Can I retire at age 53 with 768,000?

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 $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%12.5%
1 years$63,421$62,856$62,305$61,767$61,241$60,602
2 years$31,396$30,812$30,245$29,696$29,163$28,519
3 years$20,723$20,136$19,571$19,026$18,502$17,873
4 years$15,387$14,802$14,242$13,707$13,196$12,587
5 years$12,187$11,605$11,053$10,529$10,031$9,445
6 years$10,054$9,476$8,932$8,420$7,937$7,374
7 years$8,531$7,958$7,423$6,922$6,455$5,915
8 years$7,389$6,822$6,295$5,807$5,355$4,838
9 years$6,502$5,939$5,422$4,946$4,510$4,015
10 years$5,792$5,235$4,727$4,264$3,843$3,371
11 years$5,212$4,661$4,162$3,711$3,305$2,855
12 years$4,729$4,183$3,693$3,255$2,864$2,436
13 years$4,320$3,780$3,300$2,873$2,497$2,091
14 years$3,970$3,436$2,965$2,551$2,189$1,803
15 years$3,667$3,139$2,677$2,275$1,927$1,561
16 years$3,403$2,880$2,427$2,037$1,704$1,357
17 years$3,169$2,652$2,208$1,830$1,510$1,182
18 years$2,962$2,451$2,016$1,649$1,343$1,033
19 years$2,777$2,272$1,846$1,490$1,197$905
20 years$2,610$2,111$1,694$1,350$1,069$794
21 years$2,460$1,966$1,558$1,225$957$697
22 years$2,323$1,835$1,436$1,114$858$614
23 years$2,199$1,717$1,326$1,014$770$541
24 years$2,085$1,608$1,226$925$692$477
25 years$1,980$1,509$1,136$845$623$421
26 years$1,884$1,418$1,053$773$561$372
27 years$1,794$1,335$978$707$506$329
28 years$1,712$1,258$909$648$456$291
29 years$1,635$1,187$846$594$412$257
30 years$1,563$1,121$788$545$372$228
31 years$1,496$1,059$735$501$337$202
32 years$1,434$1,002$685$460$304$179
33 years$1,375$949$640$423$276$159
34 years$1,320$900$598$389$249$141
35 years$1,269$853$559$358$226$125
36 years$1,220$810$523$330$205$111
37 years$1,174$769$490$304$186$98
38 years$1,130$731$458$280$168$87
39 years$1,089$695$430$259$153$77
40 years$1,050$661$403$238$138$69
41 years$1,013$630$377$220$126$61
42 years$978$600$354$203$114$54
43 years$944$571$332$187$103$48
44 years$912$545$312$173$94$43
45 years$882$519$293$160$85$38
46 years$853$495$275$148$77$34
47 years$826$473$258$136$70$30
48 years$799$451$243$126$64$27
49 years$774$431$228$116$58$24
50 years$750$412$215$108$53$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $768,000, adding $2,368 every year, while hoping to spend $35,104 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: 33/37/30 Blend
52$768,000$768,000$768,000$768,000
53$848,779$808,075$796,171$869,006
54$898,004$810,320$785,492$886,929
55$951,073$811,499$773,279$902,972
56$1,008,342$811,522$759,443$919,592
57$1,070,201$810,294$743,892$936,867
58$1,137,077$807,715$726,529$954,883
59$1,209,444$803,677$707,252$973,738
60$1,287,818$798,068$685,956$993,545
61$1,372,768$790,766$662,529$1,014,428
62$1,464,922$781,646$636,855$1,036,531
63$1,564,968$770,570$608,813$1,060,014
64$1,673,663$757,396$578,277$1,085,057
65$1,791,841$741,973$545,113$1,111,864
66$1,920,418$724,139$509,184$1,140,663
67$2,060,403$703,724$470,344$1,171,709
68$2,212,905$680,547$428,442$1,205,290
69$2,379,147$654,419$383,319$1,241,726
70$2,560,471$625,138$334,812$1,281,378
71$2,758,359$592,488$282,748$1,324,646
72$2,974,437$556,246$226,946$1,371,981
73$3,210,499$516,172$167,218$1,423,882
74$3,468,519$472,013$103,369$1,480,908
75$3,750,669$423,503$35,193$1,543,684
76$4,059,342$370,359$0$1,612,903
77$4,397,171$312,283$0$1,701,363
78$4,767,059$248,961$0$1,810,702
79$5,172,198$180,059$0$1,930,678
80$5,616,106$105,227$0$2,062,431
81$6,102,658$24,092$0$2,207,225
82$6,636,120$0$0$2,366,461
83$7,221,192$0$0$2,567,635
84$7,863,049$0$0$2,799,212
85$8,567,392$0$0$3,053,455
86$9,340,501$0$0$3,332,646
87$10,189,292$0$0$3,639,297
88$11,121,387$0$0$3,976,179
89$12,145,178$0$0$4,346,342
90$13,269,911$0$0$4,753,146
91$14,505,775$0$0$5,200,294
92$15,863,990$0$0$5,691,863
93$17,356,920$0$0$6,232,349
94$18,998,184$0$0$6,826,702
95$20,802,790$0$0$7,480,376
96$22,787,270$0$0$8,199,382
97$24,969,838$0$0$8,990,341
98$27,370,563$0$0$9,860,547
99$30,011,557$0$0$10,818,041
100$32,917,183$0$0$11,871,678