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%16.3%
1 years$69,697$69,076$68,470$67,879$67,302$65,568
2 years$34,503$33,861$33,238$32,634$32,048$30,314
3 years$22,774$22,128$21,507$20,909$20,333$18,651
4 years$16,910$16,267$15,652$15,064$14,502$12,885
5 years$13,393$12,753$12,146$11,570$11,024$9,478
6 years$11,049$10,414$9,816$9,253$8,723$7,249
7 years$9,375$8,746$8,157$7,607$7,094$5,692
8 years$8,120$7,497$6,918$6,382$5,885$4,554
9 years$7,145$6,527$5,958$5,436$4,956$3,695
10 years$6,365$5,753$5,195$4,686$4,223$3,030
11 years$5,728$5,122$4,573$4,078$3,632$2,506
12 years$5,197$4,597$4,059$3,577$3,147$2,086
13 years$4,748$4,154$3,626$3,158$2,744$1,746
14 years$4,363$3,776$3,258$2,803$2,406$1,468
15 years$4,030$3,450$2,942$2,500$2,118$1,238
16 years$3,739$3,165$2,667$2,238$1,872$1,048
17 years$3,483$2,915$2,427$2,011$1,660$889
18 years$3,255$2,693$2,215$1,813$1,476$755
19 years$3,051$2,496$2,028$1,638$1,316$643
20 years$2,868$2,320$1,861$1,483$1,175$548
21 years$2,703$2,161$1,712$1,346$1,052$468
22 years$2,553$2,017$1,578$1,224$943$400
23 years$2,416$1,886$1,457$1,115$846$342
24 years$2,291$1,767$1,347$1,017$760$293
25 years$2,176$1,659$1,248$929$684$251
26 years$2,070$1,559$1,157$849$616$215
27 years$1,972$1,467$1,075$777$556$184
28 years$1,881$1,382$999$712$501$158
29 years$1,797$1,304$930$653$453$136
30 years$1,718$1,232$866$599$409$116
31 years$1,645$1,164$807$550$370$100
32 years$1,576$1,102$753$506$335$86
33 years$1,511$1,043$703$465$303$74
34 years$1,451$989$657$428$274$63
35 years$1,394$938$614$394$248$54
36 years$1,340$890$575$363$225$47
37 years$1,290$845$538$334$204$40
38 years$1,242$803$504$308$185$35
39 years$1,197$764$472$284$168$30
40 years$1,154$727$442$262$152$26
41 years$1,113$692$415$242$138$22
42 years$1,075$659$389$223$125$19
43 years$1,038$628$365$206$114$16
44 years$1,003$599$343$190$103$14
45 years$969$571$322$176$94$12
46 years$938$544$302$162$85$10
47 years$907$520$284$150$77$9
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 $6,441 every year, while hoping to spend $24,471 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: 69/17/14 Blend
52$844,000$844,000$844,000$844,000
53$936,732$892,000$878,918$997,959
54$1,006,242$909,671$882,325$1,057,183
55$1,082,021$927,388$885,025$1,118,422
56$1,164,684$945,127$886,971$1,184,793
57$1,254,906$962,862$888,108$1,256,796
58$1,353,431$980,566$888,384$1,334,985
59$1,461,076$998,210$887,741$1,419,967
60$1,578,744$1,015,760$886,118$1,512,414
61$1,707,426$1,033,182$883,453$1,613,064
62$1,848,214$1,050,439$879,679$1,722,734
63$2,002,312$1,067,490$874,728$1,842,318
64$2,171,043$1,084,293$868,527$1,972,808
65$2,355,867$1,100,800$861,000$2,115,292
66$2,558,389$1,116,963$852,067$2,270,972
67$2,780,378$1,132,728$841,645$2,441,171
68$3,023,783$1,148,038$829,646$2,627,347
69$3,290,748$1,162,832$815,980$2,831,109
70$3,583,639$1,177,044$800,549$3,054,228
71$3,905,057$1,190,607$783,254$3,298,656
72$4,257,870$1,203,444$763,991$3,566,546
73$4,645,237$1,215,477$742,649$3,860,270
74$5,070,637$1,226,620$719,113$4,182,440
75$5,537,902$1,236,785$693,264$4,535,939
76$6,051,256$1,245,875$664,975$4,923,942
77$6,615,348$1,253,788$634,117$5,349,949
78$7,235,305$1,260,415$600,551$5,817,816
79$7,916,771$1,265,639$564,134$6,331,795
80$8,665,965$1,269,339$524,716$6,896,572
81$9,489,740$1,271,384$482,141$7,517,312
82$10,395,645$1,271,633$436,244$8,199,706
83$11,391,999$1,269,941$386,856$8,950,028
84$12,487,964$1,266,149$333,797$9,775,193
85$13,693,638$1,260,092$276,880$10,682,822
86$15,020,145$1,251,593$215,913$11,681,313
87$16,479,744$1,240,465$150,690$12,779,926
88$18,085,940$1,226,510$80,999$13,988,863
89$19,853,613$1,209,516$6,620$15,319,370
90$21,799,160$1,189,261$0$16,783,842
91$23,940,648$1,165,509$0$18,406,808
92$26,297,985$1,138,009$0$20,194,217
93$28,893,104$1,106,496$0$22,161,711
94$31,750,176$1,070,690$0$24,327,618
95$34,895,834$1,030,294$0$26,712,136
96$38,359,424$984,993$0$29,337,522
97$42,173,283$934,456$0$32,228,307
98$46,373,044$878,329$0$35,411,521
99$50,997,969$816,243$0$38,916,953
100$56,091,326$747,802$0$42,777,432