Can I retire at age 53 with 813,000?

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 $813,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$67,137$66,539$65,955$65,386$64,830$63,083
2 years$33,236$32,617$32,017$31,435$30,871$29,124
3 years$21,937$21,316$20,717$20,141$19,586$17,893
4 years$16,289$15,669$15,077$14,510$13,969$12,343
5 years$12,901$12,285$11,700$11,145$10,619$9,065
6 years$10,643$10,032$9,456$8,913$8,402$6,921
7 years$9,031$8,424$7,858$7,328$6,833$5,425
8 years$7,822$7,221$6,664$6,147$5,669$4,333
9 years$6,883$6,287$5,740$5,236$4,774$3,510
10 years$6,131$5,542$5,004$4,514$4,068$2,873
11 years$5,517$4,934$4,405$3,928$3,498$2,371
12 years$5,006$4,428$3,910$3,446$3,032$1,970
13 years$4,573$4,002$3,493$3,042$2,644$1,646
14 years$4,203$3,638$3,138$2,700$2,317$1,380
15 years$3,882$3,323$2,834$2,408$2,040$1,162
16 years$3,602$3,049$2,569$2,156$1,803$981
17 years$3,355$2,808$2,338$1,937$1,599$830
18 years$3,135$2,595$2,134$1,746$1,422$704
19 years$2,939$2,405$1,954$1,578$1,267$598
20 years$2,763$2,234$1,793$1,429$1,132$509
21 years$2,604$2,081$1,649$1,297$1,013$433
22 years$2,459$1,943$1,520$1,179$908$370
23 years$2,328$1,817$1,403$1,074$815$315
24 years$2,207$1,703$1,298$979$733$269
25 years$2,096$1,598$1,202$894$659$230
26 years$1,994$1,502$1,115$818$594$197
27 years$1,900$1,413$1,035$749$535$168
28 years$1,812$1,332$962$686$483$144
29 years$1,731$1,256$896$629$436$123
30 years$1,655$1,186$834$577$394$106
31 years$1,584$1,122$778$530$356$90
32 years$1,518$1,061$726$487$322$77
33 years$1,456$1,005$678$448$292$66
34 years$1,398$952$633$412$264$57
35 years$1,343$903$592$379$239$49
36 years$1,291$857$554$349$217$42
37 years$1,242$814$518$322$196$36
38 years$1,196$774$485$297$178$31
39 years$1,153$736$455$274$161$26
40 years$1,111$700$426$252$146$23
41 years$1,072$667$400$233$133$19
42 years$1,035$635$375$215$121$17
43 years$1,000$605$352$198$109$14
44 years$966$577$330$183$99$12
45 years$934$550$310$169$90$10
46 years$903$524$291$156$82$9
47 years$874$500$274$144$74$8
48 years$846$478$257$133$68$7
49 years$819$456$242$123$61$6
50 years$794$436$227$114$56$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $813,000, adding $2,410 every year, while hoping to spend $25,866 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: 38/38/24 Blend
52$813,000$813,000$813,000$813,000
53$898,412$855,323$842,721$926,034
54$962,529$869,713$843,431$960,758
55$1,032,318$883,940$843,298$995,679
56$1,108,333$897,971$842,266$1,032,906
57$1,191,178$911,767$840,277$1,072,665
58$1,281,522$925,287$837,271$1,115,203
59$1,380,099$938,489$833,181$1,160,795
60$1,487,719$951,325$827,943$1,209,746
61$1,605,273$963,745$821,485$1,262,390
62$1,733,739$975,697$813,733$1,319,099
63$1,874,198$987,124$804,611$1,380,283
64$2,027,838$997,965$794,037$1,446,394
65$2,195,967$1,008,155$781,927$1,517,935
66$2,380,026$1,017,624$768,192$1,595,459
67$2,581,600$1,026,300$752,738$1,679,579
68$2,802,439$1,034,104$735,470$1,770,969
69$3,044,464$1,040,952$716,285$1,870,378
70$3,309,795$1,046,754$695,076$1,978,631
71$3,600,767$1,051,417$671,734$2,096,640
72$3,919,948$1,054,840$646,140$2,225,413
73$4,270,172$1,056,916$618,174$2,366,062
74$4,654,555$1,057,531$587,709$2,519,817
75$5,076,533$1,056,563$554,611$2,688,035
76$5,539,890$1,053,886$518,741$2,872,215
77$6,048,795$1,049,362$479,954$3,074,012
78$6,607,838$1,042,847$438,100$3,295,254
79$7,222,079$1,034,188$393,018$3,537,960
80$7,897,091$1,023,223$344,543$3,804,356
81$8,639,012$1,009,778$292,503$4,096,902
82$9,454,606$993,672$236,716$4,418,314
83$10,351,324$974,711$176,995$4,771,587
84$11,337,377$952,689$113,142$5,160,030
85$12,421,809$927,391$44,952$5,587,292
86$13,614,586$898,585$0$6,057,402
87$14,926,687$866,029$0$6,581,930
88$16,370,210$829,466$0$7,171,404
89$17,958,484$788,622$0$7,819,774
90$19,706,195$743,210$0$8,533,075
91$21,629,525$692,926$0$9,317,960
92$23,746,303$637,446$0$10,181,768
93$26,076,176$576,430$0$11,132,589
94$28,640,790$509,519$0$12,179,344
95$31,463,997$436,332$0$13,331,869
96$34,572,079$356,467$0$14,601,009
97$37,993,996$269,499$0$15,998,722
98$41,761,660$174,980$0$17,538,191
99$45,910,231$72,437$0$19,233,951
100$50,478,457$0$0$21,102,028