Can I retire at age 53 with 834,000?

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 $834,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$68,871$68,257$67,659$67,075$66,504$64,923
2 years$34,095$33,460$32,844$32,247$31,669$30,085
3 years$22,504$21,866$21,252$20,661$20,092$18,555
4 years$16,710$16,074$15,466$14,885$14,330$12,851
5 years$13,234$12,602$12,002$11,433$10,893$9,478
6 years$10,918$10,291$9,700$9,143$8,619$7,268
7 years$9,264$8,642$8,061$7,517$7,010$5,723
8 years$8,024$7,408$6,836$6,306$5,815$4,593
9 years$7,060$6,450$5,888$5,371$4,897$3,738
10 years$6,290$5,685$5,133$4,630$4,173$3,075
11 years$5,660$5,061$4,519$4,030$3,589$2,551
12 years$5,135$4,543$4,011$3,535$3,110$2,131
13 years$4,691$4,105$3,583$3,120$2,712$1,789
14 years$4,311$3,732$3,220$2,770$2,377$1,509
15 years$3,982$3,409$2,907$2,470$2,093$1,278
16 years$3,695$3,128$2,635$2,212$1,850$1,085
17 years$3,441$2,880$2,398$1,987$1,640$924
18 years$3,216$2,662$2,189$1,791$1,458$788
19 years$3,015$2,467$2,004$1,618$1,300$673
20 years$2,835$2,292$1,839$1,466$1,161$576
21 years$2,671$2,135$1,692$1,330$1,039$494
22 years$2,523$1,993$1,559$1,209$931$424
23 years$2,388$1,864$1,440$1,102$836$364
24 years$2,264$1,746$1,331$1,005$751$313
25 years$2,150$1,639$1,233$918$676$269
26 years$2,045$1,540$1,144$839$609$231
27 years$1,949$1,450$1,062$768$549$199
28 years$1,859$1,366$987$704$496$172
29 years$1,775$1,289$919$645$447$148
30 years$1,698$1,217$856$592$404$127
31 years$1,625$1,151$798$544$366$110
32 years$1,557$1,089$744$500$331$95
33 years$1,494$1,031$695$460$299$82
34 years$1,434$977$649$423$271$70
35 years$1,378$927$607$389$245$61
36 years$1,325$880$568$358$222$52
37 years$1,275$835$532$330$202$45
38 years$1,227$794$498$304$183$39
39 years$1,183$755$466$281$166$34
40 years$1,140$718$437$259$150$29
41 years$1,100$684$410$239$136$25
42 years$1,062$651$385$220$124$22
43 years$1,025$620$361$204$112$19
44 years$991$591$339$188$102$16
45 years$958$564$318$174$93$14
46 years$927$538$299$160$84$12
47 years$897$513$281$148$76$10
48 years$868$490$264$137$69$9
49 years$840$468$248$126$63$8
50 years$814$447$233$117$57$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $834,000, adding $6,173 every year, while hoping to spend $41,033 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: 28/49/23 Blend
52$834,000$834,000$834,000$834,000
53$925,435$881,233$868,306$944,532
54$976,171$880,755$853,736$959,493
55$1,030,706$878,878$837,302$971,532
56$1,089,386$875,490$818,899$983,608
57$1,152,587$870,474$798,416$995,750
58$1,220,726$863,702$775,738$1,007,994
59$1,294,258$855,041$750,743$1,020,384
60$1,373,684$844,350$723,305$1,032,971
61$1,459,556$831,478$693,291$1,045,817
62$1,552,477$816,268$660,563$1,058,994
63$1,653,114$798,549$624,976$1,072,586
64$1,762,197$778,144$586,379$1,086,691
65$1,880,532$754,864$544,613$1,101,423
66$2,009,003$728,508$499,514$1,116,914
67$2,148,583$698,866$450,909$1,133,313
68$2,300,341$665,714$398,618$1,150,793
69$2,465,456$628,814$342,451$1,169,550
70$2,645,222$587,916$282,213$1,189,810
71$2,841,066$542,755$217,699$1,211,827
72$3,054,556$493,051$148,693$1,235,891
73$3,287,418$438,508$74,972$1,262,328
74$3,541,554$378,814$0$1,291,510
75$3,819,054$313,637$0$1,324,762
76$4,122,221$242,629$0$1,381,340
77$4,453,590$165,420$0$1,443,419
78$4,815,952$81,622$0$1,511,658
79$5,212,381$0$0$1,586,795
80$5,646,259$0$0$1,674,597
81$6,121,312$0$0$1,819,050
82$6,641,643$0$0$1,977,406
83$7,211,771$0$0$2,151,059
84$7,836,672$0$0$2,341,541
85$8,521,825$0$0$2,550,541
86$9,273,267$0$0$2,779,919
87$10,097,646$0$0$3,031,723
88$11,002,284$0$0$3,308,212
89$11,995,248$0$0$3,611,872
90$13,085,422$0$0$3,945,440
91$14,282,594$0$0$4,311,936
92$15,597,544$0$0$4,714,681
93$17,042,151$0$0$5,157,339
94$18,629,498$0$0$5,643,943
95$20,373,999$0$0$6,178,938
96$22,291,534$0$0$6,767,222
97$24,399,598$0$0$7,414,188
98$26,717,467$0$0$8,125,781
99$29,266,375$0$0$8,908,550
100$32,069,719$0$0$9,769,711