Can I retire at age 53 with 820,000?

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 $820,000?

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$67,715$67,112$66,523$65,949$65,388$64,571
2 years$33,522$32,898$32,293$31,706$31,137$30,315
3 years$22,126$21,499$20,896$20,314$19,755$18,953
4 years$16,429$15,804$15,207$14,635$14,089$13,314
5 years$13,012$12,391$11,801$11,241$10,710$9,964
6 years$10,735$10,118$9,537$8,990$8,475$7,758
7 years$9,108$8,497$7,925$7,391$6,892$6,206
8 years$7,889$7,283$6,721$6,200$5,718$5,061
9 years$6,942$6,342$5,789$5,281$4,815$4,189
10 years$6,184$5,590$5,047$4,552$4,103$3,506
11 years$5,565$4,976$4,443$3,962$3,529$2,960
12 years$5,049$4,466$3,943$3,475$3,058$2,517
13 years$4,613$4,036$3,523$3,068$2,666$2,153
14 years$4,239$3,669$3,165$2,723$2,337$1,851
15 years$3,916$3,352$2,858$2,429$2,058$1,598
16 years$3,633$3,075$2,591$2,175$1,819$1,384
17 years$3,384$2,832$2,358$1,954$1,613$1,202
18 years$3,162$2,617$2,152$1,761$1,434$1,046
19 years$2,965$2,425$1,970$1,591$1,278$913
20 years$2,787$2,254$1,808$1,441$1,142$798
21 years$2,626$2,099$1,663$1,308$1,022$698
22 years$2,480$1,960$1,533$1,189$916$612
23 years$2,348$1,833$1,416$1,083$822$537
24 years$2,226$1,717$1,309$988$739$472
25 years$2,114$1,611$1,212$902$665$415
26 years$2,011$1,515$1,125$825$599$365
27 years$1,916$1,425$1,044$755$540$322
28 years$1,828$1,343$971$692$487$283
29 years$1,746$1,267$903$634$440$250
30 years$1,669$1,197$841$582$398$220
31 years$1,598$1,131$784$535$359$194
32 years$1,531$1,070$732$491$325$171
33 years$1,468$1,014$683$452$294$151
34 years$1,410$961$639$416$266$134
35 years$1,354$911$597$383$241$118
36 years$1,302$865$558$352$219$104
37 years$1,253$821$523$325$198$92
38 years$1,207$781$489$299$180$82
39 years$1,163$742$459$276$163$72
40 years$1,121$706$430$255$148$64
41 years$1,082$672$403$235$134$56
42 years$1,044$640$378$217$122$50
43 years$1,008$610$355$200$110$44
44 years$974$581$333$185$100$39
45 years$942$555$313$171$91$34
46 years$911$529$294$158$83$30
47 years$882$505$276$146$75$27
48 years$853$482$259$135$68$24
49 years$826$460$244$124$62$21
50 years$801$440$229$115$56$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $820,000, adding $6,612 every year, while hoping to spend $26,696 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: 33/45/22 Blend
52$820,000$820,000$820,000$820,000
53$910,460$867,000$854,290$934,175
54$974,923$881,079$854,505$966,534
55$1,045,066$894,953$853,831$998,495
56$1,121,441$908,583$852,213$1,032,394
57$1,204,654$921,930$849,588$1,068,419
58$1,295,372$934,949$845,893$1,106,777
59$1,394,331$947,592$841,062$1,147,698
60$1,502,340$959,811$835,024$1,191,437
61$1,620,287$971,550$827,706$1,238,275
62$1,749,153$982,753$819,031$1,288,525
63$1,890,017$993,358$808,918$1,342,530
64$2,044,066$1,003,300$797,284$1,400,674
65$2,212,608$1,012,509$784,041$1,463,379
66$2,397,083$1,020,910$769,095$1,531,112
67$2,599,076$1,028,426$752,350$1,604,391
68$2,820,333$1,034,970$733,705$1,683,788
69$3,062,777$1,040,454$713,055$1,769,936
70$3,328,526$1,044,782$690,288$1,863,535
71$3,619,912$1,047,852$665,289$1,965,358
72$3,939,503$1,049,557$637,936$2,076,262
73$4,290,129$1,049,782$608,103$2,197,192
74$4,674,905$1,048,405$575,658$2,329,194
75$5,097,265$1,045,296$540,463$2,473,425
76$5,560,990$1,040,319$502,372$2,631,162
77$6,070,245$1,033,329$461,235$2,803,815
78$6,629,617$1,024,169$416,894$2,992,946
79$7,244,162$1,012,678$369,184$3,200,278
80$7,919,448$998,680$317,933$3,427,715
81$8,661,609$981,993$262,961$3,677,359
82$9,477,403$962,421$204,080$3,951,535
83$10,374,277$939,757$141,095$4,252,807
84$11,360,431$913,784$73,800$4,584,009
85$12,444,905$884,269$1,982$4,948,270
86$13,637,655$850,968$0$5,349,046
87$14,949,652$813,622$0$5,807,674
88$16,392,983$771,955$0$6,312,478
89$17,980,965$725,679$0$6,867,697
90$19,728,272$674,485$0$7,478,522
91$21,651,071$618,051$0$8,150,678
92$23,767,178$556,032$0$8,890,482
93$26,096,219$488,068$0$9,704,901
94$28,659,824$413,773$0$10,601,618
95$31,481,823$332,745$0$11,589,109
96$34,588,474$244,555$0$12,676,720
97$38,008,713$148,753$0$13,874,759
98$41,774,421$44,860$0$15,194,596
99$45,920,728$0$0$16,648,768
100$50,486,347$0$0$18,284,588