Can I retire at age 53 with 793,000?

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 $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%14.5%
1 years$65,485$64,902$64,333$63,777$63,235$62,060
2 years$32,418$31,815$31,230$30,662$30,112$28,932
3 years$21,398$20,791$20,208$19,646$19,104$17,957
4 years$15,888$15,284$14,706$14,154$13,625$12,519
5 years$12,584$11,983$11,412$10,871$10,358$9,296
6 years$10,381$9,785$9,223$8,694$8,196$7,180
7 years$8,809$8,217$7,664$7,148$6,665$5,695
8 years$7,630$7,044$6,500$5,996$5,530$4,605
9 years$6,713$6,133$5,598$5,107$4,657$3,777
10 years$5,981$5,406$4,881$4,403$3,968$3,132
11 years$5,381$4,812$4,297$3,832$3,412$2,620
12 years$4,883$4,319$3,813$3,361$2,957$2,207
13 years$4,461$3,903$3,407$2,967$2,579$1,869
14 years$4,100$3,548$3,061$2,634$2,260$1,591
15 years$3,787$3,241$2,764$2,349$1,990$1,359
16 years$3,513$2,974$2,506$2,103$1,759$1,165
17 years$3,272$2,739$2,280$1,890$1,560$1,001
18 years$3,058$2,531$2,082$1,703$1,387$862
19 years$2,867$2,345$1,906$1,539$1,236$744
20 years$2,695$2,180$1,749$1,394$1,104$643
21 years$2,540$2,030$1,609$1,265$988$556
22 years$2,399$1,895$1,483$1,150$886$482
23 years$2,270$1,772$1,369$1,047$795$418
24 years$2,153$1,661$1,266$955$715$363
25 years$2,044$1,558$1,173$872$643$316
26 years$1,945$1,465$1,088$798$579$274
27 years$1,853$1,378$1,010$730$522$239
28 years$1,767$1,299$939$669$471$208
29 years$1,688$1,225$874$613$425$181
30 years$1,614$1,157$814$563$384$158
31 years$1,545$1,094$759$517$348$137
32 years$1,481$1,035$708$475$314$120
33 years$1,420$980$661$437$285$104
34 years$1,363$929$617$402$258$91
35 years$1,310$881$577$370$233$79
36 years$1,259$836$540$341$211$69
37 years$1,212$794$505$314$192$60
38 years$1,167$755$473$289$174$53
39 years$1,124$718$443$267$158$46
40 years$1,084$683$416$246$143$40
41 years$1,046$650$390$227$130$35
42 years$1,010$619$366$210$118$31
43 years$975$590$343$194$107$27
44 years$942$562$322$179$97$23
45 years$911$536$302$165$88$20
46 years$881$512$284$152$80$18
47 years$852$488$267$141$73$16
48 years$825$466$251$130$66$14
49 years$799$445$236$120$60$12
50 years$774$425$222$111$54$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $793,000, adding $3,630 every year, while hoping to spend $43,162 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: 75/14/11 Blend
52$793,000$793,000$793,000$793,000
53$877,630$835,601$823,310$941,350
54$921,225$830,622$804,967$978,887
55$967,819$823,952$784,562$1,014,224
56$1,017,674$815,462$761,982$1,051,745
57$1,071,074$805,018$737,107$1,091,653
58$1,128,334$792,474$709,810$1,134,171
59$1,189,797$777,678$679,962$1,179,546
60$1,255,840$760,468$647,424$1,228,051
61$1,326,876$740,672$612,053$1,279,986
62$1,403,361$718,108$573,701$1,335,684
63$1,485,794$692,585$532,209$1,395,510
64$1,574,722$663,899$487,416$1,459,871
65$1,670,748$631,835$439,149$1,529,212
66$1,774,534$596,164$387,230$1,604,027
67$1,886,808$556,647$331,473$1,684,862
68$2,008,368$513,029$271,683$1,772,317
69$2,140,095$465,041$207,658$1,867,057
70$2,282,954$412,397$139,184$1,969,815
71$2,438,008$354,798$66,040$2,081,400
72$2,606,427$291,925$0$2,202,705
73$2,789,497$223,444$0$2,336,129
74$2,988,632$148,999$0$2,489,712
75$3,205,390$68,217$0$2,656,926
76$3,441,481$0$0$2,839,130
77$3,698,792$0$0$3,040,791
78$3,979,397$0$0$3,272,199
79$4,285,578$0$0$3,524,729
80$4,619,849$0$0$3,800,459
81$4,984,975$0$0$4,101,673
82$5,384,001$0$0$4,430,889
83$5,820,282$0$0$4,790,877
84$6,297,506$0$0$5,184,686
85$6,819,740$0$0$5,615,676
86$7,391,458$0$0$6,087,544
87$8,017,589$0$0$6,604,364
88$8,703,559$0$0$7,170,620
89$9,455,346$0$0$7,791,251
90$10,279,531$0$0$8,471,698
91$11,183,366$0$0$9,217,950
92$12,174,834$0$0$10,036,608
93$13,262,731$0$0$10,934,939
94$14,456,745$0$0$11,920,950
95$15,767,546$0$0$13,003,460
96$17,206,890$0$0$14,192,182
97$18,787,725$0$0$15,497,819
98$20,524,315$0$0$16,932,159
99$22,432,376$0$0$18,508,189
100$24,529,218$0$0$20,240,215