Can I retire at age 53 with 818,000?

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 $818,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$67,550$66,948$66,361$65,788$65,228$64,494
2 years$33,440$32,818$32,214$31,629$31,061$30,321
3 years$22,072$21,447$20,845$20,265$19,706$18,985
4 years$16,389$15,766$15,170$14,600$14,055$13,357
5 years$12,980$12,360$11,772$11,214$10,684$10,012
6 years$10,708$10,093$9,514$8,968$8,454$7,808
7 years$9,086$8,476$7,906$7,373$6,875$6,256
8 years$7,870$7,266$6,705$6,185$5,704$5,111
9 years$6,925$6,326$5,775$5,268$4,803$4,237
10 years$6,169$5,576$5,035$4,541$4,093$3,553
11 years$5,551$4,964$4,432$3,952$3,520$3,005
12 years$5,036$4,456$3,934$3,467$3,050$2,561
13 years$4,601$4,027$3,514$3,061$2,660$2,195
14 years$4,229$3,660$3,158$2,717$2,332$1,891
15 years$3,906$3,343$2,851$2,423$2,053$1,635
16 years$3,624$3,068$2,585$2,169$1,814$1,419
17 years$3,375$2,825$2,352$1,949$1,609$1,235
18 years$3,155$2,611$2,147$1,757$1,430$1,077
19 years$2,957$2,419$1,966$1,587$1,275$942
20 years$2,780$2,248$1,804$1,438$1,139$825
21 years$2,620$2,094$1,659$1,305$1,019$724
22 years$2,474$1,955$1,529$1,186$914$636
23 years$2,342$1,828$1,412$1,080$820$559
24 years$2,220$1,713$1,306$985$737$493
25 years$2,109$1,608$1,210$900$663$434
26 years$2,006$1,511$1,122$823$597$383
27 years$1,911$1,422$1,042$753$539$338
28 years$1,823$1,340$968$690$486$299
29 years$1,741$1,264$901$633$439$264
30 years$1,665$1,194$839$581$397$233
31 years$1,594$1,128$783$533$359$206
32 years$1,527$1,068$730$490$324$183
33 years$1,465$1,011$682$451$293$162
34 years$1,406$958$637$415$266$143
35 years$1,351$909$596$382$241$127
36 years$1,299$863$557$352$218$112
37 years$1,250$819$521$324$198$99
38 years$1,204$779$488$299$179$88
39 years$1,160$741$457$275$162$78
40 years$1,118$705$429$254$147$69
41 years$1,079$671$402$234$134$61
42 years$1,041$639$377$216$121$54
43 years$1,006$609$354$200$110$48
44 years$972$580$332$184$100$43
45 years$940$553$312$170$91$38
46 years$909$528$293$157$82$34
47 years$879$504$275$145$75$30
48 years$851$481$259$134$68$26
49 years$824$459$243$124$62$23
50 years$799$439$229$115$56$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $818,000, adding $3,886 every year, while hoping to spend $30,825 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: 70/5/25 Blend
52$818,000$818,000$818,000$818,000
53$905,444$862,090$849,411$962,814
54$965,002$871,535$845,069$1,011,156
55$1,029,602$880,410$839,548$1,060,112
56$1,099,725$888,654$832,777$1,112,976
57$1,175,901$896,202$824,679$1,170,132
58$1,258,714$902,986$815,177$1,232,007
59$1,348,803$908,934$804,186$1,299,071
60$1,446,876$913,966$791,621$1,371,841
61$1,553,707$918,001$777,390$1,450,888
62$1,670,152$920,949$761,399$1,536,842
63$1,797,150$922,718$743,549$1,630,397
64$1,935,736$923,208$723,734$1,732,321
65$2,087,049$922,313$701,847$1,843,458
66$2,252,343$919,921$677,774$1,964,739
67$2,432,997$915,913$651,395$2,097,194
68$2,630,533$910,162$622,586$2,241,955
69$2,846,622$902,535$591,218$2,400,272
70$3,083,107$892,889$557,153$2,573,525
71$3,342,017$881,074$520,251$2,763,233
72$3,625,585$866,929$480,362$2,971,073
73$3,936,271$850,285$437,331$3,198,894
74$4,276,786$830,964$390,996$3,448,735
75$4,650,111$808,774$341,188$3,722,843
76$5,059,535$783,516$287,729$4,023,698
77$5,508,675$754,976$230,436$4,354,033
78$6,001,520$722,930$169,116$4,716,862
79$6,542,459$687,138$103,566$5,115,508
80$7,136,332$647,350$33,577$5,553,635
81$7,788,465$603,297$0$6,035,284
82$8,504,730$554,700$0$6,575,875
83$9,291,591$501,259$0$7,179,623
84$10,156,172$442,660$0$7,843,040
85$11,106,322$378,570$0$8,572,162
86$12,150,684$308,637$0$9,373,640
87$13,298,784$232,491$0$10,254,799
88$14,561,116$149,738$0$11,223,715
89$15,949,239$59,965$0$12,289,282
90$17,475,893$0$0$13,461,304
91$19,155,109$0$0$14,752,631
92$21,002,351$0$0$16,176,850
93$23,034,654$0$0$17,743,801
94$25,270,790$0$0$19,467,964
95$27,731,439$0$0$21,365,292
96$30,439,389$0$0$23,453,363
97$33,419,750$0$0$25,751,545
98$36,700,188$0$0$28,281,178
99$40,311,186$0$0$31,065,777
100$44,286,335$0$0$34,131,253