Can I retire at age 53 with 835,000?

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 $835,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$68,954$68,339$67,740$67,155$66,584$64,324
2 years$34,135$33,500$32,884$32,286$31,707$29,452
3 years$22,531$21,892$21,278$20,686$20,116$17,938
4 years$16,730$16,093$15,485$14,903$14,347$12,262
5 years$13,250$12,617$12,017$11,447$10,906$8,920
6 years$10,931$10,303$9,711$9,154$8,630$6,744
7 years$9,275$8,652$8,070$7,526$7,018$5,233
8 years$8,034$7,417$6,844$6,314$5,822$4,135
9 years$7,069$6,458$5,895$5,378$4,903$3,313
10 years$6,297$5,692$5,139$4,636$4,178$2,681
11 years$5,666$5,067$4,525$4,034$3,593$2,188
12 years$5,141$4,548$4,015$3,539$3,114$1,796
13 years$4,697$4,110$3,588$3,124$2,715$1,482
14 years$4,317$3,736$3,223$2,773$2,380$1,228
15 years$3,987$3,413$2,910$2,473$2,096$1,021
16 years$3,699$3,131$2,639$2,215$1,852$851
17 years$3,446$2,884$2,401$1,990$1,642$710
18 years$3,220$2,665$2,192$1,793$1,460$594
19 years$3,019$2,470$2,007$1,620$1,302$498
20 years$2,838$2,295$1,841$1,467$1,163$418
21 years$2,674$2,138$1,694$1,332$1,040$351
22 years$2,526$1,995$1,561$1,211$933$295
23 years$2,390$1,866$1,441$1,103$837$248
24 years$2,267$1,749$1,333$1,006$752$209
25 years$2,153$1,641$1,235$919$677$176
26 years$2,048$1,542$1,145$840$610$148
27 years$1,951$1,451$1,063$769$550$125
28 years$1,861$1,368$989$704$496$105
29 years$1,778$1,290$920$646$448$89
30 years$1,700$1,218$857$593$405$75
31 years$1,627$1,152$799$544$366$63
32 years$1,559$1,090$745$500$331$53
33 years$1,495$1,032$696$460$300$45
34 years$1,436$978$650$423$271$38
35 years$1,379$928$608$390$246$32
36 years$1,326$881$569$359$223$27
37 years$1,276$836$532$331$202$23
38 years$1,229$795$498$305$183$19
39 years$1,184$756$467$281$166$16
40 years$1,142$719$438$259$150$14
41 years$1,101$685$410$239$136$12
42 years$1,063$652$385$221$124$10
43 years$1,027$621$361$204$112$8
44 years$992$592$339$188$102$7
45 years$959$565$318$174$93$6
46 years$928$539$299$160$84$5
47 years$898$514$281$148$76$4
48 years$869$491$264$137$69$4
49 years$842$469$248$127$63$3
50 years$815$448$233$117$57$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $835,000, adding $4,644 every year, while hoping to spend $30,703 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: 44/28/28 Blend
52$835,000$835,000$835,000$835,000
53$924,960$880,705$867,763$957,963
54$986,638$891,192$864,165$992,455
55$1,053,579$901,164$859,418$1,026,538
56$1,126,286$910,563$853,450$1,062,898
57$1,205,314$919,327$846,188$1,101,764
58$1,291,273$927,391$837,552$1,143,391
59$1,384,836$934,686$827,463$1,188,060
60$1,486,740$941,137$815,834$1,236,082
61$1,597,799$946,664$802,576$1,287,803
62$1,718,907$951,183$787,595$1,343,605
63$1,851,049$954,605$770,793$1,403,911
64$1,995,310$956,835$752,069$1,469,189
65$2,152,882$957,770$731,313$1,539,957
66$2,325,079$957,304$708,415$1,616,787
67$2,513,348$955,322$683,257$1,700,314
68$2,719,279$951,703$655,717$1,791,238
69$2,944,627$946,318$625,665$1,890,334
70$3,191,322$939,030$592,967$1,998,461
71$3,461,490$929,695$557,484$2,116,564
72$3,757,471$918,160$519,069$2,245,694
73$4,081,844$904,260$477,569$2,387,006
74$4,437,448$887,825$432,824$2,541,782
75$4,827,410$868,671$384,666$2,711,435
76$5,255,174$846,605$332,921$2,897,528
77$5,724,535$821,421$277,407$3,101,788
78$6,239,670$792,904$217,933$3,326,123
79$6,805,184$760,823$154,300$3,572,640
80$7,426,145$724,935$86,301$3,843,665
81$8,108,139$684,985$13,720$4,141,769
82$8,857,319$640,699$0$4,469,790
83$9,680,464$591,791$0$4,849,905
84$10,585,039$537,957$0$5,272,144
85$11,579,273$478,876$0$5,736,297
86$12,672,226$414,209$0$6,246,658
87$13,873,885$343,597$0$6,807,963
88$15,195,249$266,661$0$7,425,435
89$16,648,439$183,002$0$8,104,831
90$18,246,807$92,196$0$8,852,502
91$20,005,065$0$0$9,675,449
92$21,939,425$0$0$10,583,304
93$24,067,745$0$0$11,613,562
94$26,409,704$0$0$12,747,354
95$28,986,985$0$0$13,995,194
96$31,823,479$0$0$15,368,662
97$34,945,510$0$0$16,880,522
98$38,382,083$0$0$18,544,836
99$42,165,158$0$0$20,377,099
100$46,329,953$0$0$22,394,385