Can I retire at age 53 with 797,000?

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 $797,000?

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$65,816$65,229$64,657$64,099$63,554$62,296
2 years$32,582$31,975$31,387$30,817$30,264$29,002
3 years$21,506$20,896$20,309$19,745$19,201$17,974
4 years$15,968$15,361$14,780$14,225$13,694$12,512
5 years$12,647$12,043$11,470$10,926$10,410$9,276
6 years$10,433$9,834$9,269$8,738$8,237$7,153
7 years$8,853$8,259$7,703$7,184$6,699$5,664
8 years$7,668$7,079$6,533$6,026$5,557$4,572
9 years$6,747$6,164$5,627$5,133$4,680$3,743
10 years$6,011$5,433$4,905$4,425$3,988$3,098
11 years$5,409$4,837$4,319$3,851$3,430$2,587
12 years$4,907$4,341$3,833$3,378$2,972$2,175
13 years$4,483$3,923$3,424$2,982$2,592$1,838
14 years$4,120$3,566$3,077$2,647$2,272$1,561
15 years$3,806$3,258$2,778$2,361$2,000$1,331
16 years$3,531$2,989$2,519$2,114$1,768$1,138
17 years$3,289$2,753$2,292$1,899$1,568$976
18 years$3,074$2,544$2,092$1,712$1,394$839
19 years$2,882$2,357$1,915$1,547$1,242$722
20 years$2,709$2,191$1,758$1,401$1,110$623
21 years$2,553$2,040$1,617$1,271$993$538
22 years$2,411$1,905$1,490$1,156$890$465
23 years$2,282$1,781$1,376$1,053$799$402
24 years$2,163$1,669$1,272$960$718$349
25 years$2,055$1,566$1,178$877$646$302
26 years$1,955$1,472$1,093$802$582$262
27 years$1,862$1,385$1,015$734$525$227
28 years$1,776$1,305$944$672$474$197
29 years$1,697$1,232$878$617$428$172
30 years$1,622$1,163$818$566$386$149
31 years$1,553$1,099$762$520$349$130
32 years$1,488$1,040$711$478$316$113
33 years$1,427$985$664$439$286$98
34 years$1,370$934$621$404$259$85
35 years$1,316$886$580$372$234$74
36 years$1,266$841$543$343$212$65
37 years$1,218$798$508$316$193$56
38 years$1,173$759$476$291$175$49
39 years$1,130$721$446$268$158$43
40 years$1,090$686$418$247$144$37
41 years$1,051$653$392$228$130$32
42 years$1,015$622$367$211$118$28
43 years$980$593$345$194$107$24
44 years$947$565$324$180$97$21
45 years$915$539$304$166$88$19
46 years$885$514$285$153$80$16
47 years$857$491$268$142$73$14
48 years$829$468$252$131$66$12
49 years$803$447$237$121$60$11
50 years$778$427$223$112$55$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $797,000, adding $5,537 every year, while hoping to spend $20,437 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: 74/6/20 Blend
52$797,000$797,000$797,000$797,000
53$884,005$841,764$829,411$944,822
54$952,429$861,266$835,451$1,005,434
55$1,027,147$881,038$841,009$1,068,816
56$1,108,780$901,073$846,047$1,137,749
57$1,198,010$921,360$850,524$1,212,779
58$1,295,591$941,890$854,400$1,294,511
59$1,402,348$962,651$857,630$1,383,610
60$1,519,196$983,628$860,168$1,480,810
61$1,647,137$1,004,809$861,967$1,586,918
62$1,787,276$1,026,176$862,975$1,702,825
63$1,940,832$1,047,713$863,138$1,829,511
64$2,109,146$1,069,399$862,402$1,968,057
65$2,293,693$1,091,214$860,707$2,119,653
66$2,496,101$1,113,134$857,991$2,285,613
67$2,718,160$1,135,135$854,191$2,467,382
68$2,961,844$1,157,189$849,238$2,666,553
69$3,229,327$1,179,266$843,063$2,884,883
70$3,523,003$1,201,334$835,589$3,124,306
71$3,845,508$1,223,358$826,740$3,386,956
72$4,199,748$1,245,301$816,434$3,675,181
73$4,588,924$1,267,122$804,586$3,991,573
74$5,016,560$1,288,778$791,107$4,338,984
75$5,486,542$1,310,221$775,902$4,720,560
76$6,003,149$1,331,401$758,874$5,139,767
77$6,571,094$1,352,263$739,920$5,600,426
78$7,195,572$1,372,750$718,933$6,106,746
79$7,882,305$1,392,800$695,802$6,663,366
80$8,637,597$1,412,344$670,408$7,275,399
81$9,468,394$1,431,311$642,630$7,948,481
82$10,382,351$1,449,626$612,338$8,688,820
83$11,387,899$1,467,206$579,400$9,503,261
84$12,494,329$1,483,963$543,674$10,399,347
85$13,711,878$1,499,805$505,015$11,385,388
86$15,051,826$1,514,632$463,269$12,470,545
87$16,526,600$1,528,337$418,276$13,664,914
88$18,149,895$1,540,807$369,871$14,979,620
89$19,936,801$1,551,923$317,877$16,426,926
90$21,903,942$1,561,555$262,114$18,020,343
91$24,069,640$1,569,567$202,390$19,774,764
92$26,454,081$1,575,813$138,508$21,706,600
93$29,079,509$1,580,140$70,261$23,833,939
94$31,970,436$1,582,383$0$26,176,714
95$35,153,868$1,582,368$0$28,757,441
96$38,659,567$1,579,909$0$31,615,817
97$42,520,328$1,574,809$0$34,763,563
98$46,772,287$1,566,861$0$38,230,135
99$51,455,265$1,555,842$0$42,047,990
100$56,613,142$1,541,517$0$46,252,897