Can I retire at age 53 with 771,000?

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 $771,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$63,668$63,101$62,548$62,008$61,481$59,252
2 years$31,519$30,932$30,363$29,812$29,276$27,056
3 years$20,804$20,214$19,647$19,101$18,574$16,431
4 years$15,447$14,860$14,298$13,761$13,247$11,198
5 years$12,234$11,650$11,096$10,570$10,070$8,121
6 years$10,093$9,513$8,967$8,453$7,968$6,119
7 years$8,564$7,989$7,452$6,949$6,480$4,732
8 years$7,418$6,848$6,320$5,830$5,376$3,726
9 years$6,527$5,963$5,443$4,966$4,527$2,974
10 years$5,815$5,256$4,745$4,280$3,858$2,398
11 years$5,232$4,679$4,178$3,725$3,318$1,949
12 years$4,747$4,200$3,708$3,268$2,875$1,594
13 years$4,337$3,795$3,313$2,885$2,507$1,310
14 years$3,986$3,450$2,976$2,561$2,198$1,080
15 years$3,682$3,151$2,687$2,284$1,935$894
16 years$3,416$2,891$2,436$2,045$1,710$742
17 years$3,182$2,663$2,217$1,837$1,516$617
18 years$2,973$2,461$2,024$1,656$1,348$514
19 years$2,788$2,280$1,853$1,496$1,202$429
20 years$2,620$2,119$1,700$1,355$1,073$358
21 years$2,469$1,974$1,564$1,230$961$299
22 years$2,332$1,842$1,441$1,118$861$251
23 years$2,207$1,723$1,331$1,018$773$210
24 years$2,093$1,615$1,231$929$695$176
25 years$1,988$1,515$1,140$848$625$147
26 years$1,891$1,424$1,057$776$563$124
27 years$1,801$1,340$982$710$508$104
28 years$1,718$1,263$913$650$458$87
29 years$1,641$1,191$849$596$414$73
30 years$1,569$1,125$791$547$374$61
31 years$1,502$1,064$738$503$338$51
32 years$1,440$1,006$688$462$306$43
33 years$1,381$953$643$425$277$36
34 years$1,325$903$600$391$250$30
35 years$1,274$857$561$360$227$26
36 years$1,225$813$525$331$206$22
37 years$1,178$772$491$305$186$18
38 years$1,135$734$460$281$169$15
39 years$1,093$698$431$260$153$13
40 years$1,054$664$404$239$139$11
41 years$1,017$632$379$221$126$9
42 years$982$602$355$204$114$8
43 years$948$574$334$188$104$6
44 years$916$547$313$174$94$5
45 years$886$521$294$160$86$4
46 years$857$497$276$148$78$4
47 years$829$475$259$137$71$3
48 years$802$453$244$127$64$3
49 years$777$433$229$117$58$2
50 years$753$413$215$108$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $771,000, adding $3,210 every year, while hoping to spend $46,092 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: 60/26/14 Blend
52$771,000$771,000$771,000$771,000
53$852,953$812,090$800,140$900,974
54$890,913$802,841$777,903$924,449
55$931,200$791,594$753,376$944,592
56$974,002$778,202$726,434$965,468
57$1,019,527$762,511$696,947$987,152
58$1,068,000$744,355$664,775$1,009,728
59$1,119,668$723,560$629,778$1,033,294
60$1,174,802$699,943$591,803$1,057,955
61$1,233,700$673,308$550,696$1,083,832
62$1,296,685$643,448$506,293$1,111,060
63$1,364,116$610,145$458,422$1,139,791
64$1,436,381$573,169$406,905$1,170,195
65$1,513,912$532,274$351,556$1,202,461
66$1,597,178$487,202$292,180$1,236,804
67$1,686,695$437,680$228,574$1,273,459
68$1,783,032$383,420$160,524$1,312,694
69$1,886,810$324,116$87,811$1,354,804
70$1,998,713$259,447$10,201$1,400,120
71$2,119,493$189,071$0$1,449,013
72$2,249,976$112,630$0$1,512,741
73$2,391,068$29,743$0$1,583,246
74$2,543,766$0$0$1,659,553
75$2,709,168$0$0$1,759,433
76$2,888,477$0$0$1,876,989
77$3,083,020$0$0$2,004,585
78$3,294,253$0$0$2,143,184
79$3,523,780$0$0$2,293,846
80$3,773,365$0$0$2,457,735
81$4,044,947$0$0$2,636,133
82$4,340,662$0$0$2,830,450
83$4,662,858$0$0$3,042,239
84$5,014,121$0$0$3,273,208
85$5,397,296$0$0$3,525,236
86$5,815,514$0$0$3,800,393
87$6,272,223$0$0$4,100,957
88$6,771,217$0$0$4,429,435
89$7,316,675$0$0$4,788,589
90$7,913,195$0$0$5,181,458
91$8,565,841$0$0$5,611,390
92$9,280,192$0$0$6,082,070
93$10,062,385$0$0$6,597,555
94$10,919,185$0$0$7,162,317
95$11,858,037$0$0$7,781,276
96$12,887,142$0$0$8,459,854
97$14,015,532$0$0$9,204,020
98$15,253,157$0$0$10,020,351
99$16,610,972$0$0$10,916,090
100$18,101,048$0$0$11,899,215