Can I retire at age 53 with 752,000?

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 $752,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$62,099$61,546$61,007$60,480$59,966$59,488
2 years$30,742$30,170$29,615$29,077$28,555$28,074
3 years$20,291$19,716$19,163$18,630$18,116$17,646
4 years$15,067$14,494$13,946$13,422$12,921$12,465
5 years$11,933$11,363$10,822$10,309$9,822$9,383
6 years$9,844$9,279$8,746$8,244$7,772$7,349
7 years$8,353$7,792$7,268$6,778$6,321$5,914
8 years$7,235$6,679$6,164$5,686$5,244$4,854
9 years$6,366$5,816$5,309$4,843$4,416$4,043
10 years$5,671$5,126$4,628$4,175$3,763$3,406
11 years$5,103$4,564$4,075$3,633$3,236$2,896
12 years$4,630$4,096$3,616$3,187$2,804$2,480
13 years$4,230$3,702$3,231$2,814$2,445$2,137
14 years$3,888$3,365$2,903$2,498$2,144$1,850
15 years$3,591$3,074$2,621$2,227$1,887$1,609
16 years$3,332$2,820$2,376$1,994$1,668$1,404
17 years$3,103$2,597$2,162$1,792$1,479$1,228
18 years$2,900$2,400$1,974$1,615$1,315$1,078
19 years$2,719$2,224$1,807$1,459$1,172$948
20 years$2,556$2,067$1,658$1,322$1,047$835
21 years$2,409$1,925$1,525$1,199$937$737
22 years$2,275$1,797$1,406$1,091$840$652
23 years$2,153$1,681$1,298$993$754$577
24 years$2,041$1,575$1,201$906$678$511
25 years$1,939$1,478$1,112$827$610$453
26 years$1,844$1,389$1,031$756$549$402
27 years$1,757$1,307$958$692$495$357
28 years$1,676$1,232$890$634$447$318
29 years$1,601$1,162$828$582$403$282
30 years$1,531$1,097$772$534$365$251
31 years$1,465$1,037$719$490$330$224
32 years$1,404$982$671$451$298$199
33 years$1,347$930$627$414$270$178
34 years$1,293$881$586$381$244$158
35 years$1,242$836$547$351$221$141
36 years$1,194$793$512$323$200$126
37 years$1,149$753$479$298$182$112
38 years$1,107$716$449$275$165$100
39 years$1,066$681$421$253$149$89
40 years$1,028$648$394$233$135$80
41 years$992$617$370$215$123$71
42 years$957$587$347$199$112$64
43 years$925$559$325$184$101$57
44 years$893$533$305$169$92$51
45 years$864$509$287$156$83$45
46 years$835$485$269$145$76$40
47 years$808$463$253$134$69$36
48 years$783$442$238$123$62$32
49 years$758$422$224$114$57$29
50 years$734$403$210$105$52$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $752,000, adding $5,689 every year, while hoping to spend $37,341 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: 71/21/8 Blend
52$752,000$752,000$752,000$752,000
53$834,572$794,716$783,060$892,296
54$879,968$793,927$769,562$930,419
55$928,743$791,847$754,360$966,973
56$981,202$788,375$737,359$1,005,957
57$1,037,679$783,400$718,455$1,047,602
58$1,098,545$776,809$697,546$1,092,160
59$1,164,201$768,478$674,518$1,139,913
60$1,235,093$758,277$649,258$1,191,170
61$1,311,709$746,068$621,645$1,246,272
62$1,394,585$731,707$591,551$1,305,596
63$1,484,310$715,038$558,845$1,369,559
64$1,581,532$695,897$523,389$1,438,621
65$1,686,964$674,113$485,039$1,513,290
66$1,801,391$649,500$443,644$1,594,125
67$1,925,672$621,866$399,046$1,681,746
68$2,060,758$591,004$351,081$1,776,835
69$2,207,690$556,698$299,577$1,880,148
70$2,367,617$518,719$244,355$1,992,515
71$2,541,801$476,823$185,228$2,114,858
72$2,731,631$430,753$121,999$2,248,189
73$2,938,636$380,239$54,465$2,393,629
74$3,164,500$324,994$0$2,552,415
75$3,411,075$264,715$0$2,727,414
76$3,680,400$199,081$0$2,923,687
77$3,974,720$127,755$0$3,138,264
78$4,296,507$50,381$0$3,372,998
79$4,648,482$0$0$3,629,937
80$5,033,640$0$0$3,919,059
81$5,455,282$0$0$4,248,350
82$5,917,040$0$0$4,609,010
83$6,422,914$0$0$5,004,167
84$6,977,312$0$0$5,437,269
85$7,585,084$0$0$5,912,112
86$8,251,577$0$0$6,432,877
87$8,982,675$0$0$7,004,168
88$9,784,862$0$0$7,631,058
89$10,665,280$0$0$8,319,133
90$11,631,795$0$0$9,074,547
91$12,693,072$0$0$9,904,080
92$13,858,657$0$0$10,815,199
93$15,139,064$0$0$11,816,130
94$16,545,878$0$0$12,915,937
95$18,091,860$0$0$14,124,602
96$19,791,068$0$0$15,453,126
97$21,658,992$0$0$16,913,625
98$23,712,695$0$0$18,519,450
99$25,970,977$0$0$20,285,309
100$28,454,550$0$0$22,227,407