Can I retire at age 53 with 826,000?

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 $826,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$68,210$67,603$67,010$66,431$65,866$64,326
2 years$33,767$33,139$32,529$31,938$31,365$29,822
3 years$22,288$21,656$21,048$20,463$19,899$18,402
4 years$16,549$15,920$15,318$14,743$14,192$12,752
5 years$13,107$12,481$11,887$11,324$10,789$9,409
6 years$10,813$10,192$9,607$9,056$8,537$7,220
7 years$9,175$8,559$7,983$7,445$6,943$5,688
8 years$7,947$7,337$6,770$6,246$5,760$4,567
9 years$6,993$6,388$5,831$5,320$4,850$3,719
10 years$6,229$5,631$5,084$4,586$4,133$3,062
11 years$5,605$5,013$4,476$3,991$3,554$2,542
12 years$5,086$4,499$3,972$3,501$3,080$2,124
13 years$4,646$4,066$3,549$3,091$2,686$1,785
14 years$4,270$3,696$3,189$2,743$2,354$1,507
15 years$3,944$3,376$2,879$2,447$2,073$1,276
16 years$3,659$3,098$2,610$2,191$1,832$1,085
17 years$3,408$2,853$2,375$1,968$1,625$924
18 years$3,186$2,636$2,168$1,774$1,444$789
19 years$2,986$2,443$1,985$1,603$1,287$675
20 years$2,807$2,270$1,822$1,452$1,150$578
21 years$2,646$2,115$1,676$1,317$1,029$496
22 years$2,499$1,974$1,544$1,198$922$425
23 years$2,365$1,846$1,426$1,091$828$366
24 years$2,242$1,730$1,319$995$744$314
25 years$2,130$1,623$1,221$909$670$271
26 years$2,026$1,526$1,133$831$603$233
27 years$1,930$1,436$1,052$761$544$201
28 years$1,841$1,353$978$697$491$173
29 years$1,758$1,276$910$639$443$149
30 years$1,681$1,205$848$586$400$129
31 years$1,610$1,139$790$539$362$111
32 years$1,542$1,078$737$495$327$96
33 years$1,479$1,021$688$455$296$83
34 years$1,420$968$643$419$268$71
35 years$1,364$918$601$386$243$62
36 years$1,312$871$563$355$220$53
37 years$1,262$827$527$327$200$46
38 years$1,216$786$493$302$181$40
39 years$1,171$748$462$278$164$34
40 years$1,129$711$433$256$149$30
41 years$1,089$677$406$237$135$26
42 years$1,052$645$381$218$123$22
43 years$1,016$615$357$202$111$19
44 years$981$586$335$186$101$17
45 years$949$559$315$172$92$14
46 years$918$533$296$159$83$12
47 years$888$508$278$147$76$11
48 years$860$485$261$136$69$9
49 years$832$464$245$125$62$8
50 years$806$443$231$116$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $826,000, adding $2,135 every year, while hoping to spend $25,905 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: 71/12/17 Blend
52$826,000$826,000$826,000$826,000
53$912,454$868,676$855,873$973,459
54$977,962$883,679$856,982$1,029,297
55$1,049,283$898,548$857,260$1,087,094
56$1,126,983$913,250$856,652$1,149,707
57$1,211,685$927,749$855,099$1,217,610
58$1,304,074$942,006$852,542$1,291,322
59$1,404,904$955,978$848,916$1,371,417
60$1,515,004$969,621$844,155$1,458,528
61$1,635,288$982,887$838,188$1,553,350
62$1,766,763$995,724$830,943$1,656,652
63$1,910,536$1,008,077$822,343$1,769,280
64$2,067,826$1,019,888$812,306$1,892,167
65$2,239,975$1,031,093$800,749$2,026,339
66$2,428,462$1,041,627$787,584$2,172,931
67$2,634,916$1,051,417$772,719$2,333,191
68$2,861,128$1,060,387$756,056$2,508,494
69$3,109,073$1,068,456$737,494$2,700,359
70$3,380,927$1,075,539$716,928$2,910,457
71$3,679,083$1,081,542$694,247$3,140,631
72$4,006,181$1,086,368$669,335$3,392,913
73$4,365,125$1,089,914$642,071$3,669,541
74$4,759,116$1,092,068$612,329$3,972,985
75$5,191,680$1,092,714$579,976$4,305,964
76$5,666,700$1,091,725$544,874$4,671,478
77$6,188,454$1,088,971$506,879$5,072,831
78$6,761,656$1,084,310$465,838$5,513,667
79$7,391,497$1,077,593$421,596$5,998,001
80$8,083,696$1,068,661$373,985$6,530,261
81$8,844,554$1,057,347$322,836$7,115,324
82$9,681,015$1,043,473$267,966$7,758,569
83$10,600,725$1,026,850$209,190$8,465,924
84$11,612,111$1,007,278$146,311$9,243,921
85$12,724,458$984,546$79,123$10,099,762
86$13,947,993$958,429$7,414$11,041,384
87$15,293,986$928,690$0$12,077,537
88$16,774,855$895,078$0$13,230,399
89$18,404,279$857,326$0$14,500,313
90$20,197,335$815,154$0$15,897,691
91$22,170,630$768,264$0$17,435,491
92$24,342,466$716,341$0$19,127,992
93$26,733,009$659,052$0$20,990,930
94$29,364,476$596,046$0$23,041,645
95$32,261,351$526,950$0$25,299,244
96$35,450,611$451,373$0$27,784,787
97$38,961,981$368,898$0$30,521,479
98$42,828,216$279,087$0$33,534,891
99$47,085,409$181,477$0$36,853,205
100$51,773,330$75,579$0$40,507,476