Can I retire at age 53 with 799,000?

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 $799,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$65,981$65,393$64,820$64,260$63,713$62,325
2 years$32,664$32,055$31,466$30,894$30,340$28,948
3 years$21,559$20,949$20,360$19,794$19,249$17,897
4 years$16,008$15,399$14,817$14,261$13,728$12,427
5 years$12,679$12,073$11,499$10,954$10,436$9,189
6 years$10,460$9,859$9,293$8,760$8,258$7,066
7 years$8,875$8,279$7,722$7,202$6,716$5,580
8 years$7,687$7,097$6,549$6,041$5,571$4,491
9 years$6,764$6,179$5,641$5,146$4,692$3,666
10 years$6,026$5,447$4,918$4,436$3,998$3,025
11 years$5,422$4,849$4,329$3,860$3,438$2,518
12 years$4,919$4,352$3,842$3,386$2,979$2,110
13 years$4,494$3,933$3,433$2,989$2,598$1,777
14 years$4,131$3,575$3,084$2,654$2,278$1,504
15 years$3,815$3,266$2,785$2,367$2,005$1,278
16 years$3,540$2,996$2,525$2,119$1,772$1,089
17 years$3,297$2,759$2,298$1,904$1,571$930
18 years$3,081$2,550$2,097$1,716$1,397$797
19 years$2,889$2,363$1,920$1,550$1,245$683
20 years$2,716$2,196$1,762$1,404$1,112$587
21 years$2,559$2,045$1,621$1,274$995$505
22 years$2,417$1,909$1,494$1,159$892$435
23 years$2,287$1,786$1,379$1,055$801$375
24 years$2,169$1,673$1,276$962$720$324
25 years$2,060$1,570$1,181$879$648$279
26 years$1,960$1,476$1,096$804$584$241
27 years$1,867$1,389$1,017$736$526$209
28 years$1,781$1,309$946$674$475$180
29 years$1,701$1,235$880$618$429$156
30 years$1,626$1,166$820$567$387$135
31 years$1,557$1,102$764$521$350$117
32 years$1,492$1,043$713$479$317$101
33 years$1,431$988$666$440$287$88
34 years$1,374$936$622$405$260$76
35 years$1,320$888$582$373$235$66
36 years$1,269$843$544$343$213$57
37 years$1,221$800$509$316$193$49
38 years$1,176$761$477$292$175$43
39 years$1,133$723$447$269$159$37
40 years$1,092$688$419$248$144$32
41 years$1,054$655$393$229$131$28
42 years$1,017$624$368$211$119$24
43 years$982$594$346$195$108$21
44 years$949$567$324$180$98$18
45 years$918$540$305$166$89$16
46 years$888$515$286$154$80$14
47 years$859$492$269$142$73$12
48 years$831$470$253$131$66$10
49 years$805$448$237$121$60$9
50 years$780$428$223$112$55$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $799,000, adding $3,916 every year, while hoping to spend $37,013 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: 79/10/11 Blend
52$799,000$799,000$799,000$799,000
53$884,537$842,190$829,806$952,383
54$935,379$844,076$818,223$999,397
55$990,165$844,814$805,011$1,045,779
56$1,049,260$844,308$790,077$1,095,589
57$1,113,063$842,458$773,323$1,149,154
58$1,182,013$839,155$754,647$1,206,831
59$1,256,591$834,286$733,940$1,269,018
60$1,337,327$827,730$711,091$1,336,149
61$1,424,804$819,359$685,982$1,408,705
62$1,519,662$809,036$658,491$1,487,216
63$1,622,607$796,617$628,489$1,572,266
64$1,734,411$781,950$595,842$1,664,497
65$1,855,928$764,873$560,410$1,764,618
66$1,988,095$745,214$522,046$1,873,412
67$2,131,943$722,791$480,597$1,991,740
68$2,288,607$697,414$435,903$2,120,551
69$2,459,336$668,878$387,796$2,260,892
70$2,645,504$636,968$336,103$2,413,918
71$2,848,623$601,458$280,640$2,580,901
72$3,070,359$562,105$221,218$2,763,243
73$3,312,543$518,657$157,637$2,962,492
74$3,577,195$470,843$89,690$3,180,351
75$3,866,534$418,380$17,160$3,418,701
76$4,183,006$360,966$0$3,679,613
77$4,529,305$298,285$0$3,972,441
78$4,908,394$230,001$0$4,295,244
79$5,323,539$155,760$0$4,648,809
80$5,778,335$75,187$0$5,036,227
81$6,276,741$0$0$5,460,904
82$6,823,120$0$0$5,927,925
83$7,422,272$0$0$6,449,153
84$8,079,489$0$0$7,020,918
85$8,800,596$0$0$7,648,293
86$9,592,012$0$0$8,336,864
87$10,460,806$0$0$9,092,785
88$11,414,764$0$0$9,922,835
89$12,462,466$0$0$10,834,482
90$13,613,359$0$0$11,835,952
91$14,877,856$0$0$12,936,307
92$16,267,422$0$0$14,145,530
93$17,794,694$0$0$15,474,620
94$19,473,589$0$0$16,935,694
95$21,319,442$0$0$18,542,102
96$23,349,147$0$0$20,308,551
97$25,581,319$0$0$22,251,244
98$28,036,466$0$0$24,388,036
99$30,737,181$0$0$26,738,597
100$33,708,361$0$0$29,324,598