Can I retire at age 53 with 736,000?

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 $736,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$60,778$60,237$59,709$59,193$58,690$57,248
2 years$30,088$29,528$28,985$28,458$27,947$26,504
3 years$19,860$19,297$18,755$18,233$17,731$16,330
4 years$14,746$14,185$13,649$13,136$12,646$11,299
5 years$11,679$11,121$10,592$10,090$9,613$8,324
6 years$9,635$9,081$8,560$8,069$7,607$6,377
7 years$8,175$7,627$7,113$6,634$6,186$5,016
8 years$7,081$6,537$6,033$5,565$5,132$4,020
9 years$6,231$5,692$5,196$4,740$4,322$3,268
10 years$5,551$5,017$4,530$4,086$3,683$2,685
11 years$4,995$4,467$3,988$3,556$3,167$2,225
12 years$4,532$4,009$3,539$3,119$2,745$1,856
13 years$4,140$3,623$3,162$2,754$2,393$1,556
14 years$3,805$3,293$2,841$2,444$2,098$1,311
15 years$3,515$3,008$2,565$2,180$1,847$1,108
16 years$3,261$2,760$2,326$1,952$1,633$940
17 years$3,037$2,542$2,116$1,754$1,448$799
18 years$2,838$2,349$1,932$1,581$1,287$680
19 years$2,661$2,177$1,769$1,428$1,147$581
20 years$2,501$2,023$1,623$1,293$1,025$496
21 years$2,357$1,884$1,493$1,174$917$425
22 years$2,226$1,759$1,376$1,067$822$364
23 years$2,107$1,645$1,271$972$738$312
24 years$1,998$1,541$1,175$887$663$268
25 years$1,898$1,446$1,088$810$597$230
26 years$1,805$1,359$1,009$740$538$197
27 years$1,720$1,279$937$678$485$170
28 years$1,640$1,206$871$621$437$146
29 years$1,567$1,137$811$569$395$125
30 years$1,498$1,074$755$523$357$108
31 years$1,434$1,015$704$480$323$93
32 years$1,374$961$657$441$292$80
33 years$1,318$910$613$406$264$69
34 years$1,265$862$573$373$239$59
35 years$1,216$818$536$344$217$51
36 years$1,169$776$501$316$196$44
37 years$1,125$737$469$291$178$38
38 years$1,083$701$439$269$161$33
39 years$1,044$666$412$248$146$28
40 years$1,006$634$386$228$133$24
41 years$971$603$362$211$120$21
42 years$937$575$339$195$109$18
43 years$905$548$318$180$99$16
44 years$874$522$299$166$90$13
45 years$845$498$281$153$82$12
46 years$818$475$264$141$74$10
47 years$791$453$248$131$67$9
48 years$766$433$233$121$61$7
49 years$742$413$219$112$56$6
50 years$719$395$206$103$50$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $736,000, adding $2,844 every year, while hoping to spend $49,682 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: 75/15/10 Blend
52$736,000$736,000$736,000$736,000
53$814,006$774,998$763,590$873,383
54$844,173$760,111$736,309$898,019
55$875,752$742,830$706,449$918,460
56$908,835$722,985$673,871$939,463
57$943,520$700,396$638,430$961,067
58$979,916$674,872$599,974$983,318
59$1,018,140$646,212$558,345$1,006,261
60$1,058,317$614,204$513,377$1,029,954
61$1,100,587$578,622$464,896$1,054,456
62$1,145,100$539,227$412,723$1,079,835
63$1,192,019$495,768$356,668$1,106,168
64$1,241,522$447,978$296,534$1,133,540
65$1,293,804$395,576$232,115$1,162,046
66$1,349,077$338,264$163,196$1,191,792
67$1,407,572$275,728$89,551$1,222,898
68$1,469,541$207,635$10,948$1,255,494
69$1,535,261$133,636$0$1,289,731
70$1,605,032$53,359$0$1,333,553
71$1,679,185$0$0$1,381,115
72$1,758,081$0$0$1,437,026
73$1,842,114$0$0$1,505,974
74$1,931,717$0$0$1,579,510
75$2,027,363$0$0$1,658,024
76$2,129,571$0$0$1,741,945
77$2,238,910$0$0$1,831,742
78$2,356,003$0$0$1,927,930
79$2,481,535$0$0$2,031,074
80$2,616,256$0$0$2,141,793
81$2,760,988$0$0$2,260,768
82$2,916,636$0$0$2,388,744
83$3,084,192$0$0$2,526,540
84$3,264,746$0$0$2,675,058
85$3,459,494$0$0$2,835,285
86$3,669,752$0$0$3,008,307
87$3,896,963$0$0$3,195,318
88$4,142,716$0$0$3,397,629
89$4,408,757$0$0$3,616,682
90$4,697,003$0$0$3,854,062
91$5,009,565$0$0$4,111,512
92$5,348,762$0$0$4,390,948
93$5,717,147$0$0$4,694,479
94$6,117,525$0$0$5,024,423
95$6,552,984$0$0$5,383,332
96$7,026,922$0$0$5,774,011
97$7,543,075$0$0$6,199,549
98$8,105,558$0$0$6,663,345
99$8,718,896$0$0$7,169,138
100$9,388,072$0$0$7,721,045