Can I retire at age 53 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$68,375$67,766$67,172$66,592$66,026$64,561
2 years$33,849$33,219$32,608$32,015$31,441$29,973
3 years$22,342$21,709$21,099$20,513$19,947$18,522
4 years$16,590$15,958$15,355$14,778$14,227$12,854
5 years$13,139$12,512$11,916$11,351$10,815$9,500
6 years$10,839$10,217$9,630$9,078$8,557$7,301
7 years$9,197$8,580$8,003$7,463$6,959$5,762
8 years$7,966$7,355$6,787$6,261$5,774$4,635
9 years$7,010$6,403$5,845$5,333$4,862$3,781
10 years$6,244$5,644$5,096$4,597$4,143$3,118
11 years$5,619$5,025$4,487$4,001$3,563$2,594
12 years$5,098$4,510$3,982$3,509$3,088$2,172
13 years$4,658$4,076$3,557$3,098$2,692$1,829
14 years$4,280$3,705$3,196$2,750$2,360$1,547
15 years$3,954$3,384$2,886$2,453$2,078$1,313
16 years$3,668$3,105$2,617$2,196$1,837$1,118
17 years$3,417$2,860$2,381$1,973$1,628$955
18 years$3,193$2,642$2,173$1,778$1,448$817
19 years$2,994$2,449$1,990$1,607$1,291$700
20 years$2,814$2,276$1,826$1,455$1,153$601
21 years$2,652$2,120$1,680$1,321$1,032$517
22 years$2,505$1,979$1,548$1,201$925$445
23 years$2,370$1,851$1,429$1,094$830$383
24 years$2,248$1,734$1,322$997$746$330
25 years$2,135$1,627$1,224$911$671$285
26 years$2,031$1,529$1,136$833$605$246
27 years$1,935$1,439$1,054$762$545$212
28 years$1,845$1,356$980$698$492$184
29 years$1,763$1,279$912$641$444$159
30 years$1,685$1,208$850$588$401$137
31 years$1,613$1,142$792$540$363$119
32 years$1,546$1,081$739$496$328$103
33 years$1,483$1,024$690$456$297$89
34 years$1,423$970$645$420$269$77
35 years$1,368$920$603$386$244$67
36 years$1,315$873$564$356$221$58
37 years$1,265$829$528$328$200$50
38 years$1,218$788$494$302$181$43
39 years$1,174$750$463$279$164$37
40 years$1,132$713$434$257$149$32
41 years$1,092$679$407$237$135$28
42 years$1,054$647$382$219$123$24
43 years$1,018$616$358$202$111$21
44 years$984$587$336$187$101$18
45 years$951$560$316$172$92$16
46 years$920$534$297$159$83$14
47 years$890$510$279$147$76$12
48 years$862$487$262$136$69$10
49 years$834$465$246$126$62$9
50 years$808$444$231$116$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $828,000, adding $2,433 every year, while hoping to spend $27,920 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: 68/26/6 Blend
52$828,000$828,000$828,000$828,000
53$914,966$871,082$858,248$976,226
54$978,585$884,058$857,292$1,030,090
55$1,047,759$896,734$855,369$1,085,343
56$1,123,022$909,067$852,416$1,145,004
57$1,204,967$921,008$848,369$1,209,500
58$1,294,244$932,507$843,159$1,279,299
59$1,391,567$943,510$836,715$1,354,920
60$1,497,725$953,960$828,963$1,436,931
61$1,613,583$963,794$819,824$1,525,961
62$1,740,096$972,948$809,215$1,622,702
63$1,878,315$981,351$797,053$1,727,916
64$2,029,394$988,928$783,245$1,842,443
65$2,194,608$995,601$767,700$1,967,211
66$2,375,357$1,001,285$750,317$2,103,240
67$2,573,185$1,005,890$730,994$2,251,657
68$2,789,791$1,009,319$709,624$2,413,701
69$3,027,046$1,011,473$686,093$2,590,740
70$3,287,012$1,012,241$660,283$2,784,282
71$3,571,956$1,011,511$632,072$2,995,989
72$3,884,380$1,009,159$601,331$3,227,692
73$4,227,036$1,005,057$567,924$3,481,412
74$4,602,955$999,066$531,711$3,759,373
75$5,015,479$991,042$492,546$4,064,031
76$5,468,285$980,831$450,273$4,398,090
77$5,965,425$968,267$404,733$4,764,533
78$6,511,365$953,178$355,758$5,166,646
79$7,111,020$935,380$303,172$5,608,055
80$7,769,809$914,678$246,793$6,092,753
81$8,493,698$890,866$186,429$6,625,145
82$9,289,262$863,725$121,881$7,210,086
83$10,163,743$833,024$52,940$7,852,927
84$11,125,121$798,519$0$8,559,567
85$12,182,188$759,950$0$9,337,830
86$13,344,627$717,044$0$10,197,267
87$14,623,111$669,511$0$11,142,404
88$16,029,396$617,045$0$12,181,965
89$17,576,436$559,322$0$13,325,571
90$19,278,503$495,999$0$14,583,823
91$21,151,324$426,716$0$15,968,407
92$23,212,224$351,091$0$17,492,202
93$25,480,295$268,718$0$19,169,404
94$27,976,572$179,173$0$21,015,662
95$30,724,235$82,004$0$23,048,220
96$33,748,821$0$0$25,286,087
97$37,078,473$0$0$27,756,871
98$40,744,199$0$0$30,502,929
99$44,780,166$0$0$33,526,403
100$49,224,023$0$0$36,855,505