Can I retire at age 53 with 833,000?

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 $833,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$68,788$68,176$67,578$66,994$66,425$65,813
2 years$34,054$33,419$32,805$32,209$31,631$31,015
3 years$22,477$21,840$21,227$20,637$20,068$19,466
4 years$16,690$16,055$15,448$14,867$14,313$13,730
5 years$13,218$12,587$11,988$11,420$10,880$10,319
6 years$10,905$10,278$9,688$9,132$8,609$8,069
7 years$9,253$8,632$8,051$7,508$7,002$6,483
8 years$8,015$7,399$6,828$6,298$5,808$5,312
9 years$7,052$6,442$5,881$5,365$4,892$4,417
10 years$6,282$5,678$5,127$4,625$4,168$3,714
11 years$5,653$5,055$4,514$4,025$3,584$3,152
12 years$5,129$4,537$4,006$3,530$3,106$2,694
13 years$4,686$4,100$3,579$3,117$2,709$2,317
14 years$4,306$3,727$3,216$2,767$2,374$2,002
15 years$3,978$3,405$2,903$2,467$2,091$1,737
16 years$3,691$3,124$2,632$2,209$1,848$1,513
17 years$3,437$2,877$2,395$1,985$1,638$1,321
18 years$3,213$2,658$2,187$1,789$1,457$1,157
19 years$3,012$2,464$2,002$1,616$1,298$1,015
20 years$2,831$2,289$1,837$1,464$1,160$892
21 years$2,668$2,133$1,690$1,329$1,038$786
22 years$2,520$1,991$1,557$1,208$930$693
23 years$2,385$1,862$1,438$1,100$835$612
24 years$2,261$1,744$1,330$1,003$751$541
25 years$2,148$1,637$1,232$916$675$479
26 years$2,043$1,539$1,142$838$608$424
27 years$1,946$1,448$1,061$767$549$376
28 years$1,857$1,364$986$703$495$333
29 years$1,773$1,287$918$644$447$296
30 years$1,696$1,216$855$591$404$262
31 years$1,623$1,149$797$543$365$233
32 years$1,555$1,087$744$499$330$207
33 years$1,492$1,030$694$459$299$184
34 years$1,432$976$649$422$271$164
35 years$1,376$926$606$389$245$145
36 years$1,323$879$567$358$222$129
37 years$1,273$834$531$330$201$115
38 years$1,226$793$497$304$182$102
39 years$1,181$754$466$280$165$91
40 years$1,139$717$437$259$150$81
41 years$1,099$683$409$239$136$72
42 years$1,061$650$384$220$124$64
43 years$1,024$620$360$203$112$57
44 years$990$591$338$188$102$51
45 years$957$563$318$173$92$45
46 years$925$537$298$160$84$40
47 years$895$513$280$148$76$36
48 years$867$490$263$137$69$32
49 years$839$467$248$126$63$29
50 years$813$447$233$117$57$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $833,000, adding $6,783 every year, while hoping to spend $24,635 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: 56/39/5 Blend
52$833,000$833,000$833,000$833,000
53$924,963$880,814$867,902$975,466
54$993,097$897,762$870,765$1,027,183
55$1,067,356$914,715$872,899$1,080,119
56$1,148,338$931,648$874,252$1,137,158
57$1,236,701$948,531$874,772$1,198,691
58$1,333,171$965,336$874,404$1,265,151
59$1,438,546$982,029$873,088$1,337,015
60$1,553,706$998,576$870,764$1,414,807
61$1,679,617$1,014,939$867,368$1,499,105
62$1,817,345$1,031,079$862,832$1,590,549
63$1,968,063$1,046,951$857,086$1,689,839
64$2,133,064$1,062,509$850,056$1,797,750
65$2,313,768$1,077,704$841,665$1,915,137
66$2,511,742$1,092,481$831,831$2,042,939
67$2,728,713$1,106,786$820,470$2,182,194
68$2,966,578$1,120,555$807,493$2,334,044
69$3,227,431$1,133,724$792,806$2,499,750
70$3,513,577$1,146,224$776,312$2,680,700
71$3,827,553$1,157,980$757,910$2,878,425
72$4,172,156$1,168,914$737,492$3,094,614
73$4,550,465$1,178,940$714,948$3,331,125
74$4,965,874$1,187,969$690,160$3,590,011
75$5,422,119$1,195,906$663,006$3,873,532
76$5,923,317$1,202,647$633,359$4,184,181
77$6,474,004$1,208,086$601,085$4,524,705
78$7,079,176$1,212,106$566,045$4,898,134
79$7,744,337$1,214,584$528,093$5,307,807
80$8,475,553$1,215,392$487,077$5,757,405
81$9,279,503$1,214,390$442,838$6,250,987
82$10,163,548$1,211,431$395,209$6,793,026
83$11,135,798$1,206,359$344,017$7,388,454
84$12,205,189$1,199,010$289,080$8,042,709
85$13,381,563$1,189,206$230,210$8,761,783
86$14,675,768$1,176,763$167,208$9,552,285
87$16,099,755$1,161,483$99,867$10,421,498
88$17,666,691$1,143,157$27,974$11,377,452
89$19,391,084$1,121,562$0$12,428,998
90$21,288,920$1,096,464$0$13,588,493
91$23,377,814$1,067,615$0$14,865,855
92$25,677,175$1,034,752$0$16,271,459
93$28,208,387$997,594$0$17,818,390
94$30,995,014$955,849$0$19,521,068
95$34,063,023$909,203$0$21,395,389
96$37,441,025$857,327$0$23,458,876
97$41,160,545$799,872$0$25,730,840
98$45,256,323$736,468$0$28,232,569
99$49,766,638$666,725$0$30,987,528
100$54,733,672$590,232$0$34,021,577