Can I retire at age 53 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$62,595$62,037$61,493$60,962$60,444$58,046
2 years$30,988$30,410$29,851$29,309$28,783$26,396
3 years$20,453$19,874$19,316$18,778$18,261$15,962
4 years$15,187$14,609$14,057$13,529$13,024$10,829
5 years$12,028$11,454$10,909$10,391$9,901$7,816
6 years$9,923$9,353$8,816$8,310$7,834$5,860
7 years$8,420$7,855$7,326$6,832$6,371$4,508
8 years$7,293$6,733$6,213$5,731$5,285$3,531
9 years$6,417$5,862$5,351$4,882$4,451$2,803
10 years$5,717$5,167$4,665$4,208$3,793$2,247
11 years$5,144$4,600$4,107$3,662$3,262$1,816
12 years$4,667$4,129$3,645$3,212$2,827$1,476
13 years$4,264$3,731$3,257$2,836$2,465$1,205
14 years$3,919$3,392$2,926$2,518$2,161$988
15 years$3,620$3,098$2,642$2,245$1,902$813
16 years$3,358$2,843$2,395$2,010$1,681$670
17 years$3,128$2,618$2,180$1,806$1,491$553
18 years$2,923$2,419$1,990$1,628$1,326$458
19 years$2,741$2,242$1,821$1,471$1,181$379
20 years$2,576$2,083$1,672$1,332$1,055$315
21 years$2,428$1,941$1,538$1,209$944$261
22 years$2,293$1,811$1,417$1,099$847$217
23 years$2,170$1,694$1,308$1,001$760$181
24 years$2,058$1,587$1,210$913$683$150
25 years$1,954$1,490$1,121$834$615$125
26 years$1,859$1,400$1,040$762$554$104
27 years$1,771$1,318$965$698$499$87
28 years$1,689$1,242$897$639$450$72
29 years$1,614$1,171$835$586$407$60
30 years$1,543$1,106$778$538$367$50
31 years$1,477$1,046$725$494$332$42
32 years$1,415$989$677$454$301$35
33 years$1,357$937$632$418$272$29
34 years$1,303$888$590$384$246$24
35 years$1,252$842$552$354$223$20
36 years$1,204$799$516$326$202$17
37 years$1,158$759$483$300$183$14
38 years$1,115$722$452$277$166$12
39 years$1,075$686$424$255$151$10
40 years$1,036$653$397$235$137$8
41 years$1,000$621$373$217$124$7
42 years$965$592$349$200$112$6
43 years$932$564$328$185$102$5
44 years$901$538$308$171$93$4
45 years$871$513$289$158$84$3
46 years$842$489$271$146$76$3
47 years$815$467$255$135$69$2
48 years$789$445$240$124$63$2
49 years$764$425$225$115$57$2
50 years$740$406$212$106$52$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $758,000, adding $5,342 every year, while hoping to spend $22,614 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: 51/25/24 Blend
52$758,000$758,000$758,000$758,000
53$840,826$800,652$788,903$877,813
54$902,529$815,823$791,270$919,196
55$969,768$830,979$792,959$961,434
56$1,043,084$846,097$793,922$1,006,899
57$1,123,071$861,148$794,111$1,055,905
58$1,210,385$876,105$793,475$1,108,803
59$1,305,748$890,937$791,959$1,165,974
60$1,409,952$905,611$789,508$1,227,843
61$1,523,872$920,091$786,061$1,294,876
62$1,648,470$934,338$781,557$1,367,590
63$1,784,805$948,313$775,931$1,446,553
64$1,934,045$961,970$769,115$1,532,392
65$2,097,474$975,263$761,036$1,625,800
66$2,276,507$988,141$751,621$1,727,539
67$2,472,701$1,000,550$740,791$1,838,452
68$2,687,773$1,012,434$728,464$1,959,467
69$2,923,612$1,023,729$714,554$2,091,610
70$3,182,300$1,034,371$698,971$2,236,011
71$3,466,129$1,044,290$681,621$2,393,916
72$3,777,625$1,053,411$662,406$2,566,701
73$4,119,568$1,061,654$641,222$2,755,883
74$4,495,024$1,068,934$617,963$2,963,136
75$4,907,366$1,075,162$592,515$3,190,304
76$5,360,314$1,080,241$564,760$3,439,422
77$5,857,963$1,084,070$534,577$3,712,737
78$6,404,826$1,086,540$501,835$4,012,723
79$7,005,873$1,087,535$466,402$4,342,111
80$7,666,581$1,086,933$428,135$4,703,911
81$8,392,983$1,084,605$386,889$5,101,446
82$9,191,728$1,080,411$342,510$5,538,375
83$10,070,139$1,074,205$294,839$6,018,738
84$11,036,284$1,065,832$243,707$6,546,987
85$12,099,054$1,055,128$188,940$7,128,033
86$13,268,245$1,041,916$130,357$7,767,289
87$14,554,648$1,026,012$67,766$8,470,725
88$15,970,155$1,007,220$969$9,244,925
89$17,527,869$985,331$0$10,097,145
90$19,242,225$960,126$0$11,053,394
91$21,129,130$931,370$0$12,105,925
92$23,206,112$898,818$0$13,264,274
93$25,492,483$862,208$0$14,539,227
94$28,009,524$821,264$0$15,942,670
95$30,780,682$775,692$0$17,487,704
96$33,831,796$725,185$0$19,188,770
97$37,191,334$669,414$0$21,061,783
98$40,890,669$608,035$0$23,124,281
99$44,964,370$540,681$0$25,395,597
100$49,450,528$466,967$0$27,897,039