Can I retire at age 53 with 824,000?

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 $824,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$68,045$67,439$66,848$66,271$65,707$65,075
2 years$33,686$33,058$32,450$31,861$31,289$30,652
3 years$22,234$21,604$20,998$20,414$19,851$19,229
4 years$16,509$15,881$15,281$14,707$14,158$13,556
5 years$13,075$12,451$11,859$11,296$10,763$10,183
6 years$10,787$10,167$9,583$9,034$8,516$7,958
7 years$9,153$8,538$7,964$7,427$6,926$6,391
8 years$7,928$7,319$6,754$6,230$5,746$5,233
9 years$6,976$6,373$5,817$5,307$4,839$4,349
10 years$6,214$5,617$5,072$4,575$4,123$3,655
11 years$5,592$5,001$4,465$3,981$3,546$3,099
12 years$5,073$4,488$3,963$3,492$3,073$2,648
13 years$4,635$4,056$3,540$3,083$2,679$2,275
14 years$4,260$3,687$3,181$2,737$2,349$1,965
15 years$3,935$3,368$2,872$2,441$2,068$1,704
16 years$3,651$3,090$2,604$2,185$1,828$1,483
17 years$3,400$2,846$2,369$1,964$1,621$1,294
18 years$3,178$2,630$2,163$1,770$1,441$1,132
19 years$2,979$2,437$1,980$1,599$1,284$993
20 years$2,801$2,265$1,817$1,448$1,147$872
21 years$2,639$2,110$1,671$1,314$1,027$768
22 years$2,493$1,969$1,541$1,195$920$676
23 years$2,359$1,842$1,422$1,088$826$597
24 years$2,237$1,726$1,315$993$742$527
25 years$2,124$1,619$1,218$906$668$466
26 years$2,021$1,522$1,130$829$602$412
27 years$1,925$1,432$1,049$759$543$365
28 years$1,837$1,350$975$695$490$324
29 years$1,754$1,273$908$637$442$287
30 years$1,677$1,202$846$585$399$254
31 years$1,606$1,137$788$537$361$226
32 years$1,539$1,076$735$494$327$200
33 years$1,476$1,019$687$454$296$178
34 years$1,417$965$642$418$268$158
35 years$1,361$916$600$385$242$140
36 years$1,309$869$561$354$220$125
37 years$1,259$825$525$326$199$111
38 years$1,213$784$492$301$180$99
39 years$1,168$746$461$277$164$88
40 years$1,127$710$432$256$148$78
41 years$1,087$676$405$236$135$69
42 years$1,049$643$380$218$122$62
43 years$1,013$613$357$201$111$55
44 years$979$584$335$186$101$49
45 years$946$557$314$171$91$44
46 years$915$532$295$158$83$39
47 years$886$507$277$146$75$34
48 years$857$484$261$135$68$31
49 years$830$462$245$125$62$27
50 years$805$442$230$116$56$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $824,000, adding $3,892 every year, while hoping to spend $20,853 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: 41/29/30 Blend
52$824,000$824,000$824,000$824,000
53$912,063$868,391$855,619$941,280
54$982,906$888,754$862,094$983,223
55$1,060,276$909,417$868,088$1,026,371
56$1,144,816$930,371$873,562$1,072,687
57$1,237,237$951,608$878,475$1,122,478
58$1,338,317$973,119$882,786$1,176,079
59$1,448,916$994,893$886,451$1,233,862
60$1,569,980$1,016,917$889,421$1,296,236
61$1,702,551$1,039,179$891,650$1,363,653
62$1,847,776$1,061,664$893,085$1,436,611
63$2,006,918$1,084,354$893,672$1,515,658
64$2,181,368$1,107,232$893,355$1,601,401
65$2,372,660$1,130,278$892,074$1,694,507
66$2,582,480$1,153,471$889,767$1,795,713
67$2,812,688$1,176,785$886,369$1,905,831
68$3,065,330$1,200,197$881,811$2,025,758
69$3,342,664$1,223,676$876,022$2,156,482
70$3,647,173$1,247,193$868,925$2,299,093
71$3,981,593$1,270,715$860,443$2,454,792
72$4,348,941$1,294,205$850,493$2,624,906
73$4,752,536$1,317,624$838,988$2,810,896
74$5,196,038$1,340,931$825,838$3,014,376
75$5,683,478$1,364,081$810,947$3,237,122
76$6,219,296$1,387,024$794,217$3,481,097
77$6,808,385$1,409,709$775,544$3,748,462
78$7,456,135$1,432,079$754,820$4,041,602
79$8,168,484$1,454,074$731,929$4,363,147
80$8,951,975$1,475,630$706,754$4,715,996
81$9,813,817$1,496,676$679,171$5,103,347
82$10,761,952$1,517,139$649,049$5,528,725
83$11,805,131$1,536,938$616,252$5,996,019
84$12,952,997$1,555,990$580,638$6,509,515
85$14,216,172$1,574,204$542,060$7,073,940
86$15,606,364$1,591,482$500,361$7,694,504
87$17,136,469$1,607,721$455,379$8,376,955
88$18,820,700$1,622,811$406,946$9,127,626
89$20,674,717$1,636,634$354,884$9,953,504
90$22,715,774$1,649,065$299,009$10,862,289
91$24,962,885$1,659,970$239,127$11,862,470
92$27,436,999$1,669,209$175,037$12,963,409
93$30,161,201$1,676,628$106,529$14,175,425
94$33,160,929$1,682,069$33,384$15,509,893
95$36,464,213$1,685,359$0$16,979,356
96$40,101,939$1,686,318$0$18,611,939
97$44,108,142$1,684,753$0$20,420,919
98$48,520,326$1,680,460$0$22,412,478
99$53,379,817$1,673,220$0$24,605,224
100$58,732,154$1,662,803$0$27,019,660