Can I retire at age 53 with 788,000?

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 $788,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$65,072$64,493$63,927$63,375$62,836$60,535
2 years$32,214$31,614$31,033$30,469$29,922$27,629
3 years$21,263$20,660$20,080$19,522$18,984$16,771
4 years$15,788$15,187$14,613$14,064$13,539$11,424
5 years$12,504$11,907$11,340$10,803$10,292$8,280
6 years$10,316$9,723$9,165$8,639$8,144$6,236
7 years$8,753$8,165$7,616$7,103$6,623$4,819
8 years$7,582$6,999$6,459$5,958$5,495$3,793
9 years$6,671$6,094$5,563$5,075$4,627$3,025
10 years$5,943$5,372$4,850$4,375$3,943$2,438
11 years$5,348$4,782$4,270$3,807$3,391$1,980
12 years$4,852$4,292$3,789$3,340$2,938$1,618
13 years$4,433$3,879$3,386$2,948$2,562$1,329
14 years$4,074$3,526$3,042$2,617$2,246$1,095
15 years$3,763$3,221$2,746$2,334$1,978$906
16 years$3,491$2,955$2,490$2,090$1,748$751
17 years$3,252$2,721$2,266$1,878$1,550$624
18 years$3,039$2,515$2,068$1,692$1,378$520
19 years$2,849$2,331$1,894$1,529$1,228$433
20 years$2,678$2,166$1,738$1,385$1,097$362
21 years$2,524$2,017$1,598$1,257$982$302
22 years$2,384$1,883$1,473$1,143$880$253
23 years$2,256$1,761$1,360$1,041$790$211
24 years$2,139$1,650$1,258$949$710$177
25 years$2,032$1,549$1,165$867$639$148
26 years$1,933$1,455$1,081$793$576$124
27 years$1,841$1,370$1,003$726$519$104
28 years$1,756$1,291$933$665$468$87
29 years$1,677$1,218$868$610$423$73
30 years$1,604$1,150$809$559$382$61
31 years$1,535$1,087$754$514$345$51
32 years$1,471$1,029$703$472$312$43
33 years$1,411$974$657$434$283$36
34 years$1,355$923$614$400$256$30
35 years$1,302$876$574$368$232$26
36 years$1,252$831$537$339$210$21
37 years$1,204$789$502$312$190$18
38 years$1,160$750$470$288$173$15
39 years$1,117$713$441$265$157$13
40 years$1,077$679$413$245$142$11
41 years$1,039$646$387$226$129$9
42 years$1,003$615$363$208$117$7
43 years$969$586$341$192$106$6
44 years$936$559$320$178$96$5
45 years$905$533$300$164$87$4
46 years$875$508$282$151$79$4
47 years$847$485$265$140$72$3
48 years$820$463$249$129$65$3
49 years$794$442$234$119$59$2
50 years$769$422$220$110$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $788,000, adding $2,847 every year, while hoping to spend $22,733 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: 32/50/18 Blend
52$788,000$788,000$788,000$788,000
53$871,313$829,549$817,335$894,221
54$935,999$846,009$820,528$927,973
55$1,006,521$862,514$823,066$962,019
56$1,083,451$879,041$824,903$998,208
57$1,167,416$895,568$825,991$1,036,739
58$1,259,110$912,068$826,279$1,077,835
59$1,359,295$928,515$825,714$1,121,740
60$1,468,808$944,877$824,241$1,168,723
61$1,588,574$961,124$821,801$1,219,082
62$1,719,609$977,220$818,332$1,273,147
63$1,863,034$993,128$813,771$1,331,282
64$2,020,081$1,008,808$808,049$1,393,886
65$2,192,107$1,024,218$801,097$1,461,404
66$2,380,609$1,039,312$792,840$1,534,326
67$2,587,232$1,054,039$783,202$1,613,191
68$2,813,790$1,068,348$772,100$1,698,596
69$3,062,282$1,082,181$759,450$1,791,201
70$3,334,906$1,095,480$745,163$1,891,733
71$3,634,086$1,108,178$729,146$2,000,995
72$3,962,492$1,120,208$711,301$2,119,876
73$4,323,064$1,131,496$691,527$2,249,354
74$4,719,041$1,141,963$669,717$2,390,511
75$5,153,990$1,151,527$645,760$2,544,540
76$5,631,843$1,160,098$619,539$2,712,760
77$6,156,930$1,167,581$590,933$2,896,625
78$6,734,020$1,173,876$559,812$3,097,741
79$7,368,370$1,178,876$526,046$3,317,880
80$8,065,769$1,182,466$489,494$3,558,999
81$8,832,597$1,184,526$450,011$3,823,256
82$9,675,880$1,184,927$407,445$4,113,035
83$10,603,363$1,183,531$361,637$4,430,963
84$11,623,576$1,180,194$312,422$4,779,944
85$12,745,919$1,174,762$259,627$5,163,178
86$13,980,748$1,167,071$203,070$5,584,199
87$15,339,475$1,156,947$142,563$6,046,904
88$16,834,671$1,144,207$77,908$6,555,594
89$18,480,190$1,128,656$8,901$7,115,014
90$20,291,296$1,110,087$0$7,730,398
91$22,284,808$1,088,281$0$8,419,956
92$24,479,257$1,063,006$0$9,180,255
93$26,895,065$1,034,016$0$10,016,656
94$29,554,731$1,001,053$0$10,936,958
95$32,483,049$963,840$0$11,949,758
96$35,707,338$922,086$0$13,064,537
97$39,257,701$875,483$0$14,291,750
98$43,167,310$823,705$0$15,642,922
99$47,472,717$766,408$0$17,130,762
100$52,214,200$703,227$0$18,769,282