Can I retire at age 53 with 753,000?

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 $753,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$62,182$61,628$61,088$60,560$60,045$59,468
2 years$30,783$30,210$29,654$29,116$28,593$28,011
3 years$20,318$19,742$19,188$18,655$18,141$17,573
4 years$15,087$14,513$13,964$13,440$12,938$12,388
5 years$11,949$11,378$10,837$10,323$9,835$9,305
6 years$9,857$9,291$8,758$8,255$7,782$7,273
7 years$8,364$7,803$7,278$6,787$6,329$5,840
8 years$7,245$6,688$6,172$5,694$5,251$4,782
9 years$6,375$5,823$5,316$4,850$4,422$3,974
10 years$5,679$5,133$4,635$4,180$3,768$3,340
11 years$5,110$4,570$4,080$3,638$3,240$2,832
12 years$4,636$4,101$3,621$3,191$2,808$2,420
13 years$4,236$3,707$3,235$2,817$2,449$2,079
14 years$3,893$3,369$2,907$2,501$2,146$1,796
15 years$3,596$3,078$2,624$2,230$1,890$1,557
16 years$3,336$2,824$2,379$1,997$1,670$1,355
17 years$3,107$2,601$2,165$1,794$1,481$1,183
18 years$2,904$2,403$1,977$1,617$1,317$1,035
19 years$2,722$2,227$1,809$1,461$1,174$907
20 years$2,559$2,070$1,661$1,323$1,048$797
21 years$2,412$1,928$1,527$1,201$938$701
22 years$2,278$1,799$1,408$1,092$841$618
23 years$2,156$1,683$1,300$995$755$545
24 years$2,044$1,577$1,202$907$678$482
25 years$1,941$1,480$1,113$828$611$426
26 years$1,847$1,391$1,033$757$550$377
27 years$1,759$1,309$959$693$496$334
28 years$1,678$1,233$891$635$447$296
29 years$1,603$1,164$830$583$404$262
30 years$1,533$1,099$773$535$365$232
31 years$1,467$1,039$720$491$330$206
32 years$1,406$983$672$451$299$183
33 years$1,349$931$628$415$270$163
34 years$1,295$882$586$382$245$144
35 years$1,244$837$548$351$222$128
36 years$1,196$794$513$324$201$114
37 years$1,151$754$480$298$182$101
38 years$1,108$717$449$275$165$90
39 years$1,068$682$421$253$150$80
40 years$1,029$649$395$234$136$71
41 years$993$617$370$216$123$63
42 years$959$588$347$199$112$56
43 years$926$560$326$184$101$50
44 years$895$534$306$170$92$45
45 years$865$509$287$157$84$40
46 years$837$486$270$145$76$35
47 years$809$464$253$134$69$31
48 years$784$443$238$124$63$28
49 years$759$423$224$114$57$25
50 years$735$404$210$106$52$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $753,000, adding $3,037 every year, while hoping to spend $36,168 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: 65/6/29 Blend
52$753,000$753,000$753,000$753,000
53$832,939$793,030$781,358$880,485
54$879,416$793,406$769,051$913,397
55$929,422$792,588$755,120$945,085
56$983,278$790,480$739,471$978,938
57$1,041,337$786,978$722,009$1,015,174
58$1,103,988$781,975$702,631$1,054,033
59$1,171,658$775,354$681,231$1,095,782
60$1,244,814$766,994$657,700$1,140,717
61$1,323,971$756,763$631,919$1,189,162
62$1,409,697$744,525$603,769$1,241,479
63$1,502,614$730,134$573,123$1,298,067
64$1,603,405$713,435$539,847$1,359,366
65$1,712,824$694,265$503,804$1,425,864
66$1,831,698$672,451$464,848$1,498,100
67$1,960,940$647,809$422,828$1,576,669
68$2,101,549$620,145$377,586$1,662,230
69$2,254,630$589,255$328,958$1,755,511
70$2,421,394$554,921$276,770$1,857,314
71$2,603,177$516,913$220,843$1,968,528
72$2,801,449$474,989$160,989$2,090,134
73$3,017,825$428,892$97,011$2,223,216
74$3,254,087$378,352$28,705$2,368,969
75$3,512,194$323,081$0$2,528,716
76$3,794,303$262,776$0$2,717,590
77$4,102,788$197,119$0$2,933,897
78$4,440,265$125,770$0$3,170,595
79$4,809,613$48,374$0$3,429,724
80$5,214,002$0$0$3,713,531
81$5,656,924$0$0$4,026,832
82$6,142,223$0$0$4,373,657
83$6,674,135$0$0$4,753,846
84$7,257,321$0$0$5,170,737
85$7,896,919$0$0$5,628,009
86$8,598,585$0$0$6,129,713
87$9,368,551$0$0$6,680,312
88$10,213,681$0$0$7,284,721
89$11,141,533$0$0$7,948,355
90$12,160,438$0$0$8,677,178
91$13,279,569$0$0$9,477,761
92$14,509,032$0$0$10,357,342
93$15,859,961$0$0$11,323,895
94$17,344,622$0$0$12,386,205
95$18,976,527$0$0$13,553,949
96$20,770,562$0$0$14,837,790
97$22,743,130$0$0$16,249,476
98$24,912,301$0$0$17,801,947
99$27,297,981$0$0$19,509,464
100$29,922,107$0$0$21,387,737