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%15.1%
1 years$64,164$63,592$63,035$62,491$61,959$60,658
2 years$31,764$31,173$30,599$30,044$29,504$28,200
3 years$20,966$20,372$19,800$19,249$18,719$17,452
4 years$15,568$14,975$14,409$13,868$13,350$12,130
5 years$12,330$11,741$11,182$10,652$10,149$8,979
6 years$10,172$9,587$9,037$8,518$8,030$6,912
7 years$8,631$8,051$7,510$7,003$6,531$5,464
8 years$7,476$6,902$6,369$5,875$5,418$4,403
9 years$6,578$6,009$5,485$5,004$4,563$3,598
10 years$5,860$5,297$4,782$4,314$3,888$2,973
11 years$5,273$4,715$4,210$3,754$3,344$2,477
12 years$4,784$4,232$3,737$3,293$2,897$2,079
13 years$4,371$3,825$3,338$2,907$2,527$1,754
14 years$4,017$3,477$3,000$2,581$2,215$1,486
15 years$3,710$3,176$2,708$2,301$1,950$1,264
16 years$3,442$2,914$2,455$2,061$1,723$1,079
17 years$3,206$2,684$2,234$1,852$1,528$923
18 years$2,997$2,480$2,040$1,669$1,359$792
19 years$2,809$2,298$1,867$1,508$1,211$680
20 years$2,641$2,136$1,714$1,366$1,082$585
21 years$2,489$1,989$1,576$1,239$968$504
22 years$2,350$1,857$1,453$1,127$868$435
23 years$2,224$1,737$1,341$1,026$779$375
24 years$2,109$1,627$1,240$936$700$324
25 years$2,003$1,527$1,149$855$630$281
26 years$1,906$1,435$1,066$782$567$243
27 years$1,815$1,351$989$715$512$210
28 years$1,732$1,273$920$655$462$182
29 years$1,654$1,201$856$601$417$158
30 years$1,582$1,134$797$552$377$137
31 years$1,514$1,072$743$507$341$119
32 years$1,451$1,014$694$466$308$103
33 years$1,391$960$648$428$279$89
34 years$1,336$910$605$394$252$77
35 years$1,283$863$566$363$229$67
36 years$1,234$820$529$334$207$58
37 years$1,187$778$495$308$188$51
38 years$1,143$740$464$284$170$44
39 years$1,102$703$435$262$154$38
40 years$1,062$669$407$241$140$33
41 years$1,025$637$382$223$127$29
42 years$989$607$358$205$115$25
43 years$955$578$336$190$105$22
44 years$923$551$316$175$95$19
45 years$892$525$296$162$86$16
46 years$863$501$278$149$78$14
47 years$835$478$261$138$71$12
48 years$809$457$246$127$65$11
49 years$783$436$231$118$59$9
50 years$759$417$217$109$53$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $777,000, adding $3,676 every year, while hoping to spend $25,670 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: 61/10/29 Blend
52$777,000$777,000$777,000$777,000
53$860,046$818,865$806,821$905,564
54$920,458$831,676$806,537$949,823
55$986,171$844,256$805,383$995,037
56$1,057,700$856,564$803,303$1,043,856
57$1,135,610$868,559$800,238$1,096,638
58$1,220,522$880,199$796,126$1,153,779
59$1,313,121$891,434$790,902$1,215,713
60$1,414,161$902,216$784,498$1,282,923
61$1,524,470$912,489$776,844$1,355,939
62$1,644,962$922,197$767,864$1,435,345
63$1,776,642$931,278$757,481$1,521,788
64$1,920,615$939,667$745,612$1,615,980
65$2,078,100$947,293$732,173$1,718,707
66$2,250,439$954,083$717,073$1,830,836
67$2,439,109$959,958$700,220$1,953,324
68$2,645,734$964,832$681,514$2,087,226
69$2,872,108$968,618$660,853$2,233,706
70$3,120,202$971,219$638,131$2,394,047
71$3,392,188$972,534$613,234$2,569,666
72$3,690,459$972,456$586,045$2,762,125
73$4,017,650$970,871$556,442$2,973,146
74$4,376,664$967,657$524,296$3,204,630
75$4,770,697$962,686$489,473$3,458,671
76$5,203,272$955,821$451,834$3,737,582
77$5,678,267$946,917$411,232$4,043,911
78$6,199,955$935,822$367,514$4,380,469
79$6,773,045$922,372$320,520$4,750,355
80$7,402,722$906,394$270,084$5,156,987
81$8,094,699$887,707$216,031$5,604,135
82$8,855,270$866,116$158,180$6,095,955
83$9,691,369$841,418$96,340$6,637,030
84$10,610,636$813,394$30,314$7,232,413
85$11,621,486$781,815$0$7,887,676
86$12,733,192$746,439$0$8,621,385
87$13,955,971$707,008$0$9,438,708
88$15,301,080$663,251$0$10,337,793
89$16,780,920$614,880$0$11,326,947
90$18,409,157$561,592$0$12,415,322
91$20,200,846$503,065$0$13,613,006
92$22,172,576$438,960$0$14,931,114
93$24,342,628$368,917$0$16,381,896
94$26,731,141$292,559$0$17,978,849
95$29,360,307$209,485$0$19,736,850
96$32,254,581$119,271$0$21,672,291
97$35,440,904$21,472$0$23,803,237
98$38,948,969$0$0$26,149,596
99$42,811,488$0$0$28,742,592
100$47,064,510$0$0$31,600,420