Can I retire at age 53 with 794,000?

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 $794,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$65,568$64,984$64,414$63,858$63,315$63,048
2 years$32,459$31,855$31,269$30,701$30,150$29,881
3 years$21,425$20,817$20,233$19,670$19,128$18,865
4 years$15,908$15,303$14,724$14,171$13,642$13,387
5 years$12,599$11,998$11,427$10,885$10,371$10,124
6 years$10,394$9,797$9,235$8,705$8,206$7,968
7 years$8,820$8,228$7,674$7,157$6,674$6,444
8 years$7,639$7,053$6,508$6,004$5,536$5,316
9 years$6,722$6,141$5,605$5,114$4,663$4,451
10 years$5,988$5,413$4,887$4,408$3,973$3,770
11 years$5,388$4,818$4,302$3,836$3,417$3,223
12 years$4,889$4,325$3,818$3,365$2,961$2,776
13 years$4,466$3,908$3,411$2,971$2,582$2,405
14 years$4,105$3,553$3,065$2,637$2,263$2,095
15 years$3,791$3,245$2,767$2,352$1,993$1,833
16 years$3,518$2,978$2,509$2,106$1,761$1,609
17 years$3,276$2,742$2,283$1,892$1,562$1,417
18 years$3,062$2,534$2,084$1,705$1,389$1,251
19 years$2,871$2,348$1,908$1,541$1,238$1,107
20 years$2,699$2,182$1,751$1,395$1,105$982
21 years$2,543$2,033$1,611$1,266$989$872
22 years$2,402$1,897$1,484$1,151$887$776
23 years$2,273$1,775$1,371$1,049$796$692
24 years$2,155$1,663$1,268$956$715$617
25 years$2,047$1,560$1,174$873$644$551
26 years$1,947$1,467$1,089$799$580$493
27 years$1,855$1,380$1,011$731$523$441
28 years$1,770$1,301$940$670$472$394
29 years$1,690$1,227$875$614$426$353
30 years$1,616$1,159$815$564$385$317
31 years$1,547$1,095$760$518$348$284
32 years$1,483$1,036$709$476$315$255
33 years$1,422$981$662$438$285$229
34 years$1,365$930$618$403$258$205
35 years$1,312$882$578$371$234$185
36 years$1,261$837$541$341$212$166
37 years$1,213$795$506$314$192$149
38 years$1,168$756$474$290$174$134
39 years$1,126$719$444$267$158$120
40 years$1,086$684$416$247$143$108
41 years$1,047$651$390$227$130$97
42 years$1,011$620$366$210$118$88
43 years$976$591$344$194$107$79
44 years$943$563$322$179$97$71
45 years$912$537$303$165$88$64
46 years$882$512$284$153$80$58
47 years$854$489$267$141$73$52
48 years$826$467$251$130$66$47
49 years$800$446$236$120$60$42
50 years$775$426$222$111$54$38

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $794,000, adding $3,714 every year, while hoping to spend $49,187 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: 63/20/17 Blend
52$794,000$794,000$794,000$794,000
53$878,819$836,737$824,430$930,219
54$916,124$825,403$799,714$953,877
55$955,585$811,864$772,521$973,787
56$997,372$795,962$742,717$994,361
57$1,041,666$777,526$710,160$1,015,665
58$1,088,669$756,378$674,704$1,037,775
59$1,138,600$732,328$636,193$1,060,777
60$1,191,699$705,173$594,467$1,084,767
61$1,248,228$674,703$549,358$1,109,853
62$1,308,475$640,691$500,689$1,136,157
63$1,372,755$602,900$448,277$1,163,815
64$1,441,411$561,078$391,930$1,192,980
65$1,514,823$514,958$331,448$1,223,824
66$1,593,404$464,260$266,620$1,256,538
67$1,677,608$408,686$197,229$1,291,337
68$1,767,934$347,922$123,046$1,328,462
69$1,864,928$281,635$43,833$1,368,180
70$1,969,191$209,475$0$1,410,791
71$2,081,381$131,071$0$1,464,011
72$2,202,221$46,033$0$1,529,797
73$2,332,506$0$0$1,600,652
74$2,473,108$0$0$1,687,227
75$2,624,986$0$0$1,791,733
76$2,789,193$0$0$1,904,769
77$2,966,888$0$0$2,027,138
78$3,159,344$0$0$2,159,724
79$3,367,961$0$0$2,303,497
80$3,594,276$0$0$2,459,524
81$3,839,983$0$0$2,628,980
82$4,106,944$0$0$2,813,156
83$4,397,206$0$0$3,013,472
84$4,713,023$0$0$3,231,492
85$5,056,873$0$0$3,468,935
86$5,431,484$0$0$3,727,694
87$5,839,858$0$0$4,009,852
88$6,285,298$0$0$4,317,701
89$6,771,441$0$0$4,653,764
90$7,302,290$0$0$5,020,819
91$7,882,250$0$0$5,421,922
92$8,516,172$0$0$5,860,442
93$9,209,398$0$0$6,340,083
94$9,967,807$0$0$6,864,926
95$10,797,873$0$0$7,439,465
96$11,706,727$0$0$8,068,649
97$12,702,220$0$0$8,757,925
98$13,792,996$0$0$9,513,295
99$14,988,580$0$0$10,341,368
100$16,299,457$0$0$11,249,422