Can I retire at age 53 with 799,000?

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 $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%12.7%
1 years$65,981$65,393$64,820$64,260$63,713$62,996
2 years$32,664$32,055$31,466$30,894$30,340$29,617
3 years$21,559$20,949$20,360$19,794$19,249$18,544
4 years$16,008$15,399$14,817$14,261$13,728$13,046
5 years$12,679$12,073$11,499$10,954$10,436$9,779
6 years$10,460$9,859$9,293$8,760$8,258$7,627
7 years$8,875$8,279$7,722$7,202$6,716$6,111
8 years$7,687$7,097$6,549$6,041$5,571$4,992
9 years$6,764$6,179$5,641$5,146$4,692$4,139
10 years$6,026$5,447$4,918$4,436$3,998$3,470
11 years$5,422$4,849$4,329$3,860$3,438$2,936
12 years$4,919$4,352$3,842$3,386$2,979$2,501
13 years$4,494$3,933$3,433$2,989$2,598$2,144
14 years$4,131$3,575$3,084$2,654$2,278$1,847
15 years$3,815$3,266$2,785$2,367$2,005$1,597
16 years$3,540$2,996$2,525$2,119$1,772$1,386
17 years$3,297$2,759$2,298$1,904$1,571$1,206
18 years$3,081$2,550$2,097$1,716$1,397$1,052
19 years$2,889$2,363$1,920$1,550$1,245$920
20 years$2,716$2,196$1,762$1,404$1,112$806
21 years$2,559$2,045$1,621$1,274$995$707
22 years$2,417$1,909$1,494$1,159$892$621
23 years$2,287$1,786$1,379$1,055$801$546
24 years$2,169$1,673$1,276$962$720$481
25 years$2,060$1,570$1,181$879$648$424
26 years$1,960$1,476$1,096$804$584$374
27 years$1,867$1,389$1,017$736$526$330
28 years$1,781$1,309$946$674$475$292
29 years$1,701$1,235$880$618$429$258
30 years$1,626$1,166$820$567$387$228
31 years$1,557$1,102$764$521$350$202
32 years$1,492$1,043$713$479$317$178
33 years$1,431$988$666$440$287$158
34 years$1,374$936$622$405$260$140
35 years$1,320$888$582$373$235$124
36 years$1,269$843$544$343$213$110
37 years$1,221$800$509$316$193$97
38 years$1,176$761$477$292$175$86
39 years$1,133$723$447$269$159$76
40 years$1,092$688$419$248$144$68
41 years$1,054$655$393$229$131$60
42 years$1,017$624$368$211$119$53
43 years$982$594$346$195$108$47
44 years$949$567$324$180$98$42
45 years$918$540$305$166$89$37
46 years$888$515$286$154$80$33
47 years$859$492$269$142$73$29
48 years$831$470$253$131$66$26
49 years$805$448$237$121$60$23
50 years$780$428$223$112$55$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $799,000, adding $5,522 every year, while hoping to spend $51,214 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: 58/28/14 Blend
52$799,000$799,000$799,000$799,000
53$886,194$843,847$831,462$934,137
54$922,094$830,704$804,825$954,037
55$959,940$815,201$775,579$969,575
56$999,876$797,167$743,583$985,311
57$1,042,059$776,424$708,688$1,001,273
58$1,086,660$752,780$670,741$1,017,491
59$1,133,868$726,035$629,579$1,034,003
60$1,183,886$695,974$585,033$1,050,854
61$1,236,939$662,374$536,928$1,068,094
62$1,293,270$624,994$485,079$1,085,783
63$1,353,148$583,582$429,293$1,103,990
64$1,416,864$537,872$369,369$1,122,794
65$1,484,738$487,582$305,097$1,142,288
66$1,557,121$432,414$236,258$1,162,575
67$1,634,397$372,051$162,622$1,183,776
68$1,716,986$306,162$83,950$1,206,027
69$1,805,349$234,395$0$1,229,483
70$1,899,992$156,378$0$1,254,323
71$2,001,470$71,719$0$1,294,128
72$2,110,390$0$0$1,336,611
73$2,227,420$0$0$1,388,233
74$2,353,293$0$0$1,467,569
75$2,488,813$0$0$1,553,036
76$2,634,864$0$0$1,645,199
77$2,792,417$0$0$1,744,674
78$2,962,537$0$0$1,852,144
79$3,146,395$0$0$1,968,355
80$3,345,281$0$0$2,094,130
81$3,560,608$0$0$2,230,371
82$3,793,933$0$0$2,378,072
83$4,046,966$0$0$2,538,325
84$4,321,590$0$0$2,712,331
85$4,619,873$0$0$2,901,411
86$4,944,091$0$0$3,107,019
87$5,296,749$0$0$3,330,753
88$5,680,602$0$0$3,574,372
89$6,098,680$0$0$3,839,813
90$6,554,320$0$0$4,129,206
91$7,051,193$0$0$4,444,896
92$7,593,339$0$0$4,789,463
93$8,185,207$0$0$5,165,748
94$8,831,691$0$0$5,576,879
95$9,538,182$0$0$6,026,298
96$10,310,613$0$0$6,517,796
97$11,155,518$0$0$7,055,547
98$12,080,089$0$0$7,644,146
99$13,092,248$0$0$8,288,653
100$14,200,717$0$0$8,994,641