Can I retire at age 53 with 771,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$63,668$63,101$62,548$62,008$61,481$60,239
2 years$31,519$30,932$30,363$29,812$29,276$28,031
3 years$20,804$20,214$19,647$19,101$18,574$17,364
4 years$15,447$14,860$14,298$13,761$13,247$12,081
5 years$12,234$11,650$11,096$10,570$10,070$8,952
6 years$10,093$9,513$8,967$8,453$7,968$6,899
7 years$8,564$7,989$7,452$6,949$6,480$5,460
8 years$7,418$6,848$6,320$5,830$5,376$4,405
9 years$6,527$5,963$5,443$4,966$4,527$3,604
10 years$5,815$5,256$4,745$4,280$3,858$2,981
11 years$5,232$4,679$4,178$3,725$3,318$2,488
12 years$4,747$4,200$3,708$3,268$2,875$2,090
13 years$4,337$3,795$3,313$2,885$2,507$1,766
14 years$3,986$3,450$2,976$2,561$2,198$1,498
15 years$3,682$3,151$2,687$2,284$1,935$1,276
16 years$3,416$2,891$2,436$2,045$1,710$1,091
17 years$3,182$2,663$2,217$1,837$1,516$935
18 years$2,973$2,461$2,024$1,656$1,348$803
19 years$2,788$2,280$1,853$1,496$1,202$691
20 years$2,620$2,119$1,700$1,355$1,073$595
21 years$2,469$1,974$1,564$1,230$961$513
22 years$2,332$1,842$1,441$1,118$861$444
23 years$2,207$1,723$1,331$1,018$773$384
24 years$2,093$1,615$1,231$929$695$332
25 years$1,988$1,515$1,140$848$625$288
26 years$1,891$1,424$1,057$776$563$249
27 years$1,801$1,340$982$710$508$216
28 years$1,718$1,263$913$650$458$188
29 years$1,641$1,191$849$596$414$163
30 years$1,569$1,125$791$547$374$141
31 years$1,502$1,064$738$503$338$123
32 years$1,440$1,006$688$462$306$107
33 years$1,381$953$643$425$277$93
34 years$1,325$903$600$391$250$81
35 years$1,274$857$561$360$227$70
36 years$1,225$813$525$331$206$61
37 years$1,178$772$491$305$186$53
38 years$1,135$734$460$281$169$46
39 years$1,093$698$431$260$153$40
40 years$1,054$664$404$239$139$35
41 years$1,017$632$379$221$126$30
42 years$982$602$355$204$114$26
43 years$948$574$334$188$104$23
44 years$916$547$313$174$94$20
45 years$886$521$294$160$86$17
46 years$857$497$276$148$78$15
47 years$829$475$259$137$71$13
48 years$802$453$244$127$64$11
49 years$777$433$229$117$58$10
50 years$753$413$215$108$53$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $771,000, adding $3,880 every year, while hoping to spend $52,611 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: 35/41/24 Blend
52$771,000$771,000$771,000$771,000
53$853,644$812,781$800,831$877,202
54$884,738$796,630$771,681$878,847
55$917,241$777,924$739,791$875,540
56$951,239$756,482$705,014$870,922
57$986,830$732,114$667,196$864,908
58$1,024,115$704,616$626,176$857,411
59$1,063,207$673,775$581,786$848,341
60$1,104,228$639,363$533,849$837,604
61$1,147,309$601,142$482,183$825,102
62$1,192,593$558,857$426,595$810,734
63$1,240,237$512,239$366,884$794,394
64$1,290,409$461,007$302,843$775,975
65$1,343,294$404,860$234,251$755,364
66$1,399,093$343,481$160,882$732,447
67$1,458,025$276,537$82,497$707,106
68$1,520,330$203,673$0$679,219
69$1,586,268$124,517$0$648,957
70$1,656,123$38,674$0$638,463
71$1,730,207$0$0$626,529
72$1,808,861$0$0$637,582
73$1,892,456$0$0$667,932
74$1,981,398$0$0$700,284
75$2,076,135$0$0$734,810
76$2,177,152$0$0$771,695
77$2,284,984$0$0$811,142
78$2,400,217$0$0$853,377
79$2,523,491$0$0$898,644
80$2,655,511$0$0$947,212
81$2,797,048$0$0$999,377
82$2,948,948$0$0$1,055,462
83$3,112,139$0$0$1,115,823
84$3,287,641$0$0$1,180,852
85$3,476,574$0$0$1,250,977
86$3,680,166$0$0$1,326,669
87$3,899,767$0$0$1,408,447
88$4,136,860$0$0$1,496,880
89$4,393,076$0$0$1,592,593
90$4,670,205$0$0$1,696,274
91$4,970,215$0$0$1,808,680
92$5,295,272$0$0$1,930,642
93$5,647,754$0$0$2,063,074
94$6,030,279$0$0$2,206,983
95$6,445,724$0$0$2,363,475
96$6,897,257$0$0$2,533,768
97$7,388,359$0$0$2,719,201
98$7,922,862$0$0$2,921,249
99$8,504,982$0$0$3,141,533
100$9,139,359$0$0$3,381,839