Can I retire at age 53 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$59,787$59,255$58,735$58,228$57,733$57,417
2 years$29,598$29,046$28,512$27,994$27,492$27,173
3 years$19,536$18,982$18,449$17,936$17,442$17,130
4 years$14,506$13,954$13,426$12,922$12,440$12,138
5 years$11,489$10,940$10,419$9,925$9,456$9,165
6 years$9,478$8,933$8,420$7,937$7,483$7,201
7 years$8,042$7,502$6,997$6,526$6,085$5,815
8 years$6,966$6,431$5,934$5,474$5,048$4,789
9 years$6,129$5,599$5,111$4,663$4,251$4,003
10 years$5,460$4,935$4,456$4,019$3,622$3,384
11 years$4,913$4,394$3,923$3,498$3,115$2,888
12 years$4,458$3,944$3,482$3,068$2,700$2,482
13 years$4,073$3,564$3,111$2,709$2,354$2,147
14 years$3,743$3,239$2,795$2,405$2,064$1,866
15 years$3,457$2,959$2,523$2,145$1,817$1,629
16 years$3,208$2,715$2,288$1,920$1,606$1,427
17 years$2,988$2,500$2,082$1,725$1,424$1,255
18 years$2,792$2,311$1,900$1,555$1,266$1,105
19 years$2,618$2,141$1,740$1,405$1,128$976
20 years$2,461$1,990$1,597$1,272$1,008$864
21 years$2,319$1,853$1,469$1,155$902$766
22 years$2,190$1,730$1,354$1,050$809$680
23 years$2,073$1,618$1,250$956$726$605
24 years$1,965$1,516$1,156$872$652$538
25 years$1,867$1,423$1,071$796$587$479
26 years$1,776$1,337$993$728$529$428
27 years$1,692$1,258$922$667$477$382
28 years$1,614$1,186$857$611$430$341
29 years$1,541$1,119$798$560$388$305
30 years$1,474$1,057$743$514$351$272
31 years$1,411$999$693$472$317$244
32 years$1,352$945$646$434$287$218
33 years$1,297$895$603$399$260$195
34 years$1,245$848$564$367$235$175
35 years$1,196$805$527$338$213$157
36 years$1,150$764$493$311$193$140
37 years$1,106$725$462$287$175$126
38 years$1,065$689$432$264$159$113
39 years$1,027$655$405$244$144$101
40 years$990$624$380$225$130$91
41 years$955$594$356$207$118$82
42 years$922$565$334$191$107$73
43 years$890$539$313$177$97$66
44 years$860$513$294$163$88$59
45 years$832$490$276$151$80$53
46 years$804$467$259$139$73$47
47 years$778$446$244$129$66$43
48 years$753$425$229$119$60$38
49 years$730$406$215$110$55$34
50 years$707$388$202$101$50$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $724,000, adding $5,564 every year, while hoping to spend $55,612 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: 63/20/17 Blend
52$724,000$724,000$724,000$724,000
53$803,587$765,215$753,993$850,456
54$826,382$743,540$720,081$860,953
55$849,639$718,939$683,169$865,601
56$873,345$691,210$643,098$869,354
57$897,486$660,139$599,702$872,129
58$922,043$625,499$552,806$873,835
59$946,996$587,053$502,229$874,375
60$972,316$544,546$447,781$873,643
61$997,975$497,711$389,264$871,529
62$1,023,935$446,265$326,471$867,911
63$1,050,154$389,910$259,185$862,659
64$1,076,584$328,330$187,182$855,635
65$1,103,168$261,190$110,225$846,687
66$1,129,841$188,139$28,068$835,653
67$1,156,531$108,804$0$822,361
68$1,183,154$22,792$0$817,435
69$1,209,615$0$0$815,997
70$1,235,808$0$0$828,257
71$1,261,610$0$0$845,235
72$1,286,887$0$0$861,818
73$1,311,484$0$0$877,899
74$1,335,230$0$0$893,358
75$1,357,933$0$0$908,060
76$1,379,376$0$0$921,854
77$1,399,319$0$0$934,572
78$1,417,493$0$0$946,026
79$1,433,596$0$0$956,007
80$1,447,295$0$0$964,280
81$1,458,217$0$0$970,586
82$1,465,947$0$0$974,636
83$1,470,023$0$0$976,108
84$1,469,933$0$0$974,645
85$1,465,108$0$0$969,850
86$1,454,916$0$0$961,284
87$1,438,656$0$0$948,458
88$1,415,551$0$0$930,831
89$1,384,739$0$0$907,804
90$1,345,265$0$0$878,711
91$1,296,073$0$0$842,818
92$1,235,990$0$0$799,311
93$1,163,723$0$0$747,286
94$1,077,836$0$0$685,749
95$976,745$0$0$613,595
96$858,695$0$0$529,605
97$721,747$0$0$432,431
98$563,757$0$0$320,582
99$382,357$0$0$192,413
100$174,929$0$0$46,103