Can I retire at age 53 with 722,000?

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 $722,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$59,622$59,091$58,573$58,067$57,573$55,797
2 years$29,516$28,966$28,433$27,917$27,416$25,642
3 years$19,482$18,930$18,398$17,887$17,394$15,678
4 years$14,466$13,915$13,389$12,886$12,405$10,761
5 years$11,457$10,910$10,391$9,898$9,430$7,861
6 years$9,452$8,909$8,397$7,915$7,462$5,969
7 years$8,020$7,481$6,978$6,508$6,069$4,653
8 years$6,947$6,413$5,918$5,459$5,034$3,694
9 years$6,112$5,584$5,097$4,650$4,240$2,974
10 years$5,445$4,922$4,444$4,008$3,612$2,419
11 years$4,900$4,382$3,912$3,488$3,107$1,984
12 years$4,445$3,933$3,472$3,060$2,692$1,638
13 years$4,061$3,554$3,102$2,701$2,348$1,359
14 years$3,732$3,230$2,787$2,398$2,058$1,132
15 years$3,448$2,951$2,516$2,139$1,812$946
16 years$3,199$2,708$2,282$1,915$1,601$793
17 years$2,979$2,494$2,076$1,720$1,420$666
18 years$2,784$2,304$1,895$1,551$1,263$561
19 years$2,610$2,135$1,735$1,401$1,125$473
20 years$2,454$1,984$1,592$1,269$1,005$399
21 years$2,312$1,848$1,465$1,152$900$337
22 years$2,184$1,725$1,350$1,047$806$286
23 years$2,067$1,614$1,246$954$724$242
24 years$1,960$1,512$1,153$870$651$205
25 years$1,861$1,419$1,068$794$585$174
26 years$1,771$1,334$990$726$527$147
27 years$1,687$1,255$919$665$475$125
28 years$1,609$1,183$855$609$429$106
29 years$1,537$1,116$795$559$387$90
30 years$1,470$1,054$741$513$350$76
31 years$1,407$996$691$471$316$65
32 years$1,348$942$644$433$286$55
33 years$1,293$892$602$398$259$47
34 years$1,241$846$562$366$235$40
35 years$1,193$802$526$337$212$34
36 years$1,147$761$492$310$192$29
37 years$1,103$723$460$286$174$24
38 years$1,062$687$431$264$158$21
39 years$1,024$654$404$243$143$18
40 years$987$622$378$224$130$15
41 years$952$592$355$207$118$13
42 years$919$564$333$191$107$11
43 years$888$537$312$176$97$9
44 years$858$512$293$163$88$8
45 years$829$488$275$150$80$7
46 years$802$466$259$139$73$6
47 years$776$444$243$128$66$5
48 years$751$424$228$118$60$4
49 years$728$405$215$109$54$3
50 years$705$387$202$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $722,000, adding $4,841 every year, while hoping to spend $51,476 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: 58/33/9 Blend
52$722,000$722,000$722,000$722,000
53$800,637$762,371$751,180$845,125
54$827,532$744,958$721,575$858,216
55$855,445$724,965$689,252$866,265
56$884,426$702,214$654,067$873,779
57$914,527$676,511$615,868$880,711
58$945,804$647,656$574,496$887,014
59$978,319$615,434$529,784$892,636
60$1,012,136$579,619$481,560$897,524
61$1,047,324$539,970$429,642$901,624
62$1,083,957$496,235$373,842$904,876
63$1,122,117$448,146$313,961$907,222
64$1,161,887$395,420$249,793$908,600
65$1,203,362$337,758$181,123$908,945
66$1,246,640$274,843$107,726$908,190
67$1,291,829$206,343$29,367$906,269
68$1,339,046$131,904$0$903,108
69$1,388,416$51,154$0$903,848
70$1,440,074$0$0$906,552
71$1,494,167$0$0$921,528
72$1,550,855$0$0$956,706
73$1,610,310$0$0$993,619
74$1,672,720$0$0$1,032,387
75$1,738,287$0$0$1,073,137
76$1,807,233$0$0$1,116,010
77$1,879,798$0$0$1,161,159
78$1,956,243$0$0$1,208,750
79$2,036,855$0$0$1,258,963
80$2,121,943$0$0$1,311,996
81$2,211,846$0$0$1,368,064
82$2,306,932$0$0$1,427,402
83$2,407,607$0$0$1,490,265
84$2,514,309$0$0$1,556,934
85$2,627,520$0$0$1,627,716
86$2,747,766$0$0$1,702,944
87$2,875,623$0$0$1,782,986
88$3,011,721$0$0$1,868,242
89$3,156,748$0$0$1,959,150
90$3,311,459$0$0$2,056,192
91$3,476,682$0$0$2,159,895
92$3,653,323$0$0$2,270,835
93$3,842,374$0$0$2,389,646
94$4,044,926$0$0$2,517,022
95$4,262,172$0$0$2,653,725
96$4,495,425$0$0$2,800,591
97$4,746,123$0$0$2,958,536
98$5,015,845$0$0$3,128,569
99$5,306,325$0$0$3,311,796
100$5,619,469$0$0$3,509,432