Can I retire at age 53 with 783,000?

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 $783,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$64,659$64,083$63,522$62,973$62,438$60,953
2 years$32,010$31,413$30,836$30,276$29,732$28,245
3 years$21,128$20,529$19,953$19,398$18,863$17,420
4 years$15,688$15,091$14,520$13,975$13,453$12,066
5 years$12,425$11,832$11,268$10,734$10,227$8,898
6 years$10,250$9,661$9,107$8,584$8,092$6,824
7 years$8,697$8,114$7,568$7,058$6,581$5,373
8 years$7,533$6,955$6,418$5,920$5,460$4,312
9 years$6,629$6,055$5,528$5,043$4,598$3,509
10 years$5,905$5,338$4,819$4,347$3,918$2,887
11 years$5,314$4,752$4,243$3,783$3,369$2,395
12 years$4,821$4,265$3,765$3,318$2,920$2,000
13 years$4,404$3,854$3,364$2,930$2,546$1,680
14 years$4,048$3,503$3,023$2,601$2,232$1,417
15 years$3,739$3,200$2,729$2,319$1,965$1,200
16 years$3,469$2,936$2,474$2,077$1,737$1,019
17 years$3,231$2,704$2,252$1,866$1,540$867
18 years$3,020$2,499$2,055$1,682$1,369$740
19 years$2,831$2,316$1,882$1,519$1,220$632
20 years$2,661$2,152$1,727$1,376$1,090$541
21 years$2,508$2,005$1,588$1,249$976$464
22 years$2,369$1,871$1,464$1,136$874$398
23 years$2,242$1,750$1,352$1,034$785$342
24 years$2,125$1,640$1,250$943$706$294
25 years$2,019$1,539$1,158$861$635$252
26 years$1,920$1,446$1,074$788$572$217
27 years$1,829$1,361$997$721$516$187
28 years$1,745$1,283$927$661$465$161
29 years$1,667$1,210$863$606$420$139
30 years$1,594$1,143$803$556$380$120
31 years$1,526$1,080$749$511$343$103
32 years$1,462$1,022$699$469$310$89
33 years$1,402$968$653$431$281$77
34 years$1,346$917$610$397$254$66
35 years$1,293$870$570$365$230$57
36 years$1,244$826$533$337$209$49
37 years$1,197$784$499$310$189$42
38 years$1,152$745$467$286$172$37
39 years$1,110$709$438$264$156$32
40 years$1,070$674$410$243$141$27
41 years$1,033$642$385$224$128$24
42 years$997$611$361$207$116$20
43 years$963$583$339$191$105$18
44 years$930$555$318$176$96$15
45 years$899$529$299$163$87$13
46 years$870$505$280$150$79$11
47 years$842$482$263$139$72$10
48 years$815$460$248$128$65$8
49 years$789$439$233$119$59$7
50 years$764$420$219$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $783,000, adding $3,242 every year, while hoping to spend $34,040 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: 59/36/5 Blend
52$783,000$783,000$783,000$783,000
53$866,210$824,711$812,575$916,360
54$918,345$828,904$803,578$954,521
55$974,657$832,161$793,138$991,915
56$1,035,536$834,401$781,172$1,031,819
57$1,101,411$835,536$767,592$1,074,473
58$1,172,753$835,476$752,304$1,120,144
59$1,250,080$834,120$735,213$1,169,129
60$1,333,963$831,367$716,217$1,221,752
61$1,425,027$827,104$695,210$1,278,374
62$1,523,962$821,214$672,082$1,339,393
63$1,631,527$813,574$646,717$1,405,249
64$1,748,555$804,051$618,994$1,476,430
65$1,875,964$792,506$588,787$1,553,471
66$2,014,764$778,791$555,963$1,636,968
67$2,166,066$762,748$520,384$1,727,576
68$2,331,094$744,211$481,906$1,826,022
69$2,511,193$723,006$440,378$1,933,104
70$2,707,846$698,944$395,641$2,049,710
71$2,922,683$671,829$347,532$2,176,817
72$3,157,501$641,453$295,879$2,315,504
73$3,414,277$607,595$240,502$2,466,965
74$3,695,187$570,021$181,212$2,632,517
75$4,002,628$528,485$117,815$2,813,616
76$4,339,241$482,725$50,106$3,011,869
77$4,707,930$432,465$0$3,229,051
78$5,111,898$377,415$0$3,468,302
79$5,554,669$317,265$0$3,733,535
80$6,040,125$251,691$0$4,024,474
81$6,572,543$180,349$0$4,343,771
82$7,156,631$102,875$0$4,694,349
83$7,797,577$18,886$0$5,079,438
84$8,501,096$0$0$5,502,599
85$9,273,481$0$0$5,996,294
86$10,121,665$0$0$6,546,723
87$11,053,286$0$0$7,151,367
88$12,076,757$0$0$7,815,697
89$13,201,348$0$0$8,545,738
90$14,437,268$0$0$9,348,127
91$15,795,769$0$0$10,230,178
92$17,289,242$0$0$11,199,947
93$18,931,342$0$0$12,266,311
94$20,737,112$0$0$13,439,049
95$22,723,126$0$0$14,728,935
96$24,907,644$0$0$16,147,842
97$27,310,787$0$0$17,708,849
98$29,954,720$0$0$19,426,367
99$32,863,869$0$0$21,316,276
100$36,065,145$0$0$23,396,070