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%13.3%
1 years$62,595$62,037$61,493$60,962$60,444$59,615
2 years$30,988$30,410$29,851$29,309$28,783$27,949
3 years$20,453$19,874$19,316$18,778$18,261$17,448
4 years$15,187$14,609$14,057$13,529$13,024$12,238
5 years$12,028$11,454$10,909$10,391$9,901$9,145
6 years$9,923$9,353$8,816$8,310$7,834$7,109
7 years$8,420$7,855$7,326$6,832$6,371$5,677
8 years$7,293$6,733$6,213$5,731$5,285$4,622
9 years$6,417$5,862$5,351$4,882$4,451$3,818
10 years$5,717$5,167$4,665$4,208$3,793$3,190
11 years$5,144$4,600$4,107$3,662$3,262$2,688
12 years$4,667$4,129$3,645$3,212$2,827$2,282
13 years$4,264$3,731$3,257$2,836$2,465$1,948
14 years$3,919$3,392$2,926$2,518$2,161$1,671
15 years$3,620$3,098$2,642$2,245$1,902$1,439
16 years$3,358$2,843$2,395$2,010$1,681$1,244
17 years$3,128$2,618$2,180$1,806$1,491$1,078
18 years$2,923$2,419$1,990$1,628$1,326$937
19 years$2,741$2,242$1,821$1,471$1,181$815
20 years$2,576$2,083$1,672$1,332$1,055$711
21 years$2,428$1,941$1,538$1,209$944$621
22 years$2,293$1,811$1,417$1,099$847$543
23 years$2,170$1,694$1,308$1,001$760$476
24 years$2,058$1,587$1,210$913$683$417
25 years$1,954$1,490$1,121$834$615$366
26 years$1,859$1,400$1,040$762$554$321
27 years$1,771$1,318$965$698$499$282
28 years$1,689$1,242$897$639$450$248
29 years$1,614$1,171$835$586$407$218
30 years$1,543$1,106$778$538$367$192
31 years$1,477$1,046$725$494$332$169
32 years$1,415$989$677$454$301$149
33 years$1,357$937$632$418$272$131
34 years$1,303$888$590$384$246$115
35 years$1,252$842$552$354$223$102
36 years$1,204$799$516$326$202$89
37 years$1,158$759$483$300$183$79
38 years$1,115$722$452$277$166$70
39 years$1,075$686$424$255$151$61
40 years$1,036$653$397$235$137$54
41 years$1,000$621$373$217$124$48
42 years$965$592$349$200$112$42
43 years$932$564$328$185$102$37
44 years$901$538$308$171$93$33
45 years$871$513$289$158$84$29
46 years$842$489$271$146$76$25
47 years$815$467$255$135$69$22
48 years$789$445$240$124$63$20
49 years$764$425$225$115$57$17
50 years$740$406$212$106$52$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $758,000, adding $3,741 every year, while hoping to spend $24,839 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: 27/45/28 Blend
52$758,000$758,000$758,000$758,000
53$839,175$799,001$787,252$854,444
54$898,342$811,723$787,196$879,824
55$962,712$824,237$786,306$904,675
56$1,032,789$836,505$784,528$930,853
57$1,109,128$848,488$781,804$958,488
58$1,192,340$860,145$778,075$987,724
59$1,283,097$871,430$773,279$1,018,723
60$1,382,139$882,296$767,350$1,051,663
61$1,490,281$892,692$760,220$1,086,742
62$1,608,418$902,564$751,817$1,124,182
63$1,737,539$911,851$742,065$1,164,226
64$1,878,730$920,494$730,885$1,207,145
65$2,033,187$928,424$718,197$1,253,241
66$2,202,227$935,573$703,912$1,302,847
67$2,387,302$941,863$687,940$1,356,333
68$2,590,009$947,216$670,188$1,414,110
69$2,812,106$951,546$650,556$1,476,631
70$3,055,532$954,763$628,940$1,544,402
71$3,322,420$956,770$605,233$1,617,979
72$3,615,120$957,465$579,322$1,697,982
73$3,936,220$956,739$551,087$1,785,095
74$4,288,572$954,477$520,406$1,880,076
75$4,675,316$950,556$487,149$1,983,764
76$5,099,911$944,846$451,182$2,097,088
77$5,566,168$937,209$412,362$2,221,077
78$6,078,284$927,499$370,543$2,356,867
79$6,640,883$915,561$325,570$2,505,716
80$7,259,060$901,230$277,284$2,669,017
81$7,938,426$884,332$225,515$2,848,308
82$8,685,164$864,683$170,088$3,045,292
83$9,506,085$842,087$110,821$3,261,848
84$10,408,695$816,338$47,522$3,500,059
85$11,401,259$787,216$0$3,762,222
86$12,492,888$754,490$0$4,056,863
87$13,693,617$717,915$0$4,396,345
88$15,014,503$677,230$0$4,769,622
89$16,467,730$632,162$0$5,180,191
90$18,066,722$582,421$0$5,631,906
91$19,826,268$527,700$0$6,129,025
92$21,762,665$467,675$0$6,676,241
93$23,893,869$402,004$0$7,278,736
94$26,239,666$330,324$0$7,942,225
95$28,821,856$252,253$0$8,673,014
96$31,664,459$167,388$0$9,478,057
97$34,793,946$75,302$0$10,365,030
98$38,239,481$0$0$11,342,396
99$42,033,203$0$0$12,431,603
100$46,210,522$0$0$13,672,161