Can I retire at age 53 with 830,000?

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 $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%11.4%
1 years$68,541$67,930$67,334$66,753$66,185$65,796
2 years$33,931$33,299$32,687$32,093$31,517$31,124
3 years$22,396$21,761$21,150$20,562$19,996$19,611
4 years$16,630$15,997$15,392$14,814$14,261$13,888
5 years$13,171$12,542$11,945$11,378$10,841$10,481
6 years$10,865$10,241$9,653$9,099$8,578$8,232
7 years$9,220$8,601$8,022$7,481$6,976$6,643
8 years$7,986$7,372$6,803$6,276$5,788$5,468
9 years$7,026$6,419$5,860$5,346$4,874$4,567
10 years$6,260$5,658$5,109$4,608$4,153$3,860
11 years$5,633$5,037$4,497$4,010$3,572$3,291
12 years$5,110$4,521$3,991$3,518$3,095$2,828
13 years$4,669$4,086$3,566$3,105$2,699$2,444
14 years$4,291$3,714$3,204$2,757$2,366$2,123
15 years$3,963$3,393$2,893$2,458$2,083$1,852
16 years$3,677$3,113$2,623$2,201$1,841$1,622
17 years$3,425$2,867$2,387$1,978$1,632$1,424
18 years$3,201$2,649$2,179$1,782$1,451$1,254
19 years$3,001$2,455$1,995$1,611$1,294$1,107
20 years$2,821$2,281$1,830$1,459$1,156$979
21 years$2,658$2,125$1,684$1,324$1,034$867
22 years$2,511$1,983$1,552$1,204$927$769
23 years$2,376$1,855$1,433$1,096$832$683
24 years$2,253$1,738$1,325$1,000$748$608
25 years$2,140$1,631$1,227$913$673$541
26 years$2,036$1,533$1,138$835$606$482
27 years$1,939$1,443$1,057$764$547$430
28 years$1,850$1,359$983$700$493$384
29 years$1,767$1,283$914$642$445$343
30 years$1,690$1,211$852$589$402$306
31 years$1,617$1,145$794$541$364$274
32 years$1,550$1,083$741$497$329$245
33 years$1,486$1,026$692$457$298$219
34 years$1,427$972$646$421$270$196
35 years$1,371$922$604$387$244$175
36 years$1,318$875$565$357$221$157
37 years$1,268$831$529$329$201$141
38 years$1,221$790$495$303$182$126
39 years$1,177$751$464$279$165$113
40 years$1,135$715$435$258$150$101
41 years$1,095$680$408$238$136$91
42 years$1,057$648$383$219$123$81
43 years$1,021$617$359$203$112$73
44 years$986$589$337$187$101$65
45 years$953$561$317$173$92$59
46 years$922$535$297$160$84$53
47 years$892$511$279$147$76$47
48 years$864$488$262$136$69$42
49 years$836$466$247$126$63$38
50 years$810$445$232$116$57$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $830,000, adding $2,184 every year, while hoping to spend $52,073 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: 52/28/20 Blend
52$830,000$830,000$830,000$830,000
53$916,913$872,923$860,058$959,431
54$955,033$860,291$833,464$976,304
55$995,295$845,294$804,235$989,058
56$1,037,865$827,763$772,226$1,001,818
57$1,082,919$807,516$737,288$1,014,604
58$1,130,654$784,361$699,264$1,027,438
59$1,181,282$758,096$657,990$1,040,349
60$1,235,035$728,505$613,296$1,053,372
61$1,292,170$695,363$565,002$1,066,550
62$1,352,963$658,428$512,922$1,079,933
63$1,417,721$617,447$456,861$1,093,581
64$1,486,777$572,150$396,614$1,107,565
65$1,560,497$522,254$331,969$1,121,967
66$1,639,282$467,458$262,704$1,136,882
67$1,723,570$407,445$188,586$1,152,421
68$1,813,844$341,880$109,373$1,168,713
69$1,910,631$270,407$24,813$1,185,902
70$2,014,512$192,653$0$1,204,157
71$2,126,122$108,223$0$1,237,633
72$2,246,159$16,699$0$1,279,143
73$2,375,390$0$0$1,323,695
74$2,514,657$0$0$1,397,012
75$2,664,883$0$0$1,481,712
76$2,827,085$0$0$1,573,231
77$3,002,379$0$0$1,672,207
78$3,191,991$0$0$1,779,342
79$3,397,270$0$0$1,895,406
80$3,619,697$0$0$2,021,248
81$3,860,903$0$0$2,157,800
82$4,122,680$0$0$2,306,087
83$4,406,999$0$0$2,467,237
84$4,716,029$0$0$2,642,492
85$5,052,154$0$0$2,833,216
86$5,418,000$0$0$3,040,911
87$5,816,453$0$0$3,267,230
88$6,250,692$0$0$3,513,993
89$6,724,213$0$0$3,783,201
90$7,240,866$0$0$4,077,057
91$7,804,887$0$0$4,397,988
92$8,420,940$0$0$4,748,663
93$9,094,159$0$0$5,132,023
94$9,830,197$0$0$5,551,305
95$10,635,276$0$0$6,010,071
96$11,516,248$0$0$6,512,245
97$12,480,659$0$0$7,062,150
98$13,536,818$0$0$7,664,544
99$14,693,873$0$0$8,324,666
100$15,961,901$0$0$9,048,288