Can I retire at age 53 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$64,494$63,920$63,359$62,812$62,278$61,221
2 years$31,928$31,333$30,757$30,198$29,656$28,595
3 years$21,074$20,477$19,902$19,348$18,815$17,782
4 years$15,648$15,052$14,483$13,939$13,419$12,422
5 years$12,393$11,801$11,240$10,707$10,201$9,243
6 years$10,224$9,637$9,083$8,562$8,072$7,154
7 years$8,675$8,093$7,548$7,040$6,564$5,688
8 years$7,514$6,937$6,402$5,905$5,446$4,610
9 years$6,612$6,040$5,514$5,030$4,586$3,790
10 years$5,890$5,324$4,807$4,336$3,908$3,151
11 years$5,300$4,740$4,232$3,774$3,361$2,642
12 years$4,809$4,254$3,756$3,310$2,912$2,231
13 years$4,393$3,844$3,356$2,922$2,540$1,895
14 years$4,037$3,494$3,015$2,594$2,226$1,617
15 years$3,729$3,192$2,722$2,313$1,960$1,385
16 years$3,460$2,929$2,468$2,071$1,732$1,190
17 years$3,223$2,697$2,246$1,861$1,536$1,026
18 years$3,012$2,492$2,050$1,677$1,366$886
19 years$2,824$2,310$1,877$1,516$1,217$767
20 years$2,654$2,147$1,722$1,373$1,087$665
21 years$2,501$1,999$1,584$1,246$973$577
22 years$2,363$1,866$1,460$1,133$872$502
23 years$2,236$1,746$1,348$1,032$783$436
24 years$2,120$1,636$1,247$941$704$380
25 years$2,014$1,535$1,155$859$633$331
26 years$1,915$1,443$1,071$786$570$289
27 years$1,825$1,358$995$719$514$252
28 years$1,741$1,279$925$659$464$220
29 years$1,663$1,207$860$604$419$192
30 years$1,590$1,140$801$554$379$168
31 years$1,522$1,077$747$509$342$147
32 years$1,458$1,019$697$468$310$129
33 years$1,399$965$651$430$280$113
34 years$1,343$915$608$396$254$98
35 years$1,290$868$569$365$230$86
36 years$1,240$824$532$336$208$75
37 years$1,194$782$498$309$189$66
38 years$1,149$744$466$285$171$58
39 years$1,107$707$437$263$155$51
40 years$1,068$673$409$242$141$44
41 years$1,030$640$384$224$128$39
42 years$994$610$360$206$116$34
43 years$960$581$338$191$105$30
44 years$928$554$317$176$95$26
45 years$897$528$298$163$87$23
46 years$868$504$280$150$79$20
47 years$840$481$263$139$71$18
48 years$813$459$247$128$65$15
49 years$787$438$232$118$59$13
50 years$763$419$218$109$54$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $781,000, adding $4,421 every year, while hoping to spend $46,309 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: 77/10/13 Blend
52$781,000$781,000$781,000$781,000
53$865,222$823,829$811,724$929,254
54$904,203$814,924$789,644$963,156
55$945,607$804,031$765,273$994,008
56$989,633$791,003$738,484$1,026,541
57$1,036,499$775,686$709,146$1,060,905
58$1,086,441$757,914$677,122$1,097,266
59$1,139,721$737,514$642,268$1,135,808
60$1,196,623$714,303$604,435$1,176,732
61$1,257,459$688,084$563,464$1,220,263
62$1,322,572$658,653$519,192$1,266,648
63$1,392,338$625,790$471,448$1,316,160
64$1,467,167$589,265$420,053$1,369,099
65$1,547,513$548,834$364,820$1,425,799
66$1,633,871$504,238$305,553$1,486,629
67$1,726,786$455,206$242,049$1,551,993
68$1,826,855$401,448$174,095$1,622,340
69$1,934,736$342,660$101,468$1,698,167
70$2,051,148$278,520$23,937$1,780,019
71$2,176,886$208,688$0$1,868,503
72$2,312,819$132,804$0$1,972,441
73$2,459,904$50,490$0$2,088,488
74$2,619,195$0$0$2,214,171
75$2,791,847$0$0$2,354,680
76$2,979,133$0$0$2,513,149
77$3,182,451$0$0$2,685,208
78$3,403,341$0$0$2,872,161
79$3,643,494$0$0$3,075,446
80$3,904,772$0$0$3,296,640
81$4,189,224$0$0$3,537,483
82$4,499,105$0$0$3,799,886
83$4,836,895$0$0$4,085,954
84$5,205,324$0$0$4,398,003
85$5,607,398$0$0$4,738,583
86$6,046,424$0$0$5,110,499
87$6,526,043$0$0$5,516,841
88$7,050,264$0$0$5,961,009
89$7,623,500$0$0$6,446,748
90$8,250,611$0$0$6,978,181
91$8,936,947$0$0$7,559,847
92$9,688,400$0$0$8,196,744
93$10,511,457$0$0$8,894,377
94$11,413,264$0$0$9,658,808
95$12,401,688$0$0$10,496,712
96$13,485,396$0$0$11,415,444
97$14,673,933$0$0$12,423,100
98$15,977,810$0$0$13,528,600
99$17,408,608$0$0$14,741,769
100$18,979,081$0$0$16,073,429