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%15.2%
1 years$64,247$63,674$63,116$62,571$62,039$60,712
2 years$31,805$31,213$30,639$30,082$29,542$28,212
3 years$20,993$20,398$19,825$19,274$18,743$17,450
4 years$15,588$14,995$14,428$13,886$13,368$12,123
5 years$12,346$11,756$11,197$10,666$10,162$8,969
6 years$10,185$9,600$9,048$8,529$8,041$6,901
7 years$8,642$8,062$7,519$7,012$6,539$5,452
8 years$7,485$6,910$6,377$5,883$5,425$4,391
9 years$6,586$6,017$5,492$5,011$4,569$3,586
10 years$5,867$5,303$4,788$4,319$3,893$2,961
11 years$5,280$4,721$4,216$3,759$3,348$2,466
12 years$4,790$4,238$3,741$3,297$2,901$2,068
13 years$4,376$3,830$3,343$2,911$2,530$1,743
14 years$4,022$3,481$3,003$2,584$2,218$1,477
15 years$3,715$3,180$2,712$2,304$1,953$1,255
16 years$3,447$2,918$2,458$2,063$1,726$1,070
17 years$3,210$2,687$2,237$1,854$1,530$915
18 years$3,000$2,483$2,042$1,671$1,361$784
19 years$2,813$2,301$1,870$1,510$1,213$673
20 years$2,644$2,138$1,716$1,367$1,083$579
21 years$2,492$1,992$1,578$1,241$969$498
22 years$2,353$1,859$1,455$1,128$869$429
23 years$2,227$1,739$1,343$1,028$780$371
24 years$2,112$1,629$1,242$937$701$320
25 years$2,006$1,529$1,150$856$631$276
26 years$1,908$1,437$1,067$783$568$239
27 years$1,818$1,352$991$716$512$207
28 years$1,734$1,274$921$656$462$179
29 years$1,656$1,202$857$602$417$155
30 years$1,584$1,135$798$552$377$134
31 years$1,516$1,073$744$507$341$116
32 years$1,453$1,016$694$466$308$101
33 years$1,393$962$648$429$279$87
34 years$1,338$911$606$394$253$76
35 years$1,285$865$566$363$229$66
36 years$1,236$821$530$334$207$57
37 years$1,189$779$496$308$188$49
38 years$1,145$741$464$284$170$43
39 years$1,103$704$435$262$155$37
40 years$1,064$670$408$242$140$32
41 years$1,026$638$382$223$127$28
42 years$991$607$359$206$115$24
43 years$957$579$337$190$105$21
44 years$924$552$316$175$95$18
45 years$894$526$297$162$86$16
46 years$864$502$279$150$78$14
47 years$836$479$262$138$71$12
48 years$810$457$246$128$65$10
49 years$784$437$231$118$59$9
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 $4,075 every year, while hoping to spend $37,958 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: 67/10/23 Blend
52$778,000$778,000$778,000$778,000
53$861,559$820,325$808,266$913,965
54$909,051$820,134$794,956$949,455
55$960,115$818,662$779,928$983,534
56$1,015,076$815,805$763,084$1,019,916
57$1,074,288$811,454$744,322$1,058,829
58$1,138,144$805,494$723,536$1,100,523
59$1,207,074$797,802$700,613$1,145,277
60$1,281,548$788,247$675,436$1,193,398
61$1,362,086$776,691$647,884$1,245,225
62$1,449,259$762,989$617,828$1,301,134
63$1,543,693$746,985$585,134$1,361,540
64$1,646,077$728,515$549,664$1,426,902
65$1,757,170$707,405$511,271$1,497,725
66$1,877,805$683,471$469,802$1,574,572
67$2,008,898$656,519$425,097$1,658,059
68$2,151,460$626,342$376,992$1,748,871
69$2,306,598$592,722$325,311$1,847,764
70$2,475,535$555,429$269,873$1,955,571
71$2,659,614$514,220$210,488$2,073,214
72$2,860,314$468,836$146,958$2,201,711
73$3,079,261$419,004$79,077$2,342,186
74$3,318,248$364,438$6,628$2,495,879
75$3,579,246$304,832$0$2,664,163
76$3,864,426$239,865$0$2,865,897
77$4,176,177$169,199$0$3,088,268
78$4,517,131$92,473$0$3,331,552
79$4,890,184$9,309$0$3,597,848
80$5,298,526$0$0$3,889,469
81$5,745,669$0$0$4,217,843
82$6,235,482$0$0$4,578,722
83$6,772,224$0$0$4,974,227
84$7,360,586$0$0$5,407,820
85$8,005,736$0$0$5,883,316
86$8,713,363$0$0$6,404,915
87$9,489,736$0$0$6,977,244
88$10,341,760$0$0$7,605,401
89$11,277,037$0$0$8,294,998
90$12,303,947$0$0$9,052,221
91$13,431,715$0$0$9,883,880
92$14,670,508$0$0$10,797,482
93$16,031,524$0$0$11,801,293
94$17,527,099$0$0$12,904,420
95$19,170,824$0$0$14,116,897
96$20,977,672$0$0$15,449,778
97$22,964,138$0$0$16,915,240
98$25,148,396$0$0$18,526,702
99$27,550,468$0$0$20,298,946
100$30,192,416$0$0$22,248,257