Can I retire at age 53 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$62,017$61,464$60,926$60,399$59,886$58,557
2 years$30,701$30,130$29,575$29,038$28,517$27,185
3 years$20,264$19,690$19,137$18,605$18,092$16,799
4 years$15,047$14,474$13,927$13,404$12,904$11,659
5 years$11,917$11,348$10,808$10,295$9,809$8,616
6 years$9,831$9,266$8,734$8,233$7,762$6,622
7 years$8,342$7,782$7,258$6,769$6,312$5,226
8 years$7,226$6,671$6,156$5,678$5,237$4,204
9 years$6,358$5,808$5,302$4,837$4,410$3,429
10 years$5,664$5,119$4,622$4,169$3,758$2,828
11 years$5,096$4,558$4,069$3,629$3,232$2,352
12 years$4,624$4,091$3,611$3,183$2,800$1,970
13 years$4,224$3,697$3,227$2,810$2,442$1,659
14 years$3,882$3,360$2,899$2,494$2,141$1,403
15 years$3,586$3,070$2,618$2,224$1,885$1,191
16 years$3,327$2,816$2,373$1,992$1,666$1,014
17 years$3,099$2,594$2,159$1,790$1,477$866
18 years$2,896$2,397$1,971$1,613$1,313$741
19 years$2,715$2,221$1,805$1,457$1,171$635
20 years$2,552$2,064$1,656$1,320$1,046$545
21 years$2,405$1,923$1,523$1,198$936$469
22 years$2,272$1,795$1,404$1,089$839$403
23 years$2,150$1,679$1,296$992$753$347
24 years$2,039$1,573$1,199$905$677$299
25 years$1,936$1,476$1,110$826$609$258
26 years$1,842$1,387$1,030$755$548$223
27 years$1,755$1,305$956$691$495$193
28 years$1,674$1,230$889$634$446$166
29 years$1,599$1,160$827$581$403$144
30 years$1,529$1,096$771$533$364$124
31 years$1,463$1,036$718$490$329$108
32 years$1,402$980$670$450$298$93
33 years$1,345$928$626$414$269$81
34 years$1,291$880$585$381$244$70
35 years$1,240$835$547$351$221$60
36 years$1,193$792$511$323$200$52
37 years$1,148$752$479$297$181$45
38 years$1,105$715$448$274$165$39
39 years$1,065$680$420$253$149$34
40 years$1,027$647$394$233$135$29
41 years$991$616$369$215$123$25
42 years$956$586$346$199$111$22
43 years$923$559$325$183$101$19
44 years$892$533$305$169$92$17
45 years$863$508$286$156$83$14
46 years$834$484$269$144$76$12
47 years$807$462$253$133$69$11
48 years$782$441$237$123$62$9
49 years$757$421$223$114$57$8
50 years$733$403$210$105$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $751,000, adding $5,607 every year, while hoping to spend $25,004 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: 84/8/8 Blend
52$751,000$751,000$751,000$751,000
53$833,386$793,583$781,942$902,163
54$891,787$805,864$781,533$960,210
55$955,307$817,909$780,272$1,019,993
56$1,024,442$829,680$778,105$1,084,878
57$1,099,737$841,137$774,973$1,155,362
58$1,181,792$852,234$770,817$1,231,991
59$1,271,268$862,927$765,573$1,315,369
60$1,368,892$873,165$759,174$1,406,158
61$1,475,465$882,896$751,552$1,505,089
62$1,591,866$892,062$742,633$1,612,968
63$1,719,067$900,603$732,341$1,730,680
64$1,858,134$908,455$720,597$1,859,201
65$2,010,243$915,549$707,317$1,999,609
66$2,176,688$921,811$692,412$2,153,086
67$2,358,895$927,165$675,793$2,320,939
68$2,558,433$931,527$657,363$2,504,605
69$2,777,031$934,809$637,022$2,705,669
70$3,016,590$936,917$614,664$2,925,876
71$3,279,209$937,752$590,182$3,167,150
72$3,567,194$937,208$563,459$3,431,608
73$3,883,090$935,173$534,377$3,721,586
74$4,229,696$931,527$502,809$4,039,656
75$4,610,098$926,145$468,626$4,388,652
76$5,027,693$918,892$431,691$4,771,698
77$5,486,226$909,625$391,860$5,192,234
78$5,989,818$898,194$348,984$5,654,053
79$6,543,012$884,438$302,909$6,161,333
80$7,150,813$868,189$253,469$6,718,679
81$7,818,733$849,267$200,497$7,331,164
82$8,552,844$827,481$143,814$8,004,380
83$9,359,837$802,631$83,235$8,744,488
84$10,247,084$774,504$18,567$9,558,277
85$11,222,705$742,873$0$10,453,230
86$12,295,647$707,500$0$11,441,897
87$13,475,769$668,133$0$12,531,030
88$14,773,931$624,505$0$13,729,074
89$16,202,100$576,334$0$15,047,083
90$17,773,462$523,322$0$16,497,235
91$19,502,542$465,152$0$18,092,953
92$21,405,348$401,491$0$19,849,026
93$23,499,518$331,988$0$21,781,750
94$25,804,484$256,271$0$23,909,084
95$28,341,659$173,946$0$26,250,815
96$31,134,636$84,598$0$28,828,749
97$34,209,415$0$0$31,666,916
98$37,594,641$0$0$34,792,868
99$41,321,880$0$0$38,242,855
100$45,425,913$0$0$42,041,625