Can I retire at age 53 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$61,934$61,383$60,844$60,319$59,806$59,034
2 years$30,661$30,090$29,536$29,000$28,479$27,703
3 years$20,237$19,664$19,112$18,580$18,068$17,311
4 years$15,027$14,455$13,909$13,386$12,886$12,155
5 years$11,901$11,333$10,794$10,282$9,796$9,092
6 years$9,818$9,254$8,723$8,222$7,751$7,075
7 years$8,331$7,772$7,249$6,760$6,304$5,656
8 years$7,216$6,662$6,147$5,671$5,230$4,611
9 years$6,349$5,800$5,295$4,830$4,404$3,813
10 years$5,656$5,113$4,616$4,164$3,753$3,189
11 years$5,090$4,551$4,064$3,624$3,227$2,691
12 years$4,618$4,085$3,607$3,179$2,797$2,287
13 years$4,219$3,692$3,222$2,806$2,439$1,956
14 years$3,877$3,356$2,895$2,491$2,138$1,680
15 years$3,581$3,066$2,614$2,222$1,882$1,449
16 years$3,323$2,813$2,370$1,989$1,664$1,254
17 years$3,095$2,590$2,157$1,787$1,475$1,088
18 years$2,892$2,394$1,969$1,611$1,312$947
19 years$2,712$2,218$1,802$1,455$1,169$825
20 years$2,549$2,061$1,654$1,318$1,044$721
21 years$2,402$1,920$1,521$1,196$934$631
22 years$2,269$1,792$1,402$1,088$838$552
23 years$2,147$1,676$1,295$991$752$484
24 years$2,036$1,571$1,197$903$676$425
25 years$1,934$1,474$1,109$825$608$374
26 years$1,839$1,385$1,029$754$548$328
27 years$1,752$1,304$955$691$494$289
28 years$1,672$1,228$888$633$446$254
29 years$1,597$1,159$826$580$402$224
30 years$1,527$1,094$770$532$364$197
31 years$1,461$1,035$717$489$329$174
32 years$1,400$979$669$449$297$153
33 years$1,343$927$625$413$269$135
34 years$1,289$879$584$380$244$119
35 years$1,239$833$546$350$221$105
36 years$1,191$791$511$322$200$93
37 years$1,146$751$478$297$181$82
38 years$1,104$714$448$274$164$73
39 years$1,063$679$419$252$149$64
40 years$1,025$646$393$233$135$57
41 years$989$615$369$215$123$50
42 years$955$586$346$198$111$44
43 years$922$558$324$183$101$39
44 years$891$532$305$169$92$35
45 years$861$507$286$156$83$30
46 years$833$484$269$144$76$27
47 years$806$462$252$133$69$24
48 years$780$441$237$123$62$21
49 years$756$421$223$114$57$19
50 years$732$402$210$105$51$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $750,000, adding $6,016 every year, while hoping to spend $31,224 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: 54/31/15 Blend
52$750,000$750,000$750,000$750,000
53$832,706$792,956$781,331$874,046
54$884,419$798,588$774,283$908,528
55$940,362$803,450$765,953$942,187
56$1,000,930$807,471$756,264$978,117
57$1,066,564$810,576$745,138$1,016,542
58$1,137,743$812,684$732,490$1,057,711
59$1,214,998$813,711$718,233$1,101,897
60$1,298,911$813,566$702,277$1,149,403
61$1,390,123$812,153$684,526$1,200,565
62$1,489,338$809,371$664,880$1,255,754
63$1,597,332$805,112$643,235$1,315,379
64$1,714,957$799,260$619,481$1,379,894
65$1,843,154$791,695$593,505$1,449,802
66$1,982,954$782,286$565,186$1,525,655
67$2,135,496$770,899$534,400$1,608,069
68$2,302,031$757,387$501,017$1,697,719
69$2,483,937$741,598$464,900$1,795,356
70$2,682,731$723,369$425,906$1,901,806
71$2,900,083$702,527$383,888$2,017,986
72$3,137,832$678,892$338,688$2,144,906
73$3,398,002$652,269$290,146$2,283,684
74$3,682,823$622,456$238,091$2,435,552
75$3,994,751$589,235$182,346$2,601,876
76$4,336,487$552,380$122,727$2,784,160
77$4,711,011$511,648$59,040$2,984,069
78$5,121,600$466,785$0$3,203,439
79$5,571,866$417,520$0$3,445,728
80$6,065,787$363,569$0$3,721,925
81$6,607,744$304,631$0$4,025,080
82$7,202,563$240,387$0$4,357,960
83$7,855,560$170,501$0$4,723,621
84$8,572,590$94,619$0$5,125,429
85$9,360,103$12,364$0$5,567,103
86$10,225,206$0$0$6,052,741
87$11,175,726$0$0$6,613,016
88$12,220,287$0$0$7,233,434
89$13,368,389$0$0$7,915,430
90$14,630,499$0$0$8,665,232
91$16,018,148$0$0$9,489,700
92$17,544,040$0$0$10,396,393
93$19,222,173$0$0$11,393,639
94$21,067,967$0$0$12,490,614
95$23,098,414$0$0$13,697,427
96$25,332,234$0$0$15,025,218
97$27,790,055$0$0$16,486,258
98$30,494,601$0$0$18,094,072
99$33,470,916$0$0$19,863,558
100$36,746,589$0$0$21,811,135