Can I retire at age 53 with 847,000?

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 $847,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$69,944$69,321$68,714$68,120$67,541$65,379
2 years$34,626$33,981$33,356$32,750$32,162$30,004
3 years$22,855$22,207$21,584$20,983$20,405$18,318
4 years$16,970$16,325$15,707$15,117$14,553$12,554
5 years$13,440$12,799$12,190$11,612$11,063$9,157
6 years$11,088$10,451$9,851$9,286$8,754$6,942
7 years$9,408$8,777$8,186$7,634$7,119$5,401
8 years$8,149$7,523$6,943$6,404$5,906$4,281
9 years$7,170$6,550$5,980$5,455$4,974$3,440
10 years$6,388$5,774$5,213$4,702$4,238$2,793
11 years$5,748$5,140$4,590$4,092$3,645$2,286
12 years$5,215$4,613$4,073$3,590$3,158$1,883
13 years$4,765$4,169$3,639$3,169$2,754$1,559
14 years$4,379$3,790$3,270$2,813$2,414$1,296
15 years$4,045$3,462$2,952$2,509$2,126$1,081
16 years$3,753$3,176$2,677$2,246$1,879$904
17 years$3,495$2,925$2,436$2,018$1,666$758
18 years$3,267$2,703$2,223$1,819$1,481$637
19 years$3,062$2,505$2,035$1,644$1,320$536
20 years$2,879$2,328$1,868$1,489$1,179$451
21 years$2,713$2,168$1,718$1,351$1,055$381
22 years$2,562$2,024$1,584$1,228$946$321
23 years$2,425$1,893$1,462$1,119$849$271
24 years$2,299$1,774$1,352$1,020$763$229
25 years$2,184$1,665$1,252$932$687$194
26 years$2,077$1,564$1,162$852$619$164
27 years$1,979$1,472$1,079$780$558$139
28 years$1,888$1,387$1,003$715$503$118
29 years$1,803$1,309$933$655$454$100
30 years$1,724$1,236$869$601$411$84
31 years$1,650$1,168$810$552$371$71
32 years$1,581$1,106$756$508$336$61
33 years$1,517$1,047$706$467$304$51
34 years$1,456$992$660$429$275$43
35 years$1,399$941$617$395$249$37
36 years$1,345$893$577$364$226$31
37 years$1,294$848$540$335$205$27
38 years$1,246$806$506$309$186$22
39 years$1,201$767$474$285$168$19
40 years$1,158$730$444$263$153$16
41 years$1,117$694$416$243$138$14
42 years$1,078$661$391$224$126$12
43 years$1,041$630$366$207$114$10
44 years$1,006$601$344$191$103$8
45 years$973$573$323$176$94$7
46 years$941$546$303$163$85$6
47 years$911$521$285$150$77$5
48 years$881$498$268$139$70$4
49 years$854$475$252$128$64$4
50 years$827$454$237$119$58$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $847,000, adding $3,597 every year, while hoping to spend $55,147 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: 58/25/17 Blend
52$847,000$847,000$847,000$847,000
53$937,104$892,213$879,085$987,107
54$974,013$877,256$849,858$1,006,450
55$1,012,838$859,717$817,804$1,021,177
56$1,053,717$839,412$782,770$1,035,972
57$1,096,798$816,146$744,595$1,050,851
58$1,142,246$789,712$703,113$1,065,835
59$1,190,237$759,889$658,149$1,080,949
60$1,240,964$726,447$609,521$1,096,225
61$1,294,640$689,140$557,037$1,111,699
62$1,351,494$647,709$500,498$1,127,416
63$1,411,778$601,878$439,697$1,143,428
64$1,475,768$551,359$374,415$1,159,798
65$1,543,764$495,843$304,426$1,176,597
66$1,616,096$435,008$229,492$1,193,910
67$1,693,125$368,510$149,367$1,211,833
68$1,775,244$295,987$63,791$1,230,480
69$1,862,886$217,058$0$1,249,978
70$1,956,525$131,318$0$1,275,469
71$2,056,679$38,341$0$1,314,801
72$2,163,917$0$0$1,356,635
73$2,278,863$0$0$1,418,391
74$2,402,202$0$0$1,496,022
75$2,534,685$0$0$1,579,460
76$2,677,136$0$0$1,669,229
77$2,830,460$0$0$1,765,908
78$2,995,651$0$0$1,870,131
79$3,173,801$0$0$1,982,594
80$3,366,109$0$0$2,104,061
81$3,573,893$0$0$2,235,374
82$3,798,601$0$0$2,377,458
83$4,041,824$0$0$2,531,327
84$4,305,312$0$0$2,698,099
85$4,590,990$0$0$2,879,001
86$4,900,973$0$0$3,075,386
87$5,237,588$0$0$3,288,737
88$5,603,394$0$0$3,520,690
89$6,001,206$0$0$3,773,041
90$6,434,123$0$0$4,047,770
91$6,905,553$0$0$4,347,052
92$7,419,245$0$0$4,673,282
93$7,979,328$0$0$5,029,097
94$8,590,344$0$0$5,417,399
95$9,257,293$0$0$5,841,380
96$9,985,679$0$0$6,304,557
97$10,781,561$0$0$6,810,799
98$11,651,609$0$0$7,364,368
99$12,603,167$0$0$7,969,955
100$13,644,322$0$0$8,632,727