Can I retire at age 53 with 772,000?

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 $772,000?

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$63,751$63,183$62,629$62,088$61,560$59,614
2 years$31,560$30,972$30,403$29,850$29,314$27,371
3 years$20,831$20,241$19,672$19,125$18,598$16,719
4 years$15,468$14,879$14,316$13,779$13,264$11,463
5 years$12,250$11,665$11,110$10,583$10,083$8,366
6 years$10,106$9,526$8,979$8,464$7,979$6,346
7 years$8,575$8,000$7,461$6,958$6,489$4,940
8 years$7,428$6,857$6,328$5,837$5,383$3,918
9 years$6,535$5,970$5,450$4,972$4,533$3,150
10 years$5,822$5,263$4,752$4,286$3,863$2,560
11 years$5,239$4,685$4,183$3,730$3,322$2,096
12 years$4,753$4,205$3,712$3,272$2,879$1,728
13 years$4,343$3,800$3,317$2,888$2,510$1,432
14 years$3,991$3,454$2,980$2,564$2,201$1,191
15 years$3,686$3,155$2,691$2,287$1,938$994
16 years$3,420$2,895$2,440$2,047$1,712$832
17 years$3,186$2,666$2,220$1,840$1,518$698
18 years$2,977$2,464$2,026$1,658$1,350$587
19 years$2,791$2,283$1,855$1,498$1,203$494
20 years$2,624$2,122$1,703$1,357$1,075$416
21 years$2,473$1,976$1,566$1,231$962$351
22 years$2,335$1,845$1,443$1,120$862$297
23 years$2,210$1,725$1,333$1,020$774$251
24 years$2,096$1,617$1,232$930$696$212
25 years$1,990$1,517$1,142$849$626$180
26 years$1,893$1,426$1,059$777$564$152
27 years$1,804$1,342$983$711$508$129
28 years$1,721$1,264$914$651$459$109
29 years$1,643$1,193$850$597$414$93
30 years$1,571$1,127$792$548$374$78
31 years$1,504$1,065$739$503$338$67
32 years$1,441$1,008$689$463$306$56
33 years$1,383$954$643$425$277$48
34 years$1,327$904$601$391$251$41
35 years$1,275$858$562$360$227$34
36 years$1,226$814$526$332$206$29
37 years$1,180$773$492$306$187$25
38 years$1,136$735$461$282$169$21
39 years$1,095$699$432$260$153$18
40 years$1,055$665$405$240$139$15
41 years$1,018$633$379$221$126$13
42 years$983$603$356$204$115$11
43 years$949$574$334$188$104$9
44 years$917$547$314$174$94$8
45 years$887$522$294$161$86$7
46 years$858$498$276$148$78$6
47 years$830$475$260$137$71$5
48 years$803$454$244$127$64$4
49 years$778$433$229$117$58$3
50 years$754$414$216$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $772,000, adding $4,168 every year, while hoping to spend $32,087 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: 30/50/20 Blend
52$772,000$772,000$772,000$772,000
53$855,043$814,127$802,161$875,228
54$908,117$819,879$794,893$896,665
55$965,530$824,838$786,307$916,537
56$1,027,689$828,930$776,323$937,238
57$1,095,044$832,078$764,860$958,858
58$1,168,088$834,200$751,834$981,501
59$1,247,366$835,209$737,153$1,005,280
60$1,333,475$835,011$720,725$1,030,325
61$1,427,071$833,509$702,451$1,056,783
62$1,528,878$830,596$682,229$1,084,816
63$1,639,691$826,163$659,951$1,114,605
64$1,760,385$820,090$635,505$1,146,357
65$1,891,924$812,254$608,773$1,180,298
66$2,035,367$802,521$579,634$1,216,686
67$2,191,880$790,751$547,958$1,255,805
68$2,362,749$776,795$513,611$1,297,974
69$2,549,386$760,494$476,454$1,343,549
70$2,753,348$741,683$436,339$1,392,926
71$2,976,347$720,183$393,114$1,446,548
72$3,220,270$695,808$346,620$1,504,906
73$3,487,194$668,359$296,688$1,568,549
74$3,779,406$637,626$243,145$1,638,087
75$4,099,423$603,388$185,808$1,714,199
76$4,450,019$565,409$124,488$1,797,639
77$4,834,249$523,442$58,986$1,889,246
78$5,255,476$477,224$0$1,989,951
79$5,717,403$426,477$0$2,103,119
80$6,224,113$370,908$0$2,241,153
81$6,780,098$310,208$0$2,392,776
82$7,390,309$244,049$0$2,559,451
83$8,060,198$172,086$0$2,742,800
84$8,795,773$93,953$0$2,944,617
85$9,603,649$9,264$0$3,166,887
86$10,491,117$0$0$3,411,805
87$11,466,204$0$0$3,727,130
88$12,537,758$0$0$4,079,382
89$13,715,524$0$0$4,466,685
90$15,010,237$0$0$4,892,586
91$16,433,727$0$0$5,360,993
92$17,999,024$0$0$5,876,212
93$19,720,487$0$0$6,442,989
94$21,613,935$0$0$7,066,549
95$23,696,796$0$0$7,752,654
96$25,988,273$0$0$8,507,649
97$28,509,525$0$0$9,338,527
98$31,283,863$0$0$10,252,991
99$34,336,975$0$0$11,259,532
100$37,697,162$0$0$12,367,503