Can I retire at age 53 with 773,000?

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 $773,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$63,834$63,265$62,710$62,169$61,640$60,845
2 years$31,601$31,012$30,442$29,889$29,352$28,552
3 years$20,858$20,267$19,698$19,150$18,622$17,842
4 years$15,488$14,898$14,335$13,797$13,282$12,527
5 years$12,266$11,680$11,125$10,597$10,096$9,371
6 years$10,119$9,538$8,990$8,475$7,989$7,292
7 years$8,586$8,010$7,471$6,967$6,497$5,830
8 years$7,437$6,866$6,336$5,845$5,390$4,752
9 years$6,544$5,978$5,457$4,978$4,539$3,930
10 years$5,830$5,269$4,758$4,291$3,868$3,287
11 years$5,246$4,691$4,189$3,735$3,326$2,774
12 years$4,759$4,210$3,717$3,276$2,882$2,358
13 years$4,348$3,805$3,321$2,892$2,514$2,016
14 years$3,996$3,459$2,984$2,567$2,203$1,731
15 years$3,691$3,160$2,694$2,290$1,940$1,493
16 years$3,425$2,899$2,443$2,050$1,715$1,292
17 years$3,190$2,670$2,223$1,842$1,520$1,122
18 years$2,981$2,467$2,029$1,660$1,352$976
19 years$2,795$2,286$1,858$1,500$1,205$851
20 years$2,627$2,125$1,705$1,359$1,076$743
21 years$2,476$1,979$1,568$1,233$963$650
22 years$2,338$1,847$1,445$1,121$863$569
23 years$2,213$1,728$1,334$1,021$775$499
24 years$2,098$1,619$1,234$931$697$438
25 years$1,993$1,519$1,143$850$627$385
26 years$1,896$1,428$1,060$778$565$338
27 years$1,806$1,344$984$712$509$298
28 years$1,723$1,266$915$652$459$262
29 years$1,646$1,194$852$598$415$231
30 years$1,573$1,128$793$549$375$203
31 years$1,506$1,066$739$504$339$179
32 years$1,443$1,009$690$463$306$158
33 years$1,384$956$644$426$277$140
34 years$1,329$906$602$392$251$123
35 years$1,277$859$563$361$227$109
36 years$1,228$815$526$332$206$96
37 years$1,181$774$493$306$187$85
38 years$1,138$736$461$282$169$75
39 years$1,096$700$432$260$154$66
40 years$1,057$666$405$240$139$58
41 years$1,020$634$380$221$126$52
42 years$984$604$356$204$115$46
43 years$950$575$334$189$104$40
44 years$918$548$314$174$94$36
45 years$888$523$295$161$86$31
46 years$859$499$277$149$78$28
47 years$831$476$260$137$71$25
48 years$804$454$244$127$64$22
49 years$779$434$230$117$58$19
50 years$755$414$216$108$53$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $773,000, adding $5,051 every year, while hoping to spend $51,653 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: 62/16/22 Blend
52$773,000$773,000$773,000$773,000
53$857,056$816,087$804,106$904,968
54$889,517$801,117$776,085$922,983
55$923,559$783,682$745,394$936,473
56$959,286$763,607$711,889$950,036
57$996,816$740,707$675,420$963,687
58$1,036,274$714,784$635,830$977,443
59$1,077,797$685,631$592,953$991,325
60$1,121,534$653,029$546,618$1,005,359
61$1,167,646$616,743$496,646$1,019,576
62$1,216,311$576,529$442,849$1,034,013
63$1,267,721$532,125$385,030$1,048,714
64$1,322,087$483,257$322,987$1,063,729
65$1,379,637$429,634$256,504$1,079,118
66$1,440,622$370,948$185,359$1,094,951
67$1,505,316$306,875$109,319$1,111,306
68$1,574,017$237,071$28,141$1,128,276
69$1,647,054$161,174$0$1,145,965
70$1,724,784$78,802$0$1,178,225
71$1,807,599$0$0$1,219,403
72$1,895,928$0$0$1,264,950
73$1,990,240$0$0$1,328,430
74$2,091,053$0$0$1,396,320
75$2,198,929$0$0$1,469,006
76$2,314,487$0$0$1,546,908
77$2,438,408$0$0$1,630,491
78$2,571,436$0$0$1,720,262
79$2,714,388$0$0$1,816,778
80$2,868,162$0$0$1,920,652
81$3,033,744$0$0$2,032,556
82$3,212,216$0$0$2,153,228
83$3,404,766$0$0$2,283,479
84$3,612,701$0$0$2,424,201
85$3,837,456$0$0$2,576,372
86$4,080,607$0$0$2,741,069
87$4,343,890$0$0$2,919,475
88$4,629,210$0$0$3,112,891
89$4,938,664$0$0$3,322,747
90$5,274,555$0$0$3,550,619
91$5,639,421$0$0$3,798,234
92$6,036,049$0$0$4,067,499
93$6,467,507$0$0$4,360,506
94$6,937,171$0$0$4,679,561
95$7,448,755$0$0$5,027,200
96$8,006,346$0$0$5,406,213
97$8,614,443$0$0$5,819,672
98$9,277,996$0$0$6,270,957
99$10,002,456$0$0$6,763,790
100$10,793,821$0$0$7,302,268