Can I retire at age 53 with 809,000?

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 $809,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$66,806$66,211$65,631$65,064$64,511$63,157
2 years$33,073$32,457$31,860$31,281$30,719$29,362
3 years$21,829$21,211$20,615$20,042$19,490$18,170
4 years$16,209$15,592$15,003$14,439$13,900$12,630
5 years$12,837$12,224$11,643$11,091$10,567$9,349
6 years$10,591$9,982$9,409$8,869$8,361$7,197
7 years$8,986$8,383$7,819$7,292$6,800$5,689
8 years$7,784$7,186$6,631$6,117$5,641$4,584
9 years$6,849$6,257$5,711$5,210$4,751$3,746
10 years$6,101$5,515$4,979$4,491$4,048$3,095
11 years$5,490$4,910$4,384$3,909$3,481$2,580
12 years$4,981$4,407$3,890$3,429$3,017$2,164
13 years$4,551$3,982$3,476$3,027$2,631$1,826
14 years$4,182$3,620$3,123$2,687$2,306$1,548
15 years$3,863$3,307$2,820$2,396$2,030$1,317
16 years$3,584$3,034$2,556$2,146$1,794$1,123
17 years$3,338$2,794$2,326$1,928$1,591$961
18 years$3,120$2,582$2,124$1,737$1,415$824
19 years$2,925$2,393$1,944$1,570$1,261$708
20 years$2,750$2,223$1,784$1,422$1,126$609
21 years$2,591$2,071$1,641$1,290$1,008$525
22 years$2,447$1,933$1,512$1,173$903$453
23 years$2,316$1,808$1,397$1,068$811$391
24 years$2,196$1,694$1,292$975$729$338
25 years$2,086$1,590$1,196$890$656$292
26 years$1,984$1,494$1,109$814$591$253
27 years$1,890$1,406$1,030$745$533$219
28 years$1,803$1,325$958$682$481$190
29 years$1,722$1,250$891$626$434$164
30 years$1,647$1,181$830$574$392$142
31 years$1,576$1,116$774$527$355$123
32 years$1,511$1,056$722$485$321$107
33 years$1,449$1,000$674$446$290$93
34 years$1,391$948$630$410$263$81
35 years$1,336$899$589$378$238$70
36 years$1,285$853$551$348$216$61
37 years$1,236$810$516$320$195$53
38 years$1,191$770$483$295$177$46
39 years$1,147$732$452$272$161$40
40 years$1,106$697$424$251$146$35
41 years$1,067$663$398$232$132$30
42 years$1,030$632$373$214$120$26
43 years$995$602$350$197$109$23
44 years$961$574$329$182$99$20
45 years$929$547$308$168$90$17
46 years$899$522$290$155$81$15
47 years$870$498$272$144$74$13
48 years$842$475$256$133$67$11
49 years$815$454$240$123$61$10
50 years$790$434$226$113$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $809,000, adding $2,366 every year, while hoping to spend $23,029 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: 65/7/28 Blend
52$809,000$809,000$809,000$809,000
53$893,959$851,082$838,542$945,302
54$960,640$868,282$842,131$997,498
55$1,033,350$885,553$845,067$1,051,760
56$1,112,681$902,875$847,306$1,110,568
57$1,199,283$920,224$848,799$1,174,371
58$1,293,871$937,576$849,495$1,243,667
59$1,397,233$954,904$849,340$1,319,002
60$1,510,237$972,180$848,279$1,400,980
61$1,633,837$989,373$846,253$1,490,264
62$1,769,086$1,006,450$843,200$1,587,589
63$1,917,141$1,023,374$839,055$1,693,762
64$2,079,277$1,040,107$833,751$1,809,675
65$2,256,898$1,056,608$827,217$1,936,309
66$2,451,551$1,072,831$819,378$2,074,748
67$2,664,939$1,088,729$810,157$2,226,186
68$2,898,938$1,104,252$799,472$2,391,938
69$3,155,613$1,119,343$787,238$2,573,456
70$3,437,239$1,133,945$773,364$2,772,340
71$3,746,324$1,147,995$757,758$2,990,354
72$4,085,628$1,161,425$740,322$3,229,441
73$4,458,192$1,174,165$720,953$3,491,745
74$4,867,366$1,186,138$699,543$3,779,630
75$5,316,841$1,197,262$675,981$4,095,701
76$5,810,681$1,207,450$650,149$4,442,829
77$6,353,366$1,216,611$621,925$4,824,181
78$6,949,831$1,224,646$591,180$5,243,246
79$7,605,509$1,231,450$557,781$5,703,871
80$8,326,391$1,236,911$521,587$6,210,299
81$9,119,075$1,240,911$482,451$6,767,203
82$9,990,828$1,243,324$440,221$7,379,738
83$10,949,662$1,244,015$394,738$8,053,585
84$12,004,399$1,242,844$345,833$8,795,005
85$13,164,762$1,239,658$293,333$9,610,901
86$14,441,463$1,234,297$237,055$10,508,883
87$15,846,306$1,226,591$176,810$11,497,337
88$17,392,295$1,216,359$112,399$12,585,508
89$19,093,759$1,203,411$43,614$13,783,587
90$20,966,488$1,187,543$0$15,102,805
91$23,027,877$1,168,540$0$16,564,443
92$25,297,096$1,146,174$0$18,187,731
93$27,795,268$1,120,205$0$19,974,737
94$30,545,666$1,090,375$0$21,942,113
95$33,573,936$1,056,416$0$24,108,208
96$36,908,336$1,018,039$0$26,493,242
97$40,580,006$974,943$0$29,119,498
98$44,623,258$926,806$0$32,011,528
99$49,075,900$873,289$0$35,196,391
100$53,979,595$814,034$0$38,703,901