Can I retire at age 53 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$59,870$59,337$58,816$58,308$57,813$55,872
2 years$29,639$29,087$28,552$28,033$27,530$25,594
3 years$19,563$19,008$18,475$17,961$17,466$15,596
4 years$14,526$13,973$13,445$12,940$12,457$10,667
5 years$11,504$10,955$10,434$9,939$9,470$7,764
6 years$9,491$8,946$8,432$7,948$7,493$5,873
7 years$8,053$7,513$7,007$6,535$6,094$4,559
8 years$6,975$6,440$5,943$5,482$5,055$3,605
9 years$6,138$5,607$5,118$4,669$4,257$2,890
10 years$5,468$4,942$4,462$4,025$3,627$2,341
11 years$4,920$4,400$3,929$3,503$3,120$1,911
12 years$4,464$3,949$3,486$3,073$2,704$1,570
13 years$4,078$3,569$3,115$2,713$2,358$1,296
14 years$3,748$3,244$2,799$2,408$2,067$1,075
15 years$3,462$2,963$2,527$2,147$1,820$894
16 years$3,212$2,719$2,291$1,923$1,608$746
17 years$2,992$2,504$2,085$1,728$1,426$623
18 years$2,796$2,314$1,903$1,557$1,268$522
19 years$2,621$2,144$1,742$1,407$1,130$438
20 years$2,464$1,993$1,599$1,274$1,009$368
21 years$2,322$1,856$1,471$1,156$903$309
22 years$2,193$1,733$1,355$1,051$810$260
23 years$2,076$1,620$1,252$958$727$219
24 years$1,968$1,518$1,157$873$653$184
25 years$1,869$1,425$1,072$798$588$155
26 years$1,778$1,339$994$729$530$131
27 years$1,694$1,260$923$668$477$111
28 years$1,616$1,188$858$612$431$93
29 years$1,543$1,120$799$561$389$79
30 years$1,476$1,058$744$515$351$67
31 years$1,413$1,000$694$473$318$56
32 years$1,354$946$647$434$287$47
33 years$1,298$896$604$400$260$40
34 years$1,246$849$565$368$236$34
35 years$1,198$806$528$338$213$29
36 years$1,151$765$494$312$193$24
37 years$1,108$726$462$287$175$20
38 years$1,067$690$433$265$159$17
39 years$1,028$656$405$244$144$15
40 years$991$624$380$225$131$12
41 years$956$594$356$208$119$10
42 years$923$566$334$192$108$9
43 years$891$539$314$177$98$7
44 years$861$514$294$163$89$6
45 years$833$490$276$151$80$5
46 years$805$468$260$139$73$4
47 years$779$446$244$129$66$4
48 years$754$426$229$119$60$3
49 years$731$407$215$110$55$3
50 years$708$389$203$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $725,000, adding $4,059 every year, while hoping to spend $50,867 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: 39/40/21 Blend
52$725,000$725,000$725,000$725,000
53$803,137$764,712$753,474$829,297
54$830,935$748,061$724,594$831,862
55$859,863$728,889$693,041$829,515
56$889,984$707,019$658,672$825,942
57$921,363$682,263$621,338$821,058
58$954,071$654,424$580,882$814,778
59$988,186$623,290$537,141$807,011
60$1,023,789$588,640$489,944$797,662
61$1,060,971$550,238$439,113$786,633
62$1,099,827$507,837$384,460$773,820
63$1,140,461$461,173$325,791$759,115
64$1,182,987$409,968$262,903$742,407
65$1,227,525$353,930$195,584$723,579
66$1,274,208$292,748$123,612$702,509
67$1,323,179$226,095$46,754$679,072
68$1,374,593$153,624$0$653,136
69$1,428,621$74,970$0$632,470
70$1,485,444$0$0$620,723
71$1,545,263$0$0$611,836
72$1,608,295$0$0$637,279
73$1,674,777$0$0$664,153
74$1,744,967$0$0$692,566
75$1,819,146$0$0$722,640
76$1,897,622$0$0$754,502
77$1,980,729$0$0$788,297
78$2,068,834$0$0$824,178
79$2,162,336$0$0$862,318
80$2,261,675$0$0$902,900
81$2,367,327$0$0$946,130
82$2,479,817$0$0$992,230
83$2,599,718$0$0$1,041,445
84$2,727,659$0$0$1,094,042
85$2,864,327$0$0$1,150,314
86$3,010,475$0$0$1,210,583
87$3,166,932$0$0$1,275,202
88$3,334,603$0$0$1,344,558
89$3,514,482$0$0$1,419,077
90$3,707,662$0$0$1,499,223
91$3,915,339$0$0$1,585,509
92$4,138,828$0$0$1,678,498
93$4,379,573$0$0$1,778,806
94$4,639,159$0$0$1,887,112
95$4,919,328$0$0$2,004,162
96$5,221,995$0$0$2,130,775
97$5,549,261$0$0$2,267,852
98$5,903,440$0$0$2,416,381
99$6,287,071$0$0$2,577,453
100$6,702,950$0$0$2,752,265