Can I retire at age 53 with 781,000?

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 $781,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$64,494$63,920$63,359$62,812$62,278$60,723
2 years$31,928$31,333$30,757$30,198$29,656$28,100
3 years$21,074$20,477$19,902$19,348$18,815$17,305
4 years$15,648$15,052$14,483$13,939$13,419$11,968
5 years$12,393$11,801$11,240$10,707$10,201$8,812
6 years$10,224$9,637$9,083$8,562$8,072$6,747
7 years$8,675$8,093$7,548$7,040$6,564$5,304
8 years$7,514$6,937$6,402$5,905$5,446$4,249
9 years$6,612$6,040$5,514$5,030$4,586$3,451
10 years$5,890$5,324$4,807$4,336$3,908$2,834
11 years$5,300$4,740$4,232$3,774$3,361$2,347
12 years$4,809$4,254$3,756$3,310$2,912$1,956
13 years$4,393$3,844$3,356$2,922$2,540$1,639
14 years$4,037$3,494$3,015$2,594$2,226$1,380
15 years$3,729$3,192$2,722$2,313$1,960$1,166
16 years$3,460$2,929$2,468$2,071$1,732$988
17 years$3,223$2,697$2,246$1,861$1,536$839
18 years$3,012$2,492$2,050$1,677$1,366$714
19 years$2,824$2,310$1,877$1,516$1,217$609
20 years$2,654$2,147$1,722$1,373$1,087$520
21 years$2,501$1,999$1,584$1,246$973$445
22 years$2,363$1,866$1,460$1,133$872$381
23 years$2,236$1,746$1,348$1,032$783$326
24 years$2,120$1,636$1,247$941$704$280
25 years$2,014$1,535$1,155$859$633$240
26 years$1,915$1,443$1,071$786$570$206
27 years$1,825$1,358$995$719$514$177
28 years$1,741$1,279$925$659$464$152
29 years$1,663$1,207$860$604$419$131
30 years$1,590$1,140$801$554$379$112
31 years$1,522$1,077$747$509$342$97
32 years$1,458$1,019$697$468$310$83
33 years$1,399$965$651$430$280$71
34 years$1,343$915$608$396$254$61
35 years$1,290$868$569$365$230$53
36 years$1,240$824$532$336$208$46
37 years$1,194$782$498$309$189$39
38 years$1,149$744$466$285$171$34
39 years$1,107$707$437$263$155$29
40 years$1,068$673$409$242$141$25
41 years$1,030$640$384$224$128$22
42 years$994$610$360$206$116$19
43 years$960$581$338$191$105$16
44 years$928$554$317$176$95$14
45 years$897$528$298$163$87$12
46 years$868$504$280$150$79$10
47 years$840$481$263$139$71$9
48 years$813$459$247$128$65$8
49 years$787$438$232$118$59$7
50 years$763$419$218$109$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $781,000, adding $5,597 every year, while hoping to spend $50,413 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: 76/16/8 Blend
52$781,000$781,000$781,000$781,000
53$866,435$825,042$812,937$930,837
54$901,173$811,830$786,531$960,761
55$937,764$796,281$757,551$986,549
56$976,344$778,228$725,858$1,013,364
57$1,017,062$757,491$691,305$1,041,287
58$1,060,078$733,885$653,740$1,070,409
59$1,105,570$707,209$613,004$1,100,833
60$1,153,729$677,253$568,930$1,132,668
61$1,204,764$643,793$521,344$1,166,041
62$1,258,906$606,595$470,065$1,201,087
63$1,316,405$565,409$414,903$1,237,961
64$1,377,535$519,971$355,659$1,276,831
65$1,442,597$470,002$292,126$1,317,884
66$1,511,918$415,209$224,089$1,361,330
67$1,585,859$355,279$151,321$1,407,397
68$1,664,812$289,884$73,586$1,456,342
69$1,749,211$218,676$0$1,508,448
70$1,839,528$141,288$0$1,564,828
71$1,936,282$57,334$0$1,631,785
72$2,040,042$0$0$1,703,440
73$2,151,433$0$0$1,786,158
74$2,271,140$0$0$1,885,920
75$2,399,916$0$0$1,993,261
76$2,538,586$0$0$2,108,873
77$2,688,057$0$0$2,233,515
78$2,849,326$0$0$2,368,021
79$3,023,488$0$0$2,513,307
80$3,211,745$0$0$2,670,381
81$3,415,421$0$0$2,840,348
82$3,635,968$0$0$3,024,426
83$3,874,984$0$0$3,223,953
84$4,134,226$0$0$3,440,399
85$4,415,627$0$0$3,675,381
86$4,721,312$0$0$3,930,680
87$5,053,618$0$0$4,208,253
88$5,415,117$0$0$4,510,252
89$5,808,639$0$0$4,839,047
90$6,237,298$0$0$5,197,244
91$6,704,520$0$0$5,587,713
92$7,214,075$0$0$6,013,611
93$7,770,114$0$0$6,478,413
94$8,377,206$0$0$6,985,944
95$9,040,379$0$0$7,540,415
96$9,765,170$0$0$8,146,463
97$10,557,673$0$0$8,809,190
98$11,424,600$0$0$9,534,218
99$12,373,340$0$0$10,327,732
100$13,412,030$0$0$11,196,547