Can I retire at age 53 with 785,000?

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 $785,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$64,825$64,247$63,684$63,134$62,597$61,208
2 years$32,091$31,494$30,914$30,353$29,808$28,416
3 years$21,182$20,581$20,004$19,447$18,911$17,560
4 years$15,728$15,130$14,558$14,011$13,488$12,187
5 years$12,457$11,862$11,297$10,762$10,253$9,007
6 years$10,276$9,686$9,130$8,606$8,113$6,922
7 years$8,720$8,134$7,587$7,076$6,598$5,463
8 years$7,553$6,973$6,434$5,936$5,474$4,394
9 years$6,646$6,071$5,542$5,056$4,610$3,585
10 years$5,920$5,351$4,832$4,358$3,928$2,956
11 years$5,327$4,764$4,254$3,793$3,378$2,459
12 years$4,833$4,276$3,775$3,327$2,927$2,059
13 years$4,416$3,864$3,373$2,937$2,553$1,734
14 years$4,058$3,512$3,030$2,607$2,238$1,466
15 years$3,749$3,209$2,736$2,325$1,970$1,245
16 years$3,478$2,944$2,481$2,082$1,741$1,060
17 years$3,239$2,711$2,257$1,871$1,544$905
18 years$3,027$2,505$2,061$1,686$1,373$774
19 years$2,838$2,322$1,886$1,523$1,224$664
20 years$2,668$2,158$1,731$1,380$1,093$570
21 years$2,514$2,010$1,592$1,252$978$490
22 years$2,375$1,876$1,468$1,138$877$422
23 years$2,247$1,755$1,355$1,037$787$363
24 years$2,131$1,644$1,253$946$707$313
25 years$2,024$1,543$1,161$864$636$270
26 years$1,925$1,450$1,077$790$573$233
27 years$1,834$1,365$1,000$723$517$201
28 years$1,750$1,286$929$662$466$174
29 years$1,671$1,213$865$607$421$150
30 years$1,598$1,146$806$557$381$130
31 years$1,530$1,083$751$512$344$112
32 years$1,466$1,025$701$470$311$97
33 years$1,406$970$654$433$282$84
34 years$1,350$920$611$398$255$73
35 years$1,297$872$571$366$231$63
36 years$1,247$828$535$337$209$55
37 years$1,200$786$500$311$190$47
38 years$1,155$747$469$287$172$41
39 years$1,113$711$439$264$156$35
40 years$1,073$676$411$244$141$31
41 years$1,035$644$386$225$128$27
42 years$999$613$362$208$116$23
43 years$965$584$340$192$106$20
44 years$933$557$319$177$96$17
45 years$902$531$299$163$87$15
46 years$872$506$281$151$79$13
47 years$844$483$264$139$72$11
48 years$817$461$248$129$65$10
49 years$791$441$233$119$59$8
50 years$766$421$219$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $785,000, adding $2,628 every year, while hoping to spend $50,687 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: 47/38/15 Blend
52$785,000$785,000$785,000$785,000
53$867,781$826,176$814,008$904,786
54$902,364$812,728$787,347$917,259
55$938,776$796,922$758,094$925,404
56$977,149$778,590$726,108$933,138
57$1,017,629$757,551$691,244$940,443
58$1,060,373$733,618$653,346$947,300
59$1,105,555$706,588$612,257$953,694
60$1,153,360$676,250$567,807$959,613
61$1,203,996$642,379$519,821$965,045
62$1,257,686$604,738$468,118$969,985
63$1,314,675$563,076$412,505$974,428
64$1,375,232$517,126$352,783$978,379
65$1,439,648$466,608$288,744$981,843
66$1,508,246$411,225$220,170$984,836
67$1,581,375$350,663$146,835$987,380
68$1,659,422$284,592$68,500$989,504
69$1,742,806$212,661$0$991,249
70$1,831,991$134,500$0$995,085
71$1,927,482$49,718$0$1,010,515
72$2,029,836$0$0$1,026,689
73$2,139,660$0$0$1,061,350
74$2,257,624$0$0$1,120,972
75$2,384,462$0$0$1,185,144
76$2,520,978$0$0$1,254,281
77$2,668,059$0$0$1,328,839
78$2,826,674$0$0$1,409,321
79$2,997,893$0$0$1,496,278
80$3,182,887$0$0$1,590,316
81$3,382,945$0$0$1,692,100
82$3,599,485$0$0$1,802,362
83$3,834,063$0$0$1,921,908
84$4,088,392$0$0$2,051,622
85$4,364,355$0$0$2,192,478
86$4,664,024$0$0$2,345,547
87$4,989,675$0$0$2,512,005
88$5,343,816$0$0$2,693,150
89$5,729,202$0$0$2,890,406
90$6,148,868$0$0$3,105,343
91$6,606,151$0$0$3,339,687
92$7,104,726$0$0$3,595,339
93$7,648,634$0$0$3,874,390
94$8,242,327$0$0$4,179,142
95$8,890,702$0$0$4,512,130
96$9,599,153$0$0$4,876,144
97$10,373,617$0$0$5,274,257
98$11,220,629$0$0$5,709,851
99$12,147,387$0$0$6,186,651
100$13,161,815$0$0$6,708,757