Can I retire at age 53 with 728,000?

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 $728,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$60,118$59,582$59,060$58,550$58,052$56,261
2 years$29,761$29,207$28,670$28,149$27,644$25,855
3 years$19,644$19,087$18,551$18,035$17,538$15,808
4 years$14,586$14,031$13,501$12,993$12,508$10,850
5 years$11,552$11,000$10,477$9,980$9,509$7,926
6 years$9,530$8,983$8,467$7,981$7,524$6,019
7 years$8,087$7,544$7,036$6,562$6,119$4,691
8 years$7,004$6,466$5,967$5,505$5,076$3,725
9 years$6,163$5,630$5,139$4,689$4,275$2,999
10 years$5,490$4,963$4,481$4,042$3,642$2,439
11 years$4,940$4,418$3,945$3,517$3,133$2,001
12 years$4,482$3,965$3,501$3,085$2,715$1,651
13 years$4,095$3,583$3,128$2,724$2,367$1,370
14 years$3,763$3,257$2,810$2,418$2,075$1,141
15 years$3,476$2,976$2,537$2,156$1,827$954
16 years$3,225$2,730$2,300$1,931$1,615$800
17 years$3,004$2,514$2,093$1,735$1,432$672
18 years$2,808$2,323$1,911$1,563$1,273$566
19 years$2,632$2,153$1,749$1,413$1,135$477
20 years$2,474$2,001$1,606$1,279$1,014$403
21 years$2,332$1,864$1,477$1,161$907$340
22 years$2,202$1,740$1,361$1,056$813$288
23 years$2,084$1,627$1,257$962$730$244
24 years$1,976$1,525$1,162$877$656$206
25 years$1,877$1,431$1,076$801$590$175
26 years$1,785$1,345$998$732$532$148
27 years$1,701$1,265$927$670$479$126
28 years$1,623$1,192$862$614$433$107
29 years$1,550$1,125$802$563$391$91
30 years$1,482$1,062$747$517$353$77
31 years$1,419$1,004$696$475$319$65
32 years$1,359$950$650$436$289$56
33 years$1,304$900$607$401$261$47
34 years$1,252$853$567$369$236$40
35 years$1,202$809$530$340$214$34
36 years$1,156$768$496$313$194$29
37 years$1,113$729$464$288$176$25
38 years$1,071$693$435$266$159$21
39 years$1,032$659$407$245$145$18
40 years$995$627$382$226$131$15
41 years$960$597$358$209$119$13
42 years$927$568$336$192$108$11
43 years$895$542$315$178$98$9
44 years$865$516$296$164$89$8
45 years$836$492$278$151$81$7
46 years$809$470$261$140$73$6
47 years$783$448$245$129$67$5
48 years$758$428$230$119$60$4
49 years$734$409$216$110$55$4
50 years$711$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 $728,000, adding $6,904 every year, while hoping to spend $49,225 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: 63/21/16 Blend
52$728,000$728,000$728,000$728,000
53$809,377$770,793$759,509$856,740
54$839,559$756,187$732,578$874,777
55$871,169$739,216$703,095$888,241
56$904,302$719,711$670,922$901,762
57$939,059$697,494$635,915$915,350
58$975,550$672,379$597,926$929,015
59$1,013,896$644,165$556,796$942,769
60$1,054,226$612,642$512,362$956,631
61$1,096,683$577,588$464,452$970,622
62$1,141,420$538,765$412,887$984,766
63$1,188,607$495,926$357,480$999,096
64$1,238,425$448,807$298,036$1,013,647
65$1,291,075$397,130$234,351$1,028,465
66$1,346,775$340,599$166,212$1,043,600
67$1,405,763$278,905$93,397$1,059,113
68$1,468,298$211,719$15,673$1,075,073
69$1,534,666$138,694$0$1,091,562
70$1,605,175$59,464$0$1,120,157
71$1,680,167$0$0$1,153,083
72$1,760,012$0$0$1,193,921
73$1,845,119$0$0$1,252,126
74$1,935,932$0$0$1,314,264
75$2,032,940$0$0$1,380,676
76$2,136,680$0$0$1,451,730
77$2,247,736$0$0$1,527,834
78$2,366,753$0$0$1,609,434
79$2,494,437$0$0$1,697,018
80$2,631,563$0$0$1,791,123
81$2,778,980$0$0$1,892,339
82$2,937,622$0$0$2,001,313
83$3,108,514$0$0$2,118,754
84$3,292,781$0$0$2,245,444
85$3,491,661$0$0$2,382,239
86$3,706,511$0$0$2,530,082
87$3,938,825$0$0$2,690,007
88$4,190,244$0$0$2,863,154
89$4,462,572$0$0$3,050,772
90$4,757,793$0$0$3,254,238
91$5,078,087$0$0$3,475,065
92$5,425,853$0$0$3,714,917
93$5,803,731$0$0$3,975,623
94$6,214,622$0$0$4,259,197
95$6,661,720$0$0$4,567,855
96$7,148,537$0$0$4,904,034
97$7,678,941$0$0$5,270,416
98$8,257,185$0$0$5,669,954
99$8,887,952$0$0$6,105,896
100$9,576,396$0$0$6,581,819