Can I retire at age 53 with 836,000?

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 $836,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$69,036$68,421$67,821$67,236$66,664$64,120
2 years$34,176$33,540$32,923$32,325$31,745$29,212
3 years$22,558$21,919$21,303$20,711$20,140$17,698
4 years$16,750$16,113$15,503$14,921$14,364$12,031
5 years$13,266$12,632$12,031$11,461$10,919$8,702
6 years$10,944$10,315$9,723$9,165$8,640$6,539
7 years$9,286$8,663$8,080$7,535$7,027$5,042
8 years$8,043$7,426$6,852$6,321$5,829$3,959
9 years$7,077$6,465$5,902$5,384$4,909$3,150
10 years$6,305$5,699$5,145$4,641$4,183$2,532
11 years$5,673$5,073$4,530$4,039$3,597$2,051
12 years$5,147$4,554$4,020$3,543$3,117$1,671
13 years$4,703$4,115$3,592$3,128$2,718$1,369
14 years$4,322$3,741$3,227$2,777$2,383$1,125
15 years$3,992$3,417$2,914$2,476$2,098$928
16 years$3,704$3,135$2,642$2,217$1,854$767
17 years$3,450$2,887$2,404$1,992$1,644$636
18 years$3,224$2,668$2,194$1,795$1,462$528
19 years$3,023$2,473$2,009$1,622$1,303$439
20 years$2,841$2,298$1,844$1,469$1,164$365
21 years$2,678$2,140$1,696$1,333$1,042$304
22 years$2,529$1,998$1,563$1,212$934$253
23 years$2,393$1,869$1,443$1,104$838$211
24 years$2,269$1,751$1,335$1,007$753$176
25 years$2,155$1,643$1,236$920$678$147
26 years$2,050$1,544$1,146$841$611$123
27 years$1,953$1,453$1,065$770$550$103
28 years$1,863$1,369$990$705$497$86
29 years$1,780$1,292$921$647$449$72
30 years$1,702$1,220$858$594$405$60
31 years$1,629$1,153$800$545$366$50
32 years$1,561$1,091$746$501$331$42
33 years$1,497$1,033$697$461$300$35
34 years$1,437$979$651$424$272$29
35 years$1,381$929$609$390$246$25
36 years$1,328$882$569$359$223$21
37 years$1,278$837$533$331$202$17
38 years$1,230$796$499$305$183$14
39 years$1,185$757$468$281$166$12
40 years$1,143$720$438$260$151$10
41 years$1,103$685$411$239$137$8
42 years$1,064$653$385$221$124$7
43 years$1,028$622$362$204$113$6
44 years$993$593$340$188$102$5
45 years$960$565$319$174$93$4
46 years$929$539$299$161$84$3
47 years$899$515$281$148$76$3
48 years$870$491$264$137$69$2
49 years$843$469$248$127$63$2
50 years$816$448$234$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $836,000, adding $2,757 every year, while hoping to spend $35,625 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: 58/13/29 Blend
52$836,000$836,000$836,000$836,000
53$924,116$879,808$866,850$970,231
54$980,471$885,014$857,985$1,007,370
55$1,041,380$889,281$847,628$1,043,869
56$1,107,271$892,525$835,694$1,082,941
57$1,178,612$894,658$822,089$1,124,848
58$1,255,919$895,585$806,717$1,169,878
59$1,339,760$895,206$789,480$1,218,349
60$1,430,758$893,414$770,270$1,270,615
61$1,529,600$890,096$748,979$1,327,065
62$1,637,040$885,132$725,491$1,388,132
63$1,753,909$878,394$699,685$1,454,292
64$1,881,121$869,748$671,437$1,526,074
65$2,019,679$859,050$640,615$1,604,060
66$2,170,691$846,148$607,080$1,688,898
67$2,335,374$830,882$570,690$1,781,298
68$2,515,068$813,081$531,294$1,882,050
69$2,711,248$792,564$488,735$1,992,026
70$2,925,536$769,141$442,848$2,112,186
71$3,159,721$742,609$393,464$2,243,596
72$3,415,769$712,754$340,402$2,387,429
73$3,695,848$679,349$283,476$2,544,985
74$4,002,343$642,155$222,490$2,717,695
75$4,337,880$600,919$157,242$2,907,145
76$4,705,351$555,372$87,517$3,115,081
77$5,107,942$505,230$13,094$3,343,436
78$5,549,161$450,195$0$3,594,340
79$6,032,871$389,950$0$3,890,672
80$6,563,327$324,161$0$4,220,165
81$7,145,215$252,473$0$4,581,708
82$7,783,697$174,514$0$4,978,550
83$8,484,458$89,890$0$5,414,270
84$9,253,763$0$0$5,892,813
85$10,098,508$0$0$6,418,790
86$11,026,296$0$0$7,010,667
87$12,045,496$0$0$7,660,937
88$13,165,332$0$0$8,375,492
89$14,395,964$0$0$9,160,826
90$15,748,585$0$0$10,024,092
91$17,235,527$0$0$10,973,170
92$18,870,375$0$0$12,016,742
93$20,668,098$0$0$13,164,375
94$22,645,186$0$0$14,426,606
95$24,819,809$0$0$15,815,048
96$27,211,985$0$0$17,342,495
97$29,843,770$0$0$19,023,042
98$32,739,467$0$0$20,872,221
99$35,925,851$0$0$22,907,144
100$39,432,426$0$0$25,146,667