Can I retire at age 53 with 786,000?

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 $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%14.7%
1 years$64,907$64,329$63,765$63,214$62,677$61,462
2 years$32,132$31,534$30,954$30,392$29,846$28,627
3 years$21,209$20,608$20,029$19,472$18,936$17,750
4 years$15,748$15,149$14,576$14,029$13,505$12,362
5 years$12,472$11,877$11,312$10,775$10,266$9,170
6 years$10,289$9,698$9,142$8,617$8,123$7,075
7 years$8,731$8,145$7,597$7,085$6,606$5,605
8 years$7,562$6,981$6,443$5,943$5,481$4,527
9 years$6,654$6,079$5,549$5,062$4,616$3,709
10 years$5,928$5,358$4,838$4,364$3,933$3,072
11 years$5,334$4,770$4,259$3,798$3,382$2,566
12 years$4,839$4,281$3,780$3,331$2,931$2,159
13 years$4,421$3,869$3,377$2,941$2,556$1,826
14 years$4,063$3,517$3,034$2,611$2,240$1,552
15 years$3,753$3,213$2,740$2,328$1,973$1,324
16 years$3,482$2,948$2,484$2,085$1,743$1,133
17 years$3,243$2,715$2,260$1,873$1,546$972
18 years$3,031$2,508$2,063$1,688$1,375$836
19 years$2,842$2,325$1,889$1,525$1,225$720
20 years$2,671$2,160$1,733$1,381$1,094$622
21 years$2,517$2,012$1,594$1,254$979$537
22 years$2,378$1,878$1,469$1,140$878$465
23 years$2,250$1,757$1,357$1,038$788$403
24 years$2,134$1,646$1,255$947$708$349
25 years$2,026$1,545$1,162$865$637$303
26 years$1,928$1,452$1,078$791$574$263
27 years$1,836$1,366$1,001$724$518$228
28 years$1,752$1,287$930$663$467$198
29 years$1,673$1,215$866$608$422$173
30 years$1,600$1,147$807$558$381$150
31 years$1,532$1,084$752$512$344$131
32 years$1,468$1,026$702$471$312$114
33 years$1,408$972$655$433$282$99
34 years$1,351$921$612$399$255$86
35 years$1,298$873$572$367$231$75
36 years$1,248$829$535$338$210$65
37 years$1,201$787$501$311$190$57
38 years$1,157$748$469$287$172$50
39 years$1,115$712$440$265$156$43
40 years$1,075$677$412$244$142$38
41 years$1,037$644$386$225$128$33
42 years$1,001$614$362$208$117$29
43 years$966$585$340$192$106$25
44 years$934$557$319$177$96$22
45 years$903$532$300$164$87$19
46 years$873$507$282$151$79$16
47 years$845$484$264$140$72$14
48 years$818$462$249$129$65$13
49 years$792$441$234$119$59$11
50 years$767$421$220$110$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $786,000, adding $6,896 every year, while hoping to spend $57,437 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: 55/23/22 Blend
52$786,000$786,000$786,000$786,000
53$873,285$831,627$819,444$915,730
54$901,248$811,264$785,783$925,211
55$930,138$787,979$749,069$928,899
56$959,988$761,567$709,140$931,689
57$990,836$731,812$665,825$933,511
58$1,022,717$698,486$618,945$934,293
59$1,055,670$661,349$568,317$933,957
60$1,089,737$620,143$513,744$932,423
61$1,124,960$574,600$455,024$929,606
62$1,161,384$524,433$391,945$925,415
63$1,199,056$469,341$324,286$919,757
64$1,238,025$409,005$251,816$912,532
65$1,278,345$343,087$174,292$903,635
66$1,320,069$271,232$91,464$892,957
67$1,363,257$193,062$3,069$880,383
68$1,407,968$108,182$0$865,792
69$1,454,268$16,170$0$870,480
70$1,502,226$0$0$875,053
71$1,551,913$0$0$899,830
72$1,603,407$0$0$929,756
73$1,656,789$0$0$960,785
74$1,712,145$0$0$992,970
75$1,769,569$0$0$1,026,365
76$1,829,158$0$0$1,061,027
77$1,891,015$0$0$1,097,019
78$1,955,254$0$0$1,134,407
79$2,021,993$0$0$1,173,261
80$2,091,360$0$0$1,213,657
81$2,163,490$0$0$1,255,677
82$2,238,530$0$0$1,299,407
83$2,316,636$0$0$1,344,940
84$2,397,978$0$0$1,392,377
85$2,482,735$0$0$1,441,826
86$2,571,102$0$0$1,493,402
87$2,663,290$0$0$1,547,231
88$2,759,523$0$0$1,603,448
89$2,860,047$0$0$1,662,199
90$2,965,124$0$0$1,723,641
91$3,075,039$0$0$1,787,945
92$3,190,102$0$0$1,855,295
93$3,310,645$0$0$1,925,893
94$3,437,031$0$0$1,999,953
95$3,569,652$0$0$2,077,713
96$3,708,935$0$0$2,159,428
97$3,855,343$0$0$2,245,376
98$4,009,379$0$0$2,335,861
99$4,171,592$0$0$2,431,210
100$4,342,579$0$0$2,531,783