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%17.6%
1 years$63,008$62,447$61,899$61,365$60,843$58,966
2 years$31,192$30,611$30,048$29,502$28,973$27,098
3 years$20,588$20,005$19,443$18,902$18,381$16,568
4 years$15,287$14,706$14,150$13,618$13,110$11,372
5 years$12,107$11,529$10,981$10,460$9,966$8,307
6 years$9,988$9,415$8,874$8,365$7,886$6,308
7 years$8,475$7,906$7,374$6,877$6,413$4,917
8 years$7,341$6,777$6,254$5,769$5,320$3,904
9 years$6,459$5,901$5,387$4,914$4,480$3,143
10 years$5,754$5,201$4,696$4,236$3,818$2,557
11 years$5,178$4,630$4,134$3,687$3,283$2,097
12 years$4,698$4,156$3,669$3,234$2,845$1,731
13 years$4,292$3,756$3,278$2,855$2,481$1,436
14 years$3,944$3,414$2,945$2,534$2,175$1,196
15 years$3,643$3,119$2,659$2,260$1,915$1,000
16 years$3,380$2,861$2,411$2,024$1,692$838
17 years$3,148$2,635$2,194$1,818$1,501$704
18 years$2,943$2,435$2,003$1,639$1,334$593
19 years$2,759$2,257$1,834$1,481$1,189$500
20 years$2,593$2,097$1,683$1,341$1,062$422
21 years$2,444$1,953$1,548$1,217$951$357
22 years$2,308$1,823$1,426$1,107$852$302
23 years$2,184$1,705$1,317$1,008$765$255
24 years$2,071$1,598$1,218$919$688$216
25 years$1,967$1,499$1,128$839$619$183
26 years$1,871$1,409$1,046$767$557$156
27 years$1,783$1,326$972$703$502$132
28 years$1,701$1,250$903$644$453$112
29 years$1,624$1,179$841$590$409$95
30 years$1,553$1,113$783$542$370$81
31 years$1,487$1,053$730$497$334$69
32 years$1,425$996$681$457$302$58
33 years$1,366$943$636$420$274$50
34 years$1,312$894$594$387$248$42
35 years$1,260$848$555$356$224$36
36 years$1,212$805$520$328$203$30
37 years$1,166$764$486$302$184$26
38 years$1,123$726$455$279$167$22
39 years$1,082$691$427$257$152$19
40 years$1,043$657$400$237$137$16
41 years$1,006$626$375$219$125$13
42 years$971$596$352$202$113$11
43 years$938$568$330$186$103$10
44 years$907$541$310$172$93$8
45 years$876$516$291$159$85$7
46 years$848$492$273$147$77$6
47 years$820$470$257$135$70$5
48 years$794$448$241$125$63$4
49 years$769$428$227$116$58$4
50 years$745$409$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 $763,000, adding $5,630 every year, while hoping to spend $32,668 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: 74/12/14 Blend
52$763,000$763,000$763,000$763,000
53$846,633$806,194$794,368$906,334
54$898,231$810,939$786,221$951,320
55$953,998$814,822$776,706$996,003
56$1,014,323$817,766$765,743$1,044,078
57$1,079,636$819,688$753,247$1,095,874
58$1,150,409$820,504$739,132$1,151,752
59$1,227,162$820,119$723,304$1,212,110
60$1,310,465$818,438$705,667$1,277,389
61$1,400,946$815,355$686,120$1,348,072
62$1,499,296$810,761$664,559$1,424,693
63$1,606,275$804,538$640,872$1,507,842
64$1,722,717$796,563$614,944$1,598,168
65$1,849,544$786,705$586,654$1,696,387
66$1,987,768$774,823$555,877$1,803,289
67$2,138,501$760,770$522,479$1,919,744
68$2,302,971$744,391$486,325$2,046,714
69$2,482,526$725,518$447,269$2,185,257
70$2,678,652$703,977$405,162$2,336,540
71$2,892,985$679,583$359,845$2,501,851
72$3,127,325$652,138$311,155$2,682,611
73$3,383,655$621,434$258,921$2,880,384
74$3,664,156$587,253$202,963$3,096,897
75$3,971,232$549,361$143,095$3,334,055
76$4,307,530$507,512$79,121$3,593,956
77$4,675,964$461,446$10,838$3,878,914
78$5,079,744$410,889$0$4,191,483
79$5,522,405$355,549$0$4,543,742
80$6,007,840$295,121$0$4,931,858
81$6,540,337$229,279$0$5,357,667
82$7,124,619$157,681$0$5,824,976
83$7,765,889$79,966$0$6,337,983
84$8,469,877$0$0$6,901,312
85$9,242,895$0$0$7,520,622
86$10,091,898$0$0$8,212,438
87$11,024,545$0$0$8,972,448
88$12,049,275$0$0$9,807,533
89$13,175,385$0$0$10,725,273
90$14,413,116$0$0$11,734,019
91$15,773,751$0$0$12,842,973
92$17,269,723$0$0$14,062,272
93$18,914,725$0$0$15,403,082
94$20,723,847$0$0$16,877,708
95$22,713,715$0$0$18,499,706
96$24,902,644$0$0$20,284,013
97$27,310,815$0$0$22,247,086
98$29,960,466$0$0$24,407,056
99$32,876,095$0$0$26,783,903
100$36,084,697$0$0$29,399,638