Can I retire at age 53 with 842,000?

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 $842,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$69,532$68,912$68,308$67,718$67,142$64,760
2 years$34,422$33,781$33,159$32,557$31,973$29,598
3 years$22,720$22,076$21,456$20,859$20,285$17,992
4 years$16,870$16,228$15,615$15,028$14,467$12,274
5 years$13,361$12,723$12,118$11,543$10,998$8,910
6 years$11,023$10,389$9,793$9,231$8,702$6,722
7 years$9,353$8,725$8,138$7,589$7,077$5,203
8 years$8,101$7,479$6,902$6,367$5,871$4,103
9 years$7,128$6,512$5,944$5,423$4,944$3,279
10 years$6,350$5,740$5,182$4,675$4,213$2,647
11 years$5,714$5,110$4,562$4,068$3,623$2,154
12 years$5,184$4,586$4,049$3,568$3,140$1,764
13 years$4,736$4,145$3,618$3,150$2,738$1,451
14 years$4,353$3,767$3,250$2,797$2,400$1,199
15 years$4,021$3,442$2,935$2,494$2,113$994
16 years$3,730$3,158$2,661$2,233$1,868$826
17 years$3,474$2,908$2,421$2,006$1,656$688
18 years$3,247$2,687$2,210$1,808$1,472$574
19 years$3,044$2,490$2,023$1,634$1,312$479
20 years$2,862$2,314$1,857$1,480$1,172$401
21 years$2,697$2,156$1,708$1,343$1,049$336
22 years$2,547$2,012$1,574$1,221$940$281
23 years$2,411$1,882$1,453$1,112$844$236
24 years$2,286$1,763$1,344$1,014$759$198
25 years$2,171$1,655$1,245$926$683$166
26 years$2,065$1,555$1,155$847$615$140
27 years$1,967$1,464$1,072$775$554$117
28 years$1,877$1,379$997$710$500$99
29 years$1,792$1,301$928$651$452$83
30 years$1,714$1,229$864$598$408$70
31 years$1,641$1,162$806$549$369$59
32 years$1,572$1,099$752$505$334$49
33 years$1,508$1,041$702$464$302$41
34 years$1,448$986$656$427$274$35
35 years$1,391$936$613$393$248$29
36 years$1,337$888$573$362$224$25
37 years$1,287$843$537$333$203$21
38 years$1,239$802$503$307$184$18
39 years$1,194$762$471$283$167$15
40 years$1,151$725$441$261$152$12
41 years$1,111$690$414$241$138$10
42 years$1,072$657$388$223$125$9
43 years$1,035$626$364$205$113$7
44 years$1,000$597$342$190$103$6
45 years$967$569$321$175$93$5
46 years$935$543$302$162$85$4
47 years$905$518$283$150$77$4
48 years$876$495$266$138$70$3
49 years$849$473$250$128$64$3
50 years$822$451$235$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $842,000, adding $4,865 every year, while hoping to spend $20,774 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: 36/34/30 Blend
52$842,000$842,000$842,000$842,000
53$932,902$888,276$875,225$957,959
54$1,005,955$909,698$882,442$998,539
55$1,085,763$931,474$889,204$1,040,107
56$1,172,993$953,598$895,475$1,084,594
57$1,268,379$976,066$901,214$1,132,275
58$1,372,731$998,871$906,382$1,183,458
59$1,486,939$1,022,004$910,935$1,238,479
60$1,611,982$1,045,458$914,827$1,297,710
61$1,748,942$1,069,223$918,011$1,361,561
62$1,899,006$1,093,287$920,437$1,430,484
63$2,063,485$1,117,638$922,052$1,504,978
64$2,243,820$1,142,262$922,800$1,585,593
65$2,441,599$1,167,143$922,624$1,672,936
66$2,658,573$1,192,264$921,462$1,767,675
67$2,896,668$1,217,605$919,252$1,870,549
68$3,158,007$1,243,146$915,925$1,982,372
69$3,444,927$1,268,864$911,412$2,104,041
70$3,760,005$1,294,733$905,640$2,236,545
71$4,106,077$1,320,727$898,530$2,380,978
72$4,486,268$1,346,814$890,002$2,538,543
73$4,904,023$1,372,963$879,973$2,710,568
74$5,363,133$1,399,138$868,352$2,898,518
75$5,867,778$1,425,301$855,046$3,104,009
76$6,422,561$1,451,411$839,960$3,328,822
77$7,032,554$1,477,422$822,991$3,574,922
78$7,703,346$1,503,287$804,033$3,844,476
79$8,441,093$1,528,954$782,974$4,139,873
80$9,252,579$1,554,367$759,697$4,463,748
81$10,145,276$1,579,465$734,082$4,819,007
82$11,127,420$1,604,185$705,999$5,208,855
83$12,208,084$1,628,456$675,317$5,636,825
84$13,397,264$1,652,206$641,895$6,106,813
85$14,705,974$1,675,354$605,588$6,623,115
86$16,146,352$1,697,815$566,244$7,190,470
87$17,731,771$1,719,498$523,704$7,814,100
88$19,476,964$1,740,306$477,801$8,499,765
89$21,398,169$1,760,135$428,361$9,253,816
90$23,513,274$1,778,875$375,204$10,083,254
91$25,841,995$1,796,406$318,140$10,995,798
92$28,406,051$1,812,602$256,970$11,999,961
93$31,229,378$1,827,330$191,489$13,105,125
94$34,338,351$1,840,446$121,480$14,321,636
95$37,762,032$1,851,796$46,718$15,660,900
96$41,532,445$1,861,220$0$17,135,491
97$45,684,879$1,868,544$0$18,769,855
98$50,258,219$1,873,585$0$20,585,337
99$55,295,314$1,876,148$0$22,583,895
100$60,843,382$1,876,025$0$24,784,187