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%17%
1 years$62,430$61,874$61,331$60,802$60,285$58,566
2 years$30,906$30,330$29,772$29,232$28,707$26,989
3 years$20,399$19,821$19,265$18,729$18,213$16,549
4 years$15,147$14,571$14,020$13,493$12,990$11,393
5 years$11,996$11,424$10,880$10,364$9,874$8,349
6 years$9,897$9,328$8,793$8,288$7,813$6,361
7 years$8,398$7,834$7,307$6,814$6,354$4,975
8 years$7,274$6,715$6,197$5,716$5,272$3,964
9 years$6,400$5,847$5,337$4,869$4,439$3,203
10 years$5,701$5,154$4,653$4,197$3,783$2,615
11 years$5,130$4,588$4,096$3,653$3,253$2,153
12 years$4,655$4,118$3,636$3,204$2,819$1,784
13 years$4,253$3,721$3,248$2,829$2,458$1,486
14 years$3,908$3,383$2,918$2,511$2,155$1,243
15 years$3,610$3,090$2,635$2,239$1,897$1,044
16 years$3,349$2,835$2,389$2,005$1,677$879
17 years$3,120$2,611$2,174$1,802$1,487$742
18 years$2,916$2,413$1,984$1,624$1,322$627
19 years$2,733$2,236$1,817$1,467$1,178$531
20 years$2,569$2,078$1,667$1,329$1,053$450
21 years$2,421$1,935$1,534$1,206$942$382
22 years$2,287$1,807$1,413$1,096$844$325
23 years$2,164$1,690$1,305$998$758$277
24 years$2,052$1,583$1,207$911$681$235
25 years$1,949$1,486$1,118$832$613$200
26 years$1,854$1,396$1,037$760$552$171
27 years$1,766$1,314$963$696$498$146
28 years$1,685$1,238$895$638$449$124
29 years$1,609$1,168$833$585$406$106
30 years$1,539$1,103$776$537$366$90
31 years$1,473$1,043$723$493$331$77
32 years$1,412$987$675$453$300$66
33 years$1,354$935$630$417$271$56
34 years$1,300$886$589$383$246$48
35 years$1,249$840$550$353$222$41
36 years$1,201$797$515$325$202$35
37 years$1,155$757$482$299$183$30
38 years$1,113$720$451$276$166$26
39 years$1,072$684$423$254$150$22
40 years$1,034$651$396$235$136$19
41 years$997$620$372$217$124$16
42 years$962$590$349$200$112$14
43 years$930$562$327$184$102$12
44 years$898$536$307$170$92$10
45 years$868$511$288$157$84$9
46 years$840$488$271$145$76$7
47 years$813$465$254$134$69$6
48 years$787$444$239$124$63$5
49 years$762$424$225$115$57$5
50 years$738$405$211$106$52$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $756,000, adding $5,362 every year, while hoping to spend $34,879 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: 53/33/14 Blend
52$756,000$756,000$756,000$756,000
53$838,643$798,575$786,857$879,696
54$887,073$800,594$776,106$910,321
55$939,275$801,543$763,825$939,449
56$995,595$801,333$749,928$970,350
57$1,056,416$799,869$734,320$1,003,201
58$1,122,158$797,050$716,908$1,038,199
59$1,193,282$792,769$697,588$1,075,562
60$1,270,296$786,914$676,256$1,115,532
61$1,353,757$779,363$652,802$1,158,376
62$1,444,279$769,991$627,109$1,204,393
63$1,542,536$758,660$599,057$1,253,912
64$1,649,269$745,230$568,521$1,307,299
65$1,765,295$729,547$535,367$1,364,958
66$1,891,512$711,451$499,458$1,427,340
67$2,028,906$690,772$460,650$1,494,940
68$2,178,566$667,331$418,793$1,568,310
69$2,341,686$640,937$373,729$1,648,060
70$2,519,583$611,388$325,294$1,734,865
71$2,713,705$578,470$273,316$1,829,472
72$2,925,647$541,960$217,616$1,932,709
73$3,157,164$501,617$158,008$2,045,492
74$3,410,189$457,190$94,295$2,168,834
75$3,686,849$408,413$26,274$2,303,855
76$3,989,485$355,003$0$2,451,796
77$4,320,678$296,663$0$2,620,947
78$4,683,267$233,080$0$2,810,544
79$5,080,379$163,919$0$3,018,368
80$5,515,458$88,832$0$3,246,310
81$5,992,297$7,447$0$3,496,457
82$6,515,073$0$0$3,771,113
83$7,088,386$0$0$4,102,099
84$7,717,304$0$0$4,468,230
85$8,407,407$0$0$4,870,058
86$9,164,843$0$0$5,311,175
87$9,996,384$0$0$5,795,533
88$10,909,489$0$0$6,327,488
89$11,912,375$0$0$6,911,838
90$13,014,095$0$0$7,553,868
91$14,224,619$0$0$8,259,402
92$15,554,934$0$0$9,034,854
93$17,017,142$0$0$9,887,291
94$18,624,578$0$0$10,824,500
95$20,391,929$0$0$11,855,058
96$22,335,382$0$0$12,988,417
97$24,472,766$0$0$14,234,989
98$26,823,727$0$0$15,606,246
99$29,409,911$0$0$17,114,829
100$32,255,165$0$0$18,774,665