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%11.8%
1 years$63,751$63,183$62,629$62,088$61,560$61,096
2 years$31,560$30,972$30,403$29,850$29,314$28,846
3 years$20,831$20,241$19,672$19,125$18,598$18,140
4 years$15,468$14,879$14,316$13,779$13,264$12,821
5 years$12,250$11,665$11,110$10,583$10,083$9,655
6 years$10,106$9,526$8,979$8,464$7,979$7,567
7 years$8,575$8,000$7,461$6,958$6,489$6,093
8 years$7,428$6,857$6,328$5,837$5,383$5,004
9 years$6,535$5,970$5,450$4,972$4,533$4,170
10 years$5,822$5,263$4,752$4,286$3,863$3,515
11 years$5,239$4,685$4,183$3,730$3,322$2,990
12 years$4,753$4,205$3,712$3,272$2,879$2,563
13 years$4,343$3,800$3,317$2,888$2,510$2,209
14 years$3,991$3,454$2,980$2,564$2,201$1,914
15 years$3,686$3,155$2,691$2,287$1,938$1,665
16 years$3,420$2,895$2,440$2,047$1,712$1,454
17 years$3,186$2,666$2,220$1,840$1,518$1,274
18 years$2,977$2,464$2,026$1,658$1,350$1,118
19 years$2,791$2,283$1,855$1,498$1,203$984
20 years$2,624$2,122$1,703$1,357$1,075$868
21 years$2,473$1,976$1,566$1,231$962$766
22 years$2,335$1,845$1,443$1,120$862$678
23 years$2,210$1,725$1,333$1,020$774$600
24 years$2,096$1,617$1,232$930$696$532
25 years$1,990$1,517$1,142$849$626$473
26 years$1,893$1,426$1,059$777$564$420
27 years$1,804$1,342$983$711$508$373
28 years$1,721$1,264$914$651$459$332
29 years$1,643$1,193$850$597$414$295
30 years$1,571$1,127$792$548$374$263
31 years$1,504$1,065$739$503$338$234
32 years$1,441$1,008$689$463$306$209
33 years$1,383$954$643$425$277$186
34 years$1,327$904$601$391$251$166
35 years$1,275$858$562$360$227$148
36 years$1,226$814$526$332$206$132
37 years$1,180$773$492$306$187$118
38 years$1,136$735$461$282$169$106
39 years$1,095$699$432$260$153$94
40 years$1,055$665$405$240$139$84
41 years$1,018$633$379$221$126$75
42 years$983$603$356$204$115$67
43 years$949$574$334$188$104$60
44 years$917$547$314$174$94$54
45 years$887$522$294$161$86$48
46 years$858$498$276$148$78$43
47 years$830$475$260$137$71$38
48 years$803$454$244$127$64$34
49 years$778$433$229$117$58$31
50 years$754$414$216$108$53$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $772,000, adding $6,085 every year, while hoping to spend $33,817 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: 65/15/20 Blend
52$772,000$772,000$772,000$772,000
53$857,021$816,105$804,139$908,009
54$908,456$820,113$795,096$947,009
55$964,004$823,184$784,618$985,207
56$1,024,049$825,236$772,619$1,026,153
57$1,089,012$826,183$759,012$1,070,120
58$1,159,358$825,933$743,706$1,117,406
59$1,235,596$824,387$726,603$1,168,340
60$1,318,287$821,442$707,604$1,223,287
61$1,408,047$816,988$686,604$1,282,650
62$1,505,554$810,907$663,492$1,346,874
63$1,611,555$803,075$638,153$1,416,449
64$1,726,869$793,362$610,466$1,491,917
65$1,852,400$781,626$580,307$1,573,879
66$1,989,141$767,722$547,543$1,662,994
67$2,138,184$751,492$512,038$1,759,994
68$2,300,735$732,770$473,646$1,865,683
69$2,478,115$711,382$432,219$1,980,953
70$2,671,784$687,140$387,599$2,106,786
71$2,883,345$659,849$339,623$2,244,265
72$3,114,565$629,301$288,119$2,394,590
73$3,367,389$595,275$232,910$2,559,081
74$3,643,957$557,538$173,807$2,739,197
75$3,946,629$515,845$110,617$2,936,548
76$4,277,998$469,935$43,136$3,152,911
77$4,640,926$419,533$0$3,390,246
78$5,038,558$364,349$0$3,656,880
79$5,474,364$304,074$0$3,959,261
80$5,952,160$238,385$0$4,290,860
81$6,476,153$166,939$0$4,654,633
82$7,050,975$89,374$0$5,053,843
83$7,681,728$5,306$0$5,492,082
84$8,374,032$0$0$5,973,312
85$9,134,077$0$0$6,516,041
86$9,968,681$0$0$7,113,028
87$10,885,358$0$0$7,768,776
88$11,892,382$0$0$8,489,212
89$12,998,869$0$0$9,280,866
90$14,214,862$0$0$10,150,929
91$15,551,424$0$0$11,107,327
92$17,020,745$0$0$12,158,789
93$18,636,254$0$0$13,314,933
94$20,412,746$0$0$14,586,356
95$22,366,520$0$0$15,984,733
96$24,515,538$0$0$17,522,927
97$26,879,586$0$0$19,215,112
98$29,480,466$0$0$21,076,902
99$32,342,199$0$0$23,125,503
100$35,491,252$0$0$25,379,872