Can I retire at age 53 with 794,000?

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 $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%18.8%
1 years$65,568$64,984$64,414$63,858$63,315$61,068
2 years$32,459$31,855$31,269$30,701$30,150$27,911
3 years$21,425$20,817$20,233$19,670$19,128$16,966
4 years$15,908$15,303$14,724$14,171$13,642$11,575
5 years$12,599$11,998$11,427$10,885$10,371$8,402
6 years$10,394$9,797$9,235$8,705$8,206$6,339
7 years$8,820$8,228$7,674$7,157$6,674$4,907
8 years$7,639$7,053$6,508$6,004$5,536$3,869
9 years$6,722$6,141$5,605$5,114$4,663$3,092
10 years$5,988$5,413$4,887$4,408$3,973$2,496
11 years$5,388$4,818$4,302$3,836$3,417$2,031
12 years$4,889$4,325$3,818$3,365$2,961$1,663
13 years$4,466$3,908$3,411$2,971$2,582$1,369
14 years$4,105$3,553$3,065$2,637$2,263$1,131
15 years$3,791$3,245$2,767$2,352$1,993$937
16 years$3,518$2,978$2,509$2,106$1,761$779
17 years$3,276$2,742$2,283$1,892$1,562$649
18 years$3,062$2,534$2,084$1,705$1,389$541
19 years$2,871$2,348$1,908$1,541$1,238$452
20 years$2,699$2,182$1,751$1,395$1,105$378
21 years$2,543$2,033$1,611$1,266$989$317
22 years$2,402$1,897$1,484$1,151$887$265
23 years$2,273$1,775$1,371$1,049$796$223
24 years$2,155$1,663$1,268$956$715$187
25 years$2,047$1,560$1,174$873$644$157
26 years$1,947$1,467$1,089$799$580$132
27 years$1,855$1,380$1,011$731$523$111
28 years$1,770$1,301$940$670$472$93
29 years$1,690$1,227$875$614$426$78
30 years$1,616$1,159$815$564$385$66
31 years$1,547$1,095$760$518$348$55
32 years$1,483$1,036$709$476$315$47
33 years$1,422$981$662$438$285$39
34 years$1,365$930$618$403$258$33
35 years$1,312$882$578$371$234$28
36 years$1,261$837$541$341$212$23
37 years$1,213$795$506$314$192$20
38 years$1,168$756$474$290$174$17
39 years$1,126$719$444$267$158$14
40 years$1,086$684$416$247$143$12
41 years$1,047$651$390$227$130$10
42 years$1,011$620$366$210$118$8
43 years$976$591$344$194$107$7
44 years$943$563$322$179$97$6
45 years$912$537$303$165$88$5
46 years$882$512$284$153$80$4
47 years$854$489$267$141$73$3
48 years$826$467$251$130$66$3
49 years$800$446$236$120$60$2
50 years$775$426$222$111$54$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $794,000, adding $2,980 every year, while hoping to spend $59,044 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: 54/37/9 Blend
52$794,000$794,000$794,000$794,000
53$878,062$835,980$823,673$923,366
54$904,802$814,121$788,444$932,540
55$932,290$789,211$750,055$935,810
56$960,541$761,040$708,339$937,963
57$989,569$729,383$663,121$938,904
58$1,019,385$694,003$614,215$938,531
59$1,050,002$654,649$561,432$936,737
60$1,081,431$611,056$504,568$933,407
61$1,113,682$562,943$443,417$928,419
62$1,146,764$510,013$377,758$921,642
63$1,180,685$451,954$307,363$912,939
64$1,215,449$388,435$231,994$902,161
65$1,251,061$319,104$151,402$889,153
66$1,287,521$243,592$65,326$873,748
67$1,324,830$161,510$0$855,768
68$1,362,982$72,443$0$837,573
69$1,401,971$0$0$823,274
70$1,441,786$0$0$816,196
71$1,482,412$0$0$839,055
72$1,523,828$0$0$862,344
73$1,566,011$0$0$886,046
74$1,608,929$0$0$910,141
75$1,652,545$0$0$934,606
76$1,696,814$0$0$959,413
77$1,741,684$0$0$984,528
78$1,787,092$0$0$1,009,914
79$1,832,965$0$0$1,035,526
80$1,879,221$0$0$1,061,312
81$1,925,763$0$0$1,087,214
82$1,972,480$0$0$1,113,163
83$2,019,247$0$0$1,139,083
84$2,065,919$0$0$1,164,887
85$2,112,334$0$0$1,190,476
86$2,158,308$0$0$1,215,738
87$2,203,632$0$0$1,240,548
88$2,248,073$0$0$1,264,764
89$2,291,365$0$0$1,288,226
90$2,333,215$0$0$1,310,758
91$2,373,289$0$0$1,332,158
92$2,411,217$0$0$1,352,203
93$2,446,582$0$0$1,370,645
94$2,478,922$0$0$1,387,203
95$2,507,718$0$0$1,401,569
96$2,532,393$0$0$1,413,395
97$2,552,305$0$0$1,422,296
98$2,566,740$0$0$1,427,845
99$2,574,900$0$0$1,429,565
100$2,575,903$0$0$1,426,926