Can I retire at age 53 with 778,000?

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 $778,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$64,247$63,674$63,116$62,571$62,039$61,036
2 years$31,805$31,213$30,639$30,082$29,542$28,535
3 years$20,993$20,398$19,825$19,274$18,743$17,762
4 years$15,588$14,995$14,428$13,886$13,368$12,421
5 years$12,346$11,756$11,197$10,666$10,162$9,252
6 years$10,185$9,600$9,048$8,529$8,041$7,169
7 years$8,642$8,062$7,519$7,012$6,539$5,706
8 years$7,485$6,910$6,377$5,883$5,425$4,629
9 years$6,586$6,017$5,492$5,011$4,569$3,811
10 years$5,867$5,303$4,788$4,319$3,893$3,172
11 years$5,280$4,721$4,216$3,759$3,348$2,663
12 years$4,790$4,238$3,741$3,297$2,901$2,252
13 years$4,376$3,830$3,343$2,911$2,530$1,915
14 years$4,022$3,481$3,003$2,584$2,218$1,636
15 years$3,715$3,180$2,712$2,304$1,953$1,404
16 years$3,447$2,918$2,458$2,063$1,726$1,208
17 years$3,210$2,687$2,237$1,854$1,530$1,042
18 years$3,000$2,483$2,042$1,671$1,361$902
19 years$2,813$2,301$1,870$1,510$1,213$781
20 years$2,644$2,138$1,716$1,367$1,083$678
21 years$2,492$1,992$1,578$1,241$969$590
22 years$2,353$1,859$1,455$1,128$869$514
23 years$2,227$1,739$1,343$1,028$780$448
24 years$2,112$1,629$1,242$937$701$390
25 years$2,006$1,529$1,150$856$631$341
26 years$1,908$1,437$1,067$783$568$298
27 years$1,818$1,352$991$716$512$260
28 years$1,734$1,274$921$656$462$228
29 years$1,656$1,202$857$602$417$199
30 years$1,584$1,135$798$552$377$174
31 years$1,516$1,073$744$507$341$153
32 years$1,453$1,016$694$466$308$134
33 years$1,393$962$648$429$279$117
34 years$1,338$911$606$394$253$103
35 years$1,285$865$566$363$229$90
36 years$1,236$821$530$334$207$79
37 years$1,189$779$496$308$188$69
38 years$1,145$741$464$284$170$61
39 years$1,103$704$435$262$155$53
40 years$1,064$670$408$242$140$47
41 years$1,026$638$382$223$127$41
42 years$991$607$359$206$115$36
43 years$957$579$337$190$105$32
44 years$924$552$316$175$95$28
45 years$894$526$297$162$86$24
46 years$864$502$279$150$78$21
47 years$836$479$262$138$71$19
48 years$810$457$246$128$65$16
49 years$784$437$231$118$59$14
50 years$760$417$217$109$53$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $778,000, adding $4,430 every year, while hoping to spend $42,109 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: 48/36/16 Blend
52$778,000$778,000$778,000$778,000
53$861,926$820,692$808,633$899,237
54$905,038$816,102$790,918$920,932
55$951,137$809,876$771,199$939,806
56$1,000,483$801,889$749,363$959,386
57$1,053,359$792,009$725,295$979,752
58$1,110,081$780,096$698,871$1,000,999
59$1,170,990$766,002$669,964$1,023,230
60$1,236,464$749,569$638,441$1,046,563
61$1,306,916$730,631$604,161$1,071,132
62$1,382,801$709,011$566,980$1,097,085
63$1,464,617$684,524$526,745$1,124,592
64$1,552,913$656,970$483,296$1,153,841
65$1,648,291$626,142$436,467$1,185,045
66$1,751,412$591,819$386,084$1,218,442
67$1,863,004$553,765$331,965$1,254,297
68$1,983,866$511,736$273,922$1,292,910
69$2,114,877$465,468$211,755$1,334,614
70$2,257,004$414,685$145,258$1,379,782
71$2,411,310$359,096$74,216$1,428,830
72$2,578,964$298,392$0$1,482,224
73$2,761,253$232,247$0$1,540,755
74$2,959,590$160,317$0$1,618,266
75$3,175,534$82,238$0$1,702,761
76$3,410,797$0$0$1,795,000
77$3,667,265$0$0$1,896,767
78$3,947,012$0$0$2,043,386
79$4,252,323$0$0$2,203,484
80$4,585,710$0$0$2,378,389
81$4,949,943$0$0$2,569,564
82$5,348,066$0$0$2,778,620
83$5,783,435$0$0$3,007,328
84$6,259,742$0$0$3,257,642
85$6,781,055$0$0$3,531,709
86$7,351,849$0$0$3,831,898
87$7,977,057$0$0$4,160,815
88$8,662,110$0$0$4,521,330
89$9,412,986$0$0$4,916,605
90$10,236,273$0$0$5,350,123
91$11,139,224$0$0$5,825,718
92$12,129,831$0$0$6,347,615
93$13,216,893$0$0$6,920,467
94$14,410,105$0$0$7,549,400
95$15,720,145$0$0$8,240,060
96$17,158,776$0$0$8,998,667
97$18,738,955$0$0$9,832,073
98$20,474,956$0$0$10,747,826
99$22,382,506$0$0$11,754,241
100$24,478,927$0$0$12,860,480