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%11.5%
1 years$65,072$64,493$63,927$63,375$62,836$62,440
2 years$32,214$31,614$31,033$30,469$29,922$29,523
3 years$21,263$20,660$20,080$19,522$18,984$18,593
4 years$15,788$15,187$14,613$14,064$13,539$13,161
5 years$12,504$11,907$11,340$10,803$10,292$9,927
6 years$10,316$9,723$9,165$8,639$8,144$7,792
7 years$8,753$8,165$7,616$7,103$6,623$6,285
8 years$7,582$6,999$6,459$5,958$5,495$5,170
9 years$6,671$6,094$5,563$5,075$4,627$4,316
10 years$5,943$5,372$4,850$4,375$3,943$3,645
11 years$5,348$4,782$4,270$3,807$3,391$3,106
12 years$4,852$4,292$3,789$3,340$2,938$2,667
13 years$4,433$3,879$3,386$2,948$2,562$2,304
14 years$4,074$3,526$3,042$2,617$2,246$2,000
15 years$3,763$3,221$2,746$2,334$1,978$1,744
16 years$3,491$2,955$2,490$2,090$1,748$1,526
17 years$3,252$2,721$2,266$1,878$1,550$1,339
18 years$3,039$2,515$2,068$1,692$1,378$1,178
19 years$2,849$2,331$1,894$1,529$1,228$1,039
20 years$2,678$2,166$1,738$1,385$1,097$918
21 years$2,524$2,017$1,598$1,257$982$813
22 years$2,384$1,883$1,473$1,143$880$721
23 years$2,256$1,761$1,360$1,041$790$640
24 years$2,139$1,650$1,258$949$710$568
25 years$2,032$1,549$1,165$867$639$506
26 years$1,933$1,455$1,081$793$576$450
27 years$1,841$1,370$1,003$726$519$401
28 years$1,756$1,291$933$665$468$358
29 years$1,677$1,218$868$610$423$319
30 years$1,604$1,150$809$559$382$285
31 years$1,535$1,087$754$514$345$255
32 years$1,471$1,029$703$472$312$227
33 years$1,411$974$657$434$283$203
34 years$1,355$923$614$400$256$182
35 years$1,302$876$574$368$232$163
36 years$1,252$831$537$339$210$146
37 years$1,204$789$502$312$190$130
38 years$1,160$750$470$288$173$117
39 years$1,117$713$441$265$157$104
40 years$1,077$679$413$245$142$93
41 years$1,039$646$387$226$129$84
42 years$1,003$615$363$208$117$75
43 years$969$586$341$192$106$67
44 years$936$559$320$178$96$60
45 years$905$533$300$164$87$54
46 years$875$508$282$151$79$48
47 years$847$485$265$140$72$43
48 years$820$463$249$129$65$39
49 years$794$442$234$119$59$35
50 years$769$422$220$110$54$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $788,000, adding $2,909 every year, while hoping to spend $54,640 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: 48/33/19 Blend
52$788,000$788,000$788,000$788,000
53$871,377$829,613$817,399$908,404
54$902,121$812,127$786,645$916,946
55$934,169$791,954$753,030$920,445
56$967,597$768,902$716,399$923,089
57$1,002,487$742,773$676,593$924,822
58$1,038,925$713,354$633,444$925,584
59$1,077,008$680,420$586,776$925,311
60$1,116,835$643,734$536,406$923,941
61$1,158,520$603,044$482,143$921,407
62$1,202,181$558,085$423,787$917,642
63$1,247,948$508,576$361,129$912,576
64$1,295,963$454,221$293,951$906,140
65$1,346,378$394,704$222,025$898,259
66$1,399,360$329,696$145,114$888,862
67$1,455,089$258,845$62,969$877,873
68$1,513,761$181,782$0$865,219
69$1,575,591$98,115$0$855,829
70$1,640,811$7,433$0$858,573
71$1,709,676$0$0$860,653
72$1,782,463$0$0$894,994
73$1,859,474$0$0$934,222
74$1,941,038$0$0$975,811
75$2,027,516$0$0$1,019,951
76$2,119,303$0$0$1,066,848
77$2,216,830$0$0$1,116,729
78$2,320,566$0$0$1,169,841
79$2,431,029$0$0$1,226,455
80$2,548,782$0$0$1,286,869
81$2,674,445$0$0$1,351,408
82$2,808,694$0$0$1,420,427
83$2,952,273$0$0$1,494,319
84$3,105,995$0$0$1,573,511
85$3,270,753$0$0$1,658,475
86$3,447,528$0$0$1,749,725
87$3,637,392$0$0$1,847,828
88$3,841,526$0$0$1,953,407
89$4,061,226$0$0$2,067,143
90$4,297,912$0$0$2,189,787
91$4,553,148$0$0$2,322,161
92$4,828,648$0$0$2,465,172
93$5,126,298$0$0$2,619,814
94$5,448,170$0$0$2,787,180
95$5,796,542$0$0$2,968,472
96$6,173,915$0$0$3,165,011
97$6,583,044$0$0$3,378,251
98$7,026,955$0$0$3,609,788
99$7,508,977$0$0$3,861,382
100$8,032,770$0$0$4,134,965