Can I retire at age 53 with 827,000?

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 $827,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$68,293$67,685$67,091$66,512$65,946$63,330
2 years$33,808$33,179$32,568$31,977$31,403$28,799
3 years$22,315$21,683$21,074$20,488$19,923$17,415
4 years$16,569$15,939$15,336$14,760$14,209$11,815
5 years$13,123$12,496$11,902$11,337$10,802$8,527
6 years$10,826$10,204$9,618$9,067$8,547$6,394
7 years$9,186$8,570$7,993$7,454$6,951$4,918
8 years$7,957$7,346$6,779$6,253$5,767$3,853
9 years$7,001$6,396$5,838$5,326$4,856$3,058
10 years$6,237$5,638$5,090$4,591$4,138$2,452
11 years$5,612$5,019$4,481$3,996$3,559$1,981
12 years$5,092$4,505$3,977$3,505$3,084$1,610
13 years$4,652$4,071$3,553$3,094$2,689$1,315
14 years$4,275$3,700$3,193$2,747$2,357$1,078
15 years$3,949$3,380$2,882$2,450$2,076$887
16 years$3,664$3,101$2,613$2,193$1,834$731
17 years$3,413$2,856$2,378$1,971$1,627$604
18 years$3,189$2,639$2,171$1,776$1,446$500
19 years$2,990$2,446$1,987$1,605$1,289$414
20 years$2,811$2,273$1,824$1,453$1,151$343
21 years$2,649$2,117$1,678$1,319$1,030$285
22 years$2,502$1,976$1,546$1,199$924$237
23 years$2,368$1,848$1,428$1,092$829$197
24 years$2,245$1,732$1,320$996$745$164
25 years$2,132$1,625$1,223$910$671$136
26 years$2,028$1,527$1,134$832$604$114
27 years$1,932$1,438$1,053$761$545$95
28 years$1,843$1,355$979$698$491$79
29 years$1,760$1,278$911$640$444$66
30 years$1,683$1,207$849$587$401$55
31 years$1,611$1,141$791$539$362$46
32 years$1,544$1,079$738$496$328$38
33 years$1,481$1,022$689$456$297$32
34 years$1,422$969$644$419$269$26
35 years$1,366$919$602$386$243$22
36 years$1,313$872$563$355$220$18
37 years$1,264$828$527$328$200$15
38 years$1,217$787$494$302$181$13
39 years$1,173$749$463$278$164$11
40 years$1,131$712$434$257$149$9
41 years$1,091$678$406$237$135$7
42 years$1,053$646$381$219$123$6
43 years$1,017$615$358$202$111$5
44 years$983$586$336$186$101$4
45 years$950$559$315$172$92$4
46 years$919$533$296$159$83$3
47 years$889$509$278$147$76$2
48 years$861$486$261$136$69$2
49 years$833$464$246$125$62$2
50 years$807$443$231$116$57$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $827,000, adding $2,226 every year, while hoping to spend $55,304 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: 77/10/13 Blend
52$827,000$827,000$827,000$827,000
53$913,650$869,819$857,001$981,453
54$947,999$853,597$826,867$1,010,218
55$983,999$834,727$793,871$1,034,514
56$1,021,758$813,020$757,857$1,059,607
57$1,061,397$788,277$718,664$1,085,554
58$1,103,044$760,288$676,124$1,112,421
59$1,146,841$728,829$630,061$1,140,279
60$1,192,941$693,663$580,291$1,169,211
61$1,241,511$654,542$526,620$1,199,306
62$1,292,732$611,202$468,848$1,230,662
63$1,346,801$563,361$406,766$1,263,392
64$1,403,936$510,727$340,153$1,297,617
65$1,464,370$452,986$268,781$1,333,473
66$1,528,362$389,808$192,411$1,371,114
67$1,596,191$320,845$110,794$1,410,706
68$1,668,166$245,729$23,668$1,452,437
69$1,744,620$164,071$0$1,496,515
70$1,825,921$75,461$0$1,552,783
71$1,912,470$0$0$1,616,011
72$2,004,707$0$0$1,685,499
73$2,103,113$0$0$1,768,509
74$2,208,215$0$0$1,857,186
75$2,320,590$0$0$1,952,020
76$2,440,873$0$0$2,053,546
77$2,569,757$0$0$2,162,354
78$2,708,005$0$0$2,279,090
79$2,856,453$0$0$2,404,463
80$3,016,017$0$0$2,539,250
81$3,187,706$0$0$2,684,305
82$3,372,624$0$0$2,840,568
83$3,571,987$0$0$3,009,066
84$3,787,129$0$0$3,190,932
85$4,019,515$0$0$3,387,409
86$4,270,756$0$0$3,599,864
87$4,542,624$0$0$3,829,797
88$4,837,064$0$0$4,078,860
89$5,156,217$0$0$4,348,868
90$5,502,435$0$0$4,641,816
91$5,878,306$0$0$4,959,900
92$6,286,676$0$0$5,305,535
93$6,730,677$0$0$5,681,375
94$7,213,753$0$0$6,090,343
95$7,739,694$0$0$6,535,654
96$8,312,670$0$0$7,020,846
97$8,937,271$0$0$7,549,812
98$9,618,548$0$0$8,126,838
99$10,362,059$0$0$8,756,638
100$11,173,925$0$0$9,444,405