Can I retire at age 53 with 830,000?

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 $830,000?

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%
1 years$68,541$67,930$67,334$66,753$66,185$63,761
2 years$33,931$33,299$32,687$32,093$31,517$29,101
3 years$22,396$21,761$21,150$20,562$19,996$17,665
4 years$16,630$15,997$15,392$14,814$14,261$12,033
5 years$13,171$12,542$11,945$11,378$10,841$8,721
6 years$10,865$10,241$9,653$9,099$8,578$6,568
7 years$9,220$8,601$8,022$7,481$6,976$5,076
8 years$7,986$7,372$6,803$6,276$5,788$3,995
9 years$7,026$6,419$5,860$5,346$4,874$3,187
10 years$6,260$5,658$5,109$4,608$4,153$2,568
11 years$5,633$5,037$4,497$4,010$3,572$2,085
12 years$5,110$4,521$3,991$3,518$3,095$1,704
13 years$4,669$4,086$3,566$3,105$2,699$1,400
14 years$4,291$3,714$3,204$2,757$2,366$1,154
15 years$3,963$3,393$2,893$2,458$2,083$954
16 years$3,677$3,113$2,623$2,201$1,841$791
17 years$3,425$2,867$2,387$1,978$1,632$658
18 years$3,201$2,649$2,179$1,782$1,451$547
19 years$3,001$2,455$1,995$1,611$1,294$456
20 years$2,821$2,281$1,830$1,459$1,156$381
21 years$2,658$2,125$1,684$1,324$1,034$318
22 years$2,511$1,983$1,552$1,204$927$266
23 years$2,376$1,855$1,433$1,096$832$223
24 years$2,253$1,738$1,325$1,000$748$186
25 years$2,140$1,631$1,227$913$673$156
26 years$2,036$1,533$1,138$835$606$131
27 years$1,939$1,443$1,057$764$547$110
28 years$1,850$1,359$983$700$493$92
29 years$1,767$1,283$914$642$445$77
30 years$1,690$1,211$852$589$402$65
31 years$1,617$1,145$794$541$364$54
32 years$1,550$1,083$741$497$329$46
33 years$1,486$1,026$692$457$298$38
34 years$1,427$972$646$421$270$32
35 years$1,371$922$604$387$244$27
36 years$1,318$875$565$357$221$23
37 years$1,268$831$529$329$201$19
38 years$1,221$790$495$303$182$16
39 years$1,177$751$464$279$165$13
40 years$1,135$715$435$258$150$11
41 years$1,095$680$408$238$136$9
42 years$1,057$648$383$219$123$8
43 years$1,021$617$359$203$112$7
44 years$986$589$337$187$101$6
45 years$953$561$317$173$92$5
46 years$922$535$297$160$84$4
47 years$892$511$279$147$76$3
48 years$864$488$262$136$69$3
49 years$836$466$247$126$63$2
50 years$810$445$232$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $830,000, adding $4,090 every year, while hoping to spend $32,051 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: 70/24/6 Blend
52$830,000$830,000$830,000$830,000
53$918,879$874,889$862,024$982,180
54$978,502$883,656$856,800$1,033,321
55$1,043,133$891,779$850,326$1,084,912
56$1,113,249$899,192$842,528$1,140,476
57$1,189,373$905,825$833,325$1,200,395
58$1,272,083$911,605$822,635$1,265,090
59$1,362,013$916,451$810,371$1,335,025
60$1,459,862$920,280$796,442$1,410,713
61$1,566,397$923,004$780,752$1,492,717
62$1,682,464$924,525$763,202$1,581,660
63$1,808,993$924,745$743,688$1,678,227
64$1,947,009$923,556$722,099$1,783,175
65$2,097,637$920,843$698,323$1,897,337
66$2,262,118$916,486$672,238$2,021,632
67$2,441,817$910,358$643,722$2,157,074
68$2,638,239$902,321$612,643$2,304,779
69$2,853,037$892,233$578,864$2,465,981
70$3,088,034$879,939$542,243$2,642,038
71$3,345,236$865,279$502,631$2,834,446
72$3,626,853$848,080$459,872$3,044,859
73$3,935,317$828,162$413,803$3,275,097
74$4,273,308$805,331$364,254$3,527,168
75$4,643,777$779,383$311,048$3,803,286
76$5,049,974$750,104$254,000$4,105,893
77$5,495,477$717,265$192,914$4,437,680
78$5,984,229$680,625$127,591$4,801,615
79$6,520,573$639,928$57,818$5,200,970
80$7,109,291$594,905$0$5,639,355
81$7,755,653$545,269$0$6,121,812
82$8,465,462$490,719$0$6,655,683
83$9,245,111$430,937$0$7,242,113
84$10,101,644$365,584$0$7,886,450
85$11,042,820$294,306$0$8,594,591
86$12,077,186$216,725$0$9,373,035
87$13,214,159$132,445$0$10,228,945
88$14,464,114$41,046$0$11,170,219
89$15,838,481$0$0$12,205,562
90$17,349,853$0$0$13,359,868
91$19,012,104$0$0$14,641,378
92$20,840,521$0$0$16,051,045
93$22,851,945$0$0$17,601,860
94$25,064,934$0$0$19,308,136
95$27,499,933$0$0$21,185,645
96$30,179,472$0$0$23,251,765
97$33,128,371$0$0$25,525,643
98$36,373,982$0$0$28,028,375
99$39,946,440$0$0$30,783,208
100$43,878,952$0$0$33,815,757