Can I retire at age 53 with 807,000?

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 $807,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$66,641$66,048$65,469$64,903$64,351$62,391
2 years$32,991$32,376$31,781$31,203$30,643$28,686
3 years$21,775$21,158$20,564$19,992$19,441$17,547
4 years$16,169$15,554$14,966$14,403$13,866$12,050
5 years$12,806$12,194$11,614$11,063$10,541$8,807
6 years$10,564$9,957$9,386$8,847$8,340$6,692
7 years$8,964$8,362$7,800$7,274$6,783$5,219
8 years$7,764$7,168$6,615$6,102$5,627$4,146
9 years$6,832$6,241$5,697$5,197$4,739$3,340
10 years$6,086$5,501$4,967$4,480$4,038$2,719
11 years$5,476$4,897$4,373$3,899$3,473$2,231
12 years$4,969$4,396$3,881$3,420$3,009$1,843
13 years$4,539$3,972$3,467$3,019$2,624$1,530
14 years$4,172$3,611$3,115$2,680$2,300$1,275
15 years$3,854$3,298$2,813$2,390$2,025$1,067
16 years$3,575$3,026$2,550$2,140$1,790$895
17 years$3,330$2,787$2,321$1,923$1,587$752
18 years$3,112$2,575$2,118$1,733$1,411$634
19 years$2,918$2,387$1,939$1,566$1,258$535
20 years$2,743$2,218$1,780$1,418$1,124$452
21 years$2,585$2,066$1,637$1,287$1,005$382
22 years$2,441$1,929$1,509$1,170$901$324
23 years$2,310$1,804$1,393$1,066$809$274
24 years$2,191$1,690$1,288$972$727$232
25 years$2,081$1,586$1,193$888$654$197
26 years$1,979$1,491$1,107$812$589$167
27 years$1,885$1,403$1,028$743$531$142
28 years$1,799$1,322$955$681$479$121
29 years$1,718$1,247$889$624$433$103
30 years$1,643$1,178$828$573$391$87
31 years$1,572$1,113$772$526$354$74
32 years$1,507$1,053$720$484$320$63
33 years$1,445$998$673$445$290$54
34 years$1,387$945$628$409$262$46
35 years$1,333$897$588$377$237$39
36 years$1,282$851$550$347$215$33
37 years$1,233$808$514$320$195$28
38 years$1,188$768$482$295$177$24
39 years$1,144$731$451$272$160$20
40 years$1,103$695$423$251$145$17
41 years$1,064$662$397$231$132$15
42 years$1,027$630$372$213$120$13
43 years$992$600$349$197$109$11
44 years$959$572$328$182$99$9
45 years$927$546$308$168$90$8
46 years$897$521$289$155$81$7
47 years$868$497$272$143$74$6
48 years$840$474$255$132$67$5
49 years$813$453$240$122$61$4
50 years$788$433$225$113$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $807,000, adding $6,614 every year, while hoping to spend $27,727 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: 45/28/27 Blend
52$807,000$807,000$807,000$807,000
53$896,136$853,365$840,857$929,213
54$958,041$865,679$839,524$965,650
55$1,025,331$877,667$837,218$1,001,961
56$1,098,525$889,283$833,875$1,040,803
57$1,178,197$900,480$829,432$1,082,429
58$1,264,975$911,206$823,820$1,127,117
59$1,359,552$921,405$816,968$1,175,174
60$1,462,692$931,019$808,802$1,226,940
61$1,575,232$939,984$799,242$1,282,791
62$1,698,097$948,235$788,208$1,343,143
63$1,832,303$955,698$775,613$1,408,455
64$1,978,969$962,299$761,368$1,479,235
65$2,139,328$967,956$745,378$1,556,044
66$2,314,737$972,583$727,545$1,639,502
67$2,506,689$976,088$707,767$1,730,294
68$2,716,829$978,375$685,935$1,829,178
69$2,946,969$979,339$661,937$1,936,989
70$3,199,104$978,870$635,656$2,054,653
71$3,475,430$976,852$606,968$2,183,190
72$3,778,367$973,161$575,745$2,323,728
73$4,110,579$967,665$541,851$2,477,511
74$4,475,002$960,224$505,147$2,645,916
75$4,874,868$950,691$465,485$2,830,461
76$5,313,738$938,908$422,712$3,032,822
77$5,795,534$924,709$376,668$3,254,852
78$6,324,577$907,919$327,185$3,498,595
79$6,905,626$888,349$274,087$3,766,307
80$7,543,925$865,802$217,194$4,060,480
81$8,245,248$840,070$156,313$4,383,862
82$9,015,959$810,929$91,245$4,739,489
83$9,863,068$778,146$21,783$5,130,711
84$10,794,299$741,472$0$5,561,223
85$11,818,158$700,645$0$6,050,185
86$12,944,020$655,387$0$6,594,696
87$14,182,213$605,404$0$7,193,508
88$15,544,116$550,386$0$7,852,171
89$17,042,266$490,005$0$8,576,807
90$18,690,475$423,913$0$9,374,163
91$20,503,964$351,745$0$10,251,677
92$22,499,500$273,113$0$11,217,552
93$24,695,562$187,608$0$12,280,829
94$27,112,507$94,798$0$13,451,477
95$29,772,767$0$0$14,740,484
96$32,701,059$0$0$16,161,745
97$35,924,619$0$0$17,758,585
98$39,473,455$0$0$19,516,675
99$43,380,635$0$0$21,452,412
100$47,682,596$0$0$23,583,863