Can I retire at age 53 with 759,000?

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 $759,000?

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$62,678$62,119$61,575$61,043$60,524$60,017
2 years$31,028$30,451$29,891$29,348$28,821$28,310
3 years$20,480$19,900$19,341$18,803$18,285$17,786
4 years$15,207$14,628$14,075$13,547$13,041$12,558
5 years$12,044$11,469$10,923$10,405$9,914$9,447
6 years$9,936$9,365$8,827$8,321$7,844$7,396
7 years$8,431$7,865$7,336$6,841$6,380$5,949
8 years$7,303$6,742$6,221$5,739$5,292$4,880
9 years$6,425$5,870$5,358$4,888$4,457$4,062
10 years$5,724$5,174$4,672$4,214$3,798$3,420
11 years$5,151$4,606$4,113$3,667$3,266$2,906
12 years$4,673$4,134$3,650$3,217$2,830$2,487
13 years$4,269$3,736$3,261$2,840$2,468$2,141
14 years$3,924$3,396$2,930$2,521$2,163$1,853
15 years$3,624$3,102$2,645$2,248$1,905$1,610
16 years$3,363$2,846$2,398$2,013$1,684$1,404
17 years$3,132$2,621$2,182$1,809$1,493$1,228
18 years$2,927$2,422$1,992$1,630$1,327$1,077
19 years$2,744$2,245$1,824$1,473$1,183$946
20 years$2,580$2,086$1,674$1,334$1,057$833
21 years$2,431$1,943$1,540$1,211$946$735
22 years$2,296$1,814$1,419$1,101$848$649
23 years$2,173$1,696$1,310$1,002$761$574
24 years$2,060$1,589$1,212$914$684$508
25 years$1,957$1,492$1,122$835$615$450
26 years$1,861$1,402$1,041$763$554$399
27 years$1,773$1,319$967$699$500$354
28 years$1,692$1,243$899$640$451$315
29 years$1,616$1,173$836$587$407$280
30 years$1,545$1,108$779$539$368$249
31 years$1,479$1,047$726$495$333$221
32 years$1,417$991$677$455$301$197
33 years$1,359$938$633$418$272$175
34 years$1,305$889$591$385$247$156
35 years$1,254$843$553$354$223$139
36 years$1,205$801$517$326$202$124
37 years$1,160$760$484$301$183$110
38 years$1,117$723$453$277$166$98
39 years$1,076$687$424$255$151$88
40 years$1,038$654$398$236$137$78
41 years$1,001$622$373$217$124$70
42 years$966$593$350$201$113$62
43 years$933$565$328$185$102$56
44 years$902$538$308$171$93$50
45 years$872$513$289$158$84$44
46 years$843$490$272$146$76$39
47 years$816$467$255$135$69$35
48 years$790$446$240$125$63$31
49 years$765$426$226$115$57$28
50 years$741$407$212$106$52$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $759,000, adding $5,233 every year, while hoping to spend $40,129 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: 51/31/18 Blend
52$759,000$759,000$759,000$759,000
53$841,816$801,589$789,824$880,322
54$884,984$798,170$773,587$903,973
55$931,211$793,238$755,460$925,076
56$980,765$786,678$735,338$947,151
57$1,033,943$778,365$713,112$970,305
58$1,091,068$768,168$688,665$994,655
59$1,152,498$755,949$661,876$1,020,335
60$1,218,624$741,561$632,620$1,047,492
61$1,289,874$724,848$600,763$1,076,294
62$1,366,721$705,645$566,168$1,106,925
63$1,449,682$683,778$528,690$1,139,594
64$1,539,327$659,061$488,179$1,174,533
65$1,636,282$631,298$444,477$1,212,000
66$1,741,235$600,284$397,419$1,252,284
67$1,854,941$565,798$346,833$1,295,707
68$1,978,233$527,610$292,540$1,342,629
69$2,112,024$485,475$234,351$1,393,447
70$2,257,321$439,133$172,072$1,448,608
71$2,415,228$388,311$105,497$1,508,605
72$2,586,964$332,721$34,413$1,573,990
73$2,773,866$272,056$0$1,645,373
74$2,977,407$205,993$0$1,731,395
75$3,199,209$134,193$0$1,832,421
76$3,441,055$56,295$0$1,942,721
77$3,704,908$0$0$2,063,273
78$3,992,930$0$0$2,204,741
79$4,307,498$0$0$2,380,295
80$4,651,233$0$0$2,572,202
81$5,027,015$0$0$2,782,080
82$5,438,021$0$0$3,011,712
83$5,887,744$0$0$3,263,061
84$6,380,032$0$0$3,538,289
85$6,919,124$0$0$3,839,776
86$7,509,685$0$0$4,170,143
87$8,156,855$0$0$4,532,276
88$8,866,294$0$0$4,929,355
89$9,644,234$0$0$5,364,883
90$10,497,543$0$0$5,842,715
91$11,433,781$0$0$6,367,100
92$12,461,278$0$0$6,942,719
93$13,589,210$0$0$7,574,725
94$14,827,682$0$0$8,268,796
95$16,187,829$0$0$9,031,189
96$17,681,913$0$0$9,868,793
97$19,323,446$0$0$10,789,201
98$21,127,312$0$0$11,800,774
99$23,109,908$0$0$12,912,727
100$25,289,298$0$0$14,135,210