Can I retire at age 53 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$63,503$62,938$62,386$61,847$61,321$59,382
2 years$31,437$30,852$30,284$29,734$29,201$27,264
3 years$20,750$20,162$19,596$19,051$18,526$16,654
4 years$15,407$14,821$14,261$13,725$13,213$11,419
5 years$12,203$11,620$11,067$10,542$10,044$8,333
6 years$10,067$9,489$8,944$8,431$7,948$6,321
7 years$8,542$7,969$7,432$6,931$6,464$4,921
8 years$7,399$6,830$6,303$5,815$5,362$3,903
9 years$6,510$5,947$5,429$4,953$4,516$3,138
10 years$5,800$5,242$4,733$4,269$3,848$2,550
11 years$5,219$4,667$4,167$3,716$3,309$2,088
12 years$4,735$4,189$3,698$3,259$2,868$1,721
13 years$4,326$3,785$3,304$2,877$2,501$1,426
14 years$3,975$3,441$2,969$2,554$2,192$1,186
15 years$3,672$3,143$2,680$2,278$1,930$990
16 years$3,407$2,884$2,430$2,040$1,706$829
17 years$3,173$2,656$2,211$1,832$1,512$695
18 years$2,966$2,454$2,019$1,651$1,345$585
19 years$2,780$2,274$1,848$1,492$1,199$492
20 years$2,614$2,114$1,696$1,351$1,071$415
21 years$2,463$1,969$1,560$1,227$958$350
22 years$2,326$1,838$1,438$1,115$859$296
23 years$2,202$1,719$1,327$1,016$771$250
24 years$2,087$1,610$1,228$926$693$211
25 years$1,983$1,511$1,137$846$624$179
26 years$1,886$1,420$1,055$774$562$152
27 years$1,797$1,337$979$708$506$128
28 years$1,714$1,260$910$649$457$109
29 years$1,637$1,188$847$595$413$92
30 years$1,565$1,122$789$546$373$78
31 years$1,498$1,061$736$501$337$66
32 years$1,436$1,004$686$461$305$56
33 years$1,377$951$641$424$276$48
34 years$1,322$901$599$390$250$40
35 years$1,270$855$560$359$226$34
36 years$1,221$811$524$331$205$29
37 years$1,175$770$490$305$186$25
38 years$1,132$732$459$281$168$21
39 years$1,090$696$430$259$153$18
40 years$1,051$662$403$239$139$15
41 years$1,014$630$378$220$126$13
42 years$979$600$355$203$114$11
43 years$946$572$333$188$104$9
44 years$914$545$312$173$94$8
45 years$883$520$293$160$85$7
46 years$854$496$275$148$77$6
47 years$827$473$259$137$70$5
48 years$800$452$243$126$64$4
49 years$775$432$229$117$58$3
50 years$751$412$215$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $769,000, adding $6,194 every year, while hoping to spend $37,941 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: 61/12/27 Blend
52$769,000$769,000$769,000$769,000
53$853,827$813,070$801,151$899,373
54$900,549$812,542$787,620$930,545
55$950,764$810,716$772,365$959,912
56$1,004,790$807,488$755,287$991,159
57$1,062,973$802,750$736,284$1,024,476
58$1,125,695$796,384$715,249$1,060,076
59$1,193,376$788,266$692,069$1,098,193
60$1,266,475$778,266$666,628$1,139,088
61$1,345,498$766,244$638,803$1,183,050
62$1,431,002$752,053$608,466$1,230,397
63$1,523,598$735,537$575,483$1,281,485
64$1,623,957$716,531$539,714$1,336,704
65$1,732,819$694,859$501,012$1,396,490
66$1,850,996$670,337$459,226$1,461,321
67$1,979,382$642,768$414,195$1,531,731
68$2,118,961$611,945$365,752$1,608,308
69$2,270,813$577,649$313,723$1,691,702
70$2,436,130$539,647$257,926$1,782,634
71$2,616,220$497,695$198,172$1,881,900
72$2,812,525$451,533$134,261$1,990,382
73$3,026,631$400,886$65,987$2,109,053
74$3,260,283$345,465$0$2,238,990
75$3,515,403$284,965$0$2,383,363
76$3,794,107$219,060$0$2,561,925
77$4,098,723$147,411$0$2,757,166
78$4,431,814$69,656$0$2,970,765
79$4,796,204$0$0$3,204,570
80$5,195,000$0$0$3,462,546
81$5,631,625$0$0$3,755,121
82$6,109,849$0$0$4,075,629
83$6,633,821$0$0$4,426,860
84$7,208,112$0$0$4,811,886
85$7,837,756$0$0$5,234,089
86$8,528,299$0$0$5,697,195
87$9,285,846$0$0$6,205,309
88$10,117,124$0$0$6,762,951
89$11,029,543$0$0$7,375,100
90$12,031,263$0$0$8,047,242
91$13,131,275$0$0$8,785,419
92$14,339,481$0$0$9,596,287
93$15,666,793$0$0$10,487,178
94$17,125,228$0$0$11,466,170
95$18,728,027$0$0$12,542,162
96$20,489,776$0$0$13,724,959
97$22,426,545$0$0$15,025,360
98$24,556,040$0$0$16,455,267
99$26,897,765$0$0$18,027,790
100$29,473,212$0$0$19,757,375