Can I retire at age 53 with 810,000?

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 $810,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$66,889$66,293$65,712$65,145$64,591$62,274
2 years$33,113$32,497$31,899$31,319$30,757$28,449
3 years$21,856$21,237$20,641$20,067$19,514$17,285
4 years$16,229$15,611$15,021$14,457$13,917$11,786
5 years$12,853$12,240$11,657$11,104$10,580$8,551
6 years$10,604$9,994$9,421$8,880$8,371$6,448
7 years$8,997$8,393$7,829$7,301$6,808$4,988
8 years$7,793$7,195$6,639$6,125$5,648$3,931
9 years$6,857$6,264$5,718$5,217$4,756$3,139
10 years$6,109$5,522$4,985$4,497$4,053$2,533
11 years$5,497$4,916$4,389$3,914$3,486$2,060
12 years$4,987$4,412$3,895$3,433$3,020$1,685
13 years$4,556$3,987$3,480$3,031$2,634$1,386
14 years$4,187$3,624$3,127$2,690$2,309$1,144
15 years$3,868$3,311$2,823$2,399$2,033$948
16 years$3,589$3,038$2,560$2,148$1,797$787
17 years$3,342$2,797$2,329$1,930$1,593$655
18 years$3,124$2,585$2,126$1,739$1,416$546
19 years$2,929$2,396$1,946$1,572$1,263$456
20 years$2,753$2,226$1,786$1,424$1,128$381
21 years$2,594$2,074$1,643$1,292$1,009$319
22 years$2,450$1,936$1,514$1,175$905$267
23 years$2,319$1,810$1,398$1,070$812$224
24 years$2,199$1,696$1,293$976$730$188
25 years$2,088$1,592$1,198$891$657$157
26 years$1,987$1,496$1,111$815$592$132
27 years$1,892$1,408$1,031$746$533$111
28 years$1,805$1,327$959$683$481$93
29 years$1,724$1,252$892$627$435$78
30 years$1,649$1,182$831$575$393$66
31 years$1,578$1,117$775$528$355$55
32 years$1,512$1,057$723$485$321$46
33 years$1,451$1,001$675$446$291$39
34 years$1,393$949$631$411$263$33
35 years$1,338$900$590$378$238$28
36 years$1,286$854$552$348$216$23
37 years$1,238$811$516$321$196$19
38 years$1,192$771$484$296$177$16
39 years$1,149$733$453$273$161$14
40 years$1,107$698$425$251$146$12
41 years$1,068$664$398$232$132$10
42 years$1,031$632$373$214$120$8
43 years$996$603$350$198$109$7
44 years$962$574$329$183$99$6
45 years$930$548$309$169$90$5
46 years$900$523$290$156$82$4
47 years$871$499$273$144$74$3
48 years$843$476$256$133$67$3
49 years$816$455$241$123$61$2
50 years$791$434$226$114$55$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $810,000, adding $3,306 every year, while hoping to spend $37,687 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: 51/41/8 Blend
52$810,000$810,000$810,000$810,000
53$896,030$853,100$840,545$939,738
54$947,327$854,803$828,605$971,567
55$1,002,592$855,327$815,001$1,001,822
56$1,062,192$854,573$799,639$1,033,821
57$1,126,527$852,439$782,418$1,067,738
58$1,196,038$848,813$763,234$1,103,762
59$1,271,209$843,580$741,978$1,142,109
60$1,352,572$836,616$718,534$1,183,013
61$1,440,713$827,789$692,784$1,226,739
62$1,536,275$816,960$664,602$1,273,576
63$1,639,966$803,982$633,856$1,323,850
64$1,752,563$788,697$600,411$1,377,918
65$1,874,923$770,942$564,124$1,436,179
66$2,007,987$750,540$524,843$1,499,074
67$2,152,791$727,305$482,415$1,567,092
68$2,310,474$701,042$436,675$1,640,778
69$2,482,291$671,542$387,452$1,720,731
70$2,669,623$638,585$334,569$1,807,618
71$2,873,987$601,939$277,840$1,902,179
72$3,097,056$561,357$217,071$2,005,230
73$3,340,672$516,579$152,058$2,117,678
74$3,606,859$467,330$82,590$2,240,526
75$3,897,848$413,319$8,447$2,374,883
76$4,216,096$354,238$0$2,521,980
77$4,564,306$289,764$0$2,689,210
78$4,945,455$219,553$0$2,873,206
79$5,362,823$143,243$0$3,074,934
80$5,820,020$60,450$0$3,296,258
81$6,321,022$0$0$3,539,239
82$6,870,208$0$0$3,819,342
83$7,472,401$0$0$4,156,468
84$8,132,912$0$0$4,526,328
85$8,857,593$0$0$4,932,211
86$9,652,888$0$0$5,377,736
87$10,525,896$0$0$5,866,891
88$11,484,435$0$0$6,404,069
89$12,537,119$0$0$6,994,111
90$13,693,437$0$0$7,642,347
91$14,963,842$0$0$8,354,650
92$16,359,849$0$0$9,137,491
93$17,894,144$0$0$9,997,998
94$19,580,703$0$0$10,944,024
95$21,434,924$0$0$11,984,220
96$23,473,771$0$0$13,128,120
97$25,715,933$0$0$14,386,225
98$28,182,003$0$0$15,770,106
99$30,894,668$0$0$17,292,513
100$33,878,925$0$0$18,967,491