Can I retire at age 53 with 823,000?

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 $823,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$67,963$67,357$66,767$66,190$65,627$63,989
2 years$33,645$33,018$32,411$31,822$31,251$29,611
3 years$22,207$21,578$20,972$20,389$19,827$18,236
4 years$16,489$15,862$15,262$14,689$14,141$12,611
5 years$13,060$12,436$11,844$11,283$10,750$9,286
6 years$10,774$10,155$9,572$9,023$8,506$7,110
7 years$9,142$8,528$7,954$7,418$6,917$5,589
8 years$7,918$7,310$6,746$6,223$5,739$4,477
9 years$6,967$6,365$5,810$5,300$4,833$3,637
10 years$6,207$5,610$5,065$4,569$4,118$2,986
11 years$5,585$4,994$4,460$3,976$3,541$2,473
12 years$5,067$4,483$3,958$3,488$3,069$2,061
13 years$4,629$4,051$3,536$3,079$2,676$1,728
14 years$4,255$3,682$3,177$2,733$2,346$1,454
15 years$3,930$3,364$2,868$2,438$2,066$1,228
16 years$3,646$3,086$2,601$2,183$1,826$1,041
17 years$3,396$2,842$2,367$1,961$1,619$884
18 years$3,174$2,626$2,160$1,767$1,439$753
19 years$2,976$2,434$1,978$1,597$1,283$642
20 years$2,797$2,262$1,815$1,446$1,146$548
21 years$2,636$2,107$1,669$1,313$1,025$469
22 years$2,490$1,967$1,539$1,194$919$401
23 years$2,356$1,839$1,421$1,087$825$344
24 years$2,234$1,723$1,314$991$742$295
25 years$2,122$1,617$1,217$905$667$253
26 years$2,018$1,520$1,129$828$601$217
27 years$1,923$1,431$1,048$758$542$186
28 years$1,834$1,348$974$694$489$160
29 years$1,752$1,272$907$637$442$138
30 years$1,675$1,201$845$584$399$118
31 years$1,604$1,135$787$537$361$102
32 years$1,537$1,074$735$493$326$87
33 years$1,474$1,017$686$454$295$75
34 years$1,415$964$641$417$267$65
35 years$1,359$915$599$384$242$56
36 years$1,307$868$560$354$219$48
37 years$1,258$824$525$326$199$41
38 years$1,211$783$491$300$180$36
39 years$1,167$745$460$277$163$31
40 years$1,125$709$431$256$148$26
41 years$1,085$675$405$236$135$23
42 years$1,048$643$379$218$122$20
43 years$1,012$612$356$201$111$17
44 years$978$584$334$185$101$14
45 years$945$557$314$171$91$12
46 years$914$531$295$158$83$11
47 years$885$507$277$146$75$9
48 years$856$484$260$135$68$8
49 years$829$462$245$125$62$7
50 years$804$441$230$115$56$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $823,000, adding $3,143 every year, while hoping to spend $37,749 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: 78/6/16 Blend
52$823,000$823,000$823,000$823,000
53$910,188$866,569$853,813$977,805
54$962,863$868,866$842,251$1,025,128
55$1,019,645$870,011$829,036$1,071,934
56$1,080,914$869,907$814,074$1,122,232
57$1,147,086$868,451$797,264$1,176,358
58$1,218,619$865,535$778,503$1,234,681
59$1,296,016$861,045$757,681$1,297,609
60$1,379,831$854,857$734,684$1,365,590
61$1,470,670$846,842$709,393$1,439,119
62$1,569,203$836,862$681,682$1,518,742
63$1,676,165$824,771$651,422$1,605,060
64$1,792,365$810,416$618,476$1,698,736
65$1,918,692$793,632$582,700$1,800,501
66$2,056,124$774,246$543,947$1,911,160
67$2,205,740$752,074$502,059$2,031,603
68$2,368,722$726,923$456,875$2,162,808
69$2,546,375$698,586$408,224$2,305,855
70$2,740,135$666,846$355,929$2,461,934
71$2,951,580$631,472$299,804$2,632,359
72$3,182,448$592,222$239,655$2,818,576
73$3,434,655$548,837$175,280$3,022,181
74$3,710,305$501,046$106,468$3,244,933
75$4,011,720$448,561$32,998$3,488,771
76$4,341,452$391,077$0$3,755,834
77$4,702,313$328,273$0$4,056,230
78$5,097,401$259,810$0$4,391,322
79$5,530,124$185,329$0$4,758,379
80$6,004,238$104,451$0$5,160,605
81$6,523,878$16,777$0$5,601,529
82$7,093,598$0$0$6,085,038
83$7,718,414$0$0$6,620,574
84$8,403,852$0$0$7,209,312
85$9,155,996$0$0$7,855,375
86$9,981,550$0$0$8,564,523
87$10,887,897$0$0$9,343,104
88$11,883,171$0$0$10,198,107
89$12,976,331$0$0$11,137,234
90$14,177,248$0$0$12,168,967
91$15,496,794$0$0$13,302,654
92$16,946,947$0$0$14,548,588
93$18,540,905$0$0$15,918,113
94$20,293,206$0$0$17,423,725
95$22,219,867$0$0$19,079,191
96$24,338,535$0$0$20,899,680
97$26,668,653$0$0$22,901,903
98$29,231,642$0$0$25,104,271
99$32,051,104$0$0$27,527,072
100$35,153,042$0$0$30,192,657