Can I retire at age 53 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$61,356$60,810$60,277$59,756$59,248$58,629
2 years$30,374$29,809$29,260$28,729$28,213$27,590
3 years$20,048$19,480$18,933$18,407$17,900$17,292
4 years$14,886$14,320$13,779$13,261$12,766$12,178
5 years$11,790$11,227$10,693$10,186$9,705$9,138
6 years$9,727$9,168$8,641$8,146$7,679$7,134
7 years$8,253$7,699$7,181$6,697$6,245$5,722
8 years$7,149$6,600$6,090$5,618$5,181$4,680
9 years$6,290$5,746$5,245$4,785$4,363$3,885
10 years$5,603$5,065$4,573$4,125$3,718$3,261
11 years$5,042$4,509$4,026$3,590$3,197$2,762
12 years$4,575$4,047$3,573$3,149$2,771$2,357
13 years$4,179$3,657$3,192$2,780$2,416$2,022
14 years$3,841$3,324$2,868$2,468$2,118$1,744
15 years$3,548$3,037$2,590$2,201$1,865$1,511
16 years$3,292$2,786$2,348$1,971$1,648$1,313
17 years$3,066$2,566$2,136$1,771$1,461$1,144
18 years$2,865$2,371$1,950$1,596$1,299$1,000
19 years$2,686$2,198$1,785$1,442$1,158$875
20 years$2,525$2,042$1,639$1,306$1,034$768
21 years$2,380$1,902$1,507$1,185$926$675
22 years$2,248$1,776$1,389$1,078$830$594
23 years$2,127$1,661$1,283$981$745$523
24 years$2,017$1,556$1,186$895$669$461
25 years$1,916$1,460$1,099$817$602$407
26 years$1,822$1,372$1,019$747$543$360
27 years$1,736$1,292$946$684$489$318
28 years$1,656$1,217$880$627$441$281
29 years$1,582$1,148$819$575$399$249
30 years$1,512$1,084$762$527$360$220
31 years$1,448$1,025$711$484$326$195
32 years$1,387$970$663$445$295$173
33 years$1,331$918$619$409$267$153
34 years$1,277$870$579$377$241$136
35 years$1,227$826$541$347$219$121
36 years$1,180$784$506$319$198$107
37 years$1,136$744$474$294$180$95
38 years$1,093$707$444$271$163$84
39 years$1,054$673$416$250$148$75
40 years$1,016$640$389$231$134$67
41 years$980$609$365$213$121$59
42 years$946$580$343$196$110$52
43 years$914$553$321$181$100$47
44 years$883$527$302$167$91$41
45 years$853$502$283$155$82$37
46 years$825$479$266$143$75$33
47 years$799$457$250$132$68$29
48 years$773$437$235$122$62$26
49 years$749$417$221$113$56$23
50 years$725$398$208$104$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $743,000, adding $3,712 every year, while hoping to spend $41,387 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: 63/21/16 Blend
52$743,000$743,000$743,000$743,000
53$822,615$783,236$771,719$870,953
54$862,486$777,579$753,537$898,206
55$905,037$770,258$733,357$922,909
56$950,498$761,147$711,072$948,892
57$999,119$750,114$686,563$976,283
58$1,051,178$737,018$659,711$1,005,222
59$1,106,976$721,710$630,390$1,035,865
60$1,166,846$704,032$598,466$1,068,386
61$1,231,151$683,817$563,802$1,102,980
62$1,300,293$660,888$526,254$1,139,859
63$1,374,709$635,058$485,669$1,179,264
64$1,454,882$606,128$441,892$1,221,460
65$1,541,341$573,889$394,756$1,266,740
66$1,634,667$538,120$344,090$1,315,431
67$1,735,501$498,585$289,715$1,367,896
68$1,844,543$455,037$231,442$1,424,536
69$1,962,567$407,214$169,075$1,485,799
70$2,090,420$354,839$102,411$1,552,177
71$2,229,036$297,620$31,235$1,624,220
72$2,379,441$235,246$0$1,702,535
73$2,542,763$167,392$0$1,795,430
74$2,720,243$93,712$0$1,902,203
75$2,913,246$13,843$0$2,018,383
76$3,123,276$0$0$2,144,928
77$3,351,984$0$0$2,299,673
78$3,601,190$0$0$2,471,821
79$3,872,895$0$0$2,659,562
80$4,169,302$0$0$2,864,425
81$4,492,835$0$0$3,088,091
82$4,846,164$0$0$3,332,414
83$5,232,227$0$0$3,599,431
84$5,654,259$0$0$3,891,389
85$6,115,821$0$0$4,210,757
86$6,620,835$0$0$4,560,259
87$7,173,617$0$0$4,942,889
88$7,778,923$0$0$5,361,949
89$8,441,989$0$0$5,821,072
90$9,168,581$0$0$6,324,259
91$9,965,048$0$0$6,875,919
92$10,838,385$0$0$7,480,906
93$11,796,295$0$0$8,144,567
94$12,847,262$0$0$8,872,789
95$14,000,631$0$0$9,672,061
96$15,266,697$0$0$10,549,528
97$16,656,799$0$0$11,513,060
98$18,183,428$0$0$12,571,328
99$19,860,344$0$0$13,733,883
100$21,702,704$0$0$15,011,248