Can I retire at age 53 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$63,256$62,692$62,142$61,606$61,082$59,485
2 years$31,315$30,731$30,166$29,618$29,087$27,488
3 years$20,669$20,083$19,520$18,977$18,454$16,904
4 years$15,347$14,763$14,205$13,672$13,161$11,673
5 years$12,155$11,575$11,024$10,501$10,005$8,581
6 years$10,028$9,452$8,909$8,398$7,917$6,559
7 years$8,509$7,937$7,403$6,904$6,438$5,148
8 years$7,370$6,804$6,279$5,792$5,341$4,116
9 years$6,485$5,924$5,408$4,933$4,498$3,338
10 years$5,777$5,222$4,715$4,253$3,833$2,736
11 years$5,198$4,649$4,151$3,701$3,296$2,261
12 years$4,716$4,172$3,684$3,246$2,856$1,881
13 years$4,309$3,771$3,291$2,866$2,491$1,573
14 years$3,960$3,427$2,957$2,544$2,183$1,322
15 years$3,658$3,131$2,670$2,269$1,922$1,114
16 years$3,394$2,873$2,421$2,032$1,699$942
17 years$3,161$2,646$2,203$1,825$1,507$798
18 years$2,954$2,445$2,011$1,645$1,340$678
19 years$2,769$2,266$1,841$1,486$1,194$577
20 years$2,603$2,105$1,689$1,346$1,066$492
21 years$2,453$1,961$1,554$1,222$954$419
22 years$2,317$1,831$1,432$1,111$855$358
23 years$2,193$1,712$1,322$1,012$768$306
24 years$2,079$1,604$1,223$923$690$262
25 years$1,975$1,505$1,133$843$621$224
26 years$1,879$1,415$1,050$771$559$192
27 years$1,790$1,331$975$705$504$164
28 years$1,707$1,255$907$646$455$141
29 years$1,631$1,184$844$593$411$121
30 years$1,559$1,118$786$544$371$104
31 years$1,493$1,057$733$499$336$89
32 years$1,430$1,000$684$459$304$76
33 years$1,372$947$638$422$275$65
34 years$1,317$897$596$388$249$56
35 years$1,265$851$558$358$225$48
36 years$1,217$808$522$329$204$41
37 years$1,171$767$488$303$185$36
38 years$1,127$729$457$280$168$31
39 years$1,086$693$428$258$152$26
40 years$1,047$660$402$238$138$22
41 years$1,010$628$377$219$125$19
42 years$975$598$353$202$114$17
43 years$942$570$331$187$103$14
44 years$910$543$311$173$94$12
45 years$880$518$292$159$85$11
46 years$851$494$274$147$77$9
47 years$823$472$258$136$70$8
48 years$797$450$242$126$64$7
49 years$772$430$228$116$58$6
50 years$748$411$214$107$52$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $766,000, adding $3,139 every year, while hoping to spend $37,192 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: 55/23/22 Blend
52$766,000$766,000$766,000$766,000
53$847,370$806,772$794,899$888,735
54$894,230$806,732$781,956$917,384
55$944,623$805,443$767,333$944,384
56$998,870$802,805$750,934$972,995
57$1,057,324$798,712$732,660$1,003,380
58$1,120,372$793,051$712,406$1,035,725
59$1,188,440$785,700$690,061$1,070,233
60$1,261,996$776,534$665,513$1,107,130
61$1,341,553$765,417$638,641$1,146,670
62$1,427,675$752,207$609,320$1,189,131
63$1,520,985$736,752$577,419$1,234,823
64$1,622,164$718,892$542,801$1,284,091
65$1,731,964$698,457$505,324$1,337,316
66$1,851,211$675,267$464,838$1,394,922
67$1,980,811$649,133$421,188$1,457,378
68$2,121,766$619,852$374,209$1,525,204
69$2,275,174$587,212$323,733$1,598,976
70$2,442,244$550,988$269,581$1,679,333
71$2,624,308$510,942$211,567$1,766,983
72$2,822,831$466,821$149,498$1,862,708
73$3,039,425$418,361$83,171$1,967,375
74$3,275,864$365,278$12,375$2,081,945
75$3,534,102$307,277$0$2,207,479
76$3,816,289$244,042$0$2,359,983
77$4,124,794$175,243$0$2,529,992
78$4,462,222$100,529$0$2,716,093
79$4,831,444$19,530$0$2,919,935
80$5,235,619$0$0$3,143,340
81$5,678,229$0$0$3,405,563
82$6,163,105$0$0$3,698,312
83$6,694,468$0$0$4,019,201
84$7,276,966$0$0$4,371,046
85$7,915,718$0$0$4,756,949
86$8,616,363$0$0$5,180,325
87$9,385,110$0$0$5,644,938
88$10,228,801$0$0$6,154,933
89$11,154,970$0$0$6,714,874
90$12,171,917$0$0$7,329,793
91$13,288,786$0$0$8,005,227
92$14,515,649$0$0$8,747,282
93$15,863,601$0$0$9,562,680
94$17,344,866$0$0$10,458,829
95$18,972,910$0$0$11,443,889
96$20,762,569$0$0$12,526,850
97$22,730,187$0$0$13,717,617
98$24,893,773$0$0$15,027,103
99$27,273,164$0$0$16,467,330
100$29,890,221$0$0$18,051,546