Can I retire at age 53 with 787,000?

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 $787,000?

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$64,990$64,411$63,846$63,295$62,756$61,264
2 years$32,173$31,574$30,993$30,430$29,884$28,389
3 years$21,236$20,634$20,055$19,497$18,960$17,509
4 years$15,768$15,168$14,595$14,046$13,522$12,127
5 years$12,488$11,892$11,326$10,789$10,279$8,944
6 years$10,303$9,711$9,153$8,628$8,134$6,859
7 years$8,742$8,155$7,606$7,094$6,615$5,401
8 years$7,572$6,990$6,451$5,951$5,488$4,334
9 years$6,662$6,086$5,556$5,069$4,621$3,527
10 years$5,935$5,365$4,844$4,369$3,938$2,902
11 years$5,341$4,776$4,264$3,803$3,387$2,407
12 years$4,846$4,287$3,785$3,335$2,935$2,011
13 years$4,427$3,874$3,381$2,945$2,559$1,688
14 years$4,068$3,521$3,038$2,614$2,243$1,424
15 years$3,758$3,217$2,743$2,331$1,975$1,206
16 years$3,487$2,951$2,487$2,087$1,746$1,024
17 years$3,248$2,718$2,263$1,875$1,548$871
18 years$3,035$2,512$2,066$1,690$1,376$743
19 years$2,845$2,328$1,891$1,527$1,227$635
20 years$2,675$2,163$1,736$1,383$1,096$544
21 years$2,521$2,015$1,596$1,255$981$466
22 years$2,381$1,881$1,471$1,141$879$400
23 years$2,253$1,759$1,359$1,039$789$343
24 years$2,136$1,648$1,256$948$709$295
25 years$2,029$1,547$1,164$866$638$254
26 years$1,930$1,454$1,079$792$575$218
27 years$1,839$1,368$1,002$725$518$188
28 years$1,754$1,289$932$664$468$162
29 years$1,675$1,216$867$609$422$139
30 years$1,602$1,148$808$559$382$120
31 years$1,534$1,086$753$513$345$104
32 years$1,469$1,027$702$472$312$89
33 years$1,409$973$656$434$282$77
34 years$1,353$922$613$399$256$66
35 years$1,300$875$573$367$232$57
36 years$1,250$830$536$338$210$49
37 years$1,203$788$502$312$190$43
38 years$1,158$749$470$287$172$37
39 years$1,116$712$440$265$156$32
40 years$1,076$678$413$244$142$27
41 years$1,038$645$387$225$129$24
42 years$1,002$614$363$208$117$20
43 years$968$585$340$192$106$18
44 years$935$558$320$177$96$15
45 years$904$532$300$164$87$13
46 years$874$508$282$151$79$11
47 years$846$484$265$140$72$10
48 years$819$463$249$129$65$8
49 years$793$442$234$119$59$7
50 years$768$422$220$110$54$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $787,000, adding $6,741 every year, while hoping to spend $38,818 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: 45/44/11 Blend
52$787,000$787,000$787,000$787,000
53$874,227$832,516$820,318$910,549
54$922,096$832,008$806,496$935,914
55$973,547$830,173$790,911$958,902
56$1,028,904$826,906$773,461$982,958
57$1,088,523$822,095$754,043$1,008,193
58$1,152,795$815,621$732,546$1,034,735
59$1,222,150$807,356$708,857$1,062,725
60$1,297,060$797,167$682,854$1,092,322
61$1,378,044$784,912$654,413$1,123,704
62$1,465,671$770,440$623,403$1,157,068
63$1,560,570$753,591$589,687$1,192,637
64$1,663,428$734,197$553,121$1,230,658
65$1,775,003$712,078$513,557$1,271,408
66$1,896,129$687,046$470,836$1,315,194
67$2,027,722$658,900$424,798$1,362,360
68$2,170,791$627,427$375,269$1,413,289
69$2,326,444$592,403$322,074$1,468,407
70$2,495,903$553,592$265,024$1,528,190
71$2,680,509$510,742$203,927$1,593,164
72$2,881,741$463,588$138,578$1,663,919
73$3,101,224$411,850$68,766$1,741,106
74$3,340,750$355,232$0$1,825,451
75$3,602,288$293,420$0$1,918,436
76$3,888,008$226,084$0$2,028,938
77$4,200,297$152,874$0$2,149,902
78$4,541,785$73,422$0$2,282,461
79$4,915,365$0$0$2,427,871
80$5,324,226$0$0$2,593,651
81$5,771,877$0$0$2,814,172
82$6,262,183$0$0$3,055,800
83$6,799,399$0$0$3,320,642
84$7,388,213$0$0$3,611,023
85$8,033,787$0$0$3,929,500
86$8,741,807$0$0$4,278,892
87$9,518,536$0$0$4,662,302
88$10,370,870$0$0$5,083,150
89$11,306,407$0$0$5,545,200
90$12,333,518$0$0$6,052,603
91$13,461,420$0$0$6,609,926
92$14,700,269$0$0$7,222,205
93$16,061,253$0$0$7,894,986
94$17,556,697$0$0$8,634,378
95$19,200,177$0$0$9,447,113
96$21,006,653$0$0$10,340,605
97$22,992,603$0$0$11,323,025
98$25,176,183$0$0$12,403,373
99$27,577,395$0$0$13,591,567
100$30,218,278$0$0$14,898,533