Can I retire at age 53 with 840,000?

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 $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%15.6%
1 years$69,366$68,749$68,146$67,557$66,983$65,443
2 years$34,340$33,700$33,080$32,479$31,897$30,354
3 years$22,666$22,023$21,405$20,810$20,236$18,739
4 years$16,830$16,190$15,578$14,992$14,433$12,992
5 years$13,329$12,693$12,089$11,516$10,972$9,592
6 years$10,996$10,365$9,770$9,209$8,681$7,364
7 years$9,331$8,704$8,119$7,571$7,060$5,805
8 years$8,082$7,461$6,885$6,351$5,857$4,664
9 years$7,111$6,496$5,930$5,410$4,933$3,800
10 years$6,335$5,726$5,170$4,663$4,203$3,130
11 years$5,700$5,098$4,552$4,059$3,615$2,600
12 years$5,172$4,575$4,039$3,560$3,132$2,174
13 years$4,725$4,135$3,609$3,143$2,731$1,828
14 years$4,342$3,758$3,243$2,790$2,394$1,544
15 years$4,011$3,433$2,928$2,488$2,108$1,309
16 years$3,722$3,150$2,654$2,228$1,863$1,113
17 years$3,466$2,901$2,415$2,002$1,652$949
18 years$3,240$2,681$2,205$1,804$1,469$811
19 years$3,037$2,484$2,019$1,630$1,309$694
20 years$2,855$2,309$1,853$1,476$1,169$595
21 years$2,690$2,150$1,704$1,340$1,047$511
22 years$2,541$2,007$1,570$1,218$938$439
23 years$2,405$1,877$1,450$1,109$842$377
24 years$2,280$1,759$1,341$1,012$757$325
25 years$2,166$1,651$1,242$924$681$280
26 years$2,060$1,551$1,152$845$613$241
27 years$1,963$1,460$1,070$773$553$208
28 years$1,872$1,376$994$709$499$179
29 years$1,788$1,298$925$650$451$155
30 years$1,710$1,226$862$596$407$134
31 years$1,637$1,159$804$548$368$115
32 years$1,568$1,096$750$503$333$100
33 years$1,504$1,038$700$463$301$86
34 years$1,444$984$654$426$273$74
35 years$1,387$933$612$392$247$64
36 years$1,334$886$572$361$224$56
37 years$1,284$841$535$333$203$48
38 years$1,236$800$501$307$184$42
39 years$1,191$760$470$283$167$36
40 years$1,148$723$440$261$151$31
41 years$1,108$689$413$241$137$27
42 years$1,069$656$387$222$125$23
43 years$1,033$625$363$205$113$20
44 years$998$596$341$189$103$17
45 years$965$568$320$175$93$15
46 years$933$542$301$161$85$13
47 years$903$517$283$149$77$11
48 years$874$494$266$138$70$10
49 years$847$471$250$127$63$8
50 years$820$450$235$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $840,000, adding $6,455 every year, while hoping to spend $59,627 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: 44/45/11 Blend
52$840,000$840,000$840,000$840,000
53$932,338$887,818$874,798$970,148
54$963,994$867,879$840,661$977,154
55$996,880$844,964$803,382$978,186
56$1,031,060$818,864$762,793$977,970
57$1,066,599$789,360$718,718$976,414
58$1,103,570$756,216$670,973$973,422
59$1,142,050$719,187$619,366$968,893
60$1,182,120$678,008$563,697$962,721
61$1,223,871$632,405$503,755$954,793
62$1,267,398$582,085$439,322$944,995
63$1,312,803$526,738$370,170$933,204
64$1,360,197$466,036$296,059$919,291
65$1,409,701$399,635$216,741$903,125
66$1,461,443$327,170$131,954$884,566
67$1,515,563$248,254$41,427$863,469
68$1,572,212$162,481$0$839,683
69$1,631,555$69,420$0$819,527
70$1,693,769$0$0$801,972
71$1,759,045$0$0$797,557
72$1,827,595$0$0$829,051
73$1,899,643$0$0$862,187
74$1,975,438$0$0$897,083
75$2,055,249$0$0$933,867
76$2,139,366$0$0$972,679
77$2,228,110$0$0$1,013,673
78$2,321,828$0$0$1,057,014
79$2,420,898$0$0$1,102,884
80$2,525,733$0$0$1,151,481
81$2,636,786$0$0$1,203,023
82$2,754,550$0$0$1,257,746
83$2,879,562$0$0$1,315,909
84$3,012,414$0$0$1,377,795
85$3,153,749$0$0$1,443,716
86$3,304,274$0$0$1,514,009
87$3,464,760$0$0$1,589,049
88$3,636,055$0$0$1,669,242
89$3,819,086$0$0$1,755,034
90$4,014,868$0$0$1,846,917
91$4,224,517$0$0$1,945,428
92$4,449,254$0$0$2,051,155
93$4,690,420$0$0$2,164,746
94$4,949,486$0$0$2,286,912
95$5,228,067$0$0$2,418,431
96$5,527,936$0$0$2,560,160
97$5,851,040$0$0$2,713,040
98$6,199,517$0$0$2,878,103
99$6,575,717$0$0$3,056,485
100$6,982,219$0$0$3,249,433