Can I retire at age 53 with 840,000?

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 $840,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$69,366$68,749$68,146$67,557$66,983$65,258
2 years$34,340$33,700$33,080$32,479$31,897$30,170
3 years$22,666$22,023$21,405$20,810$20,236$18,562
4 years$16,830$16,190$15,578$14,992$14,433$12,824
5 years$13,329$12,693$12,089$11,516$10,972$9,433
6 years$10,996$10,365$9,770$9,209$8,681$7,214
7 years$9,331$8,704$8,119$7,571$7,060$5,665
8 years$8,082$7,461$6,885$6,351$5,857$4,532
9 years$7,111$6,496$5,930$5,410$4,933$3,678
10 years$6,335$5,726$5,170$4,663$4,203$3,016
11 years$5,700$5,098$4,552$4,059$3,615$2,494
12 years$5,172$4,575$4,039$3,560$3,132$2,076
13 years$4,725$4,135$3,609$3,143$2,731$1,738
14 years$4,342$3,758$3,243$2,790$2,394$1,461
15 years$4,011$3,433$2,928$2,488$2,108$1,232
16 years$3,722$3,150$2,654$2,228$1,863$1,043
17 years$3,466$2,901$2,415$2,002$1,652$884
18 years$3,240$2,681$2,205$1,804$1,469$752
19 years$3,037$2,484$2,019$1,630$1,309$640
20 years$2,855$2,309$1,853$1,476$1,169$546
21 years$2,690$2,150$1,704$1,340$1,047$466
22 years$2,541$2,007$1,570$1,218$938$398
23 years$2,405$1,877$1,450$1,109$842$341
24 years$2,280$1,759$1,341$1,012$757$292
25 years$2,166$1,651$1,242$924$681$250
26 years$2,060$1,551$1,152$845$613$214
27 years$1,963$1,460$1,070$773$553$183
28 years$1,872$1,376$994$709$499$157
29 years$1,788$1,298$925$650$451$135
30 years$1,710$1,226$862$596$407$116
31 years$1,637$1,159$804$548$368$100
32 years$1,568$1,096$750$503$333$85
33 years$1,504$1,038$700$463$301$73
34 years$1,444$984$654$426$273$63
35 years$1,387$933$612$392$247$54
36 years$1,334$886$572$361$224$47
37 years$1,284$841$535$333$203$40
38 years$1,236$800$501$307$184$34
39 years$1,191$760$470$283$167$30
40 years$1,148$723$440$261$151$25
41 years$1,108$689$413$241$137$22
42 years$1,069$656$387$222$125$19
43 years$1,033$625$363$205$113$16
44 years$998$596$341$189$103$14
45 years$965$568$320$175$93$12
46 years$933$542$301$161$85$10
47 years$903$517$283$149$77$9
48 years$874$494$266$138$70$8
49 years$847$471$250$127$63$7
50 years$820$450$235$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $840,000, adding $5,049 every year, while hoping to spend $25,554 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: 59/28/13 Blend
52$840,000$840,000$840,000$840,000
53$930,888$886,368$873,348$982,520
54$998,649$902,611$875,416$1,034,161
55$1,072,466$918,793$876,697$1,087,147
56$1,152,928$934,885$877,137$1,144,317
57$1,240,686$950,854$876,680$1,206,076
58$1,336,456$966,665$875,269$1,272,871
59$1,441,025$982,282$872,840$1,345,196
60$1,555,259$997,663$869,330$1,423,594
61$1,680,114$1,012,767$864,671$1,508,663
62$1,816,639$1,027,547$858,792$1,601,064
63$1,965,993$1,041,953$851,618$1,701,524
64$2,129,449$1,055,933$843,071$1,810,846
65$2,308,409$1,069,430$833,071$1,929,914
66$2,504,418$1,082,384$821,530$2,059,704
67$2,719,178$1,094,730$808,361$2,201,291
68$2,954,562$1,106,399$793,468$2,355,859
69$3,212,632$1,117,318$776,754$2,524,717
70$3,495,662$1,127,408$758,117$2,709,303
71$3,806,154$1,136,585$737,449$2,911,208
72$4,146,866$1,144,762$714,637$3,132,182
73$4,520,833$1,151,842$689,564$3,374,156
74$4,931,400$1,157,725$662,107$3,639,259
75$5,382,254$1,162,304$632,138$3,929,838
76$5,877,451$1,165,464$599,523$4,248,480
77$6,421,464$1,167,085$564,120$4,598,039
78$7,019,219$1,167,038$525,783$4,981,659
79$7,676,142$1,165,185$484,359$5,402,808
80$8,398,211$1,161,382$439,688$5,865,310
81$9,192,013$1,155,474$391,602$6,373,379
82$10,064,805$1,147,299$339,927$6,931,660
83$11,024,579$1,136,681$284,479$7,545,278
84$12,080,146$1,123,438$225,069$8,219,880
85$13,241,209$1,107,374$161,496$8,961,690
86$14,518,460$1,088,283$93,554$9,777,573
87$15,923,680$1,065,947$21,026$10,675,094
88$17,469,849$1,040,132$0$11,662,595
89$19,171,270$1,010,594$0$12,757,091
90$21,043,699$977,072$0$13,964,519
91$23,104,500$939,293$0$15,293,167
92$25,372,804$896,964$0$16,755,389
93$27,869,693$849,777$0$18,364,801
94$30,618,393$797,408$0$20,136,408
95$33,644,499$739,511$0$22,086,750
96$36,976,214$675,723$0$24,234,057
97$40,644,613$605,659$0$26,598,420
98$44,683,939$528,911$0$29,201,984
99$49,131,923$445,050$0$32,069,155
100$54,030,144$353,622$0$35,226,832