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%18.8%
1 years$60,778$60,237$59,709$59,193$58,690$56,607
2 years$30,088$29,528$28,985$28,458$27,947$25,872
3 years$19,860$19,297$18,755$18,233$17,731$15,727
4 years$14,746$14,185$13,649$13,136$12,646$10,729
5 years$11,679$11,121$10,592$10,090$9,613$7,789
6 years$9,635$9,081$8,560$8,069$7,607$5,876
7 years$8,175$7,627$7,113$6,634$6,186$4,548
8 years$7,081$6,537$6,033$5,565$5,132$3,586
9 years$6,231$5,692$5,196$4,740$4,322$2,866
10 years$5,551$5,017$4,530$4,086$3,683$2,314
11 years$4,995$4,467$3,988$3,556$3,167$1,883
12 years$4,532$4,009$3,539$3,119$2,745$1,542
13 years$4,140$3,623$3,162$2,754$2,393$1,269
14 years$3,805$3,293$2,841$2,444$2,098$1,048
15 years$3,515$3,008$2,565$2,180$1,847$869
16 years$3,261$2,760$2,326$1,952$1,633$722
17 years$3,037$2,542$2,116$1,754$1,448$601
18 years$2,838$2,349$1,932$1,581$1,287$502
19 years$2,661$2,177$1,769$1,428$1,147$419
20 years$2,501$2,023$1,623$1,293$1,025$351
21 years$2,357$1,884$1,493$1,174$917$294
22 years$2,226$1,759$1,376$1,067$822$246
23 years$2,107$1,645$1,271$972$738$206
24 years$1,998$1,541$1,175$887$663$173
25 years$1,898$1,446$1,088$810$597$145
26 years$1,805$1,359$1,009$740$538$122
27 years$1,720$1,279$937$678$485$103
28 years$1,640$1,206$871$621$437$86
29 years$1,567$1,137$811$569$395$72
30 years$1,498$1,074$755$523$357$61
31 years$1,434$1,015$704$480$323$51
32 years$1,374$961$657$441$292$43
33 years$1,318$910$613$406$264$36
34 years$1,265$862$573$373$239$31
35 years$1,216$818$536$344$217$26
36 years$1,169$776$501$316$196$22
37 years$1,125$737$469$291$178$18
38 years$1,083$701$439$269$161$15
39 years$1,044$666$412$248$146$13
40 years$1,006$634$386$228$133$11
41 years$971$603$362$211$120$9
42 years$937$575$339$195$109$8
43 years$905$548$318$180$99$6
44 years$874$522$299$166$90$5
45 years$845$498$281$153$82$5
46 years$818$475$264$141$74$4
47 years$791$453$248$131$67$3
48 years$766$433$233$121$61$3
49 years$742$413$219$112$56$2
50 years$719$395$206$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $736,000, adding $6,286 every year, while hoping to spend $48,146 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: 66/12/22 Blend
52$736,000$736,000$736,000$736,000
53$817,556$778,548$767,140$866,531
54$849,720$765,470$741,612$887,123
55$883,551$750,137$713,616$903,563
56$919,168$732,389$683,017$920,411
57$956,701$712,054$649,676$937,707
58$996,291$688,952$613,447$955,500
59$1,038,093$662,890$574,178$973,841
60$1,082,274$633,668$531,708$992,792
61$1,129,019$601,070$485,873$1,012,422
62$1,178,526$564,870$436,497$1,032,807
63$1,231,015$524,828$383,399$1,054,037
64$1,286,724$480,690$326,389$1,076,209
65$1,345,916$432,190$265,268$1,099,435
66$1,408,875$379,043$199,831$1,123,841
67$1,475,915$320,951$129,860$1,149,567
68$1,547,378$257,597$55,130$1,176,772
69$1,623,640$188,648$0$1,205,633
70$1,705,110$113,751$0$1,242,128
71$1,792,240$32,534$0$1,294,886
72$1,885,524$0$0$1,351,263
73$1,985,502$0$0$1,418,914
74$2,092,769$0$0$1,496,139
75$2,207,977$0$0$1,579,114
76$2,331,841$0$0$1,668,359
77$2,465,147$0$0$1,764,444
78$2,608,757$0$0$1,867,996
79$2,763,618$0$0$1,979,704
80$2,930,771$0$0$2,100,322
81$3,111,360$0$0$2,230,683
82$3,306,641$0$0$2,371,698
83$3,517,994$0$0$2,524,371
84$3,746,940$0$0$2,689,806
85$3,995,146$0$0$2,869,216
86$4,264,449$0$0$3,063,934
87$4,556,868$0$0$3,275,429
88$4,874,623$0$0$3,505,314
89$5,220,156$0$0$3,755,365
90$5,596,157$0$0$4,027,534
91$6,005,581$0$0$4,323,973
92$6,451,682$0$0$4,647,045
93$6,938,043$0$0$4,999,355
94$7,468,603$0$0$5,383,767
95$8,047,701$0$0$5,803,435
96$8,680,112$0$0$6,261,831
97$9,371,093$0$0$6,762,777
98$10,126,430$0$0$7,310,479
99$10,952,496$0$0$7,909,571
100$11,856,305$0$0$8,565,153