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%17.4%
1 years$68,706$68,094$67,497$66,914$66,345$64,350
2 years$34,013$33,379$32,765$32,170$31,593$29,600
3 years$22,450$21,814$21,201$20,612$20,044$18,115
4 years$16,670$16,035$15,429$14,850$14,295$12,446
5 years$13,202$12,572$11,974$11,406$10,867$9,102
6 years$10,892$10,266$9,677$9,121$8,599$6,919
7 years$9,242$8,621$8,041$7,499$6,993$5,399
8 years$8,005$7,390$6,820$6,291$5,801$4,292
9 years$7,043$6,434$5,874$5,358$4,886$3,460
10 years$6,275$5,672$5,121$4,619$4,163$2,818
11 years$5,646$5,049$4,508$4,020$3,580$2,314
12 years$5,123$4,532$4,001$3,526$3,103$1,912
13 years$4,680$4,095$3,575$3,113$2,705$1,589
14 years$4,301$3,723$3,212$2,763$2,372$1,325
15 years$3,973$3,401$2,900$2,464$2,088$1,109
16 years$3,686$3,120$2,629$2,207$1,845$931
17 years$3,433$2,873$2,392$1,983$1,636$784
18 years$3,209$2,655$2,184$1,787$1,455$661
19 years$3,008$2,461$1,999$1,614$1,297$558
20 years$2,828$2,287$1,835$1,462$1,158$472
21 years$2,665$2,130$1,688$1,327$1,037$399
22 years$2,517$1,988$1,555$1,207$929$338
23 years$2,382$1,860$1,436$1,099$834$287
24 years$2,258$1,742$1,328$1,002$750$243
25 years$2,145$1,635$1,230$915$675$207
26 years$2,041$1,537$1,141$837$608$176
27 years$1,944$1,446$1,060$766$548$149
28 years$1,854$1,363$985$702$494$127
29 years$1,771$1,286$917$644$446$108
30 years$1,694$1,214$854$591$403$92
31 years$1,621$1,148$796$542$365$78
32 years$1,553$1,086$743$499$330$66
33 years$1,490$1,028$693$458$299$57
34 years$1,430$975$648$422$270$48
35 years$1,374$925$606$388$245$41
36 years$1,321$878$567$358$222$35
37 years$1,272$833$530$330$201$30
38 years$1,224$792$497$304$182$25
39 years$1,180$753$465$280$165$22
40 years$1,137$717$436$258$150$18
41 years$1,097$682$409$238$136$16
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$10
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 $4,639 every year, while hoping to spend $44,517 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: 58/12/30 Blend
52$832,000$832,000$832,000$832,000
53$921,649$877,553$864,657$967,275
54$968,292$873,187$846,257$994,749
55$1,018,200$867,116$825,749$1,019,637
56$1,071,659$859,208$803,015$1,045,878
57$1,128,984$849,325$777,932$1,073,616
58$1,190,519$837,320$750,371$1,103,013
59$1,256,641$823,038$720,197$1,134,249
60$1,327,765$806,313$687,271$1,167,525
61$1,404,347$786,972$651,444$1,203,066
62$1,486,886$764,830$612,563$1,241,118
63$1,575,932$739,690$570,468$1,281,960
64$1,672,088$711,346$524,990$1,325,899
65$1,776,018$679,579$475,954$1,373,277
66$1,888,450$644,156$423,176$1,424,474
67$2,010,185$604,834$366,466$1,479,912
68$2,142,104$561,351$305,623$1,540,059
69$2,285,176$513,434$240,438$1,605,436
70$2,440,466$460,794$170,695$1,676,618
71$2,609,144$403,123$96,163$1,754,247
72$2,792,499$340,099$16,608$1,839,030
73$2,991,950$271,379$0$1,931,755
74$3,209,054$196,603$0$2,055,153
75$3,445,529$115,388$0$2,195,424
76$3,703,263$27,331$0$2,348,400
77$3,984,333$0$0$2,515,356
78$4,291,028$0$0$2,706,675
79$4,625,865$0$0$2,919,556
80$4,991,616$0$0$3,152,161
81$5,391,331$0$0$3,406,437
82$5,828,371$0$0$3,684,531
83$6,306,433$0$0$3,988,806
84$6,829,589$0$0$4,321,864
85$7,402,325$0$0$4,686,568
86$8,029,577$0$0$5,086,075
87$8,716,784$0$0$5,523,857
88$9,469,933$0$0$6,003,742
89$10,295,622$0$0$6,529,944
90$11,201,112$0$0$7,107,103
91$12,194,406$0$0$7,740,332
92$13,284,316$0$0$8,435,263
93$14,480,547$0$0$9,198,096
94$15,793,793$0$0$10,035,666
95$17,235,832$0$0$10,955,498
96$18,819,637$0$0$11,965,883
97$20,559,501$0$0$13,075,954
98$22,471,170$0$0$14,295,773
99$24,571,989$0$0$15,636,425
100$26,881,067$0$0$17,110,122