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%12.9%
1 years$68,623$68,012$67,416$66,833$66,265$65,464
2 years$33,972$33,339$32,726$32,131$31,555$30,749
3 years$22,423$21,788$21,176$20,587$20,020$19,234
4 years$16,650$16,016$15,411$14,832$14,278$13,518
5 years$13,187$12,557$11,959$11,392$10,854$10,122
6 years$10,879$10,254$9,665$9,110$8,588$7,886
7 years$9,231$8,611$8,032$7,490$6,985$6,311
8 years$7,995$7,381$6,811$6,283$5,794$5,150
9 years$7,035$6,427$5,867$5,352$4,880$4,265
10 years$6,267$5,665$5,115$4,613$4,158$3,571
11 years$5,639$5,043$4,503$4,015$3,576$3,017
12 years$5,117$4,526$3,996$3,522$3,099$2,568
13 years$4,674$4,090$3,570$3,109$2,702$2,198
14 years$4,296$3,718$3,208$2,760$2,369$1,891
15 years$3,968$3,397$2,896$2,461$2,086$1,633
16 years$3,682$3,116$2,626$2,204$1,843$1,415
17 years$3,429$2,870$2,390$1,980$1,634$1,230
18 years$3,205$2,652$2,181$1,785$1,453$1,071
19 years$3,004$2,458$1,997$1,613$1,295$935
20 years$2,824$2,284$1,833$1,460$1,157$818
21 years$2,662$2,127$1,686$1,325$1,035$717
22 years$2,514$1,986$1,554$1,205$928$629
23 years$2,379$1,857$1,435$1,098$833$552
24 years$2,256$1,740$1,327$1,001$749$486
25 years$2,142$1,633$1,229$914$674$427
26 years$2,038$1,535$1,140$836$607$376
27 years$1,942$1,444$1,058$765$547$332
28 years$1,852$1,361$984$701$494$292
29 years$1,769$1,284$915$643$446$258
30 years$1,692$1,213$853$590$403$228
31 years$1,619$1,146$795$542$364$201
32 years$1,552$1,085$742$498$329$178
33 years$1,488$1,027$693$458$298$157
34 years$1,429$974$647$421$270$139
35 years$1,373$923$605$388$244$123
36 years$1,320$876$566$357$222$108
37 years$1,270$832$530$329$201$96
38 years$1,223$791$496$303$182$85
39 years$1,178$752$465$280$165$75
40 years$1,136$716$436$258$150$66
41 years$1,096$681$408$238$136$59
42 years$1,058$649$383$220$123$52
43 years$1,022$618$360$203$112$46
44 years$987$589$337$187$102$41
45 years$955$562$317$173$92$36
46 years$923$536$298$160$84$32
47 years$893$512$280$148$76$28
48 years$865$488$263$136$69$25
49 years$837$466$247$126$63$22
50 years$811$445$232$116$57$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $831,000, adding $6,434 every year, while hoping to spend $28,982 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: 48/30/22 Blend
52$831,000$831,000$831,000$831,000
53$922,399$878,356$865,475$960,642
54$985,647$890,558$863,632$1,000,181
55$1,054,375$902,388$860,756$1,039,673
56$1,129,111$913,795$856,781$1,081,963
57$1,210,437$924,727$851,640$1,127,326
58$1,298,992$935,130$845,260$1,176,066
59$1,395,480$944,942$837,567$1,228,522
60$1,500,675$954,100$828,482$1,285,063
61$1,615,431$962,538$817,923$1,346,102
62$1,740,684$970,182$805,803$1,412,091
63$1,877,469$976,956$792,032$1,483,534
64$2,026,922$982,777$776,516$1,560,984
65$2,190,294$987,559$759,155$1,645,053
66$2,368,963$991,210$739,847$1,736,417
67$2,564,448$993,629$718,482$1,835,825
68$2,778,419$994,714$694,948$1,944,101
69$3,012,715$994,352$669,126$2,062,155
70$3,269,362$992,426$640,893$2,190,996
71$3,550,592$988,810$610,118$2,331,733
72$3,858,862$983,371$576,666$2,485,595
73$4,196,878$975,968$540,396$2,653,936
74$4,567,620$966,452$501,160$2,838,252
75$4,974,372$954,662$458,804$3,040,196
76$5,420,750$940,432$413,165$3,261,589
77$5,910,736$923,583$364,076$3,504,445
78$6,448,719$903,926$311,360$3,770,985
79$7,039,531$881,261$254,833$4,063,661
80$7,688,496$855,377$194,304$4,385,179
81$8,401,481$826,048$129,571$4,738,526
82$9,184,946$793,039$60,426$5,126,997
83$10,046,010$756,097$0$5,554,229
84$10,992,514$714,957$0$6,027,373
85$12,033,099$669,338$0$6,563,059
86$13,177,283$618,943$0$7,152,031
87$14,435,553$563,459$0$7,799,735
88$15,819,463$502,553$0$8,512,178
89$17,341,745$435,874$0$9,295,984
90$19,016,423$363,051$0$10,158,455
91$20,858,951$283,694$0$11,107,641
92$22,886,357$197,388$0$12,152,419
93$25,117,402$103,697$0$13,302,574
94$27,572,758$2,159$0$14,568,896
95$30,275,201$0$0$15,963,279
96$33,249,829$0$0$17,534,394
97$36,524,296$0$0$19,264,773
98$40,129,073$0$0$21,169,819
99$44,097,735$0$0$23,267,292
100$48,467,278$0$0$25,576,758