Can I retire at age 53 with 839,000?

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 $839,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$69,284$68,667$68,065$67,477$66,903$65,822
2 years$34,299$33,660$33,041$32,441$31,859$30,772
3 years$22,639$21,997$21,380$20,785$20,212$19,155
4 years$16,810$16,170$15,559$14,975$14,416$13,395
5 years$13,313$12,678$12,074$11,502$10,959$9,978
6 years$10,983$10,352$9,758$9,198$8,671$7,731
7 years$9,320$8,694$8,109$7,562$7,052$6,153
8 years$8,072$7,452$6,877$6,344$5,850$4,992
9 years$7,103$6,489$5,923$5,404$4,927$4,109
10 years$6,327$5,719$5,164$4,658$4,198$3,420
11 years$5,694$5,092$4,546$4,054$3,610$2,872
12 years$5,166$4,570$4,035$3,556$3,129$2,429
13 years$4,720$4,130$3,605$3,139$2,728$2,065
14 years$4,337$3,754$3,239$2,787$2,392$1,765
15 years$4,006$3,429$2,924$2,485$2,106$1,514
16 years$3,717$3,146$2,651$2,225$1,861$1,303
17 years$3,462$2,898$2,413$1,999$1,650$1,124
18 years$3,236$2,678$2,202$1,802$1,467$972
19 years$3,033$2,482$2,016$1,628$1,308$843
20 years$2,851$2,306$1,850$1,475$1,168$732
21 years$2,687$2,148$1,702$1,338$1,045$636
22 years$2,538$2,005$1,569$1,217$937$554
23 years$2,402$1,875$1,448$1,108$841$483
24 years$2,277$1,757$1,339$1,011$756$421
25 years$2,163$1,649$1,241$923$680$368
26 years$2,058$1,550$1,151$844$613$321
27 years$1,960$1,458$1,068$772$552$281
28 years$1,870$1,374$993$708$498$246
29 years$1,786$1,296$924$649$450$215
30 years$1,708$1,224$861$596$407$188
31 years$1,635$1,157$803$547$368$165
32 years$1,567$1,095$749$503$333$144
33 years$1,503$1,037$699$462$301$126
34 years$1,442$983$653$425$273$111
35 years$1,386$932$611$392$247$97
36 years$1,333$885$571$361$224$85
37 years$1,282$840$535$332$203$75
38 years$1,235$799$501$306$184$66
39 years$1,190$760$469$282$167$58
40 years$1,147$723$440$260$151$50
41 years$1,107$688$412$240$137$44
42 years$1,068$655$387$222$124$39
43 years$1,032$624$363$205$113$34
44 years$997$595$341$189$103$30
45 years$964$567$320$175$93$26
46 years$932$541$300$161$84$23
47 years$902$517$282$149$77$20
48 years$873$493$265$138$70$18
49 years$846$471$249$127$63$16
50 years$819$450$234$118$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $839,000, adding $2,979 every year, while hoping to spend $40,285 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: 66/28/6 Blend
52$839,000$839,000$839,000$839,000
53$927,651$883,184$870,179$987,812
54$979,408$883,597$856,467$1,028,543
55$1,035,095$882,680$840,946$1,067,925
56$1,095,069$880,326$823,512$1,109,888
57$1,159,723$876,419$804,057$1,154,678
58$1,229,491$870,839$782,469$1,202,567
59$1,304,846$863,458$758,629$1,253,855
60$1,386,311$854,138$732,413$1,308,874
61$1,474,459$842,735$703,693$1,367,990
62$1,569,921$829,095$672,334$1,431,610
63$1,673,389$813,057$638,193$1,500,181
64$1,785,626$794,449$601,124$1,574,197
65$1,907,470$773,087$560,972$1,654,205
66$2,039,843$748,779$517,576$1,740,810
67$2,183,759$721,322$470,767$1,834,678
68$2,340,334$690,498$420,369$1,936,547
69$2,510,795$656,080$366,199$2,047,232
70$2,696,494$617,825$308,064$2,167,631
71$2,898,916$575,478$245,763$2,298,740
72$3,119,697$528,768$179,088$2,441,654
73$3,360,639$477,410$107,820$2,597,588
74$3,623,722$421,102$31,731$2,767,879
75$3,911,130$359,524$0$2,954,006
76$4,225,263$292,339$0$3,160,768
77$4,568,767$219,190$0$3,389,177
78$4,944,553$139,702$0$3,639,204
79$5,355,827$53,477$0$3,913,065
80$5,806,119$0$0$4,213,205
81$6,299,316$0$0$4,554,616
82$6,839,701$0$0$4,946,798
83$7,431,987$0$0$5,376,702
84$8,081,367$0$0$5,848,105
85$8,793,561$0$0$6,365,164
86$9,574,867$0$0$6,932,460
87$10,432,224$0$0$7,555,040
88$11,373,274$0$0$8,238,460
89$12,406,435$0$0$8,988,842
90$13,540,981$0$0$9,812,929
91$14,787,127$0$0$10,718,152
92$16,156,126$0$0$11,712,693
93$17,660,376$0$0$12,805,567
94$19,313,533$0$0$14,006,707
95$21,130,644$0$0$15,327,055
96$23,128,285$0$0$16,778,667
97$25,324,718$0$0$18,374,822
98$27,740,064$0$0$20,130,154
99$30,396,490$0$0$22,060,785
100$33,318,421$0$0$24,184,477