Can I retire at age 53 with 848,000?

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 $848,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$70,027$69,403$68,795$68,201$67,621$66,419
2 years$34,667$34,021$33,395$32,789$32,200$30,993
3 years$22,882$22,233$21,609$21,008$20,429$19,255
4 years$16,990$16,344$15,726$15,135$14,570$13,438
5 years$13,456$12,814$12,204$11,625$11,076$9,988
6 years$11,101$10,463$9,863$9,297$8,764$7,723
7 years$9,419$8,787$8,196$7,643$7,128$6,133
8 years$8,159$7,532$6,951$6,412$5,913$4,964
9 years$7,179$6,558$5,987$5,461$4,980$4,077
10 years$6,395$5,781$5,219$4,708$4,243$3,385
11 years$5,755$5,146$4,595$4,097$3,649$2,835
12 years$5,221$4,619$4,078$3,594$3,162$2,391
13 years$4,770$4,174$3,643$3,173$2,757$2,028
14 years$4,384$3,794$3,274$2,816$2,417$1,728
15 years$4,049$3,466$2,956$2,512$2,128$1,478
16 years$3,757$3,180$2,680$2,249$1,881$1,269
17 years$3,499$2,929$2,438$2,021$1,668$1,092
18 years$3,270$2,706$2,226$1,821$1,483$942
19 years$3,066$2,508$2,038$1,646$1,322$814
20 years$2,882$2,331$1,870$1,490$1,181$704
21 years$2,716$2,171$1,720$1,353$1,057$611
22 years$2,565$2,026$1,585$1,230$947$530
23 years$2,428$1,895$1,464$1,120$850$460
24 years$2,302$1,776$1,354$1,022$764$400
25 years$2,186$1,667$1,254$933$688$348
26 years$2,080$1,566$1,163$853$619$303
27 years$1,981$1,474$1,080$781$558$264
28 years$1,890$1,389$1,004$715$504$231
29 years$1,805$1,310$934$656$455$201
30 years$1,726$1,237$870$602$411$175
31 years$1,652$1,170$811$553$372$153
32 years$1,583$1,107$757$508$336$134
33 years$1,519$1,048$707$467$304$117
34 years$1,458$993$660$430$275$102
35 years$1,401$942$617$396$250$89
36 years$1,347$894$578$365$226$78
37 years$1,296$849$541$336$205$68
38 years$1,248$807$506$310$186$60
39 years$1,202$768$474$285$168$52
40 years$1,159$730$445$263$153$45
41 years$1,118$695$417$243$139$40
42 years$1,080$662$391$224$126$35
43 years$1,043$631$367$207$114$30
44 years$1,008$601$344$191$104$27
45 years$974$573$323$176$94$23
46 years$942$547$304$163$85$20
47 years$912$522$285$151$78$18
48 years$882$498$268$139$70$16
49 years$855$476$252$129$64$14
50 years$828$455$237$119$58$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $848,000, adding $2,874 every year, while hoping to spend $48,043 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: 50/34/16 Blend
52$848,000$848,000$848,000$848,000
53$937,461$892,517$879,373$980,062
54$981,964$885,132$857,714$1,002,318
55$1,029,397$875,776$833,720$1,021,266
56$1,080,007$864,301$807,261$1,040,805
57$1,134,066$850,550$778,203$1,061,008
58$1,191,872$834,358$746,403$1,081,954
59$1,253,751$815,550$711,716$1,103,739
60$1,320,061$793,940$673,987$1,126,467
61$1,391,196$769,331$633,053$1,150,258
62$1,467,586$741,516$588,749$1,175,248
63$1,549,703$710,274$540,896$1,201,590
64$1,638,069$675,373$489,311$1,229,457
65$1,733,251$636,566$433,803$1,259,043
66$1,835,878$593,593$374,170$1,290,568
67$1,946,636$546,178$310,204$1,324,278
68$2,066,282$494,029$241,685$1,360,449
69$2,195,646$436,840$168,384$1,399,392
70$2,335,641$374,285$90,064$1,441,455
71$2,487,271$306,019$6,476$1,487,026
72$2,651,639$231,680$0$1,536,542
73$2,829,959$150,885$0$1,604,613
74$3,023,564$63,228$0$1,679,758
75$3,233,924$0$0$1,761,526
76$3,462,651$0$0$1,862,512
77$3,711,523$0$0$1,998,210
78$3,982,494$0$0$2,146,040
79$4,277,715$0$0$2,307,184
80$4,599,551$0$0$2,482,947
81$4,950,609$0$0$2,674,760
82$5,333,754$0$0$2,884,203
83$5,752,143$0$0$3,113,012
84$6,209,250$0$0$3,363,101
85$6,708,898$0$0$3,636,574
86$7,255,299$0$0$3,935,750
87$7,853,090$0$0$4,263,182
88$8,507,374$0$0$4,621,681
89$9,223,772$0$0$5,014,341
90$10,008,476$0$0$5,444,572
91$10,868,302$0$0$5,916,128
92$11,810,758$0$0$6,433,143
93$12,844,111$0$0$7,000,172
94$13,977,469$0$0$7,622,229
95$15,220,862$0$0$8,304,839
96$16,585,339$0$0$9,054,087
97$18,083,069$0$0$9,876,676
98$19,727,457$0$0$10,779,990
99$21,533,270$0$0$11,772,163
100$23,516,774$0$0$12,862,155