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%14.1%
1 years$69,614$68,994$68,389$67,799$67,222$66,081
2 years$34,462$33,821$33,199$32,595$32,010$30,865
3 years$22,747$22,102$21,482$20,884$20,309$19,194
4 years$16,890$16,247$15,633$15,046$14,484$13,408
5 years$13,377$12,738$12,132$11,557$11,011$9,977
6 years$11,036$10,402$9,804$9,242$8,712$7,722
7 years$9,364$8,735$8,148$7,598$7,086$6,139
8 years$8,111$7,488$6,910$6,374$5,878$4,975
9 years$7,137$6,519$5,951$5,429$4,950$4,091
10 years$6,358$5,747$5,189$4,680$4,218$3,401
11 years$5,721$5,116$4,568$4,073$3,628$2,852
12 years$5,190$4,592$4,054$3,573$3,144$2,408
13 years$4,742$4,150$3,622$3,154$2,741$2,045
14 years$4,358$3,772$3,254$2,800$2,403$1,745
15 years$4,025$3,446$2,938$2,497$2,116$1,495
16 years$3,735$3,161$2,664$2,236$1,870$1,285
17 years$3,479$2,911$2,424$2,009$1,658$1,107
18 years$3,251$2,690$2,213$1,810$1,474$956
19 years$3,048$2,493$2,026$1,636$1,314$828
20 years$2,865$2,317$1,859$1,482$1,174$717
21 years$2,700$2,158$1,710$1,345$1,050$623
22 years$2,550$2,015$1,576$1,223$941$541
23 years$2,413$1,884$1,455$1,113$845$471
24 years$2,288$1,765$1,346$1,015$760$410
25 years$2,173$1,657$1,247$927$684$358
26 years$2,067$1,557$1,156$848$616$312
27 years$1,970$1,465$1,074$776$555$272
28 years$1,879$1,381$998$711$501$238
29 years$1,795$1,303$929$652$452$208
30 years$1,716$1,230$865$598$409$182
31 years$1,643$1,163$806$550$369$159
32 years$1,574$1,100$752$505$334$139
33 years$1,510$1,042$703$465$302$121
34 years$1,449$988$656$427$274$106
35 years$1,392$937$614$393$248$93
36 years$1,339$889$574$362$225$81
37 years$1,288$844$537$334$204$71
38 years$1,241$803$503$308$185$62
39 years$1,195$763$471$284$167$55
40 years$1,153$726$442$262$152$48
41 years$1,112$691$414$241$138$42
42 years$1,073$658$389$223$125$37
43 years$1,037$627$365$206$113$32
44 years$1,002$598$342$190$103$28
45 years$968$570$321$175$94$25
46 years$937$544$302$162$85$22
47 years$906$519$284$150$77$19
48 years$877$495$267$138$70$17
49 years$850$473$251$128$64$15
50 years$823$452$236$118$58$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $843,000, adding $2,418 every year, while hoping to spend $58,410 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: 49/45/6 Blend
52$843,000$843,000$843,000$843,000
53$931,480$886,801$873,735$975,591
54$964,343$868,107$840,857$987,259
55$998,601$846,538$804,920$993,492
56$1,034,333$821,894$765,760$998,875
57$1,071,628$793,959$723,206$1,003,342
58$1,110,578$762,507$677,077$1,006,826
59$1,151,284$727,297$627,186$1,009,256
60$1,193,857$688,076$573,339$1,010,560
61$1,238,413$644,576$515,329$1,010,663
62$1,285,083$596,511$452,944$1,009,486
63$1,334,003$543,582$385,959$1,006,949
64$1,385,326$485,472$314,143$1,002,970
65$1,439,214$421,845$237,252$997,463
66$1,495,845$352,346$155,031$990,341
67$1,555,412$276,602$67,215$981,516
68$1,618,125$194,217$0$970,897
69$1,684,213$104,772$0$960,089
70$1,753,924$7,828$0$952,007
71$1,827,531$0$0$942,269
72$1,905,328$0$0$978,876
73$1,987,640$0$0$1,021,749
74$2,074,818$0$0$1,067,200
75$2,167,249$0$0$1,115,436
76$2,265,353$0$0$1,166,683
77$2,369,590$0$0$1,221,187
78$2,480,464$0$0$1,279,219
79$2,598,526$0$0$1,341,075
80$2,724,380$0$0$1,407,078
81$2,858,687$0$0$1,477,584
82$3,002,170$0$0$1,552,981
83$3,155,623$0$0$1,633,697
84$3,319,916$0$0$1,720,198
85$3,496,003$0$0$1,812,998
86$3,684,931$0$0$1,912,660
87$3,887,848$0$0$2,019,801
88$4,106,014$0$0$2,135,101
89$4,340,815$0$0$2,259,303
90$4,593,768$0$0$2,393,227
91$4,866,544$0$0$2,537,770
92$5,160,976$0$0$2,693,920
93$5,479,078$0$0$2,862,762
94$5,823,064$0$0$3,045,489
95$6,195,369$0$0$3,243,413
96$6,598,666$0$0$3,457,973
97$7,035,898$0$0$3,690,757
98$7,510,299$0$0$3,943,507
99$8,025,426$0$0$4,218,140
100$8,585,192$0$0$4,516,766