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%11.7%
1 years$60,530$59,991$59,465$58,952$58,450$58,033
2 years$29,966$29,407$28,867$28,342$27,834$27,413
3 years$19,779$19,218$18,679$18,159$17,659$17,248
4 years$14,686$14,127$13,593$13,083$12,594$12,196
5 years$11,631$11,076$10,549$10,049$9,574$9,190
6 years$9,596$9,044$8,525$8,036$7,576$7,206
7 years$8,142$7,595$7,084$6,607$6,161$5,806
8 years$7,052$6,511$6,008$5,542$5,111$4,770
9 years$6,205$5,669$5,175$4,721$4,304$3,978
10 years$5,528$4,997$4,512$4,069$3,667$3,355
11 years$4,974$4,448$3,972$3,542$3,154$2,856
12 years$4,513$3,993$3,525$3,106$2,733$2,449
13 years$4,123$3,608$3,149$2,743$2,384$2,113
14 years$3,789$3,280$2,830$2,435$2,089$1,832
15 years$3,500$2,996$2,555$2,171$1,840$1,595
16 years$3,247$2,749$2,316$1,944$1,626$1,393
17 years$3,025$2,532$2,108$1,747$1,442$1,221
18 years$2,827$2,339$1,924$1,574$1,282$1,073
19 years$2,650$2,168$1,761$1,422$1,143$945
20 years$2,491$2,015$1,617$1,288$1,021$834
21 years$2,348$1,877$1,487$1,169$913$737
22 years$2,217$1,752$1,370$1,063$819$652
23 years$2,098$1,638$1,265$968$735$578
24 years$1,990$1,535$1,170$883$660$513
25 years$1,890$1,441$1,084$806$594$456
26 years$1,798$1,354$1,005$737$535$405
27 years$1,713$1,274$933$675$483$360
28 years$1,634$1,201$868$618$436$321
29 years$1,560$1,133$808$567$393$286
30 years$1,492$1,070$752$520$355$255
31 years$1,428$1,011$701$478$321$227
32 years$1,369$957$654$439$291$203
33 years$1,313$906$611$404$263$181
34 years$1,260$859$571$372$238$162
35 years$1,211$815$534$342$216$144
36 years$1,164$773$499$315$195$129
37 years$1,120$734$467$290$177$115
38 years$1,079$698$438$268$161$103
39 years$1,039$664$410$247$146$92
40 years$1,002$631$384$228$132$82
41 years$967$601$360$210$120$74
42 years$933$572$338$194$109$66
43 years$901$545$317$179$99$59
44 years$871$520$298$165$90$53
45 years$842$496$280$153$81$47
46 years$814$473$263$141$74$42
47 years$788$451$247$130$67$38
48 years$763$431$232$120$61$34
49 years$739$411$218$111$55$30
50 years$716$393$205$103$50$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $733,000, adding $6,676 every year, while hoping to spend $32,828 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: 74/14/12 Blend
52$733,000$733,000$733,000$733,000
53$814,652$775,803$764,442$872,478
54$862,818$778,889$755,122$914,665
55$914,797$781,025$744,389$956,130
56$970,942$782,132$732,163$1,000,660
57$1,031,643$782,122$718,355$1,048,548
58$1,097,329$780,904$702,878$1,100,119
59$1,168,469$778,380$685,637$1,155,731
60$1,245,580$774,448$666,533$1,215,778
61$1,329,231$768,998$645,464$1,280,695
62$1,420,048$761,915$622,323$1,350,962
63$1,518,718$753,074$596,996$1,427,108
64$1,625,998$742,345$569,366$1,509,716
65$1,742,720$729,590$539,310$1,599,429
66$1,869,800$714,662$506,699$1,696,957
67$2,008,246$697,407$471,400$1,803,083
68$2,159,167$677,660$433,271$1,918,670
69$2,323,783$655,246$392,167$2,044,668
70$2,503,439$629,983$347,934$2,182,129
71$2,699,611$601,674$300,412$2,332,209
72$2,913,930$570,114$249,434$2,496,185
73$3,148,186$535,085$194,825$2,675,465
74$3,404,352$496,356$136,403$2,871,602
75$3,684,602$453,683$73,979$3,086,308
76$3,991,327$406,809$7,352$3,321,471
77$4,327,161$355,461$0$3,579,175
78$4,695,005$299,352$0$3,869,877
79$5,098,053$238,178$0$4,189,483
80$5,539,823$171,617$0$4,539,872
81$6,024,189$99,330$0$4,924,154
82$6,555,418$20,959$0$5,345,756
83$7,138,211$0$0$5,808,454
84$7,777,743$0$0$6,326,252
85$8,479,719$0$0$6,898,185
86$9,250,418$0$0$7,526,143
87$10,096,761$0$0$8,215,771
88$11,026,368$0$0$8,973,282
89$12,047,637$0$0$9,805,524
90$13,169,818$0$0$10,720,039
91$14,403,101$0$0$11,725,137
92$15,758,713$0$0$12,829,971
93$17,249,022$0$0$14,044,629
94$18,887,654$0$0$15,380,220
95$20,689,622$0$0$16,848,987
96$22,671,467$0$0$18,464,418
97$24,851,413$0$0$20,241,373
98$27,249,538$0$0$22,196,226
99$29,887,965$0$0$24,347,016
100$32,791,070$0$0$26,713,620