Can I retire at age 53 with 721,000?

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 $721,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$59,540$59,009$58,492$57,987$57,494$56,149
2 years$29,475$28,926$28,394$27,878$27,378$26,031
3 years$19,455$18,903$18,373$17,862$17,370$16,063
4 years$14,446$13,896$13,371$12,868$12,388$11,131
5 years$11,441$10,895$10,376$9,884$9,417$8,213
6 years$9,439$8,896$8,386$7,904$7,452$6,302
7 years$8,009$7,471$6,968$6,499$6,060$4,965
8 years$6,937$6,404$5,910$5,452$5,027$3,987
9 years$6,104$5,576$5,090$4,644$4,234$3,247
10 years$5,438$4,915$4,438$4,003$3,607$2,672
11 years$4,893$4,375$3,907$3,484$3,103$2,219
12 years$4,439$3,927$3,467$3,056$2,689$1,854
13 years$4,056$3,549$3,098$2,698$2,345$1,558
14 years$3,727$3,226$2,783$2,395$2,055$1,315
15 years$3,443$2,947$2,513$2,136$1,810$1,114
16 years$3,194$2,704$2,278$1,912$1,599$947
17 years$2,975$2,490$2,073$1,718$1,418$806
18 years$2,781$2,301$1,893$1,548$1,261$688
19 years$2,607$2,133$1,733$1,399$1,124$589
20 years$2,450$1,982$1,590$1,267$1,004$504
21 years$2,309$1,846$1,463$1,150$898$433
22 years$2,181$1,723$1,348$1,046$805$371
23 years$2,064$1,611$1,245$952$723$319
24 years$1,957$1,510$1,151$869$650$275
25 years$1,859$1,417$1,066$793$585$236
26 years$1,768$1,332$989$725$527$203
27 years$1,685$1,253$918$664$475$175
28 years$1,607$1,181$854$608$428$151
29 years$1,535$1,114$794$558$387$130
30 years$1,468$1,052$740$512$350$112
31 years$1,405$995$690$470$316$97
32 years$1,346$941$644$432$286$84
33 years$1,291$891$601$397$259$72
34 years$1,240$845$561$366$234$62
35 years$1,191$801$525$337$212$54
36 years$1,145$760$491$310$192$47
37 years$1,102$722$460$286$174$40
38 years$1,061$686$430$263$158$35
39 years$1,022$653$403$243$143$30
40 years$986$621$378$224$130$26
41 years$951$591$354$207$118$22
42 years$918$563$332$191$107$19
43 years$887$536$312$176$97$17
44 years$857$511$293$162$88$14
45 years$828$488$275$150$80$12
46 years$801$465$258$139$73$11
47 years$775$444$243$128$66$9
48 years$750$424$228$118$60$8
49 years$727$405$214$109$54$7
50 years$704$387$201$101$49$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $721,000, adding $5,360 every year, while hoping to spend $48,462 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: 49/30/21 Blend
52$721,000$721,000$721,000$721,000
53$800,071$761,858$750,682$834,307
54$830,115$747,626$724,267$844,412
55$861,599$731,072$695,343$850,043
56$894,619$712,032$663,774$855,150
57$929,280$690,330$629,419$859,704
58$965,692$665,783$592,131$863,676
59$1,003,981$638,194$551,755$867,037
60$1,044,278$607,356$508,130$869,760
61$1,086,728$573,051$461,086$871,817
62$1,131,491$535,047$410,449$873,183
63$1,178,738$493,099$356,034$873,834
64$1,228,657$446,948$297,649$873,747
65$1,281,453$396,321$235,093$872,906
66$1,337,349$340,929$168,156$871,293
67$1,396,590$280,466$96,621$868,898
68$1,459,443$214,610$20,259$865,713
69$1,526,199$143,019$0$861,738
70$1,597,179$65,334$0$870,698
71$1,672,730$0$0$884,621
72$1,753,236$0$0$905,259
73$1,839,115$0$0$950,326
74$1,930,825$0$0$998,501
75$2,028,870$0$0$1,050,054
76$2,133,800$0$0$1,105,281
77$2,246,220$0$0$1,164,507
78$2,366,791$0$0$1,228,088
79$2,496,242$0$0$1,296,416
80$2,635,370$0$0$1,369,920
81$2,785,051$0$0$1,449,071
82$2,946,247$0$0$1,534,387
83$3,120,014$0$0$1,626,438
84$3,307,513$0$0$1,725,847
85$3,510,018$0$0$1,833,301
86$3,728,931$0$0$1,949,555
87$3,965,791$0$0$2,075,439
88$4,222,291$0$0$2,211,865
89$4,500,291$0$0$2,359,835
90$4,801,839$0$0$2,520,452
91$5,129,183$0$0$2,694,929
92$5,484,800$0$0$2,884,601
93$5,871,411$0$0$3,090,935
94$6,292,012$0$0$3,315,547
95$6,749,899$0$0$3,560,213
96$7,248,697$0$0$3,826,890
97$7,792,398$0$0$4,117,728
98$8,385,392$0$0$4,435,098
99$9,032,514$0$0$4,781,606
100$9,739,085$0$0$5,160,124