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%16.3%
1 years$68,458$67,848$67,253$66,673$66,106$64,403
2 years$33,890$33,259$32,647$32,054$31,479$29,775
3 years$22,369$21,735$21,125$20,537$19,971$18,319
4 years$16,610$15,978$15,374$14,796$14,244$12,656
5 years$13,155$12,527$11,930$11,365$10,828$9,309
6 years$10,852$10,229$9,642$9,089$8,568$7,120
7 years$9,208$8,590$8,012$7,472$6,968$5,590
8 years$7,976$7,363$6,795$6,268$5,781$4,473
9 years$7,018$6,411$5,853$5,339$4,868$3,629
10 years$6,252$5,651$5,102$4,602$4,148$2,976
11 years$5,626$5,031$4,492$4,005$3,567$2,462
12 years$5,104$4,515$3,987$3,513$3,091$2,049
13 years$4,663$4,081$3,562$3,102$2,696$1,715
14 years$4,286$3,709$3,200$2,753$2,363$1,442
15 years$3,959$3,388$2,889$2,456$2,081$1,216
16 years$3,673$3,109$2,620$2,199$1,839$1,029
17 years$3,421$2,863$2,384$1,975$1,630$873
18 years$3,197$2,646$2,176$1,780$1,450$742
19 years$2,997$2,452$1,992$1,609$1,292$632
20 years$2,818$2,278$1,828$1,457$1,154$539
21 years$2,655$2,122$1,682$1,322$1,033$460
22 years$2,508$1,981$1,550$1,202$926$393
23 years$2,373$1,853$1,431$1,095$831$336
24 years$2,250$1,736$1,323$999$747$288
25 years$2,137$1,629$1,226$912$672$246
26 years$2,033$1,531$1,137$834$605$211
27 years$1,937$1,441$1,056$763$546$181
28 years$1,848$1,358$981$699$493$155
29 years$1,765$1,281$913$641$445$133
30 years$1,687$1,210$851$589$402$114
31 years$1,615$1,144$793$541$363$98
32 years$1,548$1,082$740$497$329$84
33 years$1,485$1,025$691$457$297$72
34 years$1,425$971$646$420$269$62
35 years$1,369$921$604$387$244$53
36 years$1,317$874$565$356$221$46
37 years$1,267$830$528$328$200$39
38 years$1,220$789$495$303$182$34
39 years$1,176$750$464$279$165$29
40 years$1,133$714$435$257$149$25
41 years$1,093$680$407$237$136$22
42 years$1,055$647$382$219$123$19
43 years$1,019$617$359$202$112$16
44 years$985$588$337$187$101$14
45 years$952$561$316$173$92$12
46 years$921$535$297$159$83$10
47 years$891$510$279$147$76$9
48 years$863$487$262$136$69$7
49 years$835$465$246$126$63$6
50 years$809$444$232$116$57$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $829,000, adding $5,771 every year, while hoping to spend $33,544 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: 43/31/26 Blend
52$829,000$829,000$829,000$829,000
53$919,511$875,574$862,724$951,867
54$977,610$882,786$855,935$982,740
55$1,040,512$889,228$847,794$1,012,530
56$1,108,670$894,826$838,221$1,044,154
57$1,182,583$899,502$827,130$1,077,800
58$1,262,802$903,173$814,435$1,113,679
59$1,349,931$905,751$800,041$1,152,022
60$1,444,633$907,142$783,852$1,193,090
61$1,547,642$907,248$765,767$1,237,167
62$1,659,760$905,962$745,679$1,284,574
63$1,781,873$903,172$723,477$1,335,664
64$1,914,956$898,759$699,045$1,390,827
65$2,060,081$892,597$672,262$1,450,499
66$2,218,426$884,552$643,000$1,515,160
67$2,391,292$874,481$611,127$1,585,345
68$2,580,107$862,235$576,503$1,661,645
69$2,786,446$847,652$538,985$1,744,715
70$3,012,042$830,565$498,418$1,835,280
71$3,258,801$810,794$454,647$1,934,143
72$3,528,826$788,150$407,504$2,042,195
73$3,824,428$762,431$356,817$2,160,418
74$4,148,155$733,425$302,406$2,289,903
75$4,502,811$700,908$244,081$2,431,856
76$4,891,486$664,640$181,646$2,587,609
77$5,317,582$624,372$114,895$2,758,638
78$5,784,845$579,836$43,614$2,946,574
79$6,297,402$530,751$0$3,153,221
80$6,859,799$476,820$0$3,389,578
81$7,477,043$417,728$0$3,662,343
82$8,154,648$353,143$0$3,961,908
83$8,898,689$282,714$0$4,291,039
84$9,715,859$206,071$0$4,652,784
85$10,613,530$122,822$0$5,050,510
86$11,599,823$32,553$0$5,487,929
87$12,683,685$0$0$5,969,139
88$13,874,972$0$0$6,520,892
89$15,184,543$0$0$7,139,747
90$16,624,361$0$0$7,820,268
91$18,207,607$0$0$8,568,699
92$19,948,803$0$0$9,391,918
93$21,863,947$0$0$10,297,506
94$23,970,668$0$0$11,293,814
95$26,288,387$0$0$12,390,043
96$28,838,503$0$0$13,596,332
97$31,644,596$0$0$14,923,851
98$34,732,644$0$0$16,384,908
99$38,131,272$0$0$17,993,067
100$41,872,021$0$0$19,763,270