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%12.9%
1 years$69,449$68,830$68,227$67,638$67,063$66,252
2 years$34,381$33,740$33,120$32,518$31,935$31,119
3 years$22,693$22,050$21,431$20,835$20,261$19,465
4 years$16,850$16,209$15,596$15,010$14,450$13,681
5 years$13,345$12,708$12,103$11,529$10,985$10,244
6 years$11,009$10,377$9,781$9,220$8,692$7,981
7 years$9,342$8,715$8,128$7,580$7,069$6,387
8 years$8,091$7,470$6,893$6,359$5,864$5,212
9 years$7,120$6,504$5,937$5,416$4,939$4,316
10 years$6,343$5,733$5,176$4,669$4,208$3,614
11 years$5,707$5,104$4,557$4,063$3,619$3,054
12 years$5,178$4,581$4,044$3,564$3,136$2,599
13 years$4,731$4,140$3,613$3,147$2,735$2,225
14 years$4,348$3,763$3,247$2,793$2,397$1,913
15 years$4,016$3,437$2,931$2,491$2,111$1,653
16 years$3,726$3,154$2,658$2,230$1,865$1,432
17 years$3,470$2,905$2,418$2,004$1,654$1,245
18 years$3,243$2,684$2,208$1,806$1,471$1,084
19 years$3,041$2,487$2,021$1,632$1,311$947
20 years$2,858$2,311$1,855$1,478$1,171$828
21 years$2,694$2,153$1,706$1,341$1,048$725
22 years$2,544$2,010$1,572$1,220$939$636
23 years$2,408$1,880$1,452$1,111$843$559
24 years$2,283$1,761$1,343$1,013$758$491
25 years$2,168$1,653$1,244$925$682$432
26 years$2,063$1,553$1,153$846$614$381
27 years$1,965$1,462$1,071$774$554$336
28 years$1,874$1,378$996$709$500$296
29 years$1,790$1,300$926$651$451$261
30 years$1,712$1,227$863$597$408$230
31 years$1,639$1,160$805$548$369$203
32 years$1,570$1,098$751$504$333$180
33 years$1,506$1,040$701$463$302$159
34 years$1,446$985$655$426$273$140
35 years$1,389$935$612$393$247$124
36 years$1,336$887$573$362$224$110
37 years$1,285$842$536$333$203$97
38 years$1,238$801$502$307$184$86
39 years$1,193$761$470$283$167$76
40 years$1,150$724$441$261$152$67
41 years$1,109$689$413$241$137$59
42 years$1,071$657$388$222$125$53
43 years$1,034$626$364$205$113$47
44 years$999$596$342$189$103$41
45 years$966$569$321$175$93$37
46 years$934$543$301$162$85$32
47 years$904$518$283$149$77$29
48 years$875$494$266$138$70$25
49 years$848$472$250$128$63$22
50 years$821$451$235$118$58$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $841,000, adding $4,921 every year, while hoping to spend $51,017 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: 44/34/22 Blend
52$841,000$841,000$841,000$841,000
53$931,858$887,285$874,250$966,727
54$972,626$876,480$849,255$981,048
55$1,015,842$863,436$821,714$991,206
56$1,061,703$847,989$791,486$1,001,182
57$1,110,422$829,966$758,426$1,010,986
58$1,162,234$809,183$722,382$1,020,630
59$1,217,395$785,446$683,195$1,030,134
60$1,276,185$758,550$640,698$1,039,522
61$1,338,913$728,275$594,719$1,048,827
62$1,405,914$694,393$545,074$1,058,089
63$1,477,559$656,660$491,575$1,067,357
64$1,554,250$614,817$434,023$1,076,690
65$1,636,433$568,591$372,212$1,086,159
66$1,724,593$517,696$305,925$1,095,847
67$1,819,264$461,827$234,937$1,105,856
68$1,921,033$400,660$159,011$1,116,299
69$2,030,543$333,857$77,903$1,127,312
70$2,148,501$261,058$0$1,139,052
71$2,275,681$181,883$0$1,153,730
72$2,412,937$95,932$0$1,189,168
73$2,561,205$2,781$0$1,227,363
74$2,721,513$0$0$1,268,655
75$2,894,994$0$0$1,350,094
76$3,082,890$0$0$1,439,512
77$3,286,569$0$0$1,536,529
78$3,507,534$0$0$1,641,873
79$3,747,437$0$0$1,756,343
80$4,008,099$0$0$1,880,820
81$4,291,517$0$0$2,016,271
82$4,599,895$0$0$2,163,762
83$4,935,651$0$0$2,324,465
84$5,301,452$0$0$2,499,669
85$5,700,230$0$0$2,690,795
86$6,135,210$0$0$2,899,405
87$6,609,945$0$0$3,127,218
88$7,128,345$0$0$3,376,129
89$7,694,714$0$0$3,648,222
90$8,313,790$0$0$3,945,791
91$8,990,789$0$0$4,271,364
92$9,731,455$0$0$4,627,724
93$10,542,113$0$0$5,017,933
94$11,429,727$0$0$5,445,367
95$12,401,965$0$0$5,913,741
96$13,467,273$0$0$6,427,146
97$14,634,952$0$0$6,990,090
98$15,915,247$0$0$7,607,537
99$17,319,438$0$0$8,284,953
100$18,859,953$0$0$9,028,362