Can I retire at age 53 with 811,000?

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 $811,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$66,972$66,375$65,793$65,225$64,670$64,182
2 years$33,154$32,537$31,938$31,358$30,795$30,303
3 years$21,883$21,263$20,666$20,091$19,538$19,057
4 years$16,249$15,631$15,040$14,475$13,935$13,469
5 years$12,869$12,255$11,671$11,118$10,593$10,143
6 years$10,617$10,007$9,432$8,891$8,382$7,949
7 years$9,008$8,404$7,838$7,310$6,817$6,401
8 years$7,803$7,204$6,647$6,132$5,655$5,256
9 years$6,866$6,272$5,725$5,223$4,762$4,381
10 years$6,116$5,528$4,992$4,502$4,058$3,693
11 years$5,504$4,922$4,395$3,918$3,490$3,141
12 years$4,993$4,417$3,900$3,437$3,024$2,692
13 years$4,562$3,992$3,484$3,034$2,637$2,321
14 years$4,193$3,629$3,131$2,694$2,312$2,011
15 years$3,873$3,315$2,827$2,402$2,035$1,750
16 years$3,593$3,041$2,563$2,151$1,799$1,528
17 years$3,347$2,801$2,332$1,933$1,595$1,338
18 years$3,128$2,588$2,129$1,742$1,418$1,175
19 years$2,932$2,399$1,949$1,574$1,264$1,034
20 years$2,756$2,229$1,789$1,425$1,129$912
21 years$2,597$2,076$1,645$1,294$1,010$805
22 years$2,453$1,938$1,516$1,176$906$712
23 years$2,322$1,813$1,400$1,071$813$631
24 years$2,201$1,698$1,295$977$731$559
25 years$2,091$1,594$1,199$892$658$496
26 years$1,989$1,498$1,112$816$592$441
27 years$1,895$1,410$1,033$747$534$392
28 years$1,808$1,328$960$684$482$349
29 years$1,726$1,253$893$627$435$310
30 years$1,651$1,183$832$576$393$276
31 years$1,580$1,119$776$529$355$246
32 years$1,514$1,059$724$486$322$220
33 years$1,452$1,003$676$447$291$196
34 years$1,394$950$632$411$263$175
35 years$1,340$901$590$379$239$156
36 years$1,288$855$552$349$216$139
37 years$1,239$812$517$321$196$124
38 years$1,193$772$484$296$178$111
39 years$1,150$734$454$273$161$99
40 years$1,109$698$425$252$146$88
41 years$1,070$665$399$232$133$79
42 years$1,033$633$374$214$120$71
43 years$997$603$351$198$109$63
44 years$964$575$329$183$99$56
45 years$932$548$309$169$90$50
46 years$901$523$290$156$82$45
47 years$872$499$273$144$74$40
48 years$844$477$256$133$67$36
49 years$817$455$241$123$61$32
50 years$792$435$227$114$56$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $811,000, adding $5,191 every year, while hoping to spend $37,911 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: 65/18/17 Blend
52$811,000$811,000$811,000$811,000
53$899,077$856,094$843,523$953,426
54$950,445$857,705$831,444$992,096
55$1,005,783$858,125$817,690$1,029,500
56$1,065,455$857,255$802,164$1,069,457
57$1,129,861$854,990$784,766$1,112,216
58$1,199,442$851,220$765,391$1,158,054
59$1,274,682$845,827$743,929$1,207,275
60$1,356,113$838,685$720,264$1,260,217
61$1,444,319$829,663$694,275$1,317,253
62$1,539,943$818,621$665,837$1,378,795
63$1,643,693$805,409$634,818$1,445,298
64$1,756,345$789,870$601,080$1,517,265
65$1,878,756$771,836$564,480$1,595,252
66$2,011,865$751,132$524,866$1,679,873
67$2,156,707$727,570$482,081$1,771,807
68$2,314,422$700,952$435,962$1,871,803
69$2,486,263$671,068$386,336$1,980,689
70$2,673,608$637,696$333,024$2,099,380
71$2,877,975$600,603$275,840$2,228,886
72$3,101,035$559,539$214,587$2,370,322
73$3,344,626$514,242$149,061$2,524,920
74$3,610,773$464,435$79,050$2,694,042
75$3,901,705$409,825$4,331$2,879,188
76$4,219,874$350,102$0$3,082,017
77$4,567,983$284,939$0$3,318,038
78$4,949,006$213,989$0$3,577,322
79$5,366,219$136,889$0$3,861,360
80$5,823,228$53,252$0$4,172,661
81$6,324,007$0$0$4,513,995
82$6,872,929$0$0$4,895,808
83$7,474,813$0$0$5,326,079
84$8,134,967$0$0$5,798,061
85$8,859,234$0$0$6,315,939
86$9,654,053$0$0$6,884,325
87$10,526,516$0$0$7,508,298
88$11,484,434$0$0$8,193,452
89$12,536,413$0$0$8,945,949
90$13,691,931$0$0$9,772,580
91$14,961,432$0$0$10,680,822
92$16,356,418$0$0$11,678,915
93$17,889,565$0$0$12,775,937
94$19,574,833$0$0$13,981,886
95$21,427,605$0$0$15,307,780
96$23,464,828$0$0$16,765,758
97$25,705,174$0$0$18,369,191
98$28,169,214$0$0$20,132,815
99$30,879,612$0$0$22,072,862
100$33,861,340$0$0$24,207,219