Can I retire at age 53 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$62,182$61,628$61,088$60,560$60,045$59,517
2 years$30,783$30,210$29,654$29,116$28,593$28,061
3 years$20,318$19,742$19,188$18,655$18,141$17,621
4 years$15,087$14,513$13,964$13,440$12,938$12,435
5 years$11,949$11,378$10,837$10,323$9,835$9,350
6 years$9,857$9,291$8,758$8,255$7,782$7,316
7 years$8,364$7,803$7,278$6,787$6,329$5,881
8 years$7,245$6,688$6,172$5,694$5,251$4,821
9 years$6,375$5,823$5,316$4,850$4,422$4,011
10 years$5,679$5,133$4,635$4,180$3,768$3,375
11 years$5,110$4,570$4,080$3,638$3,240$2,866
12 years$4,636$4,101$3,621$3,191$2,808$2,451
13 years$4,236$3,707$3,235$2,817$2,449$2,109
14 years$3,893$3,369$2,907$2,501$2,146$1,824
15 years$3,596$3,078$2,624$2,230$1,890$1,584
16 years$3,336$2,824$2,379$1,997$1,670$1,380
17 years$3,107$2,601$2,165$1,794$1,481$1,206
18 years$2,904$2,403$1,977$1,617$1,317$1,057
19 years$2,722$2,227$1,809$1,461$1,174$928
20 years$2,559$2,070$1,661$1,323$1,048$817
21 years$2,412$1,928$1,527$1,201$938$720
22 years$2,278$1,799$1,408$1,092$841$635
23 years$2,156$1,683$1,300$995$755$561
24 years$2,044$1,577$1,202$907$678$496
25 years$1,941$1,480$1,113$828$611$440
26 years$1,847$1,391$1,033$757$550$390
27 years$1,759$1,309$959$693$496$345
28 years$1,678$1,233$891$635$447$307
29 years$1,603$1,164$830$583$404$272
30 years$1,533$1,099$773$535$365$242
31 years$1,467$1,039$720$491$330$215
32 years$1,406$983$672$451$299$191
33 years$1,349$931$628$415$270$170
34 years$1,295$882$586$382$245$151
35 years$1,244$837$548$351$222$135
36 years$1,196$794$513$324$201$120
37 years$1,151$754$480$298$182$107
38 years$1,108$717$449$275$165$95
39 years$1,068$682$421$253$150$85
40 years$1,029$649$395$234$136$75
41 years$993$617$370$216$123$67
42 years$959$588$347$199$112$60
43 years$926$560$326$184$101$53
44 years$895$534$306$170$92$48
45 years$865$509$287$157$84$42
46 years$837$486$270$145$76$38
47 years$809$464$253$134$69$34
48 years$784$443$238$124$63$30
49 years$759$423$224$114$57$27
50 years$735$404$210$106$52$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $753,000, adding $4,020 every year, while hoping to spend $52,977 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: 57/36/7 Blend
52$753,000$753,000$753,000$753,000
53$833,953$794,044$782,372$879,978
54$862,649$776,585$752,214$893,956
55$892,496$756,495$719,271$902,873
56$923,557$733,589$683,392$911,281
57$955,896$707,671$644,423$919,135
58$989,585$678,535$602,199$926,391
59$1,024,701$645,961$556,550$933,002
60$1,061,325$609,718$507,299$938,919
61$1,099,546$569,560$454,259$944,092
62$1,139,459$525,228$397,237$948,469
63$1,181,168$476,448$336,028$951,996
64$1,224,784$422,931$270,422$954,620
65$1,270,428$364,370$200,197$956,284
66$1,318,229$300,442$125,122$956,933
67$1,368,331$230,806$44,955$956,508
68$1,420,886$155,100$0$954,951
69$1,476,060$72,944$0$955,238
70$1,534,034$0$0$958,057
71$1,595,006$0$0$966,374
72$1,659,188$0$0$1,005,571
73$1,726,815$0$0$1,046,896
74$1,798,138$0$0$1,090,507
75$1,873,434$0$0$1,136,576
76$1,953,006$0$0$1,185,292
77$2,037,180$0$0$1,236,859
78$2,126,317$0$0$1,291,502
79$2,220,809$0$0$1,349,466
80$2,321,083$0$0$1,411,018
81$2,427,608$0$0$1,476,452
82$2,540,897$0$0$1,546,088
83$2,661,510$0$0$1,620,276
84$2,790,060$0$0$1,699,401
85$2,927,221$0$0$1,783,883
86$3,073,729$0$0$1,874,183
87$3,230,390$0$0$1,970,807
88$3,398,089$0$0$2,074,308
89$3,577,797$0$0$2,185,295
90$3,770,578$0$0$2,304,433
91$3,977,599$0$0$2,432,455
92$4,200,143$0$0$2,570,164
93$4,439,617$0$0$2,718,442
94$4,697,566$0$0$2,878,256
95$4,975,686$0$0$3,050,672
96$5,275,841$0$0$3,236,857
97$5,600,081$0$0$3,438,096
98$5,950,656$0$0$3,655,800
99$6,330,039$0$0$3,891,521
100$6,740,950$0$0$4,146,965