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%18.5%
1 years$69,201$68,585$67,983$67,396$66,823$64,529
2 years$34,258$33,620$33,002$32,402$31,821$29,533
3 years$22,612$21,971$21,354$20,760$20,188$17,979
4 years$16,790$16,151$15,540$14,957$14,398$12,284
5 years$13,298$12,663$12,060$11,488$10,945$8,931
6 years$10,970$10,340$9,746$9,187$8,661$6,749
7 years$9,308$8,684$8,099$7,553$7,044$5,233
8 years$8,063$7,443$6,869$6,336$5,843$4,133
9 years$7,094$6,481$5,916$5,397$4,921$3,309
10 years$6,320$5,712$5,158$4,652$4,193$2,677
11 years$5,687$5,086$4,541$4,049$3,606$2,182
12 years$5,160$4,564$4,030$3,551$3,125$1,791
13 years$4,714$4,125$3,600$3,135$2,725$1,477
14 years$4,332$3,749$3,235$2,783$2,389$1,222
15 years$4,002$3,425$2,921$2,482$2,103$1,015
16 years$3,713$3,143$2,648$2,223$1,859$846
17 years$3,458$2,894$2,410$1,997$1,648$706
18 years$3,232$2,674$2,200$1,800$1,465$590
19 years$3,030$2,479$2,014$1,626$1,306$494
20 years$2,848$2,303$1,848$1,473$1,167$414
21 years$2,684$2,145$1,700$1,337$1,044$348
22 years$2,535$2,003$1,567$1,215$936$292
23 years$2,399$1,873$1,447$1,107$840$246
24 years$2,275$1,755$1,338$1,009$755$207
25 years$2,160$1,647$1,239$922$679$174
26 years$2,055$1,548$1,149$843$612$146
27 years$1,958$1,457$1,067$772$552$123
28 years$1,868$1,373$992$707$498$104
29 years$1,784$1,295$923$648$450$88
30 years$1,706$1,223$860$595$406$74
31 years$1,633$1,156$802$546$367$62
32 years$1,565$1,094$748$502$332$52
33 years$1,501$1,036$698$462$301$44
34 years$1,441$982$653$425$272$37
35 years$1,384$931$610$391$247$31
36 years$1,331$884$571$360$223$27
37 years$1,281$839$534$332$202$22
38 years$1,233$798$500$306$184$19
39 years$1,188$759$469$282$166$16
40 years$1,146$722$439$260$151$13
41 years$1,105$687$412$240$137$11
42 years$1,067$654$386$222$124$10
43 years$1,030$623$363$204$113$8
44 years$996$594$340$189$102$7
45 years$963$567$320$174$93$6
46 years$931$541$300$161$84$5
47 years$901$516$282$149$77$4
48 years$872$492$265$138$70$3
49 years$845$470$249$127$63$3
50 years$818$449$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 $838,000, adding $3,950 every year, while hoping to spend $48,114 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: 54/37/9 Blend
52$838,000$838,000$838,000$838,000
53$927,550$883,136$870,147$975,365
54$970,968$875,217$848,104$1,000,290
55$1,017,201$865,297$823,710$1,021,806
56$1,066,486$853,228$796,836$1,044,078
57$1,119,083$838,852$767,345$1,067,185
58$1,175,275$822,001$735,097$1,091,219
59$1,235,374$802,499$699,943$1,116,282
60$1,299,719$780,158$661,728$1,142,490
61$1,368,684$754,780$620,290$1,169,974
62$1,442,681$726,156$575,461$1,198,881
63$1,522,159$694,062$527,063$1,229,376
64$1,607,612$658,263$474,912$1,261,644
65$1,699,581$618,511$418,815$1,295,895
66$1,798,664$574,544$358,571$1,332,361
67$1,905,514$526,082$293,968$1,371,305
68$2,020,848$472,833$224,789$1,413,019
69$2,145,458$414,484$150,802$1,457,833
70$2,280,210$350,709$71,769$1,506,113
71$2,426,057$281,160$0$1,558,268
72$2,584,050$205,472$0$1,615,964
73$2,755,339$123,256$0$1,685,937
74$2,941,193$34,105$0$1,761,884
75$3,143,005$0$0$1,844,467
76$3,362,310$0$0$1,959,832
77$3,600,793$0$0$2,100,457
78$3,860,310$0$0$2,253,558
79$4,142,904$0$0$2,420,349
80$4,450,820$0$0$2,602,166
81$4,786,533$0$0$2,800,480
82$5,152,762$0$0$3,016,907
83$5,552,504$0$0$3,253,229
84$5,989,056$0$0$3,511,407
85$6,466,047$0$0$3,793,600
86$6,987,474$0$0$4,102,183
87$7,557,736$0$0$4,439,772
88$8,181,677$0$0$4,809,250
89$8,864,631$0$0$5,213,788
90$9,612,472$0$0$5,656,880
91$10,431,668$0$0$6,142,373
92$11,329,341$0$0$6,674,503
93$12,313,336$0$0$7,257,937
94$13,392,294$0$0$7,897,815
95$14,575,730$0$0$8,599,796
96$15,874,126$0$0$9,370,116
97$17,299,025$0$0$10,215,643
98$18,863,144$0$0$11,143,942
99$20,580,492$0$0$12,163,345
100$22,466,499$0$0$13,283,034