Can I retire at age 53 with 808,000?

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 $808,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$66,724$66,130$65,550$64,984$64,431$62,519
2 years$33,032$32,416$31,820$31,242$30,681$28,771
3 years$21,802$21,185$20,590$20,017$19,466$17,616
4 years$16,189$15,573$14,984$14,421$13,883$12,109
5 years$12,822$12,209$11,628$11,077$10,554$8,860
6 years$10,577$9,970$9,397$8,858$8,351$6,739
7 years$8,975$8,373$7,809$7,283$6,791$5,262
8 years$7,774$7,177$6,623$6,109$5,634$4,185
9 years$6,840$6,249$5,704$5,204$4,745$3,376
10 years$6,094$5,508$4,973$4,486$4,043$2,751
11 years$5,483$4,903$4,378$3,904$3,477$2,261
12 years$4,975$4,401$3,886$3,424$3,013$1,869
13 years$4,545$3,977$3,472$3,023$2,627$1,554
14 years$4,177$3,615$3,119$2,684$2,303$1,297
15 years$3,858$3,303$2,816$2,393$2,028$1,087
16 years$3,580$3,030$2,553$2,143$1,792$913
17 years$3,334$2,791$2,323$1,925$1,589$769
18 years$3,116$2,579$2,121$1,735$1,413$649
19 years$2,921$2,390$1,942$1,568$1,259$548
20 years$2,746$2,221$1,782$1,420$1,125$464
21 years$2,588$2,069$1,639$1,289$1,007$393
22 years$2,444$1,931$1,511$1,172$902$333
23 years$2,313$1,806$1,395$1,067$810$283
24 years$2,193$1,692$1,290$973$728$240
25 years$2,083$1,588$1,195$889$655$204
26 years$1,982$1,492$1,108$813$590$173
27 years$1,888$1,404$1,029$744$532$148
28 years$1,801$1,323$957$682$480$126
29 years$1,720$1,249$890$625$433$107
30 years$1,645$1,179$829$574$392$91
31 years$1,574$1,115$773$527$354$77
32 years$1,509$1,055$721$484$320$66
33 years$1,447$999$673$445$290$56
34 years$1,389$947$629$410$262$48
35 years$1,335$898$588$377$238$41
36 years$1,283$852$550$347$215$35
37 years$1,235$809$515$320$195$30
38 years$1,189$769$482$295$177$25
39 years$1,146$731$452$272$160$21
40 years$1,105$696$424$251$146$18
41 years$1,066$662$397$231$132$16
42 years$1,029$631$373$214$120$13
43 years$994$601$350$197$109$11
44 years$960$573$328$182$99$10
45 years$928$546$308$168$90$8
46 years$898$521$289$155$81$7
47 years$869$497$272$143$74$6
48 years$841$475$255$133$67$5
49 years$814$453$240$123$61$4
50 years$789$433$226$113$55$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $808,000, adding $5,336 every year, while hoping to spend $34,696 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: 34/36/30 Blend
52$808,000$808,000$808,000$808,000
53$895,920$853,096$840,572$918,123
54$950,388$857,982$831,815$940,306
55$1,009,248$861,943$821,602$960,762
56$1,072,913$864,900$809,847$982,163
57$1,141,834$866,764$796,461$1,004,617
58$1,216,509$867,444$781,350$1,028,247
59$1,297,484$866,840$764,416$1,053,191
60$1,385,361$864,848$745,558$1,079,602
61$1,480,801$861,359$724,667$1,107,654
62$1,584,530$856,253$701,631$1,137,539
63$1,697,350$849,407$676,333$1,169,474
64$1,820,140$840,688$648,651$1,203,702
65$1,953,869$829,957$618,455$1,240,491
66$2,099,602$817,064$585,613$1,280,145
67$2,258,514$801,852$549,983$1,322,999
68$2,431,894$784,154$511,418$1,369,429
69$2,621,163$763,794$469,767$1,419,854
70$2,827,886$740,584$424,869$1,474,739
71$3,053,786$714,328$376,557$1,534,604
72$3,300,756$684,814$324,656$1,600,024
73$3,570,886$651,823$268,984$1,671,643
74$3,866,472$615,118$209,351$1,750,174
75$4,190,046$574,452$145,558$1,836,409
76$4,544,394$529,564$77,398$1,931,231
77$4,932,585$480,175$4,653$2,035,616
78$5,357,998$425,993$0$2,150,651
79$5,824,355$366,709$0$2,300,900
80$6,335,756$301,994$0$2,467,447
81$6,896,715$231,504$0$2,650,362
82$7,512,206$154,873$0$2,851,370
83$8,187,705$71,716$0$3,072,377
84$8,929,247$0$0$3,315,488
85$9,743,478$0$0$3,590,310
86$10,637,719$0$0$3,923,462
87$11,620,035$0$0$4,289,555
88$12,699,311$0$0$4,691,914
89$13,885,335$0$0$5,134,207
90$15,188,891$0$0$5,620,470
91$16,621,858$0$0$6,155,153
92$18,197,324$0$0$6,743,158
93$19,929,709$0$0$7,389,885
94$21,834,900$0$0$8,101,284
95$23,930,399$0$0$8,883,912
96$26,235,491$0$0$9,744,990
97$28,771,425$0$0$10,692,479
98$31,561,612$0$0$11,735,147
99$34,631,846$0$0$12,882,656
100$38,010,548$0$0$14,145,652