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%18.7%
1 years$60,861$60,319$59,790$59,274$58,769$56,707
2 years$30,129$29,568$29,024$28,497$27,985$25,929
3 years$19,887$19,323$18,781$18,258$17,755$15,770
4 years$14,766$14,204$13,667$13,154$12,663$10,764
5 years$11,695$11,136$10,606$10,104$9,626$7,818
6 years$9,648$9,094$8,572$8,080$7,617$5,901
7 years$8,187$7,637$7,123$6,643$6,195$4,571
8 years$7,091$6,546$6,041$5,573$5,139$3,606
9 years$6,239$5,700$5,203$4,747$4,328$2,883
10 years$5,558$5,024$4,536$4,092$3,688$2,329
11 years$5,001$4,473$3,994$3,561$3,171$1,897
12 years$4,538$4,014$3,544$3,123$2,748$1,554
13 years$4,146$3,628$3,166$2,758$2,397$1,280
14 years$3,810$3,298$2,845$2,448$2,101$1,058
15 years$3,519$3,012$2,569$2,183$1,850$877
16 years$3,265$2,764$2,329$1,955$1,635$730
17 years$3,041$2,545$2,119$1,756$1,449$608
18 years$2,842$2,352$1,935$1,583$1,289$508
19 years$2,665$2,180$1,771$1,430$1,149$425
20 years$2,505$2,026$1,625$1,295$1,026$355
21 years$2,360$1,887$1,495$1,176$918$298
22 years$2,229$1,761$1,378$1,069$823$250
23 years$2,110$1,647$1,272$973$739$210
24 years$2,001$1,543$1,177$888$664$176
25 years$1,900$1,448$1,090$811$598$148
26 years$1,808$1,361$1,011$741$538$124
27 years$1,722$1,281$939$679$485$105
28 years$1,643$1,207$872$622$438$88
29 years$1,569$1,139$812$570$395$74
30 years$1,500$1,075$756$523$357$62
31 years$1,436$1,017$705$481$323$52
32 years$1,376$962$658$442$292$44
33 years$1,320$911$614$406$264$37
34 years$1,267$863$574$374$239$31
35 years$1,217$819$537$344$217$26
36 years$1,171$777$502$317$196$22
37 years$1,126$738$470$292$178$19
38 years$1,085$702$440$269$161$16
39 years$1,045$667$412$248$146$13
40 years$1,008$635$386$229$133$11
41 years$972$604$362$211$120$9
42 years$938$575$340$195$109$8
43 years$906$548$319$180$99$7
44 years$876$523$299$166$90$6
45 years$847$498$281$153$82$5
46 years$819$475$264$142$74$4
47 years$792$454$248$131$67$3
48 years$767$433$233$121$61$3
49 years$743$414$219$112$56$2
50 years$720$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 $737,000, adding $4,465 every year, while hoping to spend $34,906 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: 41/29/30 Blend
52$737,000$737,000$737,000$737,000
53$816,780$777,719$766,295$842,913
54$862,951$778,687$754,826$863,271
55$912,663$778,533$741,803$881,725
56$966,238$777,165$727,137$901,047
57$1,024,033$774,485$710,735$921,342
58$1,086,440$770,390$692,500$942,723
59$1,153,887$764,769$672,329$965,321
60$1,226,848$757,507$650,117$989,280
61$1,305,841$748,480$625,751$1,014,764
62$1,391,439$737,557$599,115$1,041,953
63$1,484,268$724,600$570,087$1,071,052
64$1,585,019$709,461$538,541$1,102,289
65$1,694,451$691,985$504,342$1,135,919
66$1,813,400$672,007$467,353$1,172,225
67$1,942,784$649,353$427,427$1,211,525
68$2,083,615$623,838$384,412$1,254,172
69$2,237,004$595,266$338,150$1,300,560
70$2,404,176$563,432$288,476$1,351,129
71$2,586,478$528,116$235,216$1,406,367
72$2,785,393$489,088$178,190$1,466,818
73$3,002,552$446,103$117,209$1,533,087
74$3,239,753$398,902$52,076$1,605,845
75$3,498,973$347,214$0$1,685,840
76$3,782,390$290,748$0$1,779,481
77$4,092,400$229,202$0$1,900,262
78$4,431,644$162,252$0$2,032,590
79$4,803,028$89,559$0$2,177,674
80$5,209,753$10,763$0$2,336,851
81$5,655,344$0$0$2,511,596
82$6,143,682$0$0$2,727,321
83$6,679,043$0$0$2,967,679
84$7,266,135$0$0$3,231,363
85$7,910,144$0$0$3,520,713
86$8,616,781$0$0$3,838,308
87$9,392,340$0$0$4,186,991
88$10,243,750$0$0$4,569,890
89$11,178,646$0$0$4,990,454
90$12,205,437$0$0$5,452,480
91$13,333,388$0$0$5,960,152
92$14,572,704$0$0$6,518,079
93$15,934,628$0$0$7,131,340
94$17,431,548$0$0$7,805,529
95$19,077,108$0$0$8,546,808
96$20,886,343$0$0$9,361,970
97$22,875,816$0$0$10,258,494
98$25,063,776$0$0$11,244,624
99$27,470,328$0$0$12,329,443
100$30,117,626$0$0$13,522,955