Can I retire at age 53 with 775,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$63,999$63,429$62,873$62,330$61,800$59,536
2 years$31,683$31,093$30,521$29,966$29,428$27,173
3 years$20,912$20,319$19,749$19,200$18,671$16,494
4 years$15,528$14,937$14,372$13,832$13,316$11,236
5 years$12,298$11,711$11,153$10,624$10,123$8,143
6 years$10,145$9,563$9,014$8,496$8,010$6,133
7 years$8,609$8,031$7,490$6,985$6,514$4,740
8 years$7,456$6,884$6,352$5,860$5,404$3,730
9 years$6,561$5,994$5,471$4,991$4,551$2,975
10 years$5,845$5,283$4,770$4,303$3,878$2,398
11 years$5,259$4,703$4,199$3,745$3,335$1,947
12 years$4,772$4,221$3,727$3,284$2,890$1,591
13 years$4,359$3,815$3,330$2,900$2,520$1,307
14 years$4,006$3,468$2,992$2,574$2,209$1,077
15 years$3,701$3,168$2,701$2,296$1,945$891
16 years$3,434$2,906$2,449$2,055$1,719$739
17 years$3,198$2,677$2,229$1,847$1,524$614
18 years$2,989$2,473$2,034$1,664$1,355$511
19 years$2,802$2,292$1,862$1,504$1,208$426
20 years$2,634$2,130$1,709$1,362$1,079$356
21 years$2,482$1,984$1,572$1,236$966$297
22 years$2,344$1,852$1,449$1,124$866$248
23 years$2,219$1,732$1,338$1,024$777$208
24 years$2,104$1,623$1,237$934$698$174
25 years$1,998$1,523$1,146$853$628$146
26 years$1,901$1,431$1,063$780$566$122
27 years$1,811$1,347$987$714$510$102
28 years$1,727$1,269$917$654$460$86
29 years$1,650$1,198$854$600$416$72
30 years$1,578$1,131$795$550$376$60
31 years$1,510$1,069$741$505$340$51
32 years$1,447$1,012$692$464$307$42
33 years$1,388$958$646$427$278$36
34 years$1,332$908$603$393$252$30
35 years$1,280$861$564$362$228$25
36 years$1,231$817$528$333$207$21
37 years$1,184$776$494$307$187$18
38 years$1,140$738$463$283$170$15
39 years$1,099$702$433$261$154$12
40 years$1,060$667$406$241$140$10
41 years$1,022$635$381$222$127$9
42 years$987$605$357$205$115$7
43 years$953$577$335$189$104$6
44 years$921$550$315$175$95$5
45 years$890$524$296$161$86$4
46 years$861$500$278$149$78$4
47 years$833$477$261$138$71$3
48 years$807$455$245$127$64$3
49 years$781$435$230$118$58$2
50 years$757$415$217$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $775,000, adding $6,714 every year, while hoping to spend $57,538 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: 50/34/16 Blend
52$775,000$775,000$775,000$775,000
53$860,975$819,900$807,888$899,910
54$887,575$798,856$773,732$906,388
55$914,959$774,851$736,504$906,900
56$943,147$747,681$696,039$906,196
57$972,159$717,128$652,167$904,179
58$1,002,013$682,962$604,709$900,750
59$1,032,730$644,938$553,477$895,801
60$1,064,327$602,799$498,278$889,218
61$1,096,825$556,272$438,907$880,882
62$1,130,241$505,070$375,150$870,665
63$1,164,595$448,887$306,786$858,431
64$1,199,903$387,402$233,583$844,038
65$1,236,183$320,274$155,298$827,333
66$1,273,450$247,145$71,678$808,156
67$1,311,722$167,634$0$786,337
68$1,351,011$81,342$0$764,691
69$1,391,330$0$0$753,286
70$1,432,691$0$0$744,264
71$1,475,104$0$0$766,211
72$1,518,576$0$0$788,697
73$1,563,111$0$0$811,723
74$1,608,713$0$0$835,289
75$1,655,380$0$0$859,392
76$1,703,109$0$0$884,030
77$1,751,891$0$0$909,196
78$1,801,713$0$0$934,881
79$1,852,557$0$0$961,073
80$1,904,400$0$0$987,759
81$1,957,212$0$0$1,014,919
82$2,010,956$0$0$1,042,531
83$2,065,586$0$0$1,070,569
84$2,121,047$0$0$1,099,000
85$2,177,276$0$0$1,127,786
86$2,234,197$0$0$1,156,885
87$2,291,721$0$0$1,186,245
88$2,349,746$0$0$1,215,807
89$2,408,154$0$0$1,245,505
90$2,466,810$0$0$1,275,260
91$2,525,559$0$0$1,304,987
92$2,584,226$0$0$1,334,584
93$2,642,609$0$0$1,363,939
94$2,700,484$0$0$1,392,926
95$2,757,594$0$0$1,421,400
96$2,813,651$0$0$1,449,200
97$2,868,333$0$0$1,476,144
98$2,921,273$0$0$1,502,028
99$2,972,066$0$0$1,526,626
100$3,020,253$0$0$1,549,681