Can I retire at age 53 with 752,000?

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 $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%15.8%
1 years$62,099$61,546$61,007$60,480$59,966$58,540
2 years$30,742$30,170$29,615$29,077$28,555$27,127
3 years$20,291$19,716$19,163$18,630$18,116$16,731
4 years$15,067$14,494$13,946$13,422$12,921$11,588
5 years$11,933$11,363$10,822$10,309$9,822$8,546
6 years$9,844$9,279$8,746$8,244$7,772$6,554
7 years$8,353$7,792$7,268$6,778$6,321$5,161
8 years$7,235$6,679$6,164$5,686$5,244$4,141
9 years$6,366$5,816$5,309$4,843$4,416$3,370
10 years$5,671$5,126$4,628$4,175$3,763$2,773
11 years$5,103$4,564$4,075$3,633$3,236$2,300
12 years$4,630$4,096$3,616$3,187$2,804$1,921
13 years$4,230$3,702$3,231$2,814$2,445$1,613
14 years$3,888$3,365$2,903$2,498$2,144$1,361
15 years$3,591$3,074$2,621$2,227$1,887$1,152
16 years$3,332$2,820$2,376$1,994$1,668$978
17 years$3,103$2,597$2,162$1,792$1,479$833
18 years$2,900$2,400$1,974$1,615$1,315$710
19 years$2,719$2,224$1,807$1,459$1,172$607
20 years$2,556$2,067$1,658$1,322$1,047$520
21 years$2,409$1,925$1,525$1,199$937$445
22 years$2,275$1,797$1,406$1,091$840$382
23 years$2,153$1,681$1,298$993$754$328
24 years$2,041$1,575$1,201$906$678$282
25 years$1,939$1,478$1,112$827$610$242
26 years$1,844$1,389$1,031$756$549$209
27 years$1,757$1,307$958$692$495$180
28 years$1,676$1,232$890$634$447$155
29 years$1,601$1,162$828$582$403$133
30 years$1,531$1,097$772$534$365$115
31 years$1,465$1,037$719$490$330$99
32 years$1,404$982$671$451$298$85
33 years$1,347$930$627$414$270$74
34 years$1,293$881$586$381$244$64
35 years$1,242$836$547$351$221$55
36 years$1,194$793$512$323$200$47
37 years$1,149$753$479$298$182$41
38 years$1,107$716$449$275$165$35
39 years$1,066$681$421$253$149$30
40 years$1,028$648$394$233$135$26
41 years$992$617$370$215$123$23
42 years$957$587$347$199$112$20
43 years$925$559$325$184$101$17
44 years$893$533$305$169$92$15
45 years$864$509$287$156$83$13
46 years$835$485$269$145$76$11
47 years$808$463$253$134$69$9
48 years$783$442$238$123$62$8
49 years$758$422$224$114$57$7
50 years$734$403$210$105$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $752,000, adding $2,421 every year, while hoping to spend $44,199 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: 53/32/15 Blend
52$752,000$752,000$752,000$752,000
53$831,201$791,345$779,689$871,795
54$868,956$783,094$758,781$891,538
55$909,081$772,957$735,692$908,101
56$951,771$760,795$710,301$925,130
57$997,238$746,461$682,483$942,680
58$1,045,718$729,799$652,107$960,814
59$1,097,465$710,643$619,037$979,606
60$1,152,761$688,819$583,129$999,139
61$1,211,913$664,141$544,234$1,019,507
62$1,275,258$636,413$502,196$1,040,817
63$1,343,165$605,429$456,850$1,063,190
64$1,416,040$570,967$408,027$1,086,764
65$1,494,329$532,797$355,549$1,111,692
66$1,578,520$490,673$299,229$1,138,149
67$1,669,148$444,336$238,873$1,166,331
68$1,766,804$393,511$174,278$1,196,459
69$1,872,134$337,909$105,232$1,228,780
70$1,985,849$277,224$31,514$1,263,574
71$2,108,729$211,132$0$1,301,152
72$2,241,634$139,291$0$1,349,410
73$2,385,506$61,342$0$1,407,066
74$2,541,383$0$0$1,469,548
75$2,710,404$0$0$1,545,521
76$2,893,824$0$0$1,651,467
77$3,093,023$0$0$1,766,592
78$3,309,516$0$0$1,891,780
79$3,544,973$0$0$2,028,004
80$3,801,231$0$0$2,176,336
81$4,080,309$0$0$2,337,954
82$4,384,430$0$0$2,514,156
83$4,716,042$0$0$2,706,369
84$5,077,837$0$0$2,916,164
85$5,472,778$0$0$3,145,271
86$5,904,130$0$0$3,395,595
87$6,375,482$0$0$3,669,231
88$6,890,790$0$0$3,968,487
89$7,454,408$0$0$4,295,905
90$8,071,128$0$0$4,654,282
91$8,746,230$0$0$5,046,700
92$9,485,524$0$0$5,476,551
93$10,295,413$0$0$5,947,573
94$11,182,946$0$0$6,463,880
95$12,155,884$0$0$7,030,004
96$13,222,780$0$0$7,650,937
97$14,393,049$0$0$8,332,178
98$15,677,064$0$0$9,079,781
99$17,086,250$0$0$9,900,419
100$18,633,192$0$0$10,801,438