Can I retire at age 53 with 733,000?

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 $733,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$60,530$59,991$59,465$58,952$58,450$57,768
2 years$29,966$29,407$28,867$28,342$27,834$27,147
3 years$19,779$19,218$18,679$18,159$17,659$16,989
4 years$14,686$14,127$13,593$13,083$12,594$11,946
5 years$11,631$11,076$10,549$10,049$9,574$8,950
6 years$9,596$9,044$8,525$8,036$7,576$6,976
7 years$8,142$7,595$7,084$6,607$6,161$5,586
8 years$7,052$6,511$6,008$5,542$5,111$4,561
9 years$6,205$5,669$5,175$4,721$4,304$3,779
10 years$5,528$4,997$4,512$4,069$3,667$3,167
11 years$4,974$4,448$3,972$3,542$3,154$2,677
12 years$4,513$3,993$3,525$3,106$2,733$2,280
13 years$4,123$3,608$3,149$2,743$2,384$1,953
14 years$3,789$3,280$2,830$2,435$2,089$1,681
15 years$3,500$2,996$2,555$2,171$1,840$1,453
16 years$3,247$2,749$2,316$1,944$1,626$1,260
17 years$3,025$2,532$2,108$1,747$1,442$1,096
18 years$2,827$2,339$1,924$1,574$1,282$955
19 years$2,650$2,168$1,761$1,422$1,143$835
20 years$2,491$2,015$1,617$1,288$1,021$731
21 years$2,348$1,877$1,487$1,169$913$640
22 years$2,217$1,752$1,370$1,063$819$562
23 years$2,098$1,638$1,265$968$735$494
24 years$1,990$1,535$1,170$883$660$435
25 years$1,890$1,441$1,084$806$594$383
26 years$1,798$1,354$1,005$737$535$337
27 years$1,713$1,274$933$675$483$298
28 years$1,634$1,201$868$618$436$263
29 years$1,560$1,133$808$567$393$232
30 years$1,492$1,070$752$520$355$205
31 years$1,428$1,011$701$478$321$181
32 years$1,369$957$654$439$291$160
33 years$1,313$906$611$404$263$142
34 years$1,260$859$571$372$238$125
35 years$1,211$815$534$342$216$111
36 years$1,164$773$499$315$195$98
37 years$1,120$734$467$290$177$87
38 years$1,079$698$438$268$161$77
39 years$1,039$664$410$247$146$68
40 years$1,002$631$384$228$132$60
41 years$967$601$360$210$120$53
42 years$933$572$338$194$109$47
43 years$901$545$317$179$99$42
44 years$871$520$298$165$90$37
45 years$842$496$280$153$81$33
46 years$814$473$263$141$74$29
47 years$788$451$247$130$67$26
48 years$763$431$232$120$61$23
49 years$739$411$218$111$55$20
50 years$716$393$205$103$50$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $733,000, adding $5,112 every year, while hoping to spend $21,274 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: 43/27/30 Blend
52$733,000$733,000$733,000$733,000
53$813,039$774,190$762,829$840,701
54$873,334$789,490$765,748$876,385
55$939,065$804,827$768,052$912,639
56$1,010,766$820,179$769,698$951,523
57$1,089,022$835,526$770,640$993,295
58$1,174,477$850,841$770,832$1,038,238
59$1,267,841$866,100$770,222$1,086,667
60$1,369,896$881,274$768,760$1,138,927
61$1,481,502$896,333$766,390$1,195,400
62$1,603,606$911,244$763,054$1,256,509
63$1,737,250$925,971$758,693$1,322,718
64$1,883,584$940,478$753,243$1,394,542
65$2,043,871$954,723$746,639$1,472,548
66$2,219,505$968,663$738,810$1,557,362
67$2,412,018$982,252$729,685$1,649,675
68$2,623,101$995,440$719,186$1,750,251
69$2,854,614$1,008,173$707,236$1,859,931
70$3,108,606$1,020,395$693,749$1,979,644
71$3,387,334$1,032,044$678,640$2,110,415
72$3,693,284$1,043,056$661,816$2,253,377
73$4,029,195$1,053,362$643,183$2,409,777
74$4,398,084$1,062,887$622,640$2,580,993
75$4,803,273$1,071,554$600,084$2,768,546
76$5,248,424$1,079,277$575,404$2,974,113
77$5,737,570$1,085,968$548,486$3,199,543
78$6,275,154$1,091,532$519,212$3,446,880
79$6,866,070$1,095,868$487,456$3,718,374
80$7,515,712$1,098,868$453,089$4,016,511
81$8,230,020$1,100,418$415,972$4,344,032
82$9,015,540$1,100,396$375,966$4,703,959
83$9,879,484$1,098,675$332,919$5,099,627
84$10,829,797$1,095,116$286,678$5,534,716
85$11,875,235$1,089,575$237,081$6,013,281
86$13,025,442$1,081,898$183,956$6,539,798
87$14,291,048$1,071,921$127,129$7,119,201
88$15,683,760$1,059,470$66,413$7,756,934
89$17,216,483$1,044,364$1,617$8,458,999
90$18,903,432$1,026,405$0$9,232,014
91$20,760,272$1,005,389$0$10,104,897
92$22,804,264$981,097$0$11,066,037
93$25,054,425$953,298$0$12,123,862
94$27,531,714$921,746$0$13,288,233
95$30,259,220$886,184$0$14,570,018
96$33,262,389$846,335$0$15,981,196
97$36,569,259$801,911$0$17,534,970
98$40,210,723$752,605$0$19,245,892
99$44,220,826$698,092$0$21,130,001
100$48,637,080$638,029$0$23,204,977