Can I retire at age 53 with 828,000?

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 $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%17.3%
1 years$68,375$67,766$67,172$66,592$66,026$64,066
2 years$33,849$33,219$32,608$32,015$31,441$29,483
3 years$22,342$21,709$21,099$20,513$19,947$18,052
4 years$16,590$15,958$15,355$14,778$14,227$12,409
5 years$13,139$12,512$11,916$11,351$10,815$9,080
6 years$10,839$10,217$9,630$9,078$8,557$6,906
7 years$9,197$8,580$8,003$7,463$6,959$5,392
8 years$7,966$7,355$6,787$6,261$5,774$4,289
9 years$7,010$6,403$5,845$5,333$4,862$3,459
10 years$6,244$5,644$5,096$4,597$4,143$2,819
11 years$5,619$5,025$4,487$4,001$3,563$2,316
12 years$5,098$4,510$3,982$3,509$3,088$1,916
13 years$4,658$4,076$3,557$3,098$2,692$1,593
14 years$4,280$3,705$3,196$2,750$2,360$1,330
15 years$3,954$3,384$2,886$2,453$2,078$1,114
16 years$3,668$3,105$2,617$2,196$1,837$936
17 years$3,417$2,860$2,381$1,973$1,628$788
18 years$3,193$2,642$2,173$1,778$1,448$665
19 years$2,994$2,449$1,990$1,607$1,291$562
20 years$2,814$2,276$1,826$1,455$1,153$475
21 years$2,652$2,120$1,680$1,321$1,032$403
22 years$2,505$1,979$1,548$1,201$925$341
23 years$2,370$1,851$1,429$1,094$830$290
24 years$2,248$1,734$1,322$997$746$246
25 years$2,135$1,627$1,224$911$671$209
26 years$2,031$1,529$1,136$833$605$178
27 years$1,935$1,439$1,054$762$545$151
28 years$1,845$1,356$980$698$492$129
29 years$1,763$1,279$912$641$444$109
30 years$1,685$1,208$850$588$401$93
31 years$1,613$1,142$792$540$363$79
32 years$1,546$1,081$739$496$328$68
33 years$1,483$1,024$690$456$297$58
34 years$1,423$970$645$420$269$49
35 years$1,368$920$603$386$244$42
36 years$1,315$873$564$356$221$36
37 years$1,265$829$528$328$200$30
38 years$1,218$788$494$302$181$26
39 years$1,174$750$463$279$164$22
40 years$1,132$713$434$257$149$19
41 years$1,092$679$407$237$135$16
42 years$1,054$647$382$219$123$14
43 years$1,018$616$358$202$111$12
44 years$984$587$336$187$101$10
45 years$951$560$316$172$92$8
46 years$920$534$297$159$83$7
47 years$890$510$279$147$76$6
48 years$862$487$262$136$69$5
49 years$834$465$246$126$62$4
50 years$808$444$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 $828,000, adding $4,366 every year, while hoping to spend $51,673 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: 60/11/29 Blend
52$828,000$828,000$828,000$828,000
53$916,960$873,076$860,242$964,521
54$955,510$860,877$834,080$985,301
55$996,260$846,348$805,310$1,002,078
56$1,039,381$829,321$773,790$1,019,314
57$1,085,057$809,617$739,371$1,037,066
58$1,133,491$787,047$701,899$1,055,401
59$1,184,906$761,410$661,211$1,074,392
60$1,239,542$732,495$617,137$1,094,126
61$1,297,665$700,077$569,501$1,114,698
62$1,359,564$663,919$518,117$1,136,217
63$1,425,558$623,769$462,792$1,158,807
64$1,495,994$579,362$403,324$1,182,607
65$1,571,252$530,418$339,503$1,207,772
66$1,651,751$476,640$271,107$1,234,479
67$1,737,948$417,714$197,908$1,262,926
68$1,830,346$353,309$119,664$1,293,334
69$1,929,494$283,074$36,126$1,325,953
70$2,035,998$206,640$0$1,361,061
71$2,150,520$123,616$0$1,415,378
72$2,273,790$33,590$0$1,485,840
73$2,406,607$0$0$1,561,736
74$2,549,849$0$0$1,651,324
75$2,704,481$0$0$1,752,476
76$2,871,564$0$0$1,861,825
77$3,052,263$0$0$1,980,143
78$3,247,859$0$0$2,108,274
79$3,459,760$0$0$2,247,147
80$3,689,515$0$0$2,397,787
81$3,938,826$0$0$2,561,317
82$4,209,565$0$0$2,738,975
83$4,503,793$0$0$2,932,120
84$4,823,774$0$0$3,142,249
85$5,172,003$0$0$3,371,010
86$5,551,221$0$0$3,620,214
87$5,964,447$0$0$3,891,857
88$6,415,003$0$0$4,188,131
89$6,906,544$0$0$4,511,454
90$7,443,095$0$0$4,864,484
91$8,029,084$0$0$5,250,148
92$8,669,388$0$0$5,671,669
93$9,369,376$0$0$6,132,594
94$10,134,957$0$0$6,636,829
95$10,972,639$0$0$7,188,676
96$11,889,588$0$0$7,792,870
97$12,893,695$0$0$8,454,627
98$13,993,649$0$0$9,179,690
99$15,199,019$0$0$9,974,384
100$16,520,344$0$0$10,845,675