Can I retire at age 53 with 849,000?

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 $849,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$70,110$69,485$68,876$68,281$67,700$66,966
2 years$34,708$34,061$33,435$32,827$32,238$31,498
3 years$22,909$22,259$21,635$21,033$20,453$19,731
4 years$17,010$16,363$15,744$15,153$14,587$13,889
5 years$13,472$12,829$12,218$11,639$11,089$10,416
6 years$11,114$10,476$9,874$9,308$8,774$8,128
7 years$9,431$8,797$8,206$7,652$7,136$6,516
8 years$8,168$7,541$6,959$6,419$5,920$5,327
9 years$7,187$6,566$5,994$5,468$4,985$4,418
10 years$6,403$5,787$5,225$4,713$4,248$3,707
11 years$5,761$5,152$4,600$4,102$3,653$3,138
12 years$5,227$4,624$4,083$3,598$3,166$2,675
13 years$4,776$4,179$3,648$3,177$2,761$2,295
14 years$4,389$3,799$3,277$2,820$2,420$1,978
15 years$4,054$3,470$2,959$2,515$2,131$1,711
16 years$3,761$3,184$2,683$2,252$1,883$1,486
17 years$3,503$2,932$2,441$2,023$1,670$1,294
18 years$3,274$2,709$2,229$1,823$1,485$1,130
19 years$3,070$2,511$2,040$1,647$1,323$989
20 years$2,885$2,333$1,872$1,492$1,182$867
21 years$2,719$2,174$1,722$1,354$1,058$761
22 years$2,568$2,029$1,587$1,231$948$669
23 years$2,431$1,898$1,466$1,121$851$589
24 years$2,305$1,778$1,355$1,023$765$519
25 years$2,189$1,668$1,255$934$688$458
26 years$2,082$1,568$1,164$854$620$404
27 years$1,984$1,476$1,081$782$559$357
28 years$1,892$1,391$1,005$716$504$316
29 years$1,807$1,312$935$657$455$279
30 years$1,728$1,239$871$603$412$247
31 years$1,654$1,171$812$554$372$219
32 years$1,585$1,108$758$509$337$194
33 years$1,520$1,049$708$468$305$171
34 years$1,460$995$661$430$276$152
35 years$1,402$943$618$396$250$135
36 years$1,348$895$578$365$226$119
37 years$1,298$850$541$336$205$106
38 years$1,249$808$507$310$186$94
39 years$1,204$769$475$286$169$83
40 years$1,161$731$445$264$153$74
41 years$1,120$696$417$243$139$66
42 years$1,081$663$391$224$126$58
43 years$1,044$632$367$207$114$52
44 years$1,009$602$345$191$104$46
45 years$975$574$324$177$94$41
46 years$943$548$304$163$86$36
47 years$913$523$286$151$78$32
48 years$884$499$268$139$71$28
49 years$856$476$252$129$64$25
50 years$829$455$237$119$58$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $849,000, adding $3,928 every year, while hoping to spend $50,432 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: 63/20/17 Blend
52$849,000$849,000$849,000$849,000
53$939,650$894,653$881,493$994,610
54$981,835$884,831$857,364$1,022,200
55$1,026,632$872,839$830,736$1,046,242
56$1,074,256$858,515$801,473$1,071,297
57$1,124,938$841,690$769,431$1,097,468
58$1,178,936$822,187$734,460$1,124,868
59$1,236,527$799,814$696,404$1,153,624
60$1,298,019$774,371$655,100$1,183,878
61$1,363,747$745,645$610,376$1,215,789
62$1,434,079$713,412$562,054$1,249,533
63$1,509,419$677,433$509,946$1,285,307
64$1,590,209$637,457$453,859$1,323,334
65$1,676,935$593,216$393,588$1,363,857
66$1,770,130$544,431$328,920$1,407,150
67$1,870,377$490,803$259,633$1,453,520
68$1,978,321$432,017$185,496$1,503,303
69$2,094,665$367,742$106,266$1,556,879
70$2,220,185$297,625$21,690$1,614,668
71$2,355,732$221,297$0$1,677,135
72$2,502,241$138,364$0$1,757,238
73$2,660,740$48,414$0$1,848,122
74$2,832,359$0$0$1,946,543
75$3,018,339$0$0$2,064,046
76$3,220,048$0$0$2,203,093
77$3,438,987$0$0$2,354,071
78$3,676,809$0$0$2,518,126
79$3,935,330$0$0$2,696,520
80$4,216,550$0$0$2,890,637
81$4,522,669$0$0$3,102,006
82$4,856,107$0$0$3,332,305
83$5,219,528$0$0$3,583,382
84$5,615,863$0$0$3,857,271
85$6,048,338$0$0$4,156,210
86$6,520,504$0$0$4,482,665
87$7,036,272$0$0$4,839,348
88$7,599,944$0$0$5,229,245
89$8,216,259$0$0$5,655,644
90$8,890,433$0$0$6,122,166
91$9,628,210$0$0$6,632,797
92$10,435,916$0$0$7,191,927
93$11,320,516$0$0$7,804,390
94$12,289,678$0$0$8,475,508
95$13,351,851$0$0$9,211,146
96$14,516,338$0$0$10,017,759
97$15,793,384$0$0$10,902,460
98$17,194,274$0$0$11,873,081
99$18,731,440$0$0$12,938,250
100$20,418,571$0$0$14,107,472