Can I retire at age 53 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$62,430$61,874$61,331$60,802$60,285$59,482
2 years$30,906$30,330$29,772$29,232$28,707$27,900
3 years$20,399$19,821$19,265$18,729$18,213$17,426
4 years$15,147$14,571$14,020$13,493$12,990$12,229
5 years$11,996$11,424$10,880$10,364$9,874$9,143
6 years$9,897$9,328$8,793$8,288$7,813$7,111
7 years$8,398$7,834$7,307$6,814$6,354$5,682
8 years$7,274$6,715$6,197$5,716$5,272$4,629
9 years$6,400$5,847$5,337$4,869$4,439$3,826
10 years$5,701$5,154$4,653$4,197$3,783$3,198
11 years$5,130$4,588$4,096$3,653$3,253$2,697
12 years$4,655$4,118$3,636$3,204$2,819$2,291
13 years$4,253$3,721$3,248$2,829$2,458$1,957
14 years$3,908$3,383$2,918$2,511$2,155$1,680
15 years$3,610$3,090$2,635$2,239$1,897$1,448
16 years$3,349$2,835$2,389$2,005$1,677$1,252
17 years$3,120$2,611$2,174$1,802$1,487$1,086
18 years$2,916$2,413$1,984$1,624$1,322$944
19 years$2,733$2,236$1,817$1,467$1,178$823
20 years$2,569$2,078$1,667$1,329$1,053$718
21 years$2,421$1,935$1,534$1,206$942$627
22 years$2,287$1,807$1,413$1,096$844$549
23 years$2,164$1,690$1,305$998$758$481
24 years$2,052$1,583$1,207$911$681$422
25 years$1,949$1,486$1,118$832$613$371
26 years$1,854$1,396$1,037$760$552$326
27 years$1,766$1,314$963$696$498$286
28 years$1,685$1,238$895$638$449$252
29 years$1,609$1,168$833$585$406$222
30 years$1,539$1,103$776$537$366$195
31 years$1,473$1,043$723$493$331$172
32 years$1,412$987$675$453$300$151
33 years$1,354$935$630$417$271$133
34 years$1,300$886$589$383$246$118
35 years$1,249$840$550$353$222$104
36 years$1,201$797$515$325$202$92
37 years$1,155$757$482$299$183$81
38 years$1,113$720$451$276$166$71
39 years$1,072$684$423$254$150$63
40 years$1,034$651$396$235$136$55
41 years$997$620$372$217$124$49
42 years$962$590$349$200$112$43
43 years$930$562$327$184$102$38
44 years$898$536$307$170$92$34
45 years$868$511$288$157$84$30
46 years$840$488$271$145$76$26
47 years$813$465$254$134$69$23
48 years$787$444$239$124$63$20
49 years$762$424$225$115$57$18
50 years$738$405$211$106$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $756,000, adding $5,137 every year, while hoping to spend $39,114 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: 48/35/17 Blend
52$756,000$756,000$756,000$756,000
53$838,411$798,343$786,625$874,423
54$882,312$795,845$771,360$897,414
55$929,380$791,913$754,272$917,960
56$979,896$786,437$735,260$939,427
57$1,034,171$779,297$714,217$961,918
58$1,092,542$770,369$691,029$985,545
59$1,155,384$759,519$665,581$1,010,438
60$1,223,104$746,607$637,749$1,036,739
61$1,296,153$731,483$607,406$1,064,608
62$1,375,024$713,989$574,418$1,094,226
63$1,460,260$693,958$538,644$1,125,793
64$1,552,457$671,212$499,939$1,159,535
65$1,652,270$645,564$458,150$1,195,702
66$1,760,421$616,816$413,116$1,234,574
67$1,877,701$584,757$364,673$1,276,465
68$2,004,981$549,165$312,644$1,321,724
69$2,143,220$509,805$256,849$1,370,738
70$2,293,472$466,429$197,097$1,423,942
71$2,456,897$418,775$133,190$1,481,817
72$2,634,770$366,564$64,922$1,544,901
73$2,828,495$309,504$0$1,613,790
74$3,039,617$247,285$0$1,690,587
75$3,269,835$179,580$0$1,787,252
76$3,521,022$106,042$0$1,892,859
77$3,795,235$26,308$0$2,008,363
78$4,094,744$0$0$2,134,822
79$4,422,042$0$0$2,296,518
80$4,779,879$0$0$2,484,458
81$5,171,279$0$0$2,690,110
82$5,599,572$0$0$2,915,234
83$6,068,428$0$0$3,161,768
84$6,581,885$0$0$3,431,848
85$7,144,390$0$0$3,727,825
86$7,760,842$0$0$4,052,288
87$8,436,635$0$0$4,408,090
88$9,177,711$0$0$4,798,371
89$9,990,614$0$0$5,226,592
90$10,882,552$0$0$5,696,563
91$11,861,463$0$0$6,212,482
92$12,936,094$0$0$6,778,973
93$14,116,076$0$0$7,401,130
94$15,412,023$0$0$8,084,564
95$16,835,623$0$0$8,835,457
96$18,399,756$0$0$9,660,618
97$20,118,607$0$0$10,567,550
98$22,007,807$0$0$11,564,518
99$24,084,573$0$0$12,660,627
100$26,367,877$0$0$13,865,910