Can I retire at age 53 with 760,000?

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 $760,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$62,760$62,201$61,656$61,123$60,603$59,896
2 years$31,069$30,491$29,930$29,386$28,859$28,147
3 years$20,507$19,926$19,367$18,828$18,309$17,614
4 years$15,227$14,648$14,094$13,565$13,058$12,386
5 years$12,060$11,484$10,937$10,419$9,927$9,280
6 years$9,949$9,378$8,839$8,332$7,855$7,233
7 years$8,442$7,875$7,345$6,850$6,388$5,792
8 years$7,312$6,751$6,229$5,746$5,299$4,729
9 years$6,434$5,878$5,365$4,895$4,463$3,919
10 years$5,732$5,181$4,678$4,219$3,803$3,283
11 years$5,157$4,612$4,118$3,672$3,270$2,776
12 years$4,679$4,140$3,655$3,221$2,834$2,364
13 years$4,275$3,741$3,265$2,844$2,471$2,025
14 years$3,929$3,400$2,934$2,524$2,166$1,743
15 years$3,629$3,106$2,649$2,251$1,907$1,506
16 years$3,367$2,850$2,402$2,016$1,686$1,306
17 years$3,136$2,625$2,185$1,811$1,495$1,136
18 years$2,931$2,425$1,995$1,632$1,329$990
19 years$2,748$2,248$1,826$1,475$1,185$865
20 years$2,583$2,089$1,676$1,336$1,058$757
21 years$2,434$1,946$1,542$1,212$947$664
22 years$2,299$1,816$1,421$1,102$849$583
23 years$2,176$1,699$1,312$1,004$762$512
24 years$2,063$1,592$1,213$916$685$451
25 years$1,959$1,494$1,124$836$616$397
26 years$1,864$1,404$1,042$764$555$350
27 years$1,776$1,321$968$700$500$309
28 years$1,694$1,245$900$641$452$272
29 years$1,618$1,174$837$588$408$240
30 years$1,547$1,109$780$540$368$212
31 years$1,481$1,048$727$496$333$188
32 years$1,419$992$678$455$301$166
33 years$1,361$939$633$419$273$147
34 years$1,307$890$592$385$247$130
35 years$1,255$845$553$355$224$115
36 years$1,207$802$518$327$203$102
37 years$1,161$761$484$301$184$90
38 years$1,118$724$454$277$166$80
39 years$1,078$688$425$256$151$71
40 years$1,039$655$398$236$137$62
41 years$1,002$623$374$218$124$55
42 years$968$593$350$201$113$49
43 years$934$565$329$185$102$43
44 years$903$539$309$171$93$38
45 years$873$514$290$158$84$34
46 years$844$490$272$146$77$30
47 years$817$468$256$135$70$27
48 years$791$447$240$125$63$24
49 years$766$427$226$115$57$21
50 years$742$407$212$107$52$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $760,000, adding $3,820 every year, while hoping to spend $20,745 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: 68/7/25 Blend
52$760,000$760,000$760,000$760,000
53$841,460$801,180$789,400$893,029
54$905,217$818,366$793,773$945,308
55$974,781$835,698$797,596$999,754
56$1,050,724$853,162$800,831$1,058,839
57$1,133,673$870,742$803,434$1,123,021
58$1,224,320$888,421$805,361$1,192,806
59$1,323,425$906,178$806,566$1,268,751
60$1,431,828$923,994$806,999$1,351,470
61$1,550,450$941,846$806,609$1,441,638
62$1,680,307$959,708$805,342$1,540,003
63$1,822,519$977,554$803,142$1,647,385
64$1,978,318$995,356$799,948$1,764,691
65$2,149,060$1,013,082$795,700$1,892,919
66$2,336,239$1,030,698$790,332$2,033,170
67$2,541,503$1,048,169$783,774$2,186,656
68$2,766,662$1,065,455$775,957$2,354,716
69$3,013,714$1,082,516$766,804$2,538,822
70$3,284,859$1,099,305$756,238$2,740,599
71$3,582,518$1,115,774$744,176$2,961,839
72$3,909,361$1,131,873$730,531$3,204,514
73$4,268,326$1,147,545$715,215$3,470,800
74$4,662,653$1,162,732$698,132$3,763,096
75$5,095,908$1,177,370$679,183$4,084,044
76$5,572,021$1,191,392$658,267$4,436,558
77$6,095,322$1,204,726$635,274$4,823,849
78$6,670,582$1,217,294$610,092$5,249,457
79$7,303,054$1,229,014$582,603$5,717,283
80$7,998,528$1,239,799$552,683$6,231,628
81$8,763,384$1,249,554$520,204$6,797,231
82$9,604,648$1,258,182$485,030$7,419,317
83$10,530,065$1,265,575$447,021$8,103,644
84$11,548,165$1,271,622$406,030$8,856,559
85$12,668,349$1,276,202$361,902$9,685,057
86$13,900,972$1,279,188$314,478$10,596,850
87$15,257,447$1,280,444$263,589$11,600,434
88$16,750,348$1,279,827$209,061$12,705,177
89$18,393,530$1,277,185$150,710$13,921,403
90$20,202,256$1,272,354$88,345$15,260,490
91$22,193,350$1,265,162$21,768$16,734,978
92$24,385,345$1,255,428$0$18,358,690
93$26,798,663$1,242,958$0$20,160,006
94$29,455,810$1,227,546$0$22,149,620
95$32,381,582$1,208,975$0$24,340,287
96$35,603,302$1,187,014$0$26,752,464
97$39,151,081$1,161,419$0$29,408,694
98$43,058,094$1,131,931$0$32,333,821
99$47,360,901$1,098,278$0$35,555,219
100$52,099,788$1,060,168$0$39,103,055