Can I retire at age 53 with 779,000?

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 $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%16%
1 years$64,329$63,756$63,197$62,651$62,119$60,592
2 years$31,846$31,253$30,678$30,121$29,580$28,052
3 years$21,020$20,424$19,851$19,299$18,767$17,284
4 years$15,608$15,014$14,446$13,904$13,385$11,959
5 years$12,361$11,771$11,211$10,679$10,175$8,811
6 years$10,198$9,612$9,060$8,540$8,051$6,749
7 years$8,653$8,072$7,529$7,021$6,548$5,309
8 years$7,495$6,919$6,385$5,890$5,432$4,255
9 years$6,595$6,025$5,500$5,017$4,574$3,459
10 years$5,875$5,310$4,795$4,325$3,898$2,842
11 years$5,286$4,727$4,221$3,764$3,352$2,355
12 years$4,796$4,243$3,746$3,301$2,905$1,964
13 years$4,382$3,835$3,347$2,915$2,533$1,647
14 years$4,027$3,485$3,007$2,587$2,221$1,387
15 years$3,720$3,184$2,715$2,307$1,955$1,173
16 years$3,451$2,921$2,462$2,066$1,728$995
17 years$3,215$2,690$2,240$1,856$1,532$845
18 years$3,004$2,486$2,045$1,673$1,362$720
19 years$2,816$2,304$1,872$1,512$1,214$615
20 years$2,648$2,141$1,718$1,369$1,085$525
21 years$2,495$1,994$1,580$1,243$971$449
22 years$2,356$1,862$1,456$1,130$870$385
23 years$2,230$1,741$1,345$1,029$781$330
24 years$2,115$1,631$1,244$938$702$283
25 years$2,008$1,531$1,152$857$632$243
26 years$1,911$1,439$1,068$784$569$209
27 years$1,820$1,354$992$717$513$180
28 years$1,736$1,276$922$657$463$154
29 years$1,658$1,204$858$603$418$133
30 years$1,586$1,137$799$553$378$114
31 years$1,518$1,075$745$508$341$98
32 years$1,455$1,017$695$467$309$85
33 years$1,395$963$649$429$279$73
34 years$1,339$913$607$395$253$63
35 years$1,287$866$567$364$229$54
36 years$1,237$822$531$335$208$47
37 years$1,191$780$497$309$188$40
38 years$1,146$742$465$284$171$35
39 years$1,105$705$436$262$155$30
40 years$1,065$671$408$242$140$26
41 years$1,027$639$383$223$127$22
42 years$992$608$359$206$116$19
43 years$958$580$337$190$105$16
44 years$926$552$316$176$95$14
45 years$895$527$297$162$86$12
46 years$865$503$279$150$78$11
47 years$837$480$262$138$71$9
48 years$811$458$246$128$65$8
49 years$785$437$232$118$59$7
50 years$761$418$218$109$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $779,000, adding $3,503 every year, while hoping to spend $26,431 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: 42/32/26 Blend
52$779,000$779,000$779,000$779,000
53$862,071$820,784$808,710$891,587
54$921,880$832,880$807,679$925,187
55$986,904$844,683$805,728$958,779
56$1,057,646$856,151$802,798$994,645
57$1,134,661$867,238$798,827$1,033,009
58$1,218,560$877,896$793,751$1,074,120
59$1,310,014$888,073$787,502$1,118,252
60$1,409,761$897,714$780,010$1,165,712
61$1,518,615$906,761$771,199$1,216,835
62$1,637,472$915,151$760,992$1,271,995
63$1,767,317$922,816$749,308$1,331,602
64$1,909,236$929,686$736,062$1,396,113
65$2,064,422$935,684$721,164$1,466,031
66$2,234,190$940,731$704,521$1,541,912
67$2,419,990$944,739$686,035$1,624,372
68$2,623,416$947,618$665,604$1,714,092
69$2,846,224$949,271$643,121$1,811,821
70$3,090,348$949,594$618,474$1,918,392
71$3,357,917$948,478$591,547$2,034,721
72$3,651,277$945,806$562,217$2,161,823
73$3,973,012$941,455$530,356$2,300,817
74$4,325,967$935,294$495,830$2,452,941
75$4,713,277$927,184$458,501$2,619,561
76$5,138,393$916,978$418,223$2,802,186
77$5,605,118$904,519$374,842$3,002,484
78$6,117,641$889,641$328,200$3,222,294
79$6,680,576$872,170$278,131$3,463,650
80$7,299,008$851,919$224,462$3,728,795
81$7,978,535$828,692$167,010$4,020,206
82$8,725,328$802,280$105,587$4,340,618
83$9,546,183$772,463$39,995$4,693,050
84$10,448,587$739,007$0$5,080,834
85$11,440,790$701,666$0$5,515,971
86$12,531,881$660,178$0$6,006,578
87$13,731,874$614,267$0$6,546,090
88$15,051,800$563,641$0$7,139,514
89$16,503,816$507,992$0$7,792,373
90$18,101,315$446,994$0$8,510,754
91$19,859,053$380,301$0$9,301,373
92$21,793,290$307,549$0$10,171,632
93$23,921,940$228,353$0$11,129,692
94$26,264,744$142,308$0$12,184,553
95$28,843,450$48,983$0$13,346,137
96$31,682,025$0$0$14,625,384
97$34,806,875$0$0$16,052,691
98$38,247,099$0$0$17,643,158
99$42,034,759$0$0$19,394,376
100$46,205,182$0$0$21,322,694