Can I retire at age 53 with 779,000?

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 $779,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$64,329$63,756$63,197$62,651$62,119$59,819
2 years$31,846$31,253$30,678$30,121$29,580$27,290
3 years$21,020$20,424$19,851$19,299$18,767$16,557
4 years$15,608$15,014$14,446$13,904$13,385$11,273
5 years$12,361$11,771$11,211$10,679$10,175$8,166
6 years$10,198$9,612$9,060$8,540$8,051$6,147
7 years$8,653$8,072$7,529$7,021$6,548$4,747
8 years$7,495$6,919$6,385$5,890$5,432$3,734
9 years$6,595$6,025$5,500$5,017$4,574$2,977
10 years$5,875$5,310$4,795$4,325$3,898$2,397
11 years$5,286$4,727$4,221$3,764$3,352$1,946
12 years$4,796$4,243$3,746$3,301$2,905$1,589
13 years$4,382$3,835$3,347$2,915$2,533$1,304
14 years$4,027$3,485$3,007$2,587$2,221$1,074
15 years$3,720$3,184$2,715$2,307$1,955$888
16 years$3,451$2,921$2,462$2,066$1,728$736
17 years$3,215$2,690$2,240$1,856$1,532$611
18 years$3,004$2,486$2,045$1,673$1,362$508
19 years$2,816$2,304$1,872$1,512$1,214$423
20 years$2,648$2,141$1,718$1,369$1,085$353
21 years$2,495$1,994$1,580$1,243$971$295
22 years$2,356$1,862$1,456$1,130$870$246
23 years$2,230$1,741$1,345$1,029$781$206
24 years$2,115$1,631$1,244$938$702$172
25 years$2,008$1,531$1,152$857$632$144
26 years$1,911$1,439$1,068$784$569$121
27 years$1,820$1,354$992$717$513$101
28 years$1,736$1,276$922$657$463$85
29 years$1,658$1,204$858$603$418$71
30 years$1,586$1,137$799$553$378$59
31 years$1,518$1,075$745$508$341$50
32 years$1,455$1,017$695$467$309$42
33 years$1,395$963$649$429$279$35
34 years$1,339$913$607$395$253$29
35 years$1,287$866$567$364$229$25
36 years$1,237$822$531$335$208$21
37 years$1,191$780$497$309$188$17
38 years$1,146$742$465$284$171$15
39 years$1,105$705$436$262$155$12
40 years$1,065$671$408$242$140$10
41 years$1,027$639$383$223$127$9
42 years$992$608$359$206$116$7
43 years$958$580$337$190$105$6
44 years$926$552$316$176$95$5
45 years$895$527$297$162$86$4
46 years$865$503$279$150$78$4
47 years$837$480$262$138$71$3
48 years$811$458$246$128$65$3
49 years$785$437$232$118$59$2
50 years$761$418$218$109$53$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $779,000, adding $4,919 every year, while hoping to spend $49,425 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: 62/30/8 Blend
52$779,000$779,000$779,000$779,000
53$863,532$822,245$810,170$915,336
54$899,024$809,947$784,723$938,260
55$936,481$795,390$756,767$957,093
56$976,049$778,411$726,166$976,392
57$1,017,890$758,838$692,777$996,201
58$1,062,181$736,487$656,451$1,016,572
59$1,109,115$711,166$617,034$1,037,563
60$1,158,901$682,670$574,361$1,059,239
61$1,211,770$650,782$528,263$1,081,676
62$1,267,974$615,274$478,563$1,104,959
63$1,327,788$575,903$425,076$1,129,184
64$1,391,513$532,412$367,606$1,154,462
65$1,459,478$484,532$305,952$1,180,916
66$1,532,047$431,976$239,903$1,208,685
67$1,609,614$374,441$169,238$1,237,926
68$1,692,613$311,607$93,727$1,268,818
69$1,781,522$243,138$13,128$1,301,559
70$1,876,861$168,675$0$1,336,372
71$1,979,204$87,844$0$1,379,732
72$2,089,179$245$0$1,427,299
73$2,207,477$0$0$1,478,289
74$2,334,855$0$0$1,564,292
75$2,472,146$0$0$1,657,119
76$2,620,263$0$0$1,757,312
77$2,780,211$0$0$1,865,557
78$2,953,092$0$0$1,982,606
79$3,140,121$0$0$2,109,286
80$3,342,630$0$0$2,246,509
81$3,562,084$0$0$2,395,274
82$3,800,096$0$0$2,556,681
83$4,058,437$0$0$2,731,939
84$4,339,057$0$0$2,922,380
85$4,644,100$0$0$3,129,467
86$4,975,925$0$0$3,354,811
87$5,337,127$0$0$3,600,183
88$5,730,562$0$0$3,867,533
89$6,159,372$0$0$4,159,008
90$6,627,016$0$0$4,476,967
91$7,137,301$0$0$4,824,011
92$7,694,416$0$0$5,203,001
93$8,302,973$0$0$5,617,087
94$8,968,051$0$0$6,069,736
95$9,695,239$0$0$6,564,766
96$10,490,693$0$0$7,106,381
97$11,361,189$0$0$7,699,208
98$12,314,190$0$0$8,348,345
99$13,357,912$0$0$9,059,404
100$14,501,406$0$0$9,838,566