Can I retire at age 53 with 732,000?

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 $732,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$60,448$59,909$59,384$58,871$58,371$57,357
2 years$29,925$29,367$28,827$28,304$27,796$26,777
3 years$19,752$19,192$18,653$18,134$17,635$16,644
4 years$14,666$14,108$13,575$13,065$12,577$11,621
5 years$11,616$11,061$10,535$10,035$9,561$8,643
6 years$9,583$9,032$8,513$8,025$7,565$6,686
7 years$8,131$7,585$7,075$6,598$6,153$5,312
8 years$7,043$6,502$6,000$5,535$5,104$4,303
9 years$6,197$5,661$5,168$4,714$4,298$3,536
10 years$5,520$4,990$4,505$4,064$3,662$2,937
11 years$4,967$4,442$3,966$3,537$3,150$2,462
12 years$4,507$3,987$3,520$3,102$2,730$2,078
13 years$4,118$3,603$3,145$2,739$2,380$1,763
14 years$3,784$3,275$2,826$2,431$2,087$1,504
15 years$3,495$2,992$2,551$2,168$1,837$1,287
16 years$3,243$2,745$2,313$1,941$1,624$1,105
17 years$3,021$2,528$2,105$1,744$1,440$952
18 years$2,823$2,336$1,921$1,572$1,280$822
19 years$2,647$2,165$1,759$1,420$1,141$710
20 years$2,488$2,012$1,614$1,286$1,019$615
21 years$2,344$1,874$1,485$1,168$912$534
22 years$2,214$1,749$1,369$1,062$817$464
23 years$2,096$1,636$1,264$967$734$403
24 years$1,987$1,533$1,169$882$660$351
25 years$1,887$1,439$1,082$805$594$306
26 years$1,795$1,352$1,004$736$535$266
27 years$1,710$1,272$932$674$482$232
28 years$1,631$1,199$867$617$435$203
29 years$1,558$1,131$806$566$393$177
30 years$1,490$1,068$751$520$355$155
31 years$1,426$1,010$700$477$321$135
32 years$1,367$955$653$439$290$118
33 years$1,311$905$610$403$263$103
34 years$1,258$858$570$371$238$90
35 years$1,209$813$533$342$215$79
36 years$1,163$772$499$315$195$69
37 years$1,119$733$467$290$177$60
38 years$1,077$697$437$267$160$53
39 years$1,038$663$409$246$145$46
40 years$1,001$630$384$227$132$40
41 years$965$600$360$210$120$35
42 years$932$572$338$194$109$31
43 years$900$545$317$179$99$27
44 years$870$519$297$165$89$24
45 years$841$495$279$152$81$21
46 years$813$472$262$141$74$18
47 years$787$451$246$130$67$16
48 years$762$430$231$120$61$14
49 years$738$411$218$111$55$12
50 years$715$392$205$103$50$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $732,000, adding $3,241 every year, while hoping to spend $55,351 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: 41/36/23 Blend
52$732,000$732,000$732,000$732,000
53$810,007$771,211$759,865$837,617
54$833,735$750,107$726,428$836,600
55$858,028$726,114$690,015$829,984
56$882,885$699,032$650,468$821,716
57$908,303$668,649$607,624$811,675
58$934,279$634,742$561,307$799,733
59$960,803$597,072$511,339$785,755
60$987,867$555,391$457,531$769,598
61$1,015,457$509,432$399,686$751,108
62$1,043,556$458,917$337,598$730,123
63$1,072,144$403,549$271,052$706,472
64$1,101,195$343,015$199,825$679,971
65$1,130,679$276,986$123,682$650,428
66$1,160,562$205,111$42,379$617,636
67$1,190,801$127,024$0$581,377
68$1,221,349$42,333$0$552,312
69$1,252,148$0$0$531,108
70$1,283,135$0$0$526,719
71$1,314,235$0$0$539,101
72$1,345,364$0$0$551,443
73$1,376,427$0$0$563,700
74$1,407,314$0$0$575,822
75$1,437,902$0$0$587,751
76$1,468,051$0$0$599,423
77$1,497,606$0$0$610,764
78$1,526,389$0$0$621,694
79$1,554,203$0$0$632,120
80$1,580,826$0$0$641,941
81$1,606,010$0$0$651,041
82$1,629,476$0$0$659,295
83$1,650,915$0$0$666,558
84$1,669,980$0$0$672,672
85$1,686,286$0$0$677,461
86$1,699,404$0$0$680,728
87$1,708,855$0$0$682,254
88$1,714,107$0$0$681,797
89$1,714,569$0$0$679,087
90$1,709,587$0$0$673,825
91$1,698,430$0$0$665,678
92$1,680,290$0$0$654,278
93$1,654,272$0$0$639,218
94$1,619,382$0$0$620,045
95$1,574,519$0$0$596,259
96$1,518,463$0$0$567,305
97$1,449,865$0$0$532,570
98$1,367,230$0$0$491,375
99$1,268,906$0$0$442,969
100$1,153,062$0$0$386,523