Can I retire at age 53 with 766,000?

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 $766,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$63,256$62,692$62,142$61,606$61,082$60,070
2 years$31,315$30,731$30,166$29,618$29,087$28,070
3 years$20,669$20,083$19,520$18,977$18,454$17,464
4 years$15,347$14,763$14,205$13,672$13,161$12,207
5 years$12,155$11,575$11,024$10,501$10,005$9,088
6 years$10,028$9,452$8,909$8,398$7,917$7,038
7 years$8,509$7,937$7,403$6,904$6,438$5,598
8 years$7,370$6,804$6,279$5,792$5,341$4,539
9 years$6,485$5,924$5,408$4,933$4,498$3,734
10 years$5,777$5,222$4,715$4,253$3,833$3,106
11 years$5,198$4,649$4,151$3,701$3,296$2,607
12 years$4,716$4,172$3,684$3,246$2,856$2,203
13 years$4,309$3,771$3,291$2,866$2,491$1,872
14 years$3,960$3,427$2,957$2,544$2,183$1,598
15 years$3,658$3,131$2,670$2,269$1,922$1,370
16 years$3,394$2,873$2,421$2,032$1,699$1,178
17 years$3,161$2,646$2,203$1,825$1,507$1,016
18 years$2,954$2,445$2,011$1,645$1,340$878
19 years$2,769$2,266$1,841$1,486$1,194$761
20 years$2,603$2,105$1,689$1,346$1,066$660
21 years$2,453$1,961$1,554$1,222$954$573
22 years$2,317$1,831$1,432$1,111$855$499
23 years$2,193$1,712$1,322$1,012$768$434
24 years$2,079$1,604$1,223$923$690$379
25 years$1,975$1,505$1,133$843$621$330
26 years$1,879$1,415$1,050$771$559$288
27 years$1,790$1,331$975$705$504$252
28 years$1,707$1,255$907$646$455$220
29 years$1,631$1,184$844$593$411$192
30 years$1,559$1,118$786$544$371$168
31 years$1,493$1,057$733$499$336$147
32 years$1,430$1,000$684$459$304$129
33 years$1,372$947$638$422$275$113
34 years$1,317$897$596$388$249$99
35 years$1,265$851$558$358$225$87
36 years$1,217$808$522$329$204$76
37 years$1,171$767$488$303$185$66
38 years$1,127$729$457$280$168$58
39 years$1,086$693$428$258$152$51
40 years$1,047$660$402$238$138$45
41 years$1,010$628$377$219$125$39
42 years$975$598$353$202$114$34
43 years$942$570$331$187$103$30
44 years$910$543$311$173$94$26
45 years$880$518$292$159$85$23
46 years$851$494$274$147$77$20
47 years$823$472$258$136$70$18
48 years$797$450$242$126$64$16
49 years$772$430$228$116$58$14
50 years$748$411$214$107$52$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $766,000, adding $3,227 every year, while hoping to spend $34,395 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: 57/20/23 Blend
52$766,000$766,000$766,000$766,000
53$847,461$806,863$794,990$890,325
54$897,306$809,803$785,026$922,903
55$951,082$811,734$773,575$954,453
56$1,009,154$812,572$760,552$988,100
57$1,071,924$812,223$745,866$1,024,057
58$1,139,830$810,593$729,423$1,062,557
59$1,213,359$807,577$711,124$1,103,859
60$1,293,040$803,067$690,866$1,148,251
61$1,379,461$796,948$668,541$1,196,050
62$1,473,265$789,097$644,035$1,247,607
63$1,575,159$779,384$617,232$1,303,314
64$1,685,922$767,671$588,006$1,363,599
65$1,806,411$753,812$556,229$1,428,941
66$1,937,569$737,652$521,767$1,499,867
67$2,080,432$719,028$484,477$1,576,960
68$2,236,142$697,767$444,213$1,660,867
69$2,405,954$673,684$400,820$1,752,300
70$2,591,252$646,585$354,138$1,852,050
71$2,793,558$616,265$303,999$1,960,990
72$3,014,545$582,506$250,228$2,080,084
73$3,256,058$545,078$192,640$2,210,399
74$3,520,127$503,739$131,045$2,353,115
75$3,808,988$458,230$65,243$2,509,533
76$4,125,102$408,280$0$2,681,093
77$4,471,178$353,602$0$2,870,609
78$4,850,202$293,892$0$3,095,780
79$5,265,460$228,830$0$3,342,577
80$5,720,571$158,077$0$3,613,201
81$6,219,521$81,275$0$3,910,080
82$6,766,701$0$0$4,235,892
83$7,366,946$0$0$4,594,022
84$8,025,583$0$0$5,006,684
85$8,748,477$0$0$5,459,676
86$9,542,092$0$0$5,957,056
87$10,413,545$0$0$6,503,294
88$11,370,679$0$0$7,103,315
89$12,422,131$0$0$7,762,544
90$13,577,419$0$0$8,486,957
91$14,847,024$0$0$9,283,138
92$16,242,498$0$0$10,158,340
93$17,776,564$0$0$11,120,555
94$19,463,241$0$0$12,178,588
95$21,317,973$0$0$13,342,137
96$23,357,776$0$0$14,621,890
97$25,601,399$0$0$16,029,622
98$28,069,496$0$0$17,578,306
99$30,784,827$0$0$19,282,236
100$33,772,468$0$0$21,157,162