Can I retire at age 53 with 790,000?

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 $790,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$65,237$64,656$64,089$63,536$62,996$61,028
2 years$32,296$31,694$31,111$30,546$29,998$28,033
3 years$21,317$20,713$20,131$19,571$19,032$17,132
4 years$15,828$15,226$14,650$14,100$13,574$11,752
5 years$12,536$11,937$11,369$10,830$10,319$8,581
6 years$10,342$9,748$9,188$8,661$8,165$6,513
7 years$8,775$8,186$7,635$7,121$6,640$5,073
8 years$7,601$7,017$6,475$5,973$5,509$4,026
9 years$6,688$6,110$5,577$5,088$4,639$3,239
10 years$5,958$5,385$4,862$4,386$3,953$2,633
11 years$5,361$4,794$4,281$3,817$3,399$2,158
12 years$4,864$4,303$3,799$3,348$2,946$1,780
13 years$4,444$3,889$3,394$2,956$2,569$1,476
14 years$4,084$3,535$3,050$2,624$2,252$1,229
15 years$3,772$3,229$2,753$2,340$1,983$1,026
16 years$3,500$2,963$2,496$2,095$1,752$860
17 years$3,260$2,728$2,272$1,883$1,554$722
18 years$3,047$2,521$2,074$1,697$1,382$607
19 years$2,856$2,337$1,898$1,533$1,231$511
20 years$2,685$2,171$1,742$1,388$1,100$432
21 years$2,530$2,022$1,603$1,260$984$364
22 years$2,390$1,888$1,477$1,146$882$308
23 years$2,262$1,766$1,364$1,043$792$261
24 years$2,144$1,654$1,261$952$712$221
25 years$2,037$1,553$1,168$869$641$187
26 years$1,938$1,459$1,083$795$577$158
27 years$1,846$1,373$1,006$727$520$134
28 years$1,761$1,294$935$666$469$114
29 years$1,682$1,221$870$611$424$97
30 years$1,608$1,153$811$561$383$82
31 years$1,539$1,090$756$515$346$70
32 years$1,475$1,031$705$473$313$59
33 years$1,415$977$658$435$283$50
34 years$1,358$926$615$401$257$43
35 years$1,305$878$575$369$232$36
36 years$1,255$833$538$340$211$31
37 years$1,207$791$504$313$191$26
38 years$1,163$752$472$288$173$22
39 years$1,120$715$442$266$157$19
40 years$1,080$680$414$245$142$16
41 years$1,042$648$388$226$129$14
42 years$1,006$617$364$209$117$12
43 years$971$588$342$193$106$10
44 years$939$560$321$178$97$8
45 years$907$534$301$164$88$7
46 years$878$510$283$152$80$6
47 years$849$486$266$140$72$5
48 years$822$464$250$130$66$4
49 years$796$443$235$120$60$4
50 years$771$424$221$111$54$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $790,000, adding $6,363 every year, while hoping to spend $30,489 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: 61/23/16 Blend
52$790,000$790,000$790,000$790,000
53$877,143$835,273$823,028$926,738
54$934,172$843,762$818,160$969,392
55$995,996$851,644$812,106$1,011,933
56$1,063,071$858,859$804,796$1,057,637
57$1,135,901$865,340$796,153$1,106,815
58$1,215,038$871,017$786,100$1,159,808
59$1,301,091$875,815$774,552$1,216,994
60$1,394,727$879,655$761,425$1,278,788
61$1,496,684$882,452$746,627$1,345,650
62$1,607,770$884,117$730,064$1,418,088
63$1,728,878$884,554$711,636$1,496,660
64$1,860,988$883,661$691,240$1,581,985
65$2,005,179$881,331$668,767$1,674,746
66$2,162,641$877,450$644,105$1,775,693
67$2,334,681$871,896$617,133$1,885,659
68$2,522,740$864,541$587,728$2,005,559
69$2,728,403$855,247$555,761$2,136,407
70$2,953,418$843,871$521,096$2,279,317
71$3,199,705$830,259$483,592$2,435,523
72$3,469,382$814,249$443,099$2,606,383
73$3,764,780$795,669$399,464$2,793,398
74$4,088,467$774,336$352,526$2,998,223
75$4,443,270$750,058$302,114$3,222,685
76$4,832,303$722,630$248,055$3,468,798
77$5,258,995$691,836$190,162$3,738,786
78$5,727,125$657,448$128,245$4,035,101
79$6,240,852$619,224$62,102$4,360,449
80$6,804,762$576,909$0$4,717,815
81$7,423,901$530,231$0$5,111,940
82$8,103,832$478,905$0$5,556,415
83$8,850,680$422,629$0$6,044,673
84$9,671,195$361,083$0$6,581,173
85$10,572,812$293,931$0$7,170,832
86$11,563,721$220,816$0$7,819,069
87$12,652,945$141,361$0$8,531,859
88$13,850,427$55,169$0$9,315,789
89$15,167,119$0$0$10,178,120
90$16,615,088$0$0$11,136,519
91$18,207,629$0$0$12,206,034
92$19,959,390$0$0$13,382,547
93$21,886,509$0$0$14,676,907
94$24,006,770$0$0$16,101,066
95$26,339,764$0$0$17,668,193
96$28,907,079$0$0$19,392,799
97$31,732,501$0$0$21,290,872
98$34,842,238$0$0$23,380,029
99$38,265,169$0$0$25,679,680
100$42,033,113$0$0$28,211,215