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%17.9%
1 years$60,530$59,991$59,465$58,952$58,450$56,579
2 years$29,966$29,407$28,867$28,342$27,834$25,966
3 years$19,779$19,218$18,679$18,159$17,659$15,853
4 years$14,686$14,127$13,593$13,083$12,594$10,864
5 years$11,631$11,076$10,549$10,049$9,574$7,924
6 years$9,596$9,044$8,525$8,036$7,576$6,007
7 years$8,142$7,595$7,084$6,607$6,161$4,674
8 years$7,052$6,511$6,008$5,542$5,111$3,705
9 years$6,205$5,669$5,175$4,721$4,304$2,977
10 years$5,528$4,997$4,512$4,069$3,667$2,417
11 years$4,974$4,448$3,972$3,542$3,154$1,979
12 years$4,513$3,993$3,525$3,106$2,733$1,630
13 years$4,123$3,608$3,149$2,743$2,384$1,349
14 years$3,789$3,280$2,830$2,435$2,089$1,122
15 years$3,500$2,996$2,555$2,171$1,840$936
16 years$3,247$2,749$2,316$1,944$1,626$783
17 years$3,025$2,532$2,108$1,747$1,442$656
18 years$2,827$2,339$1,924$1,574$1,282$551
19 years$2,650$2,168$1,761$1,422$1,143$464
20 years$2,491$2,015$1,617$1,288$1,021$391
21 years$2,348$1,877$1,487$1,169$913$329
22 years$2,217$1,752$1,370$1,063$819$278
23 years$2,098$1,638$1,265$968$735$235
24 years$1,990$1,535$1,170$883$660$198
25 years$1,890$1,441$1,084$806$594$168
26 years$1,798$1,354$1,005$737$535$142
27 years$1,713$1,274$933$675$483$120
28 years$1,634$1,201$868$618$436$102
29 years$1,560$1,133$808$567$393$86
30 years$1,492$1,070$752$520$355$73
31 years$1,428$1,011$701$478$321$62
32 years$1,369$957$654$439$291$52
33 years$1,313$906$611$404$263$44
34 years$1,260$859$571$372$238$38
35 years$1,211$815$534$342$216$32
36 years$1,164$773$499$315$195$27
37 years$1,120$734$467$290$177$23
38 years$1,079$698$438$268$161$19
39 years$1,039$664$410$247$146$16
40 years$1,002$631$384$228$132$14
41 years$967$601$360$210$120$12
42 years$933$572$338$194$109$10
43 years$901$545$317$179$99$9
44 years$871$520$298$165$90$7
45 years$842$496$280$153$81$6
46 years$814$473$263$141$74$5
47 years$788$451$247$130$67$4
48 years$763$431$232$120$61$4
49 years$739$411$218$111$55$3
50 years$716$393$205$103$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $733,000, adding $3,787 every year, while hoping to spend $36,196 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: 56/23/21 Blend
52$733,000$733,000$733,000$733,000
53$811,672$772,823$761,462$852,328
54$855,951$772,179$748,458$879,874
55$903,532$770,291$733,806$905,694
56$954,716$767,058$717,412$933,037
57$1,009,829$762,377$699,178$962,059
58$1,069,233$756,134$679,002$992,933
59$1,133,322$748,212$656,776$1,025,852
60$1,202,532$738,486$632,389$1,061,031
61$1,277,340$726,821$605,724$1,098,705
62$1,358,271$713,078$576,658$1,139,139
63$1,445,903$697,107$545,064$1,182,625
64$1,540,869$678,749$510,807$1,229,487
65$1,643,868$657,838$473,749$1,280,086
66$1,755,665$634,195$433,743$1,334,820
67$1,877,107$607,634$390,637$1,394,133
68$2,009,119$577,956$344,271$1,458,514
69$2,152,724$544,951$294,479$1,528,507
70$2,309,046$508,396$241,087$1,604,715
71$2,479,319$468,058$183,915$1,687,803
72$2,664,905$423,689$122,771$1,778,511
73$2,867,300$375,025$57,459$1,877,658
74$3,088,153$321,789$0$1,986,147
75$3,329,277$263,689$0$2,107,724
76$3,592,669$200,416$0$2,254,673
77$3,880,527$131,642$0$2,415,383
78$4,195,271$57,022$0$2,591,263
79$4,539,565$0$0$2,783,870
80$4,916,343$0$0$3,000,947
81$5,328,835$0$0$3,254,464
82$5,780,598$0$0$3,532,183
83$6,275,550$0$0$3,836,521
84$6,818,005$0$0$4,170,139
85$7,412,715$0$0$4,535,968
86$8,064,912$0$0$4,937,238
87$8,780,361$0$0$5,377,502
88$9,565,409$0$0$5,860,678
89$10,427,050$0$0$6,391,081
90$11,372,986$0$0$6,973,462
91$12,411,703$0$0$7,613,056
92$13,552,547$0$0$8,315,630
93$14,805,815$0$0$9,087,538
94$16,182,850$0$0$9,935,776
95$17,696,147$0$0$10,868,057
96$19,359,475$0$0$11,892,873
97$21,187,999$0$0$13,019,583
98$23,198,429$0$0$14,258,497
99$25,409,175$0$0$15,620,974
100$27,840,518$0$0$17,119,530