Can I retire at age 53 with 839,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.7%
1 years$69,284$68,667$68,065$67,477$66,903$64,813
2 years$34,299$33,660$33,041$32,441$31,859$29,772
3 years$22,639$21,997$21,380$20,785$20,212$18,194
4 years$16,810$16,170$15,559$14,975$14,416$12,481
5 years$13,313$12,678$12,074$11,502$10,959$9,113
6 years$10,983$10,352$9,758$9,198$8,671$6,917
7 years$9,320$8,694$8,109$7,562$7,052$5,388
8 years$8,072$7,452$6,877$6,344$5,850$4,276
9 years$7,103$6,489$5,923$5,404$4,927$3,440
10 years$6,327$5,719$5,164$4,658$4,198$2,796
11 years$5,694$5,092$4,546$4,054$3,610$2,292
12 years$5,166$4,570$4,035$3,556$3,129$1,890
13 years$4,720$4,130$3,605$3,139$2,728$1,567
14 years$4,337$3,754$3,239$2,787$2,392$1,305
15 years$4,006$3,429$2,924$2,485$2,106$1,090
16 years$3,717$3,146$2,651$2,225$1,861$913
17 years$3,462$2,898$2,413$1,999$1,650$767
18 years$3,236$2,678$2,202$1,802$1,467$645
19 years$3,033$2,482$2,016$1,628$1,308$543
20 years$2,851$2,306$1,850$1,475$1,168$458
21 years$2,687$2,148$1,702$1,338$1,045$387
22 years$2,538$2,005$1,569$1,217$937$327
23 years$2,402$1,875$1,448$1,108$841$277
24 years$2,277$1,757$1,339$1,011$756$234
25 years$2,163$1,649$1,241$923$680$198
26 years$2,058$1,550$1,151$844$613$168
27 years$1,960$1,458$1,068$772$552$143
28 years$1,870$1,374$993$708$498$121
29 years$1,786$1,296$924$649$450$103
30 years$1,708$1,224$861$596$407$87
31 years$1,635$1,157$803$547$368$74
32 years$1,567$1,095$749$503$333$63
33 years$1,503$1,037$699$462$301$53
34 years$1,442$983$653$425$273$45
35 years$1,386$932$611$392$247$38
36 years$1,333$885$571$361$224$33
37 years$1,282$840$535$332$203$28
38 years$1,235$799$501$306$184$23
39 years$1,190$760$469$282$167$20
40 years$1,147$723$440$260$151$17
41 years$1,107$688$412$240$137$14
42 years$1,068$655$387$222$124$12
43 years$1,032$624$363$205$113$10
44 years$997$595$341$189$103$9
45 years$964$567$320$175$93$7
46 years$932$541$300$161$84$6
47 years$902$517$282$149$77$5
48 years$873$493$265$138$70$5
49 years$846$471$249$127$63$4
50 years$819$450$234$118$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $839,000, adding $2,413 every year, while hoping to spend $26,669 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: 30/43/27 Blend
52$839,000$839,000$839,000$839,000
53$927,067$882,600$869,596$947,108
54$993,252$897,472$870,351$977,782
55$1,065,295$912,178$870,239$1,008,256
56$1,143,763$926,684$869,200$1,040,506
57$1,229,285$940,949$867,176$1,074,707
58$1,322,548$954,932$864,103$1,111,050
59$1,424,313$968,588$859,915$1,149,746
60$1,535,413$981,870$854,543$1,191,031
61$1,656,770$994,726$847,915$1,235,166
62$1,789,394$1,007,101$839,953$1,282,440
63$1,934,400$1,018,937$830,580$1,333,172
64$2,093,016$1,030,172$819,711$1,387,716
65$2,266,591$1,040,738$807,259$1,446,466
66$2,456,614$1,050,564$793,133$1,509,854
67$2,664,722$1,059,576$777,236$1,578,362
68$2,892,720$1,067,691$759,470$1,652,522
69$3,142,593$1,074,824$739,728$1,732,923
70$3,416,531$1,080,883$717,902$1,820,216
71$3,716,941$1,085,771$693,876$1,915,121
72$4,046,480$1,089,384$667,531$2,018,437
73$4,408,069$1,091,612$638,742$2,131,044
74$4,804,929$1,092,338$607,376$2,253,919
75$5,240,607$1,091,437$573,299$2,388,140
76$5,719,009$1,088,778$536,365$2,534,898
77$6,244,440$1,084,221$496,425$2,695,512
78$6,821,641$1,077,616$453,323$2,871,439
79$7,455,835$1,068,805$406,896$3,064,288
80$8,152,776$1,057,622$356,973$3,275,840
81$8,918,803$1,043,890$303,375$3,508,059
82$9,760,899$1,027,419$245,917$3,763,119
83$10,686,759$1,008,011$184,403$4,043,418
84$11,704,860$985,455$118,632$4,351,608
85$12,824,541$959,527$48,392$4,690,617
86$14,056,092$929,991$0$5,063,677
87$15,410,849$896,597$0$5,482,014
88$16,901,304$859,079$0$5,957,292
89$18,541,220$817,156$0$6,479,978
90$20,345,760$770,533$0$7,054,951
91$22,331,634$718,895$0$7,687,593
92$24,517,251$661,912$0$8,383,840
93$26,922,897$599,231$0$9,150,239
94$29,570,922$530,483$0$9,994,012
95$32,485,955$455,276$0$10,923,123
96$35,695,134$373,196$0$11,946,358
97$39,228,361$283,806$0$13,073,404
98$43,118,585$186,644$0$14,314,944
99$47,402,114$81,222$0$15,682,762
100$52,118,953$0$0$17,189,851