Can I retire at age 53 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$60,943$60,400$59,871$59,354$58,849$58,307
2 years$30,170$29,608$29,064$28,536$28,023$27,478
3 years$19,914$19,349$18,806$18,283$17,779$17,246
4 years$14,786$14,224$13,686$13,172$12,680$12,164
5 years$11,711$11,152$10,621$10,117$9,639$9,142
6 years$9,661$9,106$8,583$8,091$7,627$7,149
7 years$8,198$7,647$7,133$6,652$6,203$5,744
8 years$7,100$6,555$6,049$5,580$5,146$4,706
9 years$6,248$5,707$5,210$4,753$4,334$3,913
10 years$5,566$5,031$4,542$4,097$3,693$3,291
11 years$5,008$4,479$3,999$3,566$3,176$2,792
12 years$4,544$4,020$3,549$3,128$2,752$2,387
13 years$4,151$3,633$3,171$2,761$2,400$2,052
14 years$3,815$3,302$2,849$2,451$2,104$1,774
15 years$3,524$3,016$2,572$2,186$1,852$1,539
16 years$3,270$2,768$2,332$1,957$1,637$1,340
17 years$3,045$2,549$2,122$1,759$1,451$1,170
18 years$2,846$2,355$1,937$1,585$1,291$1,025
19 years$2,668$2,183$1,773$1,432$1,150$899
20 years$2,508$2,028$1,628$1,297$1,027$791
21 years$2,364$1,889$1,497$1,177$919$696
22 years$2,232$1,764$1,380$1,070$824$614
23 years$2,113$1,649$1,274$975$740$542
24 years$2,003$1,545$1,178$889$665$479
25 years$1,903$1,450$1,091$812$598$424
26 years$1,810$1,363$1,012$742$539$375
27 years$1,724$1,283$940$679$486$333
28 years$1,645$1,209$874$623$438$295
29 years$1,571$1,140$813$571$396$262
30 years$1,502$1,077$757$524$358$232
31 years$1,438$1,018$706$481$323$206
32 years$1,378$963$659$442$293$183
33 years$1,322$912$615$407$265$163
34 years$1,269$865$575$374$240$145
35 years$1,219$820$537$344$217$129
36 years$1,172$778$503$317$197$115
37 years$1,128$739$470$292$178$102
38 years$1,086$703$441$269$162$91
39 years$1,046$668$413$248$147$81
40 years$1,009$636$387$229$133$72
41 years$973$605$363$211$121$64
42 years$940$576$340$195$109$57
43 years$907$549$319$180$99$51
44 years$877$523$300$166$90$45
45 years$848$499$281$154$82$40
46 years$820$476$264$142$74$36
47 years$793$454$248$131$67$32
48 years$768$434$233$121$61$28
49 years$744$414$219$112$56$25
50 years$721$396$206$103$51$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $738,000, adding $6,009 every year, while hoping to spend $55,881 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: 66/15/19 Blend
52$738,000$738,000$738,000$738,000
53$819,474$780,360$768,921$869,297
54$843,604$759,141$735,223$882,211
55$868,321$735,009$698,523$889,337
56$893,628$707,763$658,662$895,785
57$919,524$677,189$615,473$901,489
58$946,006$643,061$568,781$906,378
59$973,068$605,141$518,405$910,374
60$1,000,704$563,175$464,154$913,394
61$1,028,902$516,898$405,830$915,352
62$1,057,650$466,025$343,225$916,151
63$1,086,929$410,260$276,123$915,690
64$1,116,720$349,286$204,296$913,859
65$1,146,995$282,771$127,510$910,542
66$1,177,723$210,362$45,517$905,611
67$1,208,869$131,687$0$898,931
68$1,240,389$46,355$0$898,868
69$1,272,232$0$0$907,155
70$1,304,341$0$0$922,044
71$1,336,649$0$0$944,703
72$1,369,080$0$0$967,425
73$1,401,545$0$0$990,145
74$1,433,945$0$0$1,012,790
75$1,466,167$0$0$1,035,277
76$1,498,084$0$0$1,057,511
77$1,529,552$0$0$1,079,387
78$1,560,406$0$0$1,100,786
79$1,590,466$0$0$1,121,574
80$1,619,524$0$0$1,141,600
81$1,647,352$0$0$1,160,696
82$1,673,691$0$0$1,178,673
83$1,698,254$0$0$1,195,321
84$1,720,718$0$0$1,210,404
85$1,740,725$0$0$1,223,660
86$1,757,873$0$0$1,234,797
87$1,771,719$0$0$1,243,489
88$1,781,764$0$0$1,249,375
89$1,787,458$0$0$1,252,050
90$1,788,188$0$0$1,251,069
91$1,783,272$0$0$1,245,933
92$1,771,954$0$0$1,236,092
93$1,753,395$0$0$1,220,935
94$1,726,666$0$0$1,199,782
95$1,690,734$0$0$1,171,883
96$1,644,458$0$0$1,136,404
97$1,586,572$0$0$1,092,423
98$1,515,674$0$0$1,038,920
99$1,430,213$0$0$974,764
100$1,328,474$0$0$898,705