Can I retire at age 53 with 777,000?

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 $777,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$64,164$63,592$63,035$62,491$61,959$61,312
2 years$31,764$31,173$30,599$30,044$29,504$28,853
3 years$20,966$20,372$19,800$19,249$18,719$18,083
4 years$15,568$14,975$14,409$13,868$13,350$12,735
5 years$12,330$11,741$11,182$10,652$10,149$9,556
6 years$10,172$9,587$9,037$8,518$8,030$7,460
7 years$8,631$8,051$7,510$7,003$6,531$5,984
8 years$7,476$6,902$6,369$5,875$5,418$4,895
9 years$6,578$6,009$5,485$5,004$4,563$4,063
10 years$5,860$5,297$4,782$4,314$3,888$3,410
11 years$5,273$4,715$4,210$3,754$3,344$2,889
12 years$4,784$4,232$3,737$3,293$2,897$2,464
13 years$4,371$3,825$3,338$2,907$2,527$2,115
14 years$4,017$3,477$3,000$2,581$2,215$1,824
15 years$3,710$3,176$2,708$2,301$1,950$1,580
16 years$3,442$2,914$2,455$2,061$1,723$1,373
17 years$3,206$2,684$2,234$1,852$1,528$1,196
18 years$2,997$2,480$2,040$1,669$1,359$1,045
19 years$2,809$2,298$1,867$1,508$1,211$915
20 years$2,641$2,136$1,714$1,366$1,082$803
21 years$2,489$1,989$1,576$1,239$968$705
22 years$2,350$1,857$1,453$1,127$868$621
23 years$2,224$1,737$1,341$1,026$779$547
24 years$2,109$1,627$1,240$936$700$482
25 years$2,003$1,527$1,149$855$630$426
26 years$1,906$1,435$1,066$782$567$376
27 years$1,815$1,351$989$715$512$332
28 years$1,732$1,273$920$655$462$294
29 years$1,654$1,201$856$601$417$260
30 years$1,582$1,134$797$552$377$231
31 years$1,514$1,072$743$507$341$204
32 years$1,451$1,014$694$466$308$181
33 years$1,391$960$648$428$279$160
34 years$1,336$910$605$394$252$142
35 years$1,283$863$566$363$229$126
36 years$1,234$820$529$334$207$112
37 years$1,187$778$495$308$188$99
38 years$1,143$740$464$284$170$88
39 years$1,102$703$435$262$154$78
40 years$1,062$669$407$241$140$70
41 years$1,025$637$382$223$127$62
42 years$989$607$358$205$115$55
43 years$955$578$336$190$105$49
44 years$923$551$316$175$95$43
45 years$892$525$296$162$86$38
46 years$863$501$278$149$78$34
47 years$835$478$261$138$71$30
48 years$809$457$246$127$65$27
49 years$783$436$231$118$59$24
50 years$759$417$217$109$53$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $777,000, adding $5,604 every year, while hoping to spend $50,100 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: 42/34/24 Blend
52$777,000$777,000$777,000$777,000
53$862,035$820,854$808,810$891,977
54$896,656$807,769$782,599$900,823
55$933,130$792,365$753,831$905,189
56$971,592$774,474$722,367$908,922
57$1,012,190$753,919$688,063$911,993
58$1,055,087$730,514$650,766$914,374
59$1,100,459$704,062$610,319$916,035
60$1,148,497$674,353$566,557$916,950
61$1,199,413$641,165$519,305$917,096
62$1,253,436$604,265$468,385$916,450
63$1,310,817$563,405$413,607$914,993
64$1,371,831$518,323$354,773$912,711
65$1,436,779$468,742$291,680$909,593
66$1,505,990$414,370$224,110$905,634
67$1,579,825$354,897$151,841$900,834
68$1,658,677$289,997$74,638$895,204
69$1,742,980$219,325$0$888,758
70$1,833,209$142,517$0$883,509
71$1,929,882$59,186$0$898,035
72$2,033,572$0$0$913,321
73$2,144,903$0$0$941,130
74$2,264,564$0$0$994,887
75$2,393,307$0$0$1,052,798
76$2,531,961$0$0$1,115,243
77$2,681,437$0$0$1,182,641
78$2,842,731$0$0$1,255,454
79$3,016,944$0$0$1,334,188
80$3,205,280$0$0$1,419,399
81$3,409,065$0$0$1,511,699
82$3,629,757$0$0$1,611,760
83$3,868,959$0$0$1,720,323
84$4,128,431$0$0$1,838,200
85$4,410,112$0$0$1,966,286
86$4,716,132$0$0$2,105,565
87$5,048,837$0$0$2,257,121
88$5,410,805$0$0$2,422,144
89$5,804,873$0$0$2,601,946
90$6,234,165$0$0$2,797,968
91$6,702,116$0$0$3,011,800
92$7,212,508$0$0$3,245,189
93$7,769,504$0$0$3,500,057
94$8,377,685$0$0$3,778,524
95$9,042,094$0$0$4,082,921
96$9,768,285$0$0$4,415,815
97$10,562,370$0$0$4,780,031
98$11,431,080$0$0$5,178,682
99$12,381,826$0$0$5,615,194
100$13,422,768$0$0$6,093,342