Can I retire at age 53 with 793,000?

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 $793,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$65,485$64,902$64,333$63,777$63,235$61,857
2 years$32,418$31,815$31,230$30,662$30,112$28,731
3 years$21,398$20,791$20,208$19,646$19,104$17,763
4 years$15,888$15,284$14,706$14,154$13,625$12,334
5 years$12,584$11,983$11,412$10,871$10,358$9,120
6 years$10,381$9,785$9,223$8,694$8,196$7,013
7 years$8,809$8,217$7,664$7,148$6,665$5,538
8 years$7,630$7,044$6,500$5,996$5,530$4,457
9 years$6,713$6,133$5,598$5,107$4,657$3,638
10 years$5,981$5,406$4,881$4,403$3,968$3,002
11 years$5,381$4,812$4,297$3,832$3,412$2,499
12 years$4,883$4,319$3,813$3,361$2,957$2,094
13 years$4,461$3,903$3,407$2,967$2,579$1,764
14 years$4,100$3,548$3,061$2,634$2,260$1,493
15 years$3,787$3,241$2,764$2,349$1,990$1,268
16 years$3,513$2,974$2,506$2,103$1,759$1,081
17 years$3,272$2,739$2,280$1,890$1,560$923
18 years$3,058$2,531$2,082$1,703$1,387$791
19 years$2,867$2,345$1,906$1,539$1,236$678
20 years$2,695$2,180$1,749$1,394$1,104$583
21 years$2,540$2,030$1,609$1,265$988$501
22 years$2,399$1,895$1,483$1,150$886$432
23 years$2,270$1,772$1,369$1,047$795$372
24 years$2,153$1,661$1,266$955$715$321
25 years$2,044$1,558$1,173$872$643$277
26 years$1,945$1,465$1,088$798$579$240
27 years$1,853$1,378$1,010$730$522$207
28 years$1,767$1,299$939$669$471$179
29 years$1,688$1,225$874$613$425$155
30 years$1,614$1,157$814$563$384$134
31 years$1,545$1,094$759$517$348$116
32 years$1,481$1,035$708$475$314$100
33 years$1,420$980$661$437$285$87
34 years$1,363$929$617$402$258$75
35 years$1,310$881$577$370$233$65
36 years$1,259$836$540$341$211$57
37 years$1,212$794$505$314$192$49
38 years$1,167$755$473$289$174$43
39 years$1,124$718$443$267$158$37
40 years$1,084$683$416$246$143$32
41 years$1,046$650$390$227$130$28
42 years$1,010$619$366$210$118$24
43 years$975$590$343$194$107$21
44 years$942$562$322$179$97$18
45 years$911$536$302$165$88$16
46 years$881$512$284$152$80$14
47 years$852$488$267$141$73$12
48 years$825$466$251$130$66$10
49 years$799$445$236$120$60$9
50 years$774$425$222$111$54$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $793,000, adding $6,977 every year, while hoping to spend $56,052 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: 38/36/26 Blend
52$793,000$793,000$793,000$793,000
53$881,083$839,054$826,762$907,513
54$911,314$820,529$794,820$908,946
55$942,751$799,217$759,929$904,809
56$975,456$774,923$721,931$899,246
57$1,009,498$747,440$680,662$892,163
58$1,044,951$716,549$635,948$883,463
59$1,081,894$682,017$587,609$873,042
60$1,120,410$643,599$535,458$860,792
61$1,160,593$601,036$479,296$846,602
62$1,202,540$554,054$418,919$830,353
63$1,246,358$502,361$354,112$811,923
64$1,292,162$445,652$284,650$791,185
65$1,340,076$383,603$210,300$768,006
66$1,390,235$315,871$130,816$742,246
67$1,442,785$242,094$45,944$713,762
68$1,497,883$161,891$0$682,404
69$1,555,701$74,858$0$660,399
70$1,616,425$0$0$649,612
71$1,680,257$0$0$644,894
72$1,747,417$0$0$671,168
73$1,818,145$0$0$698,878
74$1,892,700$0$0$728,130
75$1,971,367$0$0$759,042
76$2,054,454$0$0$791,742
77$2,142,300$0$0$826,367
78$2,235,272$0$0$863,072
79$2,333,772$0$0$902,022
80$2,438,241$0$0$943,398
81$2,549,157$0$0$987,400
82$2,667,047$0$0$1,034,244
83$2,792,485$0$0$1,084,170
84$2,926,099$0$0$1,137,439
85$3,068,579$0$0$1,194,335
86$3,220,678$0$0$1,255,172
87$3,383,223$0$0$1,320,293
88$3,557,120$0$0$1,390,076
89$3,743,361$0$0$1,464,932
90$3,943,037$0$0$1,545,315
91$4,157,342$0$0$1,631,723
92$4,387,588$0$0$1,724,700
93$4,635,215$0$0$1,824,848
94$4,901,802$0$0$1,932,824
95$5,189,085$0$0$2,049,351
96$5,498,971$0$0$2,175,225
97$5,833,555$0$0$2,311,318
98$6,195,137$0$0$2,458,591
99$6,586,248$0$0$2,618,098
100$7,009,666$0$0$2,791,000