Can I retire at age 53 with 791,000?

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 $791,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$65,320$64,738$64,171$63,616$63,075$62,704
2 years$32,337$31,734$31,151$30,585$30,036$29,661
3 years$21,344$20,739$20,157$19,596$19,056$18,690
4 years$15,848$15,245$14,669$14,118$13,591$13,236
5 years$12,552$11,952$11,384$10,844$10,332$9,989
6 years$10,355$9,760$9,200$8,672$8,175$7,845
7 years$8,786$8,196$7,645$7,130$6,648$6,331
8 years$7,610$7,026$6,484$5,981$5,516$5,211
9 years$6,696$6,117$5,584$5,094$4,645$4,353
10 years$5,965$5,392$4,868$4,391$3,958$3,678
11 years$5,368$4,800$4,286$3,822$3,404$3,137
12 years$4,870$4,308$3,804$3,352$2,950$2,695
13 years$4,449$3,894$3,398$2,960$2,572$2,329
14 years$4,089$3,539$3,054$2,627$2,255$2,023
15 years$3,777$3,233$2,757$2,343$1,985$1,765
16 years$3,504$2,966$2,500$2,098$1,755$1,545
17 years$3,264$2,732$2,275$1,885$1,556$1,357
18 years$3,051$2,524$2,076$1,699$1,383$1,195
19 years$2,860$2,340$1,901$1,535$1,233$1,055
20 years$2,688$2,174$1,744$1,390$1,101$933
21 years$2,533$2,025$1,605$1,262$986$826
22 years$2,393$1,890$1,479$1,147$883$733
23 years$2,265$1,768$1,365$1,045$793$651
24 years$2,147$1,656$1,263$953$713$579
25 years$2,039$1,554$1,170$870$641$516
26 years$1,940$1,461$1,085$796$578$459
27 years$1,848$1,375$1,007$728$521$410
28 years$1,763$1,296$936$667$470$366
29 years$1,684$1,222$871$612$424$327
30 years$1,610$1,154$812$562$383$292
31 years$1,541$1,091$757$516$347$261
32 years$1,477$1,032$706$474$314$233
33 years$1,417$978$659$436$284$209
34 years$1,360$927$616$401$257$187
35 years$1,307$879$576$369$233$167
36 years$1,256$834$539$340$211$150
37 years$1,209$792$504$313$191$134
38 years$1,164$753$472$289$173$120
39 years$1,122$716$442$266$157$108
40 years$1,081$681$415$246$143$97
41 years$1,043$649$389$227$129$87
42 years$1,007$618$365$209$117$78
43 years$973$588$342$193$106$70
44 years$940$561$321$178$97$62
45 years$909$535$302$165$88$56
46 years$879$510$283$152$80$50
47 years$850$487$266$140$72$45
48 years$823$465$250$130$66$40
49 years$797$444$235$120$60$36
50 years$772$424$221$111$54$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $791,000, adding $3,252 every year, while hoping to spend $27,079 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: 64/17/19 Blend
52$791,000$791,000$791,000$791,000
53$875,036$833,113$820,853$926,633
54$935,478$845,124$819,540$973,718
55$1,001,178$856,816$817,275$1,021,768
56$1,072,642$868,144$813,998$1,073,622
57$1,150,430$879,062$809,646$1,129,654
58$1,235,157$889,519$804,151$1,190,275
59$1,327,498$899,460$797,446$1,255,940
60$1,428,199$908,829$789,456$1,327,148
61$1,538,077$917,564$780,105$1,404,453
62$1,658,036$925,600$769,313$1,488,461
63$1,789,067$932,865$756,996$1,579,845
64$1,932,263$939,288$743,067$1,679,344
65$2,088,828$944,787$727,434$1,787,776
66$2,260,086$949,279$710,001$1,906,041
67$2,447,496$952,674$690,667$2,035,131
68$2,652,663$954,878$669,326$2,176,143
69$2,877,356$955,788$645,870$2,330,283
70$3,123,523$955,298$620,183$2,498,883
71$3,393,307$953,293$592,145$2,683,413
72$3,689,073$949,653$561,630$2,885,492
73$4,013,420$944,248$528,506$3,106,906
74$4,369,215$936,942$492,637$3,349,626
75$4,759,613$927,590$453,879$3,615,822
76$5,188,091$916,039$412,081$3,907,891
77$5,658,478$902,127$367,087$4,228,473
78$6,174,992$885,681$318,735$4,580,481
79$6,742,281$866,519$266,852$4,967,126
80$7,365,462$844,447$211,260$5,391,948
81$8,050,175$819,260$151,773$5,858,852
82$8,802,632$790,743$88,196$6,372,143
83$9,629,677$758,666$20,327$6,936,567
84$10,538,849$722,786$0$7,557,356
85$11,538,456$682,846$0$8,250,843
86$12,637,649$638,576$0$9,017,911
87$13,846,511$589,688$0$9,861,494
88$15,176,151$535,879$0$10,789,373
89$16,638,810$476,829$0$11,810,123
90$18,247,972$412,197$0$12,933,195
91$20,018,497$341,627$0$14,169,004
92$21,966,757$264,739$0$15,529,028
93$24,110,789$181,135$0$17,025,919
94$26,470,471$90,392$0$18,673,619
95$29,067,703$0$0$20,487,495
96$31,926,615$0$0$22,485,965
97$35,073,798$0$0$24,704,626
98$38,538,549$0$0$27,147,230
99$42,353,152$0$0$29,836,547
100$46,553,181$0$0$32,797,663