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%17.8%
1 years$60,200$59,664$59,141$58,630$58,131$56,293
2 years$29,802$29,247$28,709$28,188$27,682$25,846
3 years$19,671$19,113$18,577$18,060$17,562$15,787
4 years$14,606$14,050$13,519$13,011$12,526$10,825
5 years$11,568$11,016$10,491$9,994$9,522$7,900
6 years$9,543$8,995$8,479$7,992$7,534$5,992
7 years$8,098$7,554$7,046$6,571$6,127$4,665
8 years$7,014$6,475$5,975$5,512$5,083$3,700
9 years$6,171$5,638$5,147$4,695$4,281$2,975
10 years$5,498$4,969$4,487$4,047$3,647$2,417
11 years$4,947$4,424$3,950$3,522$3,137$1,980
12 years$4,488$3,971$3,506$3,090$2,718$1,632
13 years$4,101$3,588$3,132$2,728$2,371$1,352
14 years$3,769$3,262$2,814$2,421$2,078$1,125
15 years$3,481$2,980$2,541$2,159$1,830$939
16 years$3,230$2,734$2,304$1,933$1,617$786
17 years$3,008$2,518$2,096$1,737$1,434$659
18 years$2,811$2,326$1,914$1,566$1,275$554
19 years$2,636$2,156$1,752$1,415$1,136$467
20 years$2,478$2,004$1,608$1,281$1,015$393
21 years$2,335$1,866$1,479$1,163$908$332
22 years$2,205$1,742$1,363$1,057$814$280
23 years$2,087$1,629$1,258$963$731$237
24 years$1,979$1,527$1,164$878$657$200
25 years$1,879$1,433$1,078$802$591$170
26 years$1,788$1,346$1,000$733$532$144
27 years$1,703$1,267$928$671$480$122
28 years$1,625$1,194$863$615$433$103
29 years$1,552$1,126$803$564$391$87
30 years$1,484$1,064$748$518$353$74
31 years$1,421$1,006$697$475$320$63
32 years$1,361$952$651$437$289$53
33 years$1,306$901$608$402$262$45
34 years$1,253$854$568$370$237$38
35 years$1,204$810$531$340$214$33
36 years$1,158$769$496$313$194$28
37 years$1,114$730$465$289$176$23
38 years$1,073$694$435$266$160$20
39 years$1,034$660$408$245$145$17
40 years$997$628$382$226$131$14
41 years$962$598$358$209$119$12
42 years$928$569$336$193$108$10
43 years$896$542$315$178$98$9
44 years$866$517$296$164$89$7
45 years$837$493$278$152$81$6
46 years$810$470$261$140$73$5
47 years$784$449$245$129$67$5
48 years$759$428$231$120$61$4
49 years$735$409$217$111$55$3
50 years$712$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $729,000, adding $3,073 every year, while hoping to spend $48,834 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: 68/11/21 Blend
52$729,000$729,000$729,000$729,000
53$806,528$767,891$756,591$856,934
54$836,835$753,558$729,978$876,724
55$868,596$736,887$700,837$892,410
56$901,909$717,711$669,031$908,396
57$936,878$695,853$634,418$924,708
58$973,618$671,128$596,849$941,380
59$1,012,252$643,339$556,169$958,447
60$1,052,916$612,277$512,215$975,951
61$1,095,757$577,721$464,817$993,941
62$1,140,933$539,438$413,797$1,012,470
63$1,188,620$497,182$358,971$1,031,601
64$1,239,007$450,692$300,144$1,051,404
65$1,292,301$399,692$237,115$1,071,959
66$1,348,730$343,891$169,672$1,093,356
67$1,408,539$282,980$97,596$1,115,698
68$1,472,000$216,636$20,655$1,139,099
69$1,539,407$144,515$0$1,163,689
70$1,611,084$66,253$0$1,203,384
71$1,687,383$0$0$1,250,413
72$1,768,692$0$0$1,302,627
73$1,855,433$0$0$1,366,911
74$1,948,072$0$0$1,435,592
75$2,047,117$0$0$1,509,049
76$2,153,125$0$0$1,587,701
77$2,266,708$0$0$1,672,004
78$2,388,536$0$0$1,762,459
79$2,519,346$0$0$1,859,619
80$2,659,943$0$0$1,964,087
81$2,811,217$0$0$2,076,526
82$2,974,138$0$0$2,197,665
83$3,149,778$0$0$2,328,305
84$3,339,309$0$0$2,469,324
85$3,544,022$0$0$2,621,687
86$3,765,336$0$0$2,786,458
87$4,004,807$0$0$2,964,802
88$4,264,151$0$0$3,158,002
89$4,545,249$0$0$3,367,468
90$4,850,173$0$0$3,594,751
91$5,181,201$0$0$3,841,557
92$5,540,837$0$0$4,109,762
93$5,931,837$0$0$4,401,429
94$6,357,233$0$0$4,718,829
95$6,820,361$0$0$5,064,459
96$7,324,890$0$0$5,441,071
97$7,874,860$0$0$5,851,687
98$8,474,717$0$0$6,299,639
99$9,129,352$0$0$6,788,591
100$9,844,152$0$0$7,322,577