Can I retire at age 53 with 757,000?

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 $757,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$62,512$61,956$61,412$60,882$60,364$59,218
2 years$30,947$30,370$29,812$29,270$28,745$27,595
3 years$20,426$19,847$19,290$18,754$18,237$17,118
4 years$15,167$14,590$14,038$13,511$13,007$11,929
5 years$12,012$11,439$10,894$10,378$9,888$8,853
6 years$9,910$9,341$8,804$8,299$7,824$6,834
7 years$8,409$7,844$7,316$6,823$6,363$5,417
8 years$7,283$6,724$6,205$5,724$5,278$4,378
9 years$6,408$5,854$5,344$4,875$4,445$3,589
10 years$5,709$5,160$4,659$4,203$3,788$2,974
11 years$5,137$4,594$4,102$3,658$3,257$2,486
12 years$4,661$4,123$3,640$3,208$2,823$2,093
13 years$4,258$3,726$3,252$2,832$2,462$1,772
14 years$3,913$3,387$2,922$2,514$2,158$1,507
15 years$3,615$3,094$2,638$2,242$1,900$1,286
16 years$3,354$2,839$2,392$2,008$1,679$1,101
17 years$3,124$2,614$2,177$1,804$1,489$946
18 years$2,919$2,416$1,987$1,626$1,324$814
19 years$2,737$2,239$1,819$1,469$1,180$702
20 years$2,573$2,081$1,669$1,330$1,054$606
21 years$2,425$1,938$1,536$1,207$943$524
22 years$2,290$1,809$1,415$1,098$845$454
23 years$2,167$1,692$1,307$1,000$759$393
24 years$2,055$1,585$1,209$912$682$341
25 years$1,952$1,488$1,119$833$614$296
26 years$1,857$1,398$1,038$761$553$257
27 years$1,769$1,316$964$697$498$224
28 years$1,687$1,240$896$639$450$195
29 years$1,611$1,170$834$586$406$169
30 years$1,541$1,105$777$537$367$147
31 years$1,475$1,044$724$494$332$128
32 years$1,413$988$676$454$300$112
33 years$1,356$936$631$417$272$97
34 years$1,301$887$589$384$246$85
35 years$1,250$841$551$353$223$74
36 years$1,202$798$516$325$202$64
37 years$1,157$758$483$300$183$56
38 years$1,114$721$452$276$166$49
39 years$1,073$685$423$255$150$43
40 years$1,035$652$397$235$136$37
41 years$998$621$372$217$124$32
42 years$964$591$349$200$112$28
43 years$931$563$328$185$102$25
44 years$899$537$307$171$92$22
45 years$870$512$289$158$84$19
46 years$841$488$271$146$76$16
47 years$814$466$255$134$69$14
48 years$788$445$239$124$63$12
49 years$763$425$225$115$57$11
50 years$739$406$212$106$52$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $757,000, adding $5,761 every year, while hoping to spend $55,758 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: 47/48/5 Blend
52$757,000$757,000$757,000$757,000
53$840,156$800,035$788,302$878,285
54$866,526$779,911$755,384$884,883
55$893,717$756,932$719,495$885,678
56$921,754$730,899$680,475$885,216
57$950,662$701,602$638,160$883,395
58$980,468$668,819$592,377$880,110
59$1,011,198$632,314$542,944$875,246
60$1,042,880$591,837$489,673$868,681
61$1,075,543$547,127$432,366$860,290
62$1,109,216$497,903$370,818$849,935
63$1,143,929$443,873$304,813$837,473
64$1,179,712$384,725$234,126$822,751
65$1,216,596$320,130$158,523$805,610
66$1,254,614$249,742$77,758$785,878
67$1,293,798$173,193$0$763,374
68$1,334,182$90,096$0$738,357
69$1,375,801$43$0$714,631
70$1,418,689$0$0$687,845
71$1,462,883$0$0$709,232
72$1,508,417$0$0$731,290
73$1,555,331$0$0$754,014
74$1,603,661$0$0$777,422
75$1,653,445$0$0$801,532
76$1,704,723$0$0$826,364
77$1,757,535$0$0$851,934
78$1,811,919$0$0$878,264
79$1,867,917$0$0$905,371
80$1,925,569$0$0$933,275
81$1,984,915$0$0$961,995
82$2,045,998$0$0$991,551
83$2,108,858$0$0$1,021,962
84$2,173,535$0$0$1,053,247
85$2,240,072$0$0$1,085,424
86$2,308,507$0$0$1,118,513
87$2,378,881$0$0$1,152,533
88$2,451,233$0$0$1,187,500
89$2,525,600$0$0$1,223,431
90$2,602,020$0$0$1,260,345
91$2,680,527$0$0$1,298,255
92$2,761,154$0$0$1,337,177
93$2,843,932$0$0$1,377,124
94$2,928,890$0$0$1,418,108
95$3,016,052$0$0$1,460,138
96$3,105,440$0$0$1,503,222
97$3,197,071$0$0$1,547,367
98$3,290,956$0$0$1,592,576
99$3,387,103$0$0$1,638,848
100$3,485,511$0$0$1,686,180