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%15.5%
1 years$62,099$61,546$61,007$60,480$59,966$58,611
2 years$30,742$30,170$29,615$29,077$28,555$27,198
3 years$20,291$19,716$19,163$18,630$18,116$16,799
4 years$15,067$14,494$13,946$13,422$12,921$11,653
5 years$11,933$11,363$10,822$10,309$9,822$8,607
6 years$9,844$9,279$8,746$8,244$7,772$6,612
7 years$8,353$7,792$7,268$6,778$6,321$5,215
8 years$7,235$6,679$6,164$5,686$5,244$4,192
9 years$6,366$5,816$5,309$4,843$4,416$3,418
10 years$5,671$5,126$4,628$4,175$3,763$2,817
11 years$5,103$4,564$4,075$3,633$3,236$2,342
12 years$4,630$4,096$3,616$3,187$2,804$1,960
13 years$4,230$3,702$3,231$2,814$2,445$1,649
14 years$3,888$3,365$2,903$2,498$2,144$1,394
15 years$3,591$3,074$2,621$2,227$1,887$1,182
16 years$3,332$2,820$2,376$1,994$1,668$1,006
17 years$3,103$2,597$2,162$1,792$1,479$858
18 years$2,900$2,400$1,974$1,615$1,315$734
19 years$2,719$2,224$1,807$1,459$1,172$629
20 years$2,556$2,067$1,658$1,322$1,047$539
21 years$2,409$1,925$1,525$1,199$937$463
22 years$2,275$1,797$1,406$1,091$840$398
23 years$2,153$1,681$1,298$993$754$343
24 years$2,041$1,575$1,201$906$678$295
25 years$1,939$1,478$1,112$827$610$255
26 years$1,844$1,389$1,031$756$549$220
27 years$1,757$1,307$958$692$495$189
28 years$1,676$1,232$890$634$447$164
29 years$1,601$1,162$828$582$403$141
30 years$1,531$1,097$772$534$365$122
31 years$1,465$1,037$719$490$330$106
32 years$1,404$982$671$451$298$91
33 years$1,347$930$627$414$270$79
34 years$1,293$881$586$381$244$68
35 years$1,242$836$547$351$221$59
36 years$1,194$793$512$323$200$51
37 years$1,149$753$479$298$182$44
38 years$1,107$716$449$275$165$38
39 years$1,066$681$421$253$149$33
40 years$1,028$648$394$233$135$29
41 years$992$617$370$215$123$25
42 years$957$587$347$199$112$21
43 years$925$559$325$184$101$19
44 years$893$533$305$169$92$16
45 years$864$509$287$156$83$14
46 years$835$485$269$145$76$12
47 years$808$463$253$134$69$10
48 years$783$442$238$123$62$9
49 years$758$422$224$114$57$8
50 years$734$403$210$105$52$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $752,000, adding $5,912 every year, while hoping to spend $25,487 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: 69/11/20 Blend
52$752,000$752,000$752,000$752,000
53$834,802$794,946$783,290$887,899
54$892,834$806,781$782,412$935,949
55$955,931$818,341$780,651$984,967
56$1,024,583$829,586$777,950$1,037,980
57$1,099,328$840,474$774,249$1,095,381
58$1,180,760$850,957$769,486$1,157,603
59$1,269,530$860,987$763,597$1,225,122
60$1,366,358$870,511$756,514$1,298,465
61$1,472,034$879,473$748,164$1,378,211
62$1,587,426$887,813$738,473$1,465,001
63$1,713,495$895,467$727,362$1,559,537
64$1,851,293$902,366$714,750$1,662,598
65$2,001,981$908,438$700,551$1,775,041
66$2,166,838$913,607$684,675$1,897,809
67$2,347,272$917,790$667,027$2,031,944
68$2,544,831$920,899$647,510$2,178,594
69$2,761,222$922,841$626,020$2,339,024
70$2,998,325$923,519$602,450$2,514,631
71$3,258,210$922,827$576,688$2,706,953
72$3,543,156$920,654$548,615$2,917,686
73$3,855,673$916,881$518,109$3,148,700
74$4,198,527$911,384$485,041$3,402,057
75$4,574,764$904,029$449,277$3,680,030
76$4,987,738$894,675$410,677$3,985,125
77$5,441,146$883,173$369,093$4,320,104
78$5,939,059$869,363$324,373$4,688,013
79$6,485,960$853,079$276,357$5,092,210
80$7,086,790$834,143$224,877$5,536,397
81$7,746,992$812,365$169,760$6,024,653
82$8,472,561$787,547$110,823$6,561,478
83$9,270,102$759,477$47,875$7,151,830
84$10,146,893$727,931$0$7,801,176
85$11,110,951$692,674$0$8,519,661
86$12,171,108$653,455$0$9,320,981
87$13,337,096$610,010$0$10,202,276
88$14,619,639$562,059$0$11,171,667
89$16,030,548$509,307$0$12,238,103
90$17,582,842$451,440$0$13,411,444
91$19,290,860$388,129$0$14,702,557
92$21,170,405$319,025$0$16,123,417
93$23,238,888$243,758$0$17,687,220
94$25,515,492$161,940$0$19,408,508
95$28,021,357$73,160$0$21,303,306
96$30,779,773$0$0$23,389,275
97$33,816,406$0$0$25,688,661
98$37,159,533$0$0$28,229,931
99$40,840,316$0$0$31,027,924
100$44,893,090$0$0$34,108,745