Can I retire at age 53 with 771,000?

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 $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%15.3%
1 years$63,668$63,101$62,548$62,008$61,481$60,141
2 years$31,519$30,932$30,363$29,812$29,276$27,934
3 years$20,804$20,214$19,647$19,101$18,574$17,270
4 years$15,447$14,860$14,298$13,761$13,247$11,992
5 years$12,234$11,650$11,096$10,570$10,070$8,867
6 years$10,093$9,513$8,967$8,453$7,968$6,818
7 years$8,564$7,989$7,452$6,949$6,480$5,384
8 years$7,418$6,848$6,320$5,830$5,376$4,333
9 years$6,527$5,963$5,443$4,966$4,527$3,537
10 years$5,815$5,256$4,745$4,280$3,858$2,919
11 years$5,232$4,679$4,178$3,725$3,318$2,429
12 years$4,747$4,200$3,708$3,268$2,875$2,036
13 years$4,337$3,795$3,313$2,885$2,507$1,715
14 years$3,986$3,450$2,976$2,561$2,198$1,452
15 years$3,682$3,151$2,687$2,284$1,935$1,233
16 years$3,416$2,891$2,436$2,045$1,710$1,051
17 years$3,182$2,663$2,217$1,837$1,516$898
18 years$2,973$2,461$2,024$1,656$1,348$769
19 years$2,788$2,280$1,853$1,496$1,202$659
20 years$2,620$2,119$1,700$1,355$1,073$567
21 years$2,469$1,974$1,564$1,230$961$487
22 years$2,332$1,842$1,441$1,118$861$420
23 years$2,207$1,723$1,331$1,018$773$362
24 years$2,093$1,615$1,231$929$695$312
25 years$1,988$1,515$1,140$848$625$270
26 years$1,891$1,424$1,057$776$563$233
27 years$1,801$1,340$982$710$508$201
28 years$1,718$1,263$913$650$458$174
29 years$1,641$1,191$849$596$414$151
30 years$1,569$1,125$791$547$374$130
31 years$1,502$1,064$738$503$338$113
32 years$1,440$1,006$688$462$306$98
33 years$1,381$953$643$425$277$85
34 years$1,325$903$600$391$250$73
35 years$1,274$857$561$360$227$64
36 years$1,225$813$525$331$206$55
37 years$1,178$772$491$305$186$48
38 years$1,135$734$460$281$169$41
39 years$1,093$698$431$260$153$36
40 years$1,054$664$404$239$139$31
41 years$1,017$632$379$221$126$27
42 years$982$602$355$204$114$23
43 years$948$574$334$188$104$20
44 years$916$547$313$174$94$18
45 years$886$521$294$160$86$15
46 years$857$497$276$148$78$13
47 years$829$475$259$137$71$11
48 years$802$453$244$127$64$10
49 years$777$433$229$117$58$9
50 years$753$413$215$108$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $771,000, adding $4,048 every year, while hoping to spend $41,261 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: 40/34/26 Blend
52$771,000$771,000$771,000$771,000
53$853,818$812,955$801,004$881,273
54$897,006$808,888$783,936$897,454
55$943,216$803,239$764,914$910,789
56$992,713$795,887$743,828$924,414
57$1,045,788$786,703$720,564$938,380
58$1,102,758$775,552$695,003$952,747
59$1,163,974$762,289$667,020$967,585
60$1,229,819$746,761$636,485$982,973
61$1,300,715$728,806$603,261$999,003
62$1,377,123$708,253$567,206$1,015,779
63$1,459,554$684,921$528,171$1,033,420
64$1,548,563$658,618$486,000$1,052,064
65$1,644,766$629,139$440,531$1,071,863
66$1,748,837$596,272$391,593$1,092,993
67$1,861,517$559,787$339,010$1,115,653
68$1,983,620$519,445$282,595$1,140,065
69$2,116,042$474,992$222,155$1,166,483
70$2,259,770$426,158$157,489$1,195,191
71$2,415,887$372,660$88,385$1,226,508
72$2,585,585$314,197$14,623$1,260,794
73$2,770,175$250,453$0$1,298,452
74$2,971,100$181,093$0$1,357,716
75$3,189,949$105,763$0$1,426,796
76$3,428,467$24,089$0$1,502,268
77$3,688,579$0$0$1,584,838
78$3,972,399$0$0$1,699,355
79$4,282,258$0$0$1,834,313
80$4,620,720$0$0$1,981,828
81$4,990,608$0$0$2,143,143
82$5,395,030$0$0$2,319,625
83$5,837,407$0$0$2,512,782
84$6,321,507$0$0$2,724,273
85$6,851,479$0$0$2,955,924
86$7,431,891$0$0$3,209,747
87$8,067,775$0$0$3,487,958
88$8,764,670$0$0$3,792,997
89$9,528,679$0$0$4,127,553
90$10,366,522$0$0$4,494,584
91$11,285,601$0$0$4,897,353
92$12,294,070$0$0$5,339,450
93$13,400,910$0$0$5,824,831
94$14,616,011$0$0$6,357,856
95$15,950,271$0$0$6,943,324
96$17,415,694$0$0$7,586,524
97$19,025,502$0$0$8,293,283
98$20,794,263$0$0$9,070,018
99$22,738,025$0$0$9,923,801
100$24,874,467$0$0$10,862,423