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%16.6%
1 years$68,954$68,339$67,740$67,155$66,584$64,790
2 years$34,135$33,500$32,884$32,286$31,707$29,913
3 years$22,531$21,892$21,278$20,686$20,116$18,377
4 years$16,730$16,093$15,485$14,903$14,347$12,677
5 years$13,250$12,617$12,017$11,447$10,906$9,310
6 years$10,931$10,303$9,711$9,154$8,630$7,109
7 years$9,275$8,652$8,070$7,526$7,018$5,572
8 years$8,034$7,417$6,844$6,314$5,822$4,451
9 years$7,069$6,458$5,895$5,378$4,903$3,605
10 years$6,297$5,692$5,139$4,636$4,178$2,951
11 years$5,666$5,067$4,525$4,034$3,593$2,435
12 years$5,141$4,548$4,015$3,539$3,114$2,024
13 years$4,697$4,110$3,588$3,124$2,715$1,690
14 years$4,317$3,736$3,223$2,773$2,380$1,418
15 years$3,987$3,413$2,910$2,473$2,096$1,194
16 years$3,699$3,131$2,639$2,215$1,852$1,008
17 years$3,446$2,884$2,401$1,990$1,642$853
18 years$3,220$2,665$2,192$1,793$1,460$723
19 years$3,019$2,470$2,007$1,620$1,302$614
20 years$2,838$2,295$1,841$1,467$1,163$523
21 years$2,674$2,138$1,694$1,332$1,040$445
22 years$2,526$1,995$1,561$1,211$933$380
23 years$2,390$1,866$1,441$1,103$837$324
24 years$2,267$1,749$1,333$1,006$752$277
25 years$2,153$1,641$1,235$919$677$236
26 years$2,048$1,542$1,145$840$610$202
27 years$1,951$1,451$1,063$769$550$173
28 years$1,861$1,368$989$704$496$148
29 years$1,778$1,290$920$646$448$127
30 years$1,700$1,218$857$593$405$108
31 years$1,627$1,152$799$544$366$93
32 years$1,559$1,090$745$500$331$80
33 years$1,495$1,032$696$460$300$68
34 years$1,436$978$650$423$271$58
35 years$1,379$928$608$390$246$50
36 years$1,326$881$569$359$223$43
37 years$1,276$836$532$331$202$37
38 years$1,229$795$498$305$183$32
39 years$1,184$756$467$281$166$27
40 years$1,142$719$438$259$150$23
41 years$1,101$685$410$239$136$20
42 years$1,063$652$385$221$124$17
43 years$1,027$621$361$204$112$15
44 years$992$592$339$188$102$13
45 years$959$565$318$174$93$11
46 years$928$539$299$160$84$9
47 years$898$514$281$148$76$8
48 years$869$491$264$137$69$7
49 years$842$469$248$127$63$6
50 years$815$448$233$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $835,000, adding $5,218 every year, while hoping to spend $53,320 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: 43/42/15 Blend
52$835,000$835,000$835,000$835,000
53$925,552$881,297$868,355$961,107
54$963,227$867,749$840,713$973,020
55$1,002,957$851,749$810,357$980,215
56$1,044,896$833,123$777,142$986,861
57$1,089,211$811,682$740,912$992,929
58$1,136,086$787,229$701,508$998,395
59$1,185,718$759,555$658,760$1,003,235
60$1,238,326$728,438$612,493$1,007,427
61$1,294,148$693,644$562,524$1,010,952
62$1,353,443$654,924$508,661$1,013,795
63$1,416,495$612,017$450,702$1,015,943
64$1,483,617$564,645$388,440$1,017,390
65$1,555,148$512,515$321,655$1,018,134
66$1,631,462$455,317$250,119$1,018,181
67$1,712,967$392,724$173,594$1,017,542
68$1,800,111$324,388$91,831$1,016,240
69$1,893,386$249,946$4,570$1,014,305
70$1,993,328$169,011$0$1,011,781
71$2,100,529$81,174$0$1,022,897
72$2,215,637$0$0$1,035,253
73$2,339,363$0$0$1,054,723
74$2,472,488$0$0$1,116,110
75$2,615,868$0$0$1,182,304
76$2,770,446$0$0$1,253,749
77$2,937,255$0$0$1,330,933
78$3,117,431$0$0$1,414,392
79$3,312,223$0$0$1,504,717
80$3,523,004$0$0$1,602,557
81$3,751,283$0$0$1,708,622
82$3,998,716$0$0$1,823,699
83$4,267,130$0$0$1,948,649
84$4,558,528$0$0$2,084,420
85$4,875,118$0$0$2,232,055
86$5,219,327$0$0$2,392,702
87$5,593,823$0$0$2,567,625
88$6,001,545$0$0$2,758,211
89$6,445,725$0$0$2,965,991
90$6,929,920$0$0$3,192,648
91$7,458,045$0$0$3,440,034
92$8,034,408$0$0$3,710,187
93$8,663,754$0$0$4,005,353
94$9,351,302$0$0$4,328,003
95$10,102,802$0$0$4,680,858
96$10,924,581$0$0$5,066,913
97$11,823,607$0$0$5,489,467
98$12,807,553$0$0$5,952,151
99$13,884,866$0$0$6,458,967
100$15,064,850$0$0$7,014,317