Can I retire at age 53 with 737,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.8%
1 years$60,861$60,319$59,790$59,274$58,769$58,326
2 years$30,129$29,568$29,024$28,497$27,985$27,538
3 years$19,887$19,323$18,781$18,258$17,755$17,318
4 years$14,766$14,204$13,667$13,154$12,663$12,240
5 years$11,695$11,136$10,606$10,104$9,626$9,218
6 years$9,648$9,094$8,572$8,080$7,617$7,224
7 years$8,187$7,637$7,123$6,643$6,195$5,817
8 years$7,091$6,546$6,041$5,573$5,139$4,777
9 years$6,239$5,700$5,203$4,747$4,328$3,981
10 years$5,558$5,024$4,536$4,092$3,688$3,356
11 years$5,001$4,473$3,994$3,561$3,171$2,855
12 years$4,538$4,014$3,544$3,123$2,748$2,446
13 years$4,146$3,628$3,166$2,758$2,397$2,109
14 years$3,810$3,298$2,845$2,448$2,101$1,827
15 years$3,519$3,012$2,569$2,183$1,850$1,590
16 years$3,265$2,764$2,329$1,955$1,635$1,388
17 years$3,041$2,545$2,119$1,756$1,449$1,216
18 years$2,842$2,352$1,935$1,583$1,289$1,068
19 years$2,665$2,180$1,771$1,430$1,149$940
20 years$2,505$2,026$1,625$1,295$1,026$828
21 years$2,360$1,887$1,495$1,176$918$732
22 years$2,229$1,761$1,378$1,069$823$647
23 years$2,110$1,647$1,272$973$739$573
24 years$2,001$1,543$1,177$888$664$508
25 years$1,900$1,448$1,090$811$598$451
26 years$1,808$1,361$1,011$741$538$401
27 years$1,722$1,281$939$679$485$356
28 years$1,643$1,207$872$622$438$317
29 years$1,569$1,139$812$570$395$282
30 years$1,500$1,075$756$523$357$251
31 years$1,436$1,017$705$481$323$224
32 years$1,376$962$658$442$292$200
33 years$1,320$911$614$406$264$178
34 years$1,267$863$574$374$239$159
35 years$1,217$819$537$344$217$142
36 years$1,171$777$502$317$196$126
37 years$1,126$738$470$292$178$113
38 years$1,085$702$440$269$161$101
39 years$1,045$667$412$248$146$90
40 years$1,008$635$386$229$133$80
41 years$972$604$362$211$120$72
42 years$938$575$340$195$109$64
43 years$906$548$319$180$99$57
44 years$876$523$299$166$90$51
45 years$847$498$281$153$82$46
46 years$819$475$264$142$74$41
47 years$792$454$248$131$67$37
48 years$767$433$233$121$61$33
49 years$743$414$219$112$56$29
50 years$720$395$206$103$50$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $737,000, adding $6,462 every year, while hoping to spend $24,034 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: 72/21/7 Blend
52$737,000$737,000$737,000$737,000
53$818,840$779,779$768,355$876,490
54$876,789$792,416$768,523$928,041
55$939,844$804,867$767,891$980,838
56$1,008,500$817,097$766,407$1,037,970
57$1,083,301$829,069$764,016$1,099,859
58$1,164,849$840,744$760,661$1,166,967
59$1,253,802$852,079$756,282$1,239,804
60$1,350,887$863,029$750,815$1,318,934
61$1,456,906$873,545$744,195$1,404,974
62$1,572,737$883,575$736,353$1,498,607
63$1,699,351$893,065$727,215$1,600,586
64$1,837,814$901,955$716,706$1,711,738
65$1,989,302$910,182$704,747$1,832,977
66$2,155,109$917,679$691,254$1,965,307
67$2,336,660$924,374$676,141$2,109,839
68$2,535,523$930,193$659,315$2,267,793
69$2,753,427$935,053$640,683$2,440,517
70$2,992,274$938,868$620,143$2,629,493
71$3,254,161$941,547$597,593$2,836,357
72$3,541,395$942,993$572,922$3,062,911
73$3,856,519$943,102$546,017$3,311,142
74$4,202,335$941,764$516,759$3,583,239
75$4,581,925$938,863$485,023$3,881,615
76$4,998,689$934,274$450,679$4,208,930
77$5,456,369$927,867$413,590$4,568,114
78$5,959,088$919,503$373,615$4,962,399
79$6,511,389$909,032$330,605$5,395,344
80$7,118,276$896,300$284,406$5,870,876
81$7,785,261$881,140$234,854$6,393,319
82$8,518,418$863,375$181,782$6,967,443
83$9,324,436$842,821$125,012$7,598,501
84$10,210,689$819,280$64,360$8,292,286
85$11,185,297$792,542$0$9,055,182
86$12,257,209$762,388$0$9,894,253
87$13,436,282$728,582$0$10,822,360
88$14,733,379$690,879$0$11,843,254
89$16,160,467$649,016$0$12,966,373
90$17,730,734$602,717$0$14,202,118
91$19,458,707$551,689$0$15,561,955
92$21,360,397$495,623$0$17,058,515
93$23,453,441$434,192$0$18,705,723
94$25,757,275$367,051$0$20,518,924
95$28,293,315$293,834$0$22,515,029
96$31,085,159$214,158$0$24,712,677
97$34,158,807$127,613$0$27,132,408
98$37,542,911$33,772$0$29,796,861
99$41,269,040$0$0$32,730,985
100$45,371,982$0$0$35,977,947