Can I retire at age 53 with 795,000?

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 $795,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$65,650$65,066$64,495$63,938$63,394$62,811
2 years$32,500$31,895$31,308$30,740$30,188$29,600
3 years$21,452$20,844$20,259$19,695$19,152$18,578
4 years$15,928$15,322$14,743$14,189$13,660$13,104
5 years$12,615$12,013$11,441$10,899$10,384$9,848
6 years$10,407$9,809$9,246$8,716$8,216$7,701
7 years$8,831$8,238$7,684$7,166$6,682$6,187
8 years$7,649$7,061$6,516$6,011$5,543$5,070
9 years$6,730$6,148$5,613$5,120$4,668$4,215
10 years$5,996$5,419$4,893$4,414$3,978$3,545
11 years$5,395$4,825$4,308$3,841$3,421$3,008
12 years$4,895$4,330$3,823$3,369$2,965$2,571
13 years$4,472$3,913$3,416$2,975$2,585$2,211
14 years$4,110$3,557$3,069$2,640$2,266$1,911
15 years$3,796$3,249$2,771$2,355$1,995$1,658
16 years$3,522$2,981$2,512$2,108$1,763$1,444
17 years$3,281$2,746$2,286$1,894$1,564$1,261
18 years$3,066$2,537$2,087$1,707$1,390$1,104
19 years$2,874$2,351$1,910$1,543$1,239$969
20 years$2,702$2,185$1,753$1,397$1,107$852
21 years$2,546$2,035$1,613$1,268$990$750
22 years$2,405$1,900$1,486$1,153$888$661
23 years$2,276$1,777$1,372$1,050$797$584
24 years$2,158$1,665$1,269$958$716$516
25 years$2,050$1,562$1,176$875$645$457
26 years$1,950$1,468$1,090$800$581$405
27 years$1,857$1,382$1,012$732$523$358
28 years$1,772$1,302$941$671$472$318
29 years$1,692$1,228$876$615$427$282
30 years$1,618$1,160$816$564$385$250
31 years$1,549$1,097$761$518$348$222
32 years$1,484$1,038$710$476$315$198
33 years$1,424$983$663$438$285$176
34 years$1,367$931$619$403$258$156
35 years$1,313$883$579$371$234$139
36 years$1,263$838$541$342$212$123
37 years$1,215$796$507$315$192$110
38 years$1,170$757$475$290$174$98
39 years$1,127$720$445$268$158$87
40 years$1,087$685$417$247$143$77
41 years$1,049$652$391$228$130$69
42 years$1,012$621$367$210$118$61
43 years$978$591$344$194$107$55
44 years$945$564$323$179$97$49
45 years$913$538$303$165$88$43
46 years$883$513$285$153$80$39
47 years$855$489$268$141$73$34
48 years$827$467$251$130$66$31
49 years$801$446$236$121$60$27
50 years$776$426$222$111$54$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $795,000, adding $4,271 every year, while hoping to spend $55,124 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: 40/34/26 Blend
52$795,000$795,000$795,000$795,000
53$880,496$838,361$826,038$908,805
54$911,655$820,789$795,059$912,121
55$944,144$800,508$761,194$910,232
56$978,042$777,328$724,289$907,116
57$1,013,432$751,047$684,183$902,695
58$1,050,404$721,450$640,705$896,888
59$1,089,055$688,312$593,679$889,608
60$1,129,492$651,392$542,920$880,768
61$1,171,828$610,437$488,235$870,276
62$1,216,186$565,181$429,423$858,036
63$1,262,701$515,339$366,273$843,951
64$1,311,519$460,612$298,565$827,919
65$1,362,796$400,685$226,069$809,835
66$1,416,705$335,222$148,546$789,591
67$1,473,432$263,871$65,746$767,076
68$1,533,181$186,259$0$742,177
69$1,596,171$101,992$0$721,053
70$1,662,645$10,654$0$717,182
71$1,732,865$0$0$712,265
72$1,807,117$0$0$739,259
73$1,885,714$0$0$772,099
74$1,968,997$0$0$806,948
75$2,057,339$0$0$843,968
76$2,151,150$0$0$883,338
77$2,250,873$0$0$925,252
78$2,356,998$0$0$969,924
79$2,470,058$0$0$1,017,586
80$2,590,640$0$0$1,068,495
81$2,719,382$0$0$1,122,930
82$2,856,988$0$0$1,181,200
83$3,004,226$0$0$1,243,641
84$3,161,942$0$0$1,310,622
85$3,331,060$0$0$1,382,550
86$3,512,596$0$0$1,459,869
87$3,707,665$0$0$1,543,068
88$3,917,489$0$0$1,632,683
89$4,143,411$0$0$1,729,305
90$4,386,908$0$0$1,833,579
91$4,649,599$0$0$1,946,218
92$4,933,264$0$0$2,068,002
93$5,239,858$0$0$2,199,792
94$5,571,533$0$0$2,342,531
95$5,930,651$0$0$2,497,258
96$6,319,809$0$0$2,665,114
97$6,741,865$0$0$2,847,356
98$7,199,960$0$0$3,045,364
99$7,697,548$0$0$3,260,657
100$8,238,432$0$0$3,494,907