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%18.6%
1 years$70,027$69,403$68,795$68,201$67,621$65,273
2 years$34,667$34,021$33,395$32,789$32,200$29,860
3 years$22,882$22,233$21,609$21,008$20,429$18,169
4 years$16,990$16,344$15,726$15,135$14,570$12,407
5 years$13,456$12,814$12,204$11,625$11,076$9,016
6 years$11,101$10,463$9,863$9,297$8,764$6,809
7 years$9,419$8,787$8,196$7,643$7,128$5,277
8 years$8,159$7,532$6,951$6,412$5,913$4,166
9 years$7,179$6,558$5,987$5,461$4,980$3,333
10 years$6,395$5,781$5,219$4,708$4,243$2,694
11 years$5,755$5,146$4,595$4,097$3,649$2,195
12 years$5,221$4,619$4,078$3,594$3,162$1,800
13 years$4,770$4,174$3,643$3,173$2,757$1,483
14 years$4,384$3,794$3,274$2,816$2,417$1,227
15 years$4,049$3,466$2,956$2,512$2,128$1,019
16 years$3,757$3,180$2,680$2,249$1,881$848
17 years$3,499$2,929$2,438$2,021$1,668$707
18 years$3,270$2,706$2,226$1,821$1,483$591
19 years$3,066$2,508$2,038$1,646$1,322$494
20 years$2,882$2,331$1,870$1,490$1,181$414
21 years$2,716$2,171$1,720$1,353$1,057$347
22 years$2,565$2,026$1,585$1,230$947$292
23 years$2,428$1,895$1,464$1,120$850$245
24 years$2,302$1,776$1,354$1,022$764$206
25 years$2,186$1,667$1,254$933$688$173
26 years$2,080$1,566$1,163$853$619$146
27 years$1,981$1,474$1,080$781$558$123
28 years$1,890$1,389$1,004$715$504$103
29 years$1,805$1,310$934$656$455$87
30 years$1,726$1,237$870$602$411$73
31 years$1,652$1,170$811$553$372$62
32 years$1,583$1,107$757$508$336$52
33 years$1,519$1,048$707$467$304$44
34 years$1,458$993$660$430$275$37
35 years$1,401$942$617$396$250$31
36 years$1,347$894$578$365$226$26
37 years$1,296$849$541$336$205$22
38 years$1,248$807$506$310$186$19
39 years$1,202$768$474$285$168$16
40 years$1,159$730$445$263$153$13
41 years$1,118$695$417$243$139$11
42 years$1,080$662$391$224$126$9
43 years$1,043$631$367$207$114$8
44 years$1,008$601$344$191$104$7
45 years$974$573$323$176$94$6
46 years$942$547$304$163$85$5
47 years$912$522$285$151$78$4
48 years$882$498$268$139$70$3
49 years$855$476$252$129$64$3
50 years$828$455$237$119$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $848,000, adding $5,023 every year, while hoping to spend $59,552 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: 31/44/25 Blend
52$848,000$848,000$848,000$848,000
53$939,677$894,733$881,589$961,447
54$972,161$875,212$847,760$959,013
55$1,005,963$852,739$810,801$950,761
56$1,041,154$827,105$770,545$940,677
57$1,077,810$798,092$726,817$928,641
58$1,116,015$765,467$679,434$914,526
59$1,155,857$728,984$628,203$898,200
60$1,197,433$688,382$572,926$879,524
61$1,240,844$643,386$513,393$858,352
62$1,286,204$593,706$449,385$834,533
63$1,333,633$539,034$380,676$807,905
64$1,383,261$479,044$307,026$778,303
65$1,435,229$413,392$228,187$745,552
66$1,489,691$341,717$143,899$709,470
67$1,546,812$263,633$53,892$669,866
68$1,606,772$178,737$0$626,542
69$1,669,767$86,599$0$590,538
70$1,736,009$0$0$566,464
71$1,805,730$0$0$546,195
72$1,879,180$0$0$569,060
73$1,956,634$0$0$593,224
74$2,038,391$0$0$618,785
75$2,124,775$0$0$645,852
76$2,216,143$0$0$674,544
77$2,312,881$0$0$704,992
78$2,415,413$0$0$737,337
79$2,524,202$0$0$771,736
80$2,639,753$0$0$808,357
81$2,762,620$0$0$847,388
82$2,893,409$0$0$889,032
83$3,032,781$0$0$933,513
84$3,181,464$0$0$981,075
85$3,340,251$0$0$1,031,988
86$3,510,014$0$0$1,086,546
87$3,691,708$0$0$1,145,071
88$3,886,380$0$0$1,207,918
89$4,095,180$0$0$1,275,476
90$4,319,368$0$0$1,348,172
91$4,560,327$0$0$1,426,475
92$4,819,576$0$0$1,510,900
93$5,098,782$0$0$1,602,012
94$5,399,777$0$0$1,700,434
95$5,724,573$0$0$1,806,847
96$6,075,379$0$0$1,922,003
97$6,454,625$0$0$2,046,726
98$6,864,980$0$0$2,181,925
99$7,309,379$0$0$2,328,597
100$7,791,047$0$0$2,487,839