Can I retire at age 53 with 832,000?

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 $832,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$68,706$68,094$67,497$66,914$66,345$63,738
2 years$34,013$33,379$32,765$32,170$31,593$28,998
3 years$22,450$21,814$21,201$20,612$20,044$17,543
4 years$16,670$16,035$15,429$14,850$14,295$11,908
5 years$13,202$12,572$11,974$11,406$10,867$8,599
6 years$10,892$10,266$9,677$9,121$8,599$6,451
7 years$9,242$8,621$8,041$7,499$6,993$4,965
8 years$8,005$7,390$6,820$6,291$5,801$3,892
9 years$7,043$6,434$5,874$5,358$4,886$3,091
10 years$6,275$5,672$5,121$4,619$4,163$2,480
11 years$5,646$5,049$4,508$4,020$3,580$2,005
12 years$5,123$4,532$4,001$3,526$3,103$1,631
13 years$4,680$4,095$3,575$3,113$2,705$1,333
14 years$4,301$3,723$3,212$2,763$2,372$1,093
15 years$3,973$3,401$2,900$2,464$2,088$900
16 years$3,686$3,120$2,629$2,207$1,845$742
17 years$3,433$2,873$2,392$1,983$1,636$614
18 years$3,209$2,655$2,184$1,787$1,455$508
19 years$3,008$2,461$1,999$1,614$1,297$421
20 years$2,828$2,287$1,835$1,462$1,158$350
21 years$2,665$2,130$1,688$1,327$1,037$291
22 years$2,517$1,988$1,555$1,207$929$242
23 years$2,382$1,860$1,436$1,099$834$201
24 years$2,258$1,742$1,328$1,002$750$167
25 years$2,145$1,635$1,230$915$675$139
26 years$2,041$1,537$1,141$837$608$116
27 years$1,944$1,446$1,060$766$548$97
28 years$1,854$1,363$985$702$494$81
29 years$1,771$1,286$917$644$446$67
30 years$1,694$1,214$854$591$403$56
31 years$1,621$1,148$796$542$365$47
32 years$1,553$1,086$743$499$330$39
33 years$1,490$1,028$693$458$299$33
34 years$1,430$975$648$422$270$27
35 years$1,374$925$606$388$245$23
36 years$1,321$878$567$358$222$19
37 years$1,272$833$530$330$201$16
38 years$1,224$792$497$304$182$13
39 years$1,180$753$465$280$165$11
40 years$1,137$717$436$258$150$9
41 years$1,097$682$409$238$136$8
42 years$1,059$650$384$220$123$6
43 years$1,023$619$360$203$112$5
44 years$989$590$338$187$102$4
45 years$956$563$317$173$92$4
46 years$924$537$298$160$84$3
47 years$894$512$280$148$76$3
48 years$866$489$263$137$69$2
49 years$838$467$247$126$63$2
50 years$812$446$232$117$57$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $832,000, adding $5,100 every year, while hoping to spend $59,638 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: 70/14/16 Blend
52$832,000$832,000$832,000$832,000
53$922,125$878,029$865,133$982,893
54$952,727$857,598$830,660$1,003,544
55$984,452$834,167$793,034$1,018,521
56$1,017,351$807,526$752,086$1,033,388
57$1,051,479$777,453$707,639$1,048,126
58$1,086,895$743,713$659,510$1,062,716
59$1,123,660$706,057$607,505$1,077,136
60$1,161,841$664,221$551,424$1,091,366
61$1,201,509$617,928$491,057$1,105,386
62$1,242,739$566,883$426,184$1,119,175
63$1,285,613$510,775$356,576$1,132,713
64$1,330,219$449,276$281,994$1,145,977
65$1,376,648$382,037$202,188$1,158,949
66$1,425,001$308,693$116,896$1,171,609
67$1,475,387$228,854$25,848$1,183,938
68$1,527,921$142,112$0$1,195,919
69$1,582,727$48,034$0$1,219,711
70$1,639,941$0$0$1,248,624
71$1,699,707$0$0$1,286,578
72$1,762,183$0$0$1,333,998
73$1,827,539$0$0$1,383,615
74$1,895,958$0$0$1,435,569
75$1,967,638$0$0$1,490,014
76$2,042,797$0$0$1,547,115
77$2,121,667$0$0$1,607,051
78$2,204,502$0$0$1,670,018
79$2,291,580$0$0$1,736,228
80$2,383,199$0$0$1,805,910
81$2,479,686$0$0$1,879,317
82$2,581,397$0$0$1,956,722
83$2,688,720$0$0$2,038,421
84$2,802,076$0$0$2,124,741
85$2,921,926$0$0$2,216,035
86$3,048,773$0$0$2,312,689
87$3,183,166$0$0$2,415,127
88$3,325,704$0$0$2,523,810
89$3,477,044$0$0$2,639,242
90$3,637,903$0$0$2,761,976
91$3,809,064$0$0$2,892,614
92$3,991,387$0$0$3,031,818
93$4,185,811$0$0$3,180,312
94$4,393,367$0$0$3,338,889
95$4,615,182$0$0$3,508,418
96$4,852,494$0$0$3,689,850
97$5,106,658$0$0$3,884,232
98$5,379,163$0$0$4,092,708
99$5,671,638$0$0$4,316,535
100$5,985,877$0$0$4,557,093