Can I retire at age 53 with 841,000?

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 $841,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$69,449$68,830$68,227$67,638$67,063$64,709
2 years$34,381$33,740$33,120$32,518$31,935$29,588
3 years$22,693$22,050$21,431$20,835$20,261$17,995
4 years$16,850$16,209$15,596$15,010$14,450$12,282
5 years$13,345$12,708$12,103$11,529$10,985$8,921
6 years$11,009$10,377$9,781$9,220$8,692$6,733
7 years$9,342$8,715$8,128$7,580$7,069$5,215
8 years$8,091$7,470$6,893$6,359$5,864$4,114
9 years$7,120$6,504$5,937$5,416$4,939$3,290
10 years$6,343$5,733$5,176$4,669$4,208$2,658
11 years$5,707$5,104$4,557$4,063$3,619$2,164
12 years$5,178$4,581$4,044$3,564$3,136$1,773
13 years$4,731$4,140$3,613$3,147$2,735$1,460
14 years$4,348$3,763$3,247$2,793$2,397$1,207
15 years$4,016$3,437$2,931$2,491$2,111$1,001
16 years$3,726$3,154$2,658$2,230$1,865$833
17 years$3,470$2,905$2,418$2,004$1,654$694
18 years$3,243$2,684$2,208$1,806$1,471$579
19 years$3,041$2,487$2,021$1,632$1,311$484
20 years$2,858$2,311$1,855$1,478$1,171$406
21 years$2,694$2,153$1,706$1,341$1,048$340
22 years$2,544$2,010$1,572$1,220$939$285
23 years$2,408$1,880$1,452$1,111$843$239
24 years$2,283$1,761$1,343$1,013$758$201
25 years$2,168$1,653$1,244$925$682$169
26 years$2,063$1,553$1,153$846$614$142
27 years$1,965$1,462$1,071$774$554$119
28 years$1,874$1,378$996$709$500$100
29 years$1,790$1,300$926$651$451$84
30 years$1,712$1,227$863$597$408$71
31 years$1,639$1,160$805$548$369$60
32 years$1,570$1,098$751$504$333$50
33 years$1,506$1,040$701$463$302$42
34 years$1,446$985$655$426$273$36
35 years$1,389$935$612$393$247$30
36 years$1,336$887$573$362$224$25
37 years$1,285$842$536$333$203$21
38 years$1,238$801$502$307$184$18
39 years$1,193$761$470$283$167$15
40 years$1,150$724$441$261$152$13
41 years$1,109$689$413$241$137$11
42 years$1,071$657$388$222$125$9
43 years$1,034$626$364$205$113$8
44 years$999$596$342$189$103$6
45 years$966$569$321$175$93$5
46 years$934$543$301$162$85$5
47 years$904$518$283$149$77$4
48 years$875$494$266$138$70$3
49 years$848$472$250$128$63$3
50 years$821$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $841,000, adding $2,564 every year, while hoping to spend $45,623 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: 61/14/25 Blend
52$841,000$841,000$841,000$841,000
53$929,427$884,854$871,818$979,780
54$975,686$879,669$852,482$1,009,084
55$1,025,134$872,701$830,968$1,035,860
56$1,078,049$863,815$807,157$1,064,095
57$1,134,734$852,866$780,921$1,093,940
58$1,195,523$839,702$752,128$1,125,561
59$1,260,781$824,163$720,639$1,159,145
60$1,330,910$806,076$686,310$1,194,899
61$1,406,351$785,261$648,988$1,233,055
62$1,487,586$761,527$608,517$1,273,867
63$1,575,148$734,670$564,731$1,317,622
64$1,669,620$704,475$517,456$1,364,636
65$1,771,643$670,716$466,512$1,415,258
66$1,881,921$633,152$411,711$1,469,880
67$2,001,229$591,528$352,855$1,528,934
68$2,130,418$545,577$289,740$1,592,899
69$2,270,424$495,014$222,150$1,662,307
70$2,422,276$439,538$149,860$1,737,749
71$2,587,105$378,832$72,637$1,819,877
72$2,766,156$312,561$0$1,909,416
73$2,960,798$240,371$0$2,009,777
74$3,172,537$161,886$0$2,140,087
75$3,403,030$76,713$0$2,282,006
76$3,654,101$0$0$2,436,698
77$3,927,755$0$0$2,607,844
78$4,226,202$0$0$2,807,444
79$4,551,872$0$0$3,025,310
80$4,907,439$0$0$3,263,241
81$5,295,850$0$0$3,523,216
82$5,720,346$0$0$3,807,413
83$6,184,497$0$0$4,118,230
84$6,692,232$0$0$4,458,308
85$7,247,879$0$0$4,830,554
86$7,856,203$0$0$5,238,171
87$8,522,451$0$0$5,684,684
88$9,252,401$0$0$6,173,976
89$10,052,416$0$0$6,710,324
90$10,929,506$0$0$7,298,437
91$11,891,389$0$0$7,943,503
92$12,946,566$0$0$8,651,235
93$14,104,403$0$0$9,427,928
94$15,375,214$0$0$10,280,512
95$16,770,360$0$0$11,216,624
96$18,302,358$0$0$12,244,676
97$19,984,994$0$0$13,373,934
98$21,833,457$0$0$14,614,606
99$23,864,478$0$0$15,977,937
100$26,096,489$0$0$17,476,316