199$68
38 years$1,211$783$491$300$180$59
39 years$1,167$745$460$277$163$52
40 years$1,125$709$431$256$148$45
41 years$1,085$675$405$236$135$40
42 years$1,048$643$379$218$122$35
43 years$1,012$612$356$201$111$30
44 years$978$584$334$185$101$27
45 years$945$557$314$171$91$23
46 years$914$531$295$158$83$20
47 years$885$507$277$146$75$18
48 years$856$484$260$135$68$16
49 years$829$462$245$125$62$14
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 $4,058 every year, while hoping to spend $30,270 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: 49/27/24 Blend
52$823,000$823,000$823,000$823,000
53$911,132$867,513$854,756$949,414
54$971,860$877,814$851,184$986,831
55$1,037,768$887,605$846,477$1,024,098
56$1,109,353$896,830$840,566$1,063,973
57$1,187,159$905,427$833,377$1,106,716
58$1,271,789$913,332$824,834$1,152,613
59$1,363,902$920,476$814,857$1,201,983
60$1,464,225$926,785$803,360$1,255,175
61$1,573,560$932,181$790,257$1,312,579
62$1,692,787$936,581$775,454$1,374,623
63$1,822,874$939,897$758,854$1,441,782
64$1,964,889$942,034$740,358$1,514,581
65$2,120,006$942,892$719,859$1,593,598
66$2,289,518$942,365$697,245$1,679,474
67$2,474,849$940,341$672,403$1,772,919
68$2,677,565$936,699$645,209$1,874,713
69$2,899,391$931,312$615,539$1,985,721
70$3,142,229$924,046$583,259$2,106,899
71$3,408,169$914,758$548,232$2,239,301
72$3,699,517$903,295$510,312$2,384,094
73$4,018,809$889,498$469,349$2,542,563
74$4,368,841$873,196$425,184$2,716,132
75$4,752,688$854,209$377,654$2,906,369
76$5,173,743$832,345$326,586$3,115,009
77$5,635,738$807,403$271,800$3,343,967
78$6,142,786$779,169$213,108$3,595,355
79$6,699,417$747,415$150,314$3,871,508
80$7,310,622$711,903$83,214$4,175,002
81$7,981,897$672,378$11,593$4,508,679
82$8,719,298$628,572$0$4,875,680
83$9,529,497$580,203$0$5,296,072
84$10,419,842$526,969$0$5,761,323
85$11,398,431$468,555$0$6,272,741
86$12,474,181$404,625$0$6,835,049
87$13,656,921$334,825$0$7,453,452
88$14,957,478$258,782$0$8,133,689
89$16,387,779$176,101$0$8,882,091
90$17,960,967$86,364$0$9,705,633
91$19,691,521$0$0$10,612,011
92$21,595,396$0$0$11,612,936
93$23,690,169$0$0$12,742,555
94$25,995,209$0$0$13,985,666
95$28,531,855$0$0$15,353,790
96$31,323,620$0$0$16,859,624
97$34,396,413$0$0$18,517,154
98$37,778,782$0$0$20,341,794
99$41,502,181$0$0$22,350,528
100$45,601,270$0$0$24,562,070