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%14.9%
1 years$69,862$69,240$68,632$68,040$67,461$66,099
2 years$34,585$33,941$33,317$32,711$32,124$30,758
3 years$22,828$22,181$21,558$20,959$20,381$19,053
4 years$16,950$16,305$15,689$15,099$14,536$13,257
5 years$13,425$12,784$12,175$11,598$11,050$9,823
6 years$11,075$10,439$9,839$9,275$8,743$7,570
7 years$9,397$8,766$8,177$7,625$7,111$5,991
8 years$8,140$7,514$6,934$6,397$5,899$4,833
9 years$7,162$6,543$5,973$5,449$4,968$3,955
10 years$6,380$5,767$5,207$4,697$4,233$3,271
11 years$5,741$5,134$4,584$4,088$3,640$2,730
12 years$5,209$4,608$4,068$3,585$3,155$2,293
13 years$4,759$4,164$3,635$3,165$2,751$1,937
14 years$4,373$3,785$3,266$2,810$2,411$1,644
15 years$4,040$3,458$2,949$2,506$2,123$1,401
16 years$3,748$3,173$2,673$2,244$1,877$1,197
17 years$3,491$2,922$2,433$2,016$1,664$1,026
18 years$3,263$2,700$2,221$1,817$1,479$881
19 years$3,059$2,502$2,033$1,642$1,319$758
20 years$2,875$2,325$1,866$1,487$1,178$653
21 years$2,710$2,166$1,716$1,349$1,054$563
22 years$2,559$2,022$1,582$1,227$945$487
23 years$2,422$1,891$1,460$1,117$848$421
24 years$2,296$1,772$1,351$1,019$762$364
25 years$2,181$1,663$1,251$931$686$316
26 years$2,075$1,563$1,160$851$618$273
27 years$1,977$1,471$1,077$779$557$237
28 years$1,886$1,386$1,002$714$503$206
29 years$1,801$1,307$932$654$454$179
30 years$1,722$1,235$868$601$410$155
31 years$1,648$1,167$809$552$371$135
32 years$1,580$1,104$755$507$335$117
33 years$1,515$1,046$705$466$304$102
34 years$1,454$991$659$429$275$88
35 years$1,397$940$616$395$249$77
36 years$1,344$892$576$364$226$67
37 years$1,293$847$539$335$204$58
38 years$1,245$805$505$309$185$51
39 years$1,200$766$473$285$168$44
40 years$1,157$729$443$263$152$38
41 years$1,116$694$416$242$138$33
42 years$1,077$661$390$224$125$29
43 years$1,040$629$366$206$114$25
44 years$1,005$600$344$191$103$22
45 years$972$572$323$176$94$19
46 years$940$546$303$163$85$17
47 years$909$521$285$150$77$14
48 years$880$497$268$139$70$13
49 years$853$475$251$128$64$11
50 years$826$454$236$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $846,000, adding $5,025 every year, while hoping to spend $42,817 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: 87/5/8 Blend
52$846,000$846,000$846,000$846,000
53$937,475$892,637$879,524$1,017,846
54$987,541$890,820$863,431$1,069,183
55$1,041,278$887,478$845,364$1,119,169
56$1,099,016$882,492$825,212$1,172,736
57$1,161,117$875,735$802,857$1,230,215
58$1,227,976$867,072$778,179$1,291,969
59$1,300,031$856,360$751,049$1,358,399
60$1,377,760$843,447$721,335$1,429,943
61$1,461,689$828,173$688,897$1,507,088
62$1,552,395$810,367$653,589$1,590,366
63$1,650,514$789,850$615,259$1,680,364
64$1,756,744$766,430$573,748$1,777,729
65$1,871,853$739,906$528,889$1,883,172
66$1,996,684$710,064$480,509$1,997,477
67$2,132,167$676,678$428,427$2,121,508
68$2,279,320$639,508$372,452$2,256,214
69$2,439,268$598,301$312,386$2,402,643
70$2,613,246$552,790$248,024$2,561,948
71$2,802,612$502,692$179,148$2,735,400
72$3,008,863$447,708$105,533$2,924,398
73$3,233,643$387,521$26,944$3,130,485
74$3,478,763$321,799$0$3,355,358
75$3,746,218$250,188$0$3,605,749
76$4,038,200$172,315$0$3,881,631
77$4,357,126$87,788$0$4,182,996
78$4,705,653$0$0$4,512,371
79$5,086,710$0$0$4,872,751
80$5,503,518$0$0$5,272,233
81$5,959,626$0$0$5,709,389
82$6,458,942$0$0$6,187,967
83$7,005,769$0$0$6,712,090
84$7,604,844$0$0$7,286,302
85$8,261,386$0$0$7,915,605
86$8,981,142$0$0$8,605,509
87$9,770,442$0$0$9,362,083
88$10,636,257$0$0$10,192,009
89$11,586,266$0$0$11,102,651
90$12,628,926$0$0$12,102,116
91$13,773,556$0$0$13,199,337
92$15,030,416$0$0$14,404,153
93$16,410,813$0$0$15,727,402
94$17,927,200$0$0$17,181,025
95$19,593,297$0$0$18,778,174
96$21,424,218$0$0$20,533,340
97$23,436,613$0$0$22,462,486
98$25,648,827$0$0$24,583,199
99$28,081,070$0$0$26,914,856
100$30,755,608$0$0$29,478,803