Can I retire at age 53 with 797,000?

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 $797,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$65,816$65,229$64,657$64,099$63,554$61,917
2 years$32,582$31,975$31,387$30,817$30,264$28,626
3 years$21,506$20,896$20,309$19,745$19,201$17,612
4 years$15,968$15,361$14,780$14,225$13,694$12,168
5 years$12,647$12,043$11,470$10,926$10,410$8,950
6 years$10,433$9,834$9,269$8,738$8,237$6,845
7 years$8,853$8,259$7,703$7,184$6,699$5,375
8 years$7,668$7,079$6,533$6,026$5,557$4,300
9 years$6,747$6,164$5,627$5,133$4,680$3,489
10 years$6,011$5,433$4,905$4,425$3,988$2,862
11 years$5,409$4,837$4,319$3,851$3,430$2,366
12 years$4,907$4,341$3,833$3,378$2,972$1,970
13 years$4,483$3,923$3,424$2,982$2,592$1,649
14 years$4,120$3,566$3,077$2,647$2,272$1,386
15 years$3,806$3,258$2,778$2,361$2,000$1,169
16 years$3,531$2,989$2,519$2,114$1,768$989
17 years$3,289$2,753$2,292$1,899$1,568$839
18 years$3,074$2,544$2,092$1,712$1,394$713
19 years$2,882$2,357$1,915$1,547$1,242$607
20 years$2,709$2,191$1,758$1,401$1,110$518
21 years$2,553$2,040$1,617$1,271$993$442
22 years$2,411$1,905$1,490$1,156$890$378
23 years$2,282$1,781$1,376$1,053$799$323
24 years$2,163$1,669$1,272$960$718$277
25 years$2,055$1,566$1,178$877$646$237
26 years$1,955$1,472$1,093$802$582$203
27 years$1,862$1,385$1,015$734$525$174
28 years$1,776$1,305$944$672$474$149
29 years$1,697$1,232$878$617$428$128
30 years$1,622$1,163$818$566$386$110
31 years$1,553$1,099$762$520$349$94
32 years$1,488$1,040$711$478$316$81
33 years$1,427$985$664$439$286$70
34 years$1,370$934$621$404$259$60
35 years$1,316$886$580$372$234$51
36 years$1,266$841$543$343$212$44
37 years$1,218$798$508$316$193$38
38 years$1,173$759$476$291$175$33
39 years$1,130$721$446$268$158$28
40 years$1,090$686$418$247$144$24
41 years$1,051$653$392$228$130$21
42 years$1,015$622$367$211$118$18
43 years$980$593$345$194$107$15
44 years$947$565$324$180$97$13
45 years$915$539$304$166$88$11
46 years$885$514$285$153$80$10
47 years$857$491$268$142$73$8
48 years$829$468$252$131$66$7
49 years$803$447$237$121$60$6
50 years$778$427$223$112$55$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $797,000, adding $3,745 every year, while hoping to spend $34,132 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: 60/12/28 Blend
52$797,000$797,000$797,000$797,000
53$882,157$839,916$827,562$928,195
54$935,821$844,756$818,970$964,873
55$993,814$848,689$808,945$1,000,900
56$1,056,543$851,634$797,404$1,039,497
57$1,124,453$853,507$784,260$1,080,925
58$1,198,035$854,216$769,420$1,125,468
59$1,277,827$853,665$752,788$1,173,442
60$1,364,421$851,751$734,263$1,225,199
61$1,458,470$848,365$713,739$1,281,125
62$1,560,691$843,392$691,106$1,341,646
63$1,671,873$836,709$666,249$1,407,237
64$1,792,883$828,186$639,047$1,478,420
65$1,924,675$817,686$609,374$1,555,772
66$2,068,302$805,062$577,097$1,639,932
67$2,224,919$790,160$542,080$1,731,604
68$2,395,798$772,816$504,178$1,831,569
69$2,582,342$752,856$463,240$1,940,688
70$2,786,091$730,096$419,108$2,059,910
71$3,008,743$704,342$371,620$2,190,288
72$3,252,169$675,388$320,602$2,332,980
73$3,518,424$643,016$265,877$2,489,270
74$3,809,775$606,996$207,255$2,660,570
75$4,128,717$567,083$144,543$2,848,446
76$4,477,996$523,021$77,536$3,054,620
77$4,860,639$474,536$6,021$3,280,998
78$5,279,977$421,341$0$3,529,683
79$5,739,679$363,132$0$3,823,997
80$6,243,787$299,586$0$4,148,785
81$6,796,752$230,364$0$4,505,147
82$7,403,477$155,108$0$4,896,277
83$8,069,361$73,438$0$5,325,698
84$8,800,353$0$0$5,797,293
85$9,603,006$0$0$6,317,327
86$10,484,538$0$0$6,899,182
87$11,452,899$0$0$7,538,417
88$12,516,850$0$0$8,240,823
89$13,686,040$0$0$9,012,779
90$14,971,101$0$0$9,861,314
91$16,383,744$0$0$10,794,169
92$17,936,872$0$0$11,819,877
93$19,644,703$0$0$12,947,835
94$21,522,897$0$0$14,188,398
95$23,588,712$0$0$15,552,975
96$25,861,160$0$0$17,054,135
97$28,361,189$0$0$18,705,729
98$31,111,881$0$0$20,523,015
99$34,138,665$0$0$22,522,808
100$37,469,563$0$0$24,723,633