Can I retire at age 53 with 782,000?

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 $782,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$64,577$64,002$63,440$62,893$62,358$60,727
2 years$31,969$31,373$30,796$30,237$29,694$28,062
3 years$21,101$20,503$19,927$19,373$18,839$17,257
4 years$15,668$15,072$14,502$13,957$13,436$11,917
5 years$12,409$11,816$11,254$10,720$10,214$8,761
6 years$10,237$9,649$9,095$8,573$8,082$6,696
7 years$8,686$8,103$7,558$7,049$6,573$5,255
8 years$7,524$6,946$6,410$5,913$5,453$4,202
9 years$6,620$6,048$5,521$5,036$4,592$3,408
10 years$5,898$5,331$4,813$4,341$3,913$2,793
11 years$5,307$4,746$4,237$3,778$3,365$2,308
12 years$4,815$4,259$3,761$3,314$2,916$1,920
13 years$4,399$3,849$3,360$2,926$2,543$1,606
14 years$4,043$3,499$3,019$2,597$2,229$1,349
15 years$3,734$3,196$2,726$2,316$1,963$1,137
16 years$3,465$2,933$2,471$2,074$1,735$962
17 years$3,227$2,701$2,249$1,863$1,538$815
18 years$3,016$2,496$2,053$1,679$1,368$692
19 years$2,827$2,313$1,879$1,517$1,219$589
20 years$2,658$2,149$1,725$1,374$1,089$502
21 years$2,505$2,002$1,586$1,247$974$428
22 years$2,366$1,869$1,462$1,134$873$366
23 years$2,239$1,748$1,350$1,033$784$312
24 years$2,123$1,638$1,248$942$705$267
25 years$2,016$1,537$1,156$860$634$229
26 years$1,918$1,444$1,072$787$571$196
27 years$1,827$1,359$996$720$515$168
28 years$1,743$1,281$926$660$465$144
29 years$1,665$1,208$861$605$420$123
30 years$1,592$1,141$802$555$379$106
31 years$1,524$1,079$748$510$343$91
32 years$1,460$1,021$698$469$310$78
33 years$1,400$967$652$431$281$67
34 years$1,344$916$609$396$254$57
35 years$1,292$869$569$365$230$49
36 years$1,242$825$533$336$208$42
37 years$1,195$783$498$310$189$36
38 years$1,151$744$467$285$171$31
39 years$1,109$708$437$263$155$27
40 years$1,069$674$410$243$141$23
41 years$1,031$641$384$224$128$20
42 years$996$611$361$207$116$17
43 years$962$582$338$191$105$15
44 years$929$555$318$176$96$12
45 years$898$529$298$163$87$11
46 years$869$504$280$150$79$9
47 years$841$481$263$139$72$8
48 years$814$460$247$128$65$7
49 years$788$439$232$119$59$6
50 years$764$419$219$110$54$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $782,000, adding $4,116 every year, while hoping to spend $23,137 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: 73/14/13 Blend
52$782,000$782,000$782,000$782,000
53$866,010$824,564$812,443$926,558
54$929,725$840,350$815,042$982,954
55$999,164$856,134$816,953$1,041,456
56$1,074,886$871,891$818,128$1,104,912
57$1,157,506$887,596$818,517$1,173,806
58$1,247,703$903,219$818,068$1,248,673
59$1,346,221$918,730$816,727$1,330,100
60$1,453,884$934,095$814,434$1,418,736
61$1,571,593$949,279$811,132$1,515,295
62$1,700,346$964,244$806,754$1,620,563
63$1,841,237$978,948$801,237$1,735,408
64$1,995,474$993,348$794,509$1,860,785
65$2,164,386$1,007,395$786,499$1,997,745
66$2,349,437$1,021,041$777,130$2,147,449
67$2,552,237$1,034,230$766,321$2,311,175
68$2,774,562$1,046,904$753,990$2,490,331
69$3,018,368$1,059,003$740,049$2,686,469
70$3,285,807$1,070,459$724,406$2,901,300
71$3,579,251$1,081,203$706,966$3,136,707
72$3,901,312$1,091,160$687,627$3,394,769
73$4,254,869$1,100,250$666,285$3,677,775
74$4,643,090$1,108,387$642,830$3,988,247
75$5,069,468$1,115,481$617,148$4,328,966
76$5,537,850$1,121,435$589,118$4,702,996
77$6,052,472$1,126,146$558,615$5,113,714
78$6,618,002$1,129,506$525,507$5,564,842
79$7,239,585$1,131,399$489,658$6,060,482
80$7,922,886$1,131,700$450,925$6,605,154
81$8,674,146$1,130,279$409,156$7,203,841
82$9,500,243$1,126,997$364,197$7,862,034
83$10,408,754$1,121,706$315,884$8,585,785
84$11,408,027$1,114,250$264,047$9,381,764
85$12,507,260$1,104,462$208,506$10,257,322
86$13,716,586$1,092,167$149,077$11,220,560
87$15,047,172$1,077,177$85,565$12,280,407
88$16,511,319$1,059,294$17,767$13,446,705
89$18,122,584$1,038,309$0$14,730,299
90$19,895,901$1,014,000$0$16,150,713
91$21,847,728$986,132$0$17,716,672
92$23,996,199$954,455$0$19,440,259
93$26,361,294$918,706$0$21,337,511
94$28,965,029$878,606$0$23,426,096
95$31,831,665$833,859$0$25,725,487
96$34,987,931$784,155$0$28,257,143
97$38,463,284$729,162$0$31,044,710
98$42,290,180$668,532$0$34,114,248
99$46,504,384$601,896$0$37,494,473
100$51,145,306$528,864$0$41,217,031