Can I retire at age 53 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$60,200$59,664$59,141$58,630$58,131$57,669
2 years$29,802$29,247$28,709$28,188$27,682$27,215
3 years$19,671$19,113$18,577$18,060$17,562$17,106
4 years$14,606$14,050$13,519$13,011$12,526$12,084
5 years$11,568$11,016$10,491$9,994$9,522$9,096
6 years$9,543$8,995$8,479$7,992$7,534$7,124
7 years$8,098$7,554$7,046$6,571$6,127$5,734
8 years$7,014$6,475$5,975$5,512$5,083$4,706
9 years$6,171$5,638$5,147$4,695$4,281$3,919
10 years$5,498$4,969$4,487$4,047$3,647$3,302
11 years$4,947$4,424$3,950$3,522$3,137$2,807
12 years$4,488$3,971$3,506$3,090$2,718$2,404
13 years$4,101$3,588$3,132$2,728$2,371$2,071
14 years$3,769$3,262$2,814$2,421$2,078$1,793
15 years$3,481$2,980$2,541$2,159$1,830$1,559
16 years$3,230$2,734$2,304$1,933$1,617$1,361
17 years$3,008$2,518$2,096$1,737$1,434$1,191
18 years$2,811$2,326$1,914$1,566$1,275$1,045
19 years$2,636$2,156$1,752$1,415$1,136$919
20 years$2,478$2,004$1,608$1,281$1,015$810
21 years$2,335$1,866$1,479$1,163$908$715
22 years$2,205$1,742$1,363$1,057$814$632
23 years$2,087$1,629$1,258$963$731$559
24 years$1,979$1,527$1,164$878$657$495
25 years$1,879$1,433$1,078$802$591$439
26 years$1,788$1,346$1,000$733$532$390
27 years$1,703$1,267$928$671$480$346
28 years$1,625$1,194$863$615$433$308
29 years$1,552$1,126$803$564$391$274
30 years$1,484$1,064$748$518$353$244
31 years$1,421$1,006$697$475$320$217
32 years$1,361$952$651$437$289$193
33 years$1,306$901$608$402$262$172
34 years$1,253$854$568$370$237$153
35 years$1,204$810$531$340$214$137
36 years$1,158$769$496$313$194$122
37 years$1,114$730$465$289$176$109
38 years$1,073$694$435$266$160$97
39 years$1,034$660$408$245$145$87
40 years$997$628$382$226$131$77
41 years$962$598$358$209$119$69
42 years$928$569$336$193$108$62
43 years$896$542$315$178$98$55
44 years$866$517$296$164$89$49
45 years$837$493$278$152$81$44
46 years$810$470$261$140$73$39
47 years$784$449$245$129$67$35
48 years$759$428$231$120$61$31
49 years$735$409$217$111$55$28
50 years$712$391$204$102$50$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $729,000, adding $2,948 every year, while hoping to spend $55,308 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: 55/22/23 Blend
52$729,000$729,000$729,000$729,000
53$806,399$767,762$756,462$845,531
54$829,804$746,535$722,957$851,469
55$853,743$722,414$686,475$851,878
56$878,212$695,199$646,858$851,154
57$903,204$664,679$603,943$849,204
58$928,711$630,628$557,555$845,931
59$954,722$592,811$507,515$841,230
60$981,220$550,975$453,634$834,990
61$1,008,189$504,858$395,715$827,091
62$1,035,605$454,177$333,552$817,407
63$1,063,442$398,637$266,932$805,803
64$1,091,668$337,925$195,629$792,134
65$1,120,246$271,710$119,409$776,244
66$1,149,131$199,644$38,029$757,970
67$1,178,272$121,357$0$737,134
68$1,207,612$36,459$0$725,529
69$1,237,083$0$0$721,712
70$1,266,608$0$0$729,618
71$1,296,101$0$0$746,294
72$1,325,460$0$0$762,852
73$1,354,575$0$0$779,222
74$1,383,318$0$0$795,327
75$1,411,546$0$0$811,079
76$1,439,098$0$0$826,377
77$1,465,793$0$0$841,112
78$1,491,428$0$0$855,159
79$1,515,775$0$0$868,379
80$1,538,581$0$0$880,616
81$1,559,561$0$0$891,697
82$1,578,398$0$0$901,428
83$1,594,740$0$0$909,592
84$1,608,191$0$0$915,950
85$1,618,315$0$0$920,235
86$1,624,622$0$0$922,148
87$1,626,573$0$0$921,360
88$1,623,563$0$0$917,504
89$1,614,926$0$0$910,173
90$1,599,919$0$0$898,916
91$1,577,721$0$0$883,231
92$1,547,417$0$0$862,564
93$1,508,000$0$0$836,300
94$1,458,348$0$0$803,759
95$1,397,222$0$0$764,186
96$1,323,251$0$0$716,748
97$1,234,915$0$0$660,521
98$1,130,535$0$0$594,485
99$1,008,252$0$0$517,512
100$866,011$0$0$428,352