Can I retire at age 53 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$64,329$63,756$63,197$62,651$62,119$61,039
2 years$31,846$31,253$30,678$30,121$29,580$28,496
3 years$21,020$20,424$19,851$19,299$18,767$17,712
4 years$15,608$15,014$14,446$13,904$13,385$12,367
5 years$12,361$11,771$11,211$10,679$10,175$9,198
6 years$10,198$9,612$9,060$8,540$8,051$7,115
7 years$8,653$8,072$7,529$7,021$6,548$5,653
8 years$7,495$6,919$6,385$5,890$5,432$4,579
9 years$6,595$6,025$5,500$5,017$4,574$3,763
10 years$5,875$5,310$4,795$4,325$3,898$3,126
11 years$5,286$4,727$4,221$3,764$3,352$2,620
12 years$4,796$4,243$3,746$3,301$2,905$2,211
13 years$4,382$3,835$3,347$2,915$2,533$1,877
14 years$4,027$3,485$3,007$2,587$2,221$1,600
15 years$3,720$3,184$2,715$2,307$1,955$1,370
16 years$3,451$2,921$2,462$2,066$1,728$1,176
17 years$3,215$2,690$2,240$1,856$1,532$1,013
18 years$3,004$2,486$2,045$1,673$1,362$874
19 years$2,816$2,304$1,872$1,512$1,214$756
20 years$2,648$2,141$1,718$1,369$1,085$655
21 years$2,495$1,994$1,580$1,243$971$568
22 years$2,356$1,862$1,456$1,130$870$494
23 years$2,230$1,741$1,345$1,029$781$429
24 years$2,115$1,631$1,244$938$702$373
25 years$2,008$1,531$1,152$857$632$325
26 years$1,911$1,439$1,068$784$569$284
27 years$1,820$1,354$992$717$513$247
28 years$1,736$1,276$922$657$463$216
29 years$1,658$1,204$858$603$418$188
30 years$1,586$1,137$799$553$378$164
31 years$1,518$1,075$745$508$341$144
32 years$1,455$1,017$695$467$309$126
33 years$1,395$963$649$429$279$110
34 years$1,339$913$607$395$253$96
35 years$1,287$866$567$364$229$84
36 years$1,237$822$531$335$208$73
37 years$1,191$780$497$309$188$64
38 years$1,146$742$465$284$171$56
39 years$1,105$705$436$262$155$49
40 years$1,065$671$408$242$140$43
41 years$1,027$639$383$223$127$38
42 years$992$608$359$206$116$33
43 years$958$580$337$190$105$29
44 years$926$552$316$176$95$25
45 years$895$527$297$162$86$22
46 years$865$503$279$150$78$19
47 years$837$480$262$138$71$17
48 years$811$458$246$128$65$15
49 years$785$437$232$118$59$13
50 years$761$418$218$109$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $779,000, adding $6,646 every year, while hoping to spend $25,802 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: 68/8/24 Blend
52$779,000$779,000$779,000$779,000
53$865,313$824,026$811,952$918,423
54$926,122$836,951$811,699$967,802
55$992,269$849,643$810,573$1,018,226
56$1,064,270$862,066$808,517$1,072,786
57$1,142,696$874,177$805,473$1,131,891
58$1,228,172$885,933$801,377$1,195,991
59$1,321,387$897,285$796,165$1,265,582
60$1,423,101$908,184$789,769$1,341,213
61$1,534,147$918,576$782,116$1,423,485
62$1,655,446$928,402$773,133$1,513,066
63$1,788,009$937,601$762,741$1,610,688
64$1,932,951$946,108$750,857$1,717,160
65$2,091,497$953,853$737,396$1,833,375
66$2,264,999$960,760$722,267$1,960,317
67$2,454,943$966,752$705,378$2,099,069
68$2,662,967$971,742$686,628$2,250,827
69$2,890,874$975,643$665,915$2,416,910
70$3,140,652$978,357$643,131$2,598,771
71$3,414,486$979,784$618,163$2,798,014
72$3,714,786$979,816$590,894$3,016,405
73$4,044,205$978,338$561,201$3,255,892
74$4,405,666$975,229$528,953$3,518,624
75$4,802,388$970,360$494,017$3,806,968
76$5,237,917$963,593$456,252$4,123,536
77$5,716,160$954,784$415,512$4,471,206
78$6,241,418$943,778$371,641$4,853,152
79$6,818,432$930,413$324,481$5,272,872
80$7,452,424$914,515$273,862$5,734,223
81$8,149,146$895,901$219,612$6,241,458
82$8,914,936$874,377$161,546$6,799,264
83$9,756,776$849,738$99,474$7,412,809
84$10,682,357$821,765$33,197$8,087,788
85$11,700,155$790,230$0$8,830,483
86$12,819,507$754,887$0$9,657,428
87$14,050,700$715,479$0$10,576,338
88$15,405,068$671,734$0$11,587,175
89$16,895,099$623,363$0$12,699,272
90$18,534,552$570,062$0$13,922,913
91$20,338,589$511,507$0$15,269,432
92$22,323,913$447,359$0$16,751,317
93$24,508,931$377,258$0$18,382,330
94$26,913,921$300,823$0$20,177,635
95$29,561,230$217,652$0$22,153,945
96$32,475,480$127,322$0$24,329,673
97$35,683,803$29,385$0$26,725,112
98$39,216,093$0$0$29,362,625
99$43,105,292$0$0$32,273,600
100$47,387,697$0$0$35,481,788