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%19%
1 years$68,375$67,766$67,172$66,592$66,026$63,633
2 years$33,849$33,219$32,608$32,015$31,441$29,056
3 years$22,342$21,709$21,099$20,513$19,947$17,646
4 years$16,590$15,958$15,355$14,778$14,227$12,026
5 years$13,139$12,512$11,916$11,351$10,815$8,721
6 years$10,839$10,217$9,630$9,078$8,557$6,572
7 years$9,197$8,580$8,003$7,463$6,959$5,081
8 years$7,966$7,355$6,787$6,261$5,774$4,002
9 years$7,010$6,403$5,845$5,333$4,862$3,194
10 years$6,244$5,644$5,096$4,597$4,143$2,575
11 years$5,619$5,025$4,487$4,001$3,563$2,093
12 years$5,098$4,510$3,982$3,509$3,088$1,711
13 years$4,658$4,076$3,557$3,098$2,692$1,406
14 years$4,280$3,705$3,196$2,750$2,360$1,160
15 years$3,954$3,384$2,886$2,453$2,078$960
16 years$3,668$3,105$2,617$2,196$1,837$797
17 years$3,417$2,860$2,381$1,973$1,628$663
18 years$3,193$2,642$2,173$1,778$1,448$552
19 years$2,994$2,449$1,990$1,607$1,291$461
20 years$2,814$2,276$1,826$1,455$1,153$385
21 years$2,652$2,120$1,680$1,321$1,032$322
22 years$2,505$1,979$1,548$1,201$925$269
23 years$2,370$1,851$1,429$1,094$830$225
24 years$2,248$1,734$1,322$997$746$189
25 years$2,135$1,627$1,224$911$671$158
26 years$2,031$1,529$1,136$833$605$133
27 years$1,935$1,439$1,054$762$545$111
28 years$1,845$1,356$980$698$492$93
29 years$1,763$1,279$912$641$444$78
30 years$1,685$1,208$850$588$401$66
31 years$1,613$1,142$792$540$363$55
32 years$1,546$1,081$739$496$328$46
33 years$1,483$1,024$690$456$297$39
34 years$1,423$970$645$420$269$33
35 years$1,368$920$603$386$244$27
36 years$1,315$873$564$356$221$23
37 years$1,265$829$528$328$200$19
38 years$1,218$788$494$302$181$16
39 years$1,174$750$463$279$164$14
40 years$1,132$713$434$257$149$12
41 years$1,092$679$407$237$135$10
42 years$1,054$647$382$219$123$8
43 years$1,018$616$358$202$111$7
44 years$984$587$336$187$101$6
45 years$951$560$316$172$92$5
46 years$920$534$297$159$83$4
47 years$890$510$279$147$76$3
48 years$862$487$262$136$69$3
49 years$834$465$246$126$62$2
50 years$808$444$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $828,000, adding $5,137 every year, while hoping to spend $42,811 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: 73/14/13 Blend
52$828,000$828,000$828,000$828,000
53$917,755$873,871$861,037$981,864
54$965,815$871,140$844,331$1,022,238
55$1,017,343$866,840$825,631$1,060,669
56$1,072,647$860,850$804,824$1,101,610
57$1,132,064$853,040$781,793$1,145,299
58$1,195,968$843,272$756,417$1,191,998
59$1,264,766$831,401$728,565$1,241,996
60$1,338,905$817,273$698,105$1,295,615
61$1,418,878$800,724$664,897$1,353,206
62$1,505,226$781,582$628,793$1,415,160
63$1,598,542$759,662$589,641$1,481,908
64$1,699,480$734,772$547,280$1,553,924
65$1,808,757$706,706$501,544$1,631,734
66$1,927,162$675,246$452,258$1,715,916
67$2,055,562$640,163$399,238$1,807,112
68$2,194,912$601,214$342,295$1,906,027
69$2,346,261$558,141$281,230$2,013,440
70$2,510,762$510,673$215,834$2,130,213
71$2,689,686$458,522$145,890$2,257,296
72$2,884,429$401,384$71,173$2,395,737
73$3,096,528$338,940$0$2,546,695
74$3,327,675$270,849$0$2,712,635
75$3,579,731$196,753$0$2,904,392
76$3,854,744$116,275$0$3,113,677
77$4,154,970$29,015$0$3,342,243
78$4,482,891$0$0$3,592,027
79$4,841,239$0$0$3,875,243
80$5,233,024$0$0$4,189,809
81$5,661,557$0$0$4,533,918
82$6,130,485$0$0$4,910,504
83$6,643,824$0$0$5,322,796
84$7,205,997$0$0$5,774,352
85$7,821,874$0$0$6,269,089
86$8,496,817$0$0$6,811,320
87$9,236,733$0$0$7,405,796
88$10,048,128$0$0$8,057,750
89$10,938,167$0$0$8,772,945
90$11,914,741$0$0$9,557,729
91$12,986,543$0$0$10,419,094
92$14,163,149$0$0$11,364,743
93$15,455,106$0$0$12,403,159
94$16,874,034$0$0$13,543,689
95$18,432,730$0$0$14,796,628
96$20,145,297$0$0$16,173,318
97$22,027,266$0$0$17,686,255
98$24,095,752$0$0$19,349,205
99$26,369,607$0$0$21,177,332
100$28,869,602$0$0$23,187,345