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%14.4%
1 years$69,944$69,321$68,714$68,120$67,541$66,313
2 years$34,626$33,981$33,356$32,750$32,162$30,930
3 years$22,855$22,207$21,584$20,983$20,405$19,206
4 years$16,970$16,325$15,707$15,117$14,553$13,397
5 years$13,440$12,799$12,190$11,612$11,063$9,953
6 years$11,088$10,451$9,851$9,286$8,754$7,691
7 years$9,408$8,777$8,186$7,634$7,119$6,104
8 years$8,149$7,523$6,943$6,404$5,906$4,938
9 years$7,170$6,550$5,980$5,455$4,974$4,053
10 years$6,388$5,774$5,213$4,702$4,238$3,363
11 years$5,748$5,140$4,590$4,092$3,645$2,815
12 years$5,215$4,613$4,073$3,590$3,158$2,373
13 years$4,765$4,169$3,639$3,169$2,754$2,011
14 years$4,379$3,790$3,270$2,813$2,414$1,713
15 years$4,045$3,462$2,952$2,509$2,126$1,464
16 years$3,753$3,176$2,677$2,246$1,879$1,255
17 years$3,495$2,925$2,436$2,018$1,666$1,080
18 years$3,267$2,703$2,223$1,819$1,481$930
19 years$3,062$2,505$2,035$1,644$1,320$803
20 years$2,879$2,328$1,868$1,489$1,179$695
21 years$2,713$2,168$1,718$1,351$1,055$602
22 years$2,562$2,024$1,584$1,228$946$522
23 years$2,425$1,893$1,462$1,119$849$453
24 years$2,299$1,774$1,352$1,020$763$394
25 years$2,184$1,665$1,252$932$687$342
26 years$2,077$1,564$1,162$852$619$298
27 years$1,979$1,472$1,079$780$558$259
28 years$1,888$1,387$1,003$715$503$226
29 years$1,803$1,309$933$655$454$197
30 years$1,724$1,236$869$601$411$172
31 years$1,650$1,168$810$552$371$150
32 years$1,581$1,106$756$508$336$131
33 years$1,517$1,047$706$467$304$114
34 years$1,456$992$660$429$275$100
35 years$1,399$941$617$395$249$87
36 years$1,345$893$577$364$226$76
37 years$1,294$848$540$335$205$66
38 years$1,246$806$506$309$186$58
39 years$1,201$767$474$285$168$51
40 years$1,158$730$444$263$153$44
41 years$1,117$694$416$243$138$39
42 years$1,078$661$391$224$126$34
43 years$1,041$630$366$207$114$29
44 years$1,006$601$344$191$103$26
45 years$973$573$323$176$94$22
46 years$941$546$303$163$85$20
47 years$911$521$285$150$77$17
48 years$881$498$268$139$70$15
49 years$854$475$252$128$64$13
50 years$827$454$237$119$58$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $847,000, adding $3,618 every year, while hoping to spend $32,089 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: 73/20/7 Blend
52$847,000$847,000$847,000$847,000
53$937,126$892,235$879,106$1,004,347
54$998,570$901,812$874,414$1,058,726
55$1,065,207$910,783$868,489$1,113,879
56$1,137,530$919,084$861,256$1,173,375
57$1,216,087$926,647$852,637$1,237,633
58$1,301,476$933,401$842,548$1,307,114
59$1,394,357$939,268$830,904$1,382,327
60$1,495,456$944,167$817,614$1,463,833
61$1,605,571$948,010$802,583$1,552,247
62$1,725,583$950,706$785,712$1,648,252
63$1,856,457$952,155$766,898$1,752,597
64$1,999,258$952,253$746,032$1,866,110
65$2,155,159$950,890$723,000$1,989,700
66$2,325,448$947,947$697,684$2,124,373
67$2,511,547$943,300$669,960$2,271,237
68$2,715,018$936,815$639,697$2,431,511
69$2,937,583$928,352$606,760$2,606,541
70$3,181,138$917,762$571,007$2,797,811
71$3,447,768$904,887$532,290$3,006,955
72$3,739,772$889,558$490,454$3,235,776
73$4,059,682$871,599$445,337$3,486,261
74$4,410,283$850,821$396,770$3,760,601
75$4,794,646$827,025$344,575$4,061,211
76$5,216,151$800,001$288,570$4,390,752
77$5,678,522$769,524$228,560$4,752,159
78$6,185,860$735,360$164,346$5,148,669
79$6,742,682$697,257$95,716$5,583,847
80$7,353,965$654,952$22,452$6,061,627
81$8,025,190$608,165$0$6,586,341
82$8,762,395$556,601$0$7,166,931
83$9,572,232$499,947$0$7,806,564
84$10,462,029$437,874$0$8,509,384
85$11,439,858$370,032$0$9,281,814
86$12,514,613$296,053$0$10,130,931
87$13,696,091$215,547$0$11,064,534
88$14,995,088$128,104$0$12,091,222
89$16,423,494$33,289$0$13,220,470
90$17,994,414$0$0$14,462,722
91$19,722,283$0$0$15,844,755
92$21,623,006$0$0$17,373,149
93$23,714,109$0$0$19,054,673
94$26,014,898$0$0$20,904,862
95$28,546,650$0$0$22,940,827
96$31,332,804$0$0$25,181,427
97$34,399,190$0$0$27,647,438
98$37,774,266$0$0$30,361,754
99$41,489,391$0$0$33,349,600
100$45,579,115$0$0$36,638,770