Can I retire at age 53 with 758,000?

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 $758,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$62,595$62,037$61,493$60,962$60,444$58,416
2 years$30,988$30,410$29,851$29,309$28,783$26,759
3 years$20,453$19,874$19,316$18,778$18,261$16,306
4 years$15,187$14,609$14,057$13,529$13,024$11,152
5 years$12,028$11,454$10,909$10,391$9,901$8,117
6 years$9,923$9,353$8,816$8,310$7,834$6,140
7 years$8,420$7,855$7,326$6,832$6,371$4,767
8 years$7,293$6,733$6,213$5,731$5,285$3,769
9 years$6,417$5,862$5,351$4,882$4,451$3,022
10 years$5,717$5,167$4,665$4,208$3,793$2,447
11 years$5,144$4,600$4,107$3,662$3,262$1,998
12 years$4,667$4,129$3,645$3,212$2,827$1,641
13 years$4,264$3,731$3,257$2,836$2,465$1,355
14 years$3,919$3,392$2,926$2,518$2,161$1,124
15 years$3,620$3,098$2,642$2,245$1,902$935
16 years$3,358$2,843$2,395$2,010$1,681$779
17 years$3,128$2,618$2,180$1,806$1,491$652
18 years$2,923$2,419$1,990$1,628$1,326$546
19 years$2,741$2,242$1,821$1,471$1,181$458
20 years$2,576$2,083$1,672$1,332$1,055$384
21 years$2,428$1,941$1,538$1,209$944$323
22 years$2,293$1,811$1,417$1,099$847$272
23 years$2,170$1,694$1,308$1,001$760$229
24 years$2,058$1,587$1,210$913$683$193
25 years$1,954$1,490$1,121$834$615$163
26 years$1,859$1,400$1,040$762$554$137
27 years$1,771$1,318$965$698$499$116
28 years$1,689$1,242$897$639$450$98
29 years$1,614$1,171$835$586$407$82
30 years$1,543$1,106$778$538$367$70
31 years$1,477$1,046$725$494$332$59
32 years$1,415$989$677$454$301$50
33 years$1,357$937$632$418$272$42
34 years$1,303$888$590$384$246$35
35 years$1,252$842$552$354$223$30
36 years$1,204$799$516$326$202$25
37 years$1,158$759$483$300$183$21
38 years$1,115$722$452$277$166$18
39 years$1,075$686$424$255$151$15
40 years$1,036$653$397$235$137$13
41 years$1,000$621$373$217$124$11
42 years$965$592$349$200$112$9
43 years$932$564$328$185$102$8
44 years$901$538$308$171$93$7
45 years$871$513$289$158$84$6
46 years$842$489$271$146$76$5
47 years$815$467$255$135$69$4
48 years$789$445$240$124$63$3
49 years$764$425$225$115$57$3
50 years$740$406$212$106$52$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $758,000, adding $4,773 every year, while hoping to spend $59,335 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: 58/14/28 Blend
52$758,000$758,000$758,000$758,000
53$840,239$800,065$788,316$882,297
54$862,812$776,137$751,593$887,714
55$885,698$749,047$711,651$886,955
56$908,867$718,578$668,319$884,905
57$932,284$684,500$621,420$881,455
58$955,906$646,571$570,767$876,490
59$979,687$604,531$516,166$869,885
60$1,003,571$558,109$457,414$861,506
61$1,027,496$507,017$394,298$851,211
62$1,051,390$450,950$326,596$838,844
63$1,075,173$389,588$254,078$824,241
64$1,098,753$322,590$176,502$807,222
65$1,122,026$249,597$93,615$787,596
66$1,144,876$170,231$5,155$765,157
67$1,167,172$84,090$0$739,683
68$1,188,765$0$0$737,599
69$1,209,491$0$0$736,784
70$1,229,164$0$0$748,215
71$1,247,578$0$0$758,806
72$1,264,500$0$0$768,406
73$1,279,673$0$0$776,850
74$1,292,809$0$0$783,952
75$1,303,587$0$0$789,507
76$1,311,650$0$0$793,284
77$1,316,601$0$0$795,029
78$1,317,998$0$0$794,458
79$1,315,352$0$0$791,256
80$1,308,118$0$0$785,074
81$1,295,692$0$0$775,524
82$1,277,404$0$0$762,178
83$1,252,512$0$0$744,557
84$1,220,192$0$0$722,136
85$1,179,533$0$0$694,329
86$1,129,525$0$0$660,489
87$1,069,052$0$0$619,901
88$996,877$0$0$571,773
89$911,631$0$0$515,227
90$811,802$0$0$449,296
91$695,717$0$0$372,907
92$561,526$0$0$284,877
93$407,185$0$0$183,896
94$230,435$0$0$68,520
95$28,781$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0