Can I retire at age 53 with 780,000?

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 $780,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$64,412$63,838$63,278$62,732$62,198$60,523
2 years$31,887$31,293$30,718$30,160$29,618$27,942
3 years$21,047$20,450$19,876$19,323$18,791$17,167
4 years$15,628$15,033$14,465$13,921$13,402$11,842
5 years$12,377$11,786$11,225$10,693$10,188$8,697
6 years$10,211$9,624$9,072$8,551$8,061$6,640
7 years$8,664$8,082$7,539$7,031$6,556$5,205
8 years$7,505$6,928$6,393$5,898$5,439$4,157
9 years$6,603$6,032$5,507$5,024$4,580$3,367
10 years$5,882$5,317$4,801$4,330$3,903$2,756
11 years$5,293$4,734$4,227$3,769$3,356$2,275
12 years$4,803$4,249$3,751$3,306$2,909$1,890
13 years$4,388$3,839$3,351$2,918$2,536$1,579
14 years$4,032$3,490$3,011$2,591$2,223$1,324
15 years$3,725$3,188$2,719$2,310$1,958$1,115
16 years$3,456$2,925$2,465$2,069$1,730$941
17 years$3,219$2,694$2,243$1,859$1,534$797
18 years$3,008$2,489$2,047$1,675$1,364$676
19 years$2,820$2,307$1,874$1,514$1,216$574
20 years$2,651$2,144$1,720$1,371$1,086$488
21 years$2,498$1,997$1,582$1,244$972$416
22 years$2,359$1,864$1,458$1,131$871$355
23 years$2,233$1,743$1,346$1,030$782$303
24 years$2,117$1,633$1,245$940$703$258
25 years$2,011$1,533$1,153$858$632$221
26 years$1,913$1,441$1,070$785$570$189
27 years$1,822$1,356$993$718$514$161
28 years$1,738$1,278$923$658$463$138
29 years$1,660$1,205$859$603$418$118
30 years$1,588$1,138$800$554$378$101
31 years$1,520$1,076$746$509$342$87
32 years$1,456$1,018$696$467$309$74
33 years$1,397$964$650$430$280$64
34 years$1,341$914$607$395$253$55
35 years$1,288$867$568$364$229$47
36 years$1,239$823$531$335$208$40
37 years$1,192$781$497$309$188$34
38 years$1,148$743$466$285$171$29
39 years$1,106$706$436$263$155$25
40 years$1,066$672$409$242$141$22
41 years$1,029$639$383$223$127$19
42 years$993$609$360$206$116$16
43 years$959$580$337$190$105$14
44 years$927$553$317$176$95$12
45 years$896$527$297$162$87$10
46 years$867$503$279$150$79$9
47 years$839$480$262$139$71$7
48 years$812$458$247$128$65$6
49 years$786$438$232$118$59$5
50 years$762$418$218$109$53$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $780,000, adding $4,391 every year, while hoping to spend $31,047 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: 45/47/8 Blend
52$780,000$780,000$780,000$780,000
53$864,089$822,749$810,659$900,843
54$919,193$830,030$804,783$933,962
55$978,876$836,627$797,669$966,298
56$1,043,574$842,474$789,243$1,000,645
57$1,113,763$847,501$779,428$1,037,198
58$1,189,970$851,632$768,142$1,076,174
59$1,272,772$854,787$755,299$1,117,814
60$1,362,805$856,881$740,812$1,162,383
61$1,460,768$857,825$724,586$1,210,176
62$1,567,430$857,522$706,523$1,261,520
63$1,683,638$855,871$686,522$1,316,775
64$1,810,324$852,763$664,475$1,376,342
65$1,948,513$848,085$640,271$1,440,663
66$2,099,333$841,713$613,792$1,510,229
67$2,264,027$833,519$584,916$1,585,582
68$2,443,963$823,366$553,516$1,667,322
69$2,640,646$811,110$519,457$1,756,114
70$2,855,734$796,596$482,601$1,852,691
71$3,091,051$779,662$442,801$1,957,868
72$3,348,608$760,135$399,904$2,072,542
73$3,630,617$737,833$353,752$2,197,709
74$3,939,516$712,562$304,178$2,334,468
75$4,277,987$684,118$251,008$2,484,035
76$4,648,986$652,284$194,062$2,647,753
77$5,055,768$616,832$133,149$2,827,109
78$5,501,919$577,519$68,072$3,023,744
79$5,991,387$534,090$0$3,239,474
80$6,528,521$486,273$0$3,476,422
81$7,118,112$433,782$0$3,742,895
82$7,765,437$376,315$0$4,035,544
83$8,476,310$313,553$0$4,357,094
84$9,257,134$245,157$0$4,710,556
85$10,114,964$170,772$0$5,099,250
86$11,057,570$90,020$0$5,526,845
87$12,093,516$2,504$0$5,997,391
88$13,232,232$0$0$6,515,359
89$14,484,110$0$0$7,133,364
90$15,860,598$0$0$7,814,412
91$17,374,311$0$0$8,563,460
92$19,039,144$0$0$9,387,398
93$20,870,408$0$0$10,293,817
94$22,884,974$0$0$11,291,082
95$25,101,427$0$0$12,388,408
96$27,540,248$0$0$13,595,948
97$30,224,000$0$0$14,924,891
98$33,177,546$0$0$16,387,564
99$36,428,281$0$0$17,997,550
100$40,006,389$0$0$19,769,816