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%15%
1 years$60,365$59,828$59,303$58,791$58,291$57,091
2 years$29,884$29,327$28,788$28,265$27,758$26,554
3 years$19,725$19,166$18,628$18,110$17,611$16,441
4 years$14,646$14,089$13,556$13,047$12,560$11,433
5 years$11,600$11,046$10,520$10,021$9,548$8,467
6 years$9,569$9,020$8,502$8,014$7,555$6,522
7 years$8,120$7,575$7,065$6,589$6,144$5,159
8 years$7,033$6,493$5,992$5,527$5,097$4,159
9 years$6,188$5,653$5,161$4,708$4,293$3,401
10 years$5,513$4,983$4,499$4,058$3,657$2,812
11 years$4,961$4,436$3,961$3,532$3,146$2,345
12 years$4,501$3,982$3,515$3,098$2,726$1,969
13 years$4,112$3,598$3,141$2,735$2,377$1,662
14 years$3,779$3,271$2,822$2,428$2,084$1,409
15 years$3,491$2,988$2,548$2,165$1,835$1,200
16 years$3,239$2,741$2,310$1,939$1,621$1,025
17 years$3,016$2,525$2,102$1,742$1,438$877
18 years$2,819$2,333$1,919$1,570$1,278$753
19 years$2,643$2,162$1,757$1,418$1,139$647
20 years$2,484$2,009$1,612$1,285$1,018$557
21 years$2,341$1,871$1,483$1,166$911$481
22 years$2,211$1,747$1,367$1,060$816$415
23 years$2,093$1,634$1,262$965$733$358
24 years$1,984$1,531$1,167$881$659$310
25 years$1,885$1,437$1,081$804$593$268
26 years$1,793$1,350$1,002$735$534$232
27 years$1,708$1,271$931$673$481$201
28 years$1,629$1,197$865$617$434$175
29 years$1,556$1,130$805$565$392$151
30 years$1,488$1,067$750$519$354$131
31 years$1,424$1,008$699$477$320$114
32 years$1,365$954$652$438$290$99
33 years$1,309$904$609$403$262$86
34 years$1,257$856$569$371$237$75
35 years$1,207$812$532$341$215$65
36 years$1,161$771$498$314$195$56
37 years$1,117$732$466$290$177$49
38 years$1,076$696$436$267$160$42
39 years$1,037$662$409$246$145$37
40 years$999$630$383$227$132$32
41 years$964$599$359$209$119$28
42 years$931$571$337$193$108$24
43 years$899$544$316$178$98$21
44 years$869$518$297$165$89$18
45 years$840$494$279$152$81$16
46 years$812$472$262$141$74$14
47 years$786$450$246$130$67$12
48 years$761$430$231$120$61$10
49 years$737$410$217$111$55$9
50 years$714$392$204$102$50$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $731,000, adding $3,974 every year, while hoping to spend $35,053 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: 40/50/10 Blend
52$731,000$731,000$731,000$731,000
53$809,661$770,918$759,588$839,467
54$854,951$771,397$747,738$861,299
55$903,685$770,725$734,316$881,122
56$956,178$768,807$719,233$901,779
57$1,012,775$765,546$702,394$923,363
58$1,073,856$760,836$683,702$945,973
59$1,139,837$754,564$663,054$969,726
60$1,211,176$746,614$640,342$994,749
61$1,288,377$736,859$615,455$1,021,187
62$1,371,993$725,166$588,274$1,049,203
63$1,462,631$711,395$558,676$1,078,978
64$1,560,962$695,395$526,534$1,110,716
65$1,667,720$677,010$491,714$1,144,643
66$1,783,716$656,072$454,074$1,181,015
67$1,909,838$632,402$413,469$1,220,116
68$2,047,067$605,815$369,745$1,262,263
69$2,196,479$576,112$322,743$1,307,811
70$2,359,261$543,082$272,296$1,357,156
71$2,536,717$506,504$218,229$1,410,738
72$2,730,282$466,144$160,360$1,469,049
73$2,941,539$421,752$98,500$1,532,635
74$3,172,225$373,068$32,449$1,602,106
75$3,424,258$319,813$0$1,678,139
76$3,699,744$261,696$0$1,765,546
77$4,001,005$198,407$0$1,865,066
78$4,330,598$129,618$0$1,974,188
79$4,691,335$54,987$0$2,093,971
80$5,086,317$0$0$2,225,590
81$5,518,956$0$0$2,384,572
82$5,993,010$0$0$2,592,017
83$6,512,618$0$0$2,819,495
84$7,082,338$0$0$3,069,013
85$7,707,190$0$0$3,342,782
86$8,392,705$0$0$3,643,238
87$9,144,973$0$0$3,973,065
88$9,970,702$0$0$4,335,219
89$10,877,284$0$0$4,732,954
90$11,872,858$0$0$5,169,858
91$12,966,393$0$0$5,649,882
92$14,167,768$0$0$6,177,378
93$15,487,865$0$0$6,757,142
94$16,938,673$0$0$7,394,456
95$18,533,402$0$0$8,095,142
96$20,286,604$0$0$8,865,610
97$22,214,310$0$0$9,712,926
98$24,334,184$0$0$10,644,873
99$26,665,687$0$0$11,670,028
100$29,230,260$0$0$12,797,839