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%11%
1 years$60,861$60,319$59,790$59,274$58,769$58,522
2 years$30,129$29,568$29,024$28,497$27,985$27,735
3 years$19,887$19,323$18,781$18,258$17,755$17,510
4 years$14,766$14,204$13,667$13,154$12,663$12,426
5 years$11,695$11,136$10,606$10,104$9,626$9,397
6 years$9,648$9,094$8,572$8,080$7,617$7,396
7 years$8,187$7,637$7,123$6,643$6,195$5,982
8 years$7,091$6,546$6,041$5,573$5,139$4,935
9 years$6,239$5,700$5,203$4,747$4,328$4,132
10 years$5,558$5,024$4,536$4,092$3,688$3,500
11 years$5,001$4,473$3,994$3,561$3,171$2,992
12 years$4,538$4,014$3,544$3,123$2,748$2,577
13 years$4,146$3,628$3,166$2,758$2,397$2,233
14 years$3,810$3,298$2,845$2,448$2,101$1,945
15 years$3,519$3,012$2,569$2,183$1,850$1,701
16 years$3,265$2,764$2,329$1,955$1,635$1,493
17 years$3,041$2,545$2,119$1,756$1,449$1,315
18 years$2,842$2,352$1,935$1,583$1,289$1,161
19 years$2,665$2,180$1,771$1,430$1,149$1,028
20 years$2,505$2,026$1,625$1,295$1,026$912
21 years$2,360$1,887$1,495$1,176$918$810
22 years$2,229$1,761$1,378$1,069$823$721
23 years$2,110$1,647$1,272$973$739$642
24 years$2,001$1,543$1,177$888$664$573
25 years$1,900$1,448$1,090$811$598$511
26 years$1,808$1,361$1,011$741$538$457
27 years$1,722$1,281$939$679$485$409
28 years$1,643$1,207$872$622$438$366
29 years$1,569$1,139$812$570$395$328
30 years$1,500$1,075$756$523$357$294
31 years$1,436$1,017$705$481$323$264
32 years$1,376$962$658$442$292$237
33 years$1,320$911$614$406$264$212
34 years$1,267$863$574$374$239$191
35 years$1,217$819$537$344$217$171
36 years$1,171$777$502$317$196$154
37 years$1,126$738$470$292$178$138
38 years$1,085$702$440$269$161$124
39 years$1,045$667$412$248$146$112
40 years$1,008$635$386$229$133$101
41 years$972$604$362$211$120$90
42 years$938$575$340$195$109$81
43 years$906$548$319$180$99$73
44 years$876$523$299$166$90$66
45 years$847$498$281$153$82$59
46 years$819$475$264$142$74$53
47 years$792$454$248$131$67$48
48 years$767$433$233$121$61$43
49 years$743$414$219$112$56$39
50 years$720$395$206$103$50$35

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $737,000, adding $6,694 every year, while hoping to spend $22,983 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: 37/41/22 Blend
52$737,000$737,000$737,000$737,000
53$819,079$780,018$768,594$843,754
54$878,171$793,785$769,889$876,108
55$942,521$807,456$770,456$908,405
56$1,012,639$821,003$770,247$942,826
57$1,089,090$834,394$769,213$979,576
58$1,172,494$847,596$767,298$1,018,881
59$1,263,533$860,573$764,447$1,060,990
60$1,362,958$873,286$760,600$1,106,182
61$1,471,596$885,694$755,698$1,154,761
62$1,590,359$897,753$749,673$1,207,064
63$1,720,249$909,415$742,460$1,263,466
64$1,862,369$920,631$733,987$1,324,377
65$2,017,934$931,346$724,180$1,390,255
66$2,188,284$941,503$712,960$1,461,601
67$2,374,892$951,039$700,248$1,538,972
68$2,579,381$959,890$685,956$1,622,983
69$2,803,539$967,986$669,997$1,714,312
70$3,049,335$975,252$652,276$1,813,709
71$3,318,937$981,609$632,697$1,922,001
72$3,614,732$986,972$611,156$2,040,103
73$3,939,353$991,251$587,548$2,169,024
74$4,295,697$994,352$561,761$2,309,880
75$4,686,955$996,173$533,677$2,463,903
76$5,116,644$996,605$503,175$2,632,451
77$5,588,637$995,534$470,127$2,817,027
78$6,107,202$992,839$434,400$3,019,286
79$6,677,039$988,391$395,854$3,241,060
80$7,303,327$982,051$354,345$3,484,367
81$7,991,770$973,676$309,720$3,751,437
82$8,748,656$963,111$261,821$4,044,731
83$9,580,908$950,193$210,481$4,366,964
84$10,496,156$934,748$155,527$4,721,133
85$11,502,807$916,593$96,780$5,110,547
86$12,610,121$895,534$34,050$5,538,854
87$13,828,303$871,365$0$6,010,083
88$15,168,596$843,868$0$6,536,399
89$16,643,388$812,813$0$7,124,015
90$18,266,327$777,955$0$7,770,391
91$20,052,454$739,036$0$8,481,546
92$22,018,340$695,784$0$9,264,121
93$24,182,242$647,909$0$10,125,434
94$26,564,281$595,106$0$11,073,558
95$29,186,624$537,053$0$12,117,392
96$32,073,699$473,408$0$13,266,749
97$35,252,422$403,811$0$14,532,449
98$38,752,451$327,880$0$15,926,420
99$42,606,469$245,213$0$17,461,814
100$46,850,486$155,386$0$19,153,131