Can I retire at age 53 with 783,000?

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 $783,000?

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$64,659$64,083$63,522$62,973$62,438$60,903
2 years$32,010$31,413$30,836$30,276$29,732$28,196
3 years$21,128$20,529$19,953$19,398$18,863$17,373
4 years$15,688$15,091$14,520$13,975$13,453$12,021
5 years$12,425$11,832$11,268$10,734$10,227$8,856
6 years$10,250$9,661$9,107$8,584$8,092$6,784
7 years$8,697$8,114$7,568$7,058$6,581$5,336
8 years$7,533$6,955$6,418$5,920$5,460$4,277
9 years$6,629$6,055$5,528$5,043$4,598$3,477
10 years$5,905$5,338$4,819$4,347$3,918$2,856
11 years$5,314$4,752$4,243$3,783$3,369$2,367
12 years$4,821$4,265$3,765$3,318$2,920$1,974
13 years$4,404$3,854$3,364$2,930$2,546$1,656
14 years$4,048$3,503$3,023$2,601$2,232$1,395
15 years$3,739$3,200$2,729$2,319$1,965$1,179
16 years$3,469$2,936$2,474$2,077$1,737$1,000
17 years$3,231$2,704$2,252$1,866$1,540$850
18 years$3,020$2,499$2,055$1,682$1,369$724
19 years$2,831$2,316$1,882$1,519$1,220$618
20 years$2,661$2,152$1,727$1,376$1,090$528
21 years$2,508$2,005$1,588$1,249$976$452
22 years$2,369$1,871$1,464$1,136$874$387
23 years$2,242$1,750$1,352$1,034$785$332
24 years$2,125$1,640$1,250$943$706$285
25 years$2,019$1,539$1,158$861$635$244
26 years$1,920$1,446$1,074$788$572$210
27 years$1,829$1,361$997$721$516$180
28 years$1,745$1,283$927$661$465$155
29 years$1,667$1,210$863$606$420$133
30 years$1,594$1,143$803$556$380$115
31 years$1,526$1,080$749$511$343$99
32 years$1,462$1,022$699$469$310$85
33 years$1,402$968$653$431$281$73
34 years$1,346$917$610$397$254$63
35 years$1,293$870$570$365$230$54
36 years$1,244$826$533$337$209$47
37 years$1,197$784$499$310$189$40
38 years$1,152$745$467$286$172$35
39 years$1,110$709$438$264$156$30
40 years$1,070$674$410$243$141$26
41 years$1,033$642$385$224$128$22
42 years$997$611$361$207$116$19
43 years$963$583$339$191$105$17
44 years$930$555$318$176$96$14
45 years$899$529$299$163$87$12
46 years$870$505$280$150$79$11
47 years$842$482$263$139$72$9
48 years$815$460$248$128$65$8
49 years$789$439$233$119$59$7
50 years$764$420$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $783,000, adding $4,588 every year, while hoping to spend $31,275 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: 53/35/12 Blend
52$783,000$783,000$783,000$783,000
53$867,599$826,100$813,963$910,624
54$922,817$833,302$807,954$947,633
55$982,620$839,809$800,696$984,130
56$1,047,441$845,554$792,114$1,023,115
57$1,117,759$850,465$782,129$1,064,834
58$1,194,099$854,467$770,658$1,109,554
59$1,277,039$857,477$757,617$1,157,573
60$1,367,215$859,411$742,915$1,209,220
61$1,465,326$860,178$726,458$1,264,859
62$1,572,143$859,680$708,148$1,324,890
63$1,688,511$857,813$687,880$1,389,758
64$1,815,363$854,470$665,548$1,459,954
65$1,953,724$849,533$641,038$1,536,021
66$2,104,724$842,881$614,233$1,618,558
67$2,269,605$834,381$585,009$1,708,228
68$2,449,735$823,896$553,237$1,805,763
69$2,646,621$811,280$518,783$1,911,972
70$2,861,919$796,376$481,506$2,027,750
71$3,097,457$779,020$441,258$2,154,084
72$3,355,243$759,037$397,886$2,292,064
73$3,637,492$736,244$351,229$2,442,897
74$3,946,640$710,444$301,119$2,607,914
75$4,285,372$681,431$247,382$2,788,584
76$4,656,645$648,986$189,834$2,986,531
77$5,063,714$612,877$128,284$3,203,549
78$5,510,164$572,860$62,533$3,441,617
79$5,999,946$528,675$0$3,702,921
80$6,537,410$480,049$0$3,990,853
81$7,127,347$426,693$0$4,315,708
82$7,775,036$368,301$0$4,672,440
83$8,486,292$304,550$0$5,064,328
84$9,267,519$235,098$0$5,494,987
85$10,125,773$159,585$0$5,968,404
86$11,068,828$77,630$0$6,488,982
87$12,105,247$0$0$7,061,572
88$13,244,463$0$0$7,695,831
89$14,496,870$0$0$8,426,060
90$15,873,919$0$0$9,229,049
91$17,388,226$0$0$10,112,163
92$19,053,690$0$0$11,083,521
93$20,885,625$0$0$12,152,064
94$22,900,904$0$0$13,327,646
95$25,118,117$0$0$14,621,124
96$27,557,748$0$0$16,044,460
97$30,242,364$0$0$17,610,833
98$33,196,834$0$0$19,334,766
99$36,448,557$0$0$21,232,261
100$40,027,724$0$0$23,320,949