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%11.2%
1 years$62,512$61,956$61,412$60,882$60,364$60,059
2 years$30,947$30,370$29,812$29,270$28,745$28,437
3 years$20,426$19,847$19,290$18,754$18,237$17,936
4 years$15,167$14,590$14,038$13,511$13,007$12,715
5 years$12,012$11,439$10,894$10,378$9,888$9,605
6 years$9,910$9,341$8,804$8,299$7,824$7,552
7 years$8,409$7,844$7,316$6,823$6,363$6,101
8 years$7,283$6,724$6,205$5,724$5,278$5,028
9 years$6,408$5,854$5,344$4,875$4,445$4,205
10 years$5,709$5,160$4,659$4,203$3,788$3,557
11 years$5,137$4,594$4,102$3,658$3,257$3,037
12 years$4,661$4,123$3,640$3,208$2,823$2,612
13 years$4,258$3,726$3,252$2,832$2,462$2,261
14 years$3,913$3,387$2,922$2,514$2,158$1,967
15 years$3,615$3,094$2,638$2,242$1,900$1,718
16 years$3,354$2,839$2,392$2,008$1,679$1,506
17 years$3,124$2,614$2,177$1,804$1,489$1,325
18 years$2,919$2,416$1,987$1,626$1,324$1,168
19 years$2,737$2,239$1,819$1,469$1,180$1,032
20 years$2,573$2,081$1,669$1,330$1,054$914
21 years$2,425$1,938$1,536$1,207$943$811
22 years$2,290$1,809$1,415$1,098$845$721
23 years$2,167$1,692$1,307$1,000$759$641
24 years$2,055$1,585$1,209$912$682$571
25 years$1,952$1,488$1,119$833$614$509
26 years$1,857$1,398$1,038$761$553$454
27 years$1,769$1,316$964$697$498$406
28 years$1,687$1,240$896$639$450$363
29 years$1,611$1,170$834$586$406$325
30 years$1,541$1,105$777$537$367$290
31 years$1,475$1,044$724$494$332$260
32 years$1,413$988$676$454$300$233
33 years$1,356$936$631$417$272$209
34 years$1,301$887$589$384$246$187
35 years$1,250$841$551$353$223$168
36 years$1,202$798$516$325$202$151
37 years$1,157$758$483$300$183$135
38 years$1,114$721$452$276$166$121
39 years$1,073$685$423$255$150$109
40 years$1,035$652$397$235$136$98
41 years$998$621$372$217$124$88
42 years$964$591$349$200$112$79
43 years$931$563$328$185$102$71
44 years$899$537$307$171$92$64
45 years$870$512$289$158$84$57
46 years$841$488$271$146$76$51
47 years$814$466$255$134$69$46
48 years$788$445$239$124$63$41
49 years$763$425$225$115$57$37
50 years$739$406$212$106$52$33

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $757,000, adding $3,412 every year, while hoping to spend $29,595 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: 84/8/8 Blend
52$757,000$757,000$757,000$757,000
53$837,733$797,612$785,879$907,060
54$891,693$805,207$780,717$960,451
55$950,165$812,181$774,390$1,014,731
56$1,013,578$818,474$766,829$1,073,429
57$1,082,404$824,020$757,958$1,136,969
58$1,157,161$828,749$747,702$1,205,819
59$1,238,421$832,587$735,979$1,280,496
60$1,326,811$835,455$722,705$1,361,567
61$1,423,022$837,268$707,792$1,449,657
62$1,527,814$837,938$691,147$1,545,455
63$1,642,023$837,369$672,673$1,649,718
64$1,766,571$835,462$652,269$1,763,284
65$1,902,470$832,108$629,828$1,887,070
66$2,050,836$827,195$605,241$2,022,093
67$2,212,895$820,602$578,391$2,169,468
68$2,390,001$812,201$549,157$2,330,426
69$2,583,639$801,858$517,413$2,506,322
70$2,795,450$789,428$483,025$2,698,650
71$3,027,236$774,760$445,857$2,909,056
72$3,280,983$757,693$405,762$3,139,353
73$3,558,880$738,056$362,591$3,391,539
74$3,863,334$715,669$316,186$3,667,815
75$4,196,997$690,341$266,382$3,970,608
76$4,562,792$661,868$213,007$4,302,590
77$4,963,936$630,039$155,882$4,666,707
78$5,403,972$594,625$94,818$5,066,206
79$5,886,803$555,388$29,621$5,504,663
80$6,416,730$512,075$0$5,986,020
81$6,998,488$464,418$0$6,518,032
82$7,637,293$412,134$0$7,104,996
83$8,338,893$354,924$0$7,749,674
84$9,109,617$292,473$0$8,457,901
85$9,956,441$224,447$0$9,236,104
86$10,887,046$150,493$0$10,091,365
87$11,909,897$70,240$0$11,031,489
88$13,034,318$0$0$12,065,073
89$14,270,584$0$0$13,203,065
90$15,630,011$0$0$14,461,241
91$17,125,070$0$0$15,844,963
92$18,769,501$0$0$17,366,947
93$20,578,441$0$0$19,041,207
94$22,568,567$0$0$20,883,180
95$24,758,257$0$0$22,909,877
96$27,167,758$0$0$25,140,041
97$29,819,378$0$0$27,594,322
98$32,737,700$0$0$30,295,474
99$35,949,809$0$0$33,268,570
100$39,485,547$0$0$36,541,235