Can I retire at age 53 with 821,000?

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 $821,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$67,797$67,194$66,604$66,029$65,468$64,757
2 years$33,563$32,938$32,332$31,745$31,175$30,460
3 years$22,153$21,525$20,921$20,339$19,779$19,081
4 years$16,449$15,823$15,225$14,653$14,106$13,431
5 years$13,028$12,406$11,815$11,255$10,723$10,073
6 years$10,748$10,130$9,549$9,001$8,485$7,860
7 years$9,120$8,507$7,935$7,400$6,901$6,301
8 years$7,899$7,292$6,729$6,208$5,725$5,151
9 years$6,950$6,349$5,796$5,288$4,821$4,273
10 years$6,192$5,597$5,053$4,558$4,108$3,584
11 years$5,571$4,982$4,449$3,967$3,533$3,034
12 years$5,055$4,472$3,948$3,479$3,061$2,587
13 years$4,618$4,041$3,527$3,072$2,670$2,219
14 years$4,244$3,673$3,169$2,727$2,340$1,912
15 years$3,920$3,356$2,862$2,432$2,061$1,655
16 years$3,637$3,079$2,594$2,177$1,821$1,437
17 years$3,388$2,835$2,361$1,956$1,615$1,252
18 years$3,166$2,620$2,155$1,763$1,436$1,093
19 years$2,968$2,428$1,973$1,593$1,280$956
20 years$2,790$2,256$1,811$1,443$1,143$838
21 years$2,630$2,102$1,665$1,310$1,023$736
22 years$2,484$1,962$1,535$1,191$917$647
23 years$2,350$1,835$1,417$1,084$823$570
24 years$2,229$1,719$1,311$989$740$502
25 years$2,117$1,613$1,214$903$666$443
26 years$2,014$1,516$1,126$826$600$391
27 years$1,918$1,427$1,045$756$541$345
28 years$1,830$1,345$972$693$488$305
29 years$1,748$1,269$904$635$440$270
30 years$1,671$1,198$842$583$398$239
31 years$1,600$1,133$785$535$360$211
32 years$1,533$1,072$733$492$325$187
33 years$1,470$1,015$684$452$295$166
34 years$1,411$962$639$416$267$147
35 years$1,356$912$598$383$242$130
36 years$1,304$866$559$353$219$115
37 years$1,255$822$523$325$198$102
38 years$1,208$782$490$300$180$91
39 years$1,164$743$459$276$163$81
40 years$1,122$707$430$255$148$71
41 years$1,083$673$404$235$134$63
42 years$1,045$641$379$217$122$56
43 years$1,009$611$355$200$111$50
44 years$975$582$333$185$100$44
45 years$943$555$313$171$91$39
46 years$912$530$294$158$83$35
47 years$883$505$276$146$75$31
48 years$854$482$260$135$68$27
49 years$827$461$244$125$62$24
50 years$802$440$229$115$56$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $821,000, adding $6,461 every year, while hoping to spend $55,769 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: 42/46/12 Blend
52$821,000$821,000$821,000$821,000
53$911,407$867,894$855,168$946,224
54$945,032$851,083$824,478$954,450
55$980,219$831,579$790,891$957,288
56$1,017,066$809,191$754,251$959,130
57$1,055,683$783,718$714,395$959,906
58$1,096,188$754,945$671,152$959,549
59$1,138,708$722,646$624,345$957,985
60$1,183,382$686,582$573,787$955,141
61$1,230,362$646,499$519,283$950,940
62$1,279,811$602,130$460,632$945,305
63$1,331,909$553,191$397,620$938,154
64$1,386,849$499,384$330,026$929,407
65$1,444,845$440,391$257,619$918,981
66$1,506,128$375,878$180,157$906,790
67$1,570,949$305,492$97,389$892,751
68$1,639,585$228,860$9,050$876,779
69$1,712,336$145,588$0$858,789
70$1,789,531$55,259$0$849,608
71$1,871,530$0$0$840,188
72$1,958,727$0$0$850,874
73$2,051,551$0$0$892,082
74$2,150,473$0$0$936,057
75$2,256,010$0$0$983,037
76$2,368,727$0$0$1,033,281
77$2,489,243$0$0$1,087,074
78$2,618,237$0$0$1,144,729
79$2,756,454$0$0$1,206,587
80$2,904,710$0$0$1,273,026
81$3,063,902$0$0$1,344,458
82$3,235,013$0$0$1,421,336
83$3,419,124$0$0$1,504,157
84$3,617,419$0$0$1,593,467
85$3,831,200$0$0$1,689,868
86$4,061,899$0$0$1,794,019
87$4,311,087$0$0$1,906,644
88$4,580,490$0$0$2,028,541
89$4,872,007$0$0$2,160,585
90$5,187,724$0$0$2,303,738
91$5,529,936$0$0$2,459,061
92$5,901,165$0$0$2,627,718
93$6,304,186$0$0$2,810,989
94$6,742,049$0$0$3,010,284
95$7,218,112$0$0$3,227,154
96$7,736,066$0$0$3,463,303
97$8,299,976$0$0$3,720,609
98$8,914,312$0$0$4,001,139
99$9,583,994$0$0$4,307,164
100$10,314,437$0$0$4,641,189