Can I retire at age 53 with 757,000?

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 $757,000?

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$62,512$61,956$61,412$60,882$60,364$59,561
2 years$30,947$30,370$29,812$29,270$28,745$27,936
3 years$20,426$19,847$19,290$18,754$18,237$17,449
4 years$15,167$14,590$14,038$13,511$13,007$12,245
5 years$12,012$11,439$10,894$10,378$9,888$9,155
6 years$9,910$9,341$8,804$8,299$7,824$7,120
7 years$8,409$7,844$7,316$6,823$6,363$5,689
8 years$7,283$6,724$6,205$5,724$5,278$4,635
9 years$6,408$5,854$5,344$4,875$4,445$3,831
10 years$5,709$5,160$4,659$4,203$3,788$3,202
11 years$5,137$4,594$4,102$3,658$3,257$2,701
12 years$4,661$4,123$3,640$3,208$2,823$2,294
13 years$4,258$3,726$3,252$2,832$2,462$1,960
14 years$3,913$3,387$2,922$2,514$2,158$1,682
15 years$3,615$3,094$2,638$2,242$1,900$1,450
16 years$3,354$2,839$2,392$2,008$1,679$1,254
17 years$3,124$2,614$2,177$1,804$1,489$1,087
18 years$2,919$2,416$1,987$1,626$1,324$945
19 years$2,737$2,239$1,819$1,469$1,180$824
20 years$2,573$2,081$1,669$1,330$1,054$719
21 years$2,425$1,938$1,536$1,207$943$628
22 years$2,290$1,809$1,415$1,098$845$550
23 years$2,167$1,692$1,307$1,000$759$482
24 years$2,055$1,585$1,209$912$682$423
25 years$1,952$1,488$1,119$833$614$371
26 years$1,857$1,398$1,038$761$553$326
27 years$1,769$1,316$964$697$498$287
28 years$1,687$1,240$896$639$450$252
29 years$1,611$1,170$834$586$406$222
30 years$1,541$1,105$777$537$367$195
31 years$1,475$1,044$724$494$332$172
32 years$1,413$988$676$454$300$152
33 years$1,356$936$631$417$272$134
34 years$1,301$887$589$384$246$118
35 years$1,250$841$551$353$223$104
36 years$1,202$798$516$325$202$92
37 years$1,157$758$483$300$183$81
38 years$1,114$721$452$276$166$71
39 years$1,073$685$423$255$150$63
40 years$1,035$652$397$235$136$56
41 years$998$621$372$217$124$49
42 years$964$591$349$200$112$43
43 years$931$563$328$185$102$38
44 years$899$537$307$171$92$34
45 years$870$512$289$158$84$30
46 years$841$488$271$146$76$26
47 years$814$466$255$134$69$23
48 years$788$445$239$124$63$21
49 years$763$425$225$115$57$18
50 years$739$406$212$106$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $757,000, adding $5,636 every year, while hoping to spend $42,186 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: 52/28/20 Blend
52$757,000$757,000$757,000$757,000
53$840,028$799,907$788,173$878,806
54$880,825$794,216$769,691$900,418
55$924,369$786,834$749,176$919,065
56$970,897$777,630$726,516$938,448
57$1,020,666$766,472$701,592$958,649
58$1,073,960$753,215$674,281$979,763
59$1,131,090$737,708$644,455$1,001,898
60$1,192,395$719,790$611,978$1,025,174
61$1,258,251$699,291$576,711$1,049,726
62$1,329,067$676,031$538,505$1,075,707
63$1,405,294$649,818$497,208$1,103,286
64$1,487,427$620,453$452,657$1,132,655
65$1,576,010$587,720$404,687$1,164,028
66$1,671,639$551,395$353,120$1,197,646
67$1,774,972$511,239$297,775$1,233,775
68$1,886,728$466,998$238,459$1,272,717
69$2,007,701$418,408$174,974$1,314,805
70$2,138,761$365,185$107,111$1,360,413
71$2,280,867$307,032$34,652$1,409,959
72$2,435,073$243,633$0$1,463,905
73$2,602,537$174,658$0$1,531,877
74$2,784,533$99,753$0$1,613,828
75$2,982,464$18,550$0$1,703,049
76$3,197,872$0$0$1,800,308
77$3,432,454$0$0$1,927,823
78$3,688,078$0$0$2,073,074
79$3,966,799$0$0$2,231,522
80$4,270,880$0$0$2,404,462
81$4,602,811$0$0$2,593,319
82$4,965,331$0$0$2,799,663
83$5,361,460$0$0$3,025,222
84$5,794,518$0$0$3,271,898
85$6,268,163$0$0$3,541,785
86$6,786,422$0$0$3,837,189
87$7,353,728$0$0$4,160,650
88$7,974,966$0$0$4,514,963
89$8,655,511$0$0$4,903,210
90$9,401,285$0$0$5,328,781
91$10,218,810$0$0$5,795,412
92$11,115,268$0$0$6,307,216
93$12,098,570$0$0$6,868,726
94$13,177,430$0$0$7,484,932
95$14,361,444$0$0$8,161,333
96$15,661,186$0$0$8,903,984
97$17,088,300$0$0$9,719,556
98$18,655,614$0$0$10,615,399
99$20,377,260$0$0$11,599,608
100$22,268,805$0$0$12,681,102