Can I retire at age 53 with 846,000?

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 $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%18.3%
1 years$69,862$69,240$68,632$68,040$67,461$65,197
2 years$34,585$33,941$33,317$32,711$32,124$29,866
3 years$22,828$22,181$21,558$20,959$20,381$18,199
4 years$16,950$16,305$15,689$15,099$14,536$12,447
5 years$13,425$12,784$12,175$11,598$11,050$9,059
6 years$11,075$10,439$9,839$9,275$8,743$6,853
7 years$9,397$8,766$8,177$7,625$7,111$5,320
8 years$8,140$7,514$6,934$6,397$5,899$4,207
9 years$7,162$6,543$5,973$5,449$4,968$3,372
10 years$6,380$5,767$5,207$4,697$4,233$2,731
11 years$5,741$5,134$4,584$4,088$3,640$2,230
12 years$5,209$4,608$4,068$3,585$3,155$1,832
13 years$4,759$4,164$3,635$3,165$2,751$1,513
14 years$4,373$3,785$3,266$2,810$2,411$1,254
15 years$4,040$3,458$2,949$2,506$2,123$1,043
16 years$3,748$3,173$2,673$2,244$1,877$870
17 years$3,491$2,922$2,433$2,016$1,664$727
18 years$3,263$2,700$2,221$1,817$1,479$609
19 years$3,059$2,502$2,033$1,642$1,319$511
20 years$2,875$2,325$1,866$1,487$1,178$429
21 years$2,710$2,166$1,716$1,349$1,054$361
22 years$2,559$2,022$1,582$1,227$945$303
23 years$2,422$1,891$1,460$1,117$848$255
24 years$2,296$1,772$1,351$1,019$762$215
25 years$2,181$1,663$1,251$931$686$181
26 years$2,075$1,563$1,160$851$618$153
27 years$1,977$1,471$1,077$779$557$129
28 years$1,886$1,386$1,002$714$503$109
29 years$1,801$1,307$932$654$454$92
30 years$1,722$1,235$868$601$410$78
31 years$1,648$1,167$809$552$371$66
32 years$1,580$1,104$755$507$335$55
33 years$1,515$1,046$705$466$304$47
34 years$1,454$991$659$429$275$40
35 years$1,397$940$616$395$249$33
36 years$1,344$892$576$364$226$28
37 years$1,293$847$539$335$204$24
38 years$1,245$805$505$309$185$20
39 years$1,200$766$473$285$168$17
40 years$1,157$729$443$263$152$14
41 years$1,116$694$416$242$138$12
42 years$1,077$661$390$224$125$10
43 years$1,040$629$366$206$114$9
44 years$1,005$600$344$191$103$7
45 years$972$572$323$176$94$6
46 years$940$546$303$163$85$5
47 years$909$521$285$150$77$4
48 years$880$497$268$139$70$4
49 years$853$475$251$128$64$3
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 $5,787 every year, while hoping to spend $51,209 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$846,000$846,000$846,000$846,000
53$938,261$893,423$880,310$999,634
54$979,478$882,715$855,315$1,030,490
55$1,023,182$869,766$827,765$1,057,569
56$1,069,574$854,412$797,523$1,085,879
57$1,118,872$836,479$764,441$1,115,532
58$1,171,315$815,784$728,367$1,146,655
59$1,227,163$792,132$689,142$1,179,390
60$1,286,704$765,317$646,599$1,213,893
61$1,350,251$735,120$600,563$1,250,339
62$1,418,147$701,312$550,852$1,288,922
63$1,490,769$663,647$497,277$1,329,858
64$1,568,530$621,868$439,638$1,373,384
65$1,651,881$575,701$377,727$1,419,767
66$1,741,321$524,858$311,329$1,469,302
67$1,837,393$469,033$240,215$1,522,317
68$1,940,696$407,904$164,151$1,579,174
69$2,051,886$341,131$82,890$1,640,276
70$2,171,685$268,353$0$1,706,071
71$2,300,884$189,189$0$1,777,626
72$2,440,353$103,239$0$1,868,170
73$2,591,049$10,078$0$1,965,959
74$2,754,022$0$0$2,071,712
75$2,930,427$0$0$2,203,197
76$3,121,533$0$0$2,347,721
77$3,328,737$0$0$2,504,461
78$3,553,573$0$0$2,674,582
79$3,797,729$0$0$2,859,368
80$4,063,062$0$0$3,060,229
81$4,351,615$0$0$3,278,718
82$4,665,635$0$0$3,516,542
83$5,007,595$0$0$3,775,582
84$5,380,217$0$0$4,057,905
85$5,786,493$0$0$4,365,787
86$6,229,722$0$0$4,701,733
87$6,713,529$0$0$5,068,501
88$7,241,908$0$0$5,469,125
89$7,819,255$0$0$5,906,948
90$8,450,410$0$0$6,385,648
91$9,140,701$0$0$6,909,275
92$9,895,994$0$0$7,482,290
93$10,722,751$0$0$8,109,602
94$11,628,083$0$0$8,796,620
95$12,619,825$0$0$9,549,299
96$13,706,603$0$0$10,374,196
97$14,897,919$0$0$11,278,536
98$16,204,236$0$0$12,270,273
99$17,637,079$0$0$13,358,169
100$19,209,143$0$0$14,551,874