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%13.1%
1 years$63,008$62,447$61,899$61,365$60,843$60,058
2 years$31,192$30,611$30,048$29,502$28,973$28,183
3 years$20,588$20,005$19,443$18,902$18,381$17,611
4 years$15,287$14,706$14,150$13,618$13,110$12,365
5 years$12,107$11,529$10,981$10,460$9,966$9,249
6 years$9,988$9,415$8,874$8,365$7,886$7,198
7 years$8,475$7,906$7,374$6,877$6,413$5,754
8 years$7,341$6,777$6,254$5,769$5,320$4,691
9 years$6,459$5,901$5,387$4,914$4,480$3,879
10 years$5,754$5,201$4,696$4,236$3,818$3,245
11 years$5,178$4,630$4,134$3,687$3,283$2,738
12 years$4,698$4,156$3,669$3,234$2,845$2,327
13 years$4,292$3,756$3,278$2,855$2,481$1,989
14 years$3,944$3,414$2,945$2,534$2,175$1,709
15 years$3,643$3,119$2,659$2,260$1,915$1,474
16 years$3,380$2,861$2,411$2,024$1,692$1,276
17 years$3,148$2,635$2,194$1,818$1,501$1,107
18 years$2,943$2,435$2,003$1,639$1,334$963
19 years$2,759$2,257$1,834$1,481$1,189$840
20 years$2,593$2,097$1,683$1,341$1,062$733
21 years$2,444$1,953$1,548$1,217$951$641
22 years$2,308$1,823$1,426$1,107$852$562
23 years$2,184$1,705$1,317$1,008$765$493
24 years$2,071$1,598$1,218$919$688$432
25 years$1,967$1,499$1,128$839$619$380
26 years$1,871$1,409$1,046$767$557$334
27 years$1,783$1,326$972$703$502$294
28 years$1,701$1,250$903$644$453$259
29 years$1,624$1,179$841$590$409$228
30 years$1,553$1,113$783$542$370$201
31 years$1,487$1,053$730$497$334$177
32 years$1,425$996$681$457$302$156
33 years$1,366$943$636$420$274$138
34 years$1,312$894$594$387$248$122
35 years$1,260$848$555$356$224$107
36 years$1,212$805$520$328$203$95
37 years$1,166$764$486$302$184$84
38 years$1,123$726$455$279$167$74
39 years$1,082$691$427$257$152$65
40 years$1,043$657$400$237$137$58
41 years$1,006$626$375$219$125$51
42 years$971$596$352$202$113$45
43 years$938$568$330$186$103$40
44 years$907$541$310$172$93$35
45 years$876$516$291$159$85$31
46 years$848$492$273$147$77$27
47 years$820$470$257$135$70$24
48 years$794$448$241$125$63$21
49 years$769$428$227$116$58$19
50 years$745$409$213$107$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $763,000, adding $4,649 every year, while hoping to spend $34,758 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: 50/38/12 Blend
52$763,000$763,000$763,000$763,000
53$845,621$805,182$793,356$884,938
54$894,893$807,654$782,951$914,858
55$948,024$809,082$771,033$943,310
56$1,005,374$809,378$757,514$973,440
57$1,067,334$808,449$742,302$1,005,414
58$1,134,335$806,197$725,302$1,039,420
59$1,206,852$802,515$706,414$1,075,663
60$1,285,405$797,292$685,533$1,114,375
61$1,370,567$790,410$662,549$1,155,809
62$1,462,968$781,743$637,348$1,200,248
63$1,563,301$771,159$609,810$1,248,007
64$1,672,328$758,516$579,809$1,299,434
65$1,790,888$743,666$547,214$1,354,915
66$1,919,901$726,449$511,889$1,414,878
67$2,060,384$706,698$473,691$1,479,798
68$2,213,453$684,236$432,469$1,550,202
69$2,380,337$658,874$388,068$1,626,671
70$2,562,388$630,416$340,324$1,709,852
71$2,761,094$598,649$289,068$1,800,460
72$2,978,095$563,352$234,121$1,899,289
73$3,215,194$524,289$175,298$2,007,214
74$3,474,377$481,213$112,403$2,125,207
75$3,757,831$433,860$45,236$2,254,343
76$4,067,962$381,952$0$2,395,813
77$4,407,422$325,195$0$2,554,317
78$4,779,130$263,280$0$2,734,327
79$5,186,300$195,880$0$2,931,687
80$5,632,471$122,647$0$3,148,208
81$6,121,543$43,216$0$3,385,892
82$6,657,809$0$0$3,646,952
83$7,245,997$0$0$3,951,727
84$7,891,318$0$0$4,306,013
85$8,599,507$0$0$4,694,899
86$9,376,885$0$0$5,121,866
87$10,230,412$0$0$5,590,748
88$11,167,758$0$0$6,105,770
89$12,197,368$0$0$6,671,584
90$13,328,550$0$0$7,293,317
91$14,571,554$0$0$7,976,615
92$15,937,675$0$0$8,727,699
93$17,439,355$0$0$9,553,425
94$19,090,301$0$0$10,461,343
95$20,905,615$0$0$11,459,773
96$22,901,937$0$0$12,557,881
97$25,097,599$0$0$13,765,766
98$27,512,797$0$0$15,094,555
99$30,169,785$0$0$16,556,508
100$33,093,083$0$0$18,165,134