Can I retire at age 53 with 732,000?

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 $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%18.6%
1 years$60,448$59,909$59,384$58,871$58,371$56,345
2 years$29,925$29,367$28,827$28,304$27,796$25,775
3 years$19,752$19,192$18,653$18,134$17,635$15,684
4 years$14,666$14,108$13,575$13,065$12,577$10,710
5 years$11,616$11,061$10,535$10,035$9,561$7,783
6 years$9,583$9,032$8,513$8,025$7,565$5,878
7 years$8,131$7,585$7,075$6,598$6,153$4,555
8 years$7,043$6,502$6,000$5,535$5,104$3,596
9 years$6,197$5,661$5,168$4,714$4,298$2,877
10 years$5,520$4,990$4,505$4,064$3,662$2,326
11 years$4,967$4,442$3,966$3,537$3,150$1,895
12 years$4,507$3,987$3,520$3,102$2,730$1,554
13 years$4,118$3,603$3,145$2,739$2,380$1,280
14 years$3,784$3,275$2,826$2,431$2,087$1,059
15 years$3,495$2,992$2,551$2,168$1,837$879
16 years$3,243$2,745$2,313$1,941$1,624$732
17 years$3,021$2,528$2,105$1,744$1,440$610
18 years$2,823$2,336$1,921$1,572$1,280$510
19 years$2,647$2,165$1,759$1,420$1,141$427
20 years$2,488$2,012$1,614$1,286$1,019$357
21 years$2,344$1,874$1,485$1,168$912$300
22 years$2,214$1,749$1,369$1,062$817$252
23 years$2,096$1,636$1,264$967$734$211
24 years$1,987$1,533$1,169$882$660$178
25 years$1,887$1,439$1,082$805$594$149
26 years$1,795$1,352$1,004$736$535$126
27 years$1,710$1,272$932$674$482$106
28 years$1,631$1,199$867$617$435$89
29 years$1,558$1,131$806$566$393$75
30 years$1,490$1,068$751$520$355$63
31 years$1,426$1,010$700$477$321$53
32 years$1,367$955$653$439$290$45
33 years$1,311$905$610$403$263$38
34 years$1,258$858$570$371$238$32
35 years$1,209$813$533$342$215$27
36 years$1,163$772$499$315$195$23
37 years$1,119$733$467$290$177$19
38 years$1,077$697$437$267$160$16
39 years$1,038$663$409$246$145$14
40 years$1,001$630$384$227$132$11
41 years$965$600$360$210$120$10
42 years$932$572$338$194$109$8
43 years$900$545$317$179$99$7
44 years$870$519$297$165$89$6
45 years$841$495$279$152$81$5
46 years$813$472$262$141$74$4
47 years$787$451$246$130$67$3
48 years$762$430$231$120$61$3
49 years$738$411$218$111$55$2
50 years$715$392$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $732,000, adding $5,875 every year, while hoping to spend $46,048 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: 73/16/11 Blend
52$732,000$732,000$732,000$732,000
53$812,724$773,928$762,582$869,873
54$846,627$762,856$739,134$897,357
55$882,445$749,698$713,357$921,165
56$920,325$734,303$685,124$945,980
57$960,426$716,512$654,304$971,891
58$1,002,923$696,155$620,757$998,994
59$1,048,008$673,053$584,339$1,027,396
60$1,095,890$647,018$544,899$1,057,216
61$1,146,796$617,847$502,279$1,088,587
62$1,200,977$585,330$456,314$1,121,655
63$1,258,707$549,241$406,831$1,156,584
64$1,320,286$509,344$353,649$1,193,554
65$1,386,040$465,387$296,582$1,232,767
66$1,456,331$417,106$235,432$1,274,444
67$1,531,552$364,220$169,995$1,318,834
68$1,612,136$306,432$100,055$1,366,209
69$1,698,557$243,431$25,390$1,416,874
70$1,791,336$174,885$0$1,471,165
71$1,891,043$100,445$0$1,535,828
72$1,998,305$19,743$0$1,608,499
73$2,113,811$0$0$1,686,682
74$2,238,317$0$0$1,782,822
75$2,372,652$0$0$1,890,328
76$2,517,730$0$0$2,006,458
77$2,674,552$0$0$2,132,018
78$2,844,220$0$0$2,267,894
79$3,027,945$0$0$2,415,058
80$3,227,059$0$0$2,574,582
81$3,443,027$0$0$2,747,644
82$3,677,457$0$0$2,935,536
83$3,932,122$0$0$3,139,685
84$4,208,968$0$0$3,361,655
85$4,510,140$0$0$3,603,170
86$4,837,994$0$0$3,866,127
87$5,195,127$0$0$4,152,611
88$5,584,391$0$0$4,464,919
89$6,008,931$0$0$4,805,578
90$6,472,204$0$0$5,177,369
91$6,978,017$0$0$5,583,354
92$7,530,562$0$0$6,026,903
93$8,134,450$0$0$6,511,726
94$8,794,762$0$0$7,041,909
95$9,517,089$0$0$7,621,950
96$10,307,590$0$0$8,256,799
97$11,173,044$0$0$8,951,912
98$12,120,918$0$0$9,713,294
99$13,159,435$0$0$10,547,557
100$14,297,648$0$0$11,461,986