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%11.2%
1 years$68,954$68,339$67,740$67,155$66,584$66,248
2 years$34,135$33,500$32,884$32,286$31,707$31,367
3 years$22,531$21,892$21,278$20,686$20,116$19,784
4 years$16,730$16,093$15,485$14,903$14,347$14,025
5 years$13,250$12,617$12,017$11,447$10,906$10,595
6 years$10,931$10,303$9,711$9,154$8,630$8,330
7 years$9,275$8,652$8,070$7,526$7,018$6,730
8 years$8,034$7,417$6,844$6,314$5,822$5,546
9 years$7,069$6,458$5,895$5,378$4,903$4,638
10 years$6,297$5,692$5,139$4,636$4,178$3,924
11 years$5,666$5,067$4,525$4,034$3,593$3,350
12 years$5,141$4,548$4,015$3,539$3,114$2,882
13 years$4,697$4,110$3,588$3,124$2,715$2,494
14 years$4,317$3,736$3,223$2,773$2,380$2,169
15 years$3,987$3,413$2,910$2,473$2,096$1,895
16 years$3,699$3,131$2,639$2,215$1,852$1,661
17 years$3,446$2,884$2,401$1,990$1,642$1,461
18 years$3,220$2,665$2,192$1,793$1,460$1,288
19 years$3,019$2,470$2,007$1,620$1,302$1,139
20 years$2,838$2,295$1,841$1,467$1,163$1,008
21 years$2,674$2,138$1,694$1,332$1,040$895
22 years$2,526$1,995$1,561$1,211$933$795
23 years$2,390$1,866$1,441$1,103$837$707
24 years$2,267$1,749$1,333$1,006$752$630
25 years$2,153$1,641$1,235$919$677$562
26 years$2,048$1,542$1,145$840$610$501
27 years$1,951$1,451$1,063$769$550$448
28 years$1,861$1,368$989$704$496$400
29 years$1,778$1,290$920$646$448$358
30 years$1,700$1,218$857$593$405$320
31 years$1,627$1,152$799$544$366$287
32 years$1,559$1,090$745$500$331$257
33 years$1,495$1,032$696$460$300$230
34 years$1,436$978$650$423$271$206
35 years$1,379$928$608$390$246$185
36 years$1,326$881$569$359$223$166
37 years$1,276$836$532$331$202$149
38 years$1,229$795$498$305$183$134
39 years$1,184$756$467$281$166$120
40 years$1,142$719$438$259$150$108
41 years$1,101$685$410$239$136$97
42 years$1,063$652$385$221$124$87
43 years$1,027$621$361$204$112$78
44 years$992$592$339$188$102$70
45 years$959$565$318$174$93$63
46 years$928$539$299$160$84$57
47 years$898$514$281$148$76$51
48 years$869$491$264$137$69$46
49 years$842$469$248$127$63$41
50 years$815$448$233$117$57$37

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $835,000, adding $5,564 every year, while hoping to spend $39,499 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: 71/17/12 Blend
52$835,000$835,000$835,000$835,000
53$925,909$881,654$868,712$988,926
54$978,325$882,829$855,787$1,032,593
55$1,034,764$882,737$841,105$1,075,027
56$1,095,594$881,275$824,566$1,120,426
57$1,161,220$878,333$806,065$1,169,073
58$1,232,087$873,794$785,490$1,221,283
59$1,308,684$867,533$762,728$1,277,401
60$1,391,547$859,420$737,658$1,337,810
61$1,481,269$849,315$710,152$1,402,932
62$1,578,496$837,070$680,081$1,473,231
63$1,683,945$822,529$647,306$1,549,222
64$1,798,399$805,524$611,682$1,631,471
65$1,922,722$785,882$573,060$1,720,605
66$2,057,865$763,414$531,282$1,817,313
67$2,204,871$737,925$486,184$1,922,357
68$2,364,890$709,206$437,593$2,036,580
69$2,539,188$677,036$385,332$2,160,909
70$2,729,156$641,182$329,211$2,296,368
71$2,936,326$601,396$269,036$2,444,089
72$3,162,385$557,418$204,603$2,605,318
73$3,409,188$508,972$135,697$2,781,433
74$3,678,779$455,765$62,096$2,973,952
75$3,973,406$397,489$0$3,184,552
76$4,295,546$333,819$0$3,417,188
77$4,647,926$264,410$0$3,680,416
78$5,033,546$188,898$0$3,968,561
79$5,455,713$106,899$0$4,284,141
80$5,918,066$18,008$0$4,629,930
81$6,424,615$0$0$5,008,990
82$6,979,773$0$0$5,439,323
83$7,588,402$0$0$5,914,840
84$8,255,857$0$0$6,436,362
85$8,988,036$0$0$7,008,503
86$9,791,435$0$0$7,636,345
87$10,673,209$0$0$8,325,486
88$11,641,240$0$0$9,082,091
89$12,704,210$0$0$9,912,953
90$13,871,683$0$0$10,825,555
91$15,154,195$0$0$11,828,138
92$16,563,353$0$0$12,929,784
93$18,111,943$0$0$14,140,496
94$19,814,052$0$0$15,471,294
95$21,685,199$0$0$16,934,321
96$23,742,481$0$0$18,542,952
97$26,004,735$0$0$20,311,926
98$28,492,717$0$0$22,257,479
99$31,229,290$0$0$24,397,501
100$34,239,649$0$0$26,751,703