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%19.7%
1 years$69,697$69,076$68,470$67,879$67,302$64,683
2 years$34,503$33,861$33,238$32,634$32,048$29,441
3 years$22,774$22,128$21,507$20,909$20,333$17,820
4 years$16,910$16,267$15,652$15,064$14,502$12,102
5 years$13,393$12,753$12,146$11,570$11,024$8,743
6 years$11,049$10,414$9,816$9,253$8,723$6,563
7 years$9,375$8,746$8,157$7,607$7,094$5,055
8 years$8,120$7,497$6,918$6,382$5,885$3,964
9 years$7,145$6,527$5,958$5,436$4,956$3,150
10 years$6,365$5,753$5,195$4,686$4,223$2,529
11 years$5,728$5,122$4,573$4,078$3,632$2,046
12 years$5,197$4,597$4,059$3,577$3,147$1,665
13 years$4,748$4,154$3,626$3,158$2,744$1,362
14 years$4,363$3,776$3,258$2,803$2,406$1,118
15 years$4,030$3,450$2,942$2,500$2,118$921
16 years$3,739$3,165$2,667$2,238$1,872$760
17 years$3,483$2,915$2,427$2,011$1,660$629
18 years$3,255$2,693$2,215$1,813$1,476$521
19 years$3,051$2,496$2,028$1,638$1,316$432
20 years$2,868$2,320$1,861$1,483$1,175$359
21 years$2,703$2,161$1,712$1,346$1,052$299
22 years$2,553$2,017$1,578$1,224$943$249
23 years$2,416$1,886$1,457$1,115$846$207
24 years$2,291$1,767$1,347$1,017$760$173
25 years$2,176$1,659$1,248$929$684$144
26 years$2,070$1,559$1,157$849$616$120
27 years$1,972$1,467$1,075$777$556$100
28 years$1,881$1,382$999$712$501$83
29 years$1,797$1,304$930$653$453$70
30 years$1,718$1,232$866$599$409$58
31 years$1,645$1,164$807$550$370$49
32 years$1,576$1,102$753$506$335$41
33 years$1,511$1,043$703$465$303$34
34 years$1,451$989$657$428$274$28
35 years$1,394$938$614$394$248$24
36 years$1,340$890$575$363$225$20
37 years$1,290$845$538$334$204$16
38 years$1,242$803$504$308$185$14
39 years$1,197$764$472$284$168$11
40 years$1,154$727$442$262$152$10
41 years$1,113$692$415$242$138$8
42 years$1,075$659$389$223$125$7
43 years$1,038$628$365$206$114$6
44 years$1,003$599$343$190$103$5
45 years$969$571$322$176$94$4
46 years$938$544$302$162$85$3
47 years$907$520$284$150$77$3
48 years$878$496$267$138$70$2
49 years$851$474$251$128$64$2
50 years$824$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 $844,000, adding $5,936 every year, while hoping to spend $20,519 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: 64/29/7 Blend
52$844,000$844,000$844,000$844,000
53$936,211$891,479$878,397$994,534
54$1,009,872$913,329$885,991$1,055,970
55$1,090,360$935,563$893,152$1,120,074
56$1,178,347$958,176$899,844$1,189,552
57$1,274,578$981,166$906,028$1,264,922
58$1,379,869$1,004,527$911,664$1,346,758
59$1,495,122$1,028,255$916,710$1,435,691
60$1,621,327$1,052,342$921,123$1,532,413
61$1,759,576$1,076,782$924,855$1,637,690
62$1,911,073$1,101,564$927,858$1,752,364
63$2,077,141$1,126,679$930,079$1,877,362
64$2,259,239$1,152,116$931,466$2,013,705
65$2,458,973$1,177,861$931,962$2,162,518
66$2,678,113$1,203,901$931,507$2,325,040
67$2,918,607$1,230,218$930,039$2,502,637
68$3,182,602$1,256,796$927,493$2,696,813
69$3,472,463$1,283,615$923,800$2,909,225
70$3,790,795$1,310,653$918,888$3,141,697
71$4,140,467$1,337,886$912,682$3,396,242
72$4,524,641$1,365,288$905,102$3,675,075
73$4,946,798$1,392,832$896,067$3,980,638
74$5,410,776$1,420,485$885,490$4,315,621
75$5,920,801$1,448,214$873,280$4,682,988
76$6,481,529$1,475,983$859,341$5,086,006
77$7,098,091$1,503,752$843,575$5,528,273
78$7,776,139$1,531,479$825,877$6,013,756
79$8,521,900$1,559,116$806,139$6,546,824
80$9,342,236$1,586,614$784,246$7,132,294
81$10,244,705$1,613,920$760,080$7,775,472
82$11,237,637$1,640,974$733,515$8,482,205
83$12,330,210$1,667,716$704,421$9,258,939
84$13,532,534$1,694,077$672,662$10,112,775
85$14,855,752$1,719,986$638,096$11,051,538
86$16,312,140$1,745,366$600,573$12,083,852
87$17,915,223$1,770,134$559,937$13,219,222
88$19,679,908$1,794,202$516,027$14,468,120
89$21,622,616$1,817,476$468,671$15,842,089
90$23,761,444$1,839,854$417,693$17,353,848
91$26,116,332$1,861,227$362,907$19,017,414
92$28,709,252$1,881,482$304,119$20,848,234
93$31,564,416$1,900,494$241,126$22,863,333
94$34,708,500$1,918,133$173,718$25,081,471
95$38,170,904$1,934,258$101,675$27,523,323
96$41,984,020$1,948,720$24,765$30,211,674
97$46,183,544$1,961,362$0$33,171,634
98$50,808,810$1,972,013$0$36,435,155
99$55,903,161$1,980,494$0$40,030,704
100$61,514,360$1,986,614$0$43,990,058