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%15.7%
1 years$63,008$62,447$61,899$61,365$60,843$59,420
2 years$31,192$30,611$30,048$29,502$28,973$27,548
3 years$20,588$20,005$19,443$18,902$18,381$16,998
4 years$15,287$14,706$14,150$13,618$13,110$11,779
5 years$12,107$11,529$10,981$10,460$9,966$8,692
6 years$9,988$9,415$8,874$8,365$7,886$6,669
7 years$8,475$7,906$7,374$6,877$6,413$5,254
8 years$7,341$6,777$6,254$5,769$5,320$4,219
9 years$6,459$5,901$5,387$4,914$4,480$3,436
10 years$5,754$5,201$4,696$4,236$3,818$2,828
11 years$5,178$4,630$4,134$3,687$3,283$2,348
12 years$4,698$4,156$3,669$3,234$2,845$1,962
13 years$4,292$3,756$3,278$2,855$2,481$1,649
14 years$3,944$3,414$2,945$2,534$2,175$1,392
15 years$3,643$3,119$2,659$2,260$1,915$1,179
16 years$3,380$2,861$2,411$2,024$1,692$1,002
17 years$3,148$2,635$2,194$1,818$1,501$853
18 years$2,943$2,435$2,003$1,639$1,334$729
19 years$2,759$2,257$1,834$1,481$1,189$623
20 years$2,593$2,097$1,683$1,341$1,062$534
21 years$2,444$1,953$1,548$1,217$951$458
22 years$2,308$1,823$1,426$1,107$852$393
23 years$2,184$1,705$1,317$1,008$765$338
24 years$2,071$1,598$1,218$919$688$291
25 years$1,967$1,499$1,128$839$619$250
26 years$1,871$1,409$1,046$767$557$215
27 years$1,783$1,326$972$703$502$186
28 years$1,701$1,250$903$644$453$160
29 years$1,624$1,179$841$590$409$138
30 years$1,553$1,113$783$542$370$119
31 years$1,487$1,053$730$497$334$103
32 years$1,425$996$681$457$302$89
33 years$1,366$943$636$420$274$76
34 years$1,312$894$594$387$248$66
35 years$1,260$848$555$356$224$57
36 years$1,212$805$520$328$203$49
37 years$1,166$764$486$302$184$43
38 years$1,123$726$455$279$167$37
39 years$1,082$691$427$257$152$32
40 years$1,043$657$400$237$137$27
41 years$1,006$626$375$219$125$24
42 years$971$596$352$202$113$20
43 years$938$568$330$186$103$18
44 years$907$541$310$172$93$15
45 years$876$516$291$159$85$13
46 years$848$492$273$147$77$11
47 years$820$470$257$135$70$10
48 years$794$448$241$125$63$9
49 years$769$428$227$116$58$7
50 years$745$409$213$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $763,000, adding $2,224 every year, while hoping to spend $35,722 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: 46/38/16 Blend
52$763,000$763,000$763,000$763,000
53$843,120$802,681$790,855$877,972
54$891,110$804,004$779,340$903,780
55$942,798$804,196$766,243$927,977
56$998,524$803,161$751,472$953,458
57$1,058,659$800,802$734,932$980,357
58$1,123,614$797,013$716,524$1,008,823
59$1,193,840$791,683$696,145$1,039,023
60$1,269,830$784,694$673,684$1,071,143
61$1,352,129$775,921$649,029$1,105,390
62$1,441,335$765,230$622,060$1,141,995
63$1,538,106$752,481$592,654$1,181,214
64$1,643,164$737,524$560,679$1,223,333
65$1,757,306$720,202$526,001$1,268,670
66$1,881,406$700,347$488,478$1,317,579
67$2,016,428$677,782$447,960$1,370,453
68$2,163,430$652,319$404,293$1,427,727
69$2,323,578$623,761$357,314$1,489,888
70$2,498,154$591,897$306,856$1,557,474
71$2,688,571$556,505$252,741$1,631,084
72$2,896,382$517,351$194,784$1,711,379
73$3,123,298$474,185$132,794$1,799,098
74$3,371,200$426,746$66,569$1,895,057
75$3,642,162$374,757$0$2,000,161
76$3,938,467$317,924$0$2,116,115
77$4,262,625$255,937$0$2,255,505
78$4,617,404$188,469$0$2,408,225
79$5,005,851$115,175$0$2,575,681
80$5,431,319$35,691$0$2,759,430
81$5,897,504$0$0$2,961,190
82$6,408,473$0$0$3,203,922
83$6,968,709$0$0$3,486,510
84$7,583,145$0$0$3,796,529
85$8,257,218$0$0$4,136,733
86$8,996,915$0$0$4,510,156
87$9,808,831$0$0$4,920,140
88$10,700,231$0$0$5,370,366
89$11,679,117$0$0$5,864,888
90$12,754,305$0$0$6,408,174
91$13,935,505$0$0$7,005,145
92$15,233,415$0$0$7,661,222
93$16,659,822$0$0$8,382,378
94$18,227,709$0$0$9,175,193
95$19,951,382$0$0$10,046,915
96$21,846,598$0$0$11,005,533
97$23,930,723$0$0$12,059,846
98$26,222,885$0$0$13,219,548
99$28,744,161$0$0$14,495,323
100$31,517,774$0$0$15,898,939