Can I retire at age 53 with 767,000?

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 $767,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$63,338$62,774$62,224$61,686$61,162$60,000
2 years$31,356$30,772$30,206$29,657$29,125$27,959
3 years$20,696$20,110$19,545$19,001$18,478$17,345
4 years$15,367$14,783$14,224$13,689$13,179$12,086
5 years$12,171$11,590$11,038$10,515$10,018$8,970
6 years$10,041$9,464$8,921$8,409$7,927$6,924
7 years$8,520$7,948$7,413$6,913$6,447$5,489
8 years$7,380$6,813$6,287$5,799$5,348$4,436
9 years$6,493$5,932$5,415$4,940$4,504$3,636
10 years$5,784$5,229$4,721$4,258$3,838$3,013
11 years$5,205$4,655$4,156$3,706$3,300$2,519
12 years$4,722$4,178$3,688$3,251$2,860$2,120
13 years$4,314$3,775$3,295$2,870$2,494$1,795
14 years$3,965$3,432$2,961$2,547$2,186$1,526
15 years$3,663$3,135$2,673$2,272$1,925$1,303
16 years$3,398$2,876$2,424$2,034$1,701$1,116
17 years$3,165$2,649$2,206$1,828$1,508$958
18 years$2,958$2,448$2,013$1,647$1,341$825
19 years$2,773$2,269$1,843$1,488$1,196$711
20 years$2,607$2,108$1,692$1,348$1,068$614
21 years$2,457$1,964$1,556$1,223$956$531
22 years$2,320$1,833$1,434$1,112$857$460
23 years$2,196$1,714$1,324$1,013$769$399
24 years$2,082$1,606$1,224$924$691$346
25 years$1,977$1,507$1,134$844$622$300
26 years$1,881$1,417$1,052$772$560$261
27 years$1,792$1,333$977$706$505$227
28 years$1,709$1,256$908$647$456$197
29 years$1,633$1,185$845$593$412$172
30 years$1,561$1,119$787$545$372$149
31 years$1,495$1,058$734$500$336$130
32 years$1,432$1,001$685$460$304$113
33 years$1,374$948$639$423$275$99
34 years$1,319$899$597$389$249$86
35 years$1,267$852$558$358$226$75
36 years$1,218$809$522$330$204$65
37 years$1,172$768$489$304$185$57
38 years$1,129$730$458$280$168$50
39 years$1,088$694$429$258$152$43
40 years$1,049$661$402$238$138$38
41 years$1,012$629$377$220$125$33
42 years$977$599$354$203$114$29
43 years$943$571$332$187$103$25
44 years$911$544$311$173$94$22
45 years$881$519$292$160$85$19
46 years$852$495$275$147$77$17
47 years$825$472$258$136$70$15
48 years$798$451$243$126$64$13
49 years$773$430$228$116$58$11
50 years$749$411$214$108$53$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $767,000, adding $3,057 every year, while hoping to spend $57,329 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: 63/29/8 Blend
52$767,000$767,000$767,000$767,000
53$848,387$807,736$795,848$900,268
54$873,925$786,318$761,511$913,849
55$900,147$761,928$724,103$921,697
56$927,060$734,362$683,459$928,796
57$954,675$703,400$639,410$935,073
58$982,998$668,813$591,776$940,447
59$1,012,034$630,355$540,371$944,833
60$1,041,789$587,769$485,000$948,140
61$1,072,264$540,783$425,460$950,269
62$1,103,460$489,106$361,538$951,115
63$1,135,376$432,435$293,013$950,567
64$1,168,007$370,447$219,651$948,505
65$1,201,346$302,802$141,212$944,799
66$1,235,383$229,139$57,443$939,314
67$1,270,104$149,079$0$931,903
68$1,305,492$62,220$0$925,134
69$1,341,522$0$0$921,524
70$1,378,168$0$0$926,175
71$1,415,396$0$0$951,056
72$1,453,166$0$0$976,283
73$1,491,431$0$0$1,001,822
74$1,530,135$0$0$1,027,634
75$1,569,214$0$0$1,053,672
76$1,608,593$0$0$1,079,885
77$1,648,188$0$0$1,106,212
78$1,687,901$0$0$1,132,584
79$1,727,619$0$0$1,158,922
80$1,767,217$0$0$1,185,138
81$1,806,550$0$0$1,211,129
82$1,845,456$0$0$1,236,783
83$1,883,751$0$0$1,261,970
84$1,921,230$0$0$1,286,546
85$1,957,659$0$0$1,310,348
86$1,992,779$0$0$1,333,193
87$2,026,297$0$0$1,354,879
88$2,057,887$0$0$1,375,176
89$2,087,184$0$0$1,393,829
90$2,113,780$0$0$1,410,554
91$2,137,220$0$0$1,425,034
92$2,156,998$0$0$1,436,915
93$2,172,550$0$0$1,445,802
94$2,183,248$0$0$1,451,260
95$2,188,393$0$0$1,452,801
96$2,187,210$0$0$1,449,885
97$2,178,838$0$0$1,441,911
98$2,162,321$0$0$1,428,215
99$2,136,598$0$0$1,408,057
100$2,100,494$0$0$1,380,619