Can I retire at age 53 with 727,000?

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 $727,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$60,035$59,500$58,978$58,469$57,972$56,229
2 years$29,720$29,167$28,630$28,110$27,606$25,864
3 years$19,617$19,061$18,526$18,010$17,514$15,829
4 years$14,566$14,012$13,482$12,976$12,491$10,875
5 years$11,536$10,985$10,463$9,966$9,496$7,953
6 years$9,517$8,970$8,455$7,970$7,514$6,046
7 years$8,075$7,533$7,026$6,553$6,111$4,718
8 years$6,995$6,457$5,959$5,497$5,069$3,751
9 years$6,155$5,622$5,132$4,682$4,269$3,023
10 years$5,483$4,956$4,475$4,036$3,637$2,462
11 years$4,934$4,412$3,939$3,513$3,128$2,022
12 years$4,476$3,960$3,496$3,081$2,711$1,671
13 years$4,089$3,579$3,124$2,720$2,364$1,388
14 years$3,758$3,253$2,806$2,415$2,072$1,158
15 years$3,472$2,972$2,534$2,153$1,825$969
16 years$3,221$2,726$2,297$1,928$1,613$814
17 years$3,000$2,511$2,090$1,732$1,430$685
18 years$2,804$2,320$1,908$1,561$1,271$577
19 years$2,628$2,150$1,747$1,411$1,133$487
20 years$2,471$1,998$1,603$1,278$1,012$412
21 years$2,328$1,861$1,475$1,160$906$349
22 years$2,199$1,737$1,359$1,054$812$296
23 years$2,081$1,625$1,255$960$729$251
24 years$1,973$1,522$1,161$876$655$213
25 years$1,874$1,429$1,075$800$589$181
26 years$1,783$1,343$997$731$531$153
27 years$1,699$1,264$926$669$479$130
28 years$1,620$1,191$861$613$432$111
29 years$1,548$1,123$801$562$390$94
30 years$1,480$1,061$746$516$352$80
31 years$1,417$1,003$695$474$319$68
32 years$1,357$949$649$436$288$58
33 years$1,302$899$606$401$261$49
34 years$1,250$852$566$369$236$42
35 years$1,201$808$529$339$214$36
36 years$1,155$767$495$312$194$30
37 years$1,111$728$463$288$176$26
38 years$1,070$692$434$265$159$22
39 years$1,031$658$407$245$144$19
40 years$994$626$381$226$131$16
41 years$959$596$357$208$119$14
42 years$926$568$335$192$108$12
43 years$894$541$315$177$98$10
44 years$864$516$295$164$89$8
45 years$835$492$277$151$81$7
46 years$808$469$260$140$73$6
47 years$782$448$245$129$66$5
48 years$757$427$230$119$60$4
49 years$733$408$216$110$55$4
50 years$710$390$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 $727,000, adding $4,233 every year, while hoping to spend $49,250 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: 38/45/17 Blend
52$727,000$727,000$727,000$727,000
53$805,520$766,989$755,721$831,863
54$835,282$752,170$728,636$836,347
55$866,428$734,974$698,993$836,174
56$899,049$715,233$666,654$834,947
57$933,241$692,768$631,476$832,597
58$969,109$667,391$593,308$829,052
59$1,006,766$638,902$551,992$824,239
60$1,046,337$607,089$507,365$818,080
61$1,087,957$571,729$459,254$810,496
62$1,131,770$532,586$407,481$801,406
63$1,177,937$489,409$351,858$790,725
64$1,226,631$441,934$292,190$778,367
65$1,278,041$389,882$228,271$764,244
66$1,332,372$332,958$159,890$748,265
67$1,389,851$270,850$86,823$730,339
68$1,450,722$203,228$8,838$710,371
69$1,515,254$129,745$0$688,268
70$1,583,740$50,032$0$677,427
71$1,656,500$0$0$666,848
72$1,733,885$0$0$672,853
73$1,816,279$0$0$705,680
74$1,904,101$0$0$740,726
75$1,997,812$0$0$778,185
76$2,097,915$0$0$818,264
77$2,204,964$0$0$861,193
78$2,319,562$0$0$907,224
79$2,442,375$0$0$956,634
80$2,574,130$0$0$1,009,725
81$2,715,628$0$0$1,066,829
82$2,867,745$0$0$1,128,313
83$3,031,444$0$0$1,194,577
84$3,207,783$0$0$1,266,063
85$3,397,923$0$0$1,343,253
86$3,603,140$0$0$1,426,680
87$3,824,836$0$0$1,516,930
88$4,064,552$0$0$1,614,643
89$4,323,981$0$0$1,720,527
90$4,604,983$0$0$1,835,359
91$4,909,607$0$0$1,959,993
92$5,240,102$0$0$2,095,369
93$5,598,944$0$0$2,242,520
94$5,988,855$0$0$2,402,583
95$6,412,830$0$0$2,576,809
96$6,874,162$0$0$2,766,575
97$7,376,479$0$0$2,973,396
98$7,923,768$0$0$3,198,938
99$8,520,419$0$0$3,445,036
100$9,171,264$0$0$3,713,710