Can I retire at age 53 with 754,000?

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 $754,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$62,265$61,710$61,169$60,641$60,125$58,624
2 years$30,824$30,250$29,694$29,154$28,631$27,128
3 years$20,345$19,769$19,214$18,679$18,165$16,707
4 years$15,107$14,532$13,983$13,457$12,955$11,554
5 years$11,965$11,393$10,851$10,337$9,848$8,508
6 years$9,871$9,304$8,769$8,266$7,793$6,514
7 years$8,375$7,813$7,287$6,796$6,338$5,120
8 years$7,254$6,697$6,180$5,701$5,258$4,102
9 years$6,383$5,831$5,323$4,856$4,428$3,332
10 years$5,686$5,140$4,641$4,186$3,773$2,736
11 years$5,117$4,576$4,086$3,643$3,245$2,266
12 years$4,642$4,107$3,626$3,195$2,812$1,889
13 years$4,241$3,711$3,240$2,821$2,452$1,583
14 years$3,898$3,374$2,911$2,504$2,149$1,332
15 years$3,600$3,082$2,628$2,233$1,892$1,125
16 years$3,341$2,828$2,383$2,000$1,672$954
17 years$3,111$2,604$2,168$1,797$1,483$810
18 years$2,908$2,406$1,979$1,619$1,319$690
19 years$2,726$2,230$1,812$1,463$1,175$588
20 years$2,563$2,072$1,663$1,325$1,050$502
21 years$2,415$1,930$1,530$1,203$939$429
22 years$2,281$1,802$1,410$1,093$842$367
23 years$2,159$1,685$1,302$996$756$315
24 years$2,047$1,579$1,204$908$679$270
25 years$1,944$1,482$1,115$829$611$232
26 years$1,849$1,393$1,034$758$551$199
27 years$1,762$1,311$960$694$496$171
28 years$1,681$1,235$893$636$448$147
29 years$1,605$1,165$831$583$405$126
30 years$1,535$1,100$774$535$366$108
31 years$1,469$1,040$721$492$330$93
32 years$1,408$984$673$452$299$80
33 years$1,350$932$628$415$271$69
34 years$1,296$883$587$382$245$59
35 years$1,245$838$549$352$222$51
36 years$1,198$795$514$324$201$44
37 years$1,152$755$481$299$182$38
38 years$1,110$718$450$275$165$33
39 years$1,069$683$422$254$150$28
40 years$1,031$649$395$234$136$24
41 years$994$618$371$216$123$21
42 years$960$589$348$199$112$18
43 years$927$561$326$184$101$15
44 years$896$535$306$170$92$13
45 years$866$510$288$157$84$11
46 years$838$486$270$145$76$10
47 years$811$464$254$134$69$8
48 years$785$443$238$124$63$7
49 years$760$423$224$114$57$6
50 years$736$404$211$106$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $754,000, adding $5,681 every year, while hoping to spend $27,322 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: 40/36/24 Blend
52$754,000$754,000$754,000$754,000
53$836,768$796,806$785,119$864,104
54$893,048$806,779$782,350$894,314
55$954,153$816,325$778,573$923,978
56$1,020,546$825,394$773,724$955,529
57$1,092,736$833,934$767,739$989,156
58$1,171,285$841,886$760,548$1,025,067
59$1,256,810$849,192$752,080$1,063,493
60$1,349,988$855,787$742,259$1,104,692
61$1,451,568$861,601$731,005$1,148,946
62$1,562,371$866,563$718,237$1,196,571
63$1,683,303$870,594$703,868$1,247,913
64$1,815,359$873,612$687,806$1,303,360
65$1,959,636$875,530$669,958$1,363,337
66$2,117,341$876,253$650,224$1,428,318
67$2,289,804$875,683$628,501$1,498,824
68$2,478,487$873,715$604,679$1,575,435
69$2,685,003$870,237$578,645$1,658,790
70$2,911,125$865,130$550,282$1,749,598
71$3,158,807$858,269$519,464$1,848,641
72$3,430,201$849,521$486,062$1,956,786
73$3,727,678$838,743$449,941$2,074,990
74$4,053,846$825,786$410,959$2,204,313
75$4,411,580$810,492$368,968$2,345,924
76$4,804,047$792,692$323,814$2,501,119
77$5,234,735$772,208$275,337$2,671,326
78$5,707,483$748,852$223,366$2,858,127
79$6,226,524$722,424$167,726$3,063,267
80$6,796,519$692,712$108,235$3,288,676
81$7,422,602$659,493$44,699$3,536,486
82$8,110,431$622,531$0$3,809,051
83$8,866,236$581,576$0$4,114,889
84$9,696,881$536,363$0$4,463,555
85$10,609,931$486,613$0$4,846,818
86$11,613,717$432,030$0$5,268,239
87$12,717,418$372,302$0$5,731,746
88$13,931,149$307,098$0$6,241,673
89$15,266,052$236,072$0$6,802,798
90$16,734,404$158,854$0$7,420,395
91$18,349,730$75,055$0$8,100,277
92$20,126,935$0$0$8,848,860
93$22,082,440$0$0$9,679,449
94$24,234,336$0$0$10,626,289
95$26,602,560$0$0$11,668,431
96$29,209,076$0$0$12,815,557
97$32,078,089$0$0$14,078,334
98$35,236,265$0$0$15,468,515
99$38,712,992$0$0$16,999,052
100$42,540,647$0$0$18,684,215