Can I retire at age 53 with 768,000?

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 $768,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$63,421$62,856$62,305$61,767$61,241$60,177
2 years$31,396$30,812$30,245$29,696$29,163$28,094
3 years$20,723$20,136$19,571$19,026$18,502$17,462
4 years$15,387$14,802$14,242$13,707$13,196$12,193
5 years$12,187$11,605$11,053$10,529$10,031$9,068
6 years$10,054$9,476$8,932$8,420$7,937$7,015
7 years$8,531$7,958$7,423$6,922$6,455$5,574
8 years$7,389$6,822$6,295$5,807$5,355$4,514
9 years$6,502$5,939$5,422$4,946$4,510$3,709
10 years$5,792$5,235$4,727$4,264$3,843$3,082
11 years$5,212$4,661$4,162$3,711$3,305$2,583
12 years$4,729$4,183$3,693$3,255$2,864$2,180
13 years$4,320$3,780$3,300$2,873$2,497$1,850
14 years$3,970$3,436$2,965$2,551$2,189$1,578
15 years$3,667$3,139$2,677$2,275$1,927$1,350
16 years$3,403$2,880$2,427$2,037$1,704$1,160
17 years$3,169$2,652$2,208$1,830$1,510$999
18 years$2,962$2,451$2,016$1,649$1,343$862
19 years$2,777$2,272$1,846$1,490$1,197$745
20 years$2,610$2,111$1,694$1,350$1,069$646
21 years$2,460$1,966$1,558$1,225$957$560
22 years$2,323$1,835$1,436$1,114$858$487
23 years$2,199$1,717$1,326$1,014$770$423
24 years$2,085$1,608$1,226$925$692$368
25 years$1,980$1,509$1,136$845$623$321
26 years$1,884$1,418$1,053$773$561$279
27 years$1,794$1,335$978$707$506$244
28 years$1,712$1,258$909$648$456$213
29 years$1,635$1,187$846$594$412$186
30 years$1,563$1,121$788$545$372$162
31 years$1,496$1,059$735$501$337$142
32 years$1,434$1,002$685$460$304$124
33 years$1,375$949$640$423$276$108
34 years$1,320$900$598$389$249$95
35 years$1,269$853$559$358$226$83
36 years$1,220$810$523$330$205$72
37 years$1,174$769$490$304$186$63
38 years$1,130$731$458$280$168$55
39 years$1,089$695$430$259$153$48
40 years$1,050$661$403$238$138$42
41 years$1,013$630$377$220$126$37
42 years$978$600$354$203$114$32
43 years$944$571$332$187$103$28
44 years$912$545$312$173$94$25
45 years$882$519$293$160$85$22
46 years$853$495$275$148$77$19
47 years$826$473$258$136$70$17
48 years$799$451$243$126$64$15
49 years$774$431$228$116$58$13
50 years$750$412$215$108$53$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $768,000, adding $5,577 every year, while hoping to spend $40,736 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: 29/50/21 Blend
52$768,000$768,000$768,000$768,000
53$852,089$811,385$799,481$871,045
54$895,659$807,800$782,920$882,496
55$942,308$802,674$764,440$890,788
56$992,307$795,888$743,933$898,843
57$1,045,953$787,318$721,285$906,665
58$1,103,573$776,829$696,381$914,265
59$1,165,524$764,281$669,097$921,654
60$1,232,201$749,523$639,304$928,853
61$1,304,033$732,398$606,869$935,888
62$1,381,496$712,737$571,650$942,792
63$1,465,111$690,363$533,503$949,606
64$1,555,449$665,088$492,272$956,381
65$1,653,140$636,712$447,798$963,180
66$1,758,875$605,026$399,915$970,076
67$1,873,415$569,806$348,446$977,158
68$1,997,594$530,818$293,209$984,531
69$2,132,331$487,811$234,015$992,315
70$2,278,638$440,523$170,664$1,000,652
71$2,437,626$388,675$102,947$1,009,707
72$2,610,517$331,973$30,650$1,019,670
73$2,798,657$270,107$0$1,030,759
74$3,003,527$202,749$0$1,053,643
75$3,226,754$129,551$0$1,086,193
76$3,470,132$50,148$0$1,121,917
77$3,735,633$0$0$1,161,240
78$4,025,429$0$0$1,224,366
79$4,341,910$0$0$1,323,551
80$4,687,707$0$0$1,432,044
81$5,065,719$0$0$1,550,768
82$5,479,133$0$0$1,680,741
83$5,931,461$0$0$1,823,082
84$6,426,571$0$0$1,979,026
85$6,968,721$0$0$2,149,931
86$7,562,598$0$0$2,337,293
87$8,213,368$0$0$2,542,759
88$8,926,718$0$0$2,768,146
89$9,708,909$0$0$3,015,453
90$10,566,842$0$0$3,286,880
91$11,508,114$0$0$3,584,855
92$12,541,095$0$0$3,912,048
93$13,675,003$0$0$4,271,403
94$14,919,993$0$0$4,666,163
95$16,287,251$0$0$5,099,900
96$17,789,101$0$0$5,576,548
97$19,439,116$0$0$6,100,442
98$21,252,253$0$0$6,676,359
99$23,244,985$0$0$7,309,560
100$25,435,463$0$0$8,005,843