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%13.5%
1 years$61,934$61,383$60,844$60,319$59,806$58,937
2 years$30,661$30,090$29,536$29,000$28,479$27,605
3 years$20,237$19,664$19,112$18,580$18,068$17,217
4 years$15,027$14,455$13,909$13,386$12,886$12,064
5 years$11,901$11,333$10,794$10,282$9,796$9,005
6 years$9,818$9,254$8,723$8,222$7,751$6,993
7 years$8,331$7,772$7,249$6,760$6,304$5,578
8 years$7,216$6,662$6,147$5,671$5,230$4,536
9 years$6,349$5,800$5,295$4,830$4,404$3,743
10 years$5,656$5,113$4,616$4,164$3,753$3,123
11 years$5,090$4,551$4,064$3,624$3,227$2,629
12 years$4,618$4,085$3,607$3,179$2,797$2,228
13 years$4,219$3,692$3,222$2,806$2,439$1,900
14 years$3,877$3,356$2,895$2,491$2,138$1,628
15 years$3,581$3,066$2,614$2,222$1,882$1,400
16 years$3,323$2,813$2,370$1,989$1,664$1,208
17 years$3,095$2,590$2,157$1,787$1,475$1,046
18 years$2,892$2,394$1,969$1,611$1,312$907
19 years$2,712$2,218$1,802$1,455$1,169$789
20 years$2,549$2,061$1,654$1,318$1,044$687
21 years$2,402$1,920$1,521$1,196$934$599
22 years$2,269$1,792$1,402$1,088$838$523
23 years$2,147$1,676$1,295$991$752$457
24 years$2,036$1,571$1,197$903$676$400
25 years$1,934$1,474$1,109$825$608$350
26 years$1,839$1,385$1,029$754$548$307
27 years$1,752$1,304$955$691$494$269
28 years$1,672$1,228$888$633$446$236
29 years$1,597$1,159$826$580$402$208
30 years$1,527$1,094$770$532$364$182
31 years$1,461$1,035$717$489$329$160
32 years$1,400$979$669$449$297$141
33 years$1,343$927$625$413$269$124
34 years$1,289$879$584$380$244$109
35 years$1,239$833$546$350$221$96
36 years$1,191$791$511$322$200$84
37 years$1,146$751$478$297$181$74
38 years$1,104$714$448$274$164$65
39 years$1,063$679$419$252$149$57
40 years$1,025$646$393$233$135$51
41 years$989$615$369$215$123$44
42 years$955$586$346$198$111$39
43 years$922$558$324$183$101$34
44 years$891$532$305$169$92$30
45 years$861$507$286$156$83$27
46 years$833$484$269$144$76$24
47 years$806$462$252$133$69$21
48 years$780$441$237$123$62$18
49 years$756$421$223$114$57$16
50 years$732$402$210$105$51$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $750,000, adding $2,541 every year, while hoping to spend $57,585 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: 42/36/22 Blend
52$750,000$750,000$750,000$750,000
53$829,121$789,371$777,746$858,507
54$852,421$766,780$742,531$857,088
55$876,168$741,152$704,205$849,818
56$900,347$712,278$662,605$840,781
57$924,938$679,935$617,558$829,846
58$949,919$643,890$568,884$816,872
59$975,263$603,893$516,394$801,712
60$1,000,939$559,683$459,892$784,206
61$1,026,909$510,981$399,173$764,186
62$1,053,130$457,495$334,021$741,473
63$1,079,552$398,915$264,214$715,876
64$1,106,117$334,913$189,516$687,191
65$1,132,760$265,143$109,684$655,202
66$1,159,407$189,240$24,463$619,678
67$1,185,971$106,817$0$580,375
68$1,212,356$17,468$0$552,635
69$1,238,453$0$0$527,718
70$1,264,138$0$0$531,036
71$1,289,274$0$0$540,967
72$1,313,704$0$0$550,517
73$1,337,252$0$0$559,605
74$1,359,723$0$0$568,136
75$1,380,898$0$0$576,009
76$1,400,530$0$0$583,107
77$1,418,347$0$0$589,302
78$1,434,042$0$0$594,451
79$1,447,275$0$0$598,394
80$1,457,668$0$0$600,953
81$1,464,797$0$0$601,931
82$1,468,196$0$0$601,108
83$1,467,341$0$0$598,242
84$1,461,655$0$0$593,062
85$1,450,495$0$0$585,268
86$1,433,149$0$0$574,528
87$1,408,827$0$0$560,474
88$1,376,654$0$0$542,698
89$1,335,658$0$0$520,748
90$1,284,767$0$0$494,123
91$1,222,790$0$0$462,272
92$1,148,411$0$0$424,580
93$1,060,174$0$0$380,371
94$956,467$0$0$328,897
95$835,509$0$0$269,328
96$695,330$0$0$200,750
97$533,753$0$0$122,152
98$348,371$0$0$32,416
99$136,525$0$0$0
100$0$0$0$0