Can I retire at age 53 with 759,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $759,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$62,678$62,119$61,575$61,043$60,524$58,307
2 years$31,028$30,451$29,891$29,348$28,821$26,612
3 years$20,480$19,900$19,341$18,803$18,285$16,154
4 years$15,207$14,628$14,075$13,547$13,041$11,004
5 years$12,044$11,469$10,923$10,405$9,914$7,975
6 years$9,936$9,365$8,827$8,321$7,844$6,006
7 years$8,431$7,865$7,336$6,841$6,380$4,642
8 years$7,303$6,742$6,221$5,739$5,292$3,653
9 years$6,425$5,870$5,358$4,888$4,457$2,914
10 years$5,724$5,174$4,672$4,214$3,798$2,348
11 years$5,151$4,606$4,113$3,667$3,266$1,907
12 years$4,673$4,134$3,650$3,217$2,830$1,558
13 years$4,269$3,736$3,261$2,840$2,468$1,280
14 years$3,924$3,396$2,930$2,521$2,163$1,055
15 years$3,624$3,102$2,645$2,248$1,905$873
16 years$3,363$2,846$2,398$2,013$1,684$724
17 years$3,132$2,621$2,182$1,809$1,493$601
18 years$2,927$2,422$1,992$1,630$1,327$501
19 years$2,744$2,245$1,824$1,473$1,183$417
20 years$2,580$2,086$1,674$1,334$1,057$348
21 years$2,431$1,943$1,540$1,211$946$291
22 years$2,296$1,814$1,419$1,101$848$243
23 years$2,173$1,696$1,310$1,002$761$204
24 years$2,060$1,589$1,212$914$684$170
25 years$1,957$1,492$1,122$835$615$143
26 years$1,861$1,402$1,041$763$554$120
27 years$1,773$1,319$967$699$500$100
28 years$1,692$1,243$899$640$451$84
29 years$1,616$1,173$836$587$407$70
30 years$1,545$1,108$779$539$368$59
31 years$1,479$1,047$726$495$333$50
32 years$1,417$991$677$455$301$42
33 years$1,359$938$633$418$272$35
34 years$1,305$889$591$385$247$29
35 years$1,254$843$553$354$223$25
36 years$1,205$801$517$326$202$21
37 years$1,160$760$484$301$183$17
38 years$1,117$723$453$277$166$15
39 years$1,076$687$424$255$151$12
40 years$1,038$654$398$236$137$10
41 years$1,001$622$373$217$124$9
42 years$966$593$350$201$113$7
43 years$933$565$328$185$102$6
44 years$902$538$308$171$93$5
45 years$872$513$289$158$84$4
46 years$843$490$272$146$76$4
47 years$816$467$255$135$69$3
48 years$790$446$240$125$63$3
49 years$765$426$226$115$57$2
50 years$741$407$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $759,000, adding $5,767 every year, while hoping to spend $26,823 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: 69/15/16 Blend
52$759,000$759,000$759,000$759,000
53$842,367$802,140$790,375$896,938
54$899,749$812,905$788,313$944,788
55$962,084$823,299$785,283$993,396
56$1,029,851$833,275$781,225$1,045,901
57$1,103,574$842,783$776,073$1,102,681
58$1,183,829$851,770$769,763$1,164,159
59$1,271,253$860,180$762,223$1,230,795
60$1,366,545$867,953$753,381$1,303,101
61$1,470,473$875,023$743,160$1,381,638
62$1,583,885$881,323$731,480$1,467,027
63$1,707,713$886,779$718,256$1,559,951
64$1,842,983$891,315$703,400$1,661,163
65$1,990,824$894,846$686,822$1,771,495
66$2,152,481$897,287$668,423$1,891,862
67$2,329,322$898,542$648,103$2,023,275
68$2,522,856$898,514$625,758$2,166,847
69$2,734,743$897,096$601,276$2,323,805
70$2,966,810$894,177$574,542$2,495,503
71$3,221,072$889,639$545,437$2,683,434
72$3,499,745$883,355$513,833$2,889,244
73$3,805,272$875,193$479,599$3,114,746
74$4,140,342$865,009$442,598$3,361,940
75$4,507,918$852,655$402,685$3,633,032
76$4,911,262$837,972$359,712$3,930,453
77$5,353,968$820,790$313,520$4,256,885
78$5,839,996$800,932$263,946$4,615,281
79$6,373,706$778,209$210,819$5,008,900
80$6,959,903$752,419$153,960$5,441,334
81$7,603,878$723,353$93,183$5,916,544
82$8,311,462$690,786$28,293$6,438,894
83$9,089,077$654,480$0$7,013,198
84$9,943,798$614,185$0$7,651,754
85$10,883,422$569,637$0$8,359,028
86$11,916,537$520,554$0$9,136,671
87$13,052,603$466,641$0$9,991,831
88$14,302,047$407,585$0$10,932,384
89$15,676,354$343,054$0$11,967,013
90$17,188,177$272,700$0$13,105,285
91$18,851,462$196,152$0$14,357,742
92$20,681,569$113,022$0$15,736,005
93$22,695,425$22,896$0$17,252,880
94$24,911,682$0$0$18,922,479
95$27,350,888$0$0$20,772,679
96$30,035,687$0$0$22,813,378
97$32,991,029$0$0$25,059,768
98$36,244,404$0$0$27,532,752
99$39,826,104$0$0$30,255,362
100$43,769,508$0$0$33,252,978