Can I retire at age 53 with 731,000?

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 $731,000?

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$60,365$59,828$59,303$58,791$58,291$57,827
2 years$29,884$29,327$28,788$28,265$27,758$27,290
3 years$19,725$19,166$18,628$18,110$17,611$17,153
4 years$14,646$14,089$13,556$13,047$12,560$12,117
5 years$11,600$11,046$10,520$10,021$9,548$9,121
6 years$9,569$9,020$8,502$8,014$7,555$7,144
7 years$8,120$7,575$7,065$6,589$6,144$5,749
8 years$7,033$6,493$5,992$5,527$5,097$4,719
9 years$6,188$5,653$5,161$4,708$4,293$3,930
10 years$5,513$4,983$4,499$4,058$3,657$3,311
11 years$4,961$4,436$3,961$3,532$3,146$2,815
12 years$4,501$3,982$3,515$3,098$2,726$2,411
13 years$4,112$3,598$3,141$2,735$2,377$2,077
14 years$3,779$3,271$2,822$2,428$2,084$1,798
15 years$3,491$2,988$2,548$2,165$1,835$1,564
16 years$3,239$2,741$2,310$1,939$1,621$1,364
17 years$3,016$2,525$2,102$1,742$1,438$1,194
18 years$2,819$2,333$1,919$1,570$1,278$1,048
19 years$2,643$2,162$1,757$1,418$1,139$921
20 years$2,484$2,009$1,612$1,285$1,018$812
21 years$2,341$1,871$1,483$1,166$911$717
22 years$2,211$1,747$1,367$1,060$816$633
23 years$2,093$1,634$1,262$965$733$561
24 years$1,984$1,531$1,167$881$659$497
25 years$1,885$1,437$1,081$804$593$440
26 years$1,793$1,350$1,002$735$534$391
27 years$1,708$1,271$931$673$481$347
28 years$1,629$1,197$865$617$434$309
29 years$1,556$1,130$805$565$392$275
30 years$1,488$1,067$750$519$354$244
31 years$1,424$1,008$699$477$320$217
32 years$1,365$954$652$438$290$194
33 years$1,309$904$609$403$262$173
34 years$1,257$856$569$371$237$154
35 years$1,207$812$532$341$215$137
36 years$1,161$771$498$314$195$122
37 years$1,117$732$466$290$177$109
38 years$1,076$696$436$267$160$97
39 years$1,037$662$409$246$145$87
40 years$999$630$383$227$132$78
41 years$964$599$359$209$119$69
42 years$931$571$337$193$108$62
43 years$899$544$316$178$98$55
44 years$869$518$297$165$89$49
45 years$840$494$279$152$81$44
46 years$812$472$262$141$74$39
47 years$786$450$246$130$67$35
48 years$761$430$231$120$61$31
49 years$737$410$217$111$55$28
50 years$714$392$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 $731,000, adding $6,380 every year, while hoping to spend $38,795 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: 40/39/21 Blend
52$731,000$731,000$731,000$731,000
53$812,143$773,400$762,069$839,353
54$853,704$770,019$746,321$856,076
55$898,204$765,172$728,745$869,981
56$945,902$758,747$709,239$884,234
57$997,081$750,623$687,696$898,888
58$1,052,054$740,674$664,004$914,003
59$1,111,162$728,765$638,047$929,651
60$1,174,781$714,755$609,702$945,912
61$1,243,322$698,492$578,841$962,879
62$1,317,240$679,816$545,331$980,656
63$1,397,030$658,559$509,031$999,365
64$1,483,241$634,542$469,797$1,019,140
65$1,576,471$607,575$427,475$1,040,137
66$1,677,383$577,457$381,907$1,062,530
67$1,786,700$543,977$332,926$1,086,516
68$1,905,223$506,911$280,358$1,112,318
69$2,033,827$466,022$224,021$1,140,186
70$2,173,479$421,058$163,727$1,170,402
71$2,325,239$371,755$99,278$1,203,283
72$2,490,276$317,834$30,466$1,239,184
73$2,669,875$258,998$0$1,278,505
74$2,865,448$194,935$0$1,331,320
75$3,078,553$125,316$0$1,396,411
76$3,310,900$49,791$0$1,467,557
77$3,564,374$0$0$1,545,438
78$3,841,049$0$0$1,644,545
79$4,143,207$0$0$1,776,206
80$4,473,363$0$0$1,920,159
81$4,834,282$0$0$2,077,624
82$5,229,011$0$0$2,249,941
83$5,660,904$0$0$2,438,587
84$6,133,654$0$0$2,645,187
85$6,651,327$0$0$2,871,534
86$7,218,402$0$0$3,119,599
87$7,839,811$0$0$3,391,555
88$8,520,986$0$0$3,689,793
89$9,267,908$0$0$4,016,949
90$10,087,166$0$0$4,375,925
91$10,986,017$0$0$4,769,918
92$11,972,455$0$0$5,202,449
93$13,055,284$0$0$5,677,398
94$14,244,203$0$0$6,199,036
95$15,549,897$0$0$6,772,072
96$16,984,134$0$0$7,401,690
97$18,559,880$0$0$8,093,604
98$20,291,418$0$0$8,854,107
99$22,194,483$0$0$9,690,132
100$24,286,411$0$0$10,609,318