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%18.4%
1 years$68,458$67,848$67,253$66,673$66,106$63,862
2 years$33,890$33,259$32,647$32,054$31,479$29,241
3 years$22,369$21,735$21,125$20,537$19,971$17,809
4 years$16,610$15,978$15,374$14,796$14,244$12,174
5 years$13,155$12,527$11,930$11,365$10,828$8,856
6 years$10,852$10,229$9,642$9,089$8,568$6,696
7 years$9,208$8,590$8,012$7,472$6,968$5,195
8 years$7,976$7,363$6,795$6,268$5,781$4,106
9 years$7,018$6,411$5,853$5,339$4,868$3,289
10 years$6,252$5,651$5,102$4,602$4,148$2,662
11 years$5,626$5,031$4,492$4,005$3,567$2,172
12 years$5,104$4,515$3,987$3,513$3,091$1,783
13 years$4,663$4,081$3,562$3,102$2,696$1,471
14 years$4,286$3,709$3,200$2,753$2,363$1,219
15 years$3,959$3,388$2,889$2,456$2,081$1,013
16 years$3,673$3,109$2,620$2,199$1,839$844
17 years$3,421$2,863$2,384$1,975$1,630$705
18 years$3,197$2,646$2,176$1,780$1,450$590
19 years$2,997$2,452$1,992$1,609$1,292$495
20 years$2,818$2,278$1,828$1,457$1,154$415
21 years$2,655$2,122$1,682$1,322$1,033$349
22 years$2,508$1,981$1,550$1,202$926$293
23 years$2,373$1,853$1,431$1,095$831$247
24 years$2,250$1,736$1,323$999$747$208
25 years$2,137$1,629$1,226$912$672$175
26 years$2,033$1,531$1,137$834$605$147
27 years$1,937$1,441$1,056$763$546$124
28 years$1,848$1,358$981$699$493$105
29 years$1,765$1,281$913$641$445$88
30 years$1,687$1,210$851$589$402$75
31 years$1,615$1,144$793$541$363$63
32 years$1,548$1,082$740$497$329$53
33 years$1,485$1,025$691$457$297$45
34 years$1,425$971$646$420$269$38
35 years$1,369$921$604$387$244$32
36 years$1,317$874$565$356$221$27
37 years$1,267$830$528$328$200$23
38 years$1,220$789$495$303$182$19
39 years$1,176$750$464$279$165$16
40 years$1,133$714$435$257$149$14
41 years$1,093$680$407$237$136$12
42 years$1,055$647$382$219$123$10
43 years$1,019$617$359$202$112$8
44 years$985$588$337$187$101$7
45 years$952$561$316$173$92$6
46 years$921$535$297$159$83$5
47 years$891$510$279$147$76$4
48 years$863$487$262$136$69$4
49 years$835$465$246$126$63$3
50 years$809$444$232$116$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $829,000, adding $6,319 every year, while hoping to spend $49,155 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: 59/17/24 Blend
52$829,000$829,000$829,000$829,000
53$920,076$876,139$863,290$968,088
54$961,623$866,769$839,909$992,134
55$1,005,761$855,293$814,098$1,012,509
56$1,052,701$841,555$785,723$1,033,670
57$1,102,676$825,391$754,645$1,055,706
58$1,155,941$806,627$720,717$1,078,714
59$1,212,773$785,078$683,787$1,102,806
60$1,273,479$760,550$643,697$1,128,105
61$1,338,392$732,835$600,279$1,154,750
62$1,407,880$701,715$553,360$1,182,899
63$1,482,344$666,959$502,758$1,212,726
64$1,562,225$628,322$448,282$1,244,427
65$1,648,007$585,546$389,735$1,278,223
66$1,740,222$538,356$326,909$1,314,358
67$1,839,453$486,463$259,589$1,353,107
68$1,946,340$429,562$187,548$1,394,775
69$2,061,586$367,330$110,550$1,439,704
70$2,185,963$299,425$28,349$1,488,274
71$2,320,321$225,487$0$1,540,909
72$2,465,593$145,135$0$1,613,287
73$2,622,803$57,966$0$1,699,463
74$2,793,078$0$0$1,792,827
75$2,977,659$0$0$1,900,922
76$3,177,906$0$0$2,030,014
77$3,395,320$0$0$2,170,232
78$3,631,548$0$0$2,322,646
79$3,888,402$0$0$2,488,435
80$4,167,879$0$0$2,668,894
81$4,472,173$0$0$2,865,448
82$4,803,698$0$0$3,079,668
83$5,165,113$0$0$3,313,279
84$5,559,342$0$0$3,568,183
85$5,989,606$0$0$3,846,470
86$6,459,447$0$0$4,150,444
87$6,972,768$0$0$4,482,641
88$7,533,863$0$0$4,845,849
89$8,147,461$0$0$5,243,144
90$8,818,767$0$0$5,677,908
91$9,553,515$0$0$6,153,866
92$10,358,018$0$0$6,675,122
93$11,239,226$0$0$7,246,193
94$12,204,795$0$0$7,872,055
95$13,263,155$0$0$8,558,187
96$14,423,593$0$0$9,310,625
97$15,696,335$0$0$10,136,016
98$17,092,645$0$0$11,041,682
99$18,624,930$0$0$12,035,687
100$20,306,856$0$0$13,126,915