Can I retire at age 53 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$65,568$64,984$64,414$63,858$63,315$63,021
2 years$32,459$31,855$31,269$30,701$30,150$29,854
3 years$21,425$20,817$20,233$19,670$19,128$18,839
4 years$15,908$15,303$14,724$14,171$13,642$13,361
5 years$12,599$11,998$11,427$10,885$10,371$10,099
6 years$10,394$9,797$9,235$8,705$8,206$7,944
7 years$8,820$8,228$7,674$7,157$6,674$6,422
8 years$7,639$7,053$6,508$6,004$5,536$5,295
9 years$6,722$6,141$5,605$5,114$4,663$4,431
10 years$5,988$5,413$4,887$4,408$3,973$3,751
11 years$5,388$4,818$4,302$3,836$3,417$3,204
12 years$4,889$4,325$3,818$3,365$2,961$2,758
13 years$4,466$3,908$3,411$2,971$2,582$2,388
14 years$4,105$3,553$3,065$2,637$2,263$2,079
15 years$3,791$3,245$2,767$2,352$1,993$1,817
16 years$3,518$2,978$2,509$2,106$1,761$1,594
17 years$3,276$2,742$2,283$1,892$1,562$1,403
18 years$3,062$2,534$2,084$1,705$1,389$1,238
19 years$2,871$2,348$1,908$1,541$1,238$1,095
20 years$2,699$2,182$1,751$1,395$1,105$970
21 years$2,543$2,033$1,611$1,266$989$861
22 years$2,402$1,897$1,484$1,151$887$766
23 years$2,273$1,775$1,371$1,049$796$682
24 years$2,155$1,663$1,268$956$715$608
25 years$2,047$1,560$1,174$873$644$542
26 years$1,947$1,467$1,089$799$580$485
27 years$1,855$1,380$1,011$731$523$433
28 years$1,770$1,301$940$670$472$387
29 years$1,690$1,227$875$614$426$347
30 years$1,616$1,159$815$564$385$311
31 years$1,547$1,095$760$518$348$278
32 years$1,483$1,036$709$476$315$250
33 years$1,422$981$662$438$285$224
34 years$1,365$930$618$403$258$201
35 years$1,312$882$578$371$234$180
36 years$1,261$837$541$341$212$162
37 years$1,213$795$506$314$192$145
38 years$1,168$756$474$290$174$131
39 years$1,126$719$444$267$158$117
40 years$1,086$684$416$247$143$105
41 years$1,047$651$390$227$130$95
42 years$1,011$620$366$210$118$85
43 years$976$591$344$194$107$77
44 years$943$563$322$179$97$69
45 years$912$537$303$165$88$62
46 years$882$512$284$153$80$56
47 years$854$489$267$141$73$50
48 years$826$467$251$130$66$45
49 years$800$446$236$120$60$40
50 years$775$426$222$111$54$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $794,000, adding $4,070 every year, while hoping to spend $57,986 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: 62/31/7 Blend
52$794,000$794,000$794,000$794,000
53$879,186$837,104$824,797$932,244
54$907,167$816,426$790,731$947,495
55$936,057$792,790$753,581$957,018
56$965,891$765,992$713,181$965,926
57$996,699$735,813$669,360$974,158
58$1,028,517$702,023$621,938$981,650
59$1,061,380$664,376$570,727$988,334
60$1,095,325$622,616$515,531$994,137
61$1,130,392$576,468$456,146$998,983
62$1,166,622$525,644$392,356$1,002,789
63$1,204,056$469,839$323,938$1,005,469
64$1,242,739$408,731$250,660$1,006,934
65$1,282,717$341,978$172,276$1,007,085
66$1,324,040$269,220$88,533$1,005,821
67$1,366,758$190,078$0$1,003,033
68$1,410,925$104,149$0$998,672
69$1,456,597$11,010$0$999,614
70$1,503,833$0$0$999,135
71$1,552,694$0$0$1,027,752
72$1,603,247$0$0$1,061,249
73$1,655,560$0$0$1,095,915
74$1,709,705$0$0$1,131,799
75$1,765,759$0$0$1,168,953
76$1,823,803$0$0$1,207,431
77$1,883,923$0$0$1,247,289
78$1,946,209$0$0$1,288,589
79$2,010,757$0$0$1,331,395
80$2,077,669$0$0$1,375,775
81$2,147,053$0$0$1,421,802
82$2,219,024$0$0$1,469,553
83$2,293,705$0$0$1,519,112
84$2,371,226$0$0$1,570,564
85$2,451,727$0$0$1,624,004
86$2,535,356$0$0$1,679,533
87$2,622,272$0$0$1,737,256
88$2,712,645$0$0$1,797,290
89$2,806,657$0$0$1,859,755
90$2,904,504$0$0$1,924,786
91$3,006,396$0$0$1,992,523
92$3,112,559$0$0$2,063,118
93$3,223,235$0$0$2,136,735
94$3,338,685$0$0$2,213,552
95$3,459,192$0$0$2,293,758
96$3,585,059$0$0$2,377,560
97$3,716,615$0$0$2,465,180
98$3,854,215$0$0$2,556,858
99$3,998,242$0$0$2,652,854
100$4,149,115$0$0$2,753,450