Can I retire at age 53 with 763,000?

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 $763,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$63,008$62,447$61,899$61,365$60,843$60,409
2 years$31,192$30,611$30,048$29,502$28,973$28,535
3 years$20,588$20,005$19,443$18,902$18,381$17,954
4 years$15,287$14,706$14,150$13,618$13,110$12,695
5 years$12,107$11,529$10,981$10,460$9,966$9,566
6 years$9,988$9,415$8,874$8,365$7,886$7,500
7 years$8,475$7,906$7,374$6,877$6,413$6,043
8 years$7,341$6,777$6,254$5,769$5,320$4,965
9 years$6,459$5,901$5,387$4,914$4,480$4,141
10 years$5,754$5,201$4,696$4,236$3,818$3,493
11 years$5,178$4,630$4,134$3,687$3,283$2,973
12 years$4,698$4,156$3,669$3,234$2,845$2,549
13 years$4,292$3,756$3,278$2,855$2,481$2,199
14 years$3,944$3,414$2,945$2,534$2,175$1,907
15 years$3,643$3,119$2,659$2,260$1,915$1,660
16 years$3,380$2,861$2,411$2,024$1,692$1,450
17 years$3,148$2,635$2,194$1,818$1,501$1,271
18 years$2,943$2,435$2,003$1,639$1,334$1,117
19 years$2,759$2,257$1,834$1,481$1,189$984
20 years$2,593$2,097$1,683$1,341$1,062$868
21 years$2,444$1,953$1,548$1,217$951$767
22 years$2,308$1,823$1,426$1,107$852$679
23 years$2,184$1,705$1,317$1,008$765$602
24 years$2,071$1,598$1,218$919$688$534
25 years$1,967$1,499$1,128$839$619$474
26 years$1,871$1,409$1,046$767$557$422
27 years$1,783$1,326$972$703$502$375
28 years$1,701$1,250$903$644$453$334
29 years$1,624$1,179$841$590$409$298
30 years$1,553$1,113$783$542$370$265
31 years$1,487$1,053$730$497$334$237
32 years$1,425$996$681$457$302$211
33 years$1,366$943$636$420$274$188
34 years$1,312$894$594$387$248$168
35 years$1,260$848$555$356$224$150
36 years$1,212$805$520$328$203$134
37 years$1,166$764$486$302$184$120
38 years$1,123$726$455$279$167$107
39 years$1,082$691$427$257$152$96
40 years$1,043$657$400$237$137$86
41 years$1,006$626$375$219$125$77
42 years$971$596$352$202$113$68
43 years$938$568$330$186$103$61
44 years$907$541$310$172$93$55
45 years$876$516$291$159$85$49
46 years$848$492$273$147$77$44
47 years$820$470$257$135$70$39
48 years$794$448$241$125$63$35
49 years$769$428$227$116$58$31
50 years$745$409$213$107$52$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $763,000, adding $2,753 every year, while hoping to spend $51,796 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: 66/6/28 Blend
52$763,000$763,000$763,000$763,000
53$843,666$803,227$791,400$892,959
54$874,609$787,474$762,802$910,813
55$906,973$769,214$731,509$924,285
56$940,847$748,268$697,377$937,870
57$976,329$724,449$660,255$951,582
58$1,013,525$697,558$619,984$965,441
59$1,052,550$667,383$576,399$979,469
60$1,093,528$633,703$529,326$993,693
61$1,136,595$596,281$478,586$1,008,144
62$1,181,897$554,869$423,988$1,022,860
63$1,229,596$509,203$365,337$1,037,883
64$1,279,865$459,005$302,426$1,053,262
65$1,332,895$403,979$235,041$1,069,057
66$1,388,891$343,815$162,956$1,085,332
67$1,448,081$278,185$85,938$1,102,164
68$1,510,710$206,740$3,741$1,119,640
69$1,577,047$129,116$0$1,137,857
70$1,647,386$44,923$0$1,182,019
71$1,722,048$0$0$1,229,986
72$1,801,385$0$0$1,283,921
73$1,885,780$0$0$1,344,476
74$1,975,655$0$0$1,408,990
75$2,071,468$0$0$1,477,797
76$2,173,725$0$0$1,551,263
77$2,282,977$0$0$1,629,788
78$2,399,831$0$0$1,713,811
79$2,524,949$0$0$1,803,816
80$2,659,060$0$0$1,900,329
81$2,802,962$0$0$2,003,932
82$2,957,531$0$0$2,115,260
83$3,123,730$0$0$2,235,011
84$3,302,613$0$0$2,363,953
85$3,495,341$0$0$2,502,927
86$3,703,186$0$0$2,652,860
87$3,927,549$0$0$2,814,766
88$4,169,965$0$0$2,989,763
89$4,432,125$0$0$3,179,078
90$4,715,885$0$0$3,384,061
91$5,023,287$0$0$3,606,195
92$5,356,575$0$0$3,847,110
93$5,718,216$0$0$4,108,601
94$6,110,927$0$0$4,392,640
95$6,537,691$0$0$4,701,398
96$7,001,794$0$0$5,037,261
97$7,506,849$0$0$5,402,857
98$8,056,833$0$0$5,801,074
99$8,656,119$0$0$6,235,095
100$9,309,524$0$0$6,708,418