Can I retire at age 53 with 751,000?

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 $751,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$62,017$61,464$60,926$60,399$59,886$59,384
2 years$30,701$30,130$29,575$29,038$28,517$28,011
3 years$20,264$19,690$19,137$18,605$18,092$17,598
4 years$15,047$14,474$13,927$13,404$12,904$12,425
5 years$11,917$11,348$10,808$10,295$9,809$9,348
6 years$9,831$9,266$8,734$8,233$7,762$7,318
7 years$8,342$7,782$7,258$6,769$6,312$5,886
8 years$7,226$6,671$6,156$5,678$5,237$4,828
9 years$6,358$5,808$5,302$4,837$4,410$4,019
10 years$5,664$5,119$4,622$4,169$3,758$3,384
11 years$5,096$4,558$4,069$3,629$3,232$2,875
12 years$4,624$4,091$3,611$3,183$2,800$2,461
13 years$4,224$3,697$3,227$2,810$2,442$2,119
14 years$3,882$3,360$2,899$2,494$2,141$1,833
15 years$3,586$3,070$2,618$2,224$1,885$1,593
16 years$3,327$2,816$2,373$1,992$1,666$1,389
17 years$3,099$2,594$2,159$1,790$1,477$1,215
18 years$2,896$2,397$1,971$1,613$1,313$1,065
19 years$2,715$2,221$1,805$1,457$1,171$936
20 years$2,552$2,064$1,656$1,320$1,046$824
21 years$2,405$1,923$1,523$1,198$936$727
22 years$2,272$1,795$1,404$1,089$839$642
23 years$2,150$1,679$1,296$992$753$568
24 years$2,039$1,573$1,199$905$677$503
25 years$1,936$1,476$1,110$826$609$445
26 years$1,842$1,387$1,030$755$548$395
27 years$1,755$1,305$956$691$495$351
28 years$1,674$1,230$889$634$446$311
29 years$1,599$1,160$827$581$403$277
30 years$1,529$1,096$771$533$364$246
31 years$1,463$1,036$718$490$329$219
32 years$1,402$980$670$450$298$195
33 years$1,345$928$626$414$269$173
34 years$1,291$880$585$381$244$154
35 years$1,240$835$547$351$221$138
36 years$1,193$792$511$323$200$123
37 years$1,148$752$479$297$181$109
38 years$1,105$715$448$274$165$97
39 years$1,065$680$420$253$149$87
40 years$1,027$647$394$233$135$77
41 years$991$616$369$215$123$69
42 years$956$586$346$199$111$62
43 years$923$559$325$183$101$55
44 years$892$533$305$169$92$49
45 years$863$508$286$156$83$44
46 years$834$484$269$144$76$39
47 years$807$462$253$133$69$35
48 years$782$441$237$123$62$31
49 years$757$421$223$114$57$28
50 years$733$403$210$105$51$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $751,000, adding $5,976 every year, while hoping to spend $49,263 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: 56/19/25 Blend
52$751,000$751,000$751,000$751,000
53$833,766$793,963$782,323$874,450
54$866,395$780,452$756,115$889,504
55$900,701$764,628$727,378$900,219
56$936,803$746,325$695,976$910,864
57$974,830$725,368$661,765$921,447
58$1,014,924$701,573$624,595$931,979
59$1,057,239$674,742$584,312$942,476
60$1,101,942$644,669$540,751$952,958
61$1,149,215$611,133$493,741$963,451
62$1,199,259$573,903$443,106$973,984
63$1,252,292$532,732$388,658$984,596
64$1,308,551$487,362$330,203$995,332
65$1,368,297$437,516$267,539$1,006,245
66$1,431,815$382,906$200,453$1,017,400
67$1,499,416$323,225$128,725$1,028,869
68$1,571,442$258,148$52,122$1,040,740
69$1,648,265$187,333$0$1,053,112
70$1,730,295$110,420$0$1,074,004
71$1,817,981$27,026$0$1,110,997
72$1,911,813$0$0$1,150,396
73$2,012,330$0$0$1,205,672
74$2,120,124$0$0$1,271,054
75$2,235,842$0$0$1,341,291
76$2,360,197$0$0$1,416,820
77$2,493,970$0$0$1,498,123
78$2,638,018$0$0$1,585,728
79$2,793,283$0$0$1,680,214
80$2,960,801$0$0$1,782,220
81$3,141,707$0$0$1,892,445
82$3,337,251$0$0$2,011,658
83$3,548,805$0$0$2,140,707
84$3,777,880$0$0$2,280,519
85$4,026,134$0$0$2,432,119
86$4,295,391$0$0$2,596,629
87$4,587,658$0$0$2,775,288
88$4,905,142$0$0$2,969,454
89$5,250,270$0$0$3,180,625
90$5,625,712$0$0$3,410,446
91$6,034,407$0$0$3,660,729
92$6,479,587$0$0$3,933,467
93$6,964,810$0$0$4,230,853
94$7,493,991$0$0$4,555,302
95$8,071,440$0$0$4,909,472
96$8,701,900$0$0$5,296,287
97$9,390,593$0$0$5,718,968
98$10,143,267$0$0$6,181,059
99$10,966,252$0$0$6,686,465
100$11,866,515$0$0$7,239,483