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%13.6%
1 years$68,210$67,603$67,010$66,431$65,866$64,882
2 years$33,767$33,139$32,529$31,938$31,365$30,376
3 years$22,288$21,656$21,048$20,463$19,899$18,935
4 years$16,549$15,920$15,318$14,743$14,192$13,262
5 years$13,107$12,481$11,887$11,324$10,789$9,894
6 years$10,813$10,192$9,607$9,056$8,537$7,679
7 years$9,175$8,559$7,983$7,445$6,943$6,122
8 years$7,947$7,337$6,770$6,246$5,760$4,975
9 years$6,993$6,388$5,831$5,320$4,850$4,103
10 years$6,229$5,631$5,084$4,586$4,133$3,421
11 years$5,605$5,013$4,476$3,991$3,554$2,878
12 years$5,086$4,499$3,972$3,501$3,080$2,438
13 years$4,646$4,066$3,549$3,091$2,686$2,078
14 years$4,270$3,696$3,189$2,743$2,354$1,779
15 years$3,944$3,376$2,879$2,447$2,073$1,529
16 years$3,659$3,098$2,610$2,191$1,832$1,319
17 years$3,408$2,853$2,375$1,968$1,625$1,140
18 years$3,186$2,636$2,168$1,774$1,444$988
19 years$2,986$2,443$1,985$1,603$1,287$859
20 years$2,807$2,270$1,822$1,452$1,150$747
21 years$2,646$2,115$1,676$1,317$1,029$651
22 years$2,499$1,974$1,544$1,198$922$568
23 years$2,365$1,846$1,426$1,091$828$496
24 years$2,242$1,730$1,319$995$744$434
25 years$2,130$1,623$1,221$909$670$380
26 years$2,026$1,526$1,133$831$603$333
27 years$1,930$1,436$1,052$761$544$291
28 years$1,841$1,353$978$697$491$256
29 years$1,758$1,276$910$639$443$224
30 years$1,681$1,205$848$586$400$197
31 years$1,610$1,139$790$539$362$173
32 years$1,542$1,078$737$495$327$152
33 years$1,479$1,021$688$455$296$133
34 years$1,420$968$643$419$268$117
35 years$1,364$918$601$386$243$103
36 years$1,312$871$563$355$220$90
37 years$1,262$827$527$327$200$80
38 years$1,216$786$493$302$181$70
39 years$1,171$748$462$278$164$62
40 years$1,129$711$433$256$149$54
41 years$1,089$677$406$237$135$48
42 years$1,052$645$381$218$123$42
43 years$1,016$615$357$202$111$37
44 years$981$586$335$186$101$32
45 years$949$559$315$172$92$29
46 years$918$533$296$159$83$25
47 years$888$508$278$147$76$22
48 years$860$485$261$136$69$19
49 years$832$464$245$125$62$17
50 years$806$443$231$116$57$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $826,000, adding $5,863 every year, while hoping to spend $29,486 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: 51/38/11 Blend
52$826,000$826,000$826,000$826,000
53$916,300$872,522$859,719$960,071
54$978,389$883,902$857,146$1,001,992
55$1,045,824$894,852$853,500$1,043,915
56$1,119,118$905,320$848,711$1,088,812
57$1,198,836$915,248$842,711$1,136,969
58$1,285,600$924,579$835,425$1,188,704
59$1,380,096$933,248$826,777$1,244,368
60$1,483,076$941,188$816,685$1,304,348
61$1,595,370$948,326$805,064$1,369,073
62$1,717,891$954,587$791,826$1,439,013
63$1,851,641$959,887$776,878$1,514,692
64$1,997,728$964,141$760,123$1,596,683
65$2,157,368$967,256$741,459$1,685,624
66$2,331,902$969,133$720,779$1,782,216
67$2,522,804$969,669$697,973$1,887,234
68$2,731,699$968,751$672,924$2,001,534
69$2,960,375$966,264$645,511$2,126,060
70$3,210,803$962,080$615,605$2,261,855
71$3,485,152$956,069$583,074$2,410,071
72$3,785,810$948,089$547,780$2,571,977
73$4,115,407$937,990$509,575$2,748,977
74$4,476,843$925,615$468,310$2,942,619
75$4,873,307$910,796$423,824$3,154,612
76$5,308,314$893,356$375,953$3,386,842
77$5,785,738$873,106$324,523$3,641,390
78$6,309,842$849,847$269,353$3,920,553
79$6,885,324$823,368$210,255$4,226,867
80$7,517,360$793,445$147,031$4,563,127
81$8,211,649$759,843$79,476$4,932,422
82$8,974,474$722,311$7,374$5,338,157
83$9,812,751$680,586$0$5,784,088
84$10,734,103$634,386$0$6,282,528
85$11,746,927$583,417$0$6,831,340
86$12,860,475$527,365$0$7,434,731
87$14,084,939$465,901$0$8,098,298
88$15,431,547$398,675$0$8,828,214
89$16,912,673$325,318$0$9,631,283
90$18,541,948$245,441$0$10,515,012
91$20,334,391$158,632$0$11,487,678
92$22,306,549$64,455$0$12,558,407
93$24,476,656$0$0$13,737,264
94$26,864,802$0$0$15,051,047
95$29,493,121$0$0$16,526,718
96$32,386,004$0$0$18,151,033
97$35,570,326$0$0$19,939,093
98$39,075,699$0$0$21,907,540
99$42,934,751$0$0$24,074,710
100$47,183,437$0$0$26,460,809