Can I retire at age 53 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$68,210$67,603$67,010$66,431$65,866$64,040
2 years$33,767$33,139$32,529$31,938$31,365$29,539
3 years$22,288$21,656$21,048$20,463$19,899$18,130
4 years$16,549$15,920$15,318$14,743$14,192$12,494
5 years$13,107$12,481$11,887$11,324$10,789$9,166
6 years$10,813$10,192$9,607$9,056$8,537$6,991
7 years$9,175$8,559$7,983$7,445$6,943$5,474
8 years$7,947$7,337$6,770$6,246$5,760$4,367
9 years$6,993$6,388$5,831$5,320$4,850$3,533
10 years$6,229$5,631$5,084$4,586$4,133$2,888
11 years$5,605$5,013$4,476$3,991$3,554$2,381
12 years$5,086$4,499$3,972$3,501$3,080$1,975
13 years$4,646$4,066$3,549$3,091$2,686$1,648
14 years$4,270$3,696$3,189$2,743$2,354$1,380
15 years$3,944$3,376$2,879$2,447$2,073$1,160
16 years$3,659$3,098$2,610$2,191$1,832$978
17 years$3,408$2,853$2,375$1,968$1,625$827
18 years$3,186$2,636$2,168$1,774$1,444$700
19 years$2,986$2,443$1,985$1,603$1,287$594
20 years$2,807$2,270$1,822$1,452$1,150$504
21 years$2,646$2,115$1,676$1,317$1,029$429
22 years$2,499$1,974$1,544$1,198$922$365
23 years$2,365$1,846$1,426$1,091$828$311
24 years$2,242$1,730$1,319$995$744$265
25 years$2,130$1,623$1,221$909$670$226
26 years$2,026$1,526$1,133$831$603$193
27 years$1,930$1,436$1,052$761$544$165
28 years$1,841$1,353$978$697$491$141
29 years$1,758$1,276$910$639$443$120
30 years$1,681$1,205$848$586$400$103
31 years$1,610$1,139$790$539$362$88
32 years$1,542$1,078$737$495$327$75
33 years$1,479$1,021$688$455$296$64
34 years$1,420$968$643$419$268$55
35 years$1,364$918$601$386$243$47
36 years$1,312$871$563$355$220$40
37 years$1,262$827$527$327$200$34
38 years$1,216$786$493$302$181$30
39 years$1,171$748$462$278$164$25
40 years$1,129$711$433$256$149$22
41 years$1,089$677$406$237$135$19
42 years$1,052$645$381$218$123$16
43 years$1,016$615$357$202$111$14
44 years$981$586$335$186$101$12
45 years$949$559$315$172$92$10
46 years$918$533$296$159$83$9
47 years$888$508$278$147$76$7
48 years$860$485$261$136$69$6
49 years$832$464$245$125$62$5
50 years$806$443$231$116$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $826,000, adding $3,598 every year, while hoping to spend $35,524 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: 45/44/11 Blend
52$826,000$826,000$826,000$826,000
53$913,963$870,185$857,382$952,085
54$969,390$875,027$848,307$983,727
55$1,029,280$878,916$837,738$1,014,104
56$1,094,051$881,766$825,586$1,046,246
57$1,164,161$883,490$811,760$1,080,328
58$1,240,116$883,992$796,165$1,116,545
59$1,322,471$883,170$778,699$1,155,116
60$1,411,835$880,918$759,258$1,196,281
61$1,508,880$877,121$737,731$1,240,308
62$1,614,345$871,659$714,004$1,287,494
63$1,729,041$864,403$687,956$1,338,170
64$1,853,862$855,218$659,462$1,392,702
65$1,989,792$843,959$628,389$1,451,496
66$2,137,911$830,473$594,601$1,515,002
67$2,299,412$814,600$557,953$1,583,720
68$2,475,603$796,167$518,296$1,658,204
69$2,667,928$774,993$475,473$1,739,067
70$2,877,975$750,885$429,319$1,826,990
71$3,107,490$723,640$379,663$1,922,726
72$3,358,399$693,044$326,327$2,027,109
73$3,632,820$658,867$269,123$2,141,065
74$3,933,085$620,869$207,856$2,265,616
75$4,261,764$578,796$142,323$2,401,896
76$4,621,684$532,377$72,311$2,551,158
77$5,015,961$481,329$0$2,714,792
78$5,448,024$425,349$0$2,894,614
79$5,921,651$364,119$0$3,101,119
80$6,441,003$297,305$0$3,327,716
81$7,010,662$224,550$0$3,576,516
82$7,635,676$145,479$0$3,849,847
83$8,321,604$59,696$0$4,150,284
84$9,074,569$0$0$4,480,670
85$9,901,319$0$0$4,860,230
86$10,809,282$0$0$5,308,920
87$11,806,646$0$0$5,801,893
88$12,902,428$0$0$6,343,621
89$14,106,562$0$0$6,939,028
90$15,429,992$0$0$7,593,540
91$16,884,776$0$0$8,313,135
92$18,484,197$0$0$9,104,397
93$20,242,890$0$0$9,974,582
94$22,176,979$0$0$10,931,685
95$24,304,228$0$0$11,984,512
96$26,644,210$0$0$13,142,769
97$29,218,490$0$0$14,417,147
98$32,050,829$0$0$15,819,426
99$35,167,406$0$0$17,362,587
100$38,597,067$0$0$19,060,933