Can I retire at age 53 with 846,000?

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 $846,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$69,862$69,240$68,632$68,040$67,461$66,398
2 years$34,585$33,941$33,317$32,711$32,124$31,056
3 years$22,828$22,181$21,558$20,959$20,381$19,341
4 years$16,950$16,305$15,689$15,099$14,536$13,532
5 years$13,425$12,784$12,175$11,598$11,050$10,085
6 years$11,075$10,439$9,839$9,275$8,743$7,818
7 years$9,397$8,766$8,177$7,625$7,111$6,226
8 years$8,140$7,514$6,934$6,397$5,899$5,055
9 years$7,162$6,543$5,973$5,449$4,968$4,163
10 years$6,380$5,767$5,207$4,697$4,233$3,467
11 years$5,741$5,134$4,584$4,088$3,640$2,913
12 years$5,209$4,608$4,068$3,585$3,155$2,465
13 years$4,759$4,164$3,635$3,165$2,751$2,098
14 years$4,373$3,785$3,266$2,810$2,411$1,793
15 years$4,040$3,458$2,949$2,506$2,123$1,539
16 years$3,748$3,173$2,673$2,244$1,877$1,326
17 years$3,491$2,922$2,433$2,016$1,664$1,145
18 years$3,263$2,700$2,221$1,817$1,479$991
19 years$3,059$2,502$2,033$1,642$1,319$860
20 years$2,875$2,325$1,866$1,487$1,178$747
21 years$2,710$2,166$1,716$1,349$1,054$650
22 years$2,559$2,022$1,582$1,227$945$566
23 years$2,422$1,891$1,460$1,117$848$494
24 years$2,296$1,772$1,351$1,019$762$431
25 years$2,181$1,663$1,251$931$686$377
26 years$2,075$1,563$1,160$851$618$329
27 years$1,977$1,471$1,077$779$557$288
28 years$1,886$1,386$1,002$714$503$252
29 years$1,801$1,307$932$654$454$221
30 years$1,722$1,235$868$601$410$194
31 years$1,648$1,167$809$552$371$170
32 years$1,580$1,104$755$507$335$149
33 years$1,515$1,046$705$466$304$130
34 years$1,454$991$659$429$275$114
35 years$1,397$940$616$395$249$100
36 years$1,344$892$576$364$226$88
37 years$1,293$847$539$335$204$77
38 years$1,245$805$505$309$185$68
39 years$1,200$766$473$285$168$60
40 years$1,157$729$443$263$152$52
41 years$1,116$694$416$242$138$46
42 years$1,077$661$390$224$125$40
43 years$1,040$629$366$206$114$35
44 years$1,005$600$344$191$103$31
45 years$972$572$323$176$94$27
46 years$940$546$303$163$85$24
47 years$909$521$285$150$77$21
48 years$880$497$268$139$70$19
49 years$853$475$251$128$64$16
50 years$826$454$236$119$58$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $846,000, adding $5,219 every year, while hoping to spend $38,718 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: 45/45/10 Blend
52$846,000$846,000$846,000$846,000
53$937,675$892,837$879,724$976,993
54$992,123$895,391$868,000$1,007,308
55$1,050,826$896,772$854,584$1,035,777
56$1,114,178$896,882$839,381$1,065,769
57$1,182,612$895,616$822,288$1,097,440
58$1,256,601$892,865$803,197$1,130,961
59$1,336,669$888,509$781,999$1,166,524
60$1,423,388$882,425$758,575$1,204,344
61$1,517,389$874,480$732,803$1,244,656
62$1,619,367$864,533$704,555$1,287,727
63$1,730,083$852,435$673,698$1,333,850
64$1,850,376$838,029$640,092$1,383,352
65$1,981,170$821,148$603,590$1,436,598
66$2,123,479$801,615$564,041$1,493,991
67$2,278,421$779,241$521,283$1,555,980
68$2,447,226$753,829$475,152$1,623,066
69$2,631,245$725,169$425,472$1,695,800
70$2,831,967$693,038$372,061$1,774,798
71$3,051,033$657,201$314,729$1,860,743
72$3,290,244$617,410$253,278$1,954,390
73$3,551,586$573,401$187,501$2,056,579
74$3,837,247$524,896$117,181$2,168,240
75$4,149,632$471,602$42,092$2,290,406
76$4,491,391$413,207$0$2,424,219
77$4,865,443$349,384$0$2,575,005
78$5,274,999$279,785$0$2,745,165
79$5,723,599$204,044$0$2,931,785
80$6,215,138$121,774$0$3,136,613
81$6,753,907$32,567$0$3,361,585
82$7,344,633$0$0$3,608,841
83$7,992,521$0$0$3,912,443
84$8,703,303$0$0$4,263,312
85$9,483,295$0$0$4,648,452
86$10,339,452$0$0$5,071,309
87$11,279,436$0$0$5,535,682
88$12,311,687$0$0$6,045,755
89$13,445,503$0$0$6,606,137
90$14,691,127$0$0$7,221,905
91$16,059,840$0$0$7,898,652
92$17,564,074$0$0$8,642,541
93$19,217,523$0$0$9,460,360
94$21,035,274$0$0$10,359,590
95$23,033,949$0$0$11,348,471
96$25,231,860$0$0$12,436,083
97$27,649,185$0$0$13,632,428
98$30,308,153$0$0$14,948,527
99$33,233,256$0$0$16,396,525
100$36,451,480$0$0$17,989,802