Can I retire at age 53 with 797,000?

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 $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%13.3%
1 years$65,816$65,229$64,657$64,099$63,554$62,682
2 years$32,582$31,975$31,387$30,817$30,264$29,387
3 years$21,506$20,896$20,309$19,745$19,201$18,346
4 years$15,968$15,361$14,780$14,225$13,694$12,868
5 years$12,647$12,043$11,470$10,926$10,410$9,615
6 years$10,433$9,834$9,269$8,738$8,237$7,475
7 years$8,853$8,259$7,703$7,184$6,699$5,969
8 years$7,668$7,079$6,533$6,026$5,557$4,860
9 years$6,747$6,164$5,627$5,133$4,680$4,015
10 years$6,011$5,433$4,905$4,425$3,988$3,354
11 years$5,409$4,837$4,319$3,851$3,430$2,827
12 years$4,907$4,341$3,833$3,378$2,972$2,399
13 years$4,483$3,923$3,424$2,982$2,592$2,048
14 years$4,120$3,566$3,077$2,647$2,272$1,757
15 years$3,806$3,258$2,778$2,361$2,000$1,514
16 years$3,531$2,989$2,519$2,114$1,768$1,308
17 years$3,289$2,753$2,292$1,899$1,568$1,134
18 years$3,074$2,544$2,092$1,712$1,394$985
19 years$2,882$2,357$1,915$1,547$1,242$857
20 years$2,709$2,191$1,758$1,401$1,110$748
21 years$2,553$2,040$1,617$1,271$993$653
22 years$2,411$1,905$1,490$1,156$890$571
23 years$2,282$1,781$1,376$1,053$799$500
24 years$2,163$1,669$1,272$960$718$438
25 years$2,055$1,566$1,178$877$646$384
26 years$1,955$1,472$1,093$802$582$337
27 years$1,862$1,385$1,015$734$525$296
28 years$1,776$1,305$944$672$474$261
29 years$1,697$1,232$878$617$428$229
30 years$1,622$1,163$818$566$386$202
31 years$1,553$1,099$762$520$349$177
32 years$1,488$1,040$711$478$316$156
33 years$1,427$985$664$439$286$138
34 years$1,370$934$621$404$259$121
35 years$1,316$886$580$372$234$107
36 years$1,266$841$543$343$212$94
37 years$1,218$798$508$316$193$83
38 years$1,173$759$476$291$175$73
39 years$1,130$721$446$268$158$64
40 years$1,090$686$418$247$144$57
41 years$1,051$653$392$228$130$50
42 years$1,015$622$367$211$118$44
43 years$980$593$345$194$107$39
44 years$947$565$324$180$97$34
45 years$915$539$304$166$88$30
46 years$885$514$285$153$80$27
47 years$857$491$268$142$73$24
48 years$829$468$252$131$66$21
49 years$803$447$237$121$60$18
50 years$778$427$223$112$55$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $797,000, adding $5,266 every year, while hoping to spend $39,053 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: 55/38/7 Blend
52$797,000$797,000$797,000$797,000
53$883,726$841,485$829,131$930,624
54$932,314$841,166$815,355$962,570
55$984,549$839,522$799,809$992,550
56$1,040,762$836,447$782,391$1,024,239
57$1,101,316$831,829$762,997$1,057,805
58$1,166,610$825,549$741,518$1,093,433
59$1,237,082$817,479$717,836$1,131,330
60$1,313,214$807,484$691,833$1,171,726
61$1,395,534$795,424$663,383$1,214,876
62$1,484,626$781,147$632,353$1,261,064
63$1,581,127$764,492$598,606$1,310,602
64$1,685,740$745,291$561,998$1,363,839
65$1,799,240$723,364$522,379$1,421,162
66$1,922,475$698,522$479,592$1,482,999
67$2,056,382$670,564$433,472$1,549,825
68$2,201,988$639,276$383,848$1,622,166
69$2,360,425$604,435$330,542$1,700,606
70$2,532,939$565,803$273,365$1,785,791
71$2,720,899$523,128$212,123$1,878,438
72$2,925,814$476,144$146,612$1,979,339
73$3,149,342$424,571$76,619$2,089,374
74$3,393,311$368,111$1,922$2,209,515
75$3,659,731$306,450$0$2,340,840
76$3,950,815$239,258$0$2,490,350
77$4,269,000$166,183$0$2,654,085
78$4,616,969$86,857$0$2,833,381
79$4,997,675$889$0$3,029,871
80$5,414,372$0$0$3,245,364
81$5,870,640$0$0$3,520,381
82$6,370,423$0$0$3,822,109
83$6,918,065$0$0$4,152,806
84$7,518,349$0$0$4,515,371
85$8,176,544$0$0$4,912,995
86$8,898,451$0$0$5,349,194
87$9,690,461$0$0$5,827,841
88$10,559,613$0$0$6,353,199
89$11,513,662$0$0$6,929,969
90$12,561,149$0$0$7,563,324
91$13,711,482$0$0$8,258,966
92$14,975,025$0$0$9,023,175
93$16,363,196$0$0$9,862,870
94$17,888,574$0$0$10,785,673
95$19,565,014$0$0$11,799,981
96$21,407,783$0$0$12,915,045
97$23,433,699$0$0$14,141,056
98$25,661,292$0$0$15,489,244
99$28,110,976$0$0$16,971,979
100$30,805,243$0$0$18,602,893