Can I retire at age 53 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$61,026$60,482$59,952$59,434$58,929$57,388
2 years$30,211$29,648$29,103$28,574$28,061$26,519
3 years$19,941$19,375$18,832$18,308$17,803$16,308
4 years$14,806$14,243$13,705$13,190$12,697$11,261
5 years$11,727$11,167$10,635$10,131$9,652$8,279
6 years$9,674$9,118$8,595$8,102$7,638$6,328
7 years$8,209$7,658$7,142$6,661$6,211$4,966
8 years$7,110$6,564$6,057$5,588$5,153$3,971
9 years$6,256$5,715$5,217$4,759$4,340$3,220
10 years$5,573$5,038$4,548$4,103$3,698$2,639
11 years$5,015$4,485$4,004$3,571$3,180$2,181
12 years$4,550$4,025$3,554$3,132$2,756$1,815
13 years$4,157$3,638$3,175$2,765$2,403$1,518
14 years$3,820$3,307$2,853$2,454$2,106$1,275
15 years$3,529$3,021$2,576$2,189$1,855$1,075
16 years$3,274$2,771$2,335$1,960$1,639$909
17 years$3,049$2,552$2,125$1,761$1,453$770
18 years$2,850$2,358$1,940$1,587$1,292$654
19 years$2,672$2,186$1,776$1,434$1,152$557
20 years$2,512$2,031$1,630$1,299$1,029$474
21 years$2,367$1,892$1,499$1,179$921$405
22 years$2,235$1,766$1,382$1,072$825$345
23 years$2,116$1,652$1,276$976$741$295
24 years$2,006$1,548$1,180$890$666$253
25 years$1,905$1,452$1,093$813$599$216
26 years$1,812$1,365$1,013$743$540$185
27 years$1,727$1,285$941$680$487$159
28 years$1,647$1,210$875$623$439$136
29 years$1,573$1,142$814$572$396$117
30 years$1,504$1,078$758$525$358$100
31 years$1,440$1,019$707$482$324$86
32 years$1,380$965$660$443$293$74
33 years$1,323$913$616$407$265$63
34 years$1,270$866$575$375$240$54
35 years$1,221$821$538$345$217$46
36 years$1,174$779$503$318$197$40
37 years$1,129$740$471$293$179$34
38 years$1,088$704$441$270$162$29
39 years$1,048$669$413$249$147$25
40 years$1,010$636$387$229$133$22
41 years$975$606$363$212$121$19
42 years$941$577$341$195$110$16
43 years$909$550$320$180$99$14
44 years$878$524$300$167$90$12
45 years$849$500$282$154$82$10
46 years$821$477$265$142$74$9
47 years$794$455$249$131$68$7
48 years$769$434$234$121$61$6
49 years$745$415$220$112$56$6
50 years$722$396$206$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $739,000, adding $2,729 every year, while hoping to spend $45,644 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: 63/30/7 Blend
52$739,000$739,000$739,000$739,000
53$817,193$778,026$766,571$867,418
54$851,982$767,584$743,687$890,806
55$888,789$755,101$718,506$910,734
56$927,773$740,429$690,903$931,313
57$969,106$723,409$660,748$952,604
58$1,012,975$703,877$627,904$974,674
59$1,059,588$681,656$592,227$997,602
60$1,109,168$656,560$553,569$1,021,474
61$1,161,963$628,391$511,774$1,046,389
62$1,218,242$596,941$466,677$1,072,456
63$1,278,301$561,990$418,109$1,099,800
64$1,342,464$523,303$365,892$1,128,557
65$1,411,086$480,635$309,840$1,158,885
66$1,484,555$433,725$249,758$1,190,958
67$1,563,298$382,296$185,443$1,224,969
68$1,647,784$326,058$116,685$1,261,138
69$1,738,525$264,702$43,262$1,299,708
70$1,836,087$197,905$0$1,340,952
71$1,941,087$125,321$0$1,387,795
72$2,054,205$46,589$0$1,441,574
73$2,176,187$0$0$1,499,453
74$2,307,855$0$0$1,574,642
75$2,450,107$0$0$1,672,532
76$2,603,935$0$0$1,778,432
77$2,770,428$0$0$1,893,095
78$2,950,780$0$0$2,017,352
79$3,146,308$0$0$2,152,115
80$3,358,458$0$0$2,298,387
81$3,588,821$0$0$2,457,271
82$3,839,147$0$0$2,629,982
83$4,111,360$0$0$2,817,854
84$4,407,579$0$0$3,022,357
85$4,730,133$0$0$3,245,108
86$5,081,587$0$0$3,487,884
87$5,464,762$0$0$3,752,646
88$5,882,763$0$0$4,041,546
89$6,339,009$0$0$4,356,957
90$6,837,263$0$0$4,701,490
91$7,381,667$0$0$5,078,019
92$7,976,780$0$0$5,489,709
93$8,627,624$0$0$5,940,043
94$9,339,726$0$0$6,432,859
95$10,119,173$0$0$6,972,381
96$10,972,667$0$0$7,563,260
97$11,907,590$0$0$8,210,619
98$12,932,071$0$0$8,920,100
99$14,055,060$0$0$9,697,916
100$15,286,417$0$0$10,550,910