Can I retire at age 53 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$65,650$65,066$64,495$63,938$63,394$61,812
2 years$32,500$31,895$31,308$30,740$30,188$28,603
3 years$21,452$20,844$20,259$19,695$19,152$17,616
4 years$15,928$15,322$14,743$14,189$13,660$12,182
5 years$12,615$12,013$11,441$10,899$10,384$8,970
6 years$10,407$9,809$9,246$8,716$8,216$6,868
7 years$8,831$8,238$7,684$7,166$6,682$5,399
8 years$7,649$7,061$6,516$6,011$5,543$4,325
9 years$6,730$6,148$5,613$5,120$4,668$3,513
10 years$5,996$5,419$4,893$4,414$3,978$2,885
11 years$5,395$4,825$4,308$3,841$3,421$2,389
12 years$4,895$4,330$3,823$3,369$2,965$1,991
13 years$4,472$3,913$3,416$2,975$2,585$1,669
14 years$4,110$3,557$3,069$2,640$2,266$1,405
15 years$3,796$3,249$2,771$2,355$1,995$1,187
16 years$3,522$2,981$2,512$2,108$1,763$1,006
17 years$3,281$2,746$2,286$1,894$1,564$854
18 years$3,066$2,537$2,087$1,707$1,390$727
19 years$2,874$2,351$1,910$1,543$1,239$620
20 years$2,702$2,185$1,753$1,397$1,107$529
21 years$2,546$2,035$1,613$1,268$990$453
22 years$2,405$1,900$1,486$1,153$888$387
23 years$2,276$1,777$1,372$1,050$797$332
24 years$2,158$1,665$1,269$958$716$285
25 years$2,050$1,562$1,176$875$645$244
26 years$1,950$1,468$1,090$800$581$210
27 years$1,857$1,382$1,012$732$523$180
28 years$1,772$1,302$941$671$472$155
29 years$1,692$1,228$876$615$427$133
30 years$1,618$1,160$816$564$385$114
31 years$1,549$1,097$761$518$348$98
32 years$1,484$1,038$710$476$315$85
33 years$1,424$983$663$438$285$73
34 years$1,367$931$619$403$258$63
35 years$1,313$883$579$371$234$54
36 years$1,263$838$541$342$212$46
37 years$1,215$796$507$315$192$40
38 years$1,170$757$475$290$174$34
39 years$1,127$720$445$268$158$30
40 years$1,087$685$417$247$143$25
41 years$1,049$652$391$228$130$22
42 years$1,012$621$367$210$118$19
43 years$978$591$344$194$107$16
44 years$945$564$323$179$97$14
45 years$913$538$303$165$88$12
46 years$883$513$285$153$80$10
47 years$855$489$268$141$73$9
48 years$827$467$251$130$66$8
49 years$801$446$236$121$60$7
50 years$776$426$222$111$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $795,000, adding $4,226 every year, while hoping to spend $33,520 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: 26/49/25 Blend
52$795,000$795,000$795,000$795,000
53$880,449$838,314$825,992$896,327
54$934,590$843,726$817,997$914,913
55$993,130$848,281$808,612$931,668
56$1,056,482$851,899$797,753$948,942
57$1,125,100$854,499$785,335$966,802
58$1,199,485$855,994$771,268$985,321
59$1,280,185$856,291$755,458$1,004,585
60$1,367,804$855,289$737,807$1,024,692
61$1,463,007$852,886$718,211$1,045,751
62$1,566,526$848,969$696,562$1,067,886
63$1,679,163$843,420$672,749$1,091,239
64$1,801,804$836,114$646,652$1,115,968
65$1,935,423$826,919$618,150$1,142,251
66$2,081,091$815,692$587,112$1,170,291
67$2,239,986$802,285$553,405$1,200,314
68$2,413,408$786,541$516,887$1,232,573
69$2,602,784$768,290$477,412$1,267,355
70$2,809,688$747,356$434,825$1,304,979
71$3,035,851$723,551$388,966$1,345,803
72$3,283,179$696,676$339,668$1,390,228
73$3,553,771$666,521$286,754$1,438,702
74$3,849,938$632,863$230,043$1,491,726
75$4,174,226$595,467$169,344$1,549,859
76$4,529,436$554,084$104,455$1,613,724
77$4,918,654$508,450$35,171$1,684,016
78$5,345,281$458,288$0$1,761,511
79$5,813,058$403,303$0$1,857,412
80$6,326,109$343,184$0$1,973,023
81$6,888,975$277,603$0$2,100,084
82$7,506,658$206,213$0$2,239,849
83$8,184,667$128,647$0$2,393,709
84$8,929,072$44,519$0$2,563,203
85$9,746,557$0$0$2,750,035
86$10,644,487$0$0$2,981,209
87$11,630,976$0$0$3,261,695
88$12,714,960$0$0$3,570,047
89$13,906,285$0$0$3,909,085
90$15,215,800$0$0$4,281,914
91$16,655,453$0$0$4,691,955
92$18,238,412$0$0$5,142,979
93$19,979,182$0$0$5,639,140
94$21,893,745$0$0$6,185,014
95$23,999,708$0$0$6,785,643
96$26,316,474$0$0$7,446,584
97$28,865,416$0$0$8,173,958
98$31,670,088$0$0$8,974,511
99$34,756,438$0$0$9,855,675
100$38,153,060$0$0$10,825,638