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%17.9%
1 years$65,072$64,493$63,927$63,375$62,836$60,825
2 years$32,214$31,614$31,033$30,469$29,922$27,914
3 years$21,263$20,660$20,080$19,522$18,984$17,042
4 years$15,788$15,187$14,613$14,064$13,539$11,679
5 years$12,504$11,907$11,340$10,803$10,292$8,519
6 years$10,316$9,723$9,165$8,639$8,144$6,458
7 years$8,753$8,165$7,616$7,103$6,623$5,025
8 years$7,582$6,999$6,459$5,958$5,495$3,983
9 years$6,671$6,094$5,563$5,075$4,627$3,201
10 years$5,943$5,372$4,850$4,375$3,943$2,599
11 years$5,348$4,782$4,270$3,807$3,391$2,127
12 years$4,852$4,292$3,789$3,340$2,938$1,752
13 years$4,433$3,879$3,386$2,948$2,562$1,451
14 years$4,074$3,526$3,042$2,617$2,246$1,206
15 years$3,763$3,221$2,746$2,334$1,978$1,006
16 years$3,491$2,955$2,490$2,090$1,748$841
17 years$3,252$2,721$2,266$1,878$1,550$705
18 years$3,039$2,515$2,068$1,692$1,378$593
19 years$2,849$2,331$1,894$1,529$1,228$498
20 years$2,678$2,166$1,738$1,385$1,097$420
21 years$2,524$2,017$1,598$1,257$982$354
22 years$2,384$1,883$1,473$1,143$880$299
23 years$2,256$1,761$1,360$1,041$790$252
24 years$2,139$1,650$1,258$949$710$213
25 years$2,032$1,549$1,165$867$639$180
26 years$1,933$1,455$1,081$793$576$153
27 years$1,841$1,370$1,003$726$519$129
28 years$1,756$1,291$933$665$468$109
29 years$1,677$1,218$868$610$423$93
30 years$1,604$1,150$809$559$382$78
31 years$1,535$1,087$754$514$345$66
32 years$1,471$1,029$703$472$312$56
33 years$1,411$974$657$434$283$48
34 years$1,355$923$614$400$256$40
35 years$1,302$876$574$368$232$34
36 years$1,252$831$537$339$210$29
37 years$1,204$789$502$312$190$25
38 years$1,160$750$470$288$173$21
39 years$1,117$713$441$265$157$18
40 years$1,077$679$413$245$142$15
41 years$1,039$646$387$226$129$13
42 years$1,003$615$363$208$117$11
43 years$969$586$341$192$106$9
44 years$936$559$320$178$96$8
45 years$905$533$300$164$87$7
46 years$875$508$282$151$79$6
47 years$847$485$265$140$72$5
48 years$820$463$249$129$65$4
49 years$794$442$234$119$59$3
50 years$769$422$220$110$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $788,000, adding $3,312 every year, while hoping to spend $33,601 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: 71/17/12 Blend
52$788,000$788,000$788,000$788,000
53$871,792$830,028$817,814$931,262
54$924,964$834,949$809,460$976,027
55$982,433$838,984$799,699$1,020,596
56$1,044,602$842,055$788,450$1,068,489
57$1,111,914$844,078$775,626$1,120,028
58$1,184,856$844,965$761,137$1,175,565
59$1,263,964$844,620$744,886$1,235,491
60$1,349,825$842,943$726,777$1,300,237
61$1,443,087$839,828$706,704$1,370,278
62$1,544,463$835,161$684,560$1,446,136
63$1,654,736$828,821$660,231$1,528,391
64$1,774,768$820,682$633,597$1,617,678
65$1,905,508$810,609$604,536$1,714,701
66$2,047,999$798,459$572,918$1,820,235
67$2,203,391$784,078$538,606$1,935,135
68$2,372,946$767,308$501,459$2,060,344
69$2,558,059$747,978$461,330$2,196,903
70$2,760,259$725,907$418,063$2,345,959
71$2,981,234$700,905$371,496$2,508,777
72$3,222,840$672,770$321,462$2,686,754
73$3,487,123$641,289$267,783$2,881,429
74$3,776,331$606,234$210,277$3,094,501
75$4,092,946$567,368$148,749$3,327,842
76$4,439,694$524,437$83,001$3,583,518
77$4,819,584$477,175$12,822$3,863,808
78$5,235,923$425,299$0$4,171,224
79$5,692,359$368,510$0$4,516,485
80$6,192,906$306,493$0$4,896,967
81$6,741,986$238,915$0$5,314,428
82$7,344,470$165,424$0$5,772,616
83$8,005,725$85,648$0$6,275,663
84$8,731,659$0$0$6,828,123
85$9,528,782$0$0$7,435,165
86$10,404,267$0$0$8,119,521
87$11,366,013$0$0$8,871,349
88$12,422,724$0$0$9,697,459
89$13,583,986$0$0$10,605,350
90$14,860,363$0$0$11,603,287
91$16,263,490$0$0$12,700,374
92$17,806,189$0$0$13,906,640
93$19,502,583$0$0$15,233,137
94$21,368,235$0$0$16,692,039
95$23,420,289$0$0$18,296,760
96$25,677,636$0$0$20,062,080
97$28,161,090$0$0$22,004,282
98$30,893,583$0$0$24,141,309
99$33,900,382$0$0$26,492,930
100$37,209,328$0$0$29,080,926