Can I retire at age 53 with 775,000?

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 $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$63,999$63,429$62,873$62,330$61,800$60,111
2 years$31,683$31,093$30,521$29,966$29,428$27,739
3 years$20,912$20,319$19,749$19,200$18,671$17,034
4 years$15,528$14,937$14,372$13,832$13,316$11,744
5 years$12,298$11,711$11,153$10,624$10,123$8,621
6 years$10,145$9,563$9,014$8,496$8,010$6,578
7 years$8,609$8,031$7,490$6,985$6,514$5,154
8 years$7,456$6,884$6,352$5,860$5,404$4,114
9 years$6,561$5,994$5,471$4,991$4,551$3,330
10 years$5,845$5,283$4,770$4,303$3,878$2,724
11 years$5,259$4,703$4,199$3,745$3,335$2,247
12 years$4,772$4,221$3,727$3,284$2,890$1,866
13 years$4,359$3,815$3,330$2,900$2,520$1,557
14 years$4,006$3,468$2,992$2,574$2,209$1,305
15 years$3,701$3,168$2,701$2,296$1,945$1,098
16 years$3,434$2,906$2,449$2,055$1,719$927
17 years$3,198$2,677$2,229$1,847$1,524$784
18 years$2,989$2,473$2,034$1,664$1,355$664
19 years$2,802$2,292$1,862$1,504$1,208$564
20 years$2,634$2,130$1,709$1,362$1,079$479
21 years$2,482$1,984$1,572$1,236$966$408
22 years$2,344$1,852$1,449$1,124$866$347
23 years$2,219$1,732$1,338$1,024$777$296
24 years$2,104$1,623$1,237$934$698$253
25 years$1,998$1,523$1,146$853$628$216
26 years$1,901$1,431$1,063$780$566$184
27 years$1,811$1,347$987$714$510$158
28 years$1,727$1,269$917$654$460$135
29 years$1,650$1,198$854$600$416$115
30 years$1,578$1,131$795$550$376$99
31 years$1,510$1,069$741$505$340$84
32 years$1,447$1,012$692$464$307$72
33 years$1,388$958$646$427$278$62
34 years$1,332$908$603$393$252$53
35 years$1,280$861$564$362$228$45
36 years$1,231$817$528$333$207$39
37 years$1,184$776$494$307$187$33
38 years$1,140$738$463$283$170$28
39 years$1,099$702$433$261$154$24
40 years$1,060$667$406$241$140$21
41 years$1,022$635$381$222$127$18
42 years$987$605$357$205$115$15
43 years$953$577$335$189$104$13
44 years$921$550$315$175$95$11
45 years$890$524$296$161$86$10
46 years$861$500$278$149$78$8
47 years$833$477$261$138$71$7
48 years$807$455$245$127$64$6
49 years$781$435$230$118$58$5
50 years$757$415$217$109$53$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $775,000, adding $6,406 every year, while hoping to spend $56,770 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: 73/12/15 Blend
52$775,000$775,000$775,000$775,000
53$860,658$819,583$807,570$920,163
54$888,042$799,340$774,221$940,195
55$916,317$776,202$737,852$954,553
56$945,513$749,967$698,302$968,774
57$975,663$720,423$655,402$982,831
58$1,006,799$687,343$608,977$996,697
59$1,038,958$650,488$558,843$1,010,340
60$1,072,175$609,605$504,808$1,023,728
61$1,106,489$564,427$446,671$1,036,828
62$1,141,938$514,672$384,222$1,049,603
63$1,178,565$460,040$317,242$1,062,015
64$1,216,412$400,215$245,503$1,074,024
65$1,255,525$334,865$168,767$1,085,588
66$1,295,951$263,636$86,783$1,096,662
67$1,337,741$186,157$0$1,107,200
68$1,380,945$102,033$0$1,117,264
69$1,425,619$10,851$0$1,141,519
70$1,471,820$0$0$1,166,053
71$1,519,608$0$0$1,202,453
72$1,569,047$0$0$1,241,594
73$1,620,204$0$0$1,282,098
74$1,673,149$0$0$1,324,019
75$1,727,956$0$0$1,367,417
76$1,784,704$0$0$1,412,355
77$1,843,476$0$0$1,458,899
78$1,904,360$0$0$1,507,118
79$1,967,448$0$0$1,557,087
80$2,032,841$0$0$1,608,885
81$2,100,641$0$0$1,662,595
82$2,170,962$0$0$1,718,305
83$2,243,921$0$0$1,776,111
84$2,319,645$0$0$1,836,114
85$2,398,268$0$0$1,898,419
86$2,479,935$0$0$1,963,144
87$2,564,798$0$0$2,030,409
88$2,653,023$0$0$2,100,347
89$2,744,784$0$0$2,173,098
90$2,840,272$0$0$2,248,812
91$2,939,689$0$0$2,327,652
92$3,043,251$0$0$2,409,792
93$3,151,195$0$0$2,495,419
94$3,263,770$0$0$2,584,735
95$3,381,250$0$0$2,677,956
96$3,503,927$0$0$2,775,318
97$3,632,117$0$0$2,877,073
98$3,766,162$0$0$2,983,495
99$3,906,432$0$0$3,094,881
100$4,053,328$0$0$3,211,550