Can I retire at age 53 with 769,000?

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 $769,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$63,503$62,938$62,386$61,847$61,321$59,382
2 years$31,437$30,852$30,284$29,734$29,201$27,264
3 years$20,750$20,162$19,596$19,051$18,526$16,654
4 years$15,407$14,821$14,261$13,725$13,213$11,419
5 years$12,203$11,620$11,067$10,542$10,044$8,333
6 years$10,067$9,489$8,944$8,431$7,948$6,321
7 years$8,542$7,969$7,432$6,931$6,464$4,921
8 years$7,399$6,830$6,303$5,815$5,362$3,903
9 years$6,510$5,947$5,429$4,953$4,516$3,138
10 years$5,800$5,242$4,733$4,269$3,848$2,550
11 years$5,219$4,667$4,167$3,716$3,309$2,088
12 years$4,735$4,189$3,698$3,259$2,868$1,721
13 years$4,326$3,785$3,304$2,877$2,501$1,426
14 years$3,975$3,441$2,969$2,554$2,192$1,186
15 years$3,672$3,143$2,680$2,278$1,930$990
16 years$3,407$2,884$2,430$2,040$1,706$829
17 years$3,173$2,656$2,211$1,832$1,512$695
18 years$2,966$2,454$2,019$1,651$1,345$585
19 years$2,780$2,274$1,848$1,492$1,199$492
20 years$2,614$2,114$1,696$1,351$1,071$415
21 years$2,463$1,969$1,560$1,227$958$350
22 years$2,326$1,838$1,438$1,115$859$296
23 years$2,202$1,719$1,327$1,016$771$250
24 years$2,087$1,610$1,228$926$693$211
25 years$1,983$1,511$1,137$846$624$179
26 years$1,886$1,420$1,055$774$562$152
27 years$1,797$1,337$979$708$506$128
28 years$1,714$1,260$910$649$457$109
29 years$1,637$1,188$847$595$413$92
30 years$1,565$1,122$789$546$373$78
31 years$1,498$1,061$736$501$337$66
32 years$1,436$1,004$686$461$305$56
33 years$1,377$951$641$424$276$48
34 years$1,322$901$599$390$250$40
35 years$1,270$855$560$359$226$34
36 years$1,221$811$524$331$205$29
37 years$1,175$770$490$305$186$25
38 years$1,132$732$459$281$168$21
39 years$1,090$696$430$259$153$18
40 years$1,051$662$403$239$139$15
41 years$1,014$630$378$220$126$13
42 years$979$600$355$203$114$11
43 years$946$572$333$188$104$9
44 years$914$545$312$173$94$8
45 years$883$520$293$160$85$7
46 years$854$496$275$148$77$6
47 years$827$473$259$137$70$5
48 years$800$452$243$126$64$4
49 years$775$432$229$117$58$3
50 years$751$412$215$108$53$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $769,000, adding $5,196 every year, while hoping to spend $54,915 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: 65/9/26 Blend
52$769,000$769,000$769,000$769,000
53$852,798$812,041$800,121$902,099
54$881,354$793,402$768,496$917,362
55$910,982$772,009$733,971$927,434
56$941,734$747,669$696,391$937,216
57$973,665$720,178$655,594$946,686
58$1,006,832$689,320$611,410$955,818
59$1,041,299$654,867$563,662$964,589
60$1,077,132$616,576$512,165$972,974
61$1,114,404$574,192$456,726$980,949
62$1,153,190$527,445$397,144$988,490
63$1,193,573$476,048$333,206$995,571
64$1,235,643$419,699$264,694$1,002,168
65$1,279,494$358,080$191,376$1,008,259
66$1,325,229$290,852$113,014$1,013,821
67$1,372,958$217,660$29,356$1,018,832
68$1,422,801$138,127$0$1,023,272
69$1,474,887$51,855$0$1,043,746
70$1,529,356$0$0$1,073,386
71$1,586,356$0$0$1,108,223
72$1,646,053$0$0$1,150,099
73$1,708,622$0$0$1,194,004
74$1,774,255$0$0$1,240,076
75$1,843,161$0$0$1,288,462
76$1,915,565$0$0$1,339,324
77$1,991,713$0$0$1,392,835
78$2,071,871$0$0$1,449,187
79$2,156,332$0$0$1,508,587
80$2,245,411$0$0$1,571,261
81$2,339,454$0$0$1,637,454
82$2,438,837$0$0$1,707,436
83$2,543,971$0$0$1,781,499
84$2,655,304$0$0$1,859,964
85$2,773,326$0$0$1,943,179
86$2,898,574$0$0$2,031,528
87$3,031,630$0$0$2,125,428
88$3,173,137$0$0$2,225,336
89$3,323,795$0$0$2,331,753
90$3,484,370$0$0$2,445,227
91$3,655,702$0$0$2,566,358
92$3,838,712$0$0$2,695,803
93$4,034,408$0$0$2,834,283
94$4,243,895$0$0$2,982,589
95$4,468,387$0$0$3,141,587
96$4,709,213$0$0$3,312,228
97$4,967,832$0$0$3,495,556
98$5,245,845$0$0$3,692,715
99$5,545,012$0$0$3,904,965
100$5,867,263$0$0$4,133,685