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%17.1%
1 years$63,586$63,019$62,467$61,928$61,401$59,627
2 years$31,478$30,892$30,324$29,773$29,239$27,465
3 years$20,777$20,188$19,621$19,076$18,550$16,833
4 years$15,427$14,840$14,279$13,743$13,230$11,583
5 years$12,219$11,635$11,081$10,556$10,057$8,484
6 years$10,080$9,501$8,955$8,442$7,958$6,460
7 years$8,553$7,979$7,442$6,940$6,472$5,049
8 years$7,408$6,839$6,311$5,822$5,369$4,021
9 years$6,519$5,955$5,436$4,959$4,522$3,247
10 years$5,807$5,249$4,739$4,275$3,853$2,650
11 years$5,225$4,673$4,172$3,720$3,313$2,180
12 years$4,741$4,194$3,703$3,263$2,871$1,805
13 years$4,331$3,790$3,308$2,881$2,504$1,503
14 years$3,981$3,445$2,972$2,557$2,195$1,256
15 years$3,677$3,147$2,684$2,281$1,933$1,054
16 years$3,411$2,888$2,433$2,042$1,708$887
17 years$3,177$2,659$2,214$1,835$1,514$748
18 years$2,970$2,457$2,021$1,654$1,347$632
19 years$2,784$2,277$1,850$1,494$1,200$535
20 years$2,617$2,116$1,698$1,353$1,072$453
21 years$2,466$1,971$1,562$1,228$959$384
22 years$2,329$1,840$1,440$1,117$860$326
23 years$2,204$1,721$1,329$1,017$772$278
24 years$2,090$1,612$1,229$928$694$236
25 years$1,985$1,513$1,139$847$624$201
26 years$1,888$1,422$1,056$775$562$171
27 years$1,799$1,338$981$709$507$146
28 years$1,716$1,261$912$650$457$124
29 years$1,639$1,190$848$596$413$106
30 years$1,567$1,124$790$547$373$90
31 years$1,500$1,062$737$502$337$77
32 years$1,438$1,005$687$461$305$66
33 years$1,379$952$642$424$276$56
34 years$1,324$902$600$390$250$48
35 years$1,272$856$561$359$227$41
36 years$1,223$812$524$331$205$35
37 years$1,177$771$491$305$186$30
38 years$1,133$733$460$281$169$25
39 years$1,092$697$431$259$153$22
40 years$1,053$663$404$239$139$18
41 years$1,016$631$378$221$126$16
42 years$980$601$355$204$114$13
43 years$947$573$333$188$104$12
44 years$915$546$313$173$94$10
45 years$884$521$294$160$85$8
46 years$855$497$276$148$78$7
47 years$828$474$259$137$70$6
48 years$801$453$243$126$64$5
49 years$776$432$229$117$58$4
50 years$752$413$215$108$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $770,000, adding $6,078 every year, while hoping to spend $39,964 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: 71/5/24 Blend
52$770,000$770,000$770,000$770,000
53$854,809$813,999$802,064$909,939
54$899,479$811,364$786,412$944,913
55$947,365$807,260$768,896$977,931
56$998,753$801,573$749,412$1,013,122
57$1,053,959$794,183$727,850$1,050,698
58$1,113,325$784,960$704,095$1,090,894
59$1,177,230$773,769$678,028$1,133,968
60$1,246,090$760,466$649,524$1,180,206
61$1,320,359$744,898$618,452$1,229,926
62$1,400,540$726,902$584,674$1,283,478
63$1,487,183$706,308$548,049$1,341,246
64$1,580,893$682,934$508,425$1,403,660
65$1,682,335$656,589$465,648$1,471,189
66$1,792,240$627,068$419,554$1,544,355
67$1,911,412$594,158$369,973$1,623,734
68$2,040,734$557,630$316,726$1,709,962
69$2,181,180$517,245$259,627$1,803,740
70$2,333,819$472,749$198,483$1,905,844
71$2,499,827$423,871$133,090$2,017,131
72$2,680,498$370,330$63,238$2,138,546
73$2,877,257$311,824$0$2,271,132
74$3,091,671$248,037$0$2,418,938
75$3,325,464$178,634$0$2,597,811
76$3,580,535$103,261$0$2,793,007
77$3,858,974$21,545$0$3,006,139
78$4,163,080$0$0$3,238,987
79$4,495,385$0$0$3,497,190
80$4,858,677$0$0$3,780,804
81$5,256,024$0$0$4,091,044
82$5,690,807$0$0$4,430,553
83$6,166,745$0$0$4,802,243
84$6,687,937$0$0$5,209,317
85$7,258,894$0$0$5,655,306
86$7,884,586$0$0$6,144,098
87$8,570,484$0$0$6,679,972
88$9,322,617$0$0$7,267,645
89$10,147,622$0$0$7,912,309
90$11,052,813$0$0$8,619,685
91$12,046,241$0$0$9,396,074
92$13,136,780$0$0$10,248,415
93$14,334,201$0$0$11,184,354
94$15,649,270$0$0$12,212,313
95$17,093,844$0$0$13,341,569
96$18,680,988$0$0$14,582,343
97$20,425,093$0$0$15,945,893
98$22,342,014$0$0$17,444,625
99$24,449,218$0$0$19,092,203
100$26,765,949$0$0$20,903,683