Can I retire at age 53 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$68,871$68,257$67,659$67,075$66,504$65,920
2 years$34,095$33,460$32,844$32,247$31,669$31,079
3 years$22,504$21,866$21,252$20,661$20,092$19,516
4 years$16,710$16,074$15,466$14,885$14,330$13,772
5 years$13,234$12,602$12,002$11,433$10,893$10,356
6 years$10,918$10,291$9,700$9,143$8,619$8,103
7 years$9,264$8,642$8,061$7,517$7,010$6,514
8 years$8,024$7,408$6,836$6,306$5,815$5,340
9 years$7,060$6,450$5,888$5,371$4,897$4,443
10 years$6,290$5,685$5,133$4,630$4,173$3,738
11 years$5,660$5,061$4,519$4,030$3,589$3,174
12 years$5,135$4,543$4,011$3,535$3,110$2,715
13 years$4,691$4,105$3,583$3,120$2,712$2,336
14 years$4,311$3,732$3,220$2,770$2,377$2,020
15 years$3,982$3,409$2,907$2,470$2,093$1,754
16 years$3,695$3,128$2,635$2,212$1,850$1,528
17 years$3,441$2,880$2,398$1,987$1,640$1,336
18 years$3,216$2,662$2,189$1,791$1,458$1,170
19 years$3,015$2,467$2,004$1,618$1,300$1,028
20 years$2,835$2,292$1,839$1,466$1,161$904
21 years$2,671$2,135$1,692$1,330$1,039$797
22 years$2,523$1,993$1,559$1,209$931$703
23 years$2,388$1,864$1,440$1,102$836$622
24 years$2,264$1,746$1,331$1,005$751$550
25 years$2,150$1,639$1,233$918$676$487
26 years$2,045$1,540$1,144$839$609$431
27 years$1,949$1,450$1,062$768$549$383
28 years$1,859$1,366$987$704$496$340
29 years$1,775$1,289$919$645$447$302
30 years$1,698$1,217$856$592$404$268
31 years$1,625$1,151$798$544$366$238
32 years$1,557$1,089$744$500$331$212
33 years$1,494$1,031$695$460$299$188
34 years$1,434$977$649$423$271$168
35 years$1,378$927$607$389$245$149
36 years$1,325$880$568$358$222$133
37 years$1,275$835$532$330$202$118
38 years$1,227$794$498$304$183$105
39 years$1,183$755$466$281$166$94
40 years$1,140$718$437$259$150$84
41 years$1,100$684$410$239$136$74
42 years$1,062$651$385$220$124$66
43 years$1,025$620$361$204$112$59
44 years$991$591$339$188$102$53
45 years$958$564$318$174$93$47
46 years$927$538$299$160$84$42
47 years$897$513$281$148$76$37
48 years$868$490$264$137$69$33
49 years$840$468$248$126$63$30
50 years$814$447$233$117$57$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $834,000, adding $3,771 every year, while hoping to spend $48,439 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: 74/20/6 Blend
52$834,000$834,000$834,000$834,000
53$922,958$878,756$865,829$990,367
54$965,561$870,276$843,295$1,026,771
55$1,010,886$859,757$818,384$1,060,123
56$1,059,159$847,049$790,963$1,095,268
57$1,110,629$831,990$760,896$1,132,368
58$1,165,568$814,412$728,040$1,171,599
59$1,224,272$794,134$692,245$1,213,158
60$1,287,068$770,967$653,356$1,257,260
61$1,354,314$744,709$611,208$1,304,146
62$1,426,401$715,148$565,631$1,354,080
63$1,503,761$682,057$516,447$1,407,355
64$1,586,866$645,199$463,469$1,464,295
65$1,676,234$604,321$406,502$1,525,257
66$1,772,433$559,156$345,344$1,590,637
67$1,876,089$509,423$279,781$1,660,872
68$1,987,889$454,823$209,592$1,736,447
69$2,108,586$395,042$134,546$1,817,896
70$2,239,009$329,746$54,400$1,905,810
71$2,380,069$258,584$0$2,000,843
72$2,532,766$181,185$0$2,105,709
73$2,698,201$97,156$0$2,223,061
74$2,877,583$6,083$0$2,350,310
75$3,072,244$0$0$2,488,452
76$3,283,647$0$0$2,658,934
77$3,513,401$0$0$2,845,700
78$3,763,276$0$0$3,048,858
79$4,035,221$0$0$3,269,993
80$4,331,380$0$0$3,510,854
81$4,654,111$0$0$3,773,363
82$5,006,009$0$0$4,059,637
83$5,389,932$0$0$4,372,005
84$5,809,025$0$0$4,713,031
85$6,266,749$0$0$5,085,535
86$6,766,914$0$0$5,492,627
87$7,313,716$0$0$5,937,725
88$7,911,775$0$0$6,424,596
89$8,566,175$0$0$6,957,387
90$9,282,517$0$0$7,540,662
91$10,066,968$0$0$8,179,451
92$10,926,318$0$0$8,879,290
93$11,868,046$0$0$9,646,277
94$12,900,389$0$0$10,487,128
95$14,032,417$0$0$11,409,239
96$15,274,123$0$0$12,420,756
97$16,636,509$0$0$13,530,653
98$18,131,699$0$0$14,748,814
99$19,773,043$0$0$16,086,125
100$21,575,250$0$0$17,554,579