Can I retire at age 53 with 735,000?

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 $735,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$60,696$60,155$59,627$59,113$58,610$57,782
2 years$30,047$29,488$28,945$28,420$27,909$27,077
3 years$19,833$19,271$18,730$18,209$17,707$16,895
4 years$14,726$14,166$13,630$13,118$12,629$11,845
5 years$11,663$11,106$10,578$10,076$9,600$8,846
6 years$9,622$9,069$8,548$8,058$7,596$6,873
7 years$8,164$7,616$7,104$6,625$6,178$5,485
8 years$7,072$6,528$6,025$5,557$5,125$4,464
9 years$6,222$5,684$5,189$4,734$4,316$3,685
10 years$5,543$5,010$4,524$4,081$3,678$3,077
11 years$4,988$4,460$3,983$3,551$3,163$2,591
12 years$4,525$4,003$3,535$3,115$2,741$2,198
13 years$4,134$3,618$3,158$2,750$2,390$1,876
14 years$3,800$3,289$2,837$2,441$2,095$1,608
15 years$3,510$3,004$2,562$2,177$1,845$1,384
16 years$3,256$2,756$2,323$1,949$1,630$1,195
17 years$3,033$2,538$2,113$1,751$1,446$1,035
18 years$2,835$2,346$1,929$1,578$1,285$899
19 years$2,657$2,174$1,766$1,426$1,146$782
20 years$2,498$2,020$1,621$1,292$1,023$681
21 years$2,354$1,882$1,491$1,172$916$594
22 years$2,223$1,756$1,374$1,066$821$520
23 years$2,104$1,643$1,269$971$737$455
24 years$1,995$1,539$1,173$885$662$398
25 years$1,895$1,444$1,087$809$596$349
26 years$1,803$1,358$1,008$739$537$306
27 years$1,717$1,278$936$677$484$269
28 years$1,638$1,204$870$620$437$236
29 years$1,565$1,136$810$569$394$207
30 years$1,496$1,073$754$522$356$182
31 years$1,432$1,014$703$479$322$160
32 years$1,372$959$656$440$291$141
33 years$1,316$909$613$405$264$124
34 years$1,264$861$572$373$239$109
35 years$1,214$817$535$343$216$96
36 years$1,167$775$501$316$196$85
37 years$1,123$736$469$291$178$75
38 years$1,082$700$439$268$161$66
39 years$1,042$665$411$247$146$58
40 years$1,005$633$385$228$132$51
41 years$969$603$361$211$120$45
42 years$936$574$339$194$109$40
43 years$904$547$318$179$99$35
44 years$873$521$298$166$90$31
45 years$844$497$280$153$82$27
46 years$817$474$263$141$74$24
47 years$790$452$247$131$67$21
48 years$765$432$232$121$61$19
49 years$741$412$218$111$55$16
50 years$718$394$205$103$50$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $735,000, adding $4,370 every year, while hoping to spend $47,089 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: 48/31/21 Blend
52$735,000$735,000$735,000$735,000
53$814,478$775,523$764,130$848,540
54$847,452$763,421$739,626$860,616
55$882,212$749,148$712,723$868,635
56$918,889$732,548$683,291$876,365
57$957,628$713,455$651,193$883,801
58$998,586$691,694$616,289$890,938
59$1,041,935$667,081$578,428$897,774
60$1,087,863$639,418$537,456$904,311
61$1,136,575$608,499$493,210$910,556
62$1,188,294$574,105$445,521$916,518
63$1,243,266$536,002$394,212$922,213
64$1,301,759$493,945$339,098$927,664
65$1,364,065$447,676$279,985$932,899
66$1,430,508$396,920$216,672$937,956
67$1,501,437$341,387$148,949$942,881
68$1,577,240$280,771$76,594$947,730
69$1,658,338$214,748$0$952,573
70$1,745,195$142,977$0$957,631
71$1,838,319$65,097$0$981,186
72$1,938,268$0$0$1,006,228
73$2,045,653$0$0$1,039,526
74$2,161,147$0$0$1,099,277
75$2,285,487$0$0$1,163,665
76$2,419,482$0$0$1,233,118
77$2,564,022$0$0$1,308,103
78$2,720,085$0$0$1,389,137
79$2,888,743$0$0$1,476,785
80$3,071,178$0$0$1,571,672
81$3,268,687$0$0$1,674,481
82$3,482,695$0$0$1,785,965
83$3,714,771$0$0$1,906,953
84$3,966,640$0$0$2,038,354
85$4,240,197$0$0$2,181,169
86$4,537,529$0$0$2,336,502
87$4,860,931$0$0$2,505,563
88$5,212,929$0$0$2,689,687
89$5,596,300$0$0$2,890,341
90$6,014,101$0$0$3,109,140
91$6,469,699$0$0$3,347,863
92$6,966,795$0$0$3,608,465
93$7,509,467$0$0$3,893,101
94$8,102,201$0$0$4,204,141
95$8,749,937$0$0$4,544,197
96$9,458,114$0$0$4,916,143
97$10,232,718$0$0$5,323,143
98$11,080,343$0$0$5,768,682
99$12,008,249$0$0$6,256,597
100$13,024,428$0$0$6,791,114