Can I retire at age 53 with 843,000?

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 $843,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$69,614$68,994$68,389$67,799$67,222$64,914
2 years$34,462$33,821$33,199$32,595$32,010$29,709
3 years$22,747$22,102$21,482$20,884$20,309$18,086
4 years$16,890$16,247$15,633$15,046$14,484$12,357
5 years$13,377$12,738$12,132$11,557$11,011$8,985
6 years$11,036$10,402$9,804$9,242$8,712$6,789
7 years$9,364$8,735$8,148$7,598$7,086$5,264
8 years$8,111$7,488$6,910$6,374$5,878$4,158
9 years$7,137$6,519$5,951$5,429$4,950$3,329
10 years$6,358$5,747$5,189$4,680$4,218$2,693
11 years$5,721$5,116$4,568$4,073$3,628$2,195
12 years$5,190$4,592$4,054$3,573$3,144$1,801
13 years$4,742$4,150$3,622$3,154$2,741$1,485
14 years$4,358$3,772$3,254$2,800$2,403$1,230
15 years$4,025$3,446$2,938$2,497$2,116$1,021
16 years$3,735$3,161$2,664$2,236$1,870$851
17 years$3,479$2,911$2,424$2,009$1,658$710
18 years$3,251$2,690$2,213$1,810$1,474$594
19 years$3,048$2,493$2,026$1,636$1,314$497
20 years$2,865$2,317$1,859$1,482$1,174$417
21 years$2,700$2,158$1,710$1,345$1,050$350
22 years$2,550$2,015$1,576$1,223$941$294
23 years$2,413$1,884$1,455$1,113$845$247
24 years$2,288$1,765$1,346$1,015$760$208
25 years$2,173$1,657$1,247$927$684$175
26 years$2,067$1,557$1,156$848$616$147
27 years$1,970$1,465$1,074$776$555$124
28 years$1,879$1,381$998$711$501$105
29 years$1,795$1,303$929$652$452$88
30 years$1,716$1,230$865$598$409$74
31 years$1,643$1,163$806$550$369$63
32 years$1,574$1,100$752$505$334$53
33 years$1,510$1,042$703$465$302$45
34 years$1,449$988$656$427$274$38
35 years$1,392$937$614$393$248$32
36 years$1,339$889$574$362$225$27
37 years$1,288$844$537$334$204$23
38 years$1,241$803$503$308$185$19
39 years$1,195$763$471$284$167$16
40 years$1,153$726$442$262$152$14
41 years$1,112$691$414$241$138$11
42 years$1,073$658$389$223$125$10
43 years$1,037$627$365$206$113$8
44 years$1,002$598$342$190$103$7
45 years$968$570$321$175$94$6
46 years$937$544$302$162$85$5
47 years$906$519$284$150$77$4
48 years$877$495$267$138$70$3
49 years$850$473$251$128$64$3
50 years$823$452$236$118$58$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $843,000, adding $5,106 every year, while hoping to spend $52,057 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: 42/34/24 Blend
52$843,000$843,000$843,000$843,000
53$934,253$889,574$876,507$966,738
54$974,158$877,775$850,482$978,641
55$1,016,390$863,653$821,840$986,164
56$1,061,129$847,039$790,439$993,279
57$1,108,575$827,755$756,130$999,976
58$1,158,945$805,611$718,756$1,006,251
59$1,212,479$780,407$678,156$1,012,102
60$1,269,435$751,930$634,157$1,017,531
61$1,330,100$719,957$586,584$1,022,547
62$1,394,784$684,249$535,248$1,027,163
63$1,463,830$644,555$479,957$1,031,400
64$1,537,612$600,610$420,508$1,035,286
65$1,616,541$552,133$356,687$1,038,858
66$1,701,067$498,826$288,275$1,042,164
67$1,791,683$440,375$215,039$1,045,263
68$1,888,930$376,449$136,739$1,048,229
69$1,993,404$306,698$53,122$1,051,147
70$2,105,755$230,750$0$1,054,124
71$2,226,701$148,216$0$1,066,531
72$2,357,027$58,681$0$1,094,384
73$2,497,597$0$0$1,124,309
74$2,649,361$0$0$1,170,907
75$2,813,359$0$0$1,245,070
76$2,990,740$0$0$1,325,371
77$3,182,761$0$0$1,412,392
78$3,390,808$0$0$1,506,771
79$3,616,402$0$0$1,609,213
80$3,861,220$0$0$1,720,489
81$4,127,100$0$0$1,841,450
82$4,416,070$0$0$1,973,032
83$4,730,357$0$0$2,116,263
84$5,072,412$0$0$2,272,276
85$5,444,933$0$0$2,442,317
86$5,850,887$0$0$2,627,758
87$6,293,543$0$0$2,830,108
88$6,776,493$0$0$3,051,029
89$7,303,697$0$0$3,292,349
90$7,879,509$0$0$3,556,083
91$8,508,726$0$0$3,844,448
92$9,196,626$0$0$4,159,883
93$9,949,022$0$0$4,505,076
94$10,772,314$0$0$4,882,987
95$11,673,549$0$0$5,296,875
96$12,660,488$0$0$5,750,327
97$13,741,677$0$0$6,247,296
98$14,926,525$0$0$6,792,135
99$16,225,399$0$0$7,389,638
100$17,649,714$0$0$8,045,084