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%19.5%
1 years$62,430$61,874$61,331$60,802$60,285$57,984
2 years$30,906$30,330$29,772$29,232$28,707$26,417
3 years$20,399$19,821$19,265$18,729$18,213$16,004
4 years$15,147$14,571$14,020$13,493$12,990$10,880
5 years$11,996$11,424$10,880$10,364$9,874$7,869
6 years$9,897$9,328$8,793$8,288$7,813$5,913
7 years$8,398$7,834$7,307$6,814$6,354$4,559
8 years$7,274$6,715$6,197$5,716$5,272$3,580
9 years$6,400$5,847$5,337$4,869$4,439$2,848
10 years$5,701$5,154$4,653$4,197$3,783$2,290
11 years$5,130$4,588$4,096$3,653$3,253$1,855
12 years$4,655$4,118$3,636$3,204$2,819$1,512
13 years$4,253$3,721$3,248$2,829$2,458$1,238
14 years$3,908$3,383$2,918$2,511$2,155$1,018
15 years$3,610$3,090$2,635$2,239$1,897$839
16 years$3,349$2,835$2,389$2,005$1,677$694
17 years$3,120$2,611$2,174$1,802$1,487$575
18 years$2,916$2,413$1,984$1,624$1,322$477
19 years$2,733$2,236$1,817$1,467$1,178$397
20 years$2,569$2,078$1,667$1,329$1,053$330
21 years$2,421$1,935$1,534$1,206$942$275
22 years$2,287$1,807$1,413$1,096$844$229
23 years$2,164$1,690$1,305$998$758$191
24 years$2,052$1,583$1,207$911$681$159
25 years$1,949$1,486$1,118$832$613$133
26 years$1,854$1,396$1,037$760$552$111
27 years$1,766$1,314$963$696$498$93
28 years$1,685$1,238$895$638$449$78
29 years$1,609$1,168$833$585$406$65
30 years$1,539$1,103$776$537$366$54
31 years$1,473$1,043$723$493$331$45
32 years$1,412$987$675$453$300$38
33 years$1,354$935$630$417$271$32
34 years$1,300$886$589$383$246$27
35 years$1,249$840$550$353$222$22
36 years$1,201$797$515$325$202$19
37 years$1,155$757$482$299$183$16
38 years$1,113$720$451$276$166$13
39 years$1,072$684$423$254$150$11
40 years$1,034$651$396$235$136$9
41 years$997$620$372$217$124$8
42 years$962$590$349$200$112$6
43 years$930$562$327$184$102$5
44 years$898$536$307$170$92$4
45 years$868$511$288$157$84$4
46 years$840$488$271$145$76$3
47 years$813$465$254$134$69$3
48 years$787$444$239$124$63$2
49 years$762$424$225$115$57$2
50 years$738$405$211$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $756,000, adding $3,990 every year, while hoping to spend $33,297 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: 47/32/21 Blend
52$756,000$756,000$756,000$756,000
53$837,228$797,160$785,442$871,402
54$887,197$800,793$776,326$899,318
55$941,148$803,488$765,789$925,958
56$999,450$805,164$753,749$954,186
57$1,062,511$805,735$740,117$984,165
58$1,130,781$805,109$724,804$1,016,077
59$1,204,750$803,189$707,714$1,050,124
60$1,284,961$799,871$688,749$1,086,531
61$1,372,009$795,047$667,804$1,125,547
62$1,466,549$788,600$644,772$1,167,448
63$1,569,303$780,407$619,537$1,212,542
64$1,681,062$770,337$591,981$1,261,170
65$1,802,699$758,252$561,981$1,313,710
66$1,935,172$744,005$529,406$1,370,582
67$2,079,540$727,441$494,121$1,432,252
68$2,236,962$708,395$455,983$1,499,235
69$2,408,719$686,693$414,845$1,572,103
70$2,596,218$662,150$370,552$1,651,490
71$2,801,008$634,572$322,942$1,738,098
72$3,024,797$603,752$271,847$1,832,706
73$3,269,462$569,472$217,089$1,936,174
74$3,537,071$531,500$158,486$2,049,456
75$3,829,901$489,592$95,844$2,173,608
76$4,150,459$443,490$28,963$2,309,798
77$4,501,506$392,921$0$2,459,319
78$4,886,083$337,598$0$2,633,106
79$5,307,537$277,214$0$2,830,780
80$5,769,557$211,448$0$3,047,648
81$6,276,203$139,960$0$3,285,697
82$6,831,948$62,391$0$3,547,124
83$7,441,720$0$0$3,834,353
84$8,110,946$0$0$4,157,680
85$8,845,603$0$0$4,536,824
86$9,652,276$0$0$4,953,226
87$10,538,219$0$0$5,410,640
88$11,511,423$0$0$5,913,204
89$12,580,691$0$0$6,465,476
90$13,755,719$0$0$7,072,477
91$15,047,192$0$0$7,739,740
92$16,466,879$0$0$8,473,358
93$18,027,748$0$0$9,280,046
94$19,744,085$0$0$10,167,202
95$21,631,629$0$0$11,142,977
96$23,707,724$0$0$12,216,350
97$25,991,474$0$0$13,397,217
98$28,503,932$0$0$14,696,478
99$31,268,292$0$0$16,126,145
100$34,310,112$0$0$17,699,453