Can I retire at age 53 with 843,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.7%
1 years$69,614$68,994$68,389$67,799$67,222$64,863
2 years$34,462$33,821$33,199$32,595$32,010$29,658
3 years$22,747$22,102$21,482$20,884$20,309$18,038
4 years$16,890$16,247$15,633$15,046$14,484$12,312
5 years$13,377$12,738$12,132$11,557$11,011$8,942
6 years$11,036$10,402$9,804$9,242$8,712$6,749
7 years$9,364$8,735$8,148$7,598$7,086$5,228
8 years$8,111$7,488$6,910$6,374$5,878$4,124
9 years$7,137$6,519$5,951$5,429$4,950$3,298
10 years$6,358$5,747$5,189$4,680$4,218$2,664
11 years$5,721$5,116$4,568$4,073$3,628$2,169
12 years$5,190$4,592$4,054$3,573$3,144$1,778
13 years$4,742$4,150$3,622$3,154$2,741$1,464
14 years$4,358$3,772$3,254$2,800$2,403$1,210
15 years$4,025$3,446$2,938$2,497$2,116$1,004
16 years$3,735$3,161$2,664$2,236$1,870$835
17 years$3,479$2,911$2,424$2,009$1,658$696
18 years$3,251$2,690$2,213$1,810$1,474$581
19 years$3,048$2,493$2,026$1,636$1,314$486
20 years$2,865$2,317$1,859$1,482$1,174$407
21 years$2,700$2,158$1,710$1,345$1,050$341
22 years$2,550$2,015$1,576$1,223$941$286
23 years$2,413$1,884$1,455$1,113$845$240
24 years$2,288$1,765$1,346$1,015$760$201
25 years$2,173$1,657$1,247$927$684$169
26 years$2,067$1,557$1,156$848$616$142
27 years$1,970$1,465$1,074$776$555$120
28 years$1,879$1,381$998$711$501$101
29 years$1,795$1,303$929$652$452$85
30 years$1,716$1,230$865$598$409$71
31 years$1,643$1,163$806$550$369$60
32 years$1,574$1,100$752$505$334$50
33 years$1,510$1,042$703$465$302$43
34 years$1,449$988$656$427$274$36
35 years$1,392$937$614$393$248$30
36 years$1,339$889$574$362$225$25
37 years$1,288$844$537$334$204$21
38 years$1,241$803$503$308$185$18
39 years$1,195$763$471$284$167$15
40 years$1,153$726$442$262$152$13
41 years$1,112$691$414$241$138$11
42 years$1,073$658$389$223$125$9
43 years$1,037$627$365$206$113$8
44 years$1,002$598$342$190$103$6
45 years$968$570$321$175$94$5
46 years$937$544$302$162$85$5
47 years$906$519$284$150$77$4
48 years$877$495$267$138$70$3
49 years$850$473$251$128$64$3
50 years$823$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $843,000, adding $4,244 every year, while hoping to spend $42,950 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: 28/46/26 Blend
52$843,000$843,000$843,000$843,000
53$933,364$888,685$875,618$951,850
54$982,868$886,532$859,253$964,684
55$1,035,983$882,834$840,900$974,443
56$1,093,030$877,470$820,447$984,050
57$1,154,365$870,311$797,778$993,522
58$1,220,376$861,222$772,769$1,002,878
59$1,291,490$850,058$745,293$1,012,149
60$1,368,177$836,666$715,215$1,021,368
61$1,450,953$820,884$682,396$1,030,578
62$1,540,383$802,540$646,689$1,039,833
63$1,637,089$781,452$607,941$1,049,196
64$1,741,757$757,428$565,992$1,058,741
65$1,855,139$730,264$520,674$1,068,558
66$1,978,060$699,744$471,814$1,078,752
67$2,111,430$665,640$419,229$1,089,443
68$2,256,251$627,711$362,727$1,100,772
69$2,413,620$585,701$302,110$1,112,903
70$2,584,749$539,340$237,171$1,126,023
71$2,770,969$488,343$167,692$1,140,347
72$2,973,745$432,409$93,446$1,156,120
73$3,194,688$371,218$14,197$1,173,622
74$3,435,572$304,433$0$1,193,173
75$3,698,349$231,700$0$1,234,657
76$3,985,169$152,641$0$1,284,432
77$4,298,397$66,861$0$1,339,094
78$4,640,636$0$0$1,399,244
79$5,014,753$0$0$1,478,742
80$5,423,905$0$0$1,602,829
81$5,871,565$0$0$1,738,730
82$6,361,562$0$0$1,887,624
83$6,898,108$0$0$2,050,808
84$7,485,843$0$0$2,229,713
85$8,129,877$0$0$2,425,912
86$8,835,837$0$0$2,641,140
87$9,609,922$0$0$2,877,307
88$10,458,958$0$0$3,136,515
89$11,390,463$0$0$3,421,084
90$12,412,720$0$0$3,733,564
91$13,534,850$0$0$4,076,769
92$14,766,903$0$0$4,453,795
93$16,119,947$0$0$4,868,056
94$17,606,177$0$0$5,323,311
95$19,239,024$0$0$5,823,701
96$21,033,289$0$0$6,373,789
97$23,005,273$0$0$6,978,603
98$25,172,936$0$0$7,643,680
99$27,556,067$0$0$8,375,123
100$30,176,465$0$0$9,179,655