Can I retire at age 53 with 784,000?

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 $784,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$64,742$64,165$63,603$63,053$62,517$60,419
2 years$32,050$31,454$30,875$30,314$29,770$27,677
3 years$21,155$20,555$19,978$19,423$18,887$16,865
4 years$15,708$15,110$14,539$13,993$13,471$11,535
5 years$12,441$11,847$11,283$10,748$10,240$8,395
6 years$10,263$9,674$9,118$8,595$8,103$6,351
7 years$8,709$8,124$7,577$7,067$6,590$4,930
8 years$7,543$6,964$6,426$5,928$5,467$3,899
9 years$6,637$6,063$5,535$5,049$4,604$3,125
10 years$5,913$5,344$4,825$4,353$3,923$2,531
11 years$5,320$4,758$4,248$3,788$3,374$2,066
12 years$4,827$4,270$3,770$3,323$2,924$1,698
13 years$4,410$3,859$3,368$2,933$2,549$1,402
14 years$4,053$3,508$3,027$2,604$2,235$1,162
15 years$3,744$3,204$2,733$2,322$1,968$967
16 years$3,473$2,940$2,477$2,079$1,739$806
17 years$3,235$2,708$2,254$1,868$1,542$674
18 years$3,024$2,502$2,058$1,684$1,371$564
19 years$2,835$2,319$1,884$1,521$1,222$473
20 years$2,665$2,155$1,729$1,378$1,092$397
21 years$2,511$2,007$1,590$1,250$977$334
22 years$2,372$1,874$1,466$1,137$876$281
23 years$2,244$1,752$1,353$1,035$786$237
24 years$2,128$1,642$1,252$944$706$199
25 years$2,021$1,541$1,159$862$636$168
26 years$1,923$1,448$1,075$789$573$142
27 years$1,832$1,363$998$722$516$120
28 years$1,747$1,284$928$661$466$101
29 years$1,669$1,211$864$606$421$85
30 years$1,596$1,144$805$557$380$72
31 years$1,528$1,082$750$511$344$61
32 years$1,464$1,023$700$470$311$51
33 years$1,404$969$653$432$281$43
34 years$1,348$919$610$397$255$37
35 years$1,295$871$571$366$231$31
36 years$1,245$827$534$337$209$26
37 years$1,198$785$500$311$189$22
38 years$1,154$746$468$286$172$19
39 years$1,112$710$438$264$156$16
40 years$1,072$675$411$243$141$13
41 years$1,034$643$385$225$128$11
42 years$998$612$361$207$116$10
43 years$964$583$339$191$106$8
44 years$932$556$318$177$96$7
45 years$901$530$299$163$87$6
46 years$871$506$281$151$79$5
47 years$843$483$264$139$72$4
48 years$816$461$248$129$65$3
49 years$790$440$233$119$59$3
50 years$765$420$219$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $784,000, adding $2,084 every year, while hoping to spend $44,163 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: 73/11/16 Blend
52$784,000$784,000$784,000$784,000
53$866,118$824,566$812,414$926,061
54$907,473$817,980$792,640$959,487
55$951,566$809,592$770,725$990,492
56$998,629$799,266$746,548$1,023,294
57$1,048,918$786,859$719,986$1,058,060
58$1,102,713$772,220$690,910$1,094,976
59$1,160,318$755,188$659,185$1,134,249
60$1,222,071$735,592$624,668$1,176,106
61$1,288,340$713,254$587,212$1,220,797
62$1,359,530$687,982$546,662$1,268,601
63$1,436,083$659,575$502,857$1,319,825
64$1,518,489$627,819$455,628$1,374,810
65$1,607,281$592,488$404,798$1,433,930
66$1,703,048$553,345$350,183$1,497,600
67$1,806,436$510,136$291,591$1,566,280
68$1,918,155$462,595$228,822$1,640,476
69$2,038,983$410,439$161,664$1,720,749
70$2,169,780$353,370$89,900$1,807,719
71$2,311,486$291,074$13,300$1,902,068
72$2,465,139$223,218$0$2,004,554
73$2,631,877$149,450$0$2,127,696
74$2,812,955$69,399$0$2,263,914
75$3,009,750$0$0$2,412,000
76$3,223,779$0$0$2,575,223
77$3,456,711$0$0$2,762,035
78$3,710,381$0$0$2,965,512
79$3,986,810$0$0$3,187,279
80$4,288,221$0$0$3,429,123
81$4,617,061$0$0$3,693,013
82$4,976,022$0$0$3,981,114
83$5,368,070$0$0$4,295,812
84$5,796,469$0$0$4,639,730
85$6,264,811$0$0$5,015,759
86$6,777,053$0$0$5,427,080
87$7,337,550$0$0$5,877,197
88$7,951,100$0$0$6,369,967
89$8,622,982$0$0$6,909,639
90$9,359,014$0$0$7,500,890
91$10,165,600$0$0$8,148,872
92$11,049,795$0$0$8,859,260
93$12,019,368$0$0$9,638,302
94$13,082,876$0$0$10,492,882
95$14,249,745$0$0$11,430,580
96$15,530,354$0$0$12,459,747
97$16,936,141$0$0$13,589,582
98$18,479,702$0$0$14,830,216
99$20,174,911$0$0$16,192,811
100$22,037,056$0$0$17,689,664