Can I retire at age 53 with 827,000?

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 $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%13.9%
1 years$68,293$67,685$67,091$66,512$65,946$64,880
2 years$33,808$33,179$32,568$31,977$31,403$30,332
3 years$22,315$21,683$21,074$20,488$19,923$18,881
4 years$16,569$15,939$15,336$14,760$14,209$13,203
5 years$13,123$12,496$11,902$11,337$10,802$9,835
6 years$10,826$10,204$9,618$9,067$8,547$7,620
7 years$9,186$8,570$7,993$7,454$6,951$6,065
8 years$7,957$7,346$6,779$6,253$5,767$4,921
9 years$7,001$6,396$5,838$5,326$4,856$4,051
10 years$6,237$5,638$5,090$4,591$4,138$3,372
11 years$5,612$5,019$4,481$3,996$3,559$2,831
12 years$5,092$4,505$3,977$3,505$3,084$2,394
13 years$4,652$4,071$3,553$3,094$2,689$2,036
14 years$4,275$3,700$3,193$2,747$2,357$1,739
15 years$3,949$3,380$2,882$2,450$2,076$1,492
16 years$3,664$3,101$2,613$2,193$1,834$1,284
17 years$3,413$2,856$2,378$1,971$1,627$1,108
18 years$3,189$2,639$2,171$1,776$1,446$958
19 years$2,990$2,446$1,987$1,605$1,289$831
20 years$2,811$2,273$1,824$1,453$1,151$721
21 years$2,649$2,117$1,678$1,319$1,030$627
22 years$2,502$1,976$1,546$1,199$924$546
23 years$2,368$1,848$1,428$1,092$829$476
24 years$2,245$1,732$1,320$996$745$415
25 years$2,132$1,625$1,223$910$671$362
26 years$2,028$1,527$1,134$832$604$317
27 years$1,932$1,438$1,053$761$545$277
28 years$1,843$1,355$979$698$491$242
29 years$1,760$1,278$911$640$444$212
30 years$1,683$1,207$849$587$401$185
31 years$1,611$1,141$791$539$362$162
32 years$1,544$1,079$738$496$328$142
33 years$1,481$1,022$689$456$297$125
34 years$1,422$969$644$419$269$109
35 years$1,366$919$602$386$243$96
36 years$1,313$872$563$355$220$84
37 years$1,264$828$527$328$200$74
38 years$1,217$787$494$302$181$65
39 years$1,173$749$463$278$164$57
40 years$1,131$712$434$257$149$50
41 years$1,091$678$406$237$135$44
42 years$1,053$646$381$219$123$38
43 years$1,017$615$358$202$111$34
44 years$983$586$336$186$101$29
45 years$950$559$315$172$92$26
46 years$919$533$296$159$83$23
47 years$889$509$278$147$76$20
48 years$861$486$261$136$69$17
49 years$833$464$246$125$62$15
50 years$807$443$231$116$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $827,000, adding $3,288 every year, while hoping to spend $45,377 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: 64/15/21 Blend
52$827,000$827,000$827,000$827,000
53$914,746$870,915$858,096$968,157
54$959,769$865,309$838,562$998,906
55$1,007,864$857,907$816,852$1,027,071
56$1,059,295$848,574$792,846$1,056,791
57$1,114,355$837,166$766,418$1,088,221
58$1,173,361$823,529$737,435$1,121,534
59$1,236,665$807,503$705,760$1,156,922
60$1,304,649$788,915$671,247$1,194,596
61$1,377,736$767,585$633,747$1,234,794
62$1,456,389$743,319$593,100$1,277,776
63$1,541,114$715,916$549,143$1,323,835
64$1,632,472$685,160$501,703$1,373,291
65$1,731,073$650,822$450,600$1,426,504
66$1,837,593$612,663$395,646$1,483,870
67$1,952,772$570,427$336,644$1,545,827
68$2,077,422$523,846$273,389$1,612,864
69$2,212,440$472,635$205,668$1,685,520
70$2,358,807$416,492$133,256$1,764,393
71$2,517,606$355,101$55,920$1,850,145
72$2,690,025$288,124$0$1,943,510
73$2,877,373$215,208$0$2,051,261
74$3,081,090$135,978$0$2,182,095
75$3,302,757$50,037$0$2,324,521
76$3,544,118$0$0$2,479,703
77$3,807,088$0$0$2,656,025
78$4,093,778$0$0$2,857,307
79$4,406,509$0$0$3,076,926
80$4,747,836$0$0$3,316,683
81$5,120,572$0$0$3,578,563
82$5,527,813$0$0$3,864,746
83$5,972,969$0$0$4,177,638
84$6,459,792$0$0$4,519,883
85$6,992,415$0$0$4,894,394
86$7,575,388$0$0$5,304,381
87$8,213,721$0$0$5,753,375
88$8,912,931$0$0$6,245,267
89$9,679,096$0$0$6,784,341
90$10,518,906$0$0$7,375,316
91$11,439,732$0$0$8,023,387
92$12,449,692$0$0$8,734,279
93$13,557,724$0$0$9,514,296
94$14,773,679$0$0$10,370,382
95$16,108,402$0$0$11,310,185
96$17,573,843$0$0$12,342,133
97$19,183,164$0$0$13,475,506
98$20,950,865$0$0$14,720,529
99$22,892,918$0$0$16,088,466
100$25,026,921$0$0$17,591,726