Can I retire at age 53 with 831,000?

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 $831,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$68,623$68,012$67,416$66,833$66,265$64,901
2 years$33,972$33,339$32,726$32,131$31,555$30,186
3 years$22,423$21,788$21,176$20,587$20,020$18,690
4 years$16,650$16,016$15,411$14,832$14,278$12,997
5 years$13,187$12,557$11,959$11,392$10,854$9,626
6 years$10,879$10,254$9,665$9,110$8,588$7,414
7 years$9,231$8,611$8,032$7,490$6,985$5,864
8 years$7,995$7,381$6,811$6,283$5,794$4,728
9 years$7,035$6,427$5,867$5,352$4,880$3,866
10 years$6,267$5,665$5,115$4,613$4,158$3,196
11 years$5,639$5,043$4,503$4,015$3,576$2,665
12 years$5,117$4,526$3,996$3,522$3,099$2,238
13 years$4,674$4,090$3,570$3,109$2,702$1,889
14 years$4,296$3,718$3,208$2,760$2,369$1,602
15 years$3,968$3,397$2,896$2,461$2,086$1,364
16 years$3,682$3,116$2,626$2,204$1,843$1,165
17 years$3,429$2,870$2,390$1,980$1,634$997
18 years$3,205$2,652$2,181$1,785$1,453$856
19 years$3,004$2,458$1,997$1,613$1,295$736
20 years$2,824$2,284$1,833$1,460$1,157$634
21 years$2,662$2,127$1,686$1,325$1,035$546
22 years$2,514$1,986$1,554$1,205$928$472
23 years$2,379$1,857$1,435$1,098$833$407
24 years$2,256$1,740$1,327$1,001$749$352
25 years$2,142$1,633$1,229$914$674$305
26 years$2,038$1,535$1,140$836$607$264
27 years$1,942$1,444$1,058$765$547$229
28 years$1,852$1,361$984$701$494$198
29 years$1,769$1,284$915$643$446$172
30 years$1,692$1,213$853$590$403$149
31 years$1,619$1,146$795$542$364$130
32 years$1,552$1,085$742$498$329$112
33 years$1,488$1,027$693$458$298$98
34 years$1,429$974$647$421$270$85
35 years$1,373$923$605$388$244$74
36 years$1,320$876$566$357$222$64
37 years$1,270$832$530$329$201$56
38 years$1,223$791$496$303$182$48
39 years$1,178$752$465$280$165$42
40 years$1,136$716$436$258$150$36
41 years$1,096$681$408$238$136$32
42 years$1,058$649$383$220$123$28
43 years$1,022$618$360$203$112$24
44 years$987$589$337$187$102$21
45 years$955$562$317$173$92$18
46 years$923$536$298$160$84$16
47 years$893$512$280$148$76$14
48 years$865$488$263$136$69$12
49 years$837$466$247$126$63$10
50 years$811$445$232$116$57$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $831,000, adding $4,708 every year, while hoping to spend $58,254 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: 83/12/5 Blend
52$831,000$831,000$831,000$831,000
53$920,618$876,575$863,695$996,580
54$952,540$857,546$830,647$1,027,837
55$985,764$835,631$794,539$1,053,782
56$1,020,364$810,629$755,208$1,080,435
57$1,056,416$782,324$712,482$1,107,831
58$1,094,002$750,490$666,182$1,136,007
59$1,133,211$714,885$616,120$1,165,005
60$1,174,140$675,256$562,102$1,194,872
61$1,216,892$631,333$503,922$1,225,657
62$1,261,579$582,832$441,367$1,257,416
63$1,308,322$529,453$374,215$1,290,211
64$1,357,252$470,877$302,231$1,324,109
65$1,408,509$406,768$225,174$1,359,186
66$1,462,249$336,771$142,790$1,395,525
67$1,518,638$260,512$54,812$1,433,217
68$1,577,856$177,595$0$1,472,364
69$1,640,101$87,600$0$1,515,163
70$1,705,586$0$0$1,562,910
71$1,774,543$0$0$1,614,142
72$1,847,226$0$0$1,680,339
73$1,923,910$0$0$1,750,189
74$2,004,897$0$0$1,823,963
75$2,090,514$0$0$1,901,964
76$2,181,119$0$0$1,984,517
77$2,277,103$0$0$2,071,980
78$2,378,893$0$0$2,164,744
79$2,486,956$0$0$2,263,233
80$2,601,801$0$0$2,367,916
81$2,723,988$0$0$2,479,303
82$2,854,127$0$0$2,597,951
83$2,992,888$0$0$2,724,472
84$3,141,003$0$0$2,859,538
85$3,299,275$0$0$3,003,880
86$3,468,584$0$0$3,158,305
87$3,649,896$0$0$3,323,694
88$3,844,268$0$0$3,501,015
89$4,052,862$0$0$3,691,329
90$4,276,951$0$0$3,895,801
91$4,517,934$0$0$4,115,710
92$4,777,347$0$0$4,352,459
93$5,056,875$0$0$4,607,591
94$5,358,371$0$0$4,882,799
95$5,683,869$0$0$5,179,942
96$6,035,604$0$0$5,501,066
97$6,416,033$0$0$5,848,417
98$6,827,858$0$0$6,224,464
99$7,274,046$0$0$6,631,922
100$7,757,862$0$0$7,073,777