Can I retire at age 53 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$69,119$68,503$67,902$67,316$66,744$65,450
2 years$34,217$33,580$32,962$32,363$31,783$30,484
3 years$22,585$21,945$21,329$20,736$20,164$18,902
4 years$16,770$16,132$15,522$14,939$14,381$13,165
5 years$13,282$12,648$12,046$11,474$10,932$9,765
6 years$10,957$10,328$9,735$9,176$8,650$7,534
7 years$9,297$8,673$8,090$7,544$7,035$5,969
8 years$8,053$7,434$6,861$6,329$5,836$4,821
9 years$7,086$6,473$5,909$5,391$4,915$3,949
10 years$6,312$5,706$5,152$4,647$4,188$3,271
11 years$5,680$5,079$4,535$4,044$3,602$2,733
12 years$5,153$4,559$4,025$3,547$3,121$2,299
13 years$4,708$4,120$3,596$3,132$2,722$1,945
14 years$4,327$3,745$3,231$2,780$2,386$1,653
15 years$3,997$3,421$2,917$2,479$2,101$1,410
16 years$3,708$3,139$2,645$2,220$1,857$1,206
17 years$3,454$2,891$2,407$1,995$1,646$1,035
18 years$3,228$2,671$2,197$1,797$1,464$890
19 years$3,026$2,476$2,011$1,624$1,305$767
20 years$2,845$2,300$1,846$1,471$1,165$662
21 years$2,681$2,143$1,698$1,335$1,043$572
22 years$2,532$2,000$1,565$1,214$935$495
23 years$2,396$1,871$1,445$1,105$839$429
24 years$2,272$1,753$1,336$1,008$754$372
25 years$2,158$1,645$1,238$921$679$322
26 years$2,053$1,546$1,148$842$611$280
27 years$1,956$1,455$1,066$771$551$243
28 years$1,865$1,371$991$706$497$211
29 years$1,782$1,293$922$647$449$184
30 years$1,704$1,221$859$594$406$160
31 years$1,631$1,155$801$546$367$139
32 years$1,563$1,093$747$502$332$121
33 years$1,499$1,035$698$461$300$105
34 years$1,439$981$652$424$272$92
35 years$1,383$930$609$391$246$80
36 years$1,329$883$570$360$223$70
37 years$1,279$838$534$331$202$61
38 years$1,232$797$500$306$183$53
39 years$1,187$758$468$282$166$46
40 years$1,144$721$439$260$151$40
41 years$1,104$686$411$240$137$35
42 years$1,066$654$386$221$124$30
43 years$1,029$623$362$204$113$26
44 years$994$594$340$189$102$23
45 years$961$566$319$174$93$20
46 years$930$540$300$161$84$18
47 years$900$515$282$149$77$15
48 years$871$492$265$137$70$13
49 years$844$470$249$127$63$12
50 years$817$449$234$117$57$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $837,000, adding $2,514 every year, while hoping to spend $24,927 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: 52/19/29 Blend
52$837,000$837,000$837,000$837,000
53$924,967$880,606$867,633$965,412
54$992,792$897,234$870,176$1,010,453
55$1,066,699$913,841$871,970$1,056,713
56$1,147,283$930,399$872,961$1,106,550
57$1,235,197$946,881$873,097$1,160,318
58$1,331,162$963,253$872,321$1,218,407
59$1,435,970$979,481$870,573$1,281,244
60$1,550,492$995,529$867,790$1,349,305
61$1,675,690$1,011,357$863,908$1,423,112
62$1,812,619$1,026,923$858,858$1,503,242
63$1,962,445$1,042,181$852,568$1,590,331
64$2,126,448$1,057,081$844,964$1,685,081
65$2,306,041$1,071,573$835,965$1,788,268
66$2,502,776$1,085,600$825,489$1,900,746
67$2,718,367$1,099,102$813,450$2,023,459
68$2,954,698$1,112,015$799,758$2,157,446
69$3,213,844$1,124,271$784,318$2,303,855
70$3,498,094$1,135,798$767,029$2,463,953
71$3,809,964$1,146,517$747,790$2,639,136
72$4,152,230$1,156,345$726,490$2,830,945
73$4,527,947$1,165,196$703,017$3,041,080
74$4,940,481$1,172,974$677,251$3,271,415
75$5,393,540$1,179,579$649,069$3,524,018
76$5,891,208$1,184,906$618,341$3,801,169
77$6,437,986$1,188,841$584,930$4,105,384
78$7,038,830$1,191,264$548,695$4,439,438
79$7,699,202$1,192,047$509,487$4,806,389
80$8,425,118$1,191,055$467,152$5,209,612
81$9,223,206$1,188,142$421,527$5,652,828
82$10,100,768$1,183,157$372,444$6,140,141
83$11,065,851$1,175,936$319,725$6,676,076
84$12,127,319$1,166,308$263,187$7,265,623
85$13,294,938$1,154,090$202,637$7,914,285
86$14,579,470$1,139,088$137,873$8,628,130
87$15,992,769$1,121,097$68,685$9,413,847
88$17,547,901$1,099,899$0$10,278,814
89$19,259,257$1,075,265$0$11,232,759
90$21,142,699$1,046,950$0$12,305,839
91$23,215,699$1,014,696$0$13,486,742
92$25,497,514$978,230$0$14,786,446
93$28,009,359$937,262$0$16,217,051
94$30,774,612$891,486$0$17,791,890
95$33,819,032$840,578$0$19,525,660
96$37,171,004$784,197$0$21,434,558
97$40,861,803$721,979$0$23,536,433
98$44,925,893$653,542$0$25,850,958
99$49,401,250$578,482$0$28,399,812
100$54,329,720$496,370$0$31,206,889