Can I retire at age 53 with 838,000?

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 $838,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$69,201$68,585$67,983$67,396$66,823$65,341
2 years$34,258$33,620$33,002$32,402$31,821$30,335
3 years$22,612$21,971$21,354$20,760$20,188$18,745
4 years$16,790$16,151$15,540$14,957$14,398$13,010
5 years$13,298$12,663$12,060$11,488$10,945$9,615
6 years$10,970$10,340$9,746$9,187$8,661$7,389
7 years$9,308$8,684$8,099$7,553$7,044$5,832
8 years$8,063$7,443$6,869$6,336$5,843$4,691
9 years$7,094$6,481$5,916$5,397$4,921$3,827
10 years$6,320$5,712$5,158$4,652$4,193$3,156
11 years$5,687$5,086$4,541$4,049$3,606$2,625
12 years$5,160$4,564$4,030$3,551$3,125$2,198
13 years$4,714$4,125$3,600$3,135$2,725$1,851
14 years$4,332$3,749$3,235$2,783$2,389$1,565
15 years$4,002$3,425$2,921$2,482$2,103$1,329
16 years$3,713$3,143$2,648$2,223$1,859$1,132
17 years$3,458$2,894$2,410$1,997$1,648$966
18 years$3,232$2,674$2,200$1,800$1,465$827
19 years$3,030$2,479$2,014$1,626$1,306$709
20 years$2,848$2,303$1,848$1,473$1,167$608
21 years$2,684$2,145$1,700$1,337$1,044$523
22 years$2,535$2,003$1,567$1,215$936$450
23 years$2,399$1,873$1,447$1,107$840$388
24 years$2,275$1,755$1,338$1,009$755$334
25 years$2,160$1,647$1,239$922$679$288
26 years$2,055$1,548$1,149$843$612$249
27 years$1,958$1,457$1,067$772$552$215
28 years$1,868$1,373$992$707$498$186
29 years$1,784$1,295$923$648$450$161
30 years$1,706$1,223$860$595$406$139
31 years$1,633$1,156$802$546$367$120
32 years$1,565$1,094$748$502$332$104
33 years$1,501$1,036$698$462$301$90
34 years$1,441$982$653$425$272$78
35 years$1,384$931$610$391$247$67
36 years$1,331$884$571$360$223$58
37 years$1,281$839$534$332$202$50
38 years$1,233$798$500$306$184$44
39 years$1,188$759$469$282$166$38
40 years$1,146$722$439$260$151$33
41 years$1,105$687$412$240$137$28
42 years$1,067$654$386$222$124$25
43 years$1,030$623$363$204$113$21
44 years$996$594$340$189$102$18
45 years$963$567$320$174$93$16
46 years$931$541$300$161$84$14
47 years$901$516$282$149$77$12
48 years$872$492$265$138$70$10
49 years$845$470$249$127$63$9
50 years$818$449$234$117$57$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $838,000, adding $5,682 every year, while hoping to spend $55,603 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: 80/14/6 Blend
52$838,000$838,000$838,000$838,000
53$929,337$884,923$871,934$1,002,802
54$964,968$869,123$841,983$1,035,919
55$1,002,370$850,685$809,164$1,064,318
56$1,041,665$829,422$773,324$1,093,789
57$1,082,985$805,134$734,301$1,124,410
58$1,126,474$777,610$691,925$1,156,265
59$1,172,290$746,628$646,019$1,189,450
60$1,220,602$711,952$596,400$1,224,070
61$1,271,598$673,332$542,874$1,260,240
62$1,325,480$630,504$485,239$1,298,088
63$1,382,469$583,189$423,285$1,337,755
64$1,442,808$531,092$356,792$1,379,399
65$1,506,760$473,901$285,530$1,423,191
66$1,574,614$411,287$209,259$1,469,323
67$1,646,685$342,901$127,730$1,518,007
68$1,723,319$268,374$40,681$1,569,476
69$1,804,892$187,319$0$1,623,990
70$1,891,818$99,325$0$1,685,179
71$1,984,550$3,958$0$1,753,013
72$2,083,583$0$0$1,825,255
73$2,189,460$0$0$1,917,601
74$2,302,778$0$0$2,017,104
75$2,424,189$0$0$2,123,730
76$2,554,409$0$0$2,238,109
77$2,694,225$0$0$2,360,934
78$2,844,499$0$0$2,492,965
79$3,006,178$0$0$2,635,037
80$3,180,302$0$0$2,788,066
81$3,368,013$0$0$2,953,057
82$3,570,564$0$0$3,131,117
83$3,789,335$0$0$3,323,459
84$4,025,839$0$0$3,531,419
85$4,281,742$0$0$3,756,463
86$4,558,873$0$0$4,000,205
87$4,859,243$0$0$4,264,416
88$5,185,065$0$0$4,551,047
89$5,538,772$0$0$4,862,241
90$5,923,038$0$0$5,200,357
91$6,340,809$0$0$5,567,990
92$6,795,321$0$0$5,967,992
93$7,290,137$0$0$6,403,505
94$7,829,178$0$0$6,877,984
95$8,416,758$0$0$7,395,232
96$9,057,624$0$0$7,959,433
97$9,757,003$0$0$8,575,193
98$10,520,647$0$0$9,247,585
99$11,354,888$0$0$9,982,188
100$12,266,698$0$0$10,785,148