Can I retire at age 53 with 722,000?

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 $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%16.6%
1 years$59,622$59,091$58,573$58,067$57,573$56,022
2 years$29,516$28,966$28,433$27,917$27,416$25,864
3 years$19,482$18,930$18,398$17,887$17,394$15,890
4 years$14,466$13,915$13,389$12,886$12,405$10,962
5 years$11,457$10,910$10,391$9,898$9,430$8,050
6 years$9,452$8,909$8,397$7,915$7,462$6,147
7 years$8,020$7,481$6,978$6,508$6,069$4,818
8 years$6,947$6,413$5,918$5,459$5,034$3,848
9 years$6,112$5,584$5,097$4,650$4,240$3,117
10 years$5,445$4,922$4,444$4,008$3,612$2,551
11 years$4,900$4,382$3,912$3,488$3,107$2,106
12 years$4,445$3,933$3,472$3,060$2,692$1,750
13 years$4,061$3,554$3,102$2,701$2,348$1,461
14 years$3,732$3,230$2,787$2,398$2,058$1,226
15 years$3,448$2,951$2,516$2,139$1,812$1,032
16 years$3,199$2,708$2,282$1,915$1,601$871
17 years$2,979$2,494$2,076$1,720$1,420$737
18 years$2,784$2,304$1,895$1,551$1,263$625
19 years$2,610$2,135$1,735$1,401$1,125$531
20 years$2,454$1,984$1,592$1,269$1,005$452
21 years$2,312$1,848$1,465$1,152$900$385
22 years$2,184$1,725$1,350$1,047$806$328
23 years$2,067$1,614$1,246$954$724$280
24 years$1,960$1,512$1,153$870$651$239
25 years$1,861$1,419$1,068$794$585$204
26 years$1,771$1,334$990$726$527$175
27 years$1,687$1,255$919$665$475$149
28 years$1,609$1,183$855$609$429$128
29 years$1,537$1,116$795$559$387$109
30 years$1,470$1,054$741$513$350$94
31 years$1,407$996$691$471$316$80
32 years$1,348$942$644$433$286$69
33 years$1,293$892$602$398$259$59
34 years$1,241$846$562$366$235$50
35 years$1,193$802$526$337$212$43
36 years$1,147$761$492$310$192$37
37 years$1,103$723$460$286$174$32
38 years$1,062$687$431$264$158$27
39 years$1,024$654$404$243$143$23
40 years$987$622$378$224$130$20
41 years$952$592$355$207$118$17
42 years$919$564$333$191$107$15
43 years$888$537$312$176$97$13
44 years$858$512$293$163$88$11
45 years$829$488$275$150$80$9
46 years$802$466$259$139$73$8
47 years$776$444$243$128$66$7
48 years$751$424$228$118$60$6
49 years$728$405$215$109$54$5
50 years$705$387$202$101$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $722,000, adding $5,628 every year, while hoping to spend $21,893 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: 37/33/30 Blend
52$722,000$722,000$722,000$722,000
53$801,449$763,183$751,992$823,758
54$859,903$777,285$753,890$854,923
55$923,586$791,345$755,118$886,184
56$993,007$805,336$755,629$919,540
57$1,068,728$819,232$755,378$955,197
58$1,151,368$833,004$754,312$993,381
59$1,241,606$846,619$752,380$1,034,342
60$1,340,191$860,046$749,527$1,078,357
61$1,447,949$873,246$745,694$1,125,732
62$1,565,786$886,181$740,821$1,176,804
63$1,694,702$898,810$734,845$1,231,947
64$1,835,798$911,088$727,698$1,291,574
65$1,990,284$922,966$719,311$1,356,140
66$2,159,497$934,395$709,611$1,426,149
67$2,344,904$945,319$698,522$1,502,159
68$2,548,125$955,680$685,963$1,584,783
69$2,770,941$965,417$671,851$1,674,702
70$3,015,317$974,461$656,097$1,772,665
71$3,283,413$982,744$638,611$1,879,501
72$3,577,613$990,190$619,295$1,996,126
73$3,900,538$996,718$598,050$2,123,550
74$4,255,079$1,002,243$574,771$2,262,890
75$4,644,418$1,006,674$549,347$2,415,378
76$5,072,063$1,009,916$521,665$2,582,375
77$5,541,876$1,011,864$491,603$2,765,384
78$6,058,113$1,012,410$459,037$2,966,062
79$6,625,461$1,011,439$423,835$3,186,240
80$7,249,085$1,008,827$385,861$3,427,940
81$7,934,675$1,004,443$344,971$3,693,393
82$8,688,501$998,149$301,016$3,985,059
83$9,517,468$989,799$253,840$4,305,656
84$10,429,186$979,235$203,280$4,658,183
85$11,432,039$966,293$149,165$5,045,947
86$12,535,263$950,799$91,319$5,472,599
87$13,749,037$932,565$29,555$5,942,168
88$15,084,574$911,396$0$6,459,098
89$16,554,230$887,083$0$7,039,930
90$18,171,617$859,406$0$7,689,288
91$19,951,738$828,133$0$8,403,737
92$21,911,119$793,015$0$9,189,929
93$24,067,972$753,792$0$10,055,200
94$26,442,365$710,187$0$11,007,635
95$29,056,409$661,909$0$12,056,149
96$31,934,468$608,649$0$13,210,568
97$35,103,391$550,079$0$14,481,724
98$38,592,758$485,855$0$15,881,562
99$42,435,170$415,612$0$17,423,244
100$46,666,544$338,964$0$19,121,282