Can I retire at age 53 with 787,000?

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 $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%12.7%
1 years$64,990$64,411$63,846$63,295$62,756$62,049
2 years$32,173$31,574$30,993$30,430$29,884$29,172
3 years$21,236$20,634$20,055$19,497$18,960$18,265
4 years$15,768$15,168$14,595$14,046$13,522$12,851
5 years$12,488$11,892$11,326$10,789$10,279$9,632
6 years$10,303$9,711$9,153$8,628$8,134$7,512
7 years$8,742$8,155$7,606$7,094$6,615$6,019
8 years$7,572$6,990$6,451$5,951$5,488$4,917
9 years$6,662$6,086$5,556$5,069$4,621$4,077
10 years$5,935$5,365$4,844$4,369$3,938$3,418
11 years$5,341$4,776$4,264$3,803$3,387$2,892
12 years$4,846$4,287$3,785$3,335$2,935$2,464
13 years$4,427$3,874$3,381$2,945$2,559$2,112
14 years$4,068$3,521$3,038$2,614$2,243$1,819
15 years$3,758$3,217$2,743$2,331$1,975$1,573
16 years$3,487$2,951$2,487$2,087$1,746$1,365
17 years$3,248$2,718$2,263$1,875$1,548$1,188
18 years$3,035$2,512$2,066$1,690$1,376$1,037
19 years$2,845$2,328$1,891$1,527$1,227$906
20 years$2,675$2,163$1,736$1,383$1,096$794
21 years$2,521$2,015$1,596$1,255$981$697
22 years$2,381$1,881$1,471$1,141$879$612
23 years$2,253$1,759$1,359$1,039$789$538
24 years$2,136$1,648$1,256$948$709$474
25 years$2,029$1,547$1,164$866$638$418
26 years$1,930$1,454$1,079$792$575$368
27 years$1,839$1,368$1,002$725$518$325
28 years$1,754$1,289$932$664$468$287
29 years$1,675$1,216$867$609$422$254
30 years$1,602$1,148$808$559$382$224
31 years$1,534$1,086$753$513$345$198
32 years$1,469$1,027$702$472$312$176
33 years$1,409$973$656$434$282$155
34 years$1,353$922$613$399$256$138
35 years$1,300$875$573$367$232$122
36 years$1,250$830$536$338$210$108
37 years$1,203$788$502$312$190$96
38 years$1,158$749$470$287$172$85
39 years$1,116$712$440$265$156$75
40 years$1,076$678$413$244$142$67
41 years$1,038$645$387$225$129$59
42 years$1,002$614$363$208$117$52
43 years$968$585$340$192$106$46
44 years$935$558$320$177$96$41
45 years$904$532$300$164$87$36
46 years$874$508$282$151$79$32
47 years$846$484$265$140$72$29
48 years$819$463$249$129$65$25
49 years$793$442$234$119$59$23
50 years$768$422$220$110$54$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $787,000, adding $5,247 every year, while hoping to spend $24,146 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: 49/24/27 Blend
52$787,000$787,000$787,000$787,000
53$872,686$830,975$818,777$908,532
54$936,009$846,002$820,515$949,195
55$1,004,982$860,956$821,501$990,536
56$1,080,155$875,807$821,687$1,034,978
57$1,162,134$890,526$821,017$1,082,824
58$1,251,587$905,077$819,436$1,134,413
59$1,349,249$919,425$816,887$1,190,114
60$1,455,926$933,531$813,307$1,250,337
61$1,572,510$947,354$808,632$1,315,534
62$1,699,981$960,848$802,796$1,386,206
63$1,839,416$973,967$795,726$1,462,901
64$1,992,003$986,658$787,350$1,546,229
65$2,159,051$998,868$777,590$1,636,860
66$2,342,000$1,010,538$766,365$1,735,535
67$2,542,435$1,021,605$753,589$1,843,070
68$2,762,103$1,032,004$739,174$1,960,368
69$3,002,928$1,041,663$723,027$2,088,423
70$3,267,029$1,050,506$705,051$2,228,334
71$3,556,739$1,058,454$685,143$2,381,311
72$3,874,628$1,065,420$663,197$2,548,691
73$4,223,527$1,071,313$639,101$2,731,950
74$4,606,555$1,076,036$612,740$2,932,714
75$5,027,148$1,079,485$583,990$3,152,778
76$5,489,088$1,081,552$552,725$3,394,123
77$5,996,546$1,082,118$518,812$3,658,932
78$6,554,112$1,081,061$482,111$3,949,616
79$7,166,847$1,078,248$442,477$4,268,834
80$7,840,324$1,073,541$399,759$4,619,516
81$8,580,682$1,066,790$353,796$5,004,898
82$9,394,688$1,057,839$304,424$5,428,547
83$10,289,794$1,046,520$251,470$5,894,396
84$11,274,211$1,032,658$194,752$6,406,786
85$12,356,986$1,016,064$134,082$6,970,501
86$13,548,088$996,540$69,264$7,590,820
87$14,858,499$973,877$90$8,273,562
88$16,300,321$947,851$0$9,025,146
89$17,886,884$918,227$0$9,873,891
90$19,632,882$884,755$0$10,807,768
91$21,554,499$847,172$0$11,835,426
92$23,669,572$805,197$0$12,966,425
93$25,997,752$758,536$0$14,211,300
94$28,560,694$706,875$0$15,581,667
95$31,382,258$649,885$0$17,090,325
96$34,488,735$587,217$0$18,751,382
97$37,909,096$518,500$0$20,580,388
98$41,675,263$443,346$0$22,594,482
99$45,822,411$361,341$0$24,812,554
100$50,389,301$272,050$0$27,255,423