Can I retire at age 53 with 830,000?

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 $830,000?

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$68,541$67,930$67,334$66,753$66,185$65,549
2 years$33,931$33,299$32,687$32,093$31,517$30,876
3 years$22,396$21,761$21,150$20,562$19,996$19,369
4 years$16,630$15,997$15,392$14,814$14,261$13,655
5 years$13,171$12,542$11,945$11,378$10,841$10,257
6 years$10,865$10,241$9,653$9,099$8,578$8,016
7 years$9,220$8,601$8,022$7,481$6,976$6,437
8 years$7,986$7,372$6,803$6,276$5,788$5,271
9 years$7,026$6,419$5,860$5,346$4,874$4,380
10 years$6,260$5,658$5,109$4,608$4,153$3,681
11 years$5,633$5,037$4,497$4,010$3,572$3,122
12 years$5,110$4,521$3,991$3,518$3,095$2,667
13 years$4,669$4,086$3,566$3,105$2,699$2,292
14 years$4,291$3,714$3,204$2,757$2,366$1,979
15 years$3,963$3,393$2,893$2,458$2,083$1,716
16 years$3,677$3,113$2,623$2,201$1,841$1,493
17 years$3,425$2,867$2,387$1,978$1,632$1,303
18 years$3,201$2,649$2,179$1,782$1,451$1,140
19 years$3,001$2,455$1,995$1,611$1,294$1,000
20 years$2,821$2,281$1,830$1,459$1,156$879
21 years$2,658$2,125$1,684$1,324$1,034$773
22 years$2,511$1,983$1,552$1,204$927$681
23 years$2,376$1,855$1,433$1,096$832$601
24 years$2,253$1,738$1,325$1,000$748$531
25 years$2,140$1,631$1,227$913$673$469
26 years$2,036$1,533$1,138$835$606$415
27 years$1,939$1,443$1,057$764$547$368
28 years$1,850$1,359$983$700$493$326
29 years$1,767$1,283$914$642$445$289
30 years$1,690$1,211$852$589$402$256
31 years$1,617$1,145$794$541$364$227
32 years$1,550$1,083$741$497$329$202
33 years$1,486$1,026$692$457$298$179
34 years$1,427$972$646$421$270$159
35 years$1,371$922$604$387$244$141
36 years$1,318$875$565$357$221$126
37 years$1,268$831$529$329$201$112
38 years$1,221$790$495$303$182$99
39 years$1,177$751$464$279$165$88
40 years$1,135$715$435$258$150$79
41 years$1,095$680$408$238$136$70
42 years$1,057$648$383$219$123$62
43 years$1,021$617$359$203$112$55
44 years$986$589$337$187$101$49
45 years$953$561$317$173$92$44
46 years$922$535$297$160$84$39
47 years$892$511$279$147$76$35
48 years$864$488$262$136$69$31
49 years$836$466$247$126$63$28
50 years$810$445$232$116$57$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $830,000, adding $3,222 every year, while hoping to spend $51,873 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: 57/24/19 Blend
52$830,000$830,000$830,000$830,000
53$917,983$873,993$861,128$965,501
54$956,425$861,627$834,784$985,824
55$997,050$846,915$805,818$1,002,083
56$1,040,024$829,690$774,089$1,018,646
57$1,085,533$809,770$739,446$1,035,555
58$1,133,775$786,967$701,736$1,052,858
59$1,184,969$761,078$660,793$1,070,608
60$1,239,356$731,890$616,449$1,088,869
61$1,297,195$699,178$568,525$1,107,714
62$1,358,774$662,703$516,836$1,127,226
63$1,424,406$622,212$461,187$1,147,500
64$1,494,434$577,439$401,376$1,168,646
65$1,569,234$528,102$337,190$1,190,786
66$1,649,219$473,901$268,408$1,214,062
67$1,734,839$414,522$194,800$1,238,633
68$1,826,591$349,632$116,123$1,264,678
69$1,925,017$278,878$32,128$1,292,402
70$2,030,715$201,889$0$1,322,033
71$2,144,338$118,272$0$1,365,490
72$2,266,605$27,612$0$1,419,113
73$2,398,305$0$0$1,476,766
74$2,540,305$0$0$1,557,504
75$2,693,555$0$0$1,652,565
76$2,859,103$0$0$1,755,312
77$3,038,097$0$0$1,866,466
78$3,231,800$0$0$1,986,819
79$3,441,601$0$0$2,117,243
80$3,669,027$0$0$2,258,694
81$3,915,756$0$0$2,412,227
82$4,183,635$0$0$2,578,999
83$4,474,695$0$0$2,760,284
84$4,791,169$0$0$2,957,485
85$5,135,515$0$0$3,172,143
86$5,510,437$0$0$3,405,956
87$5,918,911$0$0$3,660,791
88$6,364,212$0$0$3,938,703
89$6,849,942$0$0$4,241,954
90$7,380,069$0$0$4,573,034
91$7,958,960$0$0$4,934,683
92$8,591,420$0$0$5,329,920
93$9,282,741$0$0$5,762,066
94$10,038,750$0$0$6,234,778
95$10,865,860$0$0$6,752,084
96$11,771,135$0$0$7,318,417
97$12,762,352$0$0$7,938,662
98$13,848,076$0$0$8,618,195
99$15,037,739$0$0$9,362,939
100$16,341,727$0$0$10,179,417