Can I retire at age 53 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$69,779$69,158$68,551$67,959$67,381$65,329
2 years$34,544$33,901$33,277$32,673$32,086$30,036
3 years$22,801$22,155$21,533$20,934$20,357$18,373
4 years$16,930$16,286$15,670$15,082$14,519$12,617
5 years$13,409$12,768$12,161$11,584$11,037$9,222
6 years$11,062$10,426$9,828$9,264$8,733$7,007
7 years$9,386$8,756$8,167$7,616$7,102$5,464
8 years$8,130$7,506$6,926$6,389$5,892$4,342
9 years$7,153$6,535$5,965$5,442$4,962$3,497
10 years$6,373$5,760$5,201$4,691$4,228$2,847
11 years$5,734$5,128$4,579$4,083$3,636$2,336
12 years$5,203$4,603$4,064$3,581$3,151$1,929
13 years$4,753$4,159$3,630$3,162$2,748$1,602
14 years$4,368$3,781$3,262$2,807$2,409$1,335
15 years$4,035$3,454$2,945$2,503$2,121$1,117
16 years$3,744$3,169$2,670$2,241$1,874$937
17 years$3,487$2,918$2,430$2,014$1,662$788
18 years$3,259$2,697$2,218$1,815$1,478$664
19 years$3,055$2,499$2,031$1,640$1,317$560
20 years$2,872$2,322$1,864$1,485$1,176$473
21 years$2,706$2,163$1,714$1,348$1,053$400
22 years$2,556$2,019$1,580$1,225$944$339
23 years$2,419$1,889$1,459$1,116$847$287
24 years$2,294$1,770$1,349$1,018$761$243
25 years$2,179$1,661$1,249$930$685$207
26 years$2,072$1,561$1,159$850$617$175
27 years$1,974$1,469$1,076$778$556$149
28 years$1,883$1,384$1,000$713$502$126
29 years$1,799$1,306$931$654$453$107
30 years$1,720$1,233$867$600$410$91
31 years$1,647$1,166$808$551$370$78
32 years$1,578$1,103$754$506$335$66
33 years$1,513$1,045$704$466$303$56
34 years$1,453$990$658$428$274$48
35 years$1,396$939$615$394$249$41
36 years$1,342$891$575$363$225$35
37 years$1,291$846$539$335$204$29
38 years$1,244$804$504$308$185$25
39 years$1,198$765$473$284$168$21
40 years$1,155$728$443$262$152$18
41 years$1,115$693$415$242$138$15
42 years$1,076$660$390$223$125$13
43 years$1,039$629$366$206$114$11
44 years$1,004$599$343$190$103$9
45 years$971$571$322$176$94$8
46 years$939$545$303$162$85$7
47 years$908$520$284$150$77$6
48 years$879$497$267$139$70$5
49 years$852$474$251$128$64$4
50 years$825$453$236$118$58$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $845,000, adding $6,383 every year, while hoping to spend $37,450 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: 70/14/16 Blend
52$845,000$845,000$845,000$845,000
53$937,774$892,989$879,892$999,492
54$993,581$896,899$869,521$1,045,283
55$1,053,824$899,745$857,549$1,090,298
56$1,118,918$901,437$843,880$1,138,607
57$1,189,315$901,875$828,418$1,190,531
58$1,265,516$900,958$811,061$1,246,423
59$1,348,069$898,574$791,701$1,306,671
60$1,437,575$894,608$770,227$1,371,706
61$1,534,700$888,936$746,522$1,442,002
62$1,640,172$881,426$720,463$1,518,081
63$1,754,794$871,940$691,922$1,600,522
64$1,879,447$860,330$660,766$1,689,961
65$2,015,104$846,439$626,855$1,787,103
66$2,162,832$830,102$590,042$1,892,721
67$2,323,807$811,144$550,175$2,007,673
68$2,499,324$789,378$507,094$2,132,903
69$2,690,805$764,608$460,632$2,269,453
70$2,899,819$736,625$410,615$2,418,473
71$3,128,091$705,210$356,861$2,581,232
72$3,377,520$670,129$299,179$2,759,129
73$3,650,197$631,135$237,372$2,953,709
74$3,948,424$587,968$171,231$3,166,674
75$4,274,737$540,352$100,541$3,399,904
76$4,631,926$487,996$25,075$3,655,473
77$5,023,065$430,590$0$3,935,668
78$5,451,539$367,810$0$4,252,478
79$5,921,076$299,312$0$4,604,402
80$6,435,779$224,732$0$4,990,269
81$7,000,171$143,686$0$5,413,509
82$7,619,231$55,770$0$5,877,903
83$8,298,444$0$0$6,387,620
84$9,043,851$0$0$6,953,330
85$9,862,107$0$0$7,583,806
86$10,760,543$0$0$8,276,109
87$11,747,233$0$0$9,036,467
88$12,831,072$0$0$9,871,742
89$14,021,860$0$0$10,789,492
90$15,330,392$0$0$11,798,044
91$16,768,561$0$0$12,906,571
92$18,349,469$0$0$14,125,180
93$20,087,550$0$0$15,465,003
94$21,998,709$0$0$16,938,309
95$24,100,466$0$0$18,558,613
96$26,412,125$0$0$20,340,803
97$28,954,957$0$0$22,301,288
98$31,752,394$0$0$24,458,142
99$34,830,257$0$0$26,831,283
100$38,216,994$0$0$29,442,653