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%19.5%
1 years$63,668$63,101$62,548$62,008$61,481$59,135
2 years$31,519$30,932$30,363$29,812$29,276$26,941
3 years$20,804$20,214$19,647$19,101$18,574$16,322
4 years$15,447$14,860$14,298$13,761$13,247$11,096
5 years$12,234$11,650$11,096$10,570$10,070$8,025
6 years$10,093$9,513$8,967$8,453$7,968$6,031
7 years$8,564$7,989$7,452$6,949$6,480$4,650
8 years$7,418$6,848$6,320$5,830$5,376$3,651
9 years$6,527$5,963$5,443$4,966$4,527$2,905
10 years$5,815$5,256$4,745$4,280$3,858$2,335
11 years$5,232$4,679$4,178$3,725$3,318$1,891
12 years$4,747$4,200$3,708$3,268$2,875$1,542
13 years$4,337$3,795$3,313$2,885$2,507$1,262
14 years$3,986$3,450$2,976$2,561$2,198$1,038
15 years$3,682$3,151$2,687$2,284$1,935$856
16 years$3,416$2,891$2,436$2,045$1,710$708
17 years$3,182$2,663$2,217$1,837$1,516$586
18 years$2,973$2,461$2,024$1,656$1,348$487
19 years$2,788$2,280$1,853$1,496$1,202$404
20 years$2,620$2,119$1,700$1,355$1,073$337
21 years$2,469$1,974$1,564$1,230$961$280
22 years$2,332$1,842$1,441$1,118$861$234
23 years$2,207$1,723$1,331$1,018$773$195
24 years$2,093$1,615$1,231$929$695$163
25 years$1,988$1,515$1,140$848$625$136
26 years$1,891$1,424$1,057$776$563$113
27 years$1,801$1,340$982$710$508$95
28 years$1,718$1,263$913$650$458$79
29 years$1,641$1,191$849$596$414$66
30 years$1,569$1,125$791$547$374$55
31 years$1,502$1,064$738$503$338$46
32 years$1,440$1,006$688$462$306$39
33 years$1,381$953$643$425$277$32
34 years$1,325$903$600$391$250$27
35 years$1,274$857$561$360$227$23
36 years$1,225$813$525$331$206$19
37 years$1,178$772$491$305$186$16
38 years$1,135$734$460$281$169$13
39 years$1,093$698$431$260$153$11
40 years$1,054$664$404$239$139$9
41 years$1,017$632$379$221$126$8
42 years$982$602$355$204$114$6
43 years$948$574$334$188$104$5
44 years$916$547$313$174$94$5
45 years$886$521$294$160$86$4
46 years$857$497$276$148$78$3
47 years$829$475$259$137$71$3
48 years$802$453$244$127$64$2
49 years$777$433$229$117$58$2
50 years$753$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $771,000, adding $2,059 every year, while hoping to spend $30,648 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: 61/11/28 Blend
52$771,000$771,000$771,000$771,000
53$851,766$810,903$798,952$897,181
54$906,037$818,028$793,108$935,468
55$964,816$824,475$786,041$973,759
56$1,028,531$830,178$777,677$1,014,909
57$1,097,653$835,068$767,940$1,059,205
58$1,172,697$839,070$756,750$1,106,961
59$1,254,233$842,105$744,022$1,158,528
60$1,342,886$844,090$729,668$1,214,290
61$1,439,345$844,934$713,596$1,274,673
62$1,544,366$844,544$695,710$1,340,147
63$1,658,782$842,818$675,907$1,411,232
64$1,783,512$839,650$654,084$1,488,502
65$1,919,563$834,925$630,128$1,572,588
66$2,068,046$828,525$603,926$1,664,192
67$2,230,184$820,320$575,355$1,764,085
68$2,407,324$810,176$544,290$1,873,119
69$2,600,945$797,950$510,598$1,992,237
70$2,812,681$783,488$474,142$2,122,478
71$3,044,326$766,631$434,778$2,264,988
72$3,297,859$747,207$392,354$2,421,034
73$3,575,457$725,037$346,715$2,592,014
74$3,879,518$699,928$297,694$2,779,470
75$4,212,684$671,680$245,122$2,985,104
76$4,577,862$640,077$188,818$3,210,796
77$4,978,256$604,893$128,596$3,458,619
78$5,417,395$565,888$64,260$3,730,859
79$5,899,163$522,811$0$4,030,042
80$6,427,841$475,392$0$4,360,266
81$7,008,143$423,349$0$4,743,863
82$7,645,263$366,382$0$5,165,071
83$8,344,922$304,177$0$5,627,697
84$9,113,421$236,398$0$6,135,940
85$9,957,702$162,694$0$6,694,425
86$10,885,413$82,692$0$7,308,249
87$11,904,979$0$0$7,983,030
88$13,025,683$0$0$8,725,443
89$14,257,750$0$0$9,552,697
90$15,612,447$0$0$10,462,354
91$17,102,185$0$0$11,462,758
92$18,740,641$0$0$12,563,100
93$20,542,881$0$0$13,773,508
94$22,525,507$0$0$15,105,140
95$24,706,809$0$0$16,570,290
96$27,106,940$0$0$18,182,506
97$29,748,106$0$0$19,956,712
98$32,654,773$0$0$21,909,353
99$35,853,899$0$0$24,058,552
100$39,375,189$0$0$26,424,274