Can I retire at age 53 with 776,000?

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 $776,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$64,081$63,511$62,954$62,410$61,879$60,506
2 years$31,723$31,133$30,560$30,005$29,466$28,090
3 years$20,939$20,346$19,774$19,224$18,695$17,358
4 years$15,548$14,956$14,391$13,850$13,333$12,047
5 years$12,314$11,726$11,168$10,638$10,136$8,903
6 years$10,159$9,575$9,025$8,507$8,020$6,843
7 years$8,620$8,041$7,500$6,994$6,522$5,400
8 years$7,466$6,893$6,361$5,867$5,411$4,344
9 years$6,569$6,001$5,478$4,998$4,557$3,544
10 years$5,852$5,290$4,776$4,308$3,883$2,922
11 years$5,266$4,709$4,205$3,749$3,339$2,431
12 years$4,778$4,227$3,732$3,289$2,894$2,035
13 years$4,365$3,820$3,334$2,903$2,523$1,714
14 years$4,012$3,472$2,996$2,577$2,212$1,450
15 years$3,706$3,172$2,705$2,299$1,948$1,231
16 years$3,438$2,910$2,452$2,058$1,721$1,048
17 years$3,202$2,680$2,231$1,849$1,526$895
18 years$2,993$2,476$2,037$1,666$1,357$765
19 years$2,806$2,295$1,865$1,506$1,210$656
20 years$2,637$2,133$1,711$1,364$1,080$563
21 years$2,485$1,987$1,574$1,238$967$484
22 years$2,347$1,854$1,451$1,125$867$417
23 years$2,222$1,734$1,340$1,025$778$359
24 years$2,106$1,625$1,239$935$699$309
25 years$2,001$1,525$1,147$854$629$267
26 years$1,903$1,433$1,064$781$567$230
27 years$1,813$1,349$988$714$511$199
28 years$1,730$1,271$919$655$461$172
29 years$1,652$1,199$855$600$416$149
30 years$1,580$1,132$796$551$376$129
31 years$1,512$1,070$742$506$340$111
32 years$1,449$1,013$693$465$308$96
33 years$1,390$959$647$428$278$83
34 years$1,334$909$604$393$252$72
35 years$1,282$862$565$362$228$62
36 years$1,232$818$528$334$207$54
37 years$1,186$777$495$307$187$47
38 years$1,142$739$463$283$170$40
39 years$1,100$702$434$261$154$35
40 years$1,061$668$407$241$140$30
41 years$1,023$636$381$222$127$26
42 years$988$606$358$205$115$23
43 years$954$577$336$189$104$20
44 years$922$550$315$175$95$17
45 years$891$525$296$161$86$15
46 years$862$501$278$149$78$13
47 years$834$478$261$138$71$11
48 years$808$456$245$127$64$10
49 years$782$435$231$118$59$8
50 years$758$416$217$109$53$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $776,000, adding $4,917 every year, while hoping to spend $59,493 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: 64/30/6 Blend
52$776,000$776,000$776,000$776,000
53$860,224$819,096$807,068$914,099
54$884,667$795,931$770,805$927,405
55$909,609$769,638$731,332$934,437
56$935,038$740,000$688,481$940,556
57$960,939$706,787$642,073$945,668
58$987,294$669,759$591,922$949,673
59$1,014,080$628,659$537,833$952,461
60$1,041,270$583,217$479,604$953,917
61$1,068,831$533,146$417,023$953,915
62$1,096,727$478,145$349,867$952,318
63$1,124,912$417,893$277,907$948,983
64$1,153,336$352,053$200,899$943,750
65$1,181,940$280,267$118,594$936,453
66$1,210,657$202,160$30,726$926,907
67$1,239,410$117,332$0$914,917
68$1,268,112$25,363$0$904,308
69$1,296,664$0$0$893,177
70$1,324,953$0$0$903,820
71$1,352,852$0$0$922,532
72$1,380,218$0$0$940,837
73$1,406,892$0$0$958,622
74$1,432,691$0$0$975,759
75$1,457,415$0$0$992,103
76$1,480,835$0$0$1,007,494
77$1,502,700$0$0$1,021,752
78$1,522,726$0$0$1,034,677
79$1,540,597$0$0$1,046,044
80$1,555,962$0$0$1,055,604
81$1,568,427$0$0$1,063,080
82$1,577,558$0$0$1,068,162
83$1,582,868$0$0$1,070,506
84$1,583,818$0$0$1,069,732
85$1,579,809$0$0$1,065,414
86$1,570,176$0$0$1,057,084
87$1,554,182$0$0$1,044,218
88$1,531,007$0$0$1,026,238
89$1,499,745$0$0$1,002,502
90$1,459,390$0$0$972,301
91$1,408,829$0$0$934,846
92$1,346,829$0$0$889,267
93$1,272,026$0$0$834,600
94$1,182,908$0$0$769,778
95$1,077,807$0$0$693,621
96$954,874$0$0$604,823
97$812,067$0$0$501,942
98$647,127$0$0$383,382
99$457,558$0$0$247,383
100$240,602$0$0$91,996