Can I retire at age 53 with 803,000?

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 $803,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$66,311$65,720$65,144$64,582$64,032$61,908
2 years$32,827$32,216$31,623$31,049$30,492$28,372
3 years$21,667$21,053$20,462$19,893$19,345$17,297
4 years$16,089$15,476$14,891$14,332$13,797$11,836
5 years$12,742$12,134$11,556$11,008$10,488$8,619
6 years$10,512$9,908$9,339$8,803$8,299$6,524
7 years$8,920$8,321$7,761$7,238$6,749$5,067
8 years$7,726$7,132$6,582$6,072$5,599$4,010
9 years$6,798$6,210$5,669$5,172$4,715$3,216
10 years$6,056$5,474$4,942$4,458$4,018$2,606
11 years$5,449$4,873$4,351$3,880$3,455$2,129
12 years$4,944$4,374$3,862$3,403$2,994$1,750
13 years$4,517$3,953$3,450$3,004$2,611$1,446
14 years$4,151$3,593$3,100$2,667$2,289$1,200
15 years$3,834$3,282$2,799$2,379$2,015$999
16 years$3,558$3,011$2,538$2,130$1,781$834
17 years$3,314$2,773$2,309$1,914$1,579$697
18 years$3,097$2,563$2,108$1,724$1,404$584
19 years$2,903$2,375$1,930$1,558$1,252$490
20 years$2,729$2,207$1,771$1,411$1,118$412
21 years$2,572$2,056$1,629$1,281$1,000$347
22 years$2,429$1,919$1,501$1,165$897$292
23 years$2,299$1,795$1,386$1,061$805$246
24 years$2,180$1,682$1,282$967$724$207
25 years$2,070$1,578$1,187$883$651$175
26 years$1,969$1,483$1,101$808$586$148
27 years$1,876$1,396$1,023$739$529$125
28 years$1,790$1,315$951$677$477$105
29 years$1,709$1,241$885$621$431$89
30 years$1,635$1,172$824$570$389$75
31 years$1,565$1,108$768$524$352$64
32 years$1,499$1,048$717$481$318$54
33 years$1,438$993$669$442$288$45
34 years$1,381$941$625$407$261$38
35 years$1,326$892$585$375$236$32
36 years$1,275$847$547$345$214$27
37 years$1,227$804$512$318$194$23
38 years$1,182$764$479$293$176$20
39 years$1,139$727$449$270$160$17
40 years$1,098$692$421$249$145$14
41 years$1,059$658$395$230$131$12
42 years$1,022$627$370$212$119$10
43 years$987$597$347$196$108$9
44 years$954$569$326$181$98$7
45 years$922$543$306$167$89$6
46 years$892$518$288$154$81$5
47 years$863$494$270$143$73$4
48 years$836$472$254$132$67$4
49 years$809$451$239$122$61$3
50 years$784$430$224$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $803,000, adding $6,301 every year, while hoping to spend $45,473 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: 59/26/15 Blend
52$803,000$803,000$803,000$803,000
53$891,405$848,846$836,400$940,245
54$933,946$842,057$816,036$967,173
55$979,301$833,411$793,467$990,924
56$1,027,711$822,769$768,569$1,015,759
57$1,079,437$809,984$741,215$1,041,789
58$1,134,766$794,900$711,273$1,069,138
59$1,194,014$777,351$678,602$1,097,943
60$1,257,525$757,163$643,056$1,128,358
61$1,325,678$734,150$604,485$1,160,557
62$1,398,890$708,116$562,727$1,194,731
63$1,477,615$678,852$517,617$1,231,095
64$1,562,356$646,140$468,982$1,269,888
65$1,653,663$609,747$416,639$1,311,375
66$1,752,139$569,427$360,398$1,355,853
67$1,858,448$524,920$300,063$1,403,653
68$1,973,320$475,951$235,425$1,455,142
69$2,097,556$422,230$166,269$1,510,729
70$2,232,037$363,450$92,370$1,570,867
71$2,377,732$299,287$13,492$1,636,062
72$2,535,706$229,397$0$1,706,875
73$2,707,130$153,419$0$1,795,242
74$2,893,291$70,971$0$1,893,582
75$3,095,608$0$0$2,000,544
76$3,315,637$0$0$2,122,275
77$3,555,094$0$0$2,276,910
78$3,815,865$0$0$2,445,371
79$4,100,027$0$0$2,629,005
80$4,409,864$0$0$2,829,297
81$4,747,891$0$0$3,047,881
82$5,116,875$0$0$3,286,555
83$5,519,864$0$0$3,547,300
84$5,960,211$0$0$3,832,295
85$6,441,610$0$0$4,143,939
86$6,968,125$0$0$4,484,874
87$7,544,233$0$0$4,858,009
88$8,174,863$0$0$5,266,549
89$8,865,442$0$0$5,714,019
90$9,621,948$0$0$6,204,305
91$10,450,962$0$0$6,741,686
92$11,359,735$0$0$7,330,872
93$12,356,250$0$0$7,977,053
94$13,449,301$0$0$8,685,946
95$14,648,573$0$0$9,463,846
96$15,964,736$0$0$10,317,687
97$17,409,540$0$0$11,255,109
98$18,995,932$0$0$12,284,525
99$20,738,169$0$0$13,415,207
100$22,651,962$0$0$14,657,364