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%13.4%
1 years$62,265$61,710$61,169$60,641$60,125$59,275
2 years$30,824$30,250$29,694$29,154$28,631$27,777
3 years$20,345$19,769$19,214$18,679$18,165$17,332
4 years$15,107$14,532$13,983$13,457$12,955$12,151
5 years$11,965$11,393$10,851$10,337$9,848$9,075
6 years$9,871$9,304$8,769$8,266$7,793$7,051
7 years$8,375$7,813$7,287$6,796$6,338$5,627
8 years$7,254$6,697$6,180$5,701$5,258$4,579
9 years$6,383$5,831$5,323$4,856$4,428$3,780
10 years$5,686$5,140$4,641$4,186$3,773$3,156
11 years$5,117$4,576$4,086$3,643$3,245$2,658
12 years$4,642$4,107$3,626$3,195$2,812$2,255
13 years$4,241$3,711$3,240$2,821$2,452$1,924
14 years$3,898$3,374$2,911$2,504$2,149$1,649
15 years$3,600$3,082$2,628$2,233$1,892$1,420
16 years$3,341$2,828$2,383$2,000$1,672$1,226
17 years$3,111$2,604$2,168$1,797$1,483$1,062
18 years$2,908$2,406$1,979$1,619$1,319$922
19 years$2,726$2,230$1,812$1,463$1,175$802
20 years$2,563$2,072$1,663$1,325$1,050$699
21 years$2,415$1,930$1,530$1,203$939$610
22 years$2,281$1,802$1,410$1,093$842$533
23 years$2,159$1,685$1,302$996$756$466
24 years$2,047$1,579$1,204$908$679$408
25 years$1,944$1,482$1,115$829$611$358
26 years$1,849$1,393$1,034$758$551$314
27 years$1,762$1,311$960$694$496$276
28 years$1,681$1,235$893$636$448$242
29 years$1,605$1,165$831$583$405$213
30 years$1,535$1,100$774$535$366$187
31 years$1,469$1,040$721$492$330$164
32 years$1,408$984$673$452$299$145
33 years$1,350$932$628$415$271$127
34 years$1,296$883$587$382$245$112
35 years$1,245$838$549$352$222$99
36 years$1,198$795$514$324$201$87
37 years$1,152$755$481$299$182$76
38 years$1,110$718$450$275$165$67
39 years$1,069$683$422$254$150$59
40 years$1,031$649$395$234$136$52
41 years$994$618$371$216$123$46
42 years$960$589$348$199$112$41
43 years$927$561$326$184$101$36
44 years$896$535$306$170$92$32
45 years$866$510$288$157$84$28
46 years$838$486$270$145$76$24
47 years$811$464$254$134$69$22
48 years$785$443$238$124$63$19
49 years$760$423$224$114$57$17
50 years$736$404$211$106$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $754,000, adding $5,820 every year, while hoping to spend $45,042 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: 52/26/22 Blend
52$754,000$754,000$754,000$754,000
53$836,911$796,949$785,262$875,050
54$874,352$788,076$763,644$893,114
55$914,102$777,257$739,792$907,629
56$956,349$764,352$713,584$922,473
57$1,001,299$749,208$684,892$937,695
58$1,049,178$731,665$653,582$953,349
59$1,100,231$711,553$619,514$969,498
60$1,154,728$688,693$582,541$986,215
61$1,212,966$662,895$542,512$1,003,583
62$1,275,269$633,957$499,266$1,021,696
63$1,341,991$601,666$452,637$1,040,663
64$1,413,524$565,797$402,450$1,060,607
65$1,490,295$526,112$348,523$1,081,665
66$1,572,772$482,359$290,666$1,103,995
67$1,661,472$434,272$228,681$1,127,775
68$1,756,961$381,569$162,360$1,153,206
69$1,859,858$323,954$91,486$1,180,512
70$1,970,848$261,112$15,835$1,209,949
71$2,090,679$192,710$0$1,241,801
72$2,220,174$118,400$0$1,291,625
73$2,360,241$37,810$0$1,349,501
74$2,511,872$0$0$1,412,173
75$2,676,163$0$0$1,494,302
76$2,854,316$0$0$1,595,155
77$3,047,654$0$0$1,704,670
78$3,257,632$0$0$1,823,681
79$3,485,850$0$0$1,953,102
80$3,734,068$0$0$2,093,941
81$4,004,223$0$0$2,247,307
82$4,298,446$0$0$2,414,420
83$4,619,083$0$0$2,596,621
84$4,968,713$0$0$2,795,389
85$5,350,179$0$0$3,012,350
86$5,766,605$0$0$3,249,293
87$6,221,434$0$0$3,508,189
88$6,718,454$0$0$3,791,208
89$7,261,838$0$0$4,100,738
90$7,856,177$0$0$4,439,410
91$8,506,527$0$0$4,810,118
92$9,218,458$0$0$5,216,052
93$9,998,099$0$0$5,660,724
94$10,852,204$0$0$6,147,999
95$11,788,209$0$0$6,682,139
96$12,814,301$0$0$7,267,832
97$13,939,502$0$0$7,910,246
98$15,173,744$0$0$8,615,070
99$16,527,970$0$0$9,388,573
100$18,014,232$0$0$10,237,658