Can I retire at age 53 with 837,000?

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 $837,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$69,119$68,503$67,902$67,316$66,744$64,919
2 years$34,217$33,580$32,962$32,363$31,783$29,958
3 years$22,585$21,945$21,329$20,736$20,164$18,397
4 years$16,770$16,132$15,522$14,939$14,381$12,684
5 years$13,282$12,648$12,046$11,474$10,932$9,310
6 years$10,957$10,328$9,735$9,176$8,650$7,105
7 years$9,297$8,673$8,090$7,544$7,035$5,566
8 years$8,053$7,434$6,861$6,329$5,836$4,443
9 years$7,086$6,473$5,909$5,391$4,915$3,596
10 years$6,312$5,706$5,152$4,647$4,188$2,942
11 years$5,680$5,079$4,535$4,044$3,602$2,427
12 years$5,153$4,559$4,025$3,547$3,121$2,015
13 years$4,708$4,120$3,596$3,132$2,722$1,682
14 years$4,327$3,745$3,231$2,780$2,386$1,410
15 years$3,997$3,421$2,917$2,479$2,101$1,186
16 years$3,708$3,139$2,645$2,220$1,857$1,001
17 years$3,454$2,891$2,407$1,995$1,646$846
18 years$3,228$2,671$2,197$1,797$1,464$717
19 years$3,026$2,476$2,011$1,624$1,305$609
20 years$2,845$2,300$1,846$1,471$1,165$518
21 years$2,681$2,143$1,698$1,335$1,043$440
22 years$2,532$2,000$1,565$1,214$935$375
23 years$2,396$1,871$1,445$1,105$839$320
24 years$2,272$1,753$1,336$1,008$754$273
25 years$2,158$1,645$1,238$921$679$233
26 years$2,053$1,546$1,148$842$611$199
27 years$1,956$1,455$1,066$771$551$170
28 years$1,865$1,371$991$706$497$146
29 years$1,782$1,293$922$647$449$124
30 years$1,704$1,221$859$594$406$106
31 years$1,631$1,155$801$546$367$91
32 years$1,563$1,093$747$502$332$78
33 years$1,499$1,035$698$461$300$67
34 years$1,439$981$652$424$272$57
35 years$1,383$930$609$391$246$49
36 years$1,329$883$570$360$223$42
37 years$1,279$838$534$331$202$36
38 years$1,232$797$500$306$183$31
39 years$1,187$758$468$282$166$26
40 years$1,144$721$439$260$151$23
41 years$1,104$686$411$240$137$19
42 years$1,066$654$386$221$124$17
43 years$1,029$623$362$204$113$14
44 years$994$594$340$189$102$12
45 years$961$566$319$174$93$10
46 years$930$540$300$161$84$9
47 years$900$515$282$149$77$8
48 years$871$492$265$137$70$7
49 years$844$470$249$127$63$6
50 years$817$449$234$117$57$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $837,000, adding $3,675 every year, while hoping to spend $48,957 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: 73/20/7 Blend
52$837,000$837,000$837,000$837,000
53$926,165$881,804$868,830$992,592
54$968,544$872,922$845,846$1,027,998
55$1,013,604$861,965$820,451$1,060,253
56$1,061,569$848,778$792,513$1,094,198
57$1,112,680$833,199$761,893$1,129,982
58$1,167,203$815,056$728,447$1,167,774
59$1,225,431$794,166$692,023$1,207,758
60$1,287,681$770,337$652,462$1,250,141
61$1,354,305$743,363$609,599$1,295,148
62$1,425,685$713,030$563,262$1,343,031
63$1,502,244$679,107$513,270$1,394,068
64$1,584,442$641,352$459,434$1,448,565
65$1,672,787$599,510$401,557$1,506,863
66$1,767,835$553,310$339,433$1,569,339
67$1,870,198$502,466$272,848$1,636,407
68$1,980,545$446,674$201,576$1,708,529
69$2,099,616$385,616$125,383$1,786,213
70$2,228,218$318,953$44,025$1,870,024
71$2,367,244$246,329$0$1,960,583
72$2,517,669$167,366$0$2,061,776
73$2,680,571$81,666$0$2,174,885
74$2,857,131$0$0$2,297,481
75$3,048,648$0$0$2,432,979
76$3,256,554$0$0$2,599,615
77$3,482,419$0$0$2,780,680
78$3,727,974$0$0$2,977,565
79$3,995,122$0$0$3,191,799
80$4,285,956$0$0$3,425,067
81$4,602,780$0$0$3,679,221
82$4,948,129$0$0$3,956,299
83$5,324,794$0$0$4,258,546
84$5,735,845$0$0$4,588,432
85$6,184,663$0$0$4,948,674
86$6,674,969$0$0$5,342,266
87$7,210,859$0$0$5,772,503
88$7,796,844$0$0$6,243,011
89$8,437,889$0$0$6,757,786
90$9,139,463$0$0$7,321,224
91$9,907,586$0$0$7,938,168
92$10,748,888$0$0$8,613,951
93$11,670,671$0$0$9,354,446
94$12,680,976$0$0$10,166,120
95$13,788,659$0$0$11,056,097
96$15,003,473$0$0$12,032,223
97$16,336,162$0$0$13,103,137
98$17,798,559$0$0$14,278,359
99$19,403,697$0$0$15,568,374
100$21,165,935$0$0$16,984,728