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%19.3%
1 years$60,696$60,155$59,627$59,113$58,610$56,418
2 years$30,047$29,488$28,945$28,420$27,909$25,727
3 years$19,833$19,271$18,730$18,209$17,707$15,601
4 years$14,726$14,166$13,630$13,118$12,629$10,617
5 years$11,663$11,106$10,578$10,076$9,600$7,687
6 years$9,622$9,069$8,548$8,058$7,596$5,783
7 years$8,164$7,616$7,104$6,625$6,178$4,464
8 years$7,072$6,528$6,025$5,557$5,125$3,509
9 years$6,222$5,684$5,189$4,734$4,316$2,795
10 years$5,543$5,010$4,524$4,081$3,678$2,250
11 years$4,988$4,460$3,983$3,551$3,163$1,825
12 years$4,525$4,003$3,535$3,115$2,741$1,489
13 years$4,134$3,618$3,158$2,750$2,390$1,221
14 years$3,800$3,289$2,837$2,441$2,095$1,005
15 years$3,510$3,004$2,562$2,177$1,845$830
16 years$3,256$2,756$2,323$1,949$1,630$688
17 years$3,033$2,538$2,113$1,751$1,446$571
18 years$2,835$2,346$1,929$1,578$1,285$474
19 years$2,657$2,174$1,766$1,426$1,146$395
20 years$2,498$2,020$1,621$1,292$1,023$329
21 years$2,354$1,882$1,491$1,172$916$274
22 years$2,223$1,756$1,374$1,066$821$229
23 years$2,104$1,643$1,269$971$737$191
24 years$1,995$1,539$1,173$885$662$160
25 years$1,895$1,444$1,087$809$596$134
26 years$1,803$1,358$1,008$739$537$112
27 years$1,717$1,278$936$677$484$94
28 years$1,638$1,204$870$620$437$78
29 years$1,565$1,136$810$569$394$66
30 years$1,496$1,073$754$522$356$55
31 years$1,432$1,014$703$479$322$46
32 years$1,372$959$656$440$291$39
33 years$1,316$909$613$405$264$32
34 years$1,264$861$572$373$239$27
35 years$1,214$817$535$343$216$23
36 years$1,167$775$501$316$196$19
37 years$1,123$736$469$291$178$16
38 years$1,082$700$439$268$161$13
39 years$1,042$665$411$247$146$11
40 years$1,005$633$385$228$132$9
41 years$969$603$361$211$120$8
42 years$936$574$339$194$109$7
43 years$904$547$318$179$99$6
44 years$873$521$298$166$90$5
45 years$844$497$280$153$82$4
46 years$817$474$263$141$74$3
47 years$790$452$247$131$67$3
48 years$765$432$232$121$61$2
49 years$741$412$218$111$55$2
50 years$718$394$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $735,000, adding $6,964 every year, while hoping to spend $21,817 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: 74/12/14 Blend
52$735,000$735,000$735,000$735,000
53$817,153$778,198$766,806$874,663
54$877,290$793,117$769,281$928,555
55$942,829$808,035$771,107$984,206
56$1,014,299$822,931$772,241$1,044,592
57$1,092,281$837,778$772,634$1,110,178
58$1,177,415$852,550$772,238$1,181,474
59$1,270,404$867,218$771,002$1,259,043
60$1,372,024$881,750$768,869$1,343,507
61$1,483,129$896,115$765,785$1,435,549
62$1,604,659$910,274$761,689$1,535,921
63$1,737,647$924,191$756,518$1,645,454
64$1,883,233$937,822$750,208$1,765,063
65$2,042,672$951,125$742,689$1,895,755
66$2,217,345$964,050$733,889$2,038,640
67$2,408,774$976,548$723,734$2,194,941
68$2,618,634$988,565$712,145$2,366,008
69$2,848,771$1,000,041$699,038$2,553,326
70$3,101,218$1,010,915$684,328$2,758,532
71$3,378,214$1,021,121$667,925$2,983,431
72$3,682,224$1,030,589$649,733$3,230,011
73$4,015,965$1,039,242$629,653$3,500,464
74$4,382,430$1,047,001$607,583$3,797,206
75$4,784,914$1,053,781$583,413$4,122,897
76$5,227,050$1,059,490$557,032$4,480,472
77$5,712,837$1,064,033$528,320$4,873,163
78$6,246,681$1,067,306$497,154$5,304,534
79$6,833,439$1,069,200$463,405$5,778,511
80$7,478,458$1,069,599$426,937$6,299,421
81$8,187,631$1,068,380$387,610$6,872,035
82$8,967,451$1,065,412$345,277$7,501,609
83$9,825,070$1,060,556$299,782$8,193,936
84$10,768,368$1,053,664$250,966$8,955,401
85$11,806,029$1,044,581$198,661$9,793,041
86$12,947,619$1,033,141$142,691$10,714,611
87$14,203,678$1,019,167$82,873$11,728,657
88$15,585,820$1,002,473$19,017$12,844,601
89$17,106,842$982,863$0$14,072,824
90$18,780,843$960,126$0$15,432,106
91$20,623,360$934,043$0$16,931,226
92$22,651,509$904,377$0$18,581,272
93$24,884,153$870,882$0$20,397,593
94$27,342,076$833,294$0$22,397,105
95$30,048,179$791,337$0$24,598,448
96$33,027,696$744,716$0$27,022,163
97$36,308,435$693,120$0$29,690,887
98$39,921,033$636,222$0$32,629,564
99$43,899,255$573,673$0$35,865,683
100$48,280,303$505,107$0$39,429,536