Can I retire at age 53 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$69,862$69,240$68,632$68,040$67,461$65,354
2 years$34,585$33,941$33,317$32,711$32,124$30,020
3 years$22,828$22,181$21,558$20,959$20,381$18,346
4 years$16,950$16,305$15,689$15,099$14,536$12,585
5 years$13,425$12,784$12,175$11,598$11,050$9,189
6 years$11,075$10,439$9,839$9,275$8,743$6,974
7 years$9,397$8,766$8,177$7,625$7,111$5,433
8 years$8,140$7,514$6,934$6,397$5,899$4,311
9 years$7,162$6,543$5,973$5,449$4,968$3,469
10 years$6,380$5,767$5,207$4,697$4,233$2,820
11 years$5,741$5,134$4,584$4,088$3,640$2,311
12 years$5,209$4,608$4,068$3,585$3,155$1,906
13 years$4,759$4,164$3,635$3,165$2,751$1,580
14 years$4,373$3,785$3,266$2,810$2,411$1,316
15 years$4,040$3,458$2,949$2,506$2,123$1,099
16 years$3,748$3,173$2,673$2,244$1,877$921
17 years$3,491$2,922$2,433$2,016$1,664$773
18 years$3,263$2,700$2,221$1,817$1,479$650
19 years$3,059$2,502$2,033$1,642$1,319$548
20 years$2,875$2,325$1,866$1,487$1,178$462
21 years$2,710$2,166$1,716$1,349$1,054$390
22 years$2,559$2,022$1,582$1,227$945$330
23 years$2,422$1,891$1,460$1,117$848$279
24 years$2,296$1,772$1,351$1,019$762$236
25 years$2,181$1,663$1,251$931$686$200
26 years$2,075$1,563$1,160$851$618$170
27 years$1,977$1,471$1,077$779$557$144
28 years$1,886$1,386$1,002$714$503$122
29 years$1,801$1,307$932$654$454$103
30 years$1,722$1,235$868$601$410$88
31 years$1,648$1,167$809$552$371$74
32 years$1,580$1,104$755$507$335$63
33 years$1,515$1,046$705$466$304$54
34 years$1,454$991$659$429$275$46
35 years$1,397$940$616$395$249$39
36 years$1,344$892$576$364$226$33
37 years$1,293$847$539$335$204$28
38 years$1,245$805$505$309$185$24
39 years$1,200$766$473$285$168$20
40 years$1,157$729$443$263$152$17
41 years$1,116$694$416$242$138$15
42 years$1,077$661$390$224$125$12
43 years$1,040$629$366$206$114$10
44 years$1,005$600$344$191$103$9
45 years$972$572$323$176$94$8
46 years$940$546$303$163$85$6
47 years$909$521$285$150$77$5
48 years$880$497$268$139$70$5
49 years$853$475$251$128$64$4
50 years$826$454$236$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $846,000, adding $3,512 every year, while hoping to spend $48,910 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: 50/41/9 Blend
52$846,000$846,000$846,000$846,000
53$935,915$891,077$877,964$980,327
54$979,338$882,700$855,336$1,002,671
55$1,025,551$872,273$830,310$1,021,444
56$1,074,788$859,644$802,756$1,040,704
57$1,127,302$844,652$772,534$1,060,510
58$1,183,373$827,127$739,500$1,080,928
59$1,243,308$806,887$703,505$1,102,037
60$1,307,443$783,742$664,389$1,123,924
61$1,376,144$757,487$621,988$1,146,689
62$1,449,816$727,910$576,130$1,170,446
63$1,528,902$694,782$526,635$1,195,327
64$1,613,888$657,864$473,315$1,221,477
65$1,705,306$616,901$415,973$1,249,063
66$1,803,744$571,626$354,405$1,278,274
67$1,909,844$521,754$288,396$1,309,322
68$2,024,313$466,984$217,722$1,342,447
69$2,147,928$407,001$142,150$1,377,918
70$2,281,540$341,468$61,436$1,416,039
71$2,426,089$270,032$0$1,457,152
72$2,582,604$192,318$0$1,504,009
73$2,752,220$107,931$0$1,561,119
74$2,936,180$16,454$0$1,623,082
75$3,135,857$0$0$1,690,464
76$3,352,757$0$0$1,801,141
77$3,588,537$0$0$1,929,600
78$3,845,021$0$0$2,069,420
79$4,124,217$0$0$2,221,708
80$4,428,330$0$0$2,387,676
81$4,759,792$0$0$2,568,663
82$5,121,276$0$0$2,766,140
83$5,515,724$0$0$2,981,727
84$5,946,377$0$0$3,217,208
85$6,416,800$0$0$3,474,544
86$6,930,918$0$0$3,755,899
87$7,493,055$0$0$4,063,650
88$8,107,967$0$0$4,400,419
89$8,780,895$0$0$4,769,089
90$9,517,608$0$0$5,172,839
91$10,324,459$0$0$5,615,166
92$11,208,445$0$0$6,099,923
93$12,177,270$0$0$6,631,354
94$13,239,421$0$0$7,214,132
95$14,404,244$0$0$7,853,404
96$15,682,031$0$0$8,554,841
97$17,084,123$0$0$9,324,685
98$18,623,008$0$0$10,169,818
99$20,312,442$0$0$11,097,815
100$22,167,581$0$0$12,117,025