Can I retire at age 53 with 835,000?

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 $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%15.3%
1 years$68,954$68,339$67,740$67,155$66,584$65,133
2 years$34,135$33,500$32,884$32,286$31,707$30,252
3 years$22,531$21,892$21,278$20,686$20,116$18,703
4 years$16,730$16,093$15,485$14,903$14,347$12,987
5 years$13,250$12,617$12,017$11,447$10,906$9,603
6 years$10,931$10,303$9,711$9,154$8,630$7,384
7 years$9,275$8,652$8,070$7,526$7,018$5,831
8 years$8,034$7,417$6,844$6,314$5,822$4,693
9 years$7,069$6,458$5,895$5,378$4,903$3,831
10 years$6,297$5,692$5,139$4,636$4,178$3,161
11 years$5,666$5,067$4,525$4,034$3,593$2,631
12 years$5,141$4,548$4,015$3,539$3,114$2,205
13 years$4,697$4,110$3,588$3,124$2,715$1,858
14 years$4,317$3,736$3,223$2,773$2,380$1,572
15 years$3,987$3,413$2,910$2,473$2,096$1,336
16 years$3,699$3,131$2,639$2,215$1,852$1,138
17 years$3,446$2,884$2,401$1,990$1,642$972
18 years$3,220$2,665$2,192$1,793$1,460$833
19 years$3,019$2,470$2,007$1,620$1,302$714
20 years$2,838$2,295$1,841$1,467$1,163$614
21 years$2,674$2,138$1,694$1,332$1,040$528
22 years$2,526$1,995$1,561$1,211$933$455
23 years$2,390$1,866$1,441$1,103$837$392
24 years$2,267$1,749$1,333$1,006$752$338
25 years$2,153$1,641$1,235$919$677$292
26 years$2,048$1,542$1,145$840$610$252
27 years$1,951$1,451$1,063$769$550$218
28 years$1,861$1,368$989$704$496$189
29 years$1,778$1,290$920$646$448$163
30 years$1,700$1,218$857$593$405$141
31 years$1,627$1,152$799$544$366$122
32 years$1,559$1,090$745$500$331$106
33 years$1,495$1,032$696$460$300$92
34 years$1,436$978$650$423$271$79
35 years$1,379$928$608$390$246$69
36 years$1,326$881$569$359$223$60
37 years$1,276$836$532$331$202$52
38 years$1,229$795$498$305$183$45
39 years$1,184$756$467$281$166$39
40 years$1,142$719$438$259$150$34
41 years$1,101$685$410$239$136$29
42 years$1,063$652$385$221$124$25
43 years$1,027$621$361$204$112$22
44 years$992$592$339$188$102$19
45 years$959$565$318$174$93$16
46 years$928$539$299$160$84$14
47 years$898$514$281$148$76$12
48 years$869$491$264$137$69$11
49 years$842$469$248$127$63$9
50 years$815$448$233$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $835,000, adding $5,901 every year, while hoping to spend $36,562 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: 59/19/22 Blend
52$835,000$835,000$835,000$835,000
53$926,257$882,002$869,059$975,156
54$981,833$886,318$859,271$1,013,383
55$1,041,853$889,621$847,930$1,050,580
56$1,106,731$891,821$834,944$1,090,346
57$1,176,923$892,825$820,220$1,132,936
58$1,252,929$892,534$803,658$1,178,633
59$1,335,301$890,841$785,153$1,227,751
60$1,424,644$887,634$764,598$1,280,637
61$1,521,623$882,794$741,878$1,337,674
62$1,626,972$876,195$716,874$1,399,287
63$1,741,497$867,701$689,462$1,465,943
64$1,866,082$857,172$659,512$1,538,163
65$2,001,705$844,455$626,888$1,616,518
66$2,149,437$829,392$591,447$1,701,642
67$2,310,460$811,813$553,041$1,794,237
68$2,486,073$791,538$511,514$1,895,075
69$2,677,708$768,378$466,705$2,005,013
70$2,886,938$742,132$418,443$2,124,996
71$3,115,496$712,588$366,552$2,256,068
72$3,365,292$679,519$310,846$2,399,383
73$3,638,425$642,689$251,133$2,556,215
74$3,937,208$601,845$187,210$2,727,973
75$4,264,189$556,721$118,867$2,916,212
76$4,622,172$507,036$45,885$3,122,649
77$5,014,244$452,492$0$3,349,181
78$5,443,807$392,774$0$3,605,413
79$5,914,606$327,550$0$3,898,129
80$6,430,766$256,470$0$4,219,158
81$6,996,829$179,162$0$4,571,380
82$7,617,800$95,236$0$4,957,969
83$8,299,189$4,276$0$5,382,427
84$9,047,068$0$0$5,848,611
85$9,868,124$0$0$6,380,464
86$10,769,722$0$0$6,965,544
87$11,759,978$0$0$7,608,232
88$12,847,829$0$0$8,314,338
89$14,043,124$0$0$9,090,265
90$15,356,710$0$0$9,943,063
91$16,800,540$0$0$10,880,503
92$18,387,780$0$0$11,911,144
93$20,132,936$0$0$13,044,417
94$22,051,991$0$0$14,290,711
95$24,162,553$0$0$15,661,474
96$26,484,021$0$0$17,169,317
97$29,037,771$0$0$18,828,137
98$31,847,353$0$0$20,653,245
99$34,938,717$0$0$22,661,510
100$38,340,452$0$0$24,871,519