Can I retire at age 53 with 828,000?

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 $828,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$68,375$67,766$67,172$66,592$66,026$63,557
2 years$33,849$33,219$32,608$32,015$31,441$28,982
3 years$22,342$21,709$21,099$20,513$19,947$17,575
4 years$16,590$15,958$15,355$14,778$14,227$11,960
5 years$13,139$12,512$11,916$11,351$10,815$8,659
6 years$10,839$10,217$9,630$9,078$8,557$6,514
7 years$9,197$8,580$8,003$7,463$6,959$5,028
8 years$7,966$7,355$6,787$6,261$5,774$3,953
9 years$7,010$6,403$5,845$5,333$4,862$3,149
10 years$6,244$5,644$5,096$4,597$4,143$2,534
11 years$5,619$5,025$4,487$4,001$3,563$2,056
12 years$5,098$4,510$3,982$3,509$3,088$1,678
13 years$4,658$4,076$3,557$3,098$2,692$1,376
14 years$4,280$3,705$3,196$2,750$2,360$1,133
15 years$3,954$3,384$2,886$2,453$2,078$935
16 years$3,668$3,105$2,617$2,196$1,837$775
17 years$3,417$2,860$2,381$1,973$1,628$643
18 years$3,193$2,642$2,173$1,778$1,448$534
19 years$2,994$2,449$1,990$1,607$1,291$445
20 years$2,814$2,276$1,826$1,455$1,153$371
21 years$2,652$2,120$1,680$1,321$1,032$309
22 years$2,505$1,979$1,548$1,201$925$258
23 years$2,370$1,851$1,429$1,094$830$216
24 years$2,248$1,734$1,322$997$746$180
25 years$2,135$1,627$1,224$911$671$151
26 years$2,031$1,529$1,136$833$605$126
27 years$1,935$1,439$1,054$762$545$105
28 years$1,845$1,356$980$698$492$88
29 years$1,763$1,279$912$641$444$74
30 years$1,685$1,208$850$588$401$62
31 years$1,613$1,142$792$540$363$52
32 years$1,546$1,081$739$496$328$43
33 years$1,483$1,024$690$456$297$36
34 years$1,423$970$645$420$269$30
35 years$1,368$920$603$386$244$26
36 years$1,315$873$564$356$221$21
37 years$1,265$829$528$328$200$18
38 years$1,218$788$494$302$181$15
39 years$1,174$750$463$279$164$13
40 years$1,132$713$434$257$149$11
41 years$1,092$679$407$237$135$9
42 years$1,054$647$382$219$123$7
43 years$1,018$616$358$202$111$6
44 years$984$587$336$187$101$5
45 years$951$560$316$172$92$4
46 years$920$534$297$159$83$4
47 years$890$510$279$147$76$3
48 years$862$487$262$136$69$3
49 years$834$465$246$126$62$2
50 years$808$444$231$116$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $828,000, adding $6,572 every year, while hoping to spend $45,171 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: 75/6/19 Blend
52$828,000$828,000$828,000$828,000
53$919,235$875,351$862,517$983,629
54$964,935$870,182$843,350$1,022,017
55$1,013,783$863,245$822,026$1,057,896
56$1,066,052$854,407$798,427$1,096,039
57$1,122,041$843,525$772,426$1,136,662
58$1,182,080$830,448$743,893$1,180,001
59$1,246,529$815,016$712,690$1,226,316
60$1,315,783$797,061$678,674$1,275,897
61$1,390,278$776,402$641,695$1,329,062
62$1,470,491$752,850$601,595$1,386,162
63$1,556,945$726,203$558,213$1,447,587
64$1,650,215$696,250$511,375$1,513,765
65$1,750,935$662,764$460,904$1,585,168
66$1,859,799$625,508$406,613$1,662,321
67$1,977,571$584,230$348,307$1,745,801
68$2,105,089$538,663$285,781$1,836,243
69$2,243,277$488,527$218,824$1,934,353
70$2,393,150$433,523$147,213$2,040,905
71$2,555,823$373,337$70,716$2,156,759
72$2,732,524$307,637$0$2,282,859
73$2,924,602$236,073$0$2,422,463
74$3,133,543$158,272$0$2,589,955
75$3,360,982$73,844$0$2,772,307
76$3,608,715$0$0$2,970,981
77$3,878,721$0$0$3,188,746
78$4,173,179$0$0$3,431,579
79$4,494,485$0$0$3,696,585
80$4,845,276$0$0$3,985,944
81$5,228,457$0$0$4,302,055
82$5,647,225$0$0$4,647,560
83$6,105,100$0$0$5,025,367
84$6,605,956$0$0$5,438,679
85$7,154,061$0$0$5,891,022
86$7,754,113$0$0$6,386,278
87$8,411,286$0$0$6,928,722
88$9,131,277$0$0$7,523,064
89$9,920,362$0$0$8,174,489
90$10,785,451$0$0$8,888,707
91$11,734,155$0$0$9,672,009
92$12,774,858$0$0$10,531,322
93$13,916,792$0$0$11,474,278
94$15,170,129$0$0$12,509,280
95$16,546,072$0$0$13,645,589
96$18,056,962$0$0$14,893,402
97$19,716,393$0$0$16,263,956
98$21,539,341$0$0$17,769,626
99$23,542,304$0$0$19,424,046
100$25,743,456$0$0$21,242,238