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%17.2%
1 years$68,293$67,685$67,091$66,512$65,946$64,015
2 years$33,808$33,179$32,568$31,977$31,403$29,473
3 years$22,315$21,683$21,074$20,488$19,923$18,055
4 years$16,569$15,939$15,336$14,760$14,209$12,417
5 years$13,123$12,496$11,902$11,337$10,802$9,090
6 years$10,826$10,204$9,618$9,067$8,547$6,918
7 years$9,186$8,570$7,993$7,454$6,951$5,404
8 years$7,957$7,346$6,779$6,253$5,767$4,301
9 years$7,001$6,396$5,838$5,326$4,856$3,471
10 years$6,237$5,638$5,090$4,591$4,138$2,831
11 years$5,612$5,019$4,481$3,996$3,559$2,327
12 years$5,092$4,505$3,977$3,505$3,084$1,926
13 years$4,652$4,071$3,553$3,094$2,689$1,602
14 years$4,275$3,700$3,193$2,747$2,357$1,339
15 years$3,949$3,380$2,882$2,450$2,076$1,122
16 years$3,664$3,101$2,613$2,193$1,834$943
17 years$3,413$2,856$2,378$1,971$1,627$795
18 years$3,189$2,639$2,171$1,776$1,446$671
19 years$2,990$2,446$1,987$1,605$1,289$568
20 years$2,811$2,273$1,824$1,453$1,151$481
21 years$2,649$2,117$1,678$1,319$1,030$407
22 years$2,502$1,976$1,546$1,199$924$346
23 years$2,368$1,848$1,428$1,092$829$294
24 years$2,245$1,732$1,320$996$745$250
25 years$2,132$1,625$1,223$910$671$212
26 years$2,028$1,527$1,134$832$604$181
27 years$1,932$1,438$1,053$761$545$154
28 years$1,843$1,355$979$698$491$131
29 years$1,760$1,278$911$640$444$112
30 years$1,683$1,207$849$587$401$95
31 years$1,611$1,141$791$539$362$81
32 years$1,544$1,079$738$496$328$69
33 years$1,481$1,022$689$456$297$59
34 years$1,422$969$644$419$269$50
35 years$1,366$919$602$386$243$43
36 years$1,313$872$563$355$220$36
37 years$1,264$828$527$328$200$31
38 years$1,217$787$494$302$181$27
39 years$1,173$749$463$278$164$23
40 years$1,131$712$434$257$149$19
41 years$1,091$678$406$237$135$16
42 years$1,053$646$381$219$123$14
43 years$1,017$615$358$202$111$12
44 years$983$586$336$186$101$10
45 years$950$559$315$172$92$9
46 years$919$533$296$159$83$7
47 years$889$509$278$147$76$6
48 years$861$486$261$136$69$5
49 years$833$464$246$125$62$5
50 years$807$443$231$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $827,000, adding $6,585 every year, while hoping to spend $43,205 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: 57/34/9 Blend
52$827,000$827,000$827,000$827,000
53$918,146$874,315$861,497$968,161
54$965,828$871,187$844,387$999,510
55$1,016,924$866,457$825,256$1,028,252
56$1,071,739$860,002$803,991$1,058,520
57$1,130,604$851,690$780,473$1,090,463
58$1,193,884$841,382$754,577$1,124,250
59$1,261,980$828,929$726,174$1,160,068
60$1,335,330$814,174$695,130$1,198,124
61$1,414,418$796,953$661,301$1,238,649
62$1,499,773$777,089$624,539$1,281,900
63$1,591,979$754,395$584,690$1,328,162
64$1,691,676$728,675$541,592$1,377,753
65$1,799,567$699,721$495,076$1,431,023
66$1,916,426$667,310$444,964$1,488,365
67$2,043,104$631,211$391,073$1,550,213
68$2,180,536$591,176$333,209$1,617,047
69$2,329,751$546,944$271,172$1,689,402
70$2,491,880$498,238$204,750$1,767,871
71$2,668,168$444,767$133,725$1,853,113
72$2,859,983$386,223$57,868$1,945,854
73$3,068,833$322,280$0$2,046,905
74$3,296,376$252,593$0$2,159,376
75$3,544,435$176,799$0$2,288,118
76$3,815,019$94,514$0$2,428,693
77$4,110,337$5,332$0$2,582,343
78$4,432,823$0$0$2,750,444
79$4,785,154$0$0$2,968,629
80$5,170,279$0$0$3,209,372
81$5,591,443$0$0$3,472,716
82$6,052,221$0$0$3,760,905
83$6,556,547$0$0$4,076,409
84$7,108,755$0$0$4,421,949
85$7,713,616$0$0$4,800,522
86$8,376,386$0$0$5,215,426
87$9,102,852$0$0$5,670,295
88$9,899,388$0$0$6,169,133
89$10,773,014$0$0$6,716,346
90$11,731,462$0$0$7,316,792
91$12,783,249$0$0$7,975,817
92$13,937,757$0$0$8,699,313
93$15,205,319$0$0$9,493,769
94$16,597,318$0$0$10,366,335
95$18,126,295$0$0$11,324,884
96$19,806,062$0$0$12,378,093
97$21,651,839$0$0$13,535,519
98$23,680,391$0$0$14,807,690
99$25,910,186$0$0$16,206,206
100$28,361,575$0$0$17,743,847