Can I retire at age 53 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$64,247$63,674$63,116$62,571$62,039$60,441
2 years$31,805$31,213$30,639$30,082$29,542$27,943
3 years$20,993$20,398$19,825$19,274$18,743$17,192
4 years$15,588$14,995$14,428$13,886$13,368$11,878
5 years$12,346$11,756$11,197$10,666$10,162$8,737
6 years$10,185$9,600$9,048$8,529$8,041$6,682
7 years$8,642$8,062$7,519$7,012$6,539$5,247
8 years$7,485$6,910$6,377$5,883$5,425$4,198
9 years$6,586$6,017$5,492$5,011$4,569$3,406
10 years$5,867$5,303$4,788$4,319$3,893$2,793
11 years$5,280$4,721$4,216$3,759$3,348$2,310
12 years$4,790$4,238$3,741$3,297$2,901$1,923
13 years$4,376$3,830$3,343$2,911$2,530$1,610
14 years$4,022$3,481$3,003$2,584$2,218$1,353
15 years$3,715$3,180$2,712$2,304$1,953$1,141
16 years$3,447$2,918$2,458$2,063$1,726$966
17 years$3,210$2,687$2,237$1,854$1,530$819
18 years$3,000$2,483$2,042$1,671$1,361$696
19 years$2,813$2,301$1,870$1,510$1,213$593
20 years$2,644$2,138$1,716$1,367$1,083$505
21 years$2,492$1,992$1,578$1,241$969$431
22 years$2,353$1,859$1,455$1,128$869$369
23 years$2,227$1,739$1,343$1,028$780$315
24 years$2,112$1,629$1,242$937$701$270
25 years$2,006$1,529$1,150$856$631$231
26 years$1,908$1,437$1,067$783$568$198
27 years$1,818$1,352$991$716$512$170
28 years$1,734$1,274$921$656$462$146
29 years$1,656$1,202$857$602$417$125
30 years$1,584$1,135$798$552$377$107
31 years$1,516$1,073$744$507$341$92
32 years$1,453$1,016$694$466$308$79
33 years$1,393$962$648$429$279$68
34 years$1,338$911$606$394$253$58
35 years$1,285$865$566$363$229$50
36 years$1,236$821$530$334$207$43
37 years$1,189$779$496$308$188$37
38 years$1,145$741$464$284$170$32
39 years$1,103$704$435$262$155$27
40 years$1,064$670$408$242$140$24
41 years$1,026$638$382$223$127$20
42 years$991$607$359$206$115$17
43 years$957$579$337$190$105$15
44 years$924$552$316$175$95$13
45 years$894$526$297$162$86$11
46 years$864$502$279$150$78$9
47 years$836$479$262$138$71$8
48 years$810$457$246$128$65$7
49 years$784$437$231$118$59$6
50 years$760$417$217$109$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $778,000, adding $5,304 every year, while hoping to spend $57,431 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: 61/21/18 Blend
52$778,000$778,000$778,000$778,000
53$862,827$821,593$809,534$911,166
54$889,729$800,745$775,547$923,564
55$917,451$776,951$738,497$930,216
56$946,014$750,005$698,220$936,145
57$975,443$719,690$654,546$941,286
58$1,005,761$685,778$607,297$945,572
59$1,036,993$648,025$556,285$948,931
60$1,069,162$606,175$501,317$951,287
61$1,102,295$559,955$442,188$952,560
62$1,136,415$509,079$378,688$952,664
63$1,171,548$453,243$310,593$951,507
64$1,207,721$392,127$237,673$948,994
65$1,244,958$325,391$159,685$945,023
66$1,283,287$252,677$76,377$939,485
67$1,322,732$173,608$0$932,265
68$1,363,319$87,784$0$925,649
69$1,405,076$0$0$932,912
70$1,448,026$0$0$940,494
71$1,492,196$0$0$969,149
72$1,537,610$0$0$998,608
73$1,584,292$0$0$1,028,886
74$1,632,266$0$0$1,059,998
75$1,681,554$0$0$1,091,957
76$1,732,177$0$0$1,124,777
77$1,784,156$0$0$1,158,470
78$1,837,509$0$0$1,193,048
79$1,892,252$0$0$1,228,519
80$1,948,399$0$0$1,264,892
81$2,005,962$0$0$1,302,174
82$2,064,949$0$0$1,340,369
83$2,125,366$0$0$1,379,478
84$2,187,214$0$0$1,419,503
85$2,250,490$0$0$1,460,439
86$2,315,186$0$0$1,502,278
87$2,381,287$0$0$1,545,011
88$2,448,775$0$0$1,588,622
89$2,517,621$0$0$1,633,090
90$2,587,790$0$0$1,678,391
91$2,659,238$0$0$1,724,493
92$2,731,909$0$0$1,771,356
93$2,805,738$0$0$1,818,935
94$2,880,645$0$0$1,867,175
95$2,956,538$0$0$1,916,010
96$3,033,307$0$0$1,965,365
97$3,110,825$0$0$2,015,153
98$3,188,946$0$0$2,065,274
99$3,267,501$0$0$2,115,610
100$3,346,296$0$0$2,166,031