Can I retire at age 53 with 767,000?

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 $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%15.9%
1 years$63,338$62,774$62,224$61,686$61,162$59,683
2 years$31,356$30,772$30,206$29,657$29,125$27,644
3 years$20,696$20,110$19,545$19,001$18,478$17,041
4 years$15,367$14,783$14,224$13,689$13,179$11,797
5 years$12,171$11,590$11,038$10,515$10,018$8,696
6 years$10,041$9,464$8,921$8,409$7,927$6,665
7 years$8,520$7,948$7,413$6,913$6,447$5,245
8 years$7,380$6,813$6,287$5,799$5,348$4,207
9 years$6,493$5,932$5,415$4,940$4,504$3,421
10 years$5,784$5,229$4,721$4,258$3,838$2,813
11 years$5,205$4,655$4,156$3,706$3,300$2,332
12 years$4,722$4,178$3,688$3,251$2,860$1,947
13 years$4,314$3,775$3,295$2,870$2,494$1,634
14 years$3,965$3,432$2,961$2,547$2,186$1,377
15 years$3,663$3,135$2,673$2,272$1,925$1,165
16 years$3,398$2,876$2,424$2,034$1,701$988
17 years$3,165$2,649$2,206$1,828$1,508$841
18 years$2,958$2,448$2,013$1,647$1,341$717
19 years$2,773$2,269$1,843$1,488$1,196$612
20 years$2,607$2,108$1,692$1,348$1,068$523
21 years$2,457$1,964$1,556$1,223$956$448
22 years$2,320$1,833$1,434$1,112$857$384
23 years$2,196$1,714$1,324$1,013$769$330
24 years$2,082$1,606$1,224$924$691$283
25 years$1,977$1,507$1,134$844$622$243
26 years$1,881$1,417$1,052$772$560$209
27 years$1,792$1,333$977$706$505$180
28 years$1,709$1,256$908$647$456$155
29 years$1,633$1,185$845$593$412$133
30 years$1,561$1,119$787$545$372$115
31 years$1,495$1,058$734$500$336$99
32 years$1,432$1,001$685$460$304$85
33 years$1,374$948$639$423$275$73
34 years$1,319$899$597$389$249$63
35 years$1,267$852$558$358$226$55
36 years$1,218$809$522$330$204$47
37 years$1,172$768$489$304$185$41
38 years$1,129$730$458$280$168$35
39 years$1,088$694$429$258$152$30
40 years$1,049$661$402$238$138$26
41 years$1,012$629$377$220$125$22
42 years$977$599$354$203$114$19
43 years$943$571$332$187$103$17
44 years$911$544$311$173$94$14
45 years$881$519$292$160$85$12
46 years$852$495$275$147$77$11
47 years$825$472$258$136$70$9
48 years$798$451$243$126$64$8
49 years$773$430$228$116$58$7
50 years$749$411$214$108$53$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $767,000, adding $3,372 every year, while hoping to spend $36,094 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: 76/16/8 Blend
52$767,000$767,000$767,000$767,000
53$848,712$808,061$796,173$911,960
54$896,877$809,252$784,441$955,216
55$948,745$809,292$771,106$997,667
56$1,004,656$808,086$756,077$1,043,158
57$1,064,982$805,534$739,257$1,091,977
58$1,130,134$801,529$720,546$1,144,441
59$1,200,563$795,959$699,839$1,200,900
60$1,276,762$788,702$677,025$1,261,738
61$1,359,276$779,634$651,990$1,327,382
62$1,448,704$768,617$624,613$1,398,299
63$1,545,703$755,511$594,769$1,475,007
64$1,650,997$740,163$562,326$1,558,075
65$1,765,381$722,413$527,146$1,648,132
66$1,889,730$702,092$489,087$1,745,869
67$2,025,009$679,021$447,997$1,852,053
68$2,172,275$653,008$403,720$1,967,524
69$2,332,695$623,853$356,092$2,093,212
70$2,507,551$591,343$304,943$2,230,141
71$2,698,256$555,254$250,093$2,379,443
72$2,906,363$515,346$191,356$2,542,363
73$3,133,583$471,369$128,538$2,720,275
74$3,381,799$423,056$61,434$2,914,696
75$3,653,083$370,127$0$3,127,296
76$3,949,718$312,283$0$3,360,788
77$4,274,216$249,212$0$3,621,989
78$4,629,344$180,582$0$3,907,911
79$5,018,149$106,043$0$4,221,046
80$5,443,986$25,224$0$4,564,141
81$5,910,548$0$0$4,940,227
82$6,421,905$0$0$5,363,604
83$6,982,537$0$0$5,832,676
84$7,597,380$0$0$6,347,136
85$8,271,870$0$0$6,911,536
86$9,011,993$0$0$7,530,891
87$9,824,346$0$0$8,210,722
88$10,716,193$0$0$8,957,114
89$11,695,535$0$0$9,776,769
90$12,771,188$0$0$10,677,068
91$13,952,863$0$0$11,666,144
92$15,251,258$0$0$12,752,957
93$16,678,158$0$0$13,947,375
94$18,246,547$0$0$15,260,274
95$19,970,729$0$0$16,703,631
96$21,866,464$0$0$18,290,645
97$23,951,112$0$0$20,035,857
98$26,243,805$0$0$21,955,287
99$28,765,617$0$0$24,066,586
100$31,539,769$0$0$26,389,201