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%13.6%
1 years$62,017$61,464$60,926$60,399$59,886$58,991
2 years$30,701$30,130$29,575$29,038$28,517$27,617
3 years$20,264$19,690$19,137$18,605$18,092$17,216
4 years$15,047$14,474$13,927$13,404$12,904$12,057
5 years$11,917$11,348$10,808$10,295$9,809$8,995
6 years$9,831$9,266$8,734$8,233$7,762$6,981
7 years$8,342$7,782$7,258$6,769$6,312$5,566
8 years$7,226$6,671$6,156$5,678$5,237$4,524
9 years$6,358$5,808$5,302$4,837$4,410$3,730
10 years$5,664$5,119$4,622$4,169$3,758$3,111
11 years$5,096$4,558$4,069$3,629$3,232$2,617
12 years$4,624$4,091$3,611$3,183$2,800$2,217
13 years$4,224$3,697$3,227$2,810$2,442$1,889
14 years$3,882$3,360$2,899$2,494$2,141$1,617
15 years$3,586$3,070$2,618$2,224$1,885$1,390
16 years$3,327$2,816$2,373$1,992$1,666$1,199
17 years$3,099$2,594$2,159$1,790$1,477$1,037
18 years$2,896$2,397$1,971$1,613$1,313$899
19 years$2,715$2,221$1,805$1,457$1,171$781
20 years$2,552$2,064$1,656$1,320$1,046$679
21 years$2,405$1,923$1,523$1,198$936$592
22 years$2,272$1,795$1,404$1,089$839$517
23 years$2,150$1,679$1,296$992$753$451
24 years$2,039$1,573$1,199$905$677$395
25 years$1,936$1,476$1,110$826$609$345
26 years$1,842$1,387$1,030$755$548$302
27 years$1,755$1,305$956$691$495$265
28 years$1,674$1,230$889$634$446$232
29 years$1,599$1,160$827$581$403$204
30 years$1,529$1,096$771$533$364$179
31 years$1,463$1,036$718$490$329$157
32 years$1,402$980$670$450$298$138
33 years$1,345$928$626$414$269$121
34 years$1,291$880$585$381$244$106
35 years$1,240$835$547$351$221$94
36 years$1,193$792$511$323$200$82
37 years$1,148$752$479$297$181$72
38 years$1,105$715$448$274$165$64
39 years$1,065$680$420$253$149$56
40 years$1,027$647$394$233$135$49
41 years$991$616$369$215$123$43
42 years$956$586$346$199$111$38
43 years$923$559$325$183$101$33
44 years$892$533$305$169$92$29
45 years$863$508$286$156$83$26
46 years$834$484$269$144$76$23
47 years$807$462$253$133$69$20
48 years$782$441$237$123$62$18
49 years$757$421$223$114$57$16
50 years$733$403$210$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $751,000, adding $5,981 every year, while hoping to spend $22,614 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: 65/11/24 Blend
52$751,000$751,000$751,000$751,000
53$833,771$793,968$782,328$882,403
54$894,755$808,812$784,475$930,741
55$961,201$823,624$785,936$980,469
56$1,033,643$838,381$786,664$1,034,304
57$1,112,667$853,055$786,610$1,092,653
58$1,198,920$867,615$785,722$1,155,963
59$1,293,112$882,031$783,946$1,224,724
60$1,396,028$896,269$781,226$1,299,481
61$1,508,527$910,291$777,502$1,380,832
62$1,631,560$924,058$772,712$1,469,436
63$1,766,171$937,529$766,790$1,566,021
64$1,913,511$950,657$759,667$1,671,388
65$2,074,845$963,396$751,272$1,786,422
66$2,251,570$975,693$741,530$1,912,097
67$2,445,220$987,492$730,362$2,049,488
68$2,657,489$998,736$717,685$2,199,780
69$2,890,239$1,009,360$703,414$2,364,278
70$3,145,523$1,019,298$687,458$2,544,423
71$3,425,601$1,028,478$669,722$2,741,802
72$3,732,962$1,036,824$650,108$2,958,166
73$4,070,350$1,044,254$628,513$3,195,443
74$4,440,786$1,050,682$604,827$3,455,762
75$4,847,596$1,056,016$578,939$3,741,466
76$5,294,447$1,060,157$550,730$4,055,143
77$5,785,378$1,063,002$520,077$4,399,641
78$6,324,837$1,064,439$486,849$4,778,103
79$6,917,725$1,064,351$450,914$5,193,992
80$7,569,442$1,062,613$412,128$5,651,127
81$8,285,937$1,059,093$370,346$6,153,718
82$9,073,762$1,053,649$325,413$6,706,404
83$9,940,140$1,046,132$277,169$7,314,300
84$10,893,026$1,036,384$225,445$7,983,046
85$11,941,184$1,024,236$170,067$8,718,857
86$13,094,272$1,009,510$110,851$9,528,585
87$14,362,930$992,019$47,607$10,419,783
88$15,758,882$971,561$0$11,400,775
89$17,295,045$947,925$0$12,485,831
90$18,985,653$920,886$0$13,693,316
91$20,846,388$890,208$0$15,022,231
92$22,894,531$855,639$0$16,484,925
93$25,149,121$816,914$0$18,095,004
94$27,631,139$773,750$0$19,867,465
95$30,363,701$725,850$0$21,818,832
96$33,372,283$672,900$0$23,967,314
97$36,684,951$614,568$0$26,332,978
98$40,332,635$550,501$0$28,937,937
99$44,349,416$480,328$0$31,806,561
100$48,772,849$403,657$0$34,965,704