Can I retire at age 53 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$68,706$68,094$67,497$66,914$66,345$64,324
2 years$34,013$33,379$32,765$32,170$31,593$29,574
3 years$22,450$21,814$21,201$20,612$20,044$18,091
4 years$16,670$16,035$15,429$14,850$14,295$12,423
5 years$13,202$12,572$11,974$11,406$10,867$9,080
6 years$10,892$10,266$9,677$9,121$8,599$6,899
7 years$9,242$8,621$8,041$7,499$6,993$5,380
8 years$8,005$7,390$6,820$6,291$5,801$4,275
9 years$7,043$6,434$5,874$5,358$4,886$3,443
10 years$6,275$5,672$5,121$4,619$4,163$2,803
11 years$5,646$5,049$4,508$4,020$3,580$2,300
12 years$5,123$4,532$4,001$3,526$3,103$1,900
13 years$4,680$4,095$3,575$3,113$2,705$1,577
14 years$4,301$3,723$3,212$2,763$2,372$1,315
15 years$3,973$3,401$2,900$2,464$2,088$1,100
16 years$3,686$3,120$2,629$2,207$1,845$923
17 years$3,433$2,873$2,392$1,983$1,636$776
18 years$3,209$2,655$2,184$1,787$1,455$653
19 years$3,008$2,461$1,999$1,614$1,297$551
20 years$2,828$2,287$1,835$1,462$1,158$466
21 years$2,665$2,130$1,688$1,327$1,037$394
22 years$2,517$1,988$1,555$1,207$929$334
23 years$2,382$1,860$1,436$1,099$834$283
24 years$2,258$1,742$1,328$1,002$750$240
25 years$2,145$1,635$1,230$915$675$203
26 years$2,041$1,537$1,141$837$608$173
27 years$1,944$1,446$1,060$766$548$147
28 years$1,854$1,363$985$702$494$124
29 years$1,771$1,286$917$644$446$106
30 years$1,694$1,214$854$591$403$90
31 years$1,621$1,148$796$542$365$76
32 years$1,553$1,086$743$499$330$65
33 years$1,490$1,028$693$458$299$55
34 years$1,430$975$648$422$270$47
35 years$1,374$925$606$388$245$40
36 years$1,321$878$567$358$222$34
37 years$1,272$833$530$330$201$29
38 years$1,224$792$497$304$182$25
39 years$1,180$753$465$280$165$21
40 years$1,137$717$436$258$150$18
41 years$1,097$682$409$238$136$15
42 years$1,059$650$384$220$123$13
43 years$1,023$619$360$203$112$11
44 years$989$590$338$187$102$9
45 years$956$563$317$173$92$8
46 years$924$537$298$160$84$7
47 years$894$512$280$148$76$6
48 years$866$489$263$137$69$5
49 years$838$467$247$126$63$4
50 years$812$446$232$117$57$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $832,000, adding $3,110 every year, while hoping to spend $44,119 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: 62/11/27 Blend
52$832,000$832,000$832,000$832,000
53$920,072$875,976$863,080$970,298
54$966,977$871,957$845,051$1,000,746
55$1,017,188$866,261$824,939$1,028,897
56$1,070,995$858,762$802,628$1,058,688
57$1,128,717$849,322$777,997$1,090,285
58$1,190,703$837,796$750,917$1,123,877
59$1,257,339$824,032$721,257$1,159,670
60$1,329,044$807,866$688,876$1,197,895
61$1,406,282$789,128$653,629$1,238,808
62$1,489,562$767,633$615,364$1,282,693
63$1,579,441$743,191$573,922$1,329,864
64$1,676,532$715,596$529,137$1,380,672
65$1,781,511$684,633$480,836$1,435,503
66$1,895,118$650,072$428,836$1,494,787
67$2,018,167$611,673$372,950$1,559,000
68$2,151,554$569,179$312,977$1,628,669
69$2,296,264$522,320$248,714$1,704,378
70$2,453,380$470,811$179,943$1,786,775
71$2,624,093$414,349$106,439$1,876,576
72$2,809,713$352,615$27,967$1,974,573
73$3,011,682$285,271$0$2,081,645
74$3,231,587$211,963$0$2,214,831
75$3,471,173$132,313$0$2,368,781
76$3,732,360$45,924$0$2,536,695
77$4,017,262$0$0$2,719,968
78$4,328,208$0$0$2,925,904
79$4,667,756$0$0$3,156,911
80$5,038,728$0$0$3,409,357
81$5,444,228$0$0$3,685,361
82$5,887,672$0$0$3,987,258
83$6,372,823$0$0$4,317,617
84$6,903,826$0$0$4,679,267
85$7,485,241$0$0$5,075,326
86$8,122,093$0$0$5,509,223
87$8,819,914$0$0$5,984,739
88$9,584,799$0$0$6,506,036
89$10,423,457$0$0$7,077,696
90$11,343,281$0$0$7,704,769
91$12,352,410$0$0$8,392,816
92$13,459,812$0$0$9,147,962
93$14,675,363$0$0$9,976,953
94$16,009,945$0$0$10,887,223
95$17,475,541$0$0$11,886,957
96$19,085,354$0$0$12,985,176
97$20,853,929$0$0$14,191,813
98$22,797,287$0$0$15,517,816
99$24,933,079$0$0$16,975,241
100$27,280,752$0$0$18,577,374