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%19.1%
1 years$60,448$59,909$59,384$58,871$58,371$56,233
2 years$29,925$29,367$28,827$28,304$27,796$25,665
3 years$19,752$19,192$18,653$18,134$17,635$15,579
4 years$14,666$14,108$13,575$13,065$12,577$10,612
5 years$11,616$11,061$10,535$10,035$9,561$7,692
6 years$9,583$9,032$8,513$8,025$7,565$5,793
7 years$8,131$7,585$7,075$6,598$6,153$4,477
8 years$7,043$6,502$6,000$5,535$5,104$3,523
9 years$6,197$5,661$5,168$4,714$4,298$2,810
10 years$5,520$4,990$4,505$4,064$3,662$2,265
11 years$4,967$4,442$3,966$3,537$3,150$1,839
12 years$4,507$3,987$3,520$3,102$2,730$1,503
13 years$4,118$3,603$3,145$2,739$2,380$1,234
14 years$3,784$3,275$2,826$2,431$2,087$1,018
15 years$3,495$2,992$2,551$2,168$1,837$842
16 years$3,243$2,745$2,313$1,941$1,624$698
17 years$3,021$2,528$2,105$1,744$1,440$580
18 years$2,823$2,336$1,921$1,572$1,280$483
19 years$2,647$2,165$1,759$1,420$1,141$402
20 years$2,488$2,012$1,614$1,286$1,019$336
21 years$2,344$1,874$1,485$1,168$912$281
22 years$2,214$1,749$1,369$1,062$817$235
23 years$2,096$1,636$1,264$967$734$196
24 years$1,987$1,533$1,169$882$660$164
25 years$1,887$1,439$1,082$805$594$138
26 years$1,795$1,352$1,004$736$535$115
27 years$1,710$1,272$932$674$482$97
28 years$1,631$1,199$867$617$435$81
29 years$1,558$1,131$806$566$393$68
30 years$1,490$1,068$751$520$355$57
31 years$1,426$1,010$700$477$321$48
32 years$1,367$955$653$439$290$40
33 years$1,311$905$610$403$263$34
34 years$1,258$858$570$371$238$28
35 years$1,209$813$533$342$215$24
36 years$1,163$772$499$315$195$20
37 years$1,119$733$467$290$177$17
38 years$1,077$697$437$267$160$14
39 years$1,038$663$409$246$145$12
40 years$1,001$630$384$227$132$10
41 years$965$600$360$210$120$8
42 years$932$572$338$194$109$7
43 years$900$545$317$179$99$6
44 years$870$519$297$165$89$5
45 years$841$495$279$152$81$4
46 years$813$472$262$141$74$3
47 years$787$451$246$130$67$3
48 years$762$430$231$120$61$2
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 $4,962 every year, while hoping to spend $52,871 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: 76/8/16 Blend
52$732,000$732,000$732,000$732,000
53$811,782$772,986$761,640$870,253
54$838,330$754,608$730,901$891,189
55$865,813$733,558$697,360$907,048
56$894,272$709,648$660,867$923,001
57$923,748$682,681$621,267$939,040
58$954,286$652,448$578,395$955,158
59$985,933$618,728$532,080$971,349
60$1,018,738$581,286$482,145$987,604
61$1,052,755$539,874$428,403$1,003,917
62$1,088,040$494,233$370,659$1,020,282
63$1,124,654$444,083$308,709$1,036,691
64$1,162,659$389,134$242,342$1,053,138
65$1,202,125$329,076$171,334$1,069,619
66$1,243,123$263,582$95,456$1,086,129
67$1,285,733$192,309$14,465$1,102,665
68$1,330,036$114,891$0$1,119,223
69$1,376,123$30,944$0$1,148,091
70$1,424,090$0$0$1,180,415
71$1,474,038$0$0$1,219,051
72$1,526,079$0$0$1,262,148
73$1,580,331$0$0$1,307,082
74$1,636,923$0$0$1,353,960
75$1,695,992$0$0$1,402,896
76$1,757,687$0$0$1,454,015
77$1,822,169$0$0$1,507,450
78$1,889,613$0$0$1,563,348
79$1,960,205$0$0$1,621,864
80$2,034,150$0$0$1,683,170
81$2,111,669$0$0$1,747,448
82$2,193,001$0$0$1,814,900
83$2,278,405$0$0$1,885,742
84$2,368,166$0$0$1,960,210
85$2,462,588$0$0$2,038,561
86$2,562,007$0$0$2,121,073
87$2,666,786$0$0$2,208,051
88$2,777,322$0$0$2,299,826
89$2,894,045$0$0$2,396,758
90$3,017,428$0$0$2,499,241
91$3,147,984$0$0$2,607,704
92$3,286,274$0$0$2,722,618
93$3,432,911$0$0$2,844,494
94$3,588,565$0$0$2,973,892
95$3,753,969$0$0$3,111,426
96$3,929,925$0$0$3,257,766
97$4,117,309$0$0$3,413,645
98$4,317,083$0$0$3,579,866
99$4,530,297$0$0$3,757,310
100$4,758,104$0$0$3,946,941