Can I retire at age 53 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$64,577$64,002$63,440$62,893$62,358$61,528
2 years$31,969$31,373$30,796$30,237$29,694$28,859
3 years$21,101$20,503$19,927$19,373$18,839$18,025
4 years$15,668$15,072$14,502$13,957$13,436$12,650
5 years$12,409$11,816$11,254$10,720$10,214$9,457
6 years$10,237$9,649$9,095$8,573$8,082$7,355
7 years$8,686$8,103$7,558$7,049$6,573$5,877
8 years$7,524$6,946$6,410$5,913$5,453$4,788
9 years$6,620$6,048$5,521$5,036$4,592$3,957
10 years$5,898$5,331$4,813$4,341$3,913$3,308
11 years$5,307$4,746$4,237$3,778$3,365$2,790
12 years$4,815$4,259$3,761$3,314$2,916$2,370
13 years$4,399$3,849$3,360$2,926$2,543$2,024
14 years$4,043$3,499$3,019$2,597$2,229$1,738
15 years$3,734$3,196$2,726$2,316$1,963$1,498
16 years$3,465$2,933$2,471$2,074$1,735$1,295
17 years$3,227$2,701$2,249$1,863$1,538$1,123
18 years$3,016$2,496$2,053$1,679$1,368$977
19 years$2,827$2,313$1,879$1,517$1,219$851
20 years$2,658$2,149$1,725$1,374$1,089$743
21 years$2,505$2,002$1,586$1,247$974$649
22 years$2,366$1,869$1,462$1,134$873$568
23 years$2,239$1,748$1,350$1,033$784$498
24 years$2,123$1,638$1,248$942$705$437
25 years$2,016$1,537$1,156$860$634$383
26 years$1,918$1,444$1,072$787$571$337
27 years$1,827$1,359$996$720$515$296
28 years$1,743$1,281$926$660$465$260
29 years$1,665$1,208$861$605$420$229
30 years$1,592$1,141$802$555$379$202
31 years$1,524$1,079$748$510$343$178
32 years$1,460$1,021$698$469$310$157
33 years$1,400$967$652$431$281$138
34 years$1,344$916$609$396$254$122
35 years$1,292$869$569$365$230$107
36 years$1,242$825$533$336$208$95
37 years$1,195$783$498$310$189$84
38 years$1,151$744$467$285$171$74
39 years$1,109$708$437$263$155$65
40 years$1,069$674$410$243$141$57
41 years$1,031$641$384$224$128$51
42 years$996$611$361$207$116$45
43 years$962$582$338$191$105$39
44 years$929$555$318$176$96$35
45 years$898$529$298$163$87$31
46 years$869$504$280$150$79$27
47 years$841$481$263$139$72$24
48 years$814$460$247$128$65$21
49 years$788$439$232$119$59$19
50 years$764$419$219$110$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $782,000, adding $6,079 every year, while hoping to spend $44,263 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: 56/24/20 Blend
52$782,000$782,000$782,000$782,000
53$868,034$826,588$814,467$911,660
54$909,479$819,996$794,657$935,515
55$953,666$811,597$772,699$956,243
56$1,000,831$801,256$748,475$977,854
57$1,051,228$788,829$721,861$1,000,445
58$1,105,138$774,166$692,728$1,024,123
59$1,162,866$757,105$660,939$1,049,009
60$1,224,751$737,476$626,352$1,075,240
61$1,291,161$715,097$588,821$1,102,966
62$1,362,502$689,779$548,188$1,132,358
63$1,439,218$661,320$504,294$1,163,607
64$1,521,798$629,504$456,967$1,196,925
65$1,610,778$594,107$406,033$1,232,549
66$1,706,748$554,888$351,305$1,270,746
67$1,810,354$511,595$292,591$1,311,811
68$1,922,308$463,961$229,691$1,356,073
69$2,043,390$411,703$162,393$1,403,902
70$2,174,462$354,521$90,478$1,455,706
71$2,316,465$292,102$13,718$1,511,943
72$2,470,440$224,110$0$1,573,118
73$2,637,527$150,194$0$1,654,352
74$2,818,983$69,981$0$1,745,787
75$3,016,189$0$0$1,845,247
76$3,230,665$0$0$1,958,033
77$3,464,082$0$0$2,100,955
78$3,718,280$0$0$2,256,667
79$3,995,284$0$0$2,426,416
80$4,297,321$0$0$2,611,575
81$4,626,842$0$0$2,813,658
82$4,986,548$0$0$3,034,327
83$5,379,408$0$0$3,275,415
84$5,808,694$0$0$3,538,940
85$6,278,005$0$0$3,827,121
86$6,791,305$0$0$4,142,403
87$7,352,960$0$0$4,487,479
88$7,967,776$0$0$4,865,313
89$8,641,044$0$0$5,279,170
90$9,378,593$0$0$5,732,645
91$10,186,841$0$0$6,229,696
92$11,072,857$0$0$6,774,685
93$12,044,426$0$0$7,372,414
94$13,110,122$0$0$8,028,172
95$14,279,390$0$0$8,747,787
96$15,562,632$0$0$9,537,676
97$16,971,308$0$0$10,404,908
98$18,518,039$0$0$11,357,271
99$20,216,729$0$0$12,403,344
100$22,082,696$0$0$13,552,576