Can I retire at age 53 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$65,981$65,393$64,820$64,260$63,713$61,699
2 years$32,664$32,055$31,466$30,894$30,340$28,328
3 years$21,559$20,949$20,360$19,794$19,249$17,303
4 years$16,008$15,399$14,817$14,261$13,728$11,864
5 years$12,679$12,073$11,499$10,954$10,436$8,658
6 years$10,460$9,859$9,293$8,760$8,258$6,568
7 years$8,875$8,279$7,722$7,202$6,716$5,113
8 years$7,687$7,097$6,549$6,041$5,571$4,055
9 years$6,764$6,179$5,641$5,146$4,692$3,261
10 years$6,026$5,447$4,918$4,436$3,998$2,649
11 years$5,422$4,849$4,329$3,860$3,438$2,170
12 years$4,919$4,352$3,842$3,386$2,979$1,788
13 years$4,494$3,933$3,433$2,989$2,598$1,482
14 years$4,131$3,575$3,084$2,654$2,278$1,233
15 years$3,815$3,266$2,785$2,367$2,005$1,029
16 years$3,540$2,996$2,525$2,119$1,772$861
17 years$3,297$2,759$2,298$1,904$1,571$723
18 years$3,081$2,550$2,097$1,716$1,397$607
19 years$2,889$2,363$1,920$1,550$1,245$511
20 years$2,716$2,196$1,762$1,404$1,112$431
21 years$2,559$2,045$1,621$1,274$995$364
22 years$2,417$1,909$1,494$1,159$892$307
23 years$2,287$1,786$1,379$1,055$801$260
24 years$2,169$1,673$1,276$962$720$220
25 years$2,060$1,570$1,181$879$648$186
26 years$1,960$1,476$1,096$804$584$157
27 years$1,867$1,389$1,017$736$526$133
28 years$1,781$1,309$946$674$475$113
29 years$1,701$1,235$880$618$429$96
30 years$1,626$1,166$820$567$387$81
31 years$1,557$1,102$764$521$350$69
32 years$1,492$1,043$713$479$317$58
33 years$1,431$988$666$440$287$50
34 years$1,374$936$622$405$260$42
35 years$1,320$888$582$373$235$36
36 years$1,269$843$544$343$213$30
37 years$1,221$800$509$316$193$26
38 years$1,176$761$477$292$175$22
39 years$1,133$723$447$269$159$18
40 years$1,092$688$419$248$144$16
41 years$1,054$655$393$229$131$13
42 years$1,017$624$368$211$119$11
43 years$982$594$346$195$108$10
44 years$949$567$324$180$98$8
45 years$918$540$305$166$89$7
46 years$888$515$286$154$80$6
47 years$859$492$269$142$73$5
48 years$831$470$253$131$66$4
49 years$805$448$237$121$60$4
50 years$780$428$223$112$55$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $799,000, adding $5,132 every year, while hoping to spend $51,483 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: 69/14/17 Blend
52$799,000$799,000$799,000$799,000
53$885,792$843,445$831,060$942,981
54$921,365$829,996$804,123$968,304
55$958,841$814,163$774,558$989,424
56$998,360$795,774$742,223$1,011,239
57$1,040,074$774,648$706,969$1,033,813
58$1,084,149$750,593$668,640$1,057,217
59$1,130,766$723,406$627,073$1,081,530
60$1,180,124$692,873$582,099$1,106,842
61$1,232,437$658,764$533,541$1,133,252
62$1,287,943$620,840$481,211$1,160,871
63$1,346,898$578,847$424,917$1,189,826
64$1,409,586$532,515$364,456$1,220,255
65$1,476,316$481,560$299,617$1,252,314
66$1,547,425$425,681$230,179$1,286,179
67$1,623,283$364,560$155,911$1,322,043
68$1,704,296$297,862$76,573$1,360,124
69$1,790,910$225,233$0$1,400,663
70$1,883,610$146,297$0$1,445,399
71$1,982,931$60,658$0$1,508,081
72$2,089,460$0$0$1,575,190
73$2,203,840$0$0$1,652,094
74$2,326,775$0$0$1,744,827
75$2,459,042$0$0$1,844,631
76$2,601,490$0$0$1,952,152
77$2,755,054$0$0$2,068,102
78$2,920,761$0$0$2,193,258
79$3,099,737$0$0$2,328,477
80$3,293,222$0$0$2,474,701
81$3,502,578$0$0$2,632,965
82$3,729,301$0$0$2,804,406
83$3,975,039$0$0$2,990,275
84$4,241,600$0$0$3,191,947
85$4,530,976$0$0$3,410,934
86$4,845,355$0$0$3,648,900
87$5,187,145$0$0$3,907,675
88$5,558,996$0$0$4,189,272
89$5,963,823$0$0$4,495,908
90$6,404,834$0$0$4,830,019
91$6,885,558$0$0$5,194,289
92$7,409,879$0$0$5,591,670
93$7,982,074$0$0$6,025,412
94$8,606,849$0$0$6,499,093
95$9,289,386$0$0$7,016,650
96$10,035,387$0$0$7,582,420
97$10,851,132$0$0$8,201,175
98$11,743,536$0$0$8,878,172
99$12,720,211$0$0$9,619,198
100$13,789,540$0$0$10,430,625