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%15%
1 years$64,247$63,674$63,116$62,571$62,039$60,761
2 years$31,805$31,213$30,639$30,082$29,542$28,261
3 years$20,993$20,398$19,825$19,274$18,743$17,498
4 years$15,588$14,995$14,428$13,886$13,368$12,168
5 years$12,346$11,756$11,197$10,666$10,162$9,012
6 years$10,185$9,600$9,048$8,529$8,041$6,941
7 years$8,642$8,062$7,519$7,012$6,539$5,490
8 years$7,485$6,910$6,377$5,883$5,425$4,426
9 years$6,586$6,017$5,492$5,011$4,569$3,620
10 years$5,867$5,303$4,788$4,319$3,893$2,993
11 years$5,280$4,721$4,216$3,759$3,348$2,495
12 years$4,790$4,238$3,741$3,297$2,901$2,095
13 years$4,376$3,830$3,343$2,911$2,530$1,769
14 years$4,022$3,481$3,003$2,584$2,218$1,500
15 years$3,715$3,180$2,712$2,304$1,953$1,277
16 years$3,447$2,918$2,458$2,063$1,726$1,091
17 years$3,210$2,687$2,237$1,854$1,530$934
18 years$3,000$2,483$2,042$1,671$1,361$801
19 years$2,813$2,301$1,870$1,510$1,213$689
20 years$2,644$2,138$1,716$1,367$1,083$593
21 years$2,492$1,992$1,578$1,241$969$511
22 years$2,353$1,859$1,455$1,128$869$441
23 years$2,227$1,739$1,343$1,028$780$381
24 years$2,112$1,629$1,242$937$701$330
25 years$2,006$1,529$1,150$856$631$286
26 years$1,908$1,437$1,067$783$568$247
27 years$1,818$1,352$991$716$512$214
28 years$1,734$1,274$921$656$462$186
29 years$1,656$1,202$857$602$417$161
30 years$1,584$1,135$798$552$377$140
31 years$1,516$1,073$744$507$341$121
32 years$1,453$1,016$694$466$308$105
33 years$1,393$962$648$429$279$91
34 years$1,338$911$606$394$253$79
35 years$1,285$865$566$363$229$69
36 years$1,236$821$530$334$207$60
37 years$1,189$779$496$308$188$52
38 years$1,145$741$464$284$170$45
39 years$1,103$704$435$262$155$39
40 years$1,064$670$408$242$140$34
41 years$1,026$638$382$223$127$30
42 years$991$607$359$206$115$26
43 years$957$579$337$190$105$22
44 years$924$552$316$175$95$19
45 years$894$526$297$162$86$17
46 years$864$502$279$150$78$15
47 years$836$479$262$138$71$13
48 years$810$457$246$128$65$11
49 years$784$437$231$118$59$10
50 years$760$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 $778,000, adding $3,798 every year, while hoping to spend $35,027 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: 46/49/5 Blend
52$778,000$778,000$778,000$778,000
53$861,274$820,040$807,981$899,573
54$911,855$822,953$797,780$929,175
55$966,422$824,835$786,063$957,283
56$1,025,344$825,599$772,742$986,944
57$1,089,026$825,151$757,727$1,018,310
58$1,157,916$823,392$740,920$1,051,553
59$1,232,504$820,219$722,221$1,086,862
60$1,313,328$815,519$701,525$1,124,448
61$1,400,983$809,174$678,721$1,164,545
62$1,496,120$801,061$653,695$1,207,414
63$1,599,456$791,045$626,325$1,253,344
64$1,711,781$778,986$596,487$1,302,656
65$1,833,962$764,735$564,049$1,355,707
66$1,966,954$748,136$528,873$1,412,893
67$2,111,808$729,019$490,815$1,474,653
68$2,269,680$707,209$449,725$1,541,475
69$2,441,843$682,518$405,446$1,613,900
70$2,629,697$654,747$357,815$1,692,527
71$2,834,784$623,688$306,660$1,778,022
72$3,058,801$589,117$251,802$1,871,120
73$3,303,616$550,802$193,054$1,972,641
74$3,571,286$508,492$130,223$2,083,487
75$3,864,076$461,926$63,104$2,204,663
76$4,184,478$410,827$0$2,337,278
77$4,535,239$354,902$0$2,483,018
78$4,919,381$293,840$0$2,646,411
79$5,340,235$227,315$0$2,825,608
80$5,801,467$154,982$0$3,022,289
81$6,307,115$76,474$0$3,238,313
82$6,861,627$0$0$3,475,738
83$7,469,902$0$0$3,741,471
84$8,137,334$0$0$4,078,383
85$8,869,869$0$0$4,448,252
86$9,674,051$0$0$4,854,394
87$10,557,093$0$0$5,300,464
88$11,526,938$0$0$5,790,487
89$12,592,338$0$0$6,328,898
90$13,762,933$0$0$6,920,582
91$15,049,342$0$0$7,570,920
92$16,463,267$0$0$8,285,844
93$18,017,598$0$0$9,071,884
94$19,726,535$0$0$9,936,238
95$21,605,725$0$0$10,886,836
96$23,672,405$0$0$11,932,413
97$25,945,568$0$0$13,082,595
98$28,446,139$0$0$14,347,988
99$31,197,173$0$0$15,740,276
100$34,224,072$0$0$17,272,334