Can I retire at age 53 with 733,000?

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 $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%13.7%
1 years$60,530$59,991$59,465$58,952$58,450$57,553
2 years$29,966$29,407$28,867$28,342$27,834$26,932
3 years$19,779$19,218$18,679$18,159$17,659$16,780
4 years$14,686$14,127$13,593$13,083$12,594$11,746
5 years$11,631$11,076$10,549$10,049$9,574$8,759
6 years$9,596$9,044$8,525$8,036$7,576$6,794
7 years$8,142$7,595$7,084$6,607$6,161$5,413
8 years$7,052$6,511$6,008$5,542$5,111$4,397
9 years$6,205$5,669$5,175$4,721$4,304$3,624
10 years$5,528$4,997$4,512$4,069$3,667$3,020
11 years$4,974$4,448$3,972$3,542$3,154$2,539
12 years$4,513$3,993$3,525$3,106$2,733$2,150
13 years$4,123$3,608$3,149$2,743$2,384$1,831
14 years$3,789$3,280$2,830$2,435$2,089$1,566
15 years$3,500$2,996$2,555$2,171$1,840$1,345
16 years$3,247$2,749$2,316$1,944$1,626$1,159
17 years$3,025$2,532$2,108$1,747$1,442$1,002
18 years$2,827$2,339$1,924$1,574$1,282$868
19 years$2,650$2,168$1,761$1,422$1,143$753
20 years$2,491$2,015$1,617$1,288$1,021$655
21 years$2,348$1,877$1,487$1,169$913$570
22 years$2,217$1,752$1,370$1,063$819$497
23 years$2,098$1,638$1,265$968$735$434
24 years$1,990$1,535$1,170$883$660$379
25 years$1,890$1,441$1,084$806$594$332
26 years$1,798$1,354$1,005$737$535$290
27 years$1,713$1,274$933$675$483$254
28 years$1,634$1,201$868$618$436$223
29 years$1,560$1,133$808$567$393$195
30 years$1,492$1,070$752$520$355$171
31 years$1,428$1,011$701$478$321$150
32 years$1,369$957$654$439$291$132
33 years$1,313$906$611$404$263$116
34 years$1,260$859$571$372$238$102
35 years$1,211$815$534$342$216$89
36 years$1,164$773$499$315$195$78
37 years$1,120$734$467$290$177$69
38 years$1,079$698$438$268$161$60
39 years$1,039$664$410$247$146$53
40 years$1,002$631$384$228$132$47
41 years$967$601$360$210$120$41
42 years$933$572$338$194$109$36
43 years$901$545$317$179$99$32
44 years$871$520$298$165$90$28
45 years$842$496$280$153$81$24
46 years$814$473$263$141$74$22
47 years$788$451$247$130$67$19
48 years$763$431$232$120$61$17
49 years$739$411$218$111$55$15
50 years$716$393$205$103$50$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $733,000, adding $6,409 every year, while hoping to spend $32,996 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: 47/25/28 Blend
52$733,000$733,000$733,000$733,000
53$814,377$775,528$764,166$845,855
54$862,336$778,421$754,658$871,605
55$914,081$780,351$743,726$895,825
56$969,963$781,234$731,287$921,480
57$1,030,368$780,983$717,254$948,721
58$1,095,721$779,507$701,538$977,720
59$1,166,489$776,706$684,043$1,008,663
60$1,243,183$772,477$664,671$1,041,760
61$1,326,367$766,709$643,317$1,077,246
62$1,416,663$759,284$619,874$1,115,378
63$1,514,751$750,077$594,229$1,156,445
64$1,621,383$738,958$566,262$1,200,766
65$1,737,383$725,786$535,851$1,248,697
66$1,863,659$710,413$502,865$1,300,632
67$2,001,211$692,682$467,170$1,357,008
68$2,151,138$672,427$428,624$1,418,310
69$2,314,651$649,472$387,080$1,485,077
70$2,493,081$623,632$342,383$1,557,904
71$2,687,895$594,709$294,372$1,637,454
72$2,900,706$562,496$242,879$1,724,459
73$3,133,290$526,771$187,728$1,819,730
74$3,387,605$487,302$128,736$1,924,166
75$3,665,804$443,843$65,712$2,038,765
76$3,970,258$396,133$0$2,164,626
77$4,303,578$343,897$0$2,303,434
78$4,668,641$286,845$0$2,477,056
79$5,068,611$224,670$0$2,667,400
80$5,506,977$157,047$0$2,876,185
81$5,987,580$83,633$0$3,105,311
82$6,514,649$4,067$0$3,356,874
83$7,092,844$0$0$3,633,185
84$7,727,296$0$0$3,959,364
85$8,423,659$0$0$4,318,686
86$9,188,158$0$0$4,713,257
87$10,027,652$0$0$5,146,626
88$10,949,698$0$0$5,622,707
89$11,962,617$0$0$6,145,808
90$13,075,580$0$0$6,720,677
91$14,298,688$0$0$7,352,546
92$15,643,068$0$0$8,047,175
93$17,120,982$0$0$8,810,913
94$18,745,936$0$0$9,650,755
95$20,532,812$0$0$10,574,406
96$22,498,004$0$0$11,590,357
97$24,659,579$0$0$12,707,961
98$27,037,437$0$0$13,937,526
99$29,653,508$0$0$15,290,407
100$32,531,953$0$0$16,779,117