Can I retire at age 53 with 812,000?

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 $812,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$67,054$66,457$65,874$65,305$64,750$63,941
2 years$33,195$32,577$31,978$31,397$30,833$30,019
3 years$21,910$21,289$20,692$20,116$19,562$18,768
4 years$16,269$15,650$15,058$14,493$13,952$13,184
5 years$12,885$12,270$11,686$11,132$10,606$9,867
6 years$10,630$10,019$9,444$8,902$8,392$7,683
7 years$9,020$8,414$7,848$7,319$6,825$6,145
8 years$7,812$7,212$6,656$6,140$5,662$5,012
9 years$6,874$6,280$5,733$5,230$4,768$4,148
10 years$6,124$5,535$4,998$4,508$4,063$3,471
11 years$5,510$4,928$4,400$3,923$3,494$2,931
12 years$5,000$4,423$3,905$3,441$3,028$2,493
13 years$4,568$3,997$3,489$3,038$2,640$2,132
14 years$4,198$3,633$3,135$2,697$2,315$1,833
15 years$3,877$3,319$2,830$2,405$2,038$1,582
16 years$3,597$3,045$2,566$2,154$1,801$1,370
17 years$3,351$2,804$2,335$1,935$1,597$1,190
18 years$3,132$2,591$2,131$1,744$1,420$1,036
19 years$2,936$2,402$1,951$1,576$1,266$904
20 years$2,760$2,232$1,791$1,427$1,131$790
21 years$2,601$2,079$1,647$1,295$1,012$691
22 years$2,456$1,940$1,518$1,178$907$606
23 years$2,325$1,815$1,402$1,072$814$532
24 years$2,204$1,700$1,296$978$732$467
25 years$2,093$1,596$1,201$893$658$411
26 years$1,991$1,500$1,114$817$593$362
27 years$1,897$1,411$1,034$748$535$318
28 years$1,810$1,330$961$685$482$281
29 years$1,729$1,255$895$628$436$247
30 years$1,653$1,185$833$576$394$218
31 years$1,582$1,120$777$529$356$192
32 years$1,516$1,060$725$487$322$170
33 years$1,454$1,004$677$447$291$150
34 years$1,396$951$632$412$264$132
35 years$1,341$902$591$379$239$117
36 years$1,290$856$553$349$216$103
37 years$1,241$813$518$322$196$91
38 years$1,195$773$485$296$178$81
39 years$1,151$735$454$273$161$71
40 years$1,110$699$426$252$146$63
41 years$1,071$666$399$233$133$56
42 years$1,034$634$374$215$120$49
43 years$998$604$351$198$109$44
44 years$965$576$330$183$99$39
45 years$933$549$310$169$90$34
46 years$902$524$291$156$82$30
47 years$873$500$273$144$74$27
48 years$845$477$257$133$67$24
49 years$818$456$241$123$61$21
50 years$793$435$227$114$56$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $812,000, adding $4,602 every year, while hoping to spend $35,469 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: 62/18/20 Blend
52$812,000$812,000$812,000$812,000
53$899,571$856,535$843,949$950,424
54$953,588$860,766$834,483$989,520
55$1,011,927$864,016$823,510$1,027,818
56$1,074,990$866,200$810,944$1,068,816
57$1,143,220$867,225$796,692$1,112,782
58$1,217,105$866,996$780,658$1,160,008
59$1,297,181$865,409$762,741$1,210,822
60$1,384,036$862,357$742,836$1,265,584
61$1,478,319$857,723$720,832$1,324,691
62$1,580,741$851,386$696,613$1,388,584
63$1,692,087$843,214$670,060$1,457,748
64$1,813,219$833,070$641,046$1,532,721
65$1,945,085$820,809$609,439$1,614,097
66$2,088,730$806,274$575,101$1,702,530
67$2,245,301$789,302$537,888$1,798,745
68$2,416,063$769,720$497,649$1,903,542
69$2,602,409$747,343$454,227$2,017,805
70$2,805,868$721,977$407,457$2,142,508
71$3,028,128$693,415$357,168$2,278,731
72$3,271,044$661,439$303,180$2,427,663
73$3,536,660$625,819$245,306$2,590,618
74$3,827,226$586,311$183,351$2,769,047
75$4,145,220$542,657$117,109$2,964,552
76$4,493,368$494,583$46,369$3,178,901
77$4,874,676$441,802$0$3,414,047
78$5,292,451$384,008$0$3,678,359
79$5,750,337$320,880$0$3,978,965
80$6,252,346$252,078$0$4,308,636
81$6,802,897$177,242$0$4,670,323
82$7,406,858$95,992$0$5,067,281
83$8,069,590$7,929$0$5,503,095
84$8,796,999$0$0$5,981,721
85$9,595,589$0$0$6,524,825
86$10,472,526$0$0$7,122,999
87$11,435,704$0$0$7,780,064
88$12,493,818$0$0$8,501,962
89$13,656,447$0$0$9,295,236
90$14,934,144$0$0$10,167,095
91$16,338,535$0$0$11,125,481
92$17,882,430$0$0$12,179,145
93$19,579,939$0$0$13,337,727
94$21,446,609$0$0$14,611,849
95$23,499,569$0$0$16,013,211
96$25,757,691$0$0$17,554,708
97$28,241,768$0$0$19,250,544
98$30,974,711$0$0$21,116,370
99$33,981,760$0$0$23,169,433
100$37,290,729$0$0$25,428,732