Can I retire at age 53 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$60,861$60,319$59,790$59,274$58,769$58,059
2 years$30,129$29,568$29,024$28,497$27,985$27,271
3 years$19,887$19,323$18,781$18,258$17,755$17,058
4 years$14,766$14,204$13,667$13,154$12,663$11,989
5 years$11,695$11,136$10,606$10,104$9,626$8,977
6 years$9,648$9,094$8,572$8,080$7,617$6,994
7 years$8,187$7,637$7,123$6,643$6,195$5,597
8 years$7,091$6,546$6,041$5,573$5,139$4,568
9 years$6,239$5,700$5,203$4,747$4,328$3,782
10 years$5,558$5,024$4,536$4,092$3,688$3,167
11 years$5,001$4,473$3,994$3,561$3,171$2,676
12 years$4,538$4,014$3,544$3,123$2,748$2,277
13 years$4,146$3,628$3,166$2,758$2,397$1,949
14 years$3,810$3,298$2,845$2,448$2,101$1,677
15 years$3,519$3,012$2,569$2,183$1,850$1,448
16 years$3,265$2,764$2,329$1,955$1,635$1,255
17 years$3,041$2,545$2,119$1,756$1,449$1,091
18 years$2,842$2,352$1,935$1,583$1,289$950
19 years$2,665$2,180$1,771$1,430$1,149$830
20 years$2,505$2,026$1,625$1,295$1,026$726
21 years$2,360$1,887$1,495$1,176$918$636
22 years$2,229$1,761$1,378$1,069$823$558
23 years$2,110$1,647$1,272$973$739$490
24 years$2,001$1,543$1,177$888$664$431
25 years$1,900$1,448$1,090$811$598$379
26 years$1,808$1,361$1,011$741$538$334
27 years$1,722$1,281$939$679$485$294
28 years$1,643$1,207$872$622$438$259
29 years$1,569$1,139$812$570$395$229
30 years$1,500$1,075$756$523$357$202
31 years$1,436$1,017$705$481$323$178
32 years$1,376$962$658$442$292$158
33 years$1,320$911$614$406$264$139
34 years$1,267$863$574$374$239$123
35 years$1,217$819$537$344$217$109
36 years$1,171$777$502$317$196$96
37 years$1,126$738$470$292$178$85
38 years$1,085$702$440$269$161$75
39 years$1,045$667$412$248$146$67
40 years$1,008$635$386$229$133$59
41 years$972$604$362$211$120$52
42 years$938$575$340$195$109$46
43 years$906$548$319$180$99$41
44 years$876$523$299$166$90$36
45 years$847$498$281$153$82$32
46 years$819$475$264$142$74$28
47 years$792$454$248$131$67$25
48 years$767$433$233$121$61$22
49 years$743$414$219$112$56$20
50 years$720$395$206$103$50$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $737,000, adding $3,982 every year, while hoping to spend $37,836 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: 60/12/28 Blend
52$737,000$737,000$737,000$737,000
53$816,281$777,220$765,797$858,854
54$859,285$775,047$751,194$886,181
55$905,407$771,499$734,834$911,592
56$954,925$766,469$716,617$938,529
57$1,008,145$759,843$696,441$967,149
58$1,065,401$751,501$674,198$997,626
59$1,127,062$741,315$649,773$1,030,156
60$1,193,531$729,149$623,050$1,064,954
61$1,265,253$714,859$593,904$1,102,260
62$1,342,715$698,293$562,206$1,142,341
63$1,426,453$679,290$527,821$1,185,490
64$1,517,056$657,680$490,607$1,232,036
65$1,615,171$633,282$450,418$1,282,340
66$1,721,510$605,904$407,099$1,336,806
67$1,836,856$575,346$360,488$1,395,879
68$1,962,070$541,392$310,419$1,460,052
69$2,098,097$503,816$256,714$1,529,872
70$2,245,980$462,380$199,191$1,605,944
71$2,406,865$416,831$137,659$1,688,940
72$2,582,011$366,902$71,916$1,779,601
73$2,772,806$312,310$1,755$1,878,749
74$2,980,775$252,757$0$1,987,292
75$3,207,600$187,928$0$2,128,081
76$3,455,129$117,489$0$2,282,363
77$3,725,397$41,091$0$2,450,912
78$4,020,644$0$0$2,635,165
79$4,343,337$0$0$2,842,199
80$4,696,191$0$0$3,074,573
81$5,082,196$0$0$3,328,838
82$5,504,644$0$0$3,607,167
83$5,967,160$0$0$3,911,959
84$6,473,735$0$0$4,245,850
85$7,028,765$0$0$4,611,747
86$7,637,092$0$0$5,012,849
87$8,304,046$0$0$5,452,680
88$9,035,502$0$0$5,935,123
89$9,837,926$0$0$6,464,452
90$10,718,442$0$0$7,045,378
91$11,684,898$0$0$7,683,086
92$12,745,937$0$0$8,383,292
93$13,911,082$0$0$9,152,289
94$15,190,821$0$0$9,997,013
95$16,596,708$0$0$10,925,100
96$18,141,474$0$0$11,944,967
97$19,839,140$0$0$13,065,883
98$21,705,157$0$0$14,298,063
99$23,756,543$0$0$15,652,758
100$26,012,051$0$0$17,142,365