Can I retire at age 53 with 786,000?

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 $786,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$64,907$64,329$63,765$63,214$62,677$61,236
2 years$32,132$31,534$30,954$30,392$29,846$28,403
3 years$21,209$20,608$20,029$19,472$18,936$17,534
4 years$15,748$15,149$14,576$14,029$13,505$12,157
5 years$12,472$11,877$11,312$10,775$10,266$8,975
6 years$10,289$9,698$9,142$8,617$8,123$6,890
7 years$8,731$8,145$7,597$7,085$6,606$5,432
8 years$7,562$6,981$6,443$5,943$5,481$4,364
9 years$6,654$6,079$5,549$5,062$4,616$3,556
10 years$5,928$5,358$4,838$4,364$3,933$2,929
11 years$5,334$4,770$4,259$3,798$3,382$2,433
12 years$4,839$4,281$3,780$3,331$2,931$2,035
13 years$4,421$3,869$3,377$2,941$2,556$1,711
14 years$4,063$3,517$3,034$2,611$2,240$1,445
15 years$3,753$3,213$2,740$2,328$1,973$1,225
16 years$3,482$2,948$2,484$2,085$1,743$1,042
17 years$3,243$2,715$2,260$1,873$1,546$888
18 years$3,031$2,508$2,063$1,688$1,375$759
19 years$2,842$2,325$1,889$1,525$1,225$649
20 years$2,671$2,160$1,733$1,381$1,094$557
21 years$2,517$2,012$1,594$1,254$979$478
22 years$2,378$1,878$1,469$1,140$878$411
23 years$2,250$1,757$1,357$1,038$788$353
24 years$2,134$1,646$1,255$947$708$304
25 years$2,026$1,545$1,162$865$637$262
26 years$1,928$1,452$1,078$791$574$226
27 years$1,836$1,366$1,001$724$518$195
28 years$1,752$1,287$930$663$467$168
29 years$1,673$1,215$866$608$422$145
30 years$1,600$1,147$807$558$381$125
31 years$1,532$1,084$752$512$344$108
32 years$1,468$1,026$702$471$312$93
33 years$1,408$972$655$433$282$81
34 years$1,351$921$612$399$255$70
35 years$1,298$873$572$367$231$60
36 years$1,248$829$535$338$210$52
37 years$1,201$787$501$311$190$45
38 years$1,157$748$469$287$172$39
39 years$1,115$712$440$265$156$34
40 years$1,075$677$412$244$142$29
41 years$1,037$644$386$225$128$25
42 years$1,001$614$362$208$117$22
43 years$966$585$340$192$106$19
44 years$934$557$319$177$96$16
45 years$903$532$300$164$87$14
46 years$873$507$282$151$79$12
47 years$845$484$264$140$72$11
48 years$818$462$249$129$65$9
49 years$792$441$234$119$59$8
50 years$767$421$220$110$54$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $786,000, adding $4,701 every year, while hoping to spend $47,525 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: 58/28/14 Blend
52$786,000$786,000$786,000$786,000
53$871,021$829,363$817,180$918,184
54$909,299$819,436$793,989$940,677
55$949,888$807,429$768,429$959,519
56$992,975$793,191$740,369$978,943
57$1,038,762$776,560$709,675$999,014
58$1,087,470$757,367$676,204$1,019,802
59$1,139,344$735,430$639,809$1,041,388
60$1,194,649$710,557$600,334$1,063,864
61$1,253,676$682,548$557,618$1,087,333
62$1,316,745$651,187$511,493$1,111,912
63$1,384,206$616,248$461,780$1,137,734
64$1,456,442$577,491$408,297$1,164,945
65$1,533,874$534,663$350,850$1,193,714
66$1,616,964$487,496$289,238$1,224,227
67$1,706,218$435,707$223,251$1,256,694
68$1,802,192$378,996$152,670$1,291,353
69$1,905,496$317,048$77,265$1,328,466
70$2,016,801$249,528$0$1,368,329
71$2,136,843$176,083$0$1,411,754
72$2,266,431$96,341$0$1,470,978
73$2,406,453$9,907$0$1,534,900
74$2,557,886$0$0$1,604,023
75$2,721,803$0$0$1,704,671
76$2,899,385$0$0$1,817,071
77$3,091,928$0$0$1,939,000
78$3,300,861$0$0$2,071,369
79$3,527,751$0$0$2,215,178
80$3,774,326$0$0$2,371,531
81$4,042,484$0$0$2,541,639
82$4,334,314$0$0$2,726,838
83$4,652,115$0$0$2,928,593
84$4,998,416$0$0$3,148,522
85$5,376,001$0$0$3,388,402
86$5,787,933$0$0$3,650,190
87$6,237,586$0$0$3,936,039
88$6,728,671$0$0$4,248,322
89$7,265,274$0$0$4,589,647
90$7,851,894$0$0$4,962,889
91$8,493,485$0$0$5,371,213
92$9,195,500$0$0$5,818,102
93$9,963,945$0$0$6,307,394
94$10,805,431$0$0$6,843,312
95$11,727,242$0$0$7,430,509
96$12,737,397$0$0$8,074,110
97$13,844,728$0$0$8,779,757
98$15,058,963$0$0$9,553,666
99$16,390,814$0$0$10,402,683
100$17,852,084$0$0$11,334,347