Can I retire at age 53 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$70,027$69,403$68,795$68,201$67,621$65,378
2 years$34,667$34,021$33,395$32,789$32,200$29,962
3 years$22,882$22,233$21,609$21,008$20,429$18,266
4 years$16,990$16,344$15,726$15,135$14,570$12,499
5 years$13,456$12,814$12,204$11,625$11,076$9,102
6 years$11,101$10,463$9,863$9,297$8,764$6,889
7 years$9,419$8,787$8,196$7,643$7,128$5,351
8 years$8,159$7,532$6,951$6,412$5,913$4,234
9 years$7,179$6,558$5,987$5,461$4,980$3,396
10 years$6,395$5,781$5,219$4,708$4,243$2,752
11 years$5,755$5,146$4,595$4,097$3,649$2,248
12 years$5,221$4,619$4,078$3,594$3,162$1,848
13 years$4,770$4,174$3,643$3,173$2,757$1,527
14 years$4,384$3,794$3,274$2,816$2,417$1,267
15 years$4,049$3,466$2,956$2,512$2,128$1,055
16 years$3,757$3,180$2,680$2,249$1,881$880
17 years$3,499$2,929$2,438$2,021$1,668$736
18 years$3,270$2,706$2,226$1,821$1,483$617
19 years$3,066$2,508$2,038$1,646$1,322$518
20 years$2,882$2,331$1,870$1,490$1,181$435
21 years$2,716$2,171$1,720$1,353$1,057$366
22 years$2,565$2,026$1,585$1,230$947$308
23 years$2,428$1,895$1,464$1,120$850$260
24 years$2,302$1,776$1,354$1,022$764$219
25 years$2,186$1,667$1,254$933$688$185
26 years$2,080$1,566$1,163$853$619$156
27 years$1,981$1,474$1,080$781$558$132
28 years$1,890$1,389$1,004$715$504$111
29 years$1,805$1,310$934$656$455$94
30 years$1,726$1,237$870$602$411$79
31 years$1,652$1,170$811$553$372$67
32 years$1,583$1,107$757$508$336$57
33 years$1,519$1,048$707$467$304$48
34 years$1,458$993$660$430$275$41
35 years$1,401$942$617$396$250$34
36 years$1,347$894$578$365$226$29
37 years$1,296$849$541$336$205$25
38 years$1,248$807$506$310$186$21
39 years$1,202$768$474$285$168$18
40 years$1,159$730$445$263$153$15
41 years$1,118$695$417$243$139$13
42 years$1,080$662$391$224$126$11
43 years$1,043$631$367$207$114$9
44 years$1,008$601$344$191$104$8
45 years$974$573$323$176$94$6
46 years$942$547$304$163$85$5
47 years$912$522$285$151$78$5
48 years$882$498$268$139$70$4
49 years$855$476$252$129$64$3
50 years$828$455$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $848,000, adding $4,204 every year, while hoping to spend $50,617 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: 36/36/28 Blend
52$848,000$848,000$848,000$848,000
53$938,832$893,888$880,744$964,615
54$980,737$883,833$856,393$974,105
55$1,025,220$871,588$829,530$979,462
56$1,072,490$856,993$800,017$984,274
57$1,122,776$839,879$767,710$988,527
58$1,176,330$820,063$732,459$992,207
59$1,233,426$797,356$694,106$995,307
60$1,294,364$771,556$652,488$997,822
61$1,359,475$742,448$607,432$999,753
62$1,429,119$709,806$558,758$1,001,104
63$1,503,693$673,390$506,280$1,001,890
64$1,583,631$632,947$449,802$1,002,129
65$1,669,409$588,209$389,118$1,001,850
66$1,761,550$538,892$324,015$1,001,093
67$1,860,628$484,698$254,269$999,908
68$1,967,273$425,309$179,648$998,356
69$2,082,177$360,392$99,909$996,518
70$2,206,100$289,592$14,796$994,486
71$2,339,877$212,536$0$992,375
72$2,484,424$128,831$0$1,013,035
73$2,640,751$38,059$0$1,040,105
74$2,809,965$0$0$1,069,432
75$2,993,284$0$0$1,125,179
76$3,192,048$0$0$1,202,069
77$3,407,730$0$0$1,285,609
78$3,641,948$0$0$1,376,440
79$3,896,486$0$0$1,475,266
80$4,173,304$0$0$1,582,863
81$4,474,557$0$0$1,700,084
82$4,802,618$0$0$1,827,868
83$5,160,099$0$0$1,967,249
84$5,549,873$0$0$2,119,364
85$5,975,102$0$0$2,285,466
86$6,439,268$0$0$2,466,933
87$6,946,201$0$0$2,665,282
88$7,500,121$0$0$2,882,185
89$8,105,671$0$0$3,119,481
90$8,767,964$0$0$3,379,196
91$9,492,630$0$0$3,663,560
92$10,285,867$0$0$3,975,028
93$11,154,502$0$0$4,316,307
94$12,106,050$0$0$4,690,375
95$13,148,791$0$0$5,100,513
96$14,291,841$0$0$5,550,334
97$15,545,242$0$0$6,043,817
98$16,920,051$0$0$6,585,348
99$18,428,451$0$0$7,179,755
100$20,083,858$0$0$7,832,356