Can I retire at age 53 with 762,000?

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 $762,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$62,925$62,365$61,818$61,284$60,763$59,536
2 years$31,151$30,571$30,009$29,464$28,935$27,704
3 years$20,561$19,978$19,418$18,878$18,357$17,161
4 years$15,267$14,686$14,131$13,600$13,093$11,940
5 years$12,092$11,514$10,966$10,446$9,953$8,848
6 years$9,975$9,402$8,862$8,354$7,875$6,818
7 years$8,464$7,896$7,365$6,868$6,405$5,396
8 years$7,331$6,768$6,246$5,762$5,313$4,353
9 years$6,451$5,893$5,380$4,908$4,475$3,562
10 years$5,747$5,194$4,690$4,230$3,813$2,947
11 years$5,171$4,624$4,129$3,682$3,279$2,459
12 years$4,692$4,151$3,664$3,229$2,841$2,066
13 years$4,286$3,751$3,274$2,851$2,478$1,745
14 years$3,939$3,409$2,942$2,531$2,172$1,481
15 years$3,639$3,115$2,656$2,257$1,912$1,262
16 years$3,376$2,858$2,408$2,021$1,690$1,078
17 years$3,144$2,632$2,191$1,816$1,499$924
18 years$2,939$2,432$2,000$1,636$1,333$793
19 years$2,755$2,254$1,831$1,479$1,188$682
20 years$2,590$2,094$1,680$1,339$1,061$588
21 years$2,441$1,951$1,546$1,215$949$507
22 years$2,305$1,821$1,425$1,105$851$438
23 years$2,181$1,703$1,315$1,006$764$379
24 years$2,068$1,596$1,217$918$687$328
25 years$1,965$1,497$1,127$838$618$284
26 years$1,869$1,407$1,045$766$557$246
27 years$1,780$1,325$970$702$502$214
28 years$1,698$1,248$902$643$453$185
29 years$1,622$1,177$839$589$409$161
30 years$1,551$1,112$782$541$369$140
31 years$1,485$1,051$729$497$334$121
32 years$1,423$995$680$457$302$105
33 years$1,365$942$635$420$273$92
34 years$1,310$893$593$386$248$80
35 years$1,259$847$555$356$224$69
36 years$1,210$804$519$328$203$60
37 years$1,165$763$486$302$184$52
38 years$1,121$725$455$278$167$46
39 years$1,080$690$426$256$151$40
40 years$1,042$656$399$237$137$34
41 years$1,005$625$375$218$125$30
42 years$970$595$351$201$113$26
43 years$937$567$330$186$103$23
44 years$905$540$309$172$93$20
45 years$875$515$291$159$85$17
46 years$847$492$273$146$77$15
47 years$819$469$256$135$70$13
48 years$793$448$241$125$63$11
49 years$768$428$226$116$57$10
50 years$744$409$213$107$52$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $762,000, adding $3,603 every year, while hoping to spend $21,003 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: 44/39/17 Blend
52$762,000$762,000$762,000$762,000
53$843,440$803,054$791,243$876,264
54$907,124$820,057$795,403$916,646
55$976,600$837,189$798,998$958,023
56$1,052,436$854,434$801,988$1,002,425
57$1,135,259$871,775$804,328$1,050,142
58$1,225,757$889,194$805,974$1,101,491
59$1,324,688$906,669$806,879$1,156,825
60$1,432,889$924,178$806,992$1,216,530
61$1,551,278$941,697$806,261$1,281,032
62$1,680,868$959,200$804,630$1,350,803
63$1,822,775$976,659$802,043$1,426,362
64$1,978,225$994,043$798,439$1,508,280
65$2,148,571$1,011,318$793,754$1,597,189
66$2,335,303$1,028,450$787,922$1,693,784
67$2,540,059$1,045,400$780,873$1,798,834
68$2,764,648$1,062,127$772,535$1,913,184
69$3,011,058$1,078,587$762,831$2,037,767
70$3,281,480$1,094,732$751,680$2,173,614
71$3,578,330$1,110,513$739,000$2,321,859
72$3,904,266$1,125,874$724,703$2,483,755
73$4,262,216$1,140,757$708,696$2,660,680
74$4,655,409$1,155,101$690,884$2,854,159
75$5,087,399$1,168,839$671,166$3,065,869
76$5,562,101$1,181,900$649,438$3,297,663
77$6,083,831$1,194,208$625,590$3,551,581
78$6,657,340$1,205,683$599,505$3,829,876
79$7,287,865$1,216,238$571,065$4,135,030
80$7,981,176$1,225,781$540,144$4,469,780
81$8,743,627$1,234,216$506,611$4,837,147
82$9,582,222$1,241,438$470,327$5,240,458
83$10,504,677$1,247,336$431,151$5,683,385
84$11,519,491$1,251,793$388,932$6,169,974
85$12,636,032$1,254,684$343,514$6,704,689
86$13,864,618$1,255,874$294,733$7,292,451
87$15,216,622$1,255,225$242,419$7,938,686
88$16,704,571$1,252,584$186,393$8,649,375
89$18,342,270$1,247,793$126,470$9,431,115
90$20,144,930$1,240,684$62,455$10,291,179
91$22,129,311$1,231,076$0$11,237,583
92$24,313,882$1,218,779$0$12,280,232
93$26,718,991$1,203,593$0$13,439,966
94$29,367,062$1,185,303$0$14,716,229
95$32,282,802$1,163,683$0$16,120,911
96$35,493,438$1,138,493$0$17,667,112
97$39,028,968$1,109,479$0$19,369,275
98$42,922,452$1,076,372$0$21,243,320
99$47,210,315$1,038,887$0$23,306,792
100$51,932,698$996,724$0$25,579,030