Can I retire at age 53 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$68,954$68,339$67,740$67,155$66,584$65,616
2 years$34,135$33,500$32,884$32,286$31,707$30,734
3 years$22,531$21,892$21,278$20,686$20,116$19,168
4 years$16,730$16,093$15,485$14,903$14,347$13,431
5 years$13,250$12,617$12,017$11,447$10,906$10,026
6 years$10,931$10,303$9,711$9,154$8,630$7,785
7 years$9,275$8,652$8,070$7,526$7,018$6,210
8 years$8,034$7,417$6,844$6,314$5,822$5,050
9 years$7,069$6,458$5,895$5,378$4,903$4,167
10 years$6,297$5,692$5,139$4,636$4,178$3,477
11 years$5,666$5,067$4,525$4,034$3,593$2,927
12 years$5,141$4,548$4,015$3,539$3,114$2,481
13 years$4,697$4,110$3,588$3,124$2,715$2,115
14 years$4,317$3,736$3,223$2,773$2,380$1,812
15 years$3,987$3,413$2,910$2,473$2,096$1,559
16 years$3,699$3,131$2,639$2,215$1,852$1,345
17 years$3,446$2,884$2,401$1,990$1,642$1,164
18 years$3,220$2,665$2,192$1,793$1,460$1,010
19 years$3,019$2,470$2,007$1,620$1,302$878
20 years$2,838$2,295$1,841$1,467$1,163$765
21 years$2,674$2,138$1,694$1,332$1,040$667
22 years$2,526$1,995$1,561$1,211$933$582
23 years$2,390$1,866$1,441$1,103$837$509
24 years$2,267$1,749$1,333$1,006$752$445
25 years$2,153$1,641$1,235$919$677$390
26 years$2,048$1,542$1,145$840$610$342
27 years$1,951$1,451$1,063$769$550$300
28 years$1,861$1,368$989$704$496$263
29 years$1,778$1,290$920$646$448$231
30 years$1,700$1,218$857$593$405$203
31 years$1,627$1,152$799$544$366$178
32 years$1,559$1,090$745$500$331$157
33 years$1,495$1,032$696$460$300$138
34 years$1,436$978$650$423$271$121
35 years$1,379$928$608$390$246$107
36 years$1,326$881$569$359$223$94
37 years$1,276$836$532$331$202$83
38 years$1,229$795$498$305$183$73
39 years$1,184$756$467$281$166$64
40 years$1,142$719$438$259$150$56
41 years$1,101$685$410$239$136$50
42 years$1,063$652$385$221$124$44
43 years$1,027$621$361$204$112$38
44 years$992$592$339$188$102$34
45 years$959$565$318$174$93$30
46 years$928$539$299$160$84$26
47 years$898$514$281$148$76$23
48 years$869$491$264$137$69$20
49 years$842$469$248$127$63$18
50 years$815$448$233$117$57$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $835,000, adding $6,914 every year, while hoping to spend $28,842 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: 70/16/14 Blend
52$835,000$835,000$835,000$835,000
53$927,302$883,047$870,104$988,828
54$991,199$895,628$868,565$1,043,181
55$1,060,647$907,860$866,008$1,098,518
56$1,136,181$919,694$862,368$1,158,328
57$1,218,392$931,079$857,577$1,223,049
58$1,307,927$941,961$851,565$1,293,162
59$1,405,500$952,281$844,257$1,369,197
60$1,511,897$961,979$835,576$1,451,738
61$1,627,983$970,988$825,439$1,541,429
62$1,754,707$979,237$813,762$1,638,980
63$1,893,119$986,651$800,455$1,745,174
64$2,044,371$993,151$785,424$1,860,873
65$2,209,733$998,651$768,571$1,987,029
66$2,390,601$1,003,061$749,794$2,124,688
67$2,588,516$1,006,284$728,985$2,275,008
68$2,805,172$1,008,219$706,033$2,439,261
69$3,042,434$1,008,756$680,820$2,618,852
70$3,302,357$1,007,780$653,223$2,815,329
71$3,587,205$1,005,169$623,113$3,030,399
72$3,899,469$1,000,792$590,357$3,265,944
73$4,241,896$994,511$554,814$3,524,036
74$4,617,507$986,180$516,338$3,806,964
75$5,029,633$975,643$474,776$4,117,246
76$5,481,942$962,736$429,967$4,457,663
77$5,978,474$947,284$381,745$4,831,278
78$6,523,679$929,102$329,935$5,241,466
79$7,122,460$907,994$274,354$5,691,953
80$7,780,219$883,753$214,812$6,186,840
81$8,502,903$856,159$151,110$6,730,652
82$9,297,068$824,979$83,041$7,328,376
83$10,169,934$789,969$10,388$7,985,510
84$11,129,457$750,866$0$8,708,114
85$12,184,399$707,397$0$9,512,898
86$13,344,418$659,269$0$10,399,505
87$14,620,150$606,175$0$11,374,535
88$16,023,317$547,789$0$12,446,976
89$17,566,833$483,768$0$13,626,729
90$19,264,924$413,747$0$14,924,711
91$21,133,269$337,343$0$16,352,949
92$23,189,140$254,150$0$17,924,700
93$25,451,568$163,740$0$19,654,571
94$27,941,523$65,659$0$21,558,664
95$30,682,112$0$0$23,654,722
96$33,698,793$0$0$25,969,442
97$37,019,620$0$0$28,530,314
98$40,675,503$0$0$31,349,624
99$44,700,502$0$0$34,453,643
100$49,132,148$0$0$37,871,322