Can I retire at age 53 with 756,000?

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 $756,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$62,430$61,874$61,331$60,802$60,285$59,286
2 years$30,906$30,330$29,772$29,232$28,707$27,704
3 years$20,399$19,821$19,265$18,729$18,213$17,236
4 years$15,147$14,571$14,020$13,493$12,990$12,047
5 years$11,996$11,424$10,880$10,364$9,874$8,969
6 years$9,897$9,328$8,793$8,288$7,813$6,946
7 years$8,398$7,834$7,307$6,814$6,354$5,525
8 years$7,274$6,715$6,197$5,716$5,272$4,480
9 years$6,400$5,847$5,337$4,869$4,439$3,686
10 years$5,701$5,154$4,653$4,197$3,783$3,066
11 years$5,130$4,588$4,096$3,653$3,253$2,573
12 years$4,655$4,118$3,636$3,204$2,819$2,174
13 years$4,253$3,721$3,248$2,829$2,458$1,848
14 years$3,908$3,383$2,918$2,511$2,155$1,578
15 years$3,610$3,090$2,635$2,239$1,897$1,352
16 years$3,349$2,835$2,389$2,005$1,677$1,163
17 years$3,120$2,611$2,174$1,802$1,487$1,003
18 years$2,916$2,413$1,984$1,624$1,322$867
19 years$2,733$2,236$1,817$1,467$1,178$751
20 years$2,569$2,078$1,667$1,329$1,053$651
21 years$2,421$1,935$1,534$1,206$942$566
22 years$2,287$1,807$1,413$1,096$844$492
23 years$2,164$1,690$1,305$998$758$429
24 years$2,052$1,583$1,207$911$681$374
25 years$1,949$1,486$1,118$832$613$326
26 years$1,854$1,396$1,037$760$552$285
27 years$1,766$1,314$963$696$498$249
28 years$1,685$1,238$895$638$449$217
29 years$1,609$1,168$833$585$406$190
30 years$1,539$1,103$776$537$366$166
31 years$1,473$1,043$723$493$331$145
32 years$1,412$987$675$453$300$127
33 years$1,354$935$630$417$271$111
34 years$1,300$886$589$383$246$98
35 years$1,249$840$550$353$222$85
36 years$1,201$797$515$325$202$75
37 years$1,155$757$482$299$183$66
38 years$1,113$720$451$276$166$58
39 years$1,072$684$423$254$150$50
40 years$1,034$651$396$235$136$44
41 years$997$620$372$217$124$39
42 years$962$590$349$200$112$34
43 years$930$562$327$184$102$30
44 years$898$536$307$170$92$26
45 years$868$511$288$157$84$23
46 years$840$488$271$145$76$20
47 years$813$465$254$134$69$18
48 years$787$444$239$124$63$15
49 years$762$424$225$115$57$14
50 years$738$405$211$106$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $756,000, adding $3,949 every year, while hoping to spend $57,940 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: 32/47/21 Blend
52$756,000$756,000$756,000$756,000
53$837,185$797,117$785,399$858,432
54$860,931$774,528$750,063$852,120
55$885,156$748,891$711,600$839,796
56$909,849$719,994$669,846$825,321
57$934,995$687,615$624,627$808,540
58$960,574$651,518$575,762$789,291
59$986,564$611,453$523,061$767,404
60$1,012,938$567,158$466,328$742,694
61$1,039,662$518,354$405,355$714,970
62$1,066,700$464,745$339,926$684,024
63$1,094,006$406,021$269,817$649,641
64$1,121,531$341,852$194,792$611,588
65$1,149,216$271,891$114,605$569,621
66$1,176,992$195,771$29,001$523,478
67$1,204,785$113,103$0$472,885
68$1,232,506$23,478$0$431,519
69$1,260,057$0$0$392,941
70$1,287,326$0$0$388,413
71$1,314,186$0$0$395,820
72$1,340,497$0$0$402,968
73$1,366,097$0$0$409,799
74$1,390,808$0$0$416,247
75$1,414,429$0$0$422,239
76$1,436,734$0$0$427,694
77$1,457,473$0$0$432,520
78$1,476,364$0$0$436,616
79$1,493,094$0$0$439,870
80$1,507,314$0$0$442,154
81$1,518,635$0$0$443,331
82$1,526,624$0$0$443,244
83$1,530,801$0$0$441,721
84$1,530,630$0$0$438,571
85$1,525,517$0$0$433,580
86$1,514,805$0$0$426,515
87$1,497,761$0$0$417,113
88$1,473,574$0$0$405,085
89$1,441,346$0$0$390,112
90$1,400,081$0$0$371,838
91$1,348,676$0$0$349,871
92$1,285,910$0$0$323,777
93$1,210,432$0$0$293,075
94$1,120,746$0$0$257,235
95$1,015,197$0$0$215,667
96$891,957$0$0$167,725
97$749,002$0$0$112,688
98$584,097$0$0$49,766
99$394,771$0$0$0
100$178,292$0$0$0