Can I retire at age 53 with 730,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $730,000?

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$60,283$59,746$59,222$58,711$58,211$56,461
2 years$29,843$29,287$28,748$28,226$27,720$25,971
3 years$19,698$19,139$18,602$18,085$17,586$15,894
4 years$14,626$14,070$13,538$13,029$12,543$10,920
5 years$11,584$11,031$10,506$10,008$9,535$7,986
6 years$9,556$9,007$8,490$8,003$7,545$6,071
7 years$8,109$7,564$7,055$6,580$6,136$4,737
8 years$7,024$6,484$5,984$5,520$5,090$3,766
9 years$6,180$5,646$5,154$4,702$4,287$3,035
10 years$5,505$4,976$4,493$4,053$3,652$2,472
11 years$4,954$4,430$3,956$3,527$3,141$2,030
12 years$4,495$3,976$3,510$3,094$2,722$1,678
13 years$4,106$3,593$3,136$2,731$2,374$1,394
14 years$3,774$3,266$2,818$2,425$2,081$1,163
15 years$3,486$2,984$2,544$2,162$1,832$973
16 years$3,234$2,738$2,307$1,936$1,619$817
17 years$3,012$2,521$2,099$1,740$1,436$688
18 years$2,815$2,330$1,916$1,568$1,277$580
19 years$2,639$2,159$1,754$1,417$1,138$489
20 years$2,481$2,006$1,610$1,283$1,016$414
21 years$2,338$1,869$1,481$1,164$910$350
22 years$2,208$1,745$1,365$1,059$815$297
23 years$2,090$1,632$1,260$964$732$252
24 years$1,982$1,529$1,165$879$658$214
25 years$1,882$1,435$1,079$803$592$181
26 years$1,790$1,348$1,001$734$533$154
27 years$1,706$1,269$930$672$481$131
28 years$1,627$1,196$864$616$434$111
29 years$1,554$1,128$804$565$392$95
30 years$1,486$1,065$749$518$354$81
31 years$1,422$1,007$698$476$320$68
32 years$1,363$953$652$437$289$58
33 years$1,307$902$608$402$262$50
34 years$1,255$855$568$370$237$42
35 years$1,206$811$531$341$215$36
36 years$1,159$770$497$314$195$31
37 years$1,116$731$465$289$176$26
38 years$1,074$695$436$266$160$22
39 years$1,035$661$408$246$145$19
40 years$998$629$383$227$132$16
41 years$963$598$359$209$119$14
42 years$929$570$337$193$108$12
43 years$898$543$316$178$98$10
44 years$867$518$296$164$89$8
45 years$839$494$278$152$81$7
46 years$811$471$261$140$74$6
47 years$785$449$246$130$67$5
48 years$760$429$231$120$61$4
49 years$736$410$217$111$55$4
50 years$713$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 $730,000, adding $3,996 every year, while hoping to spend $41,368 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: 80/8/12 Blend
52$730,000$730,000$730,000$730,000
53$808,582$769,892$758,577$871,165
54$847,042$763,601$739,974$906,546
55$888,039$755,616$719,361$939,587
56$931,787$745,809$696,628$974,641
57$978,522$734,047$671,658$1,011,890
58$1,028,502$720,187$644,330$1,051,537
59$1,082,011$704,077$614,517$1,093,802
60$1,139,359$685,560$582,086$1,138,928
61$1,200,886$664,465$546,898$1,187,186
62$1,266,966$640,613$508,809$1,238,871
63$1,338,010$613,816$467,667$1,294,311
64$1,414,467$583,874$423,314$1,353,866
65$1,496,832$550,573$375,584$1,417,935
66$1,585,648$513,690$324,306$1,486,955
67$1,681,512$472,989$269,298$1,561,411
68$1,785,079$428,218$210,372$1,641,836
69$1,897,069$379,113$147,332$1,728,819
70$2,018,275$325,394$79,972$1,823,010
71$2,149,566$266,766$8,078$1,925,124
72$2,291,900$202,915$0$2,035,951
73$2,446,330$133,513$0$2,165,153
74$2,614,011$58,211$0$2,306,575
75$2,796,218$0$0$2,460,275
76$2,994,351$0$0$2,629,509
77$3,209,950$0$0$2,819,256
78$3,444,711$0$0$3,025,887
79$3,700,498$0$0$3,251,043
80$3,979,366$0$0$3,496,537
81$4,283,573$0$0$3,764,358
82$4,615,605$0$0$4,056,698
83$4,978,201$0$0$4,375,972
84$5,374,374$0$0$4,724,834
85$5,807,440$0$0$5,106,209
86$6,281,053$0$0$5,523,317
87$6,799,234$0$0$5,979,702
88$7,366,411$0$0$6,479,269
89$7,987,461$0$0$7,026,315
90$8,667,752$0$0$7,625,574
91$9,413,199$0$0$8,282,258
92$10,230,313$0$0$9,002,109
93$11,126,267$0$0$9,791,448
94$12,108,961$0$0$10,657,241
95$13,187,096$0$0$11,607,157
96$14,370,256$0$0$12,649,646
97$15,668,998$0$0$13,794,013
98$17,094,950$0$0$15,050,509
99$18,660,922$0$0$16,430,427
100$20,381,025$0$0$17,946,208