Can I retire at age 53 with 723,000?

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 $723,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$59,705$59,173$58,654$58,148$57,653$56,282
2 years$29,557$29,006$28,473$27,956$27,454$26,081
3 years$19,509$18,956$18,424$17,911$17,418$16,085
4 years$14,486$13,935$13,408$12,904$12,423$11,141
5 years$11,473$10,925$10,405$9,912$9,443$8,216
6 years$9,465$8,921$8,409$7,926$7,472$6,301
7 years$8,031$7,492$6,988$6,517$6,077$4,962
8 years$6,956$6,422$5,926$5,467$5,041$3,982
9 years$6,121$5,591$5,104$4,656$4,246$3,240
10 years$5,453$4,929$4,450$4,014$3,617$2,666
11 years$4,906$4,388$3,918$3,493$3,111$2,212
12 years$4,452$3,938$3,477$3,064$2,696$1,847
13 years$4,067$3,559$3,106$2,705$2,351$1,551
14 years$3,738$3,235$2,791$2,401$2,061$1,308
15 years$3,452$2,955$2,520$2,142$1,815$1,108
16 years$3,203$2,711$2,285$1,918$1,604$940
17 years$2,983$2,497$2,079$1,723$1,422$801
18 years$2,788$2,307$1,898$1,553$1,264$683
19 years$2,614$2,138$1,737$1,403$1,127$584
20 years$2,457$1,987$1,594$1,271$1,007$500
21 years$2,316$1,851$1,467$1,153$901$428
22 years$2,187$1,728$1,352$1,049$807$367
23 years$2,070$1,616$1,248$955$725$315
24 years$1,963$1,514$1,154$871$651$271
25 years$1,864$1,421$1,069$795$586$233
26 years$1,773$1,335$992$727$528$201
27 years$1,689$1,257$921$666$476$173
28 years$1,611$1,184$856$610$430$149
29 years$1,539$1,117$796$559$388$128
30 years$1,472$1,055$742$513$350$110
31 years$1,409$997$692$471$317$95
32 years$1,350$944$645$433$287$82
33 years$1,295$894$603$398$259$71
34 years$1,243$847$563$367$235$61
35 years$1,194$803$526$337$213$53
36 years$1,148$763$492$311$193$45
37 years$1,105$724$461$286$175$39
38 years$1,064$688$432$264$158$34
39 years$1,025$655$404$243$144$29
40 years$988$623$379$224$130$25
41 years$954$593$355$207$118$22
42 years$920$565$333$191$107$19
43 years$889$538$313$176$97$16
44 years$859$513$294$163$88$14
45 years$830$489$276$150$80$12
46 years$803$466$259$139$73$10
47 years$777$445$243$128$66$9
48 years$752$425$229$119$60$8
49 years$729$406$215$110$55$7
50 years$706$388$202$101$50$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $723,000, adding $5,218 every year, while hoping to spend $45,537 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: 57/33/10 Blend
52$723,000$723,000$723,000$723,000
53$802,128$763,809$752,603$845,620
54$835,494$752,785$729,364$864,542
55$870,738$739,694$703,821$879,626
56$908,001$724,388$675,847$894,966
57$947,442$706,707$645,313$910,590
58$989,231$686,486$612,080$926,534
59$1,033,554$663,545$576,007$942,840
60$1,080,616$637,699$536,942$959,556
61$1,130,640$608,747$494,731$976,736
62$1,183,871$576,481$449,210$994,445
63$1,240,575$540,677$400,207$1,012,756
64$1,301,045$501,102$347,546$1,031,754
65$1,365,601$457,506$291,039$1,051,535
66$1,434,596$409,627$230,492$1,072,208
67$1,508,414$357,188$165,702$1,093,900
68$1,587,477$299,895$96,459$1,116,750
69$1,672,249$237,439$22,539$1,140,922
70$1,763,237$169,493$0$1,166,596
71$1,861,000$95,710$0$1,199,991
72$1,966,148$15,726$0$1,238,285
73$2,079,354$0$0$1,279,357
74$2,201,356$0$0$1,349,258
75$2,332,964$0$0$1,430,871
76$2,475,069$0$0$1,519,044
77$2,628,649$0$0$1,614,391
78$2,794,779$0$0$1,717,586
79$2,974,642$0$0$1,829,370
80$3,169,537$0$0$1,950,560
81$3,380,894$0$0$2,082,050
82$3,610,282$0$0$2,224,827
83$3,859,431$0$0$2,379,975
84$4,130,242$0$0$2,548,687
85$4,424,805$0$0$2,732,275
86$4,745,423$0$0$2,932,183
87$5,094,626$0$0$3,150,000
88$5,475,200$0$0$3,387,475
89$5,890,212$0$0$3,646,531
90$6,343,036$0$0$3,929,288
91$6,837,387$0$0$4,238,076
92$7,377,354$0$0$4,575,463
93$7,967,438$0$0$4,944,274
94$8,612,594$0$0$5,347,620
95$9,318,280$0$0$5,788,927
96$10,090,502$0$0$6,271,967
97$10,935,876$0$0$6,800,892
98$11,861,687$0$0$7,380,278
99$12,875,957$0$0$8,015,160
100$13,987,520$0$0$8,711,086