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 $6,753 every year, while hoping to spend $38,794 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: 61/17/22 Blend
52$787,000$787,000$787,000$787,000
53$874,240$832,529$820,330$922,122
54$922,136$832,046$806,535$954,855
55$973,617$830,240$790,977$985,703
56$1,029,008$827,003$773,557$1,018,505
57$1,088,665$822,225$754,170$1,053,455
58$1,152,981$815,786$732,706$1,090,772
59$1,222,385$807,559$709,051$1,130,696
60$1,297,349$797,411$683,086$1,173,494
61$1,378,394$785,200$654,685$1,219,461
62$1,466,090$770,774$623,717$1,268,924
63$1,561,065$753,976$590,045$1,322,246
64$1,664,008$734,635$553,526$1,379,828
65$1,775,679$712,574$514,011$1,442,115
66$1,896,911$687,603$471,343$1,509,597
67$2,028,622$659,522$425,359$1,582,820
68$2,171,822$628,119$375,889$1,662,386
69$2,327,621$593,170$322,755$1,748,960
70$2,497,242$554,439$265,770$1,843,280
71$2,682,028$511,673$204,741$1,946,160
72$2,883,459$464,610$139,464$2,058,503
73$3,103,164$412,968$69,728$2,181,306
74$3,342,935$356,452$0$2,315,669
75$3,604,745$294,749$0$2,463,913
76$3,890,766$227,528$0$2,643,821
77$4,203,389$154,441$0$2,840,555
78$4,545,245$75,120$0$3,055,816
79$4,919,235$0$0$3,291,483
80$5,328,547$0$0$3,551,653
81$5,776,698$0$0$3,851,954
82$6,267,556$0$0$4,180,934
83$6,805,383$0$0$4,541,457
84$7,394,872$0$0$4,936,675
85$8,041,192$0$0$5,370,064
86$8,750,037$0$0$5,845,449
87$9,527,675$0$0$6,367,043
88$10,381,015$0$0$6,939,489
89$11,317,663$0$0$7,567,900
90$12,345,999$0$0$8,257,906
91$13,475,255$0$0$9,015,713
92$14,715,599$0$0$9,848,154
93$16,078,232$0$0$10,762,758
94$17,575,496$0$0$11,767,820
95$19,220,985$0$0$12,872,478
96$21,029,677$0$0$14,086,796
97$23,018,072$0$0$15,421,868
98$25,204,350$0$0$16,889,910
99$27,608,538$0$0$18,504,385
100$30,252,705$0$0$20,280,126