Can I retire at age 53 with 754,000?

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 $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%11%
1 years$62,265$61,710$61,169$60,641$60,125$59,872
2 years$30,824$30,250$29,694$29,154$28,631$28,375
3 years$20,345$19,769$19,214$18,679$18,165$17,914
4 years$15,107$14,532$13,983$13,457$12,955$12,712
5 years$11,965$11,393$10,851$10,337$9,848$9,614
6 years$9,871$9,304$8,769$8,266$7,793$7,566
7 years$8,375$7,813$7,287$6,796$6,338$6,120
8 years$7,254$6,697$6,180$5,701$5,258$5,048
9 years$6,383$5,831$5,323$4,856$4,428$4,227
10 years$5,686$5,140$4,641$4,186$3,773$3,580
11 years$5,117$4,576$4,086$3,643$3,245$3,061
12 years$4,642$4,107$3,626$3,195$2,812$2,636
13 years$4,241$3,711$3,240$2,821$2,452$2,284
14 years$3,898$3,374$2,911$2,504$2,149$1,989
15 years$3,600$3,082$2,628$2,233$1,892$1,740
16 years$3,341$2,828$2,383$2,000$1,672$1,528
17 years$3,111$2,604$2,168$1,797$1,483$1,345
18 years$2,908$2,406$1,979$1,619$1,319$1,188
19 years$2,726$2,230$1,812$1,463$1,175$1,051
20 years$2,563$2,072$1,663$1,325$1,050$933
21 years$2,415$1,930$1,530$1,203$939$828
22 years$2,281$1,802$1,410$1,093$842$737
23 years$2,159$1,685$1,302$996$756$657
24 years$2,047$1,579$1,204$908$679$586
25 years$1,944$1,482$1,115$829$611$523
26 years$1,849$1,393$1,034$758$551$468
27 years$1,762$1,311$960$694$496$418
28 years$1,681$1,235$893$636$448$375
29 years$1,605$1,165$831$583$405$336
30 years$1,535$1,100$774$535$366$301
31 years$1,469$1,040$721$492$330$270
32 years$1,408$984$673$452$299$242
33 years$1,350$932$628$415$271$217
34 years$1,296$883$587$382$245$195
35 years$1,245$838$549$352$222$175
36 years$1,198$795$514$324$201$157
37 years$1,152$755$481$299$182$142
38 years$1,110$718$450$275$165$127
39 years$1,069$683$422$254$150$114
40 years$1,031$649$395$234$136$103
41 years$994$618$371$216$123$93
42 years$960$589$348$199$112$83
43 years$927$561$326$184$101$75
44 years$896$535$306$170$92$67
45 years$866$510$288$157$84$61
46 years$838$486$270$145$76$55
47 years$811$464$254$134$69$49
48 years$785$443$238$124$63$44
49 years$760$423$224$114$57$40
50 years$736$404$211$106$52$36

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $754,000, adding $4,048 every year, while hoping to spend $55,043 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: 43/40/17 Blend
52$754,000$754,000$754,000$754,000
53$835,084$795,122$783,435$866,702
54$861,697$775,517$751,114$869,748
55$889,180$753,107$715,866$867,302
56$917,563$727,697$677,535$863,487
57$946,878$699,078$635,956$858,200
58$977,159$667,032$590,960$851,337
59$1,008,441$631,327$542,368$842,786
60$1,040,758$591,719$489,994$832,427
61$1,074,150$547,948$433,644$820,137
62$1,108,656$499,740$373,113$805,783
63$1,144,317$446,805$308,191$789,227
64$1,181,177$388,838$238,655$770,322
65$1,219,280$325,515$164,273$748,913
66$1,258,676$256,494$84,805$724,837
67$1,299,413$181,414$0$697,922
68$1,341,544$99,895$0$667,988
69$1,385,126$11,534$0$651,259
70$1,430,214$0$0$632,186
71$1,476,872$0$0$647,625
72$1,525,163$0$0$668,863
73$1,575,156$0$0$690,857
74$1,626,923$0$0$713,637
75$1,680,539$0$0$737,239
76$1,736,086$0$0$761,699
77$1,793,649$0$0$787,055
78$1,853,318$0$0$813,349
79$1,915,191$0$0$840,625
80$1,979,368$0$0$868,929
81$2,045,960$0$0$898,310
82$2,115,082$0$0$928,822
83$2,186,858$0$0$960,521
84$2,261,421$0$0$993,467
85$2,338,911$0$0$1,027,725
86$2,419,481$0$0$1,063,365
87$2,503,291$0$0$1,100,461
88$2,590,517$0$0$1,139,093
89$2,681,343$0$0$1,179,346
90$2,775,972$0$0$1,221,313
91$2,874,619$0$0$1,265,093
92$2,977,516$0$0$1,310,794
93$3,084,913$0$0$1,358,531
94$3,197,082$0$0$1,408,429
95$3,314,313$0$0$1,460,625
96$3,436,921$0$0$1,515,262
97$3,565,250$0$0$1,572,501
98$3,699,667$0$0$1,632,513
99$3,840,574$0$0$1,695,484
100$3,988,405$0$0$1,761,616