Can I retire at age 53 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$64,164$63,592$63,035$62,491$61,959$60,808
2 years$31,764$31,173$30,599$30,044$29,504$28,349
3 years$20,966$20,372$19,800$19,249$18,719$17,595
4 years$15,568$14,975$14,409$13,868$13,350$12,267
5 years$12,330$11,741$11,182$10,652$10,149$9,108
6 years$10,172$9,587$9,037$8,518$8,030$7,035
7 years$8,631$8,051$7,510$7,003$6,531$5,580
8 years$7,476$6,902$6,369$5,875$5,418$4,512
9 years$6,578$6,009$5,485$5,004$4,563$3,701
10 years$5,860$5,297$4,782$4,314$3,888$3,069
11 years$5,273$4,715$4,210$3,754$3,344$2,567
12 years$4,784$4,232$3,737$3,293$2,897$2,162
13 years$4,371$3,825$3,338$2,907$2,527$1,832
14 years$4,017$3,477$3,000$2,581$2,215$1,559
15 years$3,710$3,176$2,708$2,301$1,950$1,331
16 years$3,442$2,914$2,455$2,061$1,723$1,141
17 years$3,206$2,684$2,234$1,852$1,528$980
18 years$2,997$2,480$2,040$1,669$1,359$844
19 years$2,809$2,298$1,867$1,508$1,211$729
20 years$2,641$2,136$1,714$1,366$1,082$630
21 years$2,489$1,989$1,576$1,239$968$545
22 years$2,350$1,857$1,453$1,127$868$472
23 years$2,224$1,737$1,341$1,026$779$410
24 years$2,109$1,627$1,240$936$700$356
25 years$2,003$1,527$1,149$855$630$309
26 years$1,906$1,435$1,066$782$567$269
27 years$1,815$1,351$989$715$512$234
28 years$1,732$1,273$920$655$462$204
29 years$1,654$1,201$856$601$417$177
30 years$1,582$1,134$797$552$377$154
31 years$1,514$1,072$743$507$341$135
32 years$1,451$1,014$694$466$308$117
33 years$1,391$960$648$428$279$102
34 years$1,336$910$605$394$252$89
35 years$1,283$863$566$363$229$78
36 years$1,234$820$529$334$207$68
37 years$1,187$778$495$308$188$59
38 years$1,143$740$464$284$170$52
39 years$1,102$703$435$262$154$45
40 years$1,062$669$407$241$140$39
41 years$1,025$637$382$223$127$34
42 years$989$607$358$205$115$30
43 years$955$578$336$190$105$26
44 years$923$551$316$175$95$23
45 years$892$525$296$162$86$20
46 years$863$501$278$149$78$17
47 years$835$478$261$138$71$15
48 years$809$457$246$127$65$13
49 years$783$436$231$118$59$12
50 years$759$417$217$109$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $777,000, adding $6,438 every year, while hoping to spend $37,412 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: 58/19/23 Blend
52$777,000$777,000$777,000$777,000
53$862,895$821,714$809,670$907,260
54$911,104$822,172$796,988$938,689
55$962,977$821,398$782,627$968,371
56$1,018,847$819,293$766,492$999,925
57$1,079,082$815,751$748,482$1,033,539
58$1,144,084$810,659$728,492$1,069,425
59$1,214,298$803,898$706,414$1,107,815
60$1,290,209$795,342$682,131$1,148,968
61$1,372,353$784,856$655,525$1,193,172
62$1,461,317$772,299$626,469$1,240,743
63$1,557,749$757,519$594,834$1,292,035
64$1,662,359$740,357$560,480$1,347,437
65$1,775,929$720,644$523,266$1,407,383
66$1,899,320$698,202$483,042$1,472,349
67$2,033,478$672,841$439,651$1,542,867
68$2,179,443$644,360$392,930$1,619,523
69$2,338,361$612,549$342,708$1,702,966
70$2,511,492$577,182$288,806$1,793,915
71$2,700,223$538,023$231,040$1,893,165
72$2,906,080$494,820$169,214$2,001,595
73$3,130,743$447,309$103,126$2,120,178
74$3,376,061$395,210$32,563$2,249,991
75$3,644,071$338,226$0$2,392,223
76$3,937,012$276,045$0$2,558,678
77$4,257,352$208,337$0$2,749,531
78$4,607,809$134,751$0$2,958,449
79$4,991,372$54,921$0$3,187,270
80$5,411,336$0$0$3,438,021
81$5,871,328$0$0$3,719,534
82$6,375,343$0$0$4,040,634
83$6,927,779$0$0$4,392,651
84$7,533,481$0$0$4,778,679
85$8,197,785$0$0$5,202,129
86$8,926,569$0$0$5,666,755
87$9,726,306$0$0$6,176,694
88$10,604,127$0$0$6,736,503
89$11,567,886$0$0$7,351,201
90$12,626,236$0$0$8,026,316
91$13,788,708$0$0$8,767,940
92$15,065,802$0$0$9,582,782
93$16,469,085$0$0$10,478,234
94$18,011,300$0$0$11,462,440
95$19,706,486$0$0$12,544,370
96$21,570,108$0$0$13,733,909
97$23,619,207$0$0$15,041,947
98$25,872,556$0$0$16,480,480
99$28,350,839$0$0$18,062,729
100$31,076,844$0$0$19,803,255