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%17.5%
1 years$64,494$63,920$63,359$62,812$62,278$60,381
2 years$31,928$31,333$30,757$30,198$29,656$27,761
3 years$21,074$20,477$19,902$19,348$18,815$16,982
4 years$15,648$15,052$14,483$13,939$13,419$11,661
5 years$12,393$11,801$11,240$10,707$10,201$8,524
6 years$10,224$9,637$9,083$8,562$8,072$6,476
7 years$8,675$8,093$7,548$7,040$6,564$5,051
8 years$7,514$6,937$6,402$5,905$5,446$4,013
9 years$6,612$6,040$5,514$5,030$4,586$3,232
10 years$5,890$5,324$4,807$4,336$3,908$2,631
11 years$5,300$4,740$4,232$3,774$3,361$2,159
12 years$4,809$4,254$3,756$3,310$2,912$1,783
13 years$4,393$3,844$3,356$2,922$2,540$1,480
14 years$4,037$3,494$3,015$2,594$2,226$1,234
15 years$3,729$3,192$2,722$2,313$1,960$1,032
16 years$3,460$2,929$2,468$2,071$1,732$866
17 years$3,223$2,697$2,246$1,861$1,536$728
18 years$3,012$2,492$2,050$1,677$1,366$613
19 years$2,824$2,310$1,877$1,516$1,217$518
20 years$2,654$2,147$1,722$1,373$1,087$437
21 years$2,501$1,999$1,584$1,246$973$370
22 years$2,363$1,866$1,460$1,133$872$313
23 years$2,236$1,746$1,348$1,032$783$265
24 years$2,120$1,636$1,247$941$704$225
25 years$2,014$1,535$1,155$859$633$191
26 years$1,915$1,443$1,071$786$570$162
27 years$1,825$1,358$995$719$514$138
28 years$1,741$1,279$925$659$464$117
29 years$1,663$1,207$860$604$419$99
30 years$1,590$1,140$801$554$379$84
31 years$1,522$1,077$747$509$342$72
32 years$1,458$1,019$697$468$310$61
33 years$1,399$965$651$430$280$52
34 years$1,343$915$608$396$254$44
35 years$1,290$868$569$365$230$38
36 years$1,240$824$532$336$208$32
37 years$1,194$782$498$309$189$27
38 years$1,149$744$466$285$171$23
39 years$1,107$707$437$263$155$20
40 years$1,068$673$409$242$141$17
41 years$1,030$640$384$224$128$14
42 years$994$610$360$206$116$12
43 years$960$581$338$191$105$10
44 years$928$554$317$176$95$9
45 years$897$528$298$163$87$7
46 years$868$504$280$150$79$6
47 years$840$481$263$139$71$5
48 years$813$459$247$128$65$5
49 years$787$438$232$118$59$4
50 years$763$419$218$109$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $781,000, adding $2,915 every year, while hoping to spend $58,435 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: 35/41/24 Blend
52$781,000$781,000$781,000$781,000
53$863,669$822,276$810,170$887,532
54$889,589$800,393$775,137$883,589
55$916,194$775,479$736,971$873,794
56$943,493$747,325$695,506$862,058
57$971,492$715,707$650,569$848,245
58$1,000,198$680,390$601,977$832,212
59$1,029,614$641,126$549,539$813,806
60$1,059,744$597,650$493,058$792,865
61$1,090,589$549,686$432,326$769,219
62$1,122,146$496,937$367,126$742,688
63$1,154,412$439,094$297,232$713,078
64$1,187,380$375,828$222,407$680,190
65$1,221,040$306,791$142,405$643,807
66$1,255,379$231,616$56,968$603,704
67$1,290,378$149,916$0$559,640
68$1,326,017$61,282$0$520,121
69$1,362,267$0$0$492,257
70$1,399,096$0$0$476,898
71$1,436,465$0$0$489,335
72$1,474,328$0$0$501,900
73$1,512,630$0$0$514,571
74$1,551,308$0$0$527,320
75$1,590,289$0$0$540,118
76$1,629,490$0$0$552,930
77$1,668,815$0$0$565,718
78$1,708,154$0$0$578,436
79$1,747,383$0$0$591,034
80$1,786,361$0$0$603,455
81$1,824,928$0$0$615,636
82$1,862,905$0$0$627,504
83$1,900,087$0$0$638,978
84$1,936,248$0$0$649,968
85$1,971,131$0$0$660,372
86$2,004,450$0$0$670,076
87$2,035,884$0$0$678,954
88$2,065,075$0$0$686,865
89$2,091,620$0$0$693,650
90$2,115,075$0$0$699,134
91$2,134,940$0$0$703,122
92$2,150,662$0$0$705,396
93$2,161,622$0$0$705,714
94$2,167,136$0$0$703,808
95$2,166,441$0$0$699,380
96$2,158,690$0$0$692,099
97$2,142,944$0$0$681,600
98$2,118,159$0$0$667,475
99$2,083,181$0$0$649,275
100$2,036,727$0$0$626,500