Can I retire at age 53 with 755,000?

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 $755,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$62,347$61,792$61,250$60,721$60,205$59,527
2 years$30,865$30,290$29,733$29,193$28,669$27,986
3 years$20,372$19,795$19,239$18,704$18,189$17,523
4 years$15,127$14,551$14,001$13,475$12,972$12,328
5 years$11,981$11,408$10,866$10,350$9,861$9,241
6 years$9,884$9,316$8,781$8,277$7,803$7,207
7 years$8,386$7,823$7,297$6,805$6,346$5,774
8 years$7,264$6,706$6,188$5,709$5,265$4,718
9 years$6,392$5,839$5,330$4,863$4,434$3,911
10 years$5,694$5,147$4,647$4,192$3,778$3,279
11 years$5,124$4,582$4,091$3,648$3,249$2,774
12 years$4,649$4,112$3,631$3,200$2,815$2,364
13 years$4,247$3,716$3,244$2,825$2,455$2,026
14 years$3,903$3,378$2,915$2,508$2,152$1,745
15 years$3,605$3,086$2,631$2,236$1,895$1,509
16 years$3,345$2,831$2,386$2,002$1,675$1,310
17 years$3,115$2,608$2,171$1,799$1,485$1,140
18 years$2,912$2,409$1,982$1,621$1,320$994
19 years$2,730$2,233$1,814$1,465$1,177$869
20 years$2,566$2,075$1,665$1,327$1,051$762
21 years$2,418$1,933$1,532$1,204$941$668
22 years$2,284$1,804$1,412$1,095$843$587
23 years$2,161$1,687$1,303$997$757$516
24 years$2,049$1,581$1,205$909$680$455
25 years$1,947$1,484$1,116$831$612$401
26 years$1,852$1,394$1,035$759$551$353
27 years$1,764$1,312$961$695$497$312
28 years$1,683$1,237$894$637$449$276
29 years$1,607$1,167$832$584$405$243
30 years$1,537$1,102$775$536$366$215
31 years$1,471$1,042$722$492$331$190
32 years$1,410$985$674$452$299$168
33 years$1,352$933$629$416$271$149
34 years$1,298$885$588$383$245$132
35 years$1,247$839$550$352$222$117
36 years$1,199$796$514$325$201$104
37 years$1,154$756$481$299$182$92
38 years$1,111$719$451$276$165$81
39 years$1,071$683$422$254$150$72
40 years$1,032$650$396$234$136$64
41 years$996$619$371$216$123$57
42 years$961$590$348$200$112$50
43 years$928$562$327$184$102$44
44 years$897$535$307$170$92$39
45 years$867$511$288$157$84$35
46 years$839$487$270$145$76$31
47 years$812$465$254$134$69$28
48 years$786$444$239$124$63$24
49 years$761$424$224$114$57$22
50 years$737$405$211$106$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $755,000, adding $4,890 every year, while hoping to spend $53,568 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: 66/7/27 Blend
52$755,000$755,000$755,000$755,000
53$837,054$797,039$785,337$886,074
54$865,438$779,098$754,649$901,788
55$894,921$758,483$721,139$912,511
56$925,560$735,005$684,654$923,038
57$957,413$708,467$645,036$933,354
58$990,545$678,658$602,121$943,445
59$1,025,025$645,355$555,736$953,295
60$1,060,924$608,325$505,700$962,892
61$1,098,323$567,317$451,825$972,221
62$1,137,306$522,070$393,915$981,269
63$1,177,964$472,304$331,764$990,027
64$1,220,395$417,726$265,157$998,484
65$1,264,707$358,026$193,871$1,006,632
66$1,311,013$292,875$117,672$1,014,466
67$1,359,437$221,927$36,315$1,021,982
68$1,410,114$144,815$0$1,029,180
69$1,463,188$61,154$0$1,050,613
70$1,518,817$0$0$1,083,849
71$1,577,171$0$0$1,120,776
72$1,638,435$0$0$1,164,506
73$1,702,811$0$0$1,210,472
74$1,770,516$0$0$1,258,833
75$1,841,790$0$0$1,309,761
76$1,916,889$0$0$1,363,444
77$1,996,097$0$0$1,420,084
78$2,079,719$0$0$1,479,906
79$2,168,092$0$0$1,543,151
80$2,261,581$0$0$1,610,084
81$2,360,584$0$0$1,680,994
82$2,465,538$0$0$1,756,198
83$2,576,919$0$0$1,836,041
84$2,695,247$0$0$1,920,900
85$2,821,092$0$0$2,011,188
86$2,955,078$0$0$2,107,358
87$3,097,886$0$0$2,209,905
88$3,250,265$0$0$2,319,371
89$3,413,033$0$0$2,436,350
90$3,587,088$0$0$2,561,494
91$3,773,412$0$0$2,695,516
92$3,973,086$0$0$2,839,201
93$4,187,292$0$0$2,993,406
94$4,417,329$0$0$3,159,076
95$4,664,622$0$0$3,337,244
96$4,930,736$0$0$3,529,048
97$5,217,389$0$0$3,735,736
98$5,526,468$0$0$3,958,677
99$5,860,045$0$0$4,199,378
100$6,220,398$0$0$4,459,493