Can I retire at age 53 with 792,000?

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 $792,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$65,403$64,820$64,252$63,697$63,155$61,060
2 years$32,378$31,775$31,190$30,624$30,074$27,984
3 years$21,371$20,765$20,182$19,621$19,080$17,060
4 years$15,868$15,264$14,687$14,136$13,608$11,674
5 years$12,568$11,968$11,398$10,858$10,345$8,501
6 years$10,368$9,772$9,211$8,683$8,185$6,434
7 years$8,797$8,207$7,655$7,139$6,657$4,998
8 years$7,620$7,035$6,492$5,988$5,523$3,955
9 years$6,705$6,125$5,591$5,101$4,651$3,172
10 years$5,973$5,399$4,875$4,397$3,963$2,571
11 years$5,375$4,806$4,292$3,827$3,408$2,100
12 years$4,876$4,314$3,809$3,357$2,953$1,726
13 years$4,455$3,899$3,403$2,963$2,575$1,426
14 years$4,094$3,544$3,057$2,630$2,258$1,183
15 years$3,782$3,237$2,760$2,346$1,988$985
16 years$3,509$2,970$2,503$2,101$1,757$822
17 years$3,268$2,735$2,277$1,887$1,558$688
18 years$3,054$2,528$2,079$1,701$1,385$576
19 years$2,863$2,343$1,903$1,537$1,234$484
20 years$2,692$2,177$1,747$1,392$1,103$407
21 years$2,537$2,028$1,607$1,263$987$342
22 years$2,396$1,893$1,481$1,149$884$288
23 years$2,267$1,770$1,367$1,046$794$243
24 years$2,150$1,659$1,264$954$714$205
25 years$2,042$1,556$1,171$871$642$173
26 years$1,942$1,463$1,086$797$578$146
27 years$1,850$1,377$1,009$729$522$123
28 years$1,765$1,297$938$668$471$104
29 years$1,686$1,224$873$613$425$88
30 years$1,612$1,156$813$562$384$74
31 years$1,543$1,093$758$516$347$63
32 years$1,479$1,034$707$475$314$53
33 years$1,418$979$660$436$284$45
34 years$1,362$928$617$402$257$38
35 years$1,308$880$577$370$233$32
36 years$1,258$835$539$340$211$27
37 years$1,210$793$505$314$191$23
38 years$1,166$754$473$289$173$19
39 years$1,123$717$443$267$157$16
40 years$1,083$682$415$246$143$14
41 years$1,045$649$389$227$129$12
42 years$1,008$618$365$209$117$10
43 years$974$589$343$193$107$8
44 years$941$562$322$178$97$7
45 years$910$536$302$165$88$6
46 years$880$511$284$152$80$5
47 years$851$488$266$141$72$4
48 years$824$465$250$130$66$4
49 years$798$444$235$120$60$3
50 years$773$425$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $792,000, adding $4,056 every year, while hoping to spend $20,846 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: 52/37/11 Blend
52$792,000$792,000$792,000$792,000
53$876,968$834,992$822,716$919,840
54$944,238$853,726$828,097$968,246
55$1,017,672$872,680$832,959$1,018,288
56$1,097,875$891,842$837,264$1,072,228
57$1,185,516$911,200$840,970$1,130,440
58$1,281,329$930,739$844,033$1,193,334
59$1,386,124$950,445$846,407$1,261,363
60$1,500,793$970,300$848,046$1,335,027
61$1,626,316$990,287$848,897$1,414,874
62$1,763,774$1,010,385$848,910$1,501,510
63$1,914,357$1,030,573$848,027$1,595,602
64$2,079,377$1,050,826$846,191$1,697,886
65$2,260,275$1,071,119$843,340$1,809,172
66$2,458,643$1,091,423$839,412$1,930,352
67$2,676,231$1,111,709$834,338$2,062,411
68$2,914,966$1,131,943$828,048$2,206,433
69$3,176,975$1,152,090$820,470$2,363,613
70$3,464,595$1,172,111$811,525$2,535,268
71$3,780,406$1,191,966$801,132$2,722,851
72$4,127,245$1,211,610$789,208$2,927,961
73$4,508,241$1,230,996$775,664$3,152,363
74$4,926,839$1,250,073$760,406$3,398,000
75$5,386,835$1,268,784$743,338$3,667,016
76$5,892,410$1,287,073$724,358$3,961,772
77$6,448,172$1,304,876$703,359$4,284,871
78$7,059,195$1,322,125$680,232$4,639,185
79$7,731,073$1,338,748$654,859$5,027,875
80$8,469,964$1,354,669$627,119$5,454,429
81$9,282,658$1,369,805$596,885$5,922,690
82$10,176,633$1,384,069$564,024$6,436,894
83$11,160,128$1,397,367$528,398$7,001,712
84$12,242,221$1,409,599$489,860$7,622,290
85$13,432,917$1,420,658$448,259$8,304,302
86$14,743,237$1,430,433$403,438$9,054,002
87$16,185,324$1,438,801$355,231$9,878,285
88$17,772,560$1,445,635$303,464$10,784,748
89$19,519,689$1,450,799$247,957$11,781,766
90$21,442,956$1,454,147$188,522$12,878,572
91$23,560,262$1,455,525$124,963$14,085,342
92$25,891,333$1,454,769$57,073$15,413,292
93$28,457,902$1,451,706$0$16,874,786
94$31,283,920$1,446,151$0$18,485,254
95$34,395,775$1,437,908$0$20,265,179
96$37,822,548$1,426,770$0$22,224,437
97$41,596,282$1,412,515$0$24,381,305
98$45,752,285$1,394,911$0$26,755,925
99$50,329,466$1,373,709$0$29,370,498
100$55,370,698$1,348,648$0$32,249,489