Can I retire at age 53 with 749,000?

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 $749,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$61,852$61,301$60,763$60,239$59,726$58,834
2 years$30,620$30,049$29,497$28,961$28,441$27,544
3 years$20,210$19,638$19,086$18,556$18,044$17,170
4 years$15,007$14,436$13,890$13,368$12,869$12,025
5 years$11,885$11,318$10,779$10,268$9,783$8,971
6 years$9,805$9,242$8,711$8,211$7,741$6,963
7 years$8,320$7,761$7,239$6,751$6,295$5,551
8 years$7,206$6,653$6,139$5,663$5,223$4,512
9 years$6,341$5,792$5,288$4,824$4,398$3,720
10 years$5,649$5,106$4,610$4,158$3,748$3,102
11 years$5,083$4,545$4,059$3,619$3,223$2,610
12 years$4,612$4,080$3,602$3,174$2,793$2,211
13 years$4,213$3,687$3,218$2,802$2,436$1,884
14 years$3,872$3,351$2,891$2,488$2,135$1,613
15 years$3,577$3,061$2,611$2,219$1,880$1,386
16 years$3,318$2,809$2,367$1,986$1,661$1,196
17 years$3,091$2,587$2,154$1,785$1,473$1,034
18 years$2,889$2,390$1,966$1,608$1,310$896
19 years$2,708$2,215$1,800$1,453$1,167$779
20 years$2,546$2,059$1,652$1,316$1,043$677
21 years$2,399$1,917$1,519$1,195$933$590
22 years$2,266$1,790$1,400$1,086$836$515
23 years$2,144$1,674$1,293$989$751$450
24 years$2,033$1,568$1,196$902$675$393
25 years$1,931$1,472$1,108$824$607$344
26 years$1,837$1,383$1,027$753$547$302
27 years$1,750$1,302$954$690$493$264
28 years$1,669$1,227$887$632$445$232
29 years$1,594$1,157$825$579$402$203
30 years$1,525$1,093$769$532$363$178
31 years$1,459$1,033$717$488$328$157
32 years$1,399$978$669$449$297$138
33 years$1,341$926$624$413$269$121
34 years$1,288$878$583$380$243$106
35 years$1,237$832$545$350$220$93
36 years$1,190$790$510$322$200$82
37 years$1,145$750$477$297$181$72
38 years$1,102$713$447$273$164$63
39 years$1,062$678$419$252$149$56
40 years$1,024$645$393$233$135$49
41 years$988$614$368$215$122$43
42 years$954$585$345$198$111$38
43 years$921$557$324$183$101$33
44 years$890$531$304$169$92$29
45 years$860$506$286$156$83$26
46 years$832$483$268$144$75$23
47 years$805$461$252$133$68$20
48 years$779$440$237$123$62$18
49 years$755$420$223$114$56$16
50 years$731$402$209$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $749,000, adding $3,623 every year, while hoping to spend $23,087 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: 41/41/18 Blend
52$749,000$749,000$749,000$749,000
53$829,135$789,438$777,829$858,595
54$889,143$803,556$779,321$893,980
55$954,497$817,592$780,091$929,741
56$1,025,719$831,518$780,087$967,963
57$1,103,383$845,303$779,261$1,008,884
58$1,188,119$858,914$777,557$1,052,765
59$1,280,623$872,316$774,920$1,099,892
60$1,381,658$885,471$771,292$1,150,586
61$1,492,066$898,338$766,610$1,205,198
62$1,612,775$910,875$760,809$1,264,115
63$1,744,805$923,035$753,823$1,327,766
64$1,889,279$934,767$745,580$1,396,624
65$2,047,433$946,019$736,005$1,471,211
66$2,220,632$956,734$725,021$1,552,105
67$2,410,374$966,851$712,547$1,639,941
68$2,618,311$976,306$698,496$1,735,423
69$2,846,264$985,030$682,781$1,839,326
70$3,096,235$992,950$665,307$1,952,507
71$3,370,433$999,986$645,977$2,075,912
72$3,671,288$1,006,056$624,688$2,210,583
73$4,001,478$1,011,071$601,333$2,357,674
74$4,363,953$1,014,938$575,802$2,518,455
75$4,761,961$1,017,555$547,976$2,694,330
76$5,199,082$1,018,816$517,734$2,886,847
77$5,679,258$1,018,607$484,948$3,097,716
78$6,206,833$1,016,810$449,485$3,328,822
79$6,786,592$1,013,296$411,204$3,582,246
80$7,423,806$1,007,929$369,961$3,860,286
81$8,124,283$1,000,566$325,604$4,165,475
82$8,894,421$991,055$277,973$4,500,609
83$9,741,269$979,234$226,902$4,868,772
84$10,672,594$964,932$172,218$5,273,368
85$11,696,952$947,966$113,741$5,718,152
86$12,823,770$928,146$51,280$6,207,264
87$14,063,436$905,267$0$6,745,275
88$15,427,395$879,114$0$7,340,177
89$16,928,257$849,458$0$8,005,279
90$18,579,916$816,057$0$8,736,896
91$20,397,680$778,657$0$9,541,834
92$22,398,419$736,987$0$10,427,598
93$24,600,718$690,760$0$11,402,462
94$27,025,059$639,674$0$12,475,550
95$29,694,007$583,410$0$13,656,920
96$32,632,428$521,630$0$14,957,660
97$35,867,721$453,975$0$16,389,996
98$39,430,078$380,069$0$17,967,407
99$43,352,766$299,513$0$19,704,753
100$47,672,445$211,886$0$21,618,413