Can I retire at age 53 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$68,045$67,439$66,848$66,271$65,707$64,672
2 years$33,686$33,058$32,450$31,861$31,289$30,249
3 years$22,234$21,604$20,998$20,414$19,851$18,838
4 years$16,509$15,881$15,281$14,707$14,158$13,180
5 years$13,075$12,451$11,859$11,296$10,763$9,823
6 years$10,787$10,167$9,583$9,034$8,516$7,615
7 years$9,153$8,538$7,964$7,427$6,926$6,064
8 years$7,928$7,319$6,754$6,230$5,746$4,923
9 years$6,976$6,373$5,817$5,307$4,839$4,055
10 years$6,214$5,617$5,072$4,575$4,123$3,377
11 years$5,592$5,001$4,465$3,981$3,546$2,837
12 years$5,073$4,488$3,963$3,492$3,073$2,401
13 years$4,635$4,056$3,540$3,083$2,679$2,043
14 years$4,260$3,687$3,181$2,737$2,349$1,747
15 years$3,935$3,368$2,872$2,441$2,068$1,499
16 years$3,651$3,090$2,604$2,185$1,828$1,291
17 years$3,400$2,846$2,369$1,964$1,621$1,115
18 years$3,178$2,630$2,163$1,770$1,441$965
19 years$2,979$2,437$1,980$1,599$1,284$837
20 years$2,801$2,265$1,817$1,448$1,147$727
21 years$2,639$2,110$1,671$1,314$1,027$633
22 years$2,493$1,969$1,541$1,195$920$551
23 years$2,359$1,842$1,422$1,088$826$481
24 years$2,237$1,726$1,315$993$742$420
25 years$2,124$1,619$1,218$906$668$367
26 years$2,021$1,522$1,130$829$602$321
27 years$1,925$1,432$1,049$759$543$281
28 years$1,837$1,350$975$695$490$246
29 years$1,754$1,273$908$637$442$215
30 years$1,677$1,202$846$585$399$189
31 years$1,606$1,137$788$537$361$165
32 years$1,539$1,076$735$494$327$145
33 years$1,476$1,019$687$454$296$127
34 years$1,417$965$642$418$268$111
35 years$1,361$916$600$385$242$98
36 years$1,309$869$561$354$220$86
37 years$1,259$825$525$326$199$75
38 years$1,213$784$492$301$180$66
39 years$1,168$746$461$277$164$58
40 years$1,127$710$432$256$148$51
41 years$1,087$676$405$236$135$45
42 years$1,049$643$380$218$122$39
43 years$1,013$613$357$201$111$35
44 years$979$584$335$186$101$30
45 years$946$557$314$171$91$27
46 years$915$532$295$158$83$23
47 years$886$507$277$146$75$21
48 years$857$484$261$135$68$18
49 years$830$462$245$125$62$16
50 years$805$442$230$116$56$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $824,000, adding $3,695 every year, while hoping to spend $25,935 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: 68/6/26 Blend
52$824,000$824,000$824,000$824,000
53$911,859$868,187$855,415$967,505
54$977,274$883,134$856,477$1,020,294
55$1,048,493$897,944$856,705$1,074,726
56$1,126,078$912,582$856,044$1,133,682
57$1,210,653$927,014$854,437$1,197,610
58$1,302,900$941,198$851,821$1,267,004
59$1,403,573$955,093$848,134$1,342,407
60$1,513,499$968,654$843,308$1,424,420
61$1,633,590$981,833$837,273$1,513,705
62$1,764,851$994,578$829,956$1,610,990
63$1,908,386$1,006,832$821,280$1,717,080
64$2,065,413$1,018,539$811,165$1,832,861
65$2,237,272$1,029,633$799,525$1,959,312
66$2,425,437$1,040,049$786,273$2,097,509
67$2,631,534$1,049,714$771,315$2,248,641
68$2,857,352$1,058,551$754,556$2,414,018
69$3,104,861$1,066,480$735,893$2,595,085
70$3,376,233$1,073,413$715,221$2,793,433
71$3,673,856$1,079,258$692,429$3,010,819
72$4,000,365$1,083,917$667,400$3,249,179
73$4,358,658$1,087,285$640,014$3,510,646
74$4,751,930$1,089,251$610,144$3,797,572
75$5,183,700$1,089,697$577,656$4,112,553
76$5,657,843$1,088,498$542,414$4,458,446
77$6,178,629$1,085,520$504,270$4,838,405
78$6,750,761$1,080,623$463,075$5,255,903
79$7,379,421$1,073,655$418,671$5,714,774
80$8,070,317$1,064,459$370,891$6,219,239
81$8,829,737$1,052,866$319,564$6,773,954
82$9,664,610$1,038,696$264,509$7,384,051
83$10,582,569$1,021,760$205,538$8,055,188
84$11,592,022$1,001,858$142,456$8,793,602
85$12,702,236$978,777$75,055$9,606,167
86$13,923,418$952,291$3,124$10,500,460
87$15,266,816$922,163$0$11,484,836
88$16,744,822$888,139$0$12,588,931
89$18,371,089$849,953$0$13,804,719
90$20,160,661$807,322$0$15,142,587
91$22,130,115$759,947$0$16,614,937
92$24,297,715$707,513$0$18,235,436
93$26,683,586$649,685$0$20,019,142
94$29,309,902$586,109$0$21,982,649
95$32,201,096$516,413$0$24,144,244
96$35,384,093$440,202$0$26,524,076
97$38,888,557$357,059$0$29,144,348
98$42,747,178$266,543$0$32,029,528
99$46,995,976$168,189$0$35,206,578
100$51,674,642$61,507$0$38,705,210