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%12.4%
1 years$65,237$64,656$64,089$63,536$62,996$62,364
2 years$32,296$31,694$31,111$30,546$29,998$29,361
3 years$21,317$20,713$20,131$19,571$19,032$18,411
4 years$15,828$15,226$14,650$14,100$13,574$12,972
5 years$12,536$11,937$11,369$10,830$10,319$9,739
6 years$10,342$9,748$9,188$8,661$8,165$7,608
7 years$8,775$8,186$7,635$7,121$6,640$6,106
8 years$7,601$7,017$6,475$5,973$5,509$4,997
9 years$6,688$6,110$5,577$5,088$4,639$4,150
10 years$5,958$5,385$4,862$4,386$3,953$3,486
11 years$5,361$4,794$4,281$3,817$3,399$2,954
12 years$4,864$4,303$3,799$3,348$2,946$2,522
13 years$4,444$3,889$3,394$2,956$2,569$2,166
14 years$4,084$3,535$3,050$2,624$2,252$1,869
15 years$3,772$3,229$2,753$2,340$1,983$1,620
16 years$3,500$2,963$2,496$2,095$1,752$1,409
17 years$3,260$2,728$2,272$1,883$1,554$1,228
18 years$3,047$2,521$2,074$1,697$1,382$1,074
19 years$2,856$2,337$1,898$1,533$1,231$941
20 years$2,685$2,171$1,742$1,388$1,100$826
21 years$2,530$2,022$1,603$1,260$984$727
22 years$2,390$1,888$1,477$1,146$882$640
23 years$2,262$1,766$1,364$1,043$792$564
24 years$2,144$1,654$1,261$952$712$498
25 years$2,037$1,553$1,168$869$641$440
26 years$1,938$1,459$1,083$795$577$389
27 years$1,846$1,373$1,006$727$520$344
28 years$1,761$1,294$935$666$469$305
29 years$1,682$1,221$870$611$424$270
30 years$1,608$1,153$811$561$383$239
31 years$1,539$1,090$756$515$346$212
32 years$1,475$1,031$705$473$313$188
33 years$1,415$977$658$435$283$167
34 years$1,358$926$615$401$257$148
35 years$1,305$878$575$369$232$131
36 years$1,255$833$538$340$211$117
37 years$1,207$791$504$313$191$104
38 years$1,163$752$472$288$173$92
39 years$1,120$715$442$266$157$82
40 years$1,080$680$414$245$142$73
41 years$1,042$648$388$226$129$65
42 years$1,006$617$364$209$117$57
43 years$971$588$342$193$106$51
44 years$939$560$321$178$97$45
45 years$907$534$301$164$88$40
46 years$878$510$283$152$80$36
47 years$849$486$266$140$72$32
48 years$822$464$250$130$66$28
49 years$796$443$235$120$60$25
50 years$771$424$221$111$54$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $790,000, adding $2,786 every year, while hoping to spend $54,444 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: 74/19/7 Blend
52$790,000$790,000$790,000$790,000
53$873,454$831,584$819,339$937,052
54$904,618$814,403$788,859$962,134
55$937,136$794,556$755,533$982,445
56$971,089$771,855$719,208$1,003,144
57$1,006,564$746,099$679,725$1,024,252
58$1,043,654$717,079$636,917$1,045,792
59$1,082,462$684,571$590,609$1,067,790
60$1,123,098$648,339$540,618$1,090,275
61$1,165,680$608,134$486,756$1,113,282
62$1,210,339$563,692$428,821$1,136,849
63$1,257,214$514,734$366,607$1,161,020
64$1,306,458$460,964$299,897$1,185,844
65$1,358,237$402,072$228,464$1,211,380
66$1,412,731$337,727$152,071$1,237,691
67$1,470,136$267,581$70,471$1,264,850
68$1,530,665$191,268$0$1,292,940
69$1,594,551$108,399$0$1,323,294
70$1,662,048$18,563$0$1,360,474
71$1,733,433$0$0$1,399,351
72$1,809,007$0$0$1,456,529
73$1,889,101$0$0$1,521,255
74$1,974,075$0$0$1,589,943
75$2,064,323$0$0$1,662,913
76$2,160,277$0$0$1,740,515
77$2,262,408$0$0$1,823,135
78$2,371,232$0$0$1,911,192
79$2,487,316$0$0$2,005,147
80$2,611,278$0$0$2,105,504
81$2,743,797$0$0$2,212,817
82$2,885,617$0$0$2,327,690
83$3,037,554$0$0$2,450,790
84$3,200,504$0$0$2,582,844
85$3,375,448$0$0$2,724,654
86$3,563,463$0$0$2,877,096
87$3,765,733$0$0$3,041,135
88$3,983,557$0$0$3,217,829
89$4,218,361$0$0$3,408,341
90$4,471,713$0$0$3,613,947
91$4,745,333$0$0$3,836,050
92$5,041,113$0$0$4,076,192
93$5,361,134$0$0$4,336,069
94$5,707,680$0$0$4,617,542
95$6,083,265$0$0$4,922,660
96$6,490,652$0$0$5,253,675
97$6,932,880$0$0$5,613,064
98$7,413,290$0$0$6,003,551
99$7,935,560$0$0$6,428,133
100$8,503,733$0$0$6,890,108