Can I retire at age 53 with 834,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14%
1 years$68,871$68,257$67,659$67,075$66,504$65,403
2 years$34,095$33,460$32,844$32,247$31,669$30,562
3 years$22,504$21,866$21,252$20,661$20,092$19,015
4 years$16,710$16,074$15,466$14,885$14,330$13,290
5 years$13,234$12,602$12,002$11,433$10,893$9,894
6 years$10,918$10,291$9,700$9,143$8,619$7,662
7 years$9,264$8,642$8,061$7,517$7,010$6,095
8 years$8,024$7,408$6,836$6,306$5,815$4,942
9 years$7,060$6,450$5,888$5,371$4,897$4,066
10 years$6,290$5,685$5,133$4,630$4,173$3,382
11 years$5,660$5,061$4,519$4,030$3,589$2,838
12 years$5,135$4,543$4,011$3,535$3,110$2,398
13 years$4,691$4,105$3,583$3,120$2,712$2,038
14 years$4,311$3,732$3,220$2,770$2,377$1,740
15 years$3,982$3,409$2,907$2,470$2,093$1,492
16 years$3,695$3,128$2,635$2,212$1,850$1,283
17 years$3,441$2,880$2,398$1,987$1,640$1,106
18 years$3,216$2,662$2,189$1,791$1,458$956
19 years$3,015$2,467$2,004$1,618$1,300$828
20 years$2,835$2,292$1,839$1,466$1,161$719
21 years$2,671$2,135$1,692$1,330$1,039$624
22 years$2,523$1,993$1,559$1,209$931$543
23 years$2,388$1,864$1,440$1,102$836$473
24 years$2,264$1,746$1,331$1,005$751$412
25 years$2,150$1,639$1,233$918$676$360
26 years$2,045$1,540$1,144$839$609$314
27 years$1,949$1,450$1,062$768$549$274
28 years$1,859$1,366$987$704$496$240
29 years$1,775$1,289$919$645$447$210
30 years$1,698$1,217$856$592$404$183
31 years$1,625$1,151$798$544$366$160
32 years$1,557$1,089$744$500$331$140
33 years$1,494$1,031$695$460$299$123
34 years$1,434$977$649$423$271$108
35 years$1,378$927$607$389$245$94
36 years$1,325$880$568$358$222$83
37 years$1,275$835$532$330$202$72
38 years$1,227$794$498$304$183$63
39 years$1,183$755$466$281$166$56
40 years$1,140$718$437$259$150$49
41 years$1,100$684$410$239$136$43
42 years$1,062$651$385$220$124$37
43 years$1,025$620$361$204$112$33
44 years$991$591$339$188$102$29
45 years$958$564$318$174$93$25
46 years$927$538$299$160$84$22
47 years$897$513$281$148$76$19
48 years$868$490$264$137$69$17
49 years$840$468$248$126$63$15
50 years$814$447$233$117$57$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $834,000, adding $5,750 every year, while hoping to spend $27,469 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: 41/38/21 Blend
52$834,000$834,000$834,000$834,000
53$924,999$880,797$867,870$956,994
54$990,122$894,729$867,717$994,311
55$1,060,967$908,424$866,638$1,031,607
56$1,138,089$921,839$864,573$1,071,416
57$1,222,097$934,933$861,460$1,113,982
58$1,313,664$947,657$857,232$1,159,577
59$1,413,529$959,963$851,820$1,208,499
60$1,522,504$971,797$845,151$1,261,078
61$1,641,486$983,102$837,151$1,317,682
62$1,771,461$993,817$827,738$1,378,712
63$1,913,512$1,003,877$816,830$1,444,616
64$2,068,837$1,013,212$804,340$1,515,887
65$2,238,748$1,021,750$790,175$1,593,071
66$2,424,696$1,029,412$774,242$1,676,769
67$2,628,275$1,036,112$756,439$1,767,647
68$2,851,241$1,041,764$736,661$1,866,441
69$3,095,528$1,046,271$714,800$1,973,963
70$3,363,267$1,049,533$690,741$2,091,110
71$3,656,802$1,051,443$664,363$2,218,874
72$3,978,719$1,051,886$635,542$2,358,349
73$4,331,862$1,050,742$604,146$2,510,745
74$4,719,366$1,047,883$570,040$2,677,397
75$5,144,684$1,043,172$533,078$2,859,779
76$5,611,618$1,036,463$493,113$3,059,521
77$6,124,358$1,027,605$449,987$3,278,419
78$6,687,519$1,016,434$403,538$3,518,459
79$7,306,184$1,002,778$353,595$3,781,832
80$7,985,954$986,453$299,979$4,070,957
81$8,732,999$967,266$242,506$4,388,504
82$9,554,115$945,013$180,980$4,737,420
83$10,456,791$919,474$115,199$5,120,958
84$11,449,277$890,422$44,951$5,542,708
85$12,540,662$857,611$0$6,006,633
86$13,740,960$820,785$0$6,523,829
87$15,061,205$779,671$0$7,103,582
88$16,513,553$733,980$0$7,741,185
89$18,111,398$683,407$0$8,442,569
90$19,869,497$627,631$0$9,214,272
91$21,804,111$566,309$0$10,063,505
92$23,933,154$499,083$0$10,998,218
93$26,276,369$425,571$0$12,027,178
94$28,855,505$345,370$0$13,160,052
95$31,694,530$258,057$0$14,407,500
96$34,819,852$163,182$0$15,781,273
97$38,260,570$60,271$0$17,294,329
98$42,048,748$0$0$18,960,956
99$46,219,717$0$0$20,818,305
100$50,812,407$0$0$22,891,336