Can I retire at age 53 with 845,000?

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 $845,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$69,779$69,158$68,551$67,959$67,381$67,069
2 years$34,544$33,901$33,277$32,673$32,086$31,771
3 years$22,801$22,155$21,533$20,934$20,357$20,049
4 years$16,930$16,286$15,670$15,082$14,519$14,220
5 years$13,409$12,768$12,161$11,584$11,037$10,748
6 years$11,062$10,426$9,828$9,264$8,733$8,455
7 years$9,386$8,756$8,167$7,616$7,102$6,834
8 years$8,130$7,506$6,926$6,389$5,892$5,635
9 years$7,153$6,535$5,965$5,442$4,962$4,715
10 years$6,373$5,760$5,201$4,691$4,228$3,992
11 years$5,734$5,128$4,579$4,083$3,636$3,410
12 years$5,203$4,603$4,064$3,581$3,151$2,935
13 years$4,753$4,159$3,630$3,162$2,748$2,542
14 years$4,368$3,781$3,262$2,807$2,409$2,212
15 years$4,035$3,454$2,945$2,503$2,121$1,934
16 years$3,744$3,169$2,670$2,241$1,874$1,697
17 years$3,487$2,918$2,430$2,014$1,662$1,493
18 years$3,259$2,697$2,218$1,815$1,478$1,318
19 years$3,055$2,499$2,031$1,640$1,317$1,165
20 years$2,872$2,322$1,864$1,485$1,176$1,033
21 years$2,706$2,163$1,714$1,348$1,053$917
22 years$2,556$2,019$1,580$1,225$944$815
23 years$2,419$1,889$1,459$1,116$847$726
24 years$2,294$1,770$1,349$1,018$761$647
25 years$2,179$1,661$1,249$930$685$577
26 years$2,072$1,561$1,159$850$617$516
27 years$1,974$1,469$1,076$778$556$461
28 years$1,883$1,384$1,000$713$502$412
29 years$1,799$1,306$931$654$453$369
30 years$1,720$1,233$867$600$410$331
31 years$1,647$1,166$808$551$370$296
32 years$1,578$1,103$754$506$335$266
33 years$1,513$1,045$704$466$303$238
34 years$1,453$990$658$428$274$214
35 years$1,396$939$615$394$249$192
36 years$1,342$891$575$363$225$172
37 years$1,291$846$539$335$204$155
38 years$1,244$804$504$308$185$139
39 years$1,198$765$473$284$168$125
40 years$1,155$728$443$262$152$112
41 years$1,115$693$415$242$138$101
42 years$1,076$660$390$223$125$91
43 years$1,039$629$366$206$114$81
44 years$1,004$599$343$190$103$73
45 years$971$571$322$176$94$66
46 years$939$545$303$162$85$59
47 years$908$520$284$150$77$53
48 years$879$497$267$139$70$48
49 years$852$474$251$128$64$43
50 years$825$453$236$118$58$39

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $845,000, adding $6,479 every year, while hoping to spend $43,075 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: 51/43/6 Blend
52$845,000$845,000$845,000$845,000
53$937,873$893,088$879,991$984,015
54$987,705$891,018$863,639$1,014,017
55$1,041,175$887,403$845,296$1,041,409
56$1,098,611$882,121$824,849$1,070,151
57$1,160,369$875,045$802,181$1,100,378
58$1,226,842$866,037$777,169$1,132,242
59$1,298,460$854,953$749,685$1,165,912
60$1,375,698$841,641$719,594$1,201,577
61$1,459,075$825,937$686,756$1,239,447
62$1,549,163$807,671$651,025$1,279,758
63$1,646,590$786,658$612,246$1,322,770
64$1,752,045$762,708$570,260$1,368,775
65$1,866,289$735,616$524,899$1,418,096
66$1,990,154$705,165$475,987$1,471,095
67$2,124,560$671,128$423,342$1,528,173
68$2,270,514$633,262$366,773$1,589,776
69$2,429,126$591,312$306,080$1,656,401
70$2,601,619$545,008$241,055$1,728,600
71$2,789,334$494,063$171,480$1,806,983
72$2,993,750$438,176$97,129$1,892,234
73$3,216,494$377,028$17,764$1,985,106
74$3,459,355$310,281$0$2,086,439
75$3,724,303$237,579$0$2,201,448
76$4,013,507$158,546$0$2,328,373
77$4,329,354$72,783$0$2,467,238
78$4,674,471$0$0$2,619,330
79$5,051,750$0$0$2,795,598
80$5,464,378$0$0$3,026,130
81$5,915,859$0$0$3,278,456
82$6,410,057$0$0$3,554,744
83$6,951,223$0$0$3,857,383
84$7,544,038$0$0$4,189,003
85$8,193,660$0$0$4,552,500
86$8,905,768$0$0$4,951,065
87$9,686,615$0$0$5,388,211
88$10,543,092$0$0$5,867,809
89$11,482,785$0$0$6,394,120
90$12,514,052$0$0$6,971,841
91$13,646,100$0$0$7,606,143
92$14,889,067$0$0$8,302,723
93$16,254,127$0$0$9,067,859
94$17,753,583$0$0$9,908,464
95$19,400,992$0$0$10,832,155
96$21,211,287$0$0$11,847,322
97$23,200,922$0$0$12,963,210
98$25,388,021$0$0$14,190,004
99$27,792,554$0$0$15,538,925
100$30,436,520$0$0$17,022,333