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%14.3%
1 years$63,256$62,692$62,142$61,606$61,082$59,996
2 years$31,315$30,731$30,166$29,618$29,087$27,996
3 years$20,669$20,083$19,520$18,977$18,454$17,393
4 years$15,347$14,763$14,205$13,672$13,161$12,138
5 years$12,155$11,575$11,024$10,501$10,005$9,023
6 years$10,028$9,452$8,909$8,398$7,917$6,976
7 years$8,509$7,937$7,403$6,904$6,438$5,540
8 years$7,370$6,804$6,279$5,792$5,341$4,484
9 years$6,485$5,924$5,408$4,933$4,498$3,682
10 years$5,777$5,222$4,715$4,253$3,833$3,058
11 years$5,198$4,649$4,151$3,701$3,296$2,561
12 years$4,716$4,172$3,684$3,246$2,856$2,160
13 years$4,309$3,771$3,291$2,866$2,491$1,832
14 years$3,960$3,427$2,957$2,544$2,183$1,561
15 years$3,658$3,131$2,670$2,269$1,922$1,335
16 years$3,394$2,873$2,421$2,032$1,699$1,146
17 years$3,161$2,646$2,203$1,825$1,507$986
18 years$2,954$2,445$2,011$1,645$1,340$851
19 years$2,769$2,266$1,841$1,486$1,194$735
20 years$2,603$2,105$1,689$1,346$1,066$636
21 years$2,453$1,961$1,554$1,222$954$551
22 years$2,317$1,831$1,432$1,111$855$479
23 years$2,193$1,712$1,322$1,012$768$416
24 years$2,079$1,604$1,223$923$690$362
25 years$1,975$1,505$1,133$843$621$315
26 years$1,879$1,415$1,050$771$559$274
27 years$1,790$1,331$975$705$504$239
28 years$1,707$1,255$907$646$455$208
29 years$1,631$1,184$844$593$411$182
30 years$1,559$1,118$786$544$371$158
31 years$1,493$1,057$733$499$336$138
32 years$1,430$1,000$684$459$304$121
33 years$1,372$947$638$422$275$105
34 years$1,317$897$596$388$249$92
35 years$1,265$851$558$358$225$81
36 years$1,217$808$522$329$204$70
37 years$1,171$767$488$303$185$61
38 years$1,127$729$457$280$168$54
39 years$1,086$693$428$258$152$47
40 years$1,047$660$402$238$138$41
41 years$1,010$628$377$219$125$36
42 years$975$598$353$202$114$31
43 years$942$570$331$187$103$27
44 years$910$543$311$173$94$24
45 years$880$518$292$159$85$21
46 years$851$494$274$147$77$18
47 years$823$472$258$136$70$16
48 years$797$450$242$126$64$14
49 years$772$430$228$116$58$12
50 years$748$411$214$107$52$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $766,000, adding $2,457 every year, while hoping to spend $44,481 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: 55/38/7 Blend
52$766,000$766,000$766,000$766,000
53$846,666$806,068$794,195$891,740
54$885,699$798,238$773,474$914,620
55$927,222$788,534$750,567$934,376
56$971,443$776,816$725,355$954,802
57$1,018,587$762,938$697,712$975,967
58$1,068,905$746,743$667,507$997,950
59$1,122,667$728,067$634,602$1,020,840
60$1,180,172$706,736$598,854$1,044,739
61$1,241,747$682,563$560,113$1,069,759
62$1,307,750$655,353$518,222$1,096,029
63$1,378,575$624,900$473,016$1,123,694
64$1,454,653$590,984$424,326$1,152,915
65$1,536,458$553,373$371,972$1,183,873
66$1,624,511$511,822$315,766$1,216,774
67$1,719,382$466,071$255,515$1,251,846
68$1,821,698$415,849$191,014$1,289,346
69$1,932,149$360,863$122,052$1,329,561
70$2,051,493$300,810$48,405$1,372,811
71$2,180,561$235,365$0$1,419,457
72$2,320,268$164,188$0$1,472,153
73$2,471,619$86,917$0$1,533,098
74$2,635,722$3,173$0$1,599,191
75$2,813,790$0$0$1,671,009
76$3,007,162$0$0$1,785,758
77$3,217,309$0$0$1,911,966
78$3,445,848$0$0$2,049,285
79$3,694,560$0$0$2,198,794
80$3,965,403$0$0$2,361,677
81$4,260,533$0$0$2,539,240
82$4,582,322$0$0$2,732,920
83$4,933,382$0$0$2,944,297
84$5,316,584$0$0$3,175,113
85$5,735,093$0$0$3,427,282
86$6,192,391$0$0$3,702,914
87$6,692,311$0$0$4,004,332
88$7,239,075$0$0$4,334,091
89$7,837,329$0$0$4,695,007
90$8,492,191$0$0$5,090,180
91$9,209,295$0$0$5,523,024
92$9,994,848$0$0$5,997,297
93$10,855,682$0$0$6,517,140
94$11,799,324$0$0$7,087,114
95$12,834,063$0$0$7,712,239
96$13,969,029$0$0$8,398,047
97$15,214,277$0$0$9,150,631
98$16,580,882$0$0$9,976,703
99$18,081,047$0$0$10,883,654
100$19,728,208$0$0$11,879,627