Can I retire at age 53 with 765,000?

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 $765,000?

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$63,173$62,610$62,061$61,525$61,002$60,215
2 years$31,274$30,691$30,127$29,580$29,049$28,257
3 years$20,642$20,057$19,494$18,952$18,430$17,658
4 years$15,327$14,744$14,187$13,654$13,144$12,398
5 years$12,139$11,560$11,009$10,487$9,992$9,274
6 years$10,015$9,439$8,897$8,387$7,906$7,217
7 years$8,498$7,927$7,394$6,895$6,430$5,769
8 years$7,360$6,795$6,270$5,784$5,334$4,703
9 years$6,476$5,916$5,401$4,927$4,492$3,890
10 years$5,769$5,215$4,708$4,247$3,828$3,253
11 years$5,191$4,642$4,145$3,696$3,292$2,745
12 years$4,710$4,167$3,679$3,242$2,853$2,333
13 years$4,303$3,766$3,287$2,862$2,488$1,995
14 years$3,955$3,423$2,953$2,541$2,181$1,713
15 years$3,653$3,127$2,666$2,266$1,920$1,478
16 years$3,389$2,869$2,417$2,029$1,697$1,279
17 years$3,157$2,642$2,200$1,823$1,505$1,110
18 years$2,950$2,441$2,008$1,643$1,338$966
19 years$2,766$2,263$1,838$1,484$1,192$842
20 years$2,600$2,103$1,687$1,344$1,065$735
21 years$2,450$1,958$1,552$1,220$953$643
22 years$2,314$1,828$1,430$1,109$854$563
23 years$2,190$1,710$1,321$1,010$767$494
24 years$2,077$1,602$1,221$922$689$434
25 years$1,972$1,503$1,131$842$620$381
26 years$1,876$1,413$1,049$770$559$335
27 years$1,787$1,330$974$704$504$295
28 years$1,705$1,253$906$645$455$259
29 years$1,628$1,182$843$592$410$229
30 years$1,557$1,116$785$543$371$201
31 years$1,491$1,055$732$499$335$178
32 years$1,428$999$683$458$303$157
33 years$1,370$946$638$422$274$138
34 years$1,315$896$596$388$249$122
35 years$1,264$850$557$357$225$108
36 years$1,215$807$521$329$204$95
37 years$1,169$766$488$303$185$84
38 years$1,126$728$457$279$168$74
39 years$1,085$693$428$257$152$65
40 years$1,046$659$401$237$138$58
41 years$1,009$627$376$219$125$51
42 years$974$597$353$202$113$45
43 years$941$569$331$187$103$40
44 years$909$542$311$172$93$35
45 years$879$517$292$159$85$31
46 years$850$493$274$147$77$27
47 years$822$471$257$136$70$24
48 years$796$450$242$126$64$21
49 years$771$429$227$116$58$19
50 years$747$410$214$107$52$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $765,000, adding $2,303 every year, while hoping to spend $39,046 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: 29/45/26 Blend
52$765,000$765,000$765,000$765,000
53$845,406$804,861$793,003$863,054
54$890,092$802,754$778,024$874,965
55$938,028$799,236$761,235$884,191
56$989,504$794,195$742,533$893,319
57$1,044,838$787,515$721,812$902,365
58$1,104,380$779,071$698,961$911,354
59$1,168,513$768,733$673,863$920,315
60$1,237,660$756,359$646,396$929,283
61$1,312,283$741,803$616,432$938,304
62$1,392,892$724,907$583,839$947,429
63$1,480,046$705,507$548,476$956,723
64$1,574,360$683,426$510,199$966,259
65$1,676,509$658,478$468,856$976,126
66$1,787,237$630,467$424,286$986,424
67$1,907,361$599,185$376,325$997,274
68$2,037,778$564,412$324,798$1,008,810
69$2,179,478$525,915$269,525$1,021,191
70$2,333,547$483,447$210,317$1,034,598
71$2,501,182$436,749$146,976$1,049,236
72$2,683,698$385,546$79,295$1,065,341
73$2,882,544$329,546$7,060$1,083,182
74$3,099,314$268,444$0$1,103,062
75$3,335,760$201,914$0$1,144,752
76$3,593,814$129,614$0$1,192,569
77$3,875,600$51,182$0$1,245,059
78$4,183,458$0$0$1,302,789
79$4,519,963$0$0$1,383,110
80$4,887,949$0$0$1,498,778
81$5,290,539$0$0$1,625,443
82$5,731,170$0$0$1,764,203
83$6,213,626$0$0$1,916,264
84$6,742,077$0$0$2,082,958
85$7,321,111$0$0$2,265,748
86$7,955,783$0$0$2,466,247
87$8,651,662$0$0$2,686,234
88$9,414,879$0$0$2,927,665
89$10,252,187$0$0$3,192,696
90$11,171,026$0$0$3,483,702
91$12,179,589$0$0$3,803,299
92$13,286,904$0$0$4,154,369
93$14,502,912$0$0$4,540,088
94$15,838,566$0$0$4,963,951
95$17,305,932$0$0$5,429,813
96$18,918,302$0$0$5,941,919
97$20,690,319$0$0$6,504,944
98$22,638,117$0$0$7,124,043
99$24,779,467$0$0$7,804,890
100$27,133,951$0$0$8,553,741