Can I retire at age 53 with 801,000?

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 $801,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$66,146$65,557$64,982$64,421$63,873$63,604
2 years$32,745$32,136$31,545$30,972$30,416$30,144
3 years$21,613$21,001$20,411$19,844$19,297$19,031
4 years$16,049$15,438$14,854$14,296$13,763$13,505
5 years$12,710$12,104$11,528$10,981$10,462$10,213
6 years$10,486$9,883$9,316$8,782$8,278$8,038
7 years$8,897$8,300$7,742$7,220$6,733$6,501
8 years$7,707$7,115$6,565$6,056$5,585$5,363
9 years$6,781$6,195$5,655$5,159$4,704$4,491
10 years$6,041$5,460$4,930$4,447$4,008$3,804
11 years$5,436$4,861$4,340$3,870$3,447$3,251
12 years$4,932$4,363$3,852$3,395$2,987$2,800
13 years$4,506$3,943$3,441$2,997$2,605$2,427
14 years$4,141$3,584$3,092$2,660$2,283$2,113
15 years$3,825$3,274$2,792$2,373$2,010$1,849
16 years$3,549$3,004$2,531$2,124$1,777$1,623
17 years$3,305$2,766$2,303$1,909$1,575$1,429
18 years$3,089$2,556$2,103$1,720$1,401$1,262
19 years$2,896$2,369$1,925$1,554$1,249$1,117
20 years$2,722$2,202$1,767$1,408$1,115$991
21 years$2,565$2,051$1,625$1,278$998$880
22 years$2,423$1,914$1,498$1,162$895$783
23 years$2,293$1,790$1,383$1,058$803$698
24 years$2,174$1,677$1,279$965$722$623
25 years$2,065$1,574$1,184$881$649$556
26 years$1,964$1,479$1,098$806$585$497
27 years$1,871$1,392$1,020$737$527$445
28 years$1,785$1,312$948$676$476$398
29 years$1,705$1,238$882$620$430$357
30 years$1,630$1,169$822$569$388$320
31 years$1,561$1,105$766$522$351$287
32 years$1,496$1,046$715$480$318$257
33 years$1,434$990$668$441$287$231
34 years$1,377$938$624$406$260$207
35 years$1,323$890$583$374$236$186
36 years$1,272$845$546$344$214$167
37 years$1,224$802$511$317$194$150
38 years$1,179$763$478$292$175$135
39 years$1,136$725$448$270$159$122
40 years$1,095$690$420$249$144$109
41 years$1,056$657$394$229$131$98
42 years$1,020$625$369$212$119$88
43 years$985$596$347$195$108$80
44 years$952$568$325$180$98$72
45 years$920$542$305$167$89$64
46 years$890$517$287$154$81$58
47 years$861$493$270$142$73$52
48 years$834$471$253$131$67$47
49 years$807$450$238$121$60$42
50 years$782$429$224$112$55$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $801,000, adding $3,057 every year, while hoping to spend $53,734 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: 43/27/30 Blend
52$801,000$801,000$801,000$801,000
53$885,855$843,402$830,987$916,084
54$919,040$827,556$801,652$922,276
55$953,809$809,133$769,534$923,696
56$990,266$787,950$734,482$924,229
57$1,028,526$763,812$696,340$923,825
58$1,068,711$736,515$654,944$922,433
59$1,110,957$705,841$610,122$920,004
60$1,155,409$671,562$561,695$916,486
61$1,202,226$633,433$509,477$911,827
62$1,251,580$591,199$453,272$905,976
63$1,303,661$544,587$392,876$898,882
64$1,358,673$493,310$328,076$890,495
65$1,416,840$437,065$258,649$880,767
66$1,478,408$375,531$184,363$869,651
67$1,543,642$308,369$104,976$857,102
68$1,612,835$235,220$20,234$843,079
69$1,686,305$155,707$0$827,543
70$1,764,402$69,431$0$832,933
71$1,847,506$0$0$845,123
72$1,936,036$0$0$864,841
73$2,030,449$0$0$907,923
74$2,131,245$0$0$953,978
75$2,238,974$0$0$1,003,265
76$2,354,237$0$0$1,056,066
77$2,477,693$0$0$1,112,692
78$2,610,067$0$0$1,173,485
79$2,752,152$0$0$1,238,819
80$2,904,819$0$0$1,309,104
81$3,069,025$0$0$1,384,792
82$3,245,818$0$0$1,466,379
83$3,436,353$0$0$1,554,408
84$3,641,896$0$0$1,649,477
85$3,863,838$0$0$1,752,243
86$4,103,707$0$0$1,863,430
87$4,363,184$0$0$1,983,829
88$4,644,116$0$0$2,114,315
89$4,948,534$0$0$2,255,846
90$5,278,670$0$0$2,409,479
91$5,636,980$0$0$2,576,374
92$6,026,164$0$0$2,757,807
93$6,449,192$0$0$2,955,184
94$6,909,332$0$0$3,170,050
95$7,410,180$0$0$3,404,106
96$7,955,691$0$0$3,659,222
97$8,550,219$0$0$3,937,459
98$9,198,555$0$0$4,241,084
99$9,905,971$0$0$4,572,592
100$10,678,273$0$0$4,934,729