Can I retire at age 53 with 800,000?

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 $800,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$66,063$65,475$64,901$64,340$63,793$61,950
2 years$32,705$32,095$31,505$30,933$30,378$28,535
3 years$21,586$20,975$20,386$19,819$19,273$17,489
4 years$16,029$15,419$14,836$14,278$13,746$12,034
5 years$12,695$12,088$11,513$10,967$10,449$8,814
6 years$10,473$9,871$9,304$8,771$8,268$6,712
7 years$8,886$8,290$7,732$7,211$6,724$5,246
8 years$7,697$7,106$6,557$6,049$5,578$4,178
9 years$6,773$6,187$5,648$5,152$4,698$3,374
10 years$6,033$5,453$4,924$4,441$4,003$2,753
11 years$5,429$4,855$4,335$3,865$3,442$2,265
12 years$4,926$4,357$3,847$3,390$2,983$1,876
13 years$4,500$3,938$3,437$2,993$2,601$1,561
14 years$4,136$3,579$3,088$2,657$2,280$1,305
15 years$3,820$3,270$2,788$2,370$2,008$1,095
16 years$3,544$3,000$2,528$2,122$1,775$921
17 years$3,301$2,763$2,300$1,906$1,573$777
18 years$3,085$2,553$2,100$1,718$1,399$656
19 years$2,892$2,366$1,922$1,552$1,247$555
20 years$2,719$2,199$1,764$1,406$1,114$471
21 years$2,562$2,048$1,623$1,276$997$399
22 years$2,420$1,912$1,496$1,160$893$339
23 years$2,290$1,788$1,381$1,057$802$288
24 years$2,172$1,675$1,277$964$721$245
25 years$2,063$1,572$1,183$880$649$209
26 years$1,962$1,478$1,097$805$584$178
27 years$1,869$1,391$1,019$737$527$151
28 years$1,783$1,310$947$675$475$129
29 years$1,703$1,236$881$619$429$110
30 years$1,628$1,167$821$568$388$94
31 years$1,559$1,104$765$522$351$80
32 years$1,494$1,044$714$479$317$68
33 years$1,433$989$667$441$287$58
34 years$1,375$937$623$406$260$50
35 years$1,321$889$582$373$235$42
36 years$1,271$844$545$344$213$36
37 years$1,223$801$510$317$193$31
38 years$1,177$762$478$292$175$26
39 years$1,134$724$447$269$159$23
40 years$1,094$689$419$248$144$19
41 years$1,055$656$393$229$131$16
42 years$1,019$625$369$211$119$14
43 years$984$595$346$195$108$12
44 years$951$567$325$180$98$10
45 years$919$541$305$166$89$9
46 years$889$516$287$154$81$7
47 years$860$492$269$142$73$6
48 years$833$470$253$131$66$5
49 years$806$449$238$121$60$5
50 years$781$429$224$112$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $800,000, adding $2,957 every year, while hoping to spend $33,989 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: 37/42/21 Blend
52$800,000$800,000$800,000$800,000
53$884,650$842,250$829,850$911,693
54$938,720$847,356$821,486$936,737
55$997,167$851,574$811,703$960,377
56$1,060,399$854,822$800,416$985,218
57$1,128,870$857,018$787,540$1,011,388
58$1,203,074$858,072$772,982$1,039,031
59$1,283,557$857,887$756,647$1,068,304
60$1,370,920$856,363$738,434$1,099,388
61$1,465,821$853,392$718,239$1,132,481
62$1,568,987$848,861$695,952$1,167,805
63$1,681,216$842,647$671,459$1,205,607
64$1,803,386$834,623$644,639$1,246,163
65$1,936,464$824,652$615,367$1,289,779
66$2,081,513$812,590$583,512$1,336,799
67$2,239,705$798,285$548,937$1,387,602
68$2,412,328$781,574$511,499$1,442,610
69$2,600,800$762,285$471,049$1,502,295
70$2,806,682$740,237$427,429$1,567,179
71$3,031,692$715,238$380,477$1,637,843
72$3,277,724$687,084$330,022$1,714,931
73$3,546,860$655,559$275,886$1,799,161
74$3,841,395$620,436$217,883$1,891,325
75$4,163,854$581,474$155,819$1,992,307
76$4,517,018$538,418$89,490$2,103,084
77$4,903,952$490,998$18,686$2,224,740
78$5,328,028$438,930$0$2,358,479
79$5,792,962$381,913$0$2,518,375
80$6,302,846$319,628$0$2,698,458
81$6,862,186$251,740$0$2,896,227
82$7,475,948$177,893$0$3,113,547
83$8,149,598$97,714$0$3,352,484
84$8,889,160$10,805$0$3,615,318
85$9,701,269$0$0$3,904,570
86$10,593,234$0$0$4,261,502
87$11,573,106$0$0$4,659,214
88$12,649,755$0$0$5,096,330
89$13,832,952$0$0$5,576,830
90$15,133,462$0$0$6,105,102
91$16,563,145$0$0$6,685,980
92$18,135,067$0$0$7,324,790
93$19,863,623$0$0$8,027,399
94$21,764,673$0$0$8,800,272
95$23,855,692$0$0$9,650,531
96$26,155,932$0$0$10,586,025
97$28,686,605$0$0$11,615,400
98$31,471,085$0$0$12,748,183
99$34,535,122$0$0$13,994,873
100$37,907,092$0$0$15,367,036