Can I retire at age 53 with 753,000?

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 $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%11.6%
1 years$62,182$61,628$61,088$60,560$60,045$59,642
2 years$30,783$30,210$29,654$29,116$28,593$28,186
3 years$20,318$19,742$19,188$18,655$18,141$17,743
4 years$15,087$14,513$13,964$13,440$12,938$12,553
5 years$11,949$11,378$10,837$10,323$9,835$9,463
6 years$9,857$9,291$8,758$8,255$7,782$7,424
7 years$8,364$7,803$7,278$6,787$6,329$5,985
8 years$7,245$6,688$6,172$5,694$5,251$4,920
9 years$6,375$5,823$5,316$4,850$4,422$4,105
10 years$5,679$5,133$4,635$4,180$3,768$3,465
11 years$5,110$4,570$4,080$3,638$3,240$2,951
12 years$4,636$4,101$3,621$3,191$2,808$2,532
13 years$4,236$3,707$3,235$2,817$2,449$2,186
14 years$3,893$3,369$2,907$2,501$2,146$1,896
15 years$3,596$3,078$2,624$2,230$1,890$1,652
16 years$3,336$2,824$2,379$1,997$1,670$1,445
17 years$3,107$2,601$2,165$1,794$1,481$1,267
18 years$2,904$2,403$1,977$1,617$1,317$1,114
19 years$2,722$2,227$1,809$1,461$1,174$982
20 years$2,559$2,070$1,661$1,323$1,048$867
21 years$2,412$1,928$1,527$1,201$938$767
22 years$2,278$1,799$1,408$1,092$841$679
23 years$2,156$1,683$1,300$995$755$603
24 years$2,044$1,577$1,202$907$678$535
25 years$1,941$1,480$1,113$828$611$476
26 years$1,847$1,391$1,033$757$550$423
27 years$1,759$1,309$959$693$496$377
28 years$1,678$1,233$891$635$447$336
29 years$1,603$1,164$830$583$404$299
30 years$1,533$1,099$773$535$365$267
31 years$1,467$1,039$720$491$330$238
32 years$1,406$983$672$451$299$213
33 years$1,349$931$628$415$270$190
34 years$1,295$882$586$382$245$170
35 years$1,244$837$548$351$222$152
36 years$1,196$794$513$324$201$136
37 years$1,151$754$480$298$182$121
38 years$1,108$717$449$275$165$109
39 years$1,068$682$421$253$150$97
40 years$1,029$649$395$234$136$87
41 years$993$617$370$216$123$78
42 years$959$588$347$199$112$70
43 years$926$560$326$184$101$62
44 years$895$534$306$170$92$56
45 years$865$509$287$157$84$50
46 years$837$486$270$145$76$45
47 years$809$464$253$134$69$40
48 years$784$443$238$124$63$36
49 years$759$423$224$114$57$32
50 years$735$404$210$106$52$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $753,000, adding $3,216 every year, while hoping to spend $39,813 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: 53/21/26 Blend
52$753,000$753,000$753,000$753,000
53$833,123$793,214$781,543$871,097
54$875,741$789,721$765,364$894,209
55$921,372$784,722$747,308$915,004
56$970,280$778,102$727,272$936,828
57$1,022,757$769,738$705,144$959,793
58$1,079,123$759,499$680,811$984,027
59$1,139,727$747,249$654,152$1,009,672
60$1,204,955$732,839$625,041$1,036,886
61$1,275,229$716,117$593,348$1,065,847
62$1,351,012$696,917$558,936$1,096,754
63$1,432,816$675,066$521,660$1,129,827
64$1,521,199$650,380$481,372$1,165,313
65$1,616,778$622,666$437,915$1,203,488
66$1,720,229$591,716$391,125$1,244,655
67$1,832,296$557,314$340,831$1,289,158
68$1,953,797$519,229$286,856$1,337,374
69$2,085,631$477,218$229,012$1,389,726
70$2,228,788$431,024$167,106$1,446,683
71$2,384,355$380,375$100,935$1,508,765
72$2,553,529$324,983$30,286$1,576,551
73$2,737,626$264,544$0$1,650,685
74$2,938,097$198,739$0$1,744,394
75$3,156,534$127,229$0$1,855,736
76$3,394,692$49,655$0$1,977,245
77$3,654,502$0$0$2,109,966
78$3,938,090$0$0$2,262,991
79$4,247,795$0$0$2,442,709
80$4,586,193$0$0$2,639,148
81$4,956,118$0$0$2,853,964
82$5,360,693$0$0$3,088,978
83$5,803,355$0$0$3,346,196
84$6,287,889$0$0$3,627,828
85$6,818,461$0$0$3,936,307
86$7,399,662$0$0$4,274,312
87$8,036,545$0$0$4,644,793
88$8,734,677$0$0$5,050,999
89$9,500,188$0$0$5,496,511
90$10,339,831$0$0$5,985,269
91$11,261,042$0$0$6,521,616
92$12,272,012$0$0$7,110,335
93$13,381,766$0$0$7,756,694
94$14,600,241$0$0$8,466,497
95$15,938,388$0$0$9,246,135
96$17,408,266$0$0$10,102,653
97$19,023,163$0$0$11,043,808
98$20,797,716$0$0$12,078,147
99$22,748,051$0$0$13,215,087
100$24,891,932$0$0$14,465,002