Can I retire at age 53 with 725,000?

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 $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%17.7%
1 years$59,870$59,337$58,816$58,308$57,813$56,007
2 years$29,639$29,087$28,552$28,033$27,530$25,727
3 years$19,563$19,008$18,475$17,961$17,466$15,722
4 years$14,526$13,973$13,445$12,940$12,457$10,785
5 years$11,504$10,955$10,434$9,939$9,470$7,875
6 years$9,491$8,946$8,432$7,948$7,493$5,977
7 years$8,053$7,513$7,007$6,535$6,094$4,656
8 years$6,975$6,440$5,943$5,482$5,055$3,695
9 years$6,138$5,607$5,118$4,669$4,257$2,972
10 years$5,468$4,942$4,462$4,025$3,627$2,417
11 years$4,920$4,400$3,929$3,503$3,120$1,981
12 years$4,464$3,949$3,486$3,073$2,704$1,634
13 years$4,078$3,569$3,115$2,713$2,358$1,354
14 years$3,748$3,244$2,799$2,408$2,067$1,128
15 years$3,462$2,963$2,527$2,147$1,820$942
16 years$3,212$2,719$2,291$1,923$1,608$789
17 years$2,992$2,504$2,085$1,728$1,426$662
18 years$2,796$2,314$1,903$1,557$1,268$557
19 years$2,621$2,144$1,742$1,407$1,130$469
20 years$2,464$1,993$1,599$1,274$1,009$396
21 years$2,322$1,856$1,471$1,156$903$334
22 years$2,193$1,733$1,355$1,051$810$283
23 years$2,076$1,620$1,252$958$727$239
24 years$1,968$1,518$1,157$873$653$202
25 years$1,869$1,425$1,072$798$588$171
26 years$1,778$1,339$994$729$530$145
27 years$1,694$1,260$923$668$477$123
28 years$1,616$1,188$858$612$431$104
29 years$1,543$1,120$799$561$389$89
30 years$1,476$1,058$744$515$351$75
31 years$1,413$1,000$694$473$318$64
32 years$1,354$946$647$434$287$54
33 years$1,298$896$604$400$260$46
34 years$1,246$849$565$368$236$39
35 years$1,198$806$528$338$213$33
36 years$1,151$765$494$312$193$28
37 years$1,108$726$462$287$175$24
38 years$1,067$690$433$265$159$20
39 years$1,028$656$405$244$144$17
40 years$991$624$380$225$131$15
41 years$956$594$356$208$119$12
42 years$923$566$334$192$108$11
43 years$891$539$314$177$98$9
44 years$861$514$294$163$89$8
45 years$833$490$276$151$80$6
46 years$805$468$260$139$73$6
47 years$779$446$244$129$66$5
48 years$754$426$229$119$60$4
49 years$731$407$215$110$55$3
50 years$708$389$203$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $725,000, adding $2,742 every year, while hoping to spend $22,405 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: 28/49/23 Blend
52$725,000$725,000$725,000$725,000
53$801,778$763,353$752,116$818,379
54$859,721$776,919$753,473$845,161
55$922,823$790,398$754,125$871,760
56$991,587$803,764$754,024$899,870
57$1,066,565$816,985$753,120$929,635
58$1,148,368$830,030$751,362$961,213
59$1,237,664$842,864$748,696$994,780
60$1,335,191$855,450$745,063$1,030,532
61$1,441,762$867,748$740,403$1,068,684
62$1,558,269$879,716$734,655$1,109,475
63$1,685,699$891,308$727,752$1,153,170
64$1,825,133$902,475$719,624$1,200,062
65$1,977,766$913,165$710,201$1,250,475
66$2,144,911$923,323$699,406$1,304,768
67$2,328,015$932,889$687,159$1,363,338
68$2,528,672$941,800$673,379$1,426,625
69$2,748,637$949,989$657,977$1,495,116
70$2,989,843$957,383$640,864$1,569,347
71$3,254,418$963,906$621,944$1,649,914
72$3,544,707$969,477$601,118$1,737,475
73$3,863,294$974,008$578,282$1,832,759
74$4,213,023$977,407$553,328$1,936,568
75$4,597,028$979,577$526,141$2,049,794
76$5,018,762$980,412$496,603$2,173,419
77$5,482,026$979,803$464,590$2,308,530
78$5,991,011$977,632$429,972$2,456,330
79$6,550,332$973,774$392,614$2,618,146
80$7,165,073$968,096$352,374$2,795,445
81$7,840,836$960,458$309,104$2,989,848
82$8,583,791$950,710$262,649$3,203,146
83$9,400,739$938,696$212,849$3,437,318
84$10,299,169$924,247$159,534$3,694,549
85$11,287,335$907,186$102,529$3,977,253
86$12,374,330$887,325$41,651$4,288,095
87$13,570,173$864,466$0$4,630,018
88$14,885,902$838,396$0$5,011,997
89$16,333,680$808,893$0$5,443,176
90$17,926,908$775,721$0$5,917,337
91$19,680,352$738,631$0$6,438,908
92$21,610,282$697,357$0$7,012,772
93$23,734,624$651,621$0$7,644,317
94$26,073,131$601,127$0$8,339,486
95$28,647,571$545,562$0$9,104,833
96$31,481,924$484,596$0$9,947,589
97$34,602,620$417,880$0$10,875,729
98$38,038,777$345,046$0$11,898,046
99$41,822,483$265,704$0$13,024,242
100$45,989,094$179,442$0$14,265,014