Can I retire at age 53 with 791,000?

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 $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%12.9%
1 years$65,320$64,738$64,171$63,616$63,075$62,313
2 years$32,337$31,734$31,151$30,585$30,036$29,269
3 years$21,344$20,739$20,157$19,596$19,056$18,308
4 years$15,848$15,245$14,669$14,118$13,591$12,867
5 years$12,552$11,952$11,384$10,844$10,332$9,635
6 years$10,355$9,760$9,200$8,672$8,175$7,506
7 years$8,786$8,196$7,645$7,130$6,648$6,007
8 years$7,610$7,026$6,484$5,981$5,516$4,902
9 years$6,696$6,117$5,584$5,094$4,645$4,059
10 years$5,965$5,392$4,868$4,391$3,958$3,399
11 years$5,368$4,800$4,286$3,822$3,404$2,872
12 years$4,870$4,308$3,804$3,352$2,950$2,444
13 years$4,449$3,894$3,398$2,960$2,572$2,092
14 years$4,089$3,539$3,054$2,627$2,255$1,800
15 years$3,777$3,233$2,757$2,343$1,985$1,554
16 years$3,504$2,966$2,500$2,098$1,755$1,347
17 years$3,264$2,732$2,275$1,885$1,556$1,171
18 years$3,051$2,524$2,076$1,699$1,383$1,020
19 years$2,860$2,340$1,901$1,535$1,233$890
20 years$2,688$2,174$1,744$1,390$1,101$779
21 years$2,533$2,025$1,605$1,262$986$682
22 years$2,393$1,890$1,479$1,147$883$599
23 years$2,265$1,768$1,365$1,045$793$526
24 years$2,147$1,656$1,263$953$713$462
25 years$2,039$1,554$1,170$870$641$407
26 years$1,940$1,461$1,085$796$578$358
27 years$1,848$1,375$1,007$728$521$316
28 years$1,763$1,296$936$667$470$278
29 years$1,684$1,222$871$612$424$246
30 years$1,610$1,154$812$562$383$217
31 years$1,541$1,091$757$516$347$191
32 years$1,477$1,032$706$474$314$169
33 years$1,417$978$659$436$284$149
34 years$1,360$927$616$401$257$132
35 years$1,307$879$576$369$233$117
36 years$1,256$834$539$340$211$103
37 years$1,209$792$504$313$191$91
38 years$1,164$753$472$289$173$81
39 years$1,122$716$442$266$157$71
40 years$1,081$681$415$246$143$63
41 years$1,043$649$389$227$129$56
42 years$1,007$618$365$209$117$50
43 years$973$588$342$193$106$44
44 years$940$561$321$178$97$39
45 years$909$535$302$165$88$34
46 years$879$510$283$152$80$30
47 years$850$487$266$140$72$27
48 years$823$465$250$130$66$24
49 years$797$444$235$120$60$21
50 years$772$424$221$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $791,000, adding $6,624 every year, while hoping to spend $37,922 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: 46/30/24 Blend
52$791,000$791,000$791,000$791,000
53$878,515$836,592$824,331$912,603
54$927,774$837,236$811,598$937,905
55$980,788$836,641$797,166$961,100
56$1,037,897$834,705$780,941$985,508
57$1,099,480$831,323$762,819$1,011,260
58$1,165,949$826,380$742,696$1,038,505
59$1,237,759$819,756$720,459$1,067,407
60$1,315,409$811,323$695,994$1,098,150
61$1,399,449$800,946$669,177$1,130,941
62$1,490,482$788,481$639,884$1,166,009
63$1,589,171$773,776$607,980$1,203,609
64$1,696,246$756,671$573,327$1,244,026
65$1,812,510$736,995$535,780$1,287,578
66$1,938,845$714,567$495,188$1,334,618
67$2,076,222$689,195$451,392$1,385,538
68$2,225,710$660,679$404,226$1,440,775
69$2,388,483$628,803$353,518$1,500,816
70$2,565,835$593,341$299,088$1,566,200
71$2,759,189$554,054$240,747$1,637,526
72$2,970,112$510,688$178,298$1,715,460
73$3,200,329$462,977$111,535$1,800,741
74$3,451,736$410,636$40,245$1,894,190
75$3,726,423$353,368$0$1,996,715
76$4,026,690$290,855$0$2,118,502
77$4,355,071$222,765$0$2,263,088
78$4,714,352$148,744$0$2,421,458
79$5,107,605$68,422$0$2,595,051
80$5,538,209$0$0$2,785,456
81$6,009,889$0$0$3,000,569
82$6,526,743$0$0$3,261,125
83$7,093,288$0$0$3,546,824
84$7,714,496$0$0$3,860,187
85$8,395,844$0$0$4,203,987
86$9,143,366$0$0$4,581,281
87$9,963,707$0$0$4,995,438
88$10,864,185$0$0$5,450,164
89$11,852,863$0$0$5,949,546
90$12,938,624$0$0$6,498,084
91$14,131,250$0$0$7,100,736
92$15,441,520$0$0$7,762,964
93$16,881,307$0$0$8,490,784
94$18,463,693$0$0$9,290,827
95$20,203,087$0$0$10,170,393
96$22,115,366$0$0$11,137,531
97$24,218,023$0$0$12,201,104
98$26,530,327$0$0$13,370,879
99$29,073,511$0$0$14,657,617
100$31,870,969$0$0$16,073,174