Can I retire at age 53 with 774,000?

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 $774,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$63,916$63,347$62,791$62,249$61,720$59,318
2 years$31,642$31,052$30,481$29,928$29,390$26,999
3 years$20,885$20,293$19,723$19,175$18,646$16,342
4 years$15,508$14,918$14,354$13,814$13,299$11,098
5 years$12,282$11,696$11,139$10,611$10,110$8,018
6 years$10,132$9,550$9,002$8,486$7,999$6,019
7 years$8,597$8,020$7,481$6,976$6,506$4,635
8 years$7,447$6,875$6,344$5,852$5,397$3,635
9 years$6,552$5,986$5,464$4,985$4,545$2,889
10 years$5,837$5,276$4,764$4,297$3,873$2,319
11 years$5,253$4,697$4,194$3,740$3,331$1,876
12 years$4,766$4,216$3,722$3,280$2,886$1,527
13 years$4,354$3,810$3,325$2,896$2,517$1,249
14 years$4,001$3,463$2,988$2,571$2,206$1,025
15 years$3,696$3,164$2,698$2,293$1,943$844
16 years$3,429$2,903$2,446$2,053$1,717$697
17 years$3,194$2,673$2,226$1,844$1,522$577
18 years$2,985$2,470$2,032$1,662$1,354$478
19 years$2,798$2,289$1,860$1,502$1,206$397
20 years$2,631$2,127$1,707$1,360$1,078$329
21 years$2,479$1,981$1,570$1,235$964$274
22 years$2,341$1,850$1,447$1,122$864$228
23 years$2,216$1,730$1,336$1,022$776$190
24 years$2,101$1,621$1,236$932$697$158
25 years$1,995$1,521$1,144$851$628$132
26 years$1,898$1,430$1,061$779$565$110
27 years$1,808$1,345$986$713$510$92
28 years$1,725$1,268$916$653$460$77
29 years$1,648$1,196$853$599$415$64
30 years$1,576$1,129$794$550$375$53
31 years$1,508$1,068$740$505$339$45
32 years$1,445$1,010$691$464$307$37
33 years$1,386$957$645$427$278$31
34 years$1,331$907$603$392$251$26
35 years$1,278$860$563$361$228$22
36 years$1,229$816$527$333$206$18
37 years$1,183$775$493$307$187$15
38 years$1,139$737$462$283$170$13
39 years$1,098$701$433$261$154$11
40 years$1,058$667$406$240$139$9
41 years$1,021$635$380$222$127$7
42 years$985$604$357$205$115$6
43 years$952$576$335$189$104$5
44 years$920$549$314$174$95$4
45 years$889$523$295$161$86$4
46 years$860$499$277$149$78$3
47 years$832$476$260$137$71$2
48 years$805$455$245$127$64$2
49 years$780$434$230$117$58$2
50 years$756$415$216$108$53$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $774,000, adding $2,711 every year, while hoping to spend $32,884 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: 31/44/25 Blend
52$774,000$774,000$774,000$774,000
53$855,744$814,722$802,725$875,615
54$908,042$819,655$794,628$895,991
55$964,572$823,728$785,158$914,804
56$1,025,731$826,864$774,233$934,391
57$1,091,955$828,980$761,770$954,844
58$1,163,725$829,990$747,680$976,262
59$1,241,568$829,803$731,870$998,760
60$1,326,064$828,319$714,243$1,022,465
61$1,417,850$825,434$694,699$1,047,522
62$1,517,630$821,040$673,130$1,074,092
63$1,626,175$815,017$649,426$1,102,356
64$1,744,334$807,242$623,471$1,132,516
65$1,873,042$797,583$595,144$1,164,801
66$2,013,329$785,901$564,318$1,199,464
67$2,166,325$772,047$530,859$1,236,790
68$2,333,278$755,865$494,631$1,277,097
69$2,515,559$737,189$455,487$1,320,738
70$2,714,678$715,843$413,278$1,368,111
71$2,932,296$691,640$367,844$1,419,655
72$3,170,244$664,385$319,020$1,475,863
73$3,430,536$633,867$266,635$1,537,282
74$3,715,392$599,868$210,508$1,604,522
75$4,027,254$562,153$150,452$1,678,261
76$4,368,811$520,476$86,270$1,759,255
77$4,743,027$474,576$17,757$1,848,341
78$5,153,164$424,178$0$1,946,453
79$5,602,814$368,991$0$2,069,392
80$6,095,936$308,707$0$2,209,556
81$6,636,888$242,999$0$2,363,543
82$7,230,471$171,526$0$2,532,832
83$7,881,972$93,925$0$2,719,064
84$8,597,218$9,812$0$2,924,049
85$9,382,624$0$0$3,149,794
86$10,245,259$0$0$3,437,839
87$11,192,909$0$0$3,759,618
88$12,234,153$0$0$4,113,308
89$13,378,440$0$0$4,502,137
90$14,636,180$0$0$4,929,657
91$16,018,845$0$0$5,399,787
92$17,539,069$0$0$5,916,840
93$19,210,774$0$0$6,485,570
94$21,049,299$0$0$7,111,214
95$23,071,542$0$0$7,799,544
96$25,296,124$0$0$8,556,918
97$27,743,559$0$0$9,390,341
98$30,436,449$0$0$10,307,533
99$33,399,701$0$0$11,316,999
100$36,660,754$0$0$12,428,110