Can I retire at age 53 with 787,000?

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 $787,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$64,990$64,411$63,846$63,295$62,756$62,283
2 years$32,173$31,574$30,993$30,430$29,884$29,406
3 years$21,236$20,634$20,055$19,497$18,960$18,493
4 years$15,768$15,168$14,595$14,046$13,522$13,070
5 years$12,488$11,892$11,326$10,789$10,279$9,843
6 years$10,303$9,711$9,153$8,628$8,134$7,714
7 years$8,742$8,155$7,606$7,094$6,615$6,211
8 years$7,572$6,990$6,451$5,951$5,488$5,101
9 years$6,662$6,086$5,556$5,069$4,621$4,251
10 years$5,935$5,365$4,844$4,369$3,938$3,584
11 years$5,341$4,776$4,264$3,803$3,387$3,048
12 years$4,846$4,287$3,785$3,335$2,935$2,612
13 years$4,427$3,874$3,381$2,945$2,559$2,252
14 years$4,068$3,521$3,038$2,614$2,243$1,951
15 years$3,758$3,217$2,743$2,331$1,975$1,698
16 years$3,487$2,951$2,487$2,087$1,746$1,482
17 years$3,248$2,718$2,263$1,875$1,548$1,298
18 years$3,035$2,512$2,066$1,690$1,376$1,140
19 years$2,845$2,328$1,891$1,527$1,227$1,003
20 years$2,675$2,163$1,736$1,383$1,096$885
21 years$2,521$2,015$1,596$1,255$981$781
22 years$2,381$1,881$1,471$1,141$879$691
23 years$2,253$1,759$1,359$1,039$789$612
24 years$2,136$1,648$1,256$948$709$543
25 years$2,029$1,547$1,164$866$638$482
26 years$1,930$1,454$1,079$792$575$428
27 years$1,839$1,368$1,002$725$518$380
28 years$1,754$1,289$932$664$468$338
29 years$1,675$1,216$867$609$422$301
30 years$1,602$1,148$808$559$382$268
31 years$1,534$1,086$753$513$345$239
32 years$1,469$1,027$702$472$312$213
33 years$1,409$973$656$434$282$190
34 years$1,353$922$613$399$256$169
35 years$1,300$875$573$367$232$151
36 years$1,250$830$536$338$210$135
37 years$1,203$788$502$312$190$120
38 years$1,158$749$470$287$172$108
39 years$1,116$712$440$265$156$96
40 years$1,076$678$413$244$142$86
41 years$1,038$645$387$225$129$77
42 years$1,002$614$363$208$117$69
43 years$968$585$340$192$106$61
44 years$935$558$320$177$96$55
45 years$904$532$300$164$87$49
46 years$874$508$282$151$79$44
47 years$846$484$265$140$72$39
48 years$819$463$249$129$65$35
49 years$793$442$234$119$59$31
50 years$768$422$220$110$54$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $787,000, adding $6,229 every year, while hoping to spend $38,798 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: 64/30/6 Blend
52$787,000$787,000$787,000$787,000
53$873,699$831,988$819,790$928,338
54$921,536$831,475$805,972$964,969
55$972,951$829,636$790,391$999,793
56$1,028,270$826,366$772,947$1,036,807
57$1,087,847$821,552$753,534$1,076,221
58$1,152,075$815,075$732,045$1,118,265
59$1,221,381$806,808$708,363$1,163,196
60$1,296,238$796,618$682,369$1,211,297
61$1,377,165$784,362$653,939$1,262,882
62$1,464,730$769,890$622,940$1,318,296
63$1,559,560$753,043$589,236$1,377,922
64$1,662,344$733,651$552,685$1,442,185
65$1,773,839$711,535$513,135$1,511,554
66$1,894,877$686,507$470,432$1,586,545
67$2,026,375$658,366$424,411$1,667,733
68$2,169,339$626,900$374,903$1,755,750
69$2,324,878$591,885$321,729$1,851,296
70$2,494,212$553,083$264,703$1,955,146
71$2,678,681$510,244$203,631$2,068,156
72$2,879,764$463,103$138,309$2,191,270
73$3,099,084$411,380$68,527$2,325,534
74$3,338,431$354,778$0$2,472,103
75$3,599,774$292,985$0$2,632,633
76$3,885,279$225,669$0$2,812,860
77$4,197,334$152,483$0$3,009,965
78$4,538,564$73,057$0$3,225,685
79$4,911,862$0$0$3,461,938
80$5,320,413$0$0$3,725,132
81$5,767,724$0$0$4,039,753
82$6,257,657$0$0$4,384,407
83$6,794,464$0$0$4,762,093
84$7,382,828$0$0$5,176,113
85$8,027,909$0$0$5,630,103
86$8,735,387$0$0$6,128,071
87$9,511,520$0$0$6,674,428
88$10,363,199$0$0$7,274,034
89$11,298,018$0$0$7,932,243
90$12,324,337$0$0$8,654,951
91$13,451,370$0$0$9,448,654
92$14,689,263$0$0$10,320,508
93$16,049,196$0$0$11,278,396
94$17,543,483$0$0$12,331,002
95$19,185,692$0$0$13,487,894
96$20,990,769$0$0$14,759,612
97$22,975,179$0$0$16,157,767
98$25,157,065$0$0$17,695,153
99$27,556,413$0$0$19,385,865
100$30,195,245$0$0$21,245,433