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%12.3%
1 years$69,366$68,749$68,146$67,557$66,983$66,338
2 years$34,340$33,700$33,080$32,479$31,897$31,248
3 years$22,666$22,023$21,405$20,810$20,236$19,603
4 years$16,830$16,190$15,578$14,992$14,433$13,819
5 years$13,329$12,693$12,089$11,516$10,972$10,380
6 years$10,996$10,365$9,770$9,209$8,681$8,113
7 years$9,331$8,704$8,119$7,571$7,060$6,515
8 years$8,082$7,461$6,885$6,351$5,857$5,335
9 years$7,111$6,496$5,930$5,410$4,933$4,433
10 years$6,335$5,726$5,170$4,663$4,203$3,726
11 years$5,700$5,098$4,552$4,059$3,615$3,160
12 years$5,172$4,575$4,039$3,560$3,132$2,699
13 years$4,725$4,135$3,609$3,143$2,731$2,319
14 years$4,342$3,758$3,243$2,790$2,394$2,003
15 years$4,011$3,433$2,928$2,488$2,108$1,737
16 years$3,722$3,150$2,654$2,228$1,863$1,511
17 years$3,466$2,901$2,415$2,002$1,652$1,319
18 years$3,240$2,681$2,205$1,804$1,469$1,154
19 years$3,037$2,484$2,019$1,630$1,309$1,012
20 years$2,855$2,309$1,853$1,476$1,169$889
21 years$2,690$2,150$1,704$1,340$1,047$782
22 years$2,541$2,007$1,570$1,218$938$690
23 years$2,405$1,877$1,450$1,109$842$608
24 years$2,280$1,759$1,341$1,012$757$537
25 years$2,166$1,651$1,242$924$681$475
26 years$2,060$1,551$1,152$845$613$420
27 years$1,963$1,460$1,070$773$553$372
28 years$1,872$1,376$994$709$499$330
29 years$1,788$1,298$925$650$451$292
30 years$1,710$1,226$862$596$407$259
31 years$1,637$1,159$804$548$368$230
32 years$1,568$1,096$750$503$333$204
33 years$1,504$1,038$700$463$301$181
34 years$1,444$984$654$426$273$161
35 years$1,387$933$612$392$247$143
36 years$1,334$886$572$361$224$127
37 years$1,284$841$535$333$203$113
38 years$1,236$800$501$307$184$101
39 years$1,191$760$470$283$167$89
40 years$1,148$723$440$261$151$80
41 years$1,108$689$413$241$137$71
42 years$1,069$656$387$222$125$63
43 years$1,033$625$363$205$113$56
44 years$998$596$341$189$103$50
45 years$965$568$320$175$93$44
46 years$933$542$301$161$85$39
47 years$903$517$283$149$77$35
48 years$874$494$266$138$70$31
49 years$847$471$250$127$63$28
50 years$820$450$235$118$58$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $840,000, adding $3,554 every year, while hoping to spend $33,293 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: 46/42/12 Blend
52$840,000$840,000$840,000$840,000
53$929,346$884,826$871,806$968,800
54$988,716$892,759$865,588$1,004,415
55$1,053,025$899,965$858,046$1,039,334
56$1,122,744$906,373$849,100$1,076,472
57$1,198,386$911,907$838,667$1,116,046
58$1,280,519$916,489$826,660$1,158,298
59$1,369,767$920,031$812,988$1,203,495
60$1,466,814$922,444$797,555$1,251,932
61$1,572,417$923,632$780,260$1,303,939
62$1,687,405$923,491$761,000$1,359,877
63$1,812,691$921,913$739,665$1,420,148
64$1,949,281$918,782$716,139$1,485,197
65$2,098,282$913,977$690,305$1,555,516
66$2,260,912$907,367$662,035$1,631,650
67$2,438,511$898,814$631,199$1,714,202
68$2,632,555$888,171$597,660$1,803,838
69$2,844,669$875,285$561,275$1,901,296
70$3,076,642$859,991$521,894$2,007,393
71$3,330,443$842,114$479,361$2,123,030
72$3,608,242$821,471$433,513$2,249,205
73$3,912,426$797,866$384,179$2,387,024
74$4,245,625$771,094$331,181$2,537,705
75$4,610,735$740,934$274,332$2,702,597
76$5,010,947$707,157$213,439$2,883,191
77$5,449,773$669,516$148,299$3,081,137
78$5,931,082$627,755$78,698$3,298,253
79$6,459,135$581,598$4,418$3,536,554
80$7,038,627$530,756$0$3,798,262
81$7,674,728$474,924$0$4,095,418
82$8,373,133$413,778$0$4,422,379
83$9,140,116$346,977$0$4,781,608
84$9,982,589$274,160$0$5,176,448
85$10,908,165$194,946$0$5,610,592
86$11,925,231$108,931$0$6,088,114
87$13,043,027$15,692$0$6,613,510
88$14,271,734$0$0$7,191,742
89$15,622,566$0$0$7,867,674
90$17,107,878$0$0$8,618,980
91$18,741,285$0$0$9,445,306
92$20,537,783$0$0$10,354,253
93$22,513,899$0$0$11,354,198
94$24,687,837$0$0$12,454,367
95$27,079,660$0$0$13,664,927
96$29,711,469$0$0$14,997,081
97$32,607,617$0$0$16,463,173
98$35,794,939$0$0$18,076,802
99$39,302,999$0$0$19,852,954
100$43,164,376$0$0$21,808,142