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%13.7%
1 years$65,650$65,066$64,495$63,938$63,394$62,421
2 years$32,500$31,895$31,308$30,740$30,188$29,210
3 years$21,452$20,844$20,259$19,695$19,152$18,200
4 years$15,928$15,322$14,743$14,189$13,660$12,740
5 years$12,615$12,013$11,441$10,899$10,384$9,500
6 years$10,407$9,809$9,246$8,716$8,216$7,369
7 years$8,831$8,238$7,684$7,166$6,682$5,871
8 years$7,649$7,061$6,516$6,011$5,543$4,769
9 years$6,730$6,148$5,613$5,120$4,668$3,930
10 years$5,996$5,419$4,893$4,414$3,978$3,276
11 years$5,395$4,825$4,308$3,841$3,421$2,754
12 years$4,895$4,330$3,823$3,369$2,965$2,331
13 years$4,472$3,913$3,416$2,975$2,585$1,985
14 years$4,110$3,557$3,069$2,640$2,266$1,699
15 years$3,796$3,249$2,771$2,355$1,995$1,459
16 years$3,522$2,981$2,512$2,108$1,763$1,257
17 years$3,281$2,746$2,286$1,894$1,564$1,087
18 years$3,066$2,537$2,087$1,707$1,390$941
19 years$2,874$2,351$1,910$1,543$1,239$817
20 years$2,702$2,185$1,753$1,397$1,107$710
21 years$2,546$2,035$1,613$1,268$990$619
22 years$2,405$1,900$1,486$1,153$888$539
23 years$2,276$1,777$1,372$1,050$797$471
24 years$2,158$1,665$1,269$958$716$411
25 years$2,050$1,562$1,176$875$645$360
26 years$1,950$1,468$1,090$800$581$315
27 years$1,857$1,382$1,012$732$523$276
28 years$1,772$1,302$941$671$472$241
29 years$1,692$1,228$876$615$427$212
30 years$1,618$1,160$816$564$385$186
31 years$1,549$1,097$761$518$348$163
32 years$1,484$1,038$710$476$315$143
33 years$1,424$983$663$438$285$125
34 years$1,367$931$619$403$258$110
35 years$1,313$883$579$371$234$97
36 years$1,263$838$541$342$212$85
37 years$1,215$796$507$315$192$75
38 years$1,170$757$475$290$174$66
39 years$1,127$720$445$268$158$58
40 years$1,087$685$417$247$143$51
41 years$1,049$652$391$228$130$44
42 years$1,012$621$367$210$118$39
43 years$978$591$344$194$107$34
44 years$945$564$323$179$97$30
45 years$913$538$303$165$88$27
46 years$883$513$285$153$80$23
47 years$855$489$268$141$73$21
48 years$827$467$251$130$66$18
49 years$801$446$236$121$60$16
50 years$776$426$222$111$54$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $795,000, adding $6,534 every year, while hoping to spend $47,588 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: 64/24/12 Blend
52$795,000$795,000$795,000$795,000
53$882,830$840,695$828,372$936,484
54$922,245$831,256$805,490$963,719
55$964,086$819,759$780,245$987,333
56$1,008,549$806,054$752,510$1,011,935
57$1,055,851$789,980$722,149$1,037,621
58$1,106,227$771,368$689,020$1,064,498
59$1,159,936$750,039$652,975$1,092,684
60$1,217,260$725,802$613,861$1,122,312
61$1,278,510$698,456$571,515$1,153,530
62$1,344,027$667,788$525,769$1,186,504
63$1,414,182$633,574$476,447$1,221,417
64$1,489,384$595,575$423,363$1,258,477
65$1,570,082$553,539$366,327$1,297,911
66$1,656,767$507,199$305,136$1,339,975
67$1,749,981$456,275$239,581$1,384,954
68$1,850,315$400,469$169,444$1,433,163
69$1,958,421$339,466$94,494$1,484,954
70$2,075,015$272,935$14,494$1,540,719
71$2,200,881$200,523$0$1,600,893
72$2,336,883$121,861$0$1,675,035
73$2,483,970$36,557$0$1,757,177
74$2,643,185$0$0$1,846,093
75$2,815,674$0$0$1,957,217
76$3,002,698$0$0$2,088,220
77$3,205,643$0$0$2,230,422
78$3,426,033$0$0$2,384,900
79$3,665,546$0$0$2,552,834
80$3,926,026$0$0$2,735,524
81$4,209,502$0$0$2,934,402
82$4,518,208$0$0$3,151,040
83$4,854,602$0$0$3,387,171
84$5,221,386$0$0$3,644,702
85$5,621,539$0$0$3,925,730
86$6,058,336$0$0$4,232,564
87$6,535,383$0$0$4,567,748
88$7,056,650$0$0$4,934,079
89$7,626,509$0$0$5,334,640
90$8,249,771$0$0$5,772,822
91$8,931,734$0$0$6,252,361
92$9,678,232$0$0$6,777,371
93$10,495,691$0$0$7,352,381
94$11,391,184$0$0$7,982,378
95$12,372,503$0$0$8,672,858
96$13,448,228$0$0$9,429,868
97$14,627,809$0$0$10,260,074
98$15,921,655$0$0$11,170,814
99$17,341,231$0$0$12,170,173
100$18,899,164$0$0$13,267,054