Can I retire at age 53 with 783,000?

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 $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%15.3%
1 years$64,659$64,083$63,522$62,973$62,438$61,077
2 years$32,010$31,413$30,836$30,276$29,732$28,368
3 years$21,128$20,529$19,953$19,398$18,863$17,539
4 years$15,688$15,091$14,520$13,975$13,453$12,178
5 years$12,425$11,832$11,268$10,734$10,227$9,005
6 years$10,250$9,661$9,107$8,584$8,092$6,925
7 years$8,697$8,114$7,568$7,058$6,581$5,468
8 years$7,533$6,955$6,418$5,920$5,460$4,401
9 years$6,629$6,055$5,528$5,043$4,598$3,592
10 years$5,905$5,338$4,819$4,347$3,918$2,964
11 years$5,314$4,752$4,243$3,783$3,369$2,467
12 years$4,821$4,265$3,765$3,318$2,920$2,067
13 years$4,404$3,854$3,364$2,930$2,546$1,742
14 years$4,048$3,503$3,023$2,601$2,232$1,474
15 years$3,739$3,200$2,729$2,319$1,965$1,252
16 years$3,469$2,936$2,474$2,077$1,737$1,067
17 years$3,231$2,704$2,252$1,866$1,540$912
18 years$3,020$2,499$2,055$1,682$1,369$781
19 years$2,831$2,316$1,882$1,519$1,220$670
20 years$2,661$2,152$1,727$1,376$1,090$575
21 years$2,508$2,005$1,588$1,249$976$495
22 years$2,369$1,871$1,464$1,136$874$426
23 years$2,242$1,750$1,352$1,034$785$367
24 years$2,125$1,640$1,250$943$706$317
25 years$2,019$1,539$1,158$861$635$274
26 years$1,920$1,446$1,074$788$572$237
27 years$1,829$1,361$997$721$516$204
28 years$1,745$1,283$927$661$465$177
29 years$1,667$1,210$863$606$420$153
30 years$1,594$1,143$803$556$380$132
31 years$1,526$1,080$749$511$343$115
32 years$1,462$1,022$699$469$310$99
33 years$1,402$968$653$431$281$86
34 years$1,346$917$610$397$254$74
35 years$1,293$870$570$365$230$64
36 years$1,244$826$533$337$209$56
37 years$1,197$784$499$310$189$48
38 years$1,152$745$467$286$172$42
39 years$1,110$709$438$264$156$36
40 years$1,070$674$410$243$141$32
41 years$1,033$642$385$224$128$27
42 years$997$611$361$207$116$24
43 years$963$583$339$191$105$21
44 years$930$555$318$176$96$18
45 years$899$529$299$163$87$15
46 years$870$505$280$150$79$13
47 years$842$482$263$139$72$12
48 years$815$460$248$128$65$10
49 years$789$439$233$119$59$9
50 years$764$420$219$110$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $783,000, adding $3,871 every year, while hoping to spend $55,179 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: 54/28/18 Blend
52$783,000$783,000$783,000$783,000
53$866,859$825,360$813,223$909,260
54$896,569$807,093$781,756$920,413
55$927,459$786,081$747,386$926,368
56$959,593$762,132$709,956$931,635
57$993,037$735,041$669,305$936,165
58$1,027,862$704,594$625,262$939,905
59$1,064,146$670,561$577,651$942,800
60$1,101,971$632,701$526,284$944,794
61$1,141,427$590,758$470,970$945,831
62$1,182,609$544,462$411,504$945,849
63$1,225,622$493,528$347,676$944,788
64$1,270,578$437,652$279,265$942,585
65$1,317,597$376,518$206,041$939,176
66$1,366,811$309,786$127,762$934,494
67$1,418,361$237,101$44,178$928,473
68$1,472,402$158,087$0$921,046
69$1,529,100$72,346$0$920,791
70$1,588,637$0$0$928,610
71$1,651,209$0$0$942,324
72$1,717,029$0$0$980,224
73$1,786,332$0$0$1,020,156
74$1,859,369$0$0$1,062,269
75$1,936,418$0$0$1,106,726
76$2,017,778$0$0$1,153,706
77$2,103,778$0$0$1,203,401
78$2,194,776$0$0$1,256,024
79$2,291,163$0$0$1,311,806
80$2,393,365$0$0$1,370,999
81$2,501,851$0$0$1,433,879
82$2,617,129$0$0$1,500,748
83$2,739,758$0$0$1,571,938
84$2,870,350$0$0$1,647,810
85$3,009,572$0$0$1,728,760
86$3,158,159$0$0$1,815,222
87$3,316,911$0$0$1,907,672
88$3,486,711$0$0$2,006,632
89$3,668,521$0$0$2,112,674
90$3,863,400$0$0$2,226,426
91$4,072,508$0$0$2,348,575
92$4,297,120$0$0$2,479,878
93$4,538,632$0$0$2,621,163
94$4,798,579$0$0$2,773,342
95$5,078,647$0$0$2,937,416
96$5,380,685$0$0$3,114,482
97$5,706,728$0$0$3,305,749
98$6,059,010$0$0$3,512,543
99$6,439,986$0$0$3,736,323
100$6,852,354$0$0$3,978,692