Can I retire at age 53 with 750,000?

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 $750,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$61,934$61,383$60,844$60,319$59,806$57,938
2 years$30,661$30,090$29,536$29,000$28,479$26,614
3 years$20,237$19,664$19,112$18,580$18,068$16,264
4 years$15,027$14,455$13,909$13,386$12,886$11,157
5 years$11,901$11,333$10,794$10,282$9,796$8,147
6 years$9,818$9,254$8,723$8,222$7,751$6,183
7 years$8,331$7,772$7,249$6,760$6,304$4,816
8 years$7,216$6,662$6,147$5,671$5,230$3,822
9 years$6,349$5,800$5,295$4,830$4,404$3,075
10 years$5,656$5,113$4,616$4,164$3,753$2,500
11 years$5,090$4,551$4,064$3,624$3,227$2,049
12 years$4,618$4,085$3,607$3,179$2,797$1,690
13 years$4,219$3,692$3,222$2,806$2,439$1,401
14 years$3,877$3,356$2,895$2,491$2,138$1,166
15 years$3,581$3,066$2,614$2,222$1,882$974
16 years$3,323$2,813$2,370$1,989$1,664$816
17 years$3,095$2,590$2,157$1,787$1,475$685
18 years$2,892$2,394$1,969$1,611$1,312$576
19 years$2,712$2,218$1,802$1,455$1,169$486
20 years$2,549$2,061$1,654$1,318$1,044$410
21 years$2,402$1,920$1,521$1,196$934$346
22 years$2,269$1,792$1,402$1,088$838$292
23 years$2,147$1,676$1,295$991$752$247
24 years$2,036$1,571$1,197$903$676$209
25 years$1,934$1,474$1,109$825$608$177
26 years$1,839$1,385$1,029$754$548$150
27 years$1,752$1,304$955$691$494$127
28 years$1,672$1,228$888$633$446$108
29 years$1,597$1,159$826$580$402$92
30 years$1,527$1,094$770$532$364$78
31 years$1,461$1,035$717$489$329$66
32 years$1,400$979$669$449$297$56
33 years$1,343$927$625$413$269$48
34 years$1,289$879$584$380$244$40
35 years$1,239$833$546$350$221$34
36 years$1,191$791$511$322$200$29
37 years$1,146$751$478$297$181$25
38 years$1,104$714$448$274$164$21
39 years$1,063$679$419$252$149$18
40 years$1,025$646$393$233$135$15
41 years$989$615$369$215$123$13
42 years$955$586$346$198$111$11
43 years$922$558$324$183$101$9
44 years$891$532$305$169$92$8
45 years$861$507$286$156$83$7
46 years$833$484$269$144$76$6
47 years$806$462$252$133$69$5
48 years$780$441$237$123$62$4
49 years$756$421$223$114$57$3
50 years$732$402$210$105$51$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $750,000, adding $6,249 every year, while hoping to spend $49,706 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: 36/50/14 Blend
52$750,000$750,000$750,000$750,000
53$832,946$793,196$781,571$859,138
54$865,020$779,176$754,867$864,556
55$898,699$762,803$725,602$865,205
56$934,095$743,909$693,638$864,826
57$971,329$722,317$658,832$863,353
58$1,010,532$697,838$621,030$860,718
59$1,051,849$670,274$580,077$856,850
60$1,095,434$639,414$535,806$851,678
61$1,141,458$605,035$488,046$845,126
62$1,190,107$566,902$436,615$837,121
63$1,241,583$524,765$381,327$827,582
64$1,296,107$478,361$321,984$816,433
65$1,353,921$427,412$258,381$803,593
66$1,415,288$371,623$190,305$788,982
67$1,480,498$310,683$117,531$772,519
68$1,549,867$244,264$39,825$754,123
69$1,623,739$172,019$0$733,714
70$1,702,493$93,581$0$717,653
71$1,786,544$8,563$0$706,190
72$1,876,346$0$0$693,336
73$1,972,396$0$0$724,974
74$2,075,240$0$0$763,962
75$2,185,476$0$0$805,826
76$2,303,761$0$0$850,825
77$2,430,815$0$0$899,241
78$2,567,429$0$0$951,388
79$2,714,471$0$0$1,007,607
80$2,872,894$0$0$1,068,274
81$3,043,744$0$0$1,133,803
82$3,228,173$0$0$1,204,647
83$3,427,443$0$0$1,281,307
84$3,642,944$0$0$1,364,330
85$3,876,201$0$0$1,454,319
86$4,128,894$0$0$1,551,939
87$4,402,867$0$0$1,657,918
88$4,700,149$0$0$1,773,059
89$5,022,972$0$0$1,898,244
90$5,373,790$0$0$2,034,445
91$5,755,304$0$0$2,182,730
92$6,170,483$0$0$2,344,274
93$6,622,598$0$0$2,520,370
94$7,115,243$0$0$2,712,444
95$7,652,379$0$0$2,922,062
96$8,238,361$0$0$3,150,948
97$8,877,985$0$0$3,401,002
98$9,576,528$0$0$3,674,315
99$10,339,802$0$0$3,973,187
100$11,174,204$0$0$4,300,153