Can I retire at age 53 with 765,000?

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 $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%15.7%
1 years$63,173$62,610$62,061$61,525$61,002$59,576
2 years$31,274$30,691$30,127$29,580$29,049$27,620
3 years$20,642$20,057$19,494$18,952$18,430$17,043
4 years$15,327$14,744$14,187$13,654$13,144$11,810
5 years$12,139$11,560$11,009$10,487$9,992$8,714
6 years$10,015$9,439$8,897$8,387$7,906$6,687
7 years$8,498$7,927$7,394$6,895$6,430$5,268
8 years$7,360$6,795$6,270$5,784$5,334$4,230
9 years$6,476$5,916$5,401$4,927$4,492$3,445
10 years$5,769$5,215$4,708$4,247$3,828$2,836
11 years$5,191$4,642$4,145$3,696$3,292$2,354
12 years$4,710$4,167$3,679$3,242$2,853$1,967
13 years$4,303$3,766$3,287$2,862$2,488$1,653
14 years$3,955$3,423$2,953$2,541$2,181$1,395
15 years$3,653$3,127$2,666$2,266$1,920$1,182
16 years$3,389$2,869$2,417$2,029$1,697$1,004
17 years$3,157$2,642$2,200$1,823$1,505$856
18 years$2,950$2,441$2,008$1,643$1,338$731
19 years$2,766$2,263$1,838$1,484$1,192$625
20 years$2,600$2,103$1,687$1,344$1,065$535
21 years$2,450$1,958$1,552$1,220$953$459
22 years$2,314$1,828$1,430$1,109$854$394
23 years$2,190$1,710$1,321$1,010$767$339
24 years$2,077$1,602$1,221$922$689$291
25 years$1,972$1,503$1,131$842$620$251
26 years$1,876$1,413$1,049$770$559$216
27 years$1,787$1,330$974$704$504$186
28 years$1,705$1,253$906$645$455$160
29 years$1,628$1,182$843$592$410$138
30 years$1,557$1,116$785$543$371$119
31 years$1,491$1,055$732$499$335$103
32 years$1,428$999$683$458$303$89
33 years$1,370$946$638$422$274$77
34 years$1,315$896$596$388$249$66
35 years$1,264$850$557$357$225$57
36 years$1,215$807$521$329$204$49
37 years$1,169$766$488$303$185$43
38 years$1,126$728$457$279$168$37
39 years$1,085$693$428$257$152$32
40 years$1,046$659$401$237$138$27
41 years$1,009$627$376$219$125$24
42 years$974$597$353$202$113$21
43 years$941$569$331$187$103$18
44 years$909$542$311$172$93$15
45 years$879$517$292$159$85$13
46 years$850$493$274$147$77$11
47 years$822$471$257$136$70$10
48 years$796$450$242$126$64$9
49 years$771$429$227$116$58$7
50 years$747$410$214$107$52$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $765,000, adding $2,367 every year, while hoping to spend $57,012 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: 60/14/26 Blend
52$765,000$765,000$765,000$765,000
53$845,472$804,927$793,069$890,155
54$871,049$783,708$758,977$899,635
55$897,325$759,538$721,831$903,624
56$924,310$732,213$681,470$906,760
57$952,015$701,517$637,724$908,971
58$980,448$667,219$590,416$910,183
59$1,009,618$629,077$539,359$910,315
60$1,039,532$586,835$484,361$909,283
61$1,070,196$540,221$425,219$906,997
62$1,101,614$488,950$361,721$903,361
63$1,133,787$432,717$293,647$898,271
64$1,166,716$371,203$220,767$891,620
65$1,200,398$304,068$142,840$883,291
66$1,234,828$230,957$59,614$873,162
67$1,269,997$151,491$0$861,101
68$1,305,894$65,271$0$855,069
69$1,342,503$0$0$864,993
70$1,379,803$0$0$878,569
71$1,417,769$0$0$902,609
72$1,456,371$0$0$927,036
73$1,495,570$0$0$951,823
74$1,535,323$0$0$976,941
75$1,575,578$0$0$1,002,354
76$1,616,275$0$0$1,028,020
77$1,657,341$0$0$1,053,893
78$1,698,697$0$0$1,079,916
79$1,740,249$0$0$1,106,028
80$1,781,891$0$0$1,132,155
81$1,823,500$0$0$1,158,217
82$1,864,938$0$0$1,184,121
83$1,906,050$0$0$1,209,761
84$1,946,658$0$0$1,235,020
85$1,986,563$0$0$1,259,764
86$2,025,541$0$0$1,283,843
87$2,063,340$0$0$1,307,089
88$2,099,676$0$0$1,329,313
89$2,134,234$0$0$1,350,304
90$2,166,660$0$0$1,369,827
91$2,196,557$0$0$1,387,618
92$2,223,483$0$0$1,403,382
93$2,246,947$0$0$1,416,793
94$2,266,399$0$0$1,427,484
95$2,281,228$0$0$1,435,051
96$2,290,756$0$0$1,439,042
97$2,294,225$0$0$1,438,954
98$2,290,798$0$0$1,434,231
99$2,279,542$0$0$1,424,255
100$2,259,422$0$0$1,408,338