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%15.5%
1 years$66,063$65,475$64,901$64,340$63,793$62,352
2 years$32,705$32,095$31,505$30,933$30,378$28,934
3 years$21,586$20,975$20,386$19,819$19,273$17,871
4 years$16,029$15,419$14,836$14,278$13,746$12,397
5 years$12,695$12,088$11,513$10,967$10,449$9,157
6 years$10,473$9,871$9,304$8,771$8,268$7,034
7 years$8,886$8,290$7,732$7,211$6,724$5,548
8 years$7,697$7,106$6,557$6,049$5,578$4,460
9 years$6,773$6,187$5,648$5,152$4,698$3,636
10 years$6,033$5,453$4,924$4,441$4,003$2,997
11 years$5,429$4,855$4,335$3,865$3,442$2,491
12 years$4,926$4,357$3,847$3,390$2,983$2,085
13 years$4,500$3,938$3,437$2,993$2,601$1,754
14 years$4,136$3,579$3,088$2,657$2,280$1,483
15 years$3,820$3,270$2,788$2,370$2,008$1,258
16 years$3,544$3,000$2,528$2,122$1,775$1,070
17 years$3,301$2,763$2,300$1,906$1,573$913
18 years$3,085$2,553$2,100$1,718$1,399$781
19 years$2,892$2,366$1,922$1,552$1,247$669
20 years$2,719$2,199$1,764$1,406$1,114$574
21 years$2,562$2,048$1,623$1,276$997$493
22 years$2,420$1,912$1,496$1,160$893$424
23 years$2,290$1,788$1,381$1,057$802$365
24 years$2,172$1,675$1,277$964$721$314
25 years$2,063$1,572$1,183$880$649$271
26 years$1,962$1,478$1,097$805$584$234
27 years$1,869$1,391$1,019$737$527$202
28 years$1,783$1,310$947$675$475$174
29 years$1,703$1,236$881$619$429$150
30 years$1,628$1,167$821$568$388$130
31 years$1,559$1,104$765$522$351$112
32 years$1,494$1,044$714$479$317$97
33 years$1,433$989$667$441$287$84
34 years$1,375$937$623$406$260$73
35 years$1,321$889$582$373$235$63
36 years$1,271$844$545$344$213$54
37 years$1,223$801$510$317$193$47
38 years$1,177$762$478$292$175$41
39 years$1,134$724$447$269$159$35
40 years$1,094$689$419$248$144$30
41 years$1,055$656$393$229$131$26
42 years$1,019$625$369$211$119$23
43 years$984$595$346$195$108$20
44 years$951$567$325$180$98$17
45 years$919$541$305$166$89$15
46 years$889$516$287$154$81$13
47 years$860$492$269$142$73$11
48 years$833$470$253$131$66$10
49 years$806$449$238$121$60$8
50 years$781$429$224$112$55$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $800,000, adding $5,651 every year, while hoping to spend $37,619 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: 89/6/5 Blend
52$800,000$800,000$800,000$800,000
53$887,429$845,029$832,629$966,029
54$937,920$846,409$820,496$1,019,384
55$992,301$846,596$806,695$1,072,138
56$1,050,928$845,492$791,132$1,128,889
57$1,114,194$842,991$773,706$1,190,009
58$1,182,528$838,985$754,312$1,255,908
59$1,256,406$833,355$732,841$1,327,038
60$1,336,347$825,977$709,178$1,403,895
61$1,422,923$816,718$683,204$1,487,027
62$1,516,763$805,439$654,794$1,577,035
63$1,618,559$791,992$623,816$1,674,582
64$1,729,071$776,219$590,133$1,780,396
65$1,849,137$757,954$553,602$1,895,280
66$1,979,676$737,021$514,075$2,020,119
67$2,121,700$713,232$471,394$2,155,885
68$2,276,324$686,391$425,396$2,303,651
69$2,444,773$656,288$375,911$2,464,596
70$2,628,396$622,703$322,760$2,640,021
71$2,828,678$585,400$265,758$2,831,358
72$3,047,252$544,134$204,710$3,040,183
73$3,285,918$498,643$139,414$3,268,235
74$3,546,655$448,649$69,657$3,517,425
75$3,831,642$393,862$0$3,789,864
76$4,143,280$333,971$0$4,088,128
77$4,484,210$268,652$0$4,418,504
78$4,857,342$197,558$0$4,780,102
79$5,265,880$120,327$0$5,176,043
80$5,713,351$36,574$0$5,609,761
81$6,203,639$0$0$6,085,043
82$6,741,025$0$0$6,609,629
83$7,330,219$0$0$7,187,441
84$7,976,411$0$0$7,821,154
85$8,685,318$0$0$8,516,374
86$9,463,236$0$0$9,279,277
87$10,317,100$0$0$10,116,665
88$11,254,550$0$0$11,036,029
89$12,284,000$0$0$12,045,624
90$13,414,721$0$0$13,154,541
91$14,656,925$0$0$14,372,795
92$16,021,862$0$0$15,711,422
93$17,521,925$0$0$17,182,575
94$19,170,768$0$0$18,799,646
95$20,983,433$0$0$20,577,388
96$22,976,494$0$0$22,532,056
97$25,168,209$0$0$24,681,556
98$27,578,694$0$0$27,045,620
99$30,230,113$0$0$29,645,984
100$33,146,887$0$0$32,506,600