Can I retire at age 53 with 849,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$70,110$69,485$68,876$68,281$67,700$66,634
2 years$34,708$34,061$33,435$32,827$32,238$31,166
3 years$22,909$22,259$21,635$21,033$20,453$19,410
4 years$17,010$16,363$15,744$15,153$14,587$13,580
5 years$13,472$12,829$12,218$11,639$11,089$10,121
6 years$11,114$10,476$9,874$9,308$8,774$7,846
7 years$9,431$8,797$8,206$7,652$7,136$6,248
8 years$8,168$7,541$6,959$6,419$5,920$5,073
9 years$7,187$6,566$5,994$5,468$4,985$4,178
10 years$6,403$5,787$5,225$4,713$4,248$3,480
11 years$5,761$5,152$4,600$4,102$3,653$2,923
12 years$5,227$4,624$4,083$3,598$3,166$2,474
13 years$4,776$4,179$3,648$3,177$2,761$2,105
14 years$4,389$3,799$3,277$2,820$2,420$1,800
15 years$4,054$3,470$2,959$2,515$2,131$1,545
16 years$3,761$3,184$2,683$2,252$1,883$1,330
17 years$3,503$2,932$2,441$2,023$1,670$1,149
18 years$3,274$2,709$2,229$1,823$1,485$995
19 years$3,070$2,511$2,040$1,647$1,323$863
20 years$2,885$2,333$1,872$1,492$1,182$749
21 years$2,719$2,174$1,722$1,354$1,058$652
22 years$2,568$2,029$1,587$1,231$948$568
23 years$2,431$1,898$1,466$1,121$851$496
24 years$2,305$1,778$1,355$1,023$765$433
25 years$2,189$1,668$1,255$934$688$378
26 years$2,082$1,568$1,164$854$620$331
27 years$1,984$1,476$1,081$782$559$289
28 years$1,892$1,391$1,005$716$504$253
29 years$1,807$1,312$935$657$455$222
30 years$1,728$1,239$871$603$412$194
31 years$1,654$1,171$812$554$372$170
32 years$1,585$1,108$758$509$337$149
33 years$1,520$1,049$708$468$305$131
34 years$1,460$995$661$430$276$115
35 years$1,402$943$618$396$250$101
36 years$1,348$895$578$365$226$88
37 years$1,298$850$541$336$205$78
38 years$1,249$808$507$310$186$68
39 years$1,204$769$475$286$169$60
40 years$1,161$731$445$264$153$53
41 years$1,120$696$417$243$139$46
42 years$1,081$663$391$224$126$41
43 years$1,044$632$367$207$114$36
44 years$1,009$602$345$191$104$31
45 years$975$574$324$177$94$27
46 years$943$548$304$163$86$24
47 years$913$523$286$151$78$21
48 years$884$499$268$139$71$19
49 years$856$476$252$129$64$16
50 years$829$455$237$119$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $849,000, adding $6,373 every year, while hoping to spend $45,598 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: 42/35/23 Blend
52$849,000$849,000$849,000$849,000
53$942,172$897,175$884,015$975,162
54$989,757$892,620$865,114$994,751
55$1,040,668$886,315$844,051$1,011,096
56$1,095,196$878,123$820,706$1,027,884
57$1,153,659$867,905$794,953$1,045,180
58$1,216,409$855,508$766,660$1,063,060
59$1,283,829$840,774$735,689$1,081,610
60$1,356,340$823,534$701,896$1,100,929
61$1,434,408$803,607$665,131$1,121,131
62$1,518,539$780,806$625,234$1,142,344
63$1,609,293$754,929$582,043$1,164,714
64$1,707,284$725,763$535,384$1,188,405
65$1,813,186$693,084$485,078$1,213,606
66$1,927,740$656,655$430,938$1,240,527
67$2,051,762$616,223$372,766$1,269,407
68$2,186,147$571,523$310,359$1,300,515
69$2,331,879$522,273$243,502$1,334,151
70$2,490,043$468,177$171,971$1,370,655
71$2,661,830$408,919$95,534$1,410,409
72$2,848,549$344,169$13,947$1,453,839
73$3,051,643$273,575$0$1,501,423
74$3,272,697$196,768$0$1,571,641
75$3,513,458$113,355$0$1,651,967
76$3,775,845$22,923$0$1,739,710
77$4,061,972$0$0$1,835,688
78$4,374,164$0$0$1,969,679
79$4,714,984$0$0$2,125,696
80$5,087,249$0$0$2,296,212
81$5,494,061$0$0$2,482,663
82$5,938,838$0$0$2,686,627
83$6,425,341$0$0$2,909,843
84$6,957,709$0$0$3,154,227
85$7,540,505$0$0$3,421,887
86$8,178,748$0$0$3,715,144
87$8,877,970$0$0$4,036,557
88$9,644,259$0$0$4,388,942
89$10,484,323$0$0$4,775,401
90$11,405,548$0$0$5,199,350
91$12,416,071$0$0$5,664,553
92$13,524,853$0$0$6,175,155
93$14,741,764$0$0$6,735,723
94$16,077,677$0$0$7,351,285
95$17,544,570$0$0$8,027,383
96$19,155,635$0$0$8,770,121
97$20,925,406$0$0$9,586,222
98$22,869,895$0$0$10,483,094
99$25,006,740$0$0$11,468,898
100$27,355,373$0$0$12,552,625