Can I retire at age 53 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$65,237$64,656$64,089$63,536$62,996$61,724
2 years$32,296$31,694$31,111$30,546$29,998$28,722
3 years$21,317$20,713$20,131$19,571$19,032$17,792
4 years$15,828$15,226$14,650$14,100$13,574$12,379
5 years$12,536$11,937$11,369$10,830$10,319$9,173
6 years$10,342$9,748$9,188$8,661$8,165$7,069
7 years$8,775$8,186$7,635$7,121$6,640$5,595
8 years$7,601$7,017$6,475$5,973$5,509$4,513
9 years$6,688$6,110$5,577$5,088$4,639$3,693
10 years$5,958$5,385$4,862$4,386$3,953$3,055
11 years$5,361$4,794$4,281$3,817$3,399$2,549
12 years$4,864$4,303$3,799$3,348$2,946$2,141
13 years$4,444$3,889$3,394$2,956$2,569$1,809
14 years$4,084$3,535$3,050$2,624$2,252$1,535
15 years$3,772$3,229$2,753$2,340$1,983$1,308
16 years$3,500$2,963$2,496$2,095$1,752$1,118
17 years$3,260$2,728$2,272$1,883$1,554$958
18 years$3,047$2,521$2,074$1,697$1,382$822
19 years$2,856$2,337$1,898$1,533$1,231$708
20 years$2,685$2,171$1,742$1,388$1,100$610
21 years$2,530$2,022$1,603$1,260$984$526
22 years$2,390$1,888$1,477$1,146$882$455
23 years$2,262$1,766$1,364$1,043$792$393
24 years$2,144$1,654$1,261$952$712$340
25 years$2,037$1,553$1,168$869$641$295
26 years$1,938$1,459$1,083$795$577$255
27 years$1,846$1,373$1,006$727$520$221
28 years$1,761$1,294$935$666$469$192
29 years$1,682$1,221$870$611$424$167
30 years$1,608$1,153$811$561$383$145
31 years$1,539$1,090$756$515$346$126
32 years$1,475$1,031$705$473$313$109
33 years$1,415$977$658$435$283$95
34 years$1,358$926$615$401$257$83
35 years$1,305$878$575$369$232$72
36 years$1,255$833$538$340$211$62
37 years$1,207$791$504$313$191$54
38 years$1,163$752$472$288$173$47
39 years$1,120$715$442$266$157$41
40 years$1,080$680$414$245$142$36
41 years$1,042$648$388$226$129$31
42 years$1,006$617$364$209$117$27
43 years$971$588$342$193$106$23
44 years$939$560$321$178$97$20
45 years$907$534$301$164$88$18
46 years$878$510$283$152$80$15
47 years$849$486$266$140$72$13
48 years$822$464$250$130$66$12
49 years$796$443$235$120$60$10
50 years$771$424$221$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $790,000, adding $2,044 every year, while hoping to spend $44,317 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: 73/22/5 Blend
52$790,000$790,000$790,000$790,000
53$872,688$830,818$818,573$935,896
54$914,550$824,376$798,843$971,346
55$959,195$816,132$776,966$1,004,358
56$1,006,863$805,952$752,824$1,039,241
57$1,057,812$793,693$726,292$1,076,165
58$1,112,328$779,203$697,242$1,115,318
59$1,170,723$762,321$665,538$1,156,906
60$1,233,340$742,878$631,036$1,201,160
61$1,300,555$720,693$593,590$1,248,332
62$1,372,780$695,576$553,044$1,298,703
63$1,450,469$667,324$509,236$1,352,582
64$1,534,118$635,724$461,997$1,410,311
65$1,624,274$600,551$411,150$1,472,270
66$1,721,537$561,565$356,510$1,538,874
67$1,826,566$518,513$297,885$1,610,588
68$1,940,084$471,129$235,073$1,687,922
69$2,062,889$419,131$167,864$1,771,439
70$2,195,855$362,219$96,038$1,861,764
71$2,339,943$300,079$19,367$1,959,587
72$2,496,212$232,378$0$2,065,669
73$2,665,825$158,763$0$2,184,184
74$2,850,060$78,864$0$2,314,049
75$3,050,326$0$0$2,455,272
76$3,268,170$0$0$2,610,870
77$3,505,295$0$0$2,801,053
78$3,763,576$0$0$3,008,237
79$4,045,075$0$0$3,234,080
80$4,352,062$0$0$3,480,408
81$4,687,034$0$0$3,749,230
82$5,052,743$0$0$4,042,757
83$5,452,213$0$0$4,363,423
84$5,888,779$0$0$4,713,909
85$6,366,109$0$0$5,097,165
86$6,888,241$0$0$5,516,439
87$7,459,623$0$0$5,975,310
88$8,085,154$0$0$6,477,716
89$8,770,224$0$0$7,027,994
90$9,520,774$0$0$7,630,922
91$10,343,344$0$0$8,291,759
92$11,245,137$0$0$9,016,300
93$12,234,085$0$0$9,810,926
94$13,318,928$0$0$10,682,665
95$14,509,289$0$0$11,639,259
96$15,815,770$0$0$12,689,234
97$17,250,047$0$0$13,841,985
98$18,824,985$0$0$15,107,857
99$20,554,752$0$0$16,498,248
100$22,454,958$0$0$18,025,716