Can I retire at age 53 with 761,000?

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 $761,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$62,843$62,283$61,737$61,204$60,683$59,702
2 years$31,110$30,531$29,969$29,425$28,897$27,911
3 years$20,534$19,952$19,392$18,853$18,333$17,374
4 years$15,247$14,667$14,112$13,582$13,075$12,150
5 years$12,076$11,499$10,952$10,433$9,940$9,050
6 years$9,962$9,390$8,851$8,343$7,865$7,012
7 years$8,453$7,886$7,355$6,859$6,396$5,581
8 years$7,322$6,759$6,238$5,754$5,306$4,528
9 years$6,442$5,885$5,372$4,901$4,469$3,727
10 years$5,739$5,188$4,684$4,225$3,808$3,102
11 years$5,164$4,618$4,124$3,677$3,275$2,605
12 years$4,686$4,145$3,660$3,225$2,838$2,203
13 years$4,281$3,746$3,270$2,847$2,475$1,873
14 years$3,934$3,405$2,938$2,528$2,169$1,601
15 years$3,634$3,110$2,652$2,254$1,910$1,373
16 years$3,372$2,854$2,405$2,018$1,688$1,182
17 years$3,140$2,628$2,188$1,813$1,497$1,020
18 years$2,935$2,429$1,998$1,634$1,331$882
19 years$2,751$2,251$1,829$1,477$1,186$764
20 years$2,586$2,092$1,678$1,337$1,060$664
21 years$2,437$1,948$1,544$1,214$948$577
22 years$2,302$1,819$1,423$1,104$850$502
23 years$2,179$1,701$1,314$1,005$763$438
24 years$2,066$1,594$1,215$917$686$382
25 years$1,962$1,496$1,125$837$617$333
26 years$1,866$1,406$1,044$765$556$291
27 years$1,778$1,323$969$701$501$255
28 years$1,696$1,246$901$642$452$223
29 years$1,620$1,176$838$589$408$195
30 years$1,549$1,111$781$540$369$171
31 years$1,483$1,050$728$496$334$149
32 years$1,421$993$679$456$302$131
33 years$1,363$941$634$419$273$115
34 years$1,308$892$593$386$247$101
35 years$1,257$846$554$355$224$88
36 years$1,209$803$518$327$203$77
37 years$1,163$762$485$301$184$68
38 years$1,120$724$454$278$167$59
39 years$1,079$689$426$256$151$52
40 years$1,040$655$399$236$137$46
41 years$1,004$624$374$218$124$40
42 years$969$594$351$201$113$35
43 years$936$566$329$186$102$31
44 years$904$540$309$171$93$27
45 years$874$515$290$158$84$24
46 years$845$491$273$146$77$21
47 years$818$468$256$135$70$18
48 years$792$447$241$125$63$16
49 years$767$427$226$115$57$14
50 years$743$408$213$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $761,000, adding $2,847 every year, while hoping to spend $29,590 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: 51/19/30 Blend
52$761,000$761,000$761,000$761,000
53$841,559$801,226$789,430$877,218
54$895,914$809,002$784,393$910,212
55$954,822$816,168$778,194$942,897
56$1,018,716$822,662$770,766$977,870
57$1,088,071$828,419$762,033$1,015,365
58$1,163,413$833,370$751,919$1,055,637
59$1,245,316$837,440$740,344$1,098,971
60$1,334,416$840,552$727,223$1,145,681
61$1,431,409$842,622$712,468$1,196,116
62$1,537,063$843,561$695,986$1,250,661
63$1,652,223$843,275$677,681$1,309,742
64$1,777,819$841,664$657,452$1,373,829
65$1,914,872$838,622$635,193$1,443,445
66$2,064,511$834,036$610,793$1,519,165
67$2,227,973$827,786$584,137$1,601,626
68$2,406,624$819,745$555,103$1,691,534
69$2,601,967$809,780$523,567$1,789,665
70$2,815,656$797,747$489,394$1,896,882
71$3,049,512$783,496$452,448$2,014,134
72$3,305,541$766,866$412,584$2,142,473
73$3,585,952$747,688$369,651$2,283,060
74$3,893,177$725,783$323,492$2,437,177
75$4,229,895$700,960$273,943$2,606,240
76$4,599,056$673,019$220,832$2,791,816
77$5,003,909$641,747$163,979$2,995,632
78$5,448,034$606,918$103,198$3,219,596
79$5,935,371$568,295$38,294$3,465,817
80$6,470,264$525,626$0$3,736,621
81$7,057,494$478,645$0$4,044,492
82$7,702,331$427,071$0$4,396,077
83$8,410,578$370,606$0$4,782,307
84$9,188,628$308,937$0$5,206,714
85$10,043,524$241,732$0$5,673,188
86$10,983,026$168,639$0$6,186,020
87$12,015,682$89,289$0$6,749,939
88$13,150,909$3,292$0$7,370,161
89$14,399,082$0$0$8,052,432
90$15,771,632$0$0$8,821,858
91$17,281,154$0$0$9,668,913
92$18,941,523$0$0$10,600,705
93$20,768,026$0$0$11,625,825
94$22,777,509$0$0$12,753,739
95$24,988,530$0$0$13,994,875
96$27,421,538$0$0$15,360,725
97$30,099,064$0$0$16,863,950
98$33,045,935$0$0$18,518,502
99$36,289,505$0$0$20,339,753
100$39,859,914$0$0$22,344,641