Can I retire at age 53 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$69,614$68,994$68,389$67,799$67,222$65,597
2 years$34,462$33,821$33,199$32,595$32,010$30,383
3 years$22,747$22,102$21,482$20,884$20,309$18,730
4 years$16,890$16,247$15,633$15,046$14,484$12,966
5 years$13,377$12,738$12,132$11,557$11,011$9,557
6 years$11,036$10,402$9,804$9,242$8,712$7,325
7 years$9,364$8,735$8,148$7,598$7,086$5,765
8 years$8,111$7,488$6,910$6,374$5,878$4,623
9 years$7,137$6,519$5,951$5,429$4,950$3,760
10 years$6,358$5,747$5,189$4,680$4,218$3,092
11 years$5,721$5,116$4,568$4,073$3,628$2,563
12 years$5,190$4,592$4,054$3,573$3,144$2,140
13 years$4,742$4,150$3,622$3,154$2,741$1,795
14 years$4,358$3,772$3,254$2,800$2,403$1,513
15 years$4,025$3,446$2,938$2,497$2,116$1,280
16 years$3,735$3,161$2,664$2,236$1,870$1,086
17 years$3,479$2,911$2,424$2,009$1,658$924
18 years$3,251$2,690$2,213$1,810$1,474$788
19 years$3,048$2,493$2,026$1,636$1,314$673
20 years$2,865$2,317$1,859$1,482$1,174$575
21 years$2,700$2,158$1,710$1,345$1,050$493
22 years$2,550$2,015$1,576$1,223$941$422
23 years$2,413$1,884$1,455$1,113$845$362
24 years$2,288$1,765$1,346$1,015$760$311
25 years$2,173$1,657$1,247$927$684$267
26 years$2,067$1,557$1,156$848$616$230
27 years$1,970$1,465$1,074$776$555$198
28 years$1,879$1,381$998$711$501$170
29 years$1,795$1,303$929$652$452$147
30 years$1,716$1,230$865$598$409$126
31 years$1,643$1,163$806$550$369$109
32 years$1,574$1,100$752$505$334$94
33 years$1,510$1,042$703$465$302$81
34 years$1,449$988$656$427$274$70
35 years$1,392$937$614$393$248$60
36 years$1,339$889$574$362$225$52
37 years$1,288$844$537$334$204$45
38 years$1,241$803$503$308$185$38
39 years$1,195$763$471$284$167$33
40 years$1,153$726$442$262$152$29
41 years$1,112$691$414$241$138$25
42 years$1,073$658$389$223$125$21
43 years$1,037$627$365$206$113$18
44 years$1,002$598$342$190$103$16
45 years$968$570$321$175$94$14
46 years$937$544$302$162$85$12
47 years$906$519$284$150$77$10
48 years$877$495$267$138$70$9
49 years$850$473$251$128$64$8
50 years$823$452$236$118$58$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $843,000, adding $4,674 every year, while hoping to spend $36,543 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: 45/39/16 Blend
52$843,000$843,000$843,000$843,000
53$933,807$889,128$876,062$971,353
54$990,174$893,814$866,528$1,002,721
55$1,051,066$897,505$855,451$1,032,681
56$1,116,905$900,113$842,739$1,064,385
57$1,188,156$901,546$828,298$1,098,008
58$1,265,331$901,704$812,029$1,133,749
59$1,348,992$900,485$793,828$1,171,825
60$1,439,755$897,775$773,588$1,212,479
61$1,538,301$893,457$751,194$1,255,983
62$1,645,377$887,405$726,529$1,302,634
63$1,761,806$879,488$699,467$1,352,768
64$1,888,490$869,563$669,880$1,406,752
65$2,026,427$857,483$637,631$1,464,997
66$2,176,710$843,087$602,580$1,527,958
67$2,340,545$826,209$564,577$1,596,140
68$2,519,259$806,671$523,468$1,670,102
69$2,714,310$784,285$479,091$1,750,465
70$2,927,307$758,852$431,278$1,837,915
71$3,160,017$730,161$379,851$1,933,216
72$3,414,389$697,989$324,626$2,037,211
73$3,692,566$662,100$265,410$2,150,836
74$3,996,910$622,244$202,003$2,275,125
75$4,330,019$578,159$134,195$2,411,225
76$4,694,756$529,564$61,766$2,560,406
77$5,094,274$476,165$0$2,724,073
78$5,532,042$417,650$0$2,906,430
79$6,011,885$353,689$0$3,117,972
80$6,538,012$283,935$0$3,350,089
81$7,115,062$208,020$0$3,604,929
82$7,748,140$125,555$0$3,884,867
83$8,442,874$36,131$0$4,192,524
84$9,205,460$0$0$4,530,796
85$10,042,725$0$0$4,928,924
86$10,962,187$0$0$5,383,271
87$11,972,130$0$0$5,882,436
88$13,081,679$0$0$6,430,943
89$14,300,886$0$0$7,033,776
90$15,640,826$0$0$7,696,424
91$17,113,700$0$0$8,424,936
92$18,732,948$0$0$9,225,976
93$20,513,379$0$0$10,106,885
94$22,471,308$0$0$11,075,753
95$24,624,712$0$0$12,141,492
96$26,993,395$0$0$13,313,919
97$29,599,178$0$0$14,603,856
98$32,466,104$0$0$16,023,221
99$35,620,661$0$0$17,585,150
100$39,092,039$0$0$19,304,113