Can I retire at age 53 with 795,000?

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 $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%12.9%
1 years$65,650$65,066$64,495$63,938$63,394$62,628
2 years$32,500$31,895$31,308$30,740$30,188$29,417
3 years$21,452$20,844$20,259$19,695$19,152$18,400
4 years$15,928$15,322$14,743$14,189$13,660$12,932
5 years$12,615$12,013$11,441$10,899$10,384$9,684
6 years$10,407$9,809$9,246$8,716$8,216$7,544
7 years$8,831$8,238$7,684$7,166$6,682$6,038
8 years$7,649$7,061$6,516$6,011$5,543$4,927
9 years$6,730$6,148$5,613$5,120$4,668$4,080
10 years$5,996$5,419$4,893$4,414$3,978$3,417
11 years$5,395$4,825$4,308$3,841$3,421$2,887
12 years$4,895$4,330$3,823$3,369$2,965$2,457
13 years$4,472$3,913$3,416$2,975$2,585$2,103
14 years$4,110$3,557$3,069$2,640$2,266$1,809
15 years$3,796$3,249$2,771$2,355$1,995$1,562
16 years$3,522$2,981$2,512$2,108$1,763$1,354
17 years$3,281$2,746$2,286$1,894$1,564$1,177
18 years$3,066$2,537$2,087$1,707$1,390$1,025
19 years$2,874$2,351$1,910$1,543$1,239$895
20 years$2,702$2,185$1,753$1,397$1,107$783
21 years$2,546$2,035$1,613$1,268$990$686
22 years$2,405$1,900$1,486$1,153$888$602
23 years$2,276$1,777$1,372$1,050$797$528
24 years$2,158$1,665$1,269$958$716$464
25 years$2,050$1,562$1,176$875$645$409
26 years$1,950$1,468$1,090$800$581$360
27 years$1,857$1,382$1,012$732$523$317
28 years$1,772$1,302$941$671$472$280
29 years$1,692$1,228$876$615$427$247
30 years$1,618$1,160$816$564$385$218
31 years$1,549$1,097$761$518$348$192
32 years$1,484$1,038$710$476$315$170
33 years$1,424$983$663$438$285$150
34 years$1,367$931$619$403$258$133
35 years$1,313$883$579$371$234$117
36 years$1,263$838$541$342$212$104
37 years$1,215$796$507$315$192$92
38 years$1,170$757$475$290$174$81
39 years$1,127$720$445$268$158$72
40 years$1,087$685$417$247$143$64
41 years$1,049$652$391$228$130$56
42 years$1,012$621$367$210$118$50
43 years$978$591$344$194$107$44
44 years$945$564$323$179$97$39
45 years$913$538$303$165$88$35
46 years$883$513$285$153$80$31
47 years$855$489$268$141$73$27
48 years$827$467$251$130$66$24
49 years$801$446$236$121$60$21
50 years$776$426$222$111$54$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $795,000, adding $6,169 every year, while hoping to spend $36,741 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: 44/36/20 Blend
52$795,000$795,000$795,000$795,000
53$882,453$840,318$827,996$915,928
54$933,371$842,402$816,642$942,204
55$988,252$843,356$803,675$966,579
56$1,047,460$843,087$789,005$992,242
57$1,111,397$841,494$772,533$1,019,328
58$1,180,504$838,472$754,157$1,047,991
59$1,255,266$833,907$733,772$1,078,400
60$1,336,215$827,681$711,266$1,110,748
61$1,423,939$819,667$686,523$1,145,245
62$1,519,080$809,730$659,420$1,182,128
63$1,622,347$797,728$629,832$1,221,661
64$1,734,520$783,510$597,625$1,264,138
65$1,856,455$766,916$562,659$1,309,884
66$1,989,095$747,777$524,791$1,359,263
67$2,133,479$725,914$483,867$1,412,680
68$2,290,746$701,136$439,729$1,470,583
69$2,462,154$673,244$392,211$1,533,472
70$2,649,084$642,023$341,141$1,601,900
71$2,853,059$607,251$286,338$1,676,484
72$3,075,753$568,688$227,612$1,757,907
73$3,319,010$526,083$164,767$1,846,927
74$3,584,859$479,172$97,596$1,944,386
75$3,875,535$427,671$25,886$2,051,216
76$4,193,498$371,286$0$2,168,453
77$4,541,457$309,701$0$2,308,049
78$4,922,395$242,586$0$2,467,067
79$5,339,596$169,590$0$2,641,437
80$5,796,678$90,343$0$2,832,773
81$6,297,624$4,455$0$3,042,858
82$6,846,823$0$0$3,273,664
83$7,449,104$0$0$3,562,422
84$8,109,792$0$0$3,881,216
85$8,834,747$0$0$4,231,124
86$9,630,427$0$0$4,615,275
87$10,503,944$0$0$5,037,115
88$11,463,134$0$0$5,500,441
89$12,516,625$0$0$6,009,437
90$13,673,927$0$0$6,568,712
91$14,945,513$0$0$7,183,341
92$16,342,922$0$0$7,858,918
93$17,878,864$0$0$8,601,604
94$19,567,345$0$0$9,418,189
95$21,423,793$0$0$10,316,150
96$23,465,207$0$0$11,303,729
97$25,710,315$0$0$12,390,003
98$28,179,752$0$0$13,584,977
99$30,896,251$0$0$14,899,670
100$33,884,861$0$0$16,346,226