Can I retire at age 53 with 721,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.3%
1 years$59,540$59,009$58,492$57,987$57,494$56,705
2 years$29,475$28,926$28,394$27,878$27,378$26,584
3 years$19,455$18,903$18,373$17,862$17,370$16,596
4 years$14,446$13,896$13,371$12,868$12,388$11,641
5 years$11,441$10,895$10,376$9,884$9,417$8,698
6 years$9,439$8,896$8,386$7,904$7,452$6,762
7 years$8,009$7,471$6,968$6,499$6,060$5,400
8 years$6,937$6,404$5,910$5,452$5,027$4,396
9 years$6,104$5,576$5,090$4,644$4,234$3,632
10 years$5,438$4,915$4,438$4,003$3,607$3,034
11 years$4,893$4,375$3,907$3,484$3,103$2,557
12 years$4,439$3,927$3,467$3,056$2,689$2,170
13 years$4,056$3,549$3,098$2,698$2,345$1,853
14 years$3,727$3,226$2,783$2,395$2,055$1,590
15 years$3,443$2,947$2,513$2,136$1,810$1,369
16 years$3,194$2,704$2,278$1,912$1,599$1,183
17 years$2,975$2,490$2,073$1,718$1,418$1,025
18 years$2,781$2,301$1,893$1,548$1,261$891
19 years$2,607$2,133$1,733$1,399$1,124$776
20 years$2,450$1,982$1,590$1,267$1,004$676
21 years$2,309$1,846$1,463$1,150$898$591
22 years$2,181$1,723$1,348$1,046$805$517
23 years$2,064$1,611$1,245$952$723$452
24 years$1,957$1,510$1,151$869$650$396
25 years$1,859$1,417$1,066$793$585$348
26 years$1,768$1,332$989$725$527$305
27 years$1,685$1,253$918$664$475$268
28 years$1,607$1,181$854$608$428$236
29 years$1,535$1,114$794$558$387$207
30 years$1,468$1,052$740$512$350$182
31 years$1,405$995$690$470$316$161
32 years$1,346$941$644$432$286$141
33 years$1,291$891$601$397$259$124
34 years$1,240$845$561$366$234$110
35 years$1,191$801$525$337$212$97
36 years$1,145$760$491$310$192$85
37 years$1,102$722$460$286$174$75
38 years$1,061$686$430$263$158$66
39 years$1,022$653$403$243$143$58
40 years$986$621$378$224$130$51
41 years$951$591$354$207$118$45
42 years$918$563$332$191$107$40
43 years$887$536$312$176$97$35
44 years$857$511$293$162$88$31
45 years$828$488$275$150$80$27
46 years$801$465$258$139$73$24
47 years$775$444$243$128$66$21
48 years$750$424$228$118$60$19
49 years$727$405$214$109$54$17
50 years$704$387$201$101$49$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $721,000, adding $5,354 every year, while hoping to spend $21,914 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: 66/16/18 Blend
52$721,000$721,000$721,000$721,000
53$800,065$761,852$750,676$848,972
54$858,355$775,866$752,507$896,402
55$921,856$789,833$753,666$945,207
56$991,077$803,726$754,105$998,028
57$1,066,577$817,519$753,778$1,055,258
58$1,148,972$831,181$752,633$1,117,331
59$1,238,940$844,682$750,619$1,184,726
60$1,337,227$857,986$747,680$1,257,967
61$1,444,654$871,058$743,757$1,337,637
62$1,562,127$883,857$738,791$1,424,376
63$1,690,640$896,343$732,717$1,518,888
64$1,831,291$908,469$725,468$1,621,952
65$1,985,286$920,188$716,975$1,734,424
66$2,153,956$931,448$707,165$1,857,250
67$2,338,765$942,194$695,960$1,991,471
68$2,541,325$952,368$683,281$2,138,235
69$2,763,413$961,906$669,043$2,298,808
70$3,006,984$970,742$653,159$2,474,585
71$3,274,192$978,805$635,536$2,667,104
72$3,567,412$986,018$616,079$2,878,061
73$3,889,256$992,302$594,686$3,109,324
74$4,242,605$997,569$571,252$3,362,953
75$4,630,629$1,001,728$545,668$3,641,221
76$5,056,824$1,004,683$517,818$3,946,630
77$5,525,037$1,006,329$487,581$4,281,940
78$6,039,508$1,006,558$454,833$4,650,193
79$6,604,910$1,005,251$419,442$5,054,744
80$7,226,388$1,002,286$381,271$5,499,288
81$7,909,612$997,530$340,176$5,987,901
82$8,660,828$990,844$296,007$6,525,074
83$9,486,917$982,080$248,608$7,115,759
84$10,395,462$971,082$197,816$7,765,414
85$11,394,817$957,682$143,460$8,480,055
86$12,494,185$941,705$85,363$9,266,313
87$13,703,706$922,964$23,337$10,131,499
88$15,034,555$901,260$0$11,083,670
89$16,499,043$876,384$0$12,139,938
90$18,110,733$848,115$0$13,307,180
91$19,884,573$816,218$0$14,591,741
92$21,837,031$780,444$0$16,005,555
93$23,986,252$740,530$0$17,561,778
94$26,352,232$696,198$0$19,274,904
95$28,957,003$647,155$0$21,160,908
96$31,824,841$593,089$0$23,237,395
97$34,982,497$533,672$0$25,523,765
98$38,459,446$468,557$0$28,041,398
99$42,288,169$397,376$0$30,813,857
100$46,504,456$319,741$0$33,867,106