Can I retire at age 53 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$65,155$64,575$64,008$63,456$62,916$62,078
2 years$32,255$31,654$31,072$30,508$29,960$29,117
3 years$21,290$20,686$20,106$19,546$19,008$18,187
4 years$15,808$15,207$14,632$14,082$13,557$12,763
5 years$12,520$11,922$11,355$10,816$10,305$9,542
6 years$10,329$9,735$9,176$8,650$8,154$7,421
7 years$8,764$8,176$7,626$7,112$6,632$5,930
8 years$7,591$7,008$6,467$5,966$5,502$4,831
9 years$6,679$6,102$5,570$5,082$4,633$3,993
10 years$5,950$5,378$4,856$4,380$3,948$3,338
11 years$5,354$4,788$4,275$3,812$3,395$2,815
12 years$4,858$4,298$3,794$3,344$2,942$2,391
13 years$4,438$3,884$3,390$2,952$2,566$2,043
14 years$4,079$3,530$3,046$2,621$2,249$1,753
15 years$3,768$3,225$2,750$2,337$1,980$1,511
16 years$3,496$2,959$2,493$2,093$1,750$1,307
17 years$3,256$2,725$2,269$1,880$1,552$1,133
18 years$3,043$2,518$2,071$1,694$1,380$985
19 years$2,853$2,334$1,896$1,531$1,230$858
20 years$2,682$2,169$1,740$1,387$1,098$749
21 years$2,527$2,020$1,600$1,258$983$655
22 years$2,387$1,885$1,475$1,144$881$573
23 years$2,259$1,763$1,362$1,042$791$502
24 years$2,142$1,652$1,260$950$711$440
25 years$2,034$1,551$1,167$868$640$387
26 years$1,935$1,457$1,082$794$576$340
27 years$1,843$1,371$1,005$726$520$299
28 years$1,759$1,292$934$666$469$263
29 years$1,680$1,219$869$610$423$231
30 years$1,606$1,151$810$560$382$204
31 years$1,537$1,088$755$514$346$179
32 years$1,473$1,030$704$473$313$158
33 years$1,413$975$658$435$283$139
34 years$1,356$924$614$400$256$123
35 years$1,303$877$574$368$232$108
36 years$1,253$832$537$339$210$96
37 years$1,206$790$503$312$191$84
38 years$1,161$751$471$288$173$74
39 years$1,119$714$441$266$157$66
40 years$1,079$680$414$245$142$58
41 years$1,041$647$388$226$129$51
42 years$1,005$616$364$209$117$45
43 years$970$587$341$193$106$40
44 years$937$560$320$178$96$35
45 years$906$534$301$164$88$31
46 years$877$509$283$152$79$27
47 years$848$486$265$140$72$24
48 years$821$464$249$129$66$21
49 years$795$443$234$120$60$19
50 years$770$423$220$111$54$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $789,000, adding $2,779 every year, while hoping to spend $31,839 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: 40/36/24 Blend
52$789,000$789,000$789,000$789,000
53$872,345$830,528$818,298$900,950
54$927,447$837,347$811,835$928,654
55$987,103$843,433$804,087$955,398
56$1,051,744$848,717$794,980$983,701
57$1,121,842$853,125$784,432$1,013,724
58$1,197,919$856,577$772,360$1,045,646
59$1,280,548$858,990$758,675$1,079,666
60$1,370,358$860,276$743,286$1,116,006
61$1,468,045$860,339$726,095$1,154,911
62$1,574,369$859,080$707,003$1,196,656
63$1,690,171$856,391$685,904$1,241,544
64$1,816,374$852,159$662,688$1,289,911
65$1,953,994$846,266$637,238$1,342,133
66$2,104,151$838,582$609,435$1,398,624
67$2,268,076$828,974$579,152$1,459,845
68$2,447,124$817,298$546,258$1,526,307
69$2,642,787$803,402$510,614$1,598,576
70$2,856,709$787,126$472,078$1,677,281
71$3,090,698$768,300$430,497$1,763,117
72$3,346,746$746,744$385,716$1,856,855
73$3,627,046$722,267$337,569$1,959,349
74$3,934,014$694,666$285,886$2,071,546
75$4,270,307$663,729$230,488$2,194,492
76$4,638,856$629,229$171,186$2,329,346
77$5,042,886$590,928$107,787$2,477,393
78$5,485,948$548,571$40,087$2,640,052
79$5,971,957$501,894$0$2,818,895
80$6,505,222$450,612$0$3,023,895
81$7,090,490$394,427$0$3,260,229
82$7,732,989$333,023$0$3,519,807
83$8,438,481$266,068$0$3,805,041
84$9,213,310$193,209$0$4,118,595
85$10,064,465$114,074$0$4,463,409
86$10,999,648$28,271$0$4,842,728
87$12,027,340$0$0$5,260,134
88$13,156,887$0$0$5,745,178
89$14,398,585$0$0$6,290,806
90$15,763,776$0$0$6,890,815
91$17,264,958$0$0$7,550,714
92$18,915,899$0$0$8,276,568
93$20,731,767$0$0$9,075,064
94$22,729,278$0$0$9,953,567
95$24,926,845$0$0$10,920,191
96$27,344,758$0$0$11,983,879
97$30,005,373$0$0$13,154,483
98$32,933,320$0$0$14,442,858
99$36,155,742$0$0$15,860,965
100$39,702,542$0$0$17,421,985