Can I retire at age 53 with 764,000?

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 $764,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$63,090$62,528$61,980$61,445$60,922$60,086
2 years$31,233$30,651$30,087$29,541$29,011$28,170
3 years$20,615$20,031$19,469$18,927$18,406$17,586
4 years$15,307$14,725$14,168$13,636$13,127$12,335
5 years$12,123$11,544$10,995$10,474$9,979$9,217
6 years$10,001$9,427$8,886$8,376$7,896$7,165
7 years$8,486$7,917$7,384$6,886$6,422$5,722
8 years$7,351$6,786$6,262$5,777$5,327$4,659
9 years$6,468$5,908$5,394$4,920$4,486$3,848
10 years$5,762$5,208$4,702$4,242$3,823$3,215
11 years$5,185$4,636$4,140$3,691$3,288$2,710
12 years$4,704$4,161$3,674$3,238$2,849$2,300
13 years$4,298$3,761$3,282$2,859$2,484$1,964
14 years$3,950$3,418$2,949$2,537$2,178$1,685
15 years$3,648$3,123$2,663$2,263$1,917$1,451
16 years$3,385$2,865$2,414$2,026$1,695$1,254
17 years$3,153$2,639$2,197$1,821$1,503$1,087
18 years$2,946$2,438$2,005$1,641$1,336$944
19 years$2,762$2,260$1,836$1,483$1,191$822
20 years$2,597$2,100$1,685$1,343$1,064$717
21 years$2,447$1,956$1,550$1,219$952$626
22 years$2,311$1,826$1,428$1,108$853$547
23 years$2,187$1,708$1,319$1,009$766$479
24 years$2,074$1,600$1,220$920$688$420
25 years$1,970$1,501$1,130$840$619$369
26 years$1,874$1,411$1,048$769$558$324
27 years$1,785$1,328$973$703$503$284
28 years$1,703$1,251$904$644$454$250
29 years$1,626$1,181$842$591$410$220
30 years$1,555$1,115$784$542$370$193
31 years$1,489$1,054$731$498$335$170
32 years$1,427$997$682$458$303$150
33 years$1,368$944$637$421$274$132
34 years$1,313$895$595$387$248$116
35 years$1,262$849$556$357$225$102
36 years$1,213$806$520$328$204$90
37 years$1,168$765$487$303$185$80
38 years$1,124$727$456$279$167$70
39 years$1,083$692$427$257$152$62
40 years$1,045$658$400$237$138$54
41 years$1,008$626$376$219$125$48
42 years$973$597$352$202$113$42
43 years$939$568$331$186$103$37
44 years$908$542$310$172$93$33
45 years$878$517$291$159$85$29
46 years$849$493$274$147$77$26
47 years$821$470$257$136$70$23
48 years$795$449$242$125$63$20
49 years$770$429$227$116$58$18
50 years$746$410$213$107$52$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $764,000, adding $6,369 every year, while hoping to spend $31,010 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: 63/10/27 Blend
52$764,000$764,000$764,000$764,000
53$848,498$808,006$796,164$895,489
54$902,050$814,603$789,841$934,691
55$960,025$820,485$782,267$973,525
56$1,022,842$825,583$773,367$1,015,272
57$1,090,960$829,825$763,063$1,060,220
58$1,164,886$833,134$751,273$1,108,690
59$1,245,176$835,429$737,912$1,161,036
60$1,332,441$836,623$722,890$1,217,649
61$1,427,356$836,623$706,112$1,278,961
62$1,530,660$835,332$687,481$1,345,447
63$1,643,170$832,645$666,894$1,417,636
64$1,765,781$828,453$644,243$1,496,107
65$1,899,482$822,638$619,416$1,581,503
66$2,045,358$815,077$592,296$1,674,533
67$2,204,606$805,637$562,759$1,775,978
68$2,378,542$794,179$530,677$1,886,702
69$2,568,614$780,555$495,916$2,007,658
70$2,776,419$764,608$458,336$2,139,899
71$3,003,713$746,173$417,789$2,284,585
72$3,252,431$725,074$374,124$2,443,000
73$3,524,701$701,125$327,179$2,616,556
74$3,822,869$674,129$276,788$2,806,815
75$4,149,517$643,877$222,776$3,015,500
76$4,507,491$610,149$164,962$3,244,512
77$4,899,921$572,713$103,154$3,495,947
78$5,330,258$531,321$37,155$3,772,120
79$5,802,302$485,713$0$4,075,584
80$6,320,237$435,614$0$4,418,742
81$6,888,674$380,732$0$4,807,160
82$7,512,691$320,760$0$5,233,617
83$8,197,880$255,372$0$5,701,960
84$8,950,404$184,225$0$6,216,431
85$9,777,050$106,957$0$6,781,703
86$10,685,296$23,185$0$7,402,928
87$11,683,379$0$0$8,085,782
88$12,780,374$0$0$8,843,946
89$13,986,279$0$0$9,680,245
90$15,312,109$0$0$10,599,775
91$16,770,000$0$0$11,610,960
92$18,373,321$0$0$12,723,081
93$20,136,803$0$0$13,946,363
94$22,076,677$0$0$15,292,075
95$24,210,825$0$0$16,772,630
96$26,558,949$0$0$18,401,705
97$29,142,758$0$0$20,194,371
98$31,986,171$0$0$22,167,234
99$35,115,545$0$0$24,338,589
100$38,559,919$0$0$26,728,597