Can I retire at age 53 with 816,000?

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 $816,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$67,385$66,784$66,199$65,627$65,069$64,713
2 years$33,359$32,737$32,135$31,551$30,985$30,626
3 years$22,018$21,394$20,794$20,215$19,658$19,307
4 years$16,349$15,727$15,132$14,564$14,020$13,680
5 years$12,949$12,330$11,743$11,187$10,658$10,329
6 years$10,682$10,069$9,490$8,946$8,433$8,117
7 years$9,064$8,456$7,887$7,355$6,859$6,554
8 years$7,851$7,248$6,688$6,170$5,690$5,397
9 years$6,908$6,311$5,761$5,255$4,792$4,511
10 years$6,154$5,563$5,022$4,530$4,083$3,814
11 years$5,538$4,952$4,422$3,943$3,511$3,255
12 years$5,024$4,445$3,924$3,458$3,043$2,798
13 years$4,590$4,017$3,506$3,053$2,653$2,420
14 years$4,218$3,651$3,150$2,710$2,326$2,103
15 years$3,897$3,335$2,844$2,417$2,048$1,836
16 years$3,615$3,060$2,579$2,164$1,810$1,609
17 years$3,367$2,818$2,346$1,944$1,605$1,414
18 years$3,147$2,604$2,142$1,752$1,427$1,246
19 years$2,950$2,413$1,961$1,583$1,272$1,100
20 years$2,773$2,243$1,800$1,434$1,136$974
21 years$2,613$2,089$1,655$1,302$1,017$863
22 years$2,468$1,950$1,526$1,183$911$766
23 years$2,336$1,824$1,409$1,078$818$681
24 years$2,215$1,709$1,303$983$735$606
25 years$2,104$1,604$1,207$898$662$540
26 years$2,001$1,507$1,119$821$596$482
27 years$1,907$1,418$1,039$751$537$430
28 years$1,819$1,337$966$688$485$384
29 years$1,737$1,261$899$631$438$343
30 years$1,661$1,191$837$579$396$307
31 years$1,590$1,126$781$532$358$275
32 years$1,524$1,065$728$489$324$246
33 years$1,461$1,009$680$450$293$220
34 years$1,403$956$635$414$265$197
35 years$1,348$907$594$381$240$177
36 years$1,296$861$556$351$218$158
37 years$1,247$817$520$323$197$142
38 years$1,201$777$487$298$179$127
39 years$1,157$739$456$275$162$114
40 years$1,116$703$428$253$147$102
41 years$1,076$669$401$234$133$92
42 years$1,039$637$376$216$121$82
43 years$1,003$607$353$199$110$74
44 years$970$579$331$184$100$66
45 years$937$552$311$170$91$60
46 years$907$526$292$157$82$54
47 years$877$502$275$145$75$48
48 years$849$480$258$134$68$43
49 years$822$458$243$124$62$39
50 years$797$437$228$114$56$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $816,000, adding $6,336 every year, while hoping to spend $23,670 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: 70/20/10 Blend
52$816,000$816,000$816,000$816,000
53$905,768$862,520$849,872$966,947
54$972,971$879,598$853,158$1,025,393
55$1,046,236$896,721$855,760$1,085,838
56$1,126,156$913,864$857,632$1,151,347
57$1,213,384$931,003$858,722$1,222,414
58$1,308,638$948,111$858,978$1,299,583
59$1,412,709$965,159$858,345$1,383,451
60$1,526,470$982,116$856,764$1,474,678
61$1,650,879$998,949$854,174$1,573,992
62$1,786,992$1,015,620$850,512$1,682,192
63$1,935,972$1,032,092$845,711$1,800,161
64$2,099,098$1,048,322$839,700$1,928,869
65$2,277,782$1,064,266$832,406$2,069,389
66$2,473,576$1,079,875$823,752$2,222,899
67$2,688,190$1,095,098$813,657$2,390,700
68$2,923,507$1,109,880$802,036$2,574,224
69$3,181,602$1,124,161$788,801$2,775,050
70$3,464,759$1,137,879$773,860$2,994,918
71$3,775,496$1,150,966$757,115$3,235,746
72$4,116,583$1,163,350$738,465$3,499,645
73$4,491,075$1,174,955$717,804$3,788,944
74$4,902,335$1,185,698$695,021$4,106,210
75$5,354,068$1,195,492$669,999$4,454,271
76$5,850,357$1,204,245$642,618$4,836,243
77$6,395,697$1,211,857$612,750$5,255,562
78$6,995,043$1,218,223$580,262$5,716,012
79$7,653,853$1,223,231$545,016$6,221,767
80$8,378,138$1,226,762$506,866$6,777,424
81$9,174,524$1,228,688$465,662$7,388,053
82$10,050,309$1,228,877$421,244$8,059,237
83$11,013,532$1,227,184$373,448$8,797,132
84$12,073,055$1,223,459$322,101$9,608,525
85$13,238,637$1,217,539$267,022$10,500,891
86$14,521,034$1,209,254$208,023$11,482,471
87$15,932,095$1,198,423$144,908$12,562,349
88$17,484,877$1,184,854$77,470$13,750,535
89$19,193,765$1,168,342$5,496$15,058,061
90$21,074,611$1,148,673$0$16,497,087
91$23,144,880$1,125,617$0$18,088,623
92$25,423,818$1,098,932$0$19,840,950
93$27,932,629$1,068,361$0$21,769,785
94$30,694,679$1,033,633$0$23,893,095
95$33,735,716$994,461$0$26,230,681
96$37,084,109$950,540$0$28,804,363
97$40,771,120$901,548$0$31,638,190
98$44,831,196$847,145$0$34,758,662
99$49,302,294$786,971$0$38,194,984
100$54,226,241$720,646$0$41,979,342