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%18.8%
1 years$63,751$63,183$62,629$62,088$61,560$59,376
2 years$31,560$30,972$30,403$29,850$29,314$27,137
3 years$20,831$20,241$19,672$19,125$18,598$16,496
4 years$15,468$14,879$14,316$13,779$13,264$11,254
5 years$12,250$11,665$11,110$10,583$10,083$8,170
6 years$10,106$9,526$8,979$8,464$7,979$6,163
7 years$8,575$8,000$7,461$6,958$6,489$4,771
8 years$7,428$6,857$6,328$5,837$5,383$3,761
9 years$6,535$5,970$5,450$4,972$4,533$3,006
10 years$5,822$5,263$4,752$4,286$3,863$2,427
11 years$5,239$4,685$4,183$3,730$3,322$1,975
12 years$4,753$4,205$3,712$3,272$2,879$1,617
13 years$4,343$3,800$3,317$2,888$2,510$1,331
14 years$3,991$3,454$2,980$2,564$2,201$1,099
15 years$3,686$3,155$2,691$2,287$1,938$911
16 years$3,420$2,895$2,440$2,047$1,712$757
17 years$3,186$2,666$2,220$1,840$1,518$631
18 years$2,977$2,464$2,026$1,658$1,350$526
19 years$2,791$2,283$1,855$1,498$1,203$440
20 years$2,624$2,122$1,703$1,357$1,075$368
21 years$2,473$1,976$1,566$1,231$962$308
22 years$2,335$1,845$1,443$1,120$862$258
23 years$2,210$1,725$1,333$1,020$774$216
24 years$2,096$1,617$1,232$930$696$182
25 years$1,990$1,517$1,142$849$626$152
26 years$1,893$1,426$1,059$777$564$128
27 years$1,804$1,342$983$711$508$108
28 years$1,721$1,264$914$651$459$90
29 years$1,643$1,193$850$597$414$76
30 years$1,571$1,127$792$548$374$64
31 years$1,504$1,065$739$503$338$54
32 years$1,441$1,008$689$463$306$45
33 years$1,383$954$643$425$277$38
34 years$1,327$904$601$391$251$32
35 years$1,275$858$562$360$227$27
36 years$1,226$814$526$332$206$23
37 years$1,180$773$492$306$187$19
38 years$1,136$735$461$282$169$16
39 years$1,095$699$432$260$153$14
40 years$1,055$665$405$240$139$11
41 years$1,018$633$379$221$126$10
42 years$983$603$356$204$115$8
43 years$949$574$334$188$104$7
44 years$917$547$314$174$94$6
45 years$887$522$294$161$86$5
46 years$858$498$276$148$78$4
47 years$830$475$260$137$71$3
48 years$803$454$244$127$64$3
49 years$778$433$229$117$58$2
50 years$754$414$216$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $772,000, adding $4,176 every year, while hoping to spend $46,867 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: 63/16/21 Blend
52$772,000$772,000$772,000$772,000
53$855,052$814,136$802,170$904,031
54$892,401$804,162$779,176$927,583
55$931,989$792,129$753,842$947,674
56$973,994$777,886$726,038$968,540
57$1,018,613$761,274$695,632$990,262
58$1,066,059$742,124$662,483$1,012,930
59$1,116,567$720,258$626,446$1,036,644
60$1,170,392$695,485$587,367$1,061,519
61$1,227,815$667,607$545,086$1,087,680
62$1,289,143$636,411$499,438$1,115,269
63$1,354,714$601,674$450,248$1,144,445
64$1,424,896$563,157$397,333$1,175,385
65$1,500,096$520,612$340,503$1,208,288
66$1,580,756$473,772$279,560$1,243,373
67$1,667,364$422,358$214,297$1,280,889
68$1,760,456$366,074$144,496$1,321,109
69$1,860,618$304,608$69,933$1,364,340
70$1,968,496$237,628$0$1,410,923
71$2,084,797$164,786$0$1,463,398
72$2,210,299$85,714$0$1,536,891
73$2,345,857$22$0$1,616,243
74$2,492,411$0$0$1,702,036
75$2,650,993$0$0$1,811,236
76$2,822,737$0$0$1,929,550
77$3,008,891$0$0$2,057,839
78$3,210,828$0$0$2,197,056
79$3,430,055$0$0$2,348,245
80$3,668,233$0$0$2,512,560
81$3,927,187$0$0$2,691,266
82$4,208,925$0$0$2,885,756
83$4,515,657$0$0$3,097,563
84$4,849,815$0$0$3,328,375
85$5,214,073$0$0$3,580,047
86$5,611,378$0$0$3,854,624
87$6,044,970$0$0$4,154,354
88$6,518,418$0$0$4,481,713
89$7,035,648$0$0$4,839,427
90$7,600,985$0$0$5,230,496
91$8,219,189$0$0$5,658,223
92$8,895,501$0$0$6,126,246
93$9,635,692$0$0$6,638,571
94$10,446,118$0$0$7,199,607
95$11,333,776$0$0$7,814,212
96$12,306,372$0$0$8,487,735
97$13,372,396$0$0$9,226,065
98$14,541,193$0$0$10,035,692
99$15,823,058$0$0$10,923,760
100$17,229,332$0$0$11,898,141