Can I retire at age 53 with 788,000?

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 $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%
1 years$65,072$64,493$63,927$63,375$62,836$61,045
2 years$32,214$31,614$31,033$30,469$29,922$28,131
3 years$21,263$20,660$20,080$19,522$18,984$17,250
4 years$15,788$15,187$14,613$14,064$13,539$11,875
5 years$12,504$11,907$11,340$10,803$10,292$8,703
6 years$10,316$9,723$9,165$8,639$8,144$6,630
7 years$8,753$8,165$7,616$7,103$6,623$5,186
8 years$7,582$6,999$6,459$5,958$5,495$4,132
9 years$6,671$6,094$5,563$5,075$4,627$3,339
10 years$5,943$5,372$4,850$4,375$3,943$2,726
11 years$5,348$4,782$4,270$3,807$3,391$2,244
12 years$4,852$4,292$3,789$3,340$2,938$1,860
13 years$4,433$3,879$3,386$2,948$2,562$1,549
14 years$4,074$3,526$3,042$2,617$2,246$1,296
15 years$3,763$3,221$2,746$2,334$1,978$1,088
16 years$3,491$2,955$2,490$2,090$1,748$916
17 years$3,252$2,721$2,266$1,878$1,550$773
18 years$3,039$2,515$2,068$1,692$1,378$654
19 years$2,849$2,331$1,894$1,529$1,228$554
20 years$2,678$2,166$1,738$1,385$1,097$469
21 years$2,524$2,017$1,598$1,257$982$399
22 years$2,384$1,883$1,473$1,143$880$339
23 years$2,256$1,761$1,360$1,041$790$288
24 years$2,139$1,650$1,258$949$710$245
25 years$2,032$1,549$1,165$867$639$209
26 years$1,933$1,455$1,081$793$576$178
27 years$1,841$1,370$1,003$726$519$152
28 years$1,756$1,291$933$665$468$130
29 years$1,677$1,218$868$610$423$110
30 years$1,604$1,150$809$559$382$94
31 years$1,535$1,087$754$514$345$80
32 years$1,471$1,029$703$472$312$69
33 years$1,411$974$657$434$283$59
34 years$1,355$923$614$400$256$50
35 years$1,302$876$574$368$232$43
36 years$1,252$831$537$339$210$37
37 years$1,204$789$502$312$190$31
38 years$1,160$750$470$288$173$27
39 years$1,117$713$441$265$157$23
40 years$1,077$679$413$245$142$19
41 years$1,039$646$387$226$129$17
42 years$1,003$615$363$208$117$14
43 years$969$586$341$192$106$12
44 years$936$559$320$178$96$10
45 years$905$533$300$164$87$9
46 years$875$508$282$151$79$8
47 years$847$485$265$140$72$6
48 years$820$463$249$129$65$6
49 years$794$442$234$119$59$5
50 years$769$422$220$110$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $788,000, adding $3,178 every year, while hoping to spend $55,781 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: 70/10/20 Blend
52$788,000$788,000$788,000$788,000
53$871,654$829,890$817,676$928,191
54$901,212$811,204$785,718$947,624
55$931,916$789,733$750,819$961,998
56$963,823$765,281$712,823$976,353
57$996,995$737,643$671,565$990,679
58$1,031,499$706,598$626,873$1,004,972
59$1,067,406$671,915$578,567$1,019,223
60$1,104,792$633,349$526,460$1,033,428
61$1,143,740$590,642$470,355$1,047,582
62$1,184,337$543,520$410,048$1,061,683
63$1,226,680$491,693$345,325$1,075,730
64$1,270,870$434,854$275,962$1,089,724
65$1,317,018$372,681$201,726$1,103,667
66$1,365,243$304,832$122,373$1,117,567
67$1,415,675$230,946$37,650$1,131,432
68$1,468,453$150,642$0$1,145,276
69$1,523,728$63,516$0$1,170,376
70$1,581,665$0$0$1,204,801
71$1,642,440$0$0$1,243,992
72$1,706,247$0$0$1,292,488
73$1,773,295$0$0$1,343,462
74$1,843,812$0$0$1,397,088
75$1,918,045$0$0$1,453,557
76$1,996,264$0$0$1,513,075
77$2,078,762$0$0$1,575,869
78$2,165,860$0$0$1,642,184
79$2,257,907$0$0$1,712,289
80$2,355,283$0$0$1,786,477
81$2,458,404$0$0$1,865,068
82$2,567,724$0$0$1,948,410
83$2,683,739$0$0$2,036,886
84$2,806,993$0$0$2,130,913
85$2,938,078$0$0$2,230,948
86$3,077,644$0$0$2,337,491
87$3,226,402$0$0$2,451,090
88$3,385,130$0$0$2,572,344
89$3,554,683$0$0$2,701,910
90$3,735,994$0$0$2,840,508
91$3,930,089$0$0$2,988,928
92$4,138,093$0$0$3,148,035
93$4,361,237$0$0$3,318,780
94$4,600,875$0$0$3,502,204
95$4,858,492$0$0$3,699,453
96$5,135,719$0$0$3,911,781
97$5,434,345$0$0$4,140,569
98$5,756,337$0$0$4,387,332
99$6,103,853$0$0$4,653,733
100$6,479,269$0$0$4,941,603