Can I retire at age 53 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$69,944$69,321$68,714$68,120$67,541$66,204
2 years$34,626$33,981$33,356$32,750$32,162$30,821
3 years$22,855$22,207$21,584$20,983$20,405$19,102
4 years$16,970$16,325$15,707$15,117$14,553$13,297
5 years$13,440$12,799$12,190$11,612$11,063$9,858
6 years$11,088$10,451$9,851$9,286$8,754$7,601
7 years$9,408$8,777$8,186$7,634$7,119$6,019
8 years$8,149$7,523$6,943$6,404$5,906$4,859
9 years$7,170$6,550$5,980$5,455$4,974$3,978
10 years$6,388$5,774$5,213$4,702$4,238$3,293
11 years$5,748$5,140$4,590$4,092$3,645$2,749
12 years$5,215$4,613$4,073$3,590$3,158$2,311
13 years$4,765$4,169$3,639$3,169$2,754$1,954
14 years$4,379$3,790$3,270$2,813$2,414$1,659
15 years$4,045$3,462$2,952$2,509$2,126$1,414
16 years$3,753$3,176$2,677$2,246$1,879$1,210
17 years$3,495$2,925$2,436$2,018$1,666$1,037
18 years$3,267$2,703$2,223$1,819$1,481$891
19 years$3,062$2,505$2,035$1,644$1,320$767
20 years$2,879$2,328$1,868$1,489$1,179$662
21 years$2,713$2,168$1,718$1,351$1,055$571
22 years$2,562$2,024$1,584$1,228$946$494
23 years$2,425$1,893$1,462$1,119$849$428
24 years$2,299$1,774$1,352$1,020$763$370
25 years$2,184$1,665$1,252$932$687$321
26 years$2,077$1,564$1,162$852$619$279
27 years$1,979$1,472$1,079$780$558$242
28 years$1,888$1,387$1,003$715$503$210
29 years$1,803$1,309$933$655$454$182
30 years$1,724$1,236$869$601$411$158
31 years$1,650$1,168$810$552$371$138
32 years$1,581$1,106$756$508$336$120
33 years$1,517$1,047$706$467$304$104
34 years$1,456$992$660$429$275$91
35 years$1,399$941$617$395$249$79
36 years$1,345$893$577$364$226$69
37 years$1,294$848$540$335$205$60
38 years$1,246$806$506$309$186$52
39 years$1,201$767$474$285$168$45
40 years$1,158$730$444$263$153$39
41 years$1,117$694$416$243$138$34
42 years$1,078$661$391$224$126$30
43 years$1,041$630$366$207$114$26
44 years$1,006$601$344$191$103$23
45 years$973$573$323$176$94$20
46 years$941$546$303$163$85$17
47 years$911$521$285$150$77$15
48 years$881$498$268$139$70$13
49 years$854$475$252$128$64$11
50 years$827$454$237$119$58$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $847,000, adding $3,307 every year, while hoping to spend $44,777 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: 59/13/28 Blend
52$847,000$847,000$847,000$847,000
53$936,805$891,914$878,786$984,766
54$984,717$887,976$860,583$1,013,989
55$1,036,015$882,343$840,269$1,040,810
56$1,090,997$874,887$817,727$1,069,136
57$1,149,991$865,469$792,833$1,099,125
58$1,213,355$853,942$765,458$1,130,955
59$1,281,484$840,151$735,467$1,164,820
60$1,354,809$823,932$702,718$1,200,939
61$1,433,805$805,110$667,065$1,239,554
62$1,518,994$783,502$628,354$1,280,935
63$1,610,950$758,912$586,421$1,325,381
64$1,710,301$731,132$541,101$1,373,224
65$1,817,739$699,946$492,215$1,424,835
66$1,934,025$665,120$439,581$1,480,621
67$2,059,995$626,410$383,006$1,541,039
68$2,196,568$583,557$322,290$1,606,593
69$2,344,755$536,288$257,224$1,677,842
70$2,505,667$484,313$187,588$1,755,406
71$2,680,527$427,327$113,154$1,839,973
72$2,870,680$365,005$33,684$1,932,304
73$3,077,606$297,007$0$2,033,243
74$3,302,933$222,972$0$2,158,998
75$3,548,453$142,518$0$2,307,063
76$3,816,137$55,244$0$2,468,590
77$4,108,156$0$0$2,644,932
78$4,426,899$0$0$2,843,198
79$4,774,994$0$0$3,068,417
80$5,155,336$0$0$3,314,568
81$5,571,112$0$0$3,583,722
82$6,025,830$0$0$3,878,157
83$6,523,353$0$0$4,200,386
84$7,067,934$0$0$4,553,171
85$7,664,257$0$0$4,939,557
86$8,317,480$0$0$5,362,896
87$9,033,283$0$0$5,826,881
88$9,817,921$0$0$6,335,576
89$10,678,285$0$0$6,893,460
90$11,621,963$0$0$7,505,466
91$12,657,312$0$0$8,177,026
92$13,793,539$0$0$8,914,124
93$15,040,784$0$0$9,723,352
94$16,410,217$0$0$10,611,971
95$17,914,145$0$0$11,587,979
96$19,566,120$0$0$12,660,188
97$21,381,076$0$0$13,838,304
98$23,375,462$0$0$15,133,023
99$25,567,402$0$0$16,556,123
100$27,976,860$0$0$18,120,585