Can I retire at age 53 with 773,000?

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 $773,000?

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$63,834$63,265$62,710$62,169$61,640$59,453
2 years$31,601$31,012$30,442$29,889$29,352$27,172
3 years$20,858$20,267$19,698$19,150$18,622$16,518
4 years$15,488$14,898$14,335$13,797$13,282$11,269
5 years$12,266$11,680$11,125$10,597$10,096$8,180
6 years$10,119$9,538$8,990$8,475$7,989$6,171
7 years$8,586$8,010$7,471$6,967$6,497$4,777
8 years$7,437$6,866$6,336$5,845$5,390$3,766
9 years$6,544$5,978$5,457$4,978$4,539$3,010
10 years$5,830$5,269$4,758$4,291$3,868$2,430
11 years$5,246$4,691$4,189$3,735$3,326$1,977
12 years$4,759$4,210$3,717$3,276$2,882$1,619
13 years$4,348$3,805$3,321$2,892$2,514$1,332
14 years$3,996$3,459$2,984$2,567$2,203$1,101
15 years$3,691$3,160$2,694$2,290$1,940$912
16 years$3,425$2,899$2,443$2,050$1,715$758
17 years$3,190$2,670$2,223$1,842$1,520$631
18 years$2,981$2,467$2,029$1,660$1,352$527
19 years$2,795$2,286$1,858$1,500$1,205$440
20 years$2,627$2,125$1,705$1,359$1,076$368
21 years$2,476$1,979$1,568$1,233$963$308
22 years$2,338$1,847$1,445$1,121$863$258
23 years$2,213$1,728$1,334$1,021$775$217
24 years$2,098$1,619$1,234$931$697$182
25 years$1,993$1,519$1,143$850$627$153
26 years$1,896$1,428$1,060$778$565$128
27 years$1,806$1,344$984$712$509$108
28 years$1,723$1,266$915$652$459$91
29 years$1,646$1,194$852$598$415$76
30 years$1,573$1,128$793$549$375$64
31 years$1,506$1,066$739$504$339$54
32 years$1,443$1,009$690$463$306$45
33 years$1,384$956$644$426$277$38
34 years$1,329$906$602$392$251$32
35 years$1,277$859$563$361$227$27
36 years$1,228$815$526$332$206$23
37 years$1,181$774$493$306$187$19
38 years$1,138$736$461$282$169$16
39 years$1,096$700$432$260$154$14
40 years$1,057$666$405$240$139$11
41 years$1,020$634$380$221$126$10
42 years$984$604$356$204$115$8
43 years$950$575$334$189$104$7
44 years$918$548$314$174$94$6
45 years$888$523$295$161$86$5
46 years$859$499$277$149$78$4
47 years$831$476$260$137$71$3
48 years$804$454$244$127$64$3
49 years$779$434$230$117$58$2
50 years$755$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 $773,000, adding $3,437 every year, while hoping to spend $34,949 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: 32/48/20 Blend
52$773,000$773,000$773,000$773,000
53$855,391$814,422$802,441$877,365
54$905,456$817,143$792,137$896,820
55$959,455$818,827$780,317$914,341
56$1,017,755$819,384$766,892$932,481
57$1,080,754$818,723$751,772$951,317
58$1,148,894$816,743$734,859$970,934
59$1,222,659$813,341$716,054$991,430
60$1,302,579$808,404$695,251$1,012,913
61$1,389,241$801,814$672,341$1,035,508
62$1,483,286$793,445$647,207$1,059,355
63$1,585,423$783,166$619,730$1,084,612
64$1,696,429$770,834$589,784$1,111,455
65$1,817,161$756,301$557,238$1,140,086
66$1,948,560$739,409$521,954$1,170,727
67$2,091,662$719,989$483,788$1,203,630
68$2,247,608$697,864$442,591$1,239,077
69$2,417,651$672,847$398,206$1,277,384
70$2,603,174$644,739$350,468$1,318,904
71$2,805,697$613,330$299,208$1,364,031
72$3,026,892$578,397$244,245$1,413,208
73$3,268,602$539,706$185,394$1,466,927
74$3,532,855$497,007$122,461$1,525,738
75$3,821,883$450,037$55,240$1,590,253
76$4,138,146$398,520$0$1,661,157
77$4,484,351$342,161$0$1,742,731
78$4,863,477$280,649$0$1,845,110
79$5,278,809$213,658$0$1,957,486
80$5,733,961$140,841$0$2,080,961
81$6,232,916$61,833$0$2,216,752
82$6,780,057$0$0$2,366,213
83$7,380,216$0$0$2,543,386
84$8,038,711$0$0$2,773,734
85$8,761,403$0$0$3,026,661
86$9,554,746$0$0$3,304,442
87$10,425,849$0$0$3,609,582
88$11,382,546$0$0$3,944,842
89$12,433,463$0$0$4,313,261
90$13,588,106$0$0$4,718,189
91$14,856,945$0$0$5,163,316
92$16,251,515$0$0$5,652,708
93$17,784,525$0$0$6,190,845
94$19,469,976$0$0$6,782,661
95$21,323,292$0$0$7,433,592
96$23,361,470$0$0$8,149,631
97$25,603,232$0$0$8,937,376
98$28,069,210$0$0$9,804,101
99$30,782,132$0$0$10,757,818
100$33,767,042$0$0$11,807,355