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%14.8%
1 years$65,650$65,066$64,495$63,938$63,394$62,140
2 years$32,500$31,895$31,308$30,740$30,188$28,929
3 years$21,452$20,844$20,259$19,695$19,152$17,929
4 years$15,928$15,322$14,743$14,189$13,660$12,481
5 years$12,615$12,013$11,441$10,899$10,384$9,253
6 years$10,407$9,809$9,246$8,716$8,216$7,135
7 years$8,831$8,238$7,684$7,166$6,682$5,650
8 years$7,649$7,061$6,516$6,011$5,543$4,560
9 years$6,730$6,148$5,613$5,120$4,668$3,734
10 years$5,996$5,419$4,893$4,414$3,978$3,091
11 years$5,395$4,825$4,308$3,841$3,421$2,580
12 years$4,895$4,330$3,823$3,369$2,965$2,169
13 years$4,472$3,913$3,416$2,975$2,585$1,834
14 years$4,110$3,557$3,069$2,640$2,266$1,557
15 years$3,796$3,249$2,771$2,355$1,995$1,328
16 years$3,522$2,981$2,512$2,108$1,763$1,135
17 years$3,281$2,746$2,286$1,894$1,564$973
18 years$3,066$2,537$2,087$1,707$1,390$837
19 years$2,874$2,351$1,910$1,543$1,239$720
20 years$2,702$2,185$1,753$1,397$1,107$621
21 years$2,546$2,035$1,613$1,268$990$536
22 years$2,405$1,900$1,486$1,153$888$464
23 years$2,276$1,777$1,372$1,050$797$401
24 years$2,158$1,665$1,269$958$716$348
25 years$2,050$1,562$1,176$875$645$301
26 years$1,950$1,468$1,090$800$581$261
27 years$1,857$1,382$1,012$732$523$227
28 years$1,772$1,302$941$671$472$197
29 years$1,692$1,228$876$615$427$171
30 years$1,618$1,160$816$564$385$149
31 years$1,549$1,097$761$518$348$129
32 years$1,484$1,038$710$476$315$112
33 years$1,424$983$663$438$285$98
34 years$1,367$931$619$403$258$85
35 years$1,313$883$579$371$234$74
36 years$1,263$838$541$342$212$64
37 years$1,215$796$507$315$192$56
38 years$1,170$757$475$290$174$49
39 years$1,127$720$445$268$158$42
40 years$1,087$685$417$247$143$37
41 years$1,049$652$391$228$130$32
42 years$1,012$621$367$210$118$28
43 years$978$591$344$194$107$24
44 years$945$564$323$179$97$21
45 years$913$538$303$165$88$18
46 years$883$513$285$153$80$16
47 years$855$489$268$141$73$14
48 years$827$467$251$130$66$12
49 years$801$446$236$121$60$11
50 years$776$426$222$111$54$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $795,000, adding $3,071 every year, while hoping to spend $41,380 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: 47/47/6 Blend
52$795,000$795,000$795,000$795,000
53$879,258$837,123$824,800$919,044
54$924,914$834,114$808,403$943,635
55$973,840$829,570$790,070$965,701
56$1,026,327$823,374$769,692$988,671
57$1,082,691$815,398$747,155$1,012,642
58$1,143,282$805,510$722,342$1,037,722
59$1,208,484$793,566$695,127$1,064,031
60$1,278,716$779,418$665,381$1,091,705
61$1,354,442$762,906$632,968$1,120,898
62$1,436,169$743,862$597,746$1,151,780
63$1,524,454$722,108$559,566$1,184,543
64$1,619,911$697,454$518,274$1,219,402
65$1,723,213$669,700$473,708$1,256,598
66$1,835,102$638,636$425,698$1,296,399
67$1,956,391$604,038$374,068$1,339,107
68$2,087,976$565,669$318,632$1,385,057
69$2,230,841$523,279$259,198$1,434,623
70$2,386,071$476,603$195,565$1,488,226
71$2,554,855$425,362$127,522$1,546,330
72$2,738,507$369,261$54,850$1,609,456
73$2,938,467$307,987$0$1,678,182
74$3,156,322$241,211$0$1,754,608
75$3,393,820$168,583$0$1,841,838
76$3,652,883$89,737$0$1,937,173
77$3,935,627$4,283$0$2,041,516
78$4,244,380$0$0$2,155,871
79$4,581,706$0$0$2,326,964
80$4,950,428$0$0$2,516,488
81$5,353,654$0$0$2,723,837
82$5,794,804$0$0$2,950,782
83$6,277,647$0$0$3,199,272
84$6,806,330$0$0$3,471,455
85$7,385,423$0$0$3,769,695
86$8,019,956$0$0$4,096,597
87$8,715,470$0$0$4,455,027
88$9,478,066$0$0$4,848,146
89$10,314,467$0$0$5,279,432
90$11,232,074$0$0$5,752,718
91$12,239,041$0$0$6,272,225
92$13,344,349$0$0$6,842,602
93$14,557,892$0$0$7,468,972
94$15,890,568$0$0$8,156,977
95$17,354,381$0$0$8,912,833
96$18,962,557$0$0$9,743,387
97$20,729,665$0$0$10,656,184
98$22,671,755$0$0$11,659,533
99$24,806,510$0$0$12,762,591
100$27,153,410$0$0$13,975,445