Can I retire at age 53 with 731,000?

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 $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%19.6%
1 years$60,365$59,828$59,303$58,791$58,291$56,045
2 years$29,884$29,327$28,788$28,265$27,758$25,521
3 years$19,725$19,166$18,628$18,110$17,611$15,455
4 years$14,646$14,089$13,556$13,047$12,560$10,501
5 years$11,600$11,046$10,520$10,021$9,548$7,591
6 years$9,569$9,020$8,502$8,014$7,555$5,701
7 years$8,120$7,575$7,065$6,589$6,144$4,393
8 years$7,033$6,493$5,992$5,527$5,097$3,447
9 years$6,188$5,653$5,161$4,708$4,293$2,741
10 years$5,513$4,983$4,499$4,058$3,657$2,202
11 years$4,961$4,436$3,961$3,532$3,146$1,783
12 years$4,501$3,982$3,515$3,098$2,726$1,452
13 years$4,112$3,598$3,141$2,735$2,377$1,188
14 years$3,779$3,271$2,822$2,428$2,084$976
15 years$3,491$2,988$2,548$2,165$1,835$804
16 years$3,239$2,741$2,310$1,939$1,621$665
17 years$3,016$2,525$2,102$1,742$1,438$550
18 years$2,819$2,333$1,919$1,570$1,278$456
19 years$2,643$2,162$1,757$1,418$1,139$379
20 years$2,484$2,009$1,612$1,285$1,018$315
21 years$2,341$1,871$1,483$1,166$911$262
22 years$2,211$1,747$1,367$1,060$816$218
23 years$2,093$1,634$1,262$965$733$182
24 years$1,984$1,531$1,167$881$659$152
25 years$1,885$1,437$1,081$804$593$127
26 years$1,793$1,350$1,002$735$534$106
27 years$1,708$1,271$931$673$481$88
28 years$1,629$1,197$865$617$434$74
29 years$1,556$1,130$805$565$392$62
30 years$1,488$1,067$750$519$354$51
31 years$1,424$1,008$699$477$320$43
32 years$1,365$954$652$438$290$36
33 years$1,309$904$609$403$262$30
34 years$1,257$856$569$371$237$25
35 years$1,207$812$532$341$215$21
36 years$1,161$771$498$314$195$18
37 years$1,117$732$466$290$177$15
38 years$1,076$696$436$267$160$12
39 years$1,037$662$409$246$145$10
40 years$999$630$383$227$132$9
41 years$964$599$359$209$119$7
42 years$931$571$337$193$108$6
43 years$899$544$316$178$98$5
44 years$869$518$297$165$89$4
45 years$840$494$279$152$81$3
46 years$812$472$262$141$74$3
47 years$786$450$246$130$67$2
48 years$761$430$231$120$61$2
49 years$737$410$217$111$55$2
50 years$714$392$204$102$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $731,000, adding $5,777 every year, while hoping to spend $38,472 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: 35/49/16 Blend
52$731,000$731,000$731,000$731,000
53$811,521$772,778$761,447$835,744
54$853,362$769,710$746,022$850,806
55$898,182$765,203$728,790$863,011
56$946,243$759,144$709,652$875,356
57$997,834$751,417$688,500$887,874
58$1,053,273$741,896$665,224$900,606
59$1,112,907$730,449$639,709$913,599
60$1,177,118$716,935$611,833$926,907
61$1,246,324$701,206$581,471$940,595
62$1,320,989$683,104$548,489$954,739
63$1,401,616$662,462$512,750$969,425
64$1,488,762$639,105$474,108$984,753
65$1,583,040$612,844$432,415$1,000,837
66$1,685,120$583,484$387,510$1,017,810
67$1,795,741$550,813$339,231$1,035,822
68$1,915,716$514,613$287,405$1,055,045
69$2,045,938$474,648$231,852$1,075,672
70$2,187,389$430,671$172,384$1,097,926
71$2,341,151$382,422$108,807$1,122,056
72$2,508,411$329,624$40,915$1,148,345
73$2,690,479$271,985$0$1,177,113
74$2,888,793$209,198$0$1,214,104
75$3,104,938$140,936$0$1,262,143
76$3,340,657$66,857$0$1,314,734
77$3,597,867$0$0$1,372,430
78$3,878,682$0$0$1,443,075
79$4,185,425$0$0$1,559,718
80$4,520,657$0$0$1,687,297
81$4,887,194$0$0$1,826,897
82$5,288,139$0$0$1,979,711
83$5,726,908$0$0$2,147,057
84$6,207,261$0$0$2,330,382
85$6,733,341$0$0$2,531,283
86$7,309,709$0$0$2,751,516
87$7,941,388$0$0$2,993,018
88$8,633,910$0$0$3,257,919
89$9,393,368$0$0$3,548,568
90$10,226,472$0$0$3,867,551
91$11,140,616$0$0$4,217,717
92$12,143,939$0$0$4,602,204
93$13,245,412$0$0$5,024,468
94$14,454,912$0$0$5,488,317
95$15,783,324$0$0$5,997,947
96$17,242,635$0$0$6,557,978
97$18,846,052$0$0$7,173,502
98$20,608,124$0$0$7,850,128
99$22,544,881$0$0$8,594,034
100$24,673,981$0$0$9,412,030