Can I retire at age 53 with 772,000?

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 $772,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$63,751$63,183$62,629$62,088$61,560$60,048
2 years$31,560$30,972$30,403$29,850$29,314$27,800
3 years$20,831$20,241$19,672$19,125$18,598$17,129
4 years$15,468$14,879$14,316$13,779$13,264$11,852
5 years$12,250$11,665$11,110$10,583$10,083$8,732
6 years$10,106$9,526$8,979$8,464$7,979$6,689
7 years$8,575$8,000$7,461$6,958$6,489$5,261
8 years$7,428$6,857$6,328$5,837$5,383$4,217
9 years$6,535$5,970$5,450$4,972$4,533$3,428
10 years$5,822$5,263$4,752$4,286$3,863$2,816
11 years$5,239$4,685$4,183$3,730$3,322$2,334
12 years$4,753$4,205$3,712$3,272$2,879$1,946
13 years$4,343$3,800$3,317$2,888$2,510$1,632
14 years$3,991$3,454$2,980$2,564$2,201$1,375
15 years$3,686$3,155$2,691$2,287$1,938$1,162
16 years$3,420$2,895$2,440$2,047$1,712$986
17 years$3,186$2,666$2,220$1,840$1,518$838
18 years$2,977$2,464$2,026$1,658$1,350$714
19 years$2,791$2,283$1,855$1,498$1,203$609
20 years$2,624$2,122$1,703$1,357$1,075$520
21 years$2,473$1,976$1,566$1,231$962$445
22 years$2,335$1,845$1,443$1,120$862$381
23 years$2,210$1,725$1,333$1,020$774$327
24 years$2,096$1,617$1,232$930$696$281
25 years$1,990$1,517$1,142$849$626$241
26 years$1,893$1,426$1,059$777$564$207
27 years$1,804$1,342$983$711$508$178
28 years$1,721$1,264$914$651$459$153
29 years$1,643$1,193$850$597$414$132
30 years$1,571$1,127$792$548$374$113
31 years$1,504$1,065$739$503$338$97
32 years$1,441$1,008$689$463$306$84
33 years$1,383$954$643$425$277$72
34 years$1,327$904$601$391$251$62
35 years$1,275$858$562$360$227$54
36 years$1,226$814$526$332$206$46
37 years$1,180$773$492$306$187$40
38 years$1,136$735$461$282$169$34
39 years$1,095$699$432$260$153$30
40 years$1,055$665$405$240$139$25
41 years$1,018$633$379$221$126$22
42 years$983$603$356$204$115$19
43 years$949$574$334$188$104$16
44 years$917$547$314$174$94$14
45 years$887$522$294$161$86$12
46 years$858$498$276$148$78$10
47 years$830$475$260$137$71$9
48 years$803$454$244$127$64$8
49 years$778$433$229$117$58$7
50 years$754$414$216$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $772,000, adding $6,305 every year, while hoping to spend $47,225 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: 64/14/22 Blend
52$772,000$772,000$772,000$772,000
53$857,248$816,332$804,366$906,858
54$894,440$806,085$781,065$930,798
55$933,843$793,753$755,401$951,068
56$975,632$779,185$727,244$972,129
57$1,020,000$762,218$696,460$994,064
58$1,067,157$742,683$662,908$1,016,963
59$1,117,331$720,399$626,440$1,040,928
60$1,170,775$695,175$586,902$1,066,074
61$1,227,764$666,808$544,133$1,092,528
62$1,288,599$635,085$497,965$1,120,434
63$1,353,611$599,779$448,221$1,149,952
64$1,423,162$560,650$394,719$1,181,260
65$1,497,648$517,446$337,266$1,214,557
66$1,577,506$469,899$275,662$1,250,067
67$1,663,213$417,725$209,698$1,288,036
68$1,755,293$360,626$139,155$1,328,742
69$1,854,322$298,286$63,806$1,372,492
70$1,960,932$230,371$0$1,419,629
71$2,075,816$156,528$0$1,474,432
72$2,199,737$76,386$0$1,549,664
73$2,333,531$0$0$1,630,865
74$2,478,120$0$0$1,720,232
75$2,634,513$0$0$1,829,666
76$2,803,822$0$0$1,948,182
77$2,987,270$0$0$2,076,641
78$3,186,199$0$0$2,215,989
79$3,402,087$0$0$2,367,269
80$3,636,559$0$0$2,531,625
81$3,891,403$0$0$2,710,316
82$4,168,583$0$0$2,904,728
83$4,470,264$0$0$3,116,386
84$4,798,826$0$0$3,346,967
85$5,156,887$0$0$3,598,318
86$5,547,331$0$0$3,872,470
87$5,973,331$0$0$4,171,661
88$6,438,378$0$0$4,498,351
89$6,946,316$0$0$4,855,251
90$7,501,378$0$0$5,245,343
91$8,108,221$0$0$5,671,913
92$8,771,977$0$0$6,138,577
93$9,498,292$0$0$6,649,317
94$10,293,386$0$0$7,208,517
95$11,164,107$0$0$7,821,006
96$12,117,996$0$0$8,492,102
97$13,163,360$0$0$9,227,659
98$14,309,344$0$0$10,034,129
99$15,566,023$0$0$10,918,614
100$16,944,493$0$0$11,888,938