Can I retire at age 53 with 789,000?

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 $789,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$65,155$64,575$64,008$63,456$62,916$61,098
2 years$32,255$31,654$31,072$30,508$29,960$28,143
3 years$21,290$20,686$20,106$19,546$19,008$17,248
4 years$15,808$15,207$14,632$14,082$13,557$11,868
5 years$12,520$11,922$11,355$10,816$10,305$8,693
6 years$10,329$9,735$9,176$8,650$8,154$6,619
7 years$8,764$8,176$7,626$7,112$6,632$5,174
8 years$7,591$7,008$6,467$5,966$5,502$4,121
9 years$6,679$6,102$5,570$5,082$4,633$3,327
10 years$5,950$5,378$4,856$4,380$3,948$2,715
11 years$5,354$4,788$4,275$3,812$3,395$2,234
12 years$4,858$4,298$3,794$3,344$2,942$1,850
13 years$4,438$3,884$3,390$2,952$2,566$1,540
14 years$4,079$3,530$3,046$2,621$2,249$1,287
15 years$3,768$3,225$2,750$2,337$1,980$1,080
16 years$3,496$2,959$2,493$2,093$1,750$908
17 years$3,256$2,725$2,269$1,880$1,552$766
18 years$3,043$2,518$2,071$1,694$1,380$647
19 years$2,853$2,334$1,896$1,531$1,230$548
20 years$2,682$2,169$1,740$1,387$1,098$464
21 years$2,527$2,020$1,600$1,258$983$394
22 years$2,387$1,885$1,475$1,144$881$335
23 years$2,259$1,763$1,362$1,042$791$284
24 years$2,142$1,652$1,260$950$711$242
25 years$2,034$1,551$1,167$868$640$206
26 years$1,935$1,457$1,082$794$576$175
27 years$1,843$1,371$1,005$726$520$149
28 years$1,759$1,292$934$666$469$127
29 years$1,680$1,219$869$610$423$108
30 years$1,606$1,151$810$560$382$93
31 years$1,537$1,088$755$514$346$79
32 years$1,473$1,030$704$473$313$67
33 years$1,413$975$658$435$283$57
34 years$1,356$924$614$400$256$49
35 years$1,303$877$574$368$232$42
36 years$1,253$832$537$339$210$36
37 years$1,206$790$503$312$191$30
38 years$1,161$751$471$288$173$26
39 years$1,119$714$441$266$157$22
40 years$1,079$680$414$245$142$19
41 years$1,041$647$388$226$129$16
42 years$1,005$616$364$209$117$14
43 years$970$587$341$193$106$12
44 years$937$560$320$178$96$10
45 years$906$534$301$164$88$9
46 years$877$509$283$152$79$7
47 years$848$486$265$140$72$6
48 years$821$464$249$129$66$5
49 years$795$443$234$120$60$5
50 years$770$423$220$111$54$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $789,000, adding $6,281 every year, while hoping to spend $57,701 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: 37/46/17 Blend
52$789,000$789,000$789,000$789,000
53$875,957$834,140$821,910$903,647
54$903,911$813,619$788,051$903,672
55$932,783$790,159$751,123$897,763
56$962,604$763,555$710,964$890,161
57$993,410$733,589$667,401$880,744
58$1,025,236$700,033$620,257$869,385
59$1,058,118$662,643$569,344$855,950
60$1,092,097$621,163$514,467$840,296
61$1,127,211$575,321$455,423$822,272
62$1,163,505$524,829$391,997$801,722
63$1,201,022$469,385$323,969$778,476
64$1,239,809$408,668$251,105$752,359
65$1,279,915$342,339$173,162$723,186
66$1,321,392$270,039$89,889$690,759
67$1,364,294$191,391$1,020$654,872
68$1,408,677$105,994$0$615,307
69$1,454,603$13,428$0$588,853
70$1,502,133$0$0$559,554
71$1,551,335$0$0$570,937
72$1,602,279$0$0$589,768
73$1,655,040$0$0$609,279
74$1,709,696$0$0$629,500
75$1,766,330$0$0$650,463
76$1,825,033$0$0$672,201
77$1,885,897$0$0$694,752
78$1,949,022$0$0$718,153
79$2,014,516$0$0$742,446
80$2,082,490$0$0$767,675
81$2,153,067$0$0$793,887
82$2,226,374$0$0$821,131
83$2,302,551$0$0$849,462
84$2,381,743$0$0$878,936
85$2,464,109$0$0$909,616
86$2,549,819$0$0$941,568
87$2,639,054$0$0$974,862
88$2,732,009$0$0$1,009,576
89$2,828,895$0$0$1,045,793
90$2,929,936$0$0$1,083,600
91$3,035,378$0$0$1,123,095
92$3,145,482$0$0$1,164,380
93$3,260,532$0$0$1,207,569
94$3,380,835$0$0$1,252,782
95$3,506,723$0$0$1,300,151
96$3,638,554$0$0$1,349,819
97$3,776,717$0$0$1,401,940
98$3,921,634$0$0$1,456,682
99$4,073,763$0$0$1,514,228
100$4,233,601$0$0$1,574,776