Can I retire at age 53 with 796,000?

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 $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%13.8%
1 years$65,733$65,147$64,576$64,019$63,474$62,474
2 years$32,541$31,935$31,348$30,778$30,226$29,221
3 years$21,479$20,870$20,284$19,720$19,176$18,198
4 years$15,948$15,342$14,762$14,207$13,677$12,732
5 years$12,631$12,028$11,456$10,912$10,397$9,489
6 years$10,420$9,822$9,258$8,727$8,227$7,356
7 years$8,842$8,248$7,693$7,175$6,691$5,858
8 years$7,659$7,070$6,525$6,019$5,550$4,756
9 years$6,739$6,156$5,620$5,127$4,674$3,917
10 years$6,003$5,426$4,899$4,419$3,983$3,262
11 years$5,402$4,831$4,313$3,846$3,425$2,741
12 years$4,901$4,336$3,828$3,373$2,968$2,319
13 years$4,478$3,918$3,420$2,978$2,588$1,974
14 years$4,115$3,562$3,073$2,644$2,269$1,687
15 years$3,801$3,254$2,774$2,358$1,998$1,448
16 years$3,527$2,985$2,515$2,111$1,766$1,247
17 years$3,285$2,749$2,289$1,897$1,566$1,077
18 years$3,070$2,540$2,089$1,709$1,392$932
19 years$2,878$2,354$1,913$1,545$1,241$809
20 years$2,705$2,188$1,755$1,399$1,108$703
21 years$2,549$2,038$1,615$1,270$992$611
22 years$2,408$1,902$1,488$1,154$889$533
23 years$2,279$1,779$1,374$1,051$798$465
24 years$2,161$1,667$1,271$959$717$406
25 years$2,052$1,564$1,177$876$645$354
26 years$1,952$1,470$1,092$801$581$310
27 years$1,860$1,384$1,014$733$524$271
28 years$1,774$1,304$942$671$473$237
29 years$1,694$1,230$877$616$427$208
30 years$1,620$1,162$817$565$386$182
31 years$1,551$1,098$761$519$349$160
32 years$1,486$1,039$710$477$316$140
33 years$1,426$984$663$439$286$123
34 years$1,368$933$620$404$259$108
35 years$1,315$885$579$372$234$94
36 years$1,264$840$542$342$212$83
37 years$1,217$797$507$315$192$73
38 years$1,171$758$475$291$174$64
39 years$1,129$721$445$268$158$56
40 years$1,088$686$417$247$143$49
41 years$1,050$653$391$228$130$43
42 years$1,013$622$367$210$118$38
43 years$979$592$344$194$107$33
44 years$946$564$323$179$97$29
45 years$914$538$304$166$88$26
46 years$884$513$285$153$80$23
47 years$856$490$268$141$73$20
48 years$828$468$252$131$66$17
49 years$802$447$237$121$60$15
50 years$777$427$222$112$55$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $796,000, adding $5,867 every year, while hoping to spend $23,788 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: 70/7/23 Blend
52$796,000$796,000$796,000$796,000
53$883,244$841,056$828,718$939,584
54$948,024$856,957$831,170$993,895
55$1,018,615$872,841$832,906$1,049,993
56$1,095,584$888,680$833,879$1,110,829
57$1,179,556$904,447$834,035$1,176,870
58$1,271,217$920,112$833,322$1,248,631
59$1,371,325$935,641$831,683$1,326,679
60$1,480,714$951,001$829,058$1,411,642
61$1,600,300$966,153$825,384$1,504,209
62$1,731,092$981,057$820,596$1,605,141
63$1,874,204$995,669$814,627$1,715,276
64$2,030,860$1,009,943$807,403$1,835,538
65$2,202,407$1,023,830$798,851$1,966,946
66$2,390,330$1,037,276$788,890$2,110,622
67$2,596,265$1,050,223$777,439$2,267,804
68$2,822,012$1,062,612$764,411$2,439,857
69$3,069,555$1,074,377$749,717$2,628,284
70$3,341,077$1,085,450$733,260$2,834,742
71$3,638,985$1,095,755$714,942$3,061,059
72$3,965,929$1,105,214$694,660$3,309,248
73$4,324,827$1,113,744$672,305$3,581,530
74$4,718,897$1,121,254$647,764$3,880,352
75$5,151,678$1,127,650$620,919$4,208,410
76$5,627,075$1,132,830$591,645$4,568,679
77$6,149,384$1,136,686$559,813$4,964,435
78$6,723,342$1,139,105$525,287$5,399,291
79$7,354,166$1,139,963$487,927$5,877,229
80$8,047,602$1,139,133$447,584$6,402,638
81$8,809,983$1,136,476$404,103$6,980,356
82$9,648,285$1,131,847$357,324$7,615,714
83$10,570,193$1,125,091$307,078$8,314,592
84$11,584,177$1,116,045$253,189$9,083,466
85$12,699,565$1,104,533$195,474$9,929,479
86$13,926,638$1,090,372$133,739$10,860,501
87$15,276,722$1,073,367$67,786$11,885,207
88$16,762,295$1,053,309$0$13,013,158
89$18,397,108$1,029,980$0$14,255,532
90$20,196,311$1,003,148$0$15,641,101
91$22,176,598$972,565$0$17,166,071
92$24,356,363$937,973$0$18,844,611
93$26,755,873$899,094$0$20,692,336
94$29,397,460$855,638$0$22,726,451
95$32,305,733$807,296$0$24,965,915
96$35,507,806$753,742$0$27,431,620
97$39,033,557$694,631$0$30,146,590
98$42,915,910$629,598$0$33,136,192
99$47,191,142$558,257$0$36,428,383
100$51,899,229$480,202$0$40,053,970