Can I retire at age 53 with 844,000?

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 $844,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$69,697$69,076$68,470$67,879$67,302$65,648
2 years$34,503$33,861$33,238$32,634$32,048$30,393
3 years$22,774$22,128$21,507$20,909$20,333$18,727
4 years$16,910$16,267$15,652$15,064$14,502$12,957
5 years$13,393$12,753$12,146$11,570$11,024$9,546
6 years$11,049$10,414$9,816$9,253$8,723$7,313
7 years$9,375$8,746$8,157$7,607$7,094$5,752
8 years$8,120$7,497$6,918$6,382$5,885$4,610
9 years$7,145$6,527$5,958$5,436$4,956$3,747
10 years$6,365$5,753$5,195$4,686$4,223$3,079
11 years$5,728$5,122$4,573$4,078$3,632$2,551
12 years$5,197$4,597$4,059$3,577$3,147$2,128
13 years$4,748$4,154$3,626$3,158$2,744$1,785
14 years$4,363$3,776$3,258$2,803$2,406$1,503
15 years$4,030$3,450$2,942$2,500$2,118$1,271
16 years$3,739$3,165$2,667$2,238$1,872$1,078
17 years$3,483$2,915$2,427$2,011$1,660$916
18 years$3,255$2,693$2,215$1,813$1,476$780
19 years$3,051$2,496$2,028$1,638$1,316$666
20 years$2,868$2,320$1,861$1,483$1,175$569
21 years$2,703$2,161$1,712$1,346$1,052$487
22 years$2,553$2,017$1,578$1,224$943$417
23 years$2,416$1,886$1,457$1,115$846$358
24 years$2,291$1,767$1,347$1,017$760$307
25 years$2,176$1,659$1,248$929$684$263
26 years$2,070$1,559$1,157$849$616$226
27 years$1,972$1,467$1,075$777$556$195
28 years$1,881$1,382$999$712$501$167
29 years$1,797$1,304$930$653$453$144
30 years$1,718$1,232$866$599$409$124
31 years$1,645$1,164$807$550$370$107
32 years$1,576$1,102$753$506$335$92
33 years$1,511$1,043$703$465$303$79
34 years$1,451$989$657$428$274$68
35 years$1,394$938$614$394$248$59
36 years$1,340$890$575$363$225$50
37 years$1,290$845$538$334$204$43
38 years$1,242$803$504$308$185$37
39 years$1,197$764$472$284$168$32
40 years$1,154$727$442$262$152$28
41 years$1,113$692$415$242$138$24
42 years$1,075$659$389$223$125$21
43 years$1,038$628$365$206$114$18
44 years$1,003$599$343$190$103$15
45 years$969$571$322$176$94$13
46 years$938$544$302$162$85$11
47 years$907$520$284$150$77$10
48 years$878$496$267$138$70$8
49 years$851$474$251$128$64$7
50 years$824$452$236$118$58$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $844,000, adding $3,921 every year, while hoping to spend $20,886 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: 61/22/17 Blend
52$844,000$844,000$844,000$844,000
53$934,133$889,401$876,319$986,845
54$1,007,191$910,759$883,453$1,044,206
55$1,087,002$932,463$890,126$1,104,093
56$1,174,232$954,509$896,300$1,168,960
57$1,269,614$976,891$901,937$1,239,292
58$1,373,957$999,601$906,994$1,315,624
59$1,488,151$1,022,631$911,428$1,398,543
60$1,613,175$1,045,972$915,194$1,488,699
61$1,750,108$1,069,614$918,242$1,586,806
62$1,900,138$1,093,545$920,522$1,693,652
63$2,064,575$1,117,751$921,982$1,810,102
64$2,244,858$1,142,218$922,566$1,937,114
65$2,442,576$1,166,929$922,214$2,075,741
66$2,659,477$1,191,866$920,866$2,227,141
67$2,897,486$1,217,010$918,457$2,392,595
68$3,158,724$1,242,338$914,920$2,573,511
69$3,445,527$1,267,826$910,184$2,771,441
70$3,760,470$1,293,449$904,174$2,988,097
71$4,106,388$1,319,178$896,814$3,225,365
72$4,486,403$1,344,981$888,020$3,485,322
73$4,903,956$1,370,825$877,709$3,770,258
74$5,362,838$1,396,674$865,791$4,082,698
75$5,867,224$1,422,487$852,171$4,425,424
76$6,421,715$1,448,223$836,753$4,801,500
77$7,031,379$1,473,835$819,434$5,214,305
78$7,701,800$1,499,274$800,105$5,667,562
79$8,439,131$1,524,485$778,656$6,165,377
80$9,250,149$1,549,412$754,968$6,712,270
81$10,142,324$1,573,992$728,918$7,313,226
82$11,123,883$1,598,160$700,379$7,973,740
83$12,203,893$1,621,843$669,215$8,699,866
84$13,392,343$1,644,967$635,287$9,498,277
85$14,700,240$1,667,448$598,447$10,376,327
86$16,139,711$1,689,200$558,542$11,342,122
87$17,724,121$1,710,130$515,412$12,404,594
88$19,468,192$1,730,137$468,889$13,573,590
89$21,388,149$1,749,115$418,798$14,859,961
90$23,501,869$1,766,951$364,957$16,275,665
91$25,829,050$1,783,522$307,174$17,833,883
92$28,391,398$1,798,700$245,250$19,549,142
93$31,212,832$1,812,347$178,976$21,437,450
94$34,319,705$1,824,316$108,136$23,516,453
95$37,741,059$1,834,452$32,503$25,805,597
96$41,508,894$1,842,587$0$28,326,313
97$45,658,474$1,848,546$0$31,110,967
98$50,228,654$1,852,141$0$34,183,705
99$55,262,252$1,853,172$0$37,567,363
100$60,806,452$1,851,427$0$41,293,608