Can I retire at age 53 with 738,000?

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 $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%14.6%
1 years$60,943$60,400$59,871$59,354$58,849$57,732
2 years$30,170$29,608$29,064$28,536$28,023$26,902
3 years$19,914$19,349$18,806$18,283$17,779$16,689
4 years$14,786$14,224$13,686$13,172$12,680$11,629
5 years$11,711$11,152$10,621$10,117$9,639$8,631
6 years$9,661$9,106$8,583$8,091$7,627$6,662
7 years$8,198$7,647$7,133$6,652$6,203$5,281
8 years$7,100$6,555$6,049$5,580$5,146$4,268
9 years$6,248$5,707$5,210$4,753$4,334$3,499
10 years$5,566$5,031$4,542$4,097$3,693$2,899
11 years$5,008$4,479$3,999$3,566$3,176$2,424
12 years$4,544$4,020$3,549$3,128$2,752$2,040
13 years$4,151$3,633$3,171$2,761$2,400$1,727
14 years$3,815$3,302$2,849$2,451$2,104$1,469
15 years$3,524$3,016$2,572$2,186$1,852$1,254
16 years$3,270$2,768$2,332$1,957$1,637$1,074
17 years$3,045$2,549$2,122$1,759$1,451$922
18 years$2,846$2,355$1,937$1,585$1,291$793
19 years$2,668$2,183$1,773$1,432$1,150$684
20 years$2,508$2,028$1,628$1,297$1,027$591
21 years$2,364$1,889$1,497$1,177$919$511
22 years$2,232$1,764$1,380$1,070$824$443
23 years$2,113$1,649$1,274$975$740$384
24 years$2,003$1,545$1,178$889$665$333
25 years$1,903$1,450$1,091$812$598$289
26 years$1,810$1,363$1,012$742$539$251
27 years$1,724$1,283$940$679$486$218
28 years$1,645$1,209$874$623$438$190
29 years$1,571$1,140$813$571$396$165
30 years$1,502$1,077$757$524$358$144
31 years$1,438$1,018$706$481$323$125
32 years$1,378$963$659$442$293$109
33 years$1,322$912$615$407$265$95
34 years$1,269$865$575$374$240$83
35 years$1,219$820$537$344$217$72
36 years$1,172$778$503$317$197$63
37 years$1,128$739$470$292$178$55
38 years$1,086$703$441$269$162$48
39 years$1,046$668$413$248$147$42
40 years$1,009$636$387$229$133$36
41 years$973$605$363$211$121$32
42 years$940$576$340$195$109$28
43 years$907$549$319$180$99$24
44 years$877$523$300$166$90$21
45 years$848$499$281$154$82$18
46 years$820$476$264$142$74$16
47 years$793$454$248$131$67$14
48 years$768$434$233$121$61$12
49 years$744$414$219$112$56$11
50 years$721$396$206$103$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $738,000, adding $2,323 every year, while hoping to spend $56,104 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: 81/11/8 Blend
52$738,000$738,000$738,000$738,000
53$815,672$776,558$765,119$880,735
54$839,177$754,915$731,056$902,033
55$863,198$730,332$693,972$917,743
56$887,730$702,604$653,706$933,287
57$912,763$671,516$610,090$948,621
58$938,287$636,842$562,950$963,692
59$964,285$598,340$512,101$978,445
60$990,739$555,755$457,354$992,817
61$1,017,626$508,819$398,507$1,006,741
62$1,044,919$457,247$335,353$1,020,143
63$1,072,587$400,738$267,673$1,032,942
64$1,100,591$338,974$195,240$1,045,048
65$1,128,887$271,620$117,816$1,056,365
66$1,157,424$198,320$35,154$1,066,785
67$1,186,144$118,701$0$1,076,193
68$1,214,980$32,366$0$1,088,988
69$1,243,854$0$0$1,103,999
70$1,272,678$0$0$1,125,490
71$1,301,355$0$0$1,150,755
72$1,329,770$0$0$1,175,778
73$1,357,798$0$0$1,200,443
74$1,385,295$0$0$1,224,623
75$1,412,100$0$0$1,248,175
76$1,438,033$0$0$1,270,935
77$1,462,891$0$0$1,292,724
78$1,486,447$0$0$1,313,339
79$1,508,447$0$0$1,332,552
80$1,528,608$0$0$1,350,109
81$1,546,614$0$0$1,365,730
82$1,562,113$0$0$1,379,098
83$1,574,711$0$0$1,389,862
84$1,583,972$0$0$1,397,633
85$1,589,411$0$0$1,401,975
86$1,590,485$0$0$1,402,406
87$1,586,597$0$0$1,398,390
88$1,577,079$0$0$1,389,332
89$1,561,192$0$0$1,374,572
90$1,538,118$0$0$1,353,378
91$1,506,947$0$0$1,324,937
92$1,466,673$0$0$1,288,352
93$1,416,180$0$0$1,242,625
94$1,354,235$0$0$1,186,654
95$1,279,469$0$0$1,119,219
96$1,190,371$0$0$1,038,968
97$1,085,267$0$0$944,407
98$962,308$0$0$833,885
99$819,446$0$0$705,574
100$654,420$0$0$557,453