Can I retire at age 53 with 778,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.1%
1 years$64,247$63,674$63,116$62,571$62,039$61,493
2 years$31,805$31,213$30,639$30,082$29,542$28,993
3 years$20,993$20,398$19,825$19,274$18,743$18,206
4 years$15,588$14,995$14,428$13,886$13,368$12,848
5 years$12,346$11,756$11,197$10,666$10,162$9,660
6 years$10,185$9,600$9,048$8,529$8,041$7,558
7 years$8,642$8,062$7,519$7,012$6,539$6,076
8 years$7,485$6,910$6,377$5,883$5,425$4,981
9 years$6,586$6,017$5,492$5,011$4,569$4,144
10 years$5,867$5,303$4,788$4,319$3,893$3,487
11 years$5,280$4,721$4,216$3,759$3,348$2,961
12 years$4,790$4,238$3,741$3,297$2,901$2,533
13 years$4,376$3,830$3,343$2,911$2,530$2,179
14 years$4,022$3,481$3,003$2,584$2,218$1,884
15 years$3,715$3,180$2,712$2,304$1,953$1,636
16 years$3,447$2,918$2,458$2,063$1,726$1,426
17 years$3,210$2,687$2,237$1,854$1,530$1,246
18 years$3,000$2,483$2,042$1,671$1,361$1,092
19 years$2,813$2,301$1,870$1,510$1,213$959
20 years$2,644$2,138$1,716$1,367$1,083$844
21 years$2,492$1,992$1,578$1,241$969$743
22 years$2,353$1,859$1,455$1,128$869$656
23 years$2,227$1,739$1,343$1,028$780$580
24 years$2,112$1,629$1,242$937$701$513
25 years$2,006$1,529$1,150$856$631$454
26 years$1,908$1,437$1,067$783$568$402
27 years$1,818$1,352$991$716$512$357
28 years$1,734$1,274$921$656$462$317
29 years$1,656$1,202$857$602$417$281
30 years$1,584$1,135$798$552$377$250
31 years$1,516$1,073$744$507$341$222
32 years$1,453$1,016$694$466$308$198
33 years$1,393$962$648$429$279$176
34 years$1,338$911$606$394$253$156
35 years$1,285$865$566$363$229$139
36 years$1,236$821$530$334$207$124
37 years$1,189$779$496$308$188$110
38 years$1,145$741$464$284$170$98
39 years$1,103$704$435$262$155$88
40 years$1,064$670$408$242$140$78
41 years$1,026$638$382$223$127$69
42 years$991$607$359$206$115$62
43 years$957$579$337$190$105$55
44 years$924$552$316$175$95$49
45 years$894$526$297$162$86$44
46 years$864$502$279$150$78$39
47 years$836$479$262$138$71$35
48 years$810$457$246$128$65$31
49 years$784$437$231$118$59$28
50 years$760$417$217$109$53$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $778,000, adding $6,011 every year, while hoping to spend $25,535 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: 60/17/23 Blend
52$778,000$778,000$778,000$778,000
53$863,556$822,322$810,263$909,753
54$924,470$835,447$810,238$954,941
55$990,741$848,359$809,356$1,000,918
56$1,062,889$861,021$807,562$1,050,522
57$1,141,486$873,393$804,797$1,104,110
58$1,227,160$885,432$801,000$1,162,074
59$1,320,603$897,091$796,107$1,224,850
60$1,422,579$908,323$790,051$1,292,917
61$1,533,926$919,074$782,761$1,366,804
62$1,655,566$929,289$774,164$1,447,092
63$1,788,517$938,907$764,182$1,534,427
64$1,933,898$947,866$752,734$1,629,516
65$2,092,940$956,096$739,735$1,733,143
66$2,267,001$963,526$725,097$1,846,170
67$2,457,574$970,078$708,727$1,969,551
68$2,666,306$975,670$690,528$2,104,334
69$2,895,006$980,215$670,398$2,251,678
70$3,145,671$983,621$648,231$2,412,861
71$3,420,499$985,787$623,916$2,589,292
72$3,721,909$986,609$597,336$2,782,525
73$4,052,567$985,976$568,370$2,994,273
74$4,415,409$983,770$536,891$3,226,427
75$4,813,670$979,864$502,766$3,481,072
76$5,250,912$974,125$465,856$3,760,506
77$5,731,059$966,411$426,017$4,067,265
78$6,258,435$956,573$383,096$4,404,144
79$6,837,802$944,452$336,936$4,774,226
80$7,474,406$929,878$287,372$5,180,912
81$8,174,026$912,673$234,230$5,627,949
82$8,943,031$892,648$177,331$6,119,471
83$9,788,434$869,602$116,486$6,660,037
84$10,717,966$843,324$51,499$7,254,671
85$11,740,139$813,587$0$7,908,916
86$12,864,335$780,156$0$8,633,262
87$14,100,891$742,777$0$9,443,836
88$15,461,194$701,185$0$10,335,469
89$16,957,791$655,098$0$11,316,406
90$18,604,507$604,219$0$12,395,735
91$20,416,574$548,233$0$13,583,470
92$22,410,776$486,808$0$14,890,650
93$24,605,605$419,592$0$16,329,438
94$27,021,439$346,213$0$17,913,241
95$29,680,728$266,280$0$19,656,834
96$32,608,212$179,378$0$21,576,499
97$35,831,152$85,069$0$23,690,184
98$39,379,583$0$0$26,017,664
99$43,286,605$0$0$28,583,938
100$47,588,687$0$0$31,427,305