Can I retire at age 53 with 750,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.7%
1 years$61,934$61,383$60,844$60,319$59,806$59,379
2 years$30,661$30,090$29,536$29,000$28,479$28,049
3 years$20,237$19,664$19,112$18,580$18,068$17,648
4 years$15,027$14,455$13,909$13,386$12,886$12,479
5 years$11,901$11,333$10,794$10,282$9,796$9,403
6 years$9,818$9,254$8,723$8,222$7,751$7,373
7 years$8,331$7,772$7,249$6,760$6,304$5,940
8 years$7,216$6,662$6,147$5,671$5,230$4,881
9 years$6,349$5,800$5,295$4,830$4,404$4,070
10 years$5,656$5,113$4,616$4,164$3,753$3,433
11 years$5,090$4,551$4,064$3,624$3,227$2,922
12 years$4,618$4,085$3,607$3,179$2,797$2,506
13 years$4,219$3,692$3,222$2,806$2,439$2,162
14 years$3,877$3,356$2,895$2,491$2,138$1,874
15 years$3,581$3,066$2,614$2,222$1,882$1,632
16 years$3,323$2,813$2,370$1,989$1,664$1,426
17 years$3,095$2,590$2,157$1,787$1,475$1,250
18 years$2,892$2,394$1,969$1,611$1,312$1,098
19 years$2,712$2,218$1,802$1,455$1,169$967
20 years$2,549$2,061$1,654$1,318$1,044$853
21 years$2,402$1,920$1,521$1,196$934$754
22 years$2,269$1,792$1,402$1,088$838$668
23 years$2,147$1,676$1,295$991$752$592
24 years$2,036$1,571$1,197$903$676$525
25 years$1,934$1,474$1,109$825$608$466
26 years$1,839$1,385$1,029$754$548$415
27 years$1,752$1,304$955$691$494$369
28 years$1,672$1,228$888$633$446$328
29 years$1,597$1,159$826$580$402$293
30 years$1,527$1,094$770$532$364$261
31 years$1,461$1,035$717$489$329$233
32 years$1,400$979$669$449$297$207
33 years$1,343$927$625$413$269$185
34 years$1,289$879$584$380$244$165
35 years$1,239$833$546$350$221$148
36 years$1,191$791$511$322$200$132
37 years$1,146$751$478$297$181$118
38 years$1,104$714$448$274$164$105
39 years$1,063$679$419$252$149$94
40 years$1,025$646$393$233$135$84
41 years$989$615$369$215$123$75
42 years$955$586$346$198$111$67
43 years$922$558$324$183$101$60
44 years$891$532$305$169$92$54
45 years$861$507$286$156$83$48
46 years$833$484$269$144$76$43
47 years$806$462$252$133$69$39
48 years$780$441$237$123$62$34
49 years$756$421$223$114$57$31
50 years$732$402$210$105$51$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $750,000, adding $4,115 every year, while hoping to spend $52,788 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: 44/44/12 Blend
52$750,000$750,000$750,000$750,000
53$830,745$790,995$779,370$864,261
54$859,315$773,587$749,312$870,609
55$889,029$753,558$716,479$871,825
56$919,950$730,722$680,721$871,971
57$952,142$704,885$641,883$870,971
58$985,677$675,840$599,801$868,743
59$1,020,628$643,368$554,307$865,202
60$1,057,079$607,240$505,223$860,259
61$1,095,117$567,211$452,364$853,821
62$1,134,836$523,021$395,535$845,791
63$1,176,339$474,399$334,536$836,068
64$1,219,737$421,056$269,154$824,546
65$1,265,149$362,686$199,169$811,114
66$1,312,704$298,968$124,351$795,659
67$1,362,542$229,560$44,460$778,062
68$1,414,817$154,104$0$758,199
69$1,469,692$72,219$0$741,168
70$1,527,348$0$0$728,026
71$1,587,978$0$0$720,960
72$1,651,795$0$0$750,360
73$1,719,030$0$0$781,368
74$1,789,933$0$0$814,105
75$1,864,778$0$0$848,701
76$1,943,865$0$0$885,300
77$2,027,517$0$0$924,059
78$2,116,092$0$0$965,147
79$2,209,977$0$0$1,008,751
80$2,309,597$0$0$1,055,076
81$2,415,415$0$0$1,104,344
82$2,527,939$0$0$1,156,799
83$2,647,725$0$0$1,212,709
84$2,775,379$0$0$1,272,366
85$2,911,568$0$0$1,336,091
86$3,057,022$0$0$1,404,234
87$3,212,538$0$0$1,477,182
88$3,378,994$0$0$1,555,357
89$3,557,349$0$0$1,639,222
90$3,748,659$0$0$1,729,286
91$3,954,078$0$0$1,826,106
92$4,174,877$0$0$1,930,296
93$4,412,447$0$0$2,042,528
94$4,668,320$0$0$2,163,540
95$4,944,174$0$0$2,294,145
96$5,241,856$0$0$2,435,235
97$5,563,392$0$0$2,587,788
98$5,911,011$0$0$2,752,884
99$6,287,162$0$0$2,931,705
100$6,694,538$0$0$3,125,553