Can I retire at age 53 with 796,000?

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 $796,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$65,733$65,147$64,576$64,019$63,474$61,814
2 years$32,541$31,935$31,348$30,778$30,226$28,565
3 years$21,479$20,870$20,284$19,720$19,176$17,566
4 years$15,948$15,342$14,762$14,207$13,677$12,130
5 years$12,631$12,028$11,456$10,912$10,397$8,918
6 years$10,420$9,822$9,258$8,727$8,227$6,816
7 years$8,842$8,248$7,693$7,175$6,691$5,349
8 years$7,659$7,070$6,525$6,019$5,550$4,278
9 years$6,739$6,156$5,620$5,127$4,674$3,469
10 years$6,003$5,426$4,899$4,419$3,983$2,843
11 years$5,402$4,831$4,313$3,846$3,425$2,350
12 years$4,901$4,336$3,828$3,373$2,968$1,955
13 years$4,478$3,918$3,420$2,978$2,588$1,635
14 years$4,115$3,562$3,073$2,644$2,269$1,373
15 years$3,801$3,254$2,774$2,358$1,998$1,158
16 years$3,527$2,985$2,515$2,111$1,766$979
17 years$3,285$2,749$2,289$1,897$1,566$830
18 years$3,070$2,540$2,089$1,709$1,392$705
19 years$2,878$2,354$1,913$1,545$1,241$599
20 years$2,705$2,188$1,755$1,399$1,108$511
21 years$2,549$2,038$1,615$1,270$992$436
22 years$2,408$1,902$1,488$1,154$889$372
23 years$2,279$1,779$1,374$1,051$798$318
24 years$2,161$1,667$1,271$959$717$272
25 years$2,052$1,564$1,177$876$645$233
26 years$1,952$1,470$1,092$801$581$199
27 years$1,860$1,384$1,014$733$524$171
28 years$1,774$1,304$942$671$473$146
29 years$1,694$1,230$877$616$427$125
30 years$1,620$1,162$817$565$386$108
31 years$1,551$1,098$761$519$349$92
32 years$1,486$1,039$710$477$316$79
33 years$1,426$984$663$439$286$68
34 years$1,368$933$620$404$259$58
35 years$1,315$885$579$372$234$50
36 years$1,264$840$542$342$212$43
37 years$1,217$797$507$315$192$37
38 years$1,171$758$475$291$174$32
39 years$1,129$721$445$268$158$27
40 years$1,088$686$417$247$143$23
41 years$1,050$653$391$228$130$20
42 years$1,013$622$367$210$118$17
43 years$979$592$344$194$107$15
44 years$946$564$323$179$97$13
45 years$914$538$304$166$88$11
46 years$884$513$285$153$80$9
47 years$856$490$268$141$73$8
48 years$828$468$252$131$66$7
49 years$802$447$237$121$60$6
50 years$777$427$222$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $796,000, adding $3,567 every year, while hoping to spend $39,640 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: 53/38/9 Blend
52$796,000$796,000$796,000$796,000
53$880,871$838,683$826,345$925,382
54$928,544$837,602$811,851$954,917
55$979,750$835,139$795,543$982,427
56$1,034,809$831,186$777,318$1,011,417
57$1,094,070$825,625$757,069$1,042,036
58$1,157,918$818,333$734,684$1,074,448
59$1,226,774$809,180$710,044$1,108,838
60$1,301,102$798,027$683,028$1,145,409
61$1,381,412$784,727$653,506$1,184,388
62$1,468,262$769,125$621,345$1,226,027
63$1,562,268$751,056$586,403$1,270,609
64$1,664,106$730,345$548,535$1,318,443
65$1,774,521$706,807$507,587$1,369,878
66$1,894,329$680,247$463,398$1,425,297
67$2,024,430$650,459$415,801$1,485,128
68$2,165,812$617,222$364,621$1,549,845
69$2,319,565$580,306$309,676$1,619,975
70$2,486,885$539,466$250,774$1,696,102
71$2,669,090$494,442$187,718$1,778,873
72$2,867,629$444,961$120,298$1,869,006
73$3,084,096$390,733$48,297$1,967,299
74$3,320,249$331,454$0$2,074,633
75$3,578,018$266,799$0$2,194,728
76$3,859,532$196,428$0$2,331,053
77$4,167,132$119,981$0$2,480,191
78$4,503,396$37,076$0$2,643,495
79$4,871,161$0$0$2,822,462
80$5,273,555$0$0$3,040,780
81$5,714,016$0$0$3,296,799
82$6,196,336$0$0$3,577,226
83$6,724,686$0$0$3,884,497
84$7,303,661$0$0$4,221,295
85$7,938,324$0$0$4,590,575
86$8,634,247$0$0$4,995,590
87$9,397,570$0$0$5,439,926
88$10,235,056$0$0$5,927,530
89$11,154,151$0$0$6,462,750
90$12,163,060$0$0$7,050,378
91$13,270,820$0$0$7,695,688
92$14,487,386$0$0$8,404,495
93$15,823,724$0$0$9,183,201
94$17,291,916$0$0$10,038,861
95$18,905,269$0$0$10,979,245
96$20,678,447$0$0$12,012,916
97$22,627,601$0$0$13,149,306
98$24,770,527$0$0$14,398,807
99$27,126,832$0$0$15,772,867
100$29,718,115$0$0$17,284,101