Can I retire at age 53 with 775,000?

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 $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%17.3%
1 years$63,999$63,429$62,873$62,330$61,800$59,965
2 years$31,683$31,093$30,521$29,966$29,428$27,596
3 years$20,912$20,319$19,749$19,200$18,671$16,897
4 years$15,528$14,937$14,372$13,832$13,316$11,615
5 years$12,298$11,711$11,153$10,624$10,123$8,498
6 years$10,145$9,563$9,014$8,496$8,010$6,464
7 years$8,609$8,031$7,490$6,985$6,514$5,047
8 years$7,456$6,884$6,352$5,860$5,404$4,015
9 years$6,561$5,994$5,471$4,991$4,551$3,238
10 years$5,845$5,283$4,770$4,303$3,878$2,639
11 years$5,259$4,703$4,199$3,745$3,335$2,168
12 years$4,772$4,221$3,727$3,284$2,890$1,793
13 years$4,359$3,815$3,330$2,900$2,520$1,491
14 years$4,006$3,468$2,992$2,574$2,209$1,244
15 years$3,701$3,168$2,701$2,296$1,945$1,042
16 years$3,434$2,906$2,449$2,055$1,719$876
17 years$3,198$2,677$2,229$1,847$1,524$737
18 years$2,989$2,473$2,034$1,664$1,355$622
19 years$2,802$2,292$1,862$1,504$1,208$526
20 years$2,634$2,130$1,709$1,362$1,079$445
21 years$2,482$1,984$1,572$1,236$966$377
22 years$2,344$1,852$1,449$1,124$866$320
23 years$2,219$1,732$1,338$1,024$777$271
24 years$2,104$1,623$1,237$934$698$230
25 years$1,998$1,523$1,146$853$628$196
26 years$1,901$1,431$1,063$780$566$166
27 years$1,811$1,347$987$714$510$142
28 years$1,727$1,269$917$654$460$120
29 years$1,650$1,198$854$600$416$102
30 years$1,578$1,131$795$550$376$87
31 years$1,510$1,069$741$505$340$74
32 years$1,447$1,012$692$464$307$63
33 years$1,388$958$646$427$278$54
34 years$1,332$908$603$393$252$46
35 years$1,280$861$564$362$228$39
36 years$1,231$817$528$333$207$33
37 years$1,184$776$494$307$187$28
38 years$1,140$738$463$283$170$24
39 years$1,099$702$433$261$154$21
40 years$1,060$667$406$241$140$18
41 years$1,022$635$381$222$127$15
42 years$987$605$357$205$115$13
43 years$953$577$335$189$104$11
44 years$921$550$315$175$95$9
45 years$890$524$296$161$86$8
46 years$861$500$278$149$78$7
47 years$833$477$261$138$71$6
48 years$807$455$245$127$64$5
49 years$781$435$230$118$58$4
50 years$757$415$217$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $775,000, adding $3,356 every year, while hoping to spend $48,940 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: 40/35/25 Blend
52$775,000$775,000$775,000$775,000
53$857,512$816,437$804,424$885,359
54$892,906$804,370$779,301$893,723
55$930,271$790,072$751,695$897,920
56$969,754$773,382$721,473$901,500
57$1,011,520$754,129$688,493$904,436
58$1,055,745$732,131$652,608$906,702
59$1,102,625$707,200$613,664$908,274
60$1,152,371$679,131$571,500$909,130
61$1,205,216$647,711$525,948$909,249
62$1,261,412$612,713$476,832$908,616
63$1,321,239$573,898$423,968$907,217
64$1,384,999$531,013$367,165$905,045
65$1,453,027$483,791$306,223$902,096
66$1,525,685$431,946$240,931$898,373
67$1,603,376$375,182$171,073$893,886
68$1,686,536$313,182$96,420$888,654
69$1,775,646$245,611$16,733$882,704
70$1,871,233$172,118$0$876,075
71$1,973,877$92,329$0$887,040
72$2,084,211$5,852$0$903,392
73$2,202,932$0$0$920,815
74$2,330,806$0$0$973,275
75$2,468,673$0$0$1,032,341
76$2,617,457$0$0$1,096,166
77$2,778,172$0$0$1,165,194
78$2,951,932$0$0$1,239,916
79$3,139,963$0$0$1,320,869
80$3,343,611$0$0$1,408,645
81$3,564,357$0$0$1,503,896
82$3,803,831$0$0$1,607,337
83$4,063,821$0$0$1,719,755
84$4,346,299$0$0$1,842,016
85$4,653,431$0$0$1,975,074
86$4,987,599$0$0$2,119,977
87$5,351,428$0$0$2,277,878
88$5,747,803$0$0$2,450,048
89$6,179,900$0$0$2,637,883
90$6,651,214$0$0$2,842,922
91$7,165,592$0$0$3,066,859
92$7,727,270$0$0$3,311,557
93$8,340,909$0$0$3,579,068
94$9,011,640$0$0$3,871,652
95$9,745,115$0$0$4,191,796
96$10,547,554$0$0$4,542,240
97$11,425,808$0$0$4,926,000
98$12,387,420$0$0$5,346,398
99$13,440,695$0$0$5,807,092
100$14,594,783$0$0$6,312,110