Can I retire at age 53 with 825,000?

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 $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$68,128$67,521$66,929$66,351$65,787$65,372
2 years$33,727$33,098$32,490$31,899$31,327$30,909
3 years$22,261$21,630$21,023$20,438$19,875$19,466
4 years$16,529$15,900$15,299$14,725$14,175$13,779
5 years$13,091$12,466$11,873$11,310$10,776$10,393
6 years$10,800$10,180$9,595$9,045$8,526$8,158
7 years$9,164$8,549$7,974$7,436$6,934$6,580
8 years$7,938$7,328$6,762$6,238$5,753$5,413
9 years$6,984$6,380$5,824$5,313$4,845$4,519
10 years$6,222$5,624$5,078$4,580$4,128$3,816
11 years$5,599$5,007$4,470$3,986$3,550$3,252
12 years$5,080$4,494$3,967$3,496$3,076$2,792
13 years$4,641$4,061$3,545$3,087$2,683$2,412
14 years$4,265$3,691$3,185$2,740$2,352$2,094
15 years$3,940$3,372$2,875$2,444$2,071$1,825
16 years$3,655$3,094$2,607$2,188$1,830$1,597
17 years$3,404$2,849$2,372$1,966$1,623$1,402
18 years$3,182$2,633$2,166$1,772$1,443$1,233
19 years$2,983$2,440$1,982$1,601$1,286$1,088
20 years$2,804$2,267$1,819$1,450$1,149$961
21 years$2,642$2,112$1,674$1,316$1,028$851
22 years$2,496$1,972$1,542$1,196$921$754
23 years$2,362$1,844$1,424$1,090$827$670
24 years$2,239$1,728$1,317$994$743$595
25 years$2,127$1,621$1,220$908$669$529
26 years$2,023$1,524$1,131$830$603$471
27 years$1,928$1,434$1,051$760$543$420
28 years$1,839$1,351$977$696$490$375
29 years$1,756$1,275$909$638$443$334
30 years$1,679$1,204$847$586$400$298
31 years$1,608$1,138$789$538$362$267
32 years$1,540$1,077$736$494$327$238
33 years$1,477$1,020$688$455$296$213
34 years$1,418$967$642$418$268$190
35 years$1,363$917$601$385$243$170
36 years$1,310$870$562$355$220$152
37 years$1,261$826$526$327$199$136
38 years$1,214$785$492$301$181$122
39 years$1,170$747$461$278$164$109
40 years$1,128$711$432$256$149$98
41 years$1,088$676$406$236$135$88
42 years$1,050$644$380$218$122$79
43 years$1,014$614$357$201$111$70
44 years$980$585$335$186$101$63
45 years$948$558$315$172$92$56
46 years$917$532$295$159$83$51
47 years$887$508$278$147$75$45
48 years$859$485$261$135$69$41
49 years$831$463$245$125$62$36
50 years$805$442$231$116$57$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $825,000, adding $6,784 every year, while hoping to spend $37,445 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: 53/34/13 Blend
52$825,000$825,000$825,000$825,000
53$916,148$872,423$859,635$961,214
54$969,754$875,330$848,592$995,593
55$1,027,572$877,125$835,923$1,028,395
56$1,089,994$877,714$821,536$1,063,227
57$1,157,447$876,996$805,332$1,100,291
58$1,230,403$874,865$787,207$1,139,810
59$1,309,380$871,209$767,054$1,182,033
60$1,394,948$865,909$744,761$1,227,233
61$1,487,731$858,837$720,209$1,275,717
62$1,588,419$849,859$693,275$1,327,821
63$1,697,769$838,833$663,831$1,383,920
64$1,816,613$825,608$631,741$1,444,429
65$1,945,868$810,024$596,865$1,509,806
66$2,086,542$791,910$559,055$1,580,560
67$2,239,743$771,088$518,158$1,657,254
68$2,406,694$747,368$474,013$1,740,513
69$2,588,735$720,547$426,451$1,831,026
70$2,787,347$690,415$375,298$1,929,557
71$3,004,155$656,744$320,369$2,036,952
72$3,240,952$619,298$261,474$2,154,147
73$3,499,709$577,823$198,413$2,282,176
74$3,782,596$532,053$130,978$2,422,185
75$4,092,005$481,708$58,949$2,575,439
76$4,430,566$426,488$0$2,743,340
77$4,801,177$366,079$0$2,929,921
78$5,207,029$300,150$0$3,143,297
79$5,651,637$228,348$0$3,377,209
80$6,138,870$150,302$0$3,633,785
81$6,672,989$65,622$0$3,915,374
82$7,258,689$0$0$4,224,570
83$7,901,140$0$0$4,574,005
84$8,606,036$0$0$4,984,423
85$9,379,649$0$0$5,434,936
86$10,228,888$0$0$5,929,577
87$11,161,364$0$0$6,472,791
88$12,185,460$0$0$7,069,472
89$13,310,411$0$0$7,725,012
90$14,546,392$0$0$8,445,353
91$15,904,609$0$0$9,237,040
92$17,397,411$0$0$10,107,281
93$19,038,401$0$0$11,064,021
94$20,842,564$0$0$12,116,011
95$22,826,414$0$0$13,272,893
96$25,008,139$0$0$14,545,290
97$27,407,785$0$0$15,944,907
98$30,047,431$0$0$17,484,638
99$32,951,409$0$0$19,178,692
100$36,146,526$0$0$21,042,724