Can I retire at age 53 with 829,000?

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 $829,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$68,458$67,848$67,253$66,673$66,106$64,092
2 years$33,890$33,259$32,647$32,054$31,479$29,468
3 years$22,369$21,735$21,125$20,537$19,971$18,026
4 years$16,610$15,978$15,374$14,796$14,244$12,378
5 years$13,155$12,527$11,930$11,365$10,828$9,047
6 years$10,852$10,229$9,642$9,089$8,568$6,874
7 years$9,208$8,590$8,012$7,472$6,968$5,361
8 years$7,976$7,363$6,795$6,268$5,781$4,259
9 years$7,018$6,411$5,853$5,339$4,868$3,431
10 years$6,252$5,651$5,102$4,602$4,148$2,793
11 years$5,626$5,031$4,492$4,005$3,567$2,292
12 years$5,104$4,515$3,987$3,513$3,091$1,893
13 years$4,663$4,081$3,562$3,102$2,696$1,571
14 years$4,286$3,709$3,200$2,753$2,363$1,310
15 years$3,959$3,388$2,889$2,456$2,081$1,096
16 years$3,673$3,109$2,620$2,199$1,839$919
17 years$3,421$2,863$2,384$1,975$1,630$773
18 years$3,197$2,646$2,176$1,780$1,450$651
19 years$2,997$2,452$1,992$1,609$1,292$549
20 years$2,818$2,278$1,828$1,457$1,154$464
21 years$2,655$2,122$1,682$1,322$1,033$393
22 years$2,508$1,981$1,550$1,202$926$332
23 years$2,373$1,853$1,431$1,095$831$282
24 years$2,250$1,736$1,323$999$747$239
25 years$2,137$1,629$1,226$912$672$203
26 years$2,033$1,531$1,137$834$605$172
27 years$1,937$1,441$1,056$763$546$146
28 years$1,848$1,358$981$699$493$124
29 years$1,765$1,281$913$641$445$105
30 years$1,687$1,210$851$589$402$90
31 years$1,615$1,144$793$541$363$76
32 years$1,548$1,082$740$497$329$65
33 years$1,485$1,025$691$457$297$55
34 years$1,425$971$646$420$269$47
35 years$1,369$921$604$387$244$40
36 years$1,317$874$565$356$221$34
37 years$1,267$830$528$328$200$29
38 years$1,220$789$495$303$182$25
39 years$1,176$750$464$279$165$21
40 years$1,133$714$435$257$149$18
41 years$1,093$680$407$237$136$15
42 years$1,055$647$382$219$123$13
43 years$1,019$617$359$202$112$11
44 years$985$588$337$187$101$9
45 years$952$561$316$173$92$8
46 years$921$535$297$159$83$7
47 years$891$510$279$147$76$6
48 years$863$487$262$136$69$5
49 years$835$465$246$126$63$4
50 years$809$444$232$116$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $829,000, adding $5,487 every year, while hoping to spend $40,228 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: 63/29/8 Blend
52$829,000$829,000$829,000$829,000
53$919,218$875,281$862,431$975,292
54$970,176$875,367$848,521$1,013,479
55$1,024,983$874,110$832,795$1,049,956
56$1,083,990$871,400$815,153$1,088,752
57$1,147,581$867,123$795,485$1,130,090
58$1,216,179$861,156$773,678$1,174,217
59$1,290,247$853,371$749,614$1,221,405
60$1,370,296$843,630$723,170$1,271,958
61$1,456,886$831,787$694,215$1,326,209
62$1,550,633$817,689$662,616$1,384,528
63$1,652,214$801,172$628,230$1,447,324
64$1,762,374$782,064$590,910$1,515,050
65$1,881,931$760,180$550,501$1,588,205
66$2,011,788$735,328$506,842$1,667,343
67$2,152,933$707,302$459,764$1,753,075
68$2,306,457$675,885$409,091$1,846,078
69$2,473,560$640,848$354,640$1,947,098
70$2,655,560$601,946$296,217$2,056,963
71$2,853,909$558,924$233,623$2,176,586
72$3,070,206$511,509$166,647$2,306,976
73$3,306,208$459,415$95,071$2,449,249
74$3,563,853$402,337$18,668$2,604,638
75$3,845,270$339,956$0$2,774,505
76$4,152,806$271,932$0$2,965,722
77$4,489,043$197,907$0$3,176,635
78$4,856,824$117,504$0$3,407,507
79$5,259,282$30,323$0$3,660,391
80$5,699,862$0$0$3,937,552
81$6,182,361$0$0$4,261,933
82$6,710,961$0$0$4,627,966
83$7,290,265$0$0$5,029,171
84$7,925,343$0$0$5,469,067
85$8,621,781$0$0$5,951,531
86$9,385,729$0$0$6,480,832
87$10,223,963$0$0$7,061,671
88$11,143,944$0$0$7,699,230
89$12,153,893$0$0$8,399,215
90$13,262,865$0$0$9,167,909
91$14,480,834$0$0$10,012,237
92$15,818,789$0$0$10,939,827
93$17,288,833$0$0$11,959,080
94$18,904,303$0$0$13,079,255
95$20,679,889$0$0$14,310,548
96$22,631,776$0$0$15,664,195
97$24,777,796$0$0$17,152,574
98$27,137,593$0$0$18,789,322
99$29,732,812$0$0$20,589,465
100$32,587,300$0$0$22,569,558