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%14.2%
1 years$62,595$62,037$61,493$60,962$60,444$59,394
2 years$30,988$30,410$29,851$29,309$28,783$27,728
3 years$20,453$19,874$19,316$18,778$18,261$17,235
4 years$15,187$14,609$14,057$13,529$13,024$12,034
5 years$12,028$11,454$10,909$10,391$9,901$8,950
6 years$9,923$9,353$8,816$8,310$7,834$6,923
7 years$8,420$7,855$7,326$6,832$6,371$5,501
8 years$7,293$6,733$6,213$5,731$5,285$4,456
9 years$6,417$5,862$5,351$4,882$4,451$3,661
10 years$5,717$5,167$4,665$4,208$3,793$3,042
11 years$5,144$4,600$4,107$3,662$3,262$2,549
12 years$4,667$4,129$3,645$3,212$2,827$2,151
13 years$4,264$3,731$3,257$2,836$2,465$1,826
14 years$3,919$3,392$2,926$2,518$2,161$1,557
15 years$3,620$3,098$2,642$2,245$1,902$1,333
16 years$3,358$2,843$2,395$2,010$1,681$1,145
17 years$3,128$2,618$2,180$1,806$1,491$986
18 years$2,923$2,419$1,990$1,628$1,326$851
19 years$2,741$2,242$1,821$1,471$1,181$736
20 years$2,576$2,083$1,672$1,332$1,055$637
21 years$2,428$1,941$1,538$1,209$944$553
22 years$2,293$1,811$1,417$1,099$847$480
23 years$2,170$1,694$1,308$1,001$760$418
24 years$2,058$1,587$1,210$913$683$363
25 years$1,954$1,490$1,121$834$615$317
26 years$1,859$1,400$1,040$762$554$276
27 years$1,771$1,318$965$698$499$241
28 years$1,689$1,242$897$639$450$210
29 years$1,614$1,171$835$586$407$183
30 years$1,543$1,106$778$538$367$160
31 years$1,477$1,046$725$494$332$140
32 years$1,415$989$677$454$301$122
33 years$1,357$937$632$418$272$107
34 years$1,303$888$590$384$246$93
35 years$1,252$842$552$354$223$82
36 years$1,204$799$516$326$202$71
37 years$1,158$759$483$300$183$62
38 years$1,115$722$452$277$166$55
39 years$1,075$686$424$255$151$48
40 years$1,036$653$397$235$137$42
41 years$1,000$621$373$217$124$37
42 years$965$592$349$200$112$32
43 years$932$564$328$185$102$28
44 years$901$538$308$171$93$25
45 years$871$513$289$158$84$21
46 years$842$489$271$146$76$19
47 years$815$467$255$135$69$16
48 years$789$445$240$124$63$14
49 years$764$425$225$115$57$13
50 years$740$406$212$106$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $758,000, adding $6,312 every year, while hoping to spend $46,767 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: 57/27/16 Blend
52$758,000$758,000$758,000$758,000
53$841,827$801,653$789,904$885,956
54$877,933$791,174$766,606$906,133
55$916,155$778,614$740,960$922,464
56$956,659$763,823$712,838$939,191
57$999,627$746,638$682,107$956,360
58$1,045,257$726,892$648,625$974,024
59$1,093,767$704,403$612,248$992,246
60$1,145,394$678,982$572,821$1,011,097
61$1,200,400$650,427$530,186$1,030,655
62$1,259,068$618,526$484,175$1,051,012
63$1,321,712$583,052$434,614$1,072,273
64$1,388,673$543,769$381,320$1,094,554
65$1,460,327$500,423$324,104$1,117,989
66$1,537,086$452,748$262,766$1,142,727
67$1,619,399$400,464$197,099$1,168,939
68$1,707,762$343,271$126,887$1,196,815
69$1,802,719$280,856$51,903$1,226,569
70$1,904,866$212,888$0$1,258,445
71$2,014,857$139,014$0$1,297,513
72$2,133,411$58,865$0$1,349,046
73$2,261,319$0$0$1,404,558
74$2,399,448$0$0$1,472,783
75$2,548,751$0$0$1,565,482
76$2,710,277$0$0$1,665,825
77$2,885,178$0$0$1,774,534
78$3,074,719$0$0$1,892,403
79$3,280,295$0$0$2,020,306
80$3,503,435$0$0$2,159,204
81$3,745,825$0$0$2,310,154
82$4,009,318$0$0$2,474,317
83$4,295,952$0$0$2,652,975
84$4,607,969$0$0$2,847,532
85$4,947,838$0$0$3,059,540
86$5,318,274$0$0$3,290,701
87$5,722,266$0$0$3,542,892
88$6,163,103$0$0$3,818,177
89$6,644,406$0$0$4,118,830
90$7,170,161$0$0$4,447,352
91$7,744,756$0$0$4,806,498
92$8,373,022$0$0$5,199,300
93$9,060,277$0$0$5,629,099
94$9,812,378$0$0$6,099,570
95$10,635,774$0$0$6,614,762
96$11,537,566$0$0$7,179,135
97$12,525,575$0$0$7,797,599
98$13,608,413$0$0$8,475,561
99$14,795,564$0$0$9,218,977
100$16,097,477$0$0$10,034,407