Can I retire at age 53 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$62,843$62,283$61,737$61,204$60,683$58,882
2 years$31,110$30,531$29,969$29,425$28,897$27,097
3 years$20,534$19,952$19,392$18,853$18,333$16,592
4 years$15,247$14,667$14,112$13,582$13,075$11,405
5 years$12,076$11,499$10,952$10,433$9,940$8,345
6 years$9,962$9,390$8,851$8,343$7,865$6,347
7 years$8,453$7,886$7,355$6,859$6,396$4,956
8 years$7,322$6,759$6,238$5,754$5,306$3,942
9 years$6,442$5,885$5,372$4,901$4,469$3,179
10 years$5,739$5,188$4,684$4,225$3,808$2,591
11 years$5,164$4,618$4,124$3,677$3,275$2,129
12 years$4,686$4,145$3,660$3,225$2,838$1,761
13 years$4,281$3,746$3,270$2,847$2,475$1,464
14 years$3,934$3,405$2,938$2,528$2,169$1,222
15 years$3,634$3,110$2,652$2,254$1,910$1,024
16 years$3,372$2,854$2,405$2,018$1,688$860
17 years$3,140$2,628$2,188$1,813$1,497$724
18 years$2,935$2,429$1,998$1,634$1,331$611
19 years$2,751$2,251$1,829$1,477$1,186$516
20 years$2,586$2,092$1,678$1,337$1,060$437
21 years$2,437$1,948$1,544$1,214$948$370
22 years$2,302$1,819$1,423$1,104$850$314
23 years$2,179$1,701$1,314$1,005$763$266
24 years$2,066$1,594$1,215$917$686$226
25 years$1,962$1,496$1,125$837$617$192
26 years$1,866$1,406$1,044$765$556$163
27 years$1,778$1,323$969$701$501$139
28 years$1,696$1,246$901$642$452$118
29 years$1,620$1,176$838$589$408$101
30 years$1,549$1,111$781$540$369$86
31 years$1,483$1,050$728$496$334$73
32 years$1,421$993$679$456$302$62
33 years$1,363$941$634$419$273$53
34 years$1,308$892$593$386$247$45
35 years$1,257$846$554$355$224$38
36 years$1,209$803$518$327$203$33
37 years$1,163$762$485$301$184$28
38 years$1,120$724$454$278$167$24
39 years$1,079$689$426$256$151$20
40 years$1,040$655$399$236$137$17
41 years$1,004$624$374$218$124$15
42 years$969$594$351$201$113$13
43 years$936$566$329$186$102$11
44 years$904$540$309$171$93$9
45 years$874$515$290$158$84$8
46 years$845$491$273$146$77$7
47 years$818$468$256$135$70$6
48 years$792$447$241$125$63$5
49 years$767$427$226$115$57$4
50 years$743$408$213$107$52$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $761,000, adding $3,618 every year, while hoping to spend $41,963 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: 83/11/6 Blend
52$761,000$761,000$761,000$761,000
53$842,354$802,021$790,225$911,671
54$883,626$796,672$772,050$952,130
55$927,701$789,654$751,859$990,512
56$974,821$780,841$729,540$1,031,343
57$1,025,251$770,101$704,978$1,074,845
58$1,079,281$757,290$678,050$1,121,258
59$1,137,230$742,260$648,627$1,170,849
60$1,199,447$724,851$616,576$1,223,912
61$1,266,317$704,894$581,757$1,280,769
62$1,338,260$682,213$544,024$1,341,776
63$1,415,739$656,617$503,225$1,407,325
64$1,499,261$627,908$459,200$1,477,848
65$1,589,384$595,875$411,782$1,553,820
66$1,686,722$560,293$360,798$1,635,766
67$1,791,948$520,928$306,065$1,724,264
68$1,905,802$477,529$247,393$1,819,949
69$2,029,098$429,832$184,585$1,923,525
70$2,162,731$377,559$117,434$2,035,763
71$2,307,684$320,414$45,722$2,157,518
72$2,465,040$258,086$0$2,289,729
73$2,635,988$190,246$0$2,435,404
74$2,821,838$116,547$0$2,596,965
75$3,024,029$36,621$0$2,772,757
76$3,244,146$0$0$2,964,185
77$3,483,932$0$0$3,178,837
78$3,745,306$0$0$3,417,661
79$4,030,380$0$0$3,678,154
80$4,341,478$0$0$3,962,442
81$4,681,157$0$0$4,272,864
82$5,052,235$0$0$4,611,997
83$5,457,811$0$0$4,982,675
84$5,901,298$0$0$5,388,020
85$6,386,455$0$0$5,831,469
86$6,917,420$0$0$6,316,808
87$7,498,748$0$0$6,848,202
88$8,135,459$0$0$7,430,242
89$8,833,077$0$0$8,067,980
90$9,597,687$0$0$8,766,983
91$10,435,993$0$0$9,533,381
92$11,355,375$0$0$10,373,925
93$12,363,963$0$0$11,296,050
94$13,470,713$0$0$12,307,948
95$14,685,489$0$0$13,418,640
96$16,019,156$0$0$14,638,064
97$17,483,683$0$0$15,977,167
98$19,092,255$0$0$17,448,008
99$20,859,397$0$0$19,063,872
100$22,801,108$0$0$20,839,393