Can I retire at age 53 with 806,000?

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 $806,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$66,559$65,966$65,387$64,823$64,272$61,697
2 years$32,950$32,336$31,741$31,165$30,606$28,044
3 years$21,748$21,132$20,539$19,968$19,417$16,950
4 years$16,149$15,534$14,947$14,386$13,849$11,494
5 years$12,790$12,179$11,599$11,049$10,528$8,291
6 years$10,551$9,945$9,374$8,836$8,330$6,213
7 years$8,953$8,352$7,790$7,265$6,775$4,777
8 years$7,755$7,159$6,606$6,094$5,620$3,739
9 years$6,823$6,233$5,690$5,191$4,733$2,966
10 years$6,079$5,494$4,961$4,475$4,033$2,377
11 years$5,470$4,891$4,367$3,894$3,468$1,919
12 years$4,963$4,390$3,876$3,416$3,006$1,559
13 years$4,534$3,967$3,463$3,016$2,621$1,272
14 years$4,167$3,606$3,111$2,677$2,297$1,042
15 years$3,849$3,294$2,809$2,387$2,023$856
16 years$3,571$3,023$2,547$2,138$1,788$706
17 years$3,326$2,784$2,318$1,921$1,585$582
18 years$3,108$2,572$2,116$1,731$1,409$482
19 years$2,914$2,384$1,937$1,564$1,256$399
20 years$2,739$2,215$1,778$1,417$1,122$330
21 years$2,581$2,063$1,635$1,286$1,004$274
22 years$2,438$1,926$1,507$1,169$900$228
23 years$2,307$1,801$1,391$1,065$808$189
24 years$2,188$1,688$1,287$971$726$157
25 years$2,078$1,584$1,192$887$654$131
26 years$1,977$1,489$1,105$811$589$109
27 years$1,883$1,401$1,026$742$531$90
28 years$1,796$1,320$954$680$479$75
29 years$1,716$1,245$888$624$432$63
30 years$1,641$1,176$827$572$391$52
31 years$1,571$1,112$771$526$353$43
32 years$1,505$1,052$719$483$320$36
33 years$1,443$996$672$444$289$30
34 years$1,386$944$628$409$262$25
35 years$1,331$896$587$376$237$21
36 years$1,280$850$549$346$215$17
37 years$1,232$807$514$319$195$15
38 years$1,186$767$481$294$177$12
39 years$1,143$730$451$271$160$10
40 years$1,102$694$423$250$145$8
41 years$1,063$661$396$231$132$7
42 years$1,026$629$372$213$120$6
43 years$991$600$349$197$108$5
44 years$958$572$327$182$98$4
45 years$926$545$307$168$89$3
46 years$895$520$289$155$81$3
47 years$866$496$271$143$74$2
48 years$839$474$255$132$67$2
49 years$812$452$240$122$61$2
50 years$787$432$225$113$55$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $806,000, adding $2,566 every year, while hoping to spend $48,440 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: 75/13/12 Blend
52$806,000$806,000$806,000$806,000
53$890,859$848,141$835,648$955,363
54$930,187$838,160$812,102$988,294
55$971,902$826,066$786,144$1,018,045
56$1,016,199$811,706$757,642$1,049,308
57$1,063,285$794,914$726,458$1,082,218
58$1,113,393$775,518$692,447$1,116,924
59$1,166,774$753,333$655,459$1,153,591
60$1,223,705$728,165$615,336$1,192,400
61$1,284,486$699,809$571,913$1,233,553
62$1,349,450$668,046$525,019$1,277,274
63$1,418,960$632,646$474,473$1,323,808
64$1,493,413$593,365$420,087$1,373,429
65$1,573,247$549,946$361,666$1,426,437
66$1,658,940$502,115$299,004$1,483,167
67$1,751,018$449,585$231,887$1,543,987
68$1,850,059$392,052$160,092$1,609,306
69$1,956,696$329,193$83,385$1,679,574
70$2,071,624$260,669$1,524$1,755,290
71$2,195,609$186,121$0$1,837,005
72$2,329,489$105,169$0$1,936,320
73$2,474,188$17,413$0$2,043,841
74$2,630,719$0$0$2,160,153
75$2,800,198$0$0$2,297,213
76$2,983,850$0$0$2,448,461
77$3,183,022$0$0$2,612,519
78$3,399,197$0$0$2,790,613
79$3,634,004$0$0$2,984,088
80$3,889,236$0$0$3,194,425
81$4,166,865$0$0$3,423,255
82$4,469,062$0$0$3,672,370
83$4,798,214$0$0$3,943,743
84$5,156,949$0$0$4,239,545
85$5,548,158$0$0$4,562,165
86$5,975,024$0$0$4,914,233
87$6,441,051$0$0$5,298,644
88$6,950,095$0$0$5,718,585
89$7,506,400$0$0$6,177,563
90$8,114,642$0$0$6,679,441
91$8,779,966$0$0$7,228,471
92$9,508,039$0$0$7,829,336
93$10,305,099$0$0$8,487,190
94$11,178,017$0$0$9,207,713
95$12,134,360$0$0$9,997,157
96$13,182,459$0$0$10,862,406
97$14,331,492$0$0$11,811,046
98$15,591,566$0$0$12,851,428
99$16,973,813$0$0$13,992,752
100$18,490,493$0$0$15,245,151