Can I retire at age 53 with 770,000?

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 $770,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$63,586$63,019$62,467$61,928$61,401$60,608
2 years$31,478$30,892$30,324$29,773$29,239$28,441
3 years$20,777$20,188$19,621$19,076$18,550$17,773
4 years$15,427$14,840$14,279$13,743$13,230$12,479
5 years$12,219$11,635$11,081$10,556$10,057$9,334
6 years$10,080$9,501$8,955$8,442$7,958$7,264
7 years$8,553$7,979$7,442$6,940$6,472$5,807
8 years$7,408$6,839$6,311$5,822$5,369$4,734
9 years$6,519$5,955$5,436$4,959$4,522$3,915
10 years$5,807$5,249$4,739$4,275$3,853$3,274
11 years$5,225$4,673$4,172$3,720$3,313$2,763
12 years$4,741$4,194$3,703$3,263$2,871$2,348
13 years$4,331$3,790$3,308$2,881$2,504$2,008
14 years$3,981$3,445$2,972$2,557$2,195$1,725
15 years$3,677$3,147$2,684$2,281$1,933$1,487
16 years$3,411$2,888$2,433$2,042$1,708$1,287
17 years$3,177$2,659$2,214$1,835$1,514$1,117
18 years$2,970$2,457$2,021$1,654$1,347$972
19 years$2,784$2,277$1,850$1,494$1,200$847
20 years$2,617$2,116$1,698$1,353$1,072$740
21 years$2,466$1,971$1,562$1,228$959$647
22 years$2,329$1,840$1,440$1,117$860$567
23 years$2,204$1,721$1,329$1,017$772$497
24 years$2,090$1,612$1,229$928$694$436
25 years$1,985$1,513$1,139$847$624$383
26 years$1,888$1,422$1,056$775$562$337
27 years$1,799$1,338$981$709$507$297
28 years$1,716$1,261$912$650$457$261
29 years$1,639$1,190$848$596$413$230
30 years$1,567$1,124$790$547$373$203
31 years$1,500$1,062$737$502$337$179
32 years$1,438$1,005$687$461$305$158
33 years$1,379$952$642$424$276$139
34 years$1,324$902$600$390$250$123
35 years$1,272$856$561$359$227$108
36 years$1,223$812$524$331$205$96
37 years$1,177$771$491$305$186$84
38 years$1,133$733$460$281$169$75
39 years$1,092$697$431$259$153$66
40 years$1,053$663$404$239$139$58
41 years$1,016$631$378$221$126$51
42 years$980$601$355$204$114$45
43 years$947$573$333$188$104$40
44 years$915$546$313$173$94$35
45 years$884$521$294$160$85$31
46 years$855$497$276$148$78$28
47 years$828$474$259$137$70$24
48 years$801$453$243$126$64$22
49 years$776$432$229$117$58$19
50 years$752$413$215$108$53$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $770,000, adding $5,327 every year, while hoping to spend $36,087 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: 37/38/25 Blend
52$770,000$770,000$770,000$770,000
53$854,035$813,225$801,290$879,069
54$902,750$814,677$789,737$899,367
55$955,225$814,990$776,587$917,569
56$1,011,804$814,071$761,749$936,520
57$1,072,868$811,820$745,128$956,309
58$1,138,833$808,132$726,622$977,040
59$1,210,157$802,893$706,127$998,827
60$1,287,344$795,986$683,533$1,021,799
61$1,370,947$787,283$658,725$1,046,103
62$1,461,575$776,651$631,584$1,071,902
63$1,559,896$763,948$601,983$1,099,380
64$1,666,648$749,024$569,791$1,128,744
65$1,782,639$731,719$534,872$1,160,225
66$1,908,760$711,865$497,082$1,194,081
67$2,045,990$689,283$456,271$1,230,603
68$2,195,408$663,785$412,283$1,270,114
69$2,358,199$635,170$364,954$1,312,977
70$2,535,669$603,227$314,114$1,359,594
71$2,729,255$567,732$259,584$1,410,417
72$2,940,537$528,449$201,178$1,465,948
73$3,171,256$485,127$138,702$1,526,747
74$3,423,328$437,503$71,952$1,593,438
75$3,698,863$385,295$718$1,666,714
76$4,000,182$328,210$0$1,747,347
77$4,329,843$265,935$0$1,856,284
78$4,690,661$198,139$0$1,975,901
79$5,085,736$124,476$0$2,107,133
80$5,518,483$44,577$0$2,251,223
81$5,992,661$0$0$2,409,550
82$6,512,411$0$0$2,601,178
83$7,082,293$0$0$2,831,835
84$7,707,331$0$0$3,084,926
85$8,393,055$0$0$3,362,707
86$9,145,559$0$0$3,667,660
87$9,971,557$0$0$4,002,520
88$10,878,440$0$0$4,370,299
89$11,874,353$0$0$4,774,316
90$12,968,269$0$0$5,218,228
91$14,170,070$0$0$5,706,063
92$15,490,644$0$0$6,242,257
93$16,941,986$0$0$6,831,700
94$18,537,312$0$0$7,479,777
95$20,291,178$0$0$8,192,421
96$22,219,626$0$0$8,976,172
97$24,340,325$0$0$9,838,231
98$26,672,746$0$0$10,786,534
99$29,238,341$0$0$11,829,825
100$32,060,742$0$0$12,977,739