Can I retire at age 53 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$61,439$60,892$60,358$59,836$59,328$58,978
2 years$30,415$29,849$29,300$28,768$28,251$27,899
3 years$20,075$19,507$18,959$18,432$17,924$17,579
4 years$14,907$14,339$13,797$13,279$12,783$12,449
5 years$11,806$11,242$10,707$10,200$9,718$9,395
6 years$9,740$9,180$8,653$8,157$7,689$7,379
7 years$8,264$7,709$7,191$6,706$6,253$5,955
8 years$7,158$6,608$6,098$5,626$5,188$4,901
9 years$6,298$5,754$5,252$4,792$4,369$4,094
10 years$5,611$5,072$4,579$4,130$3,723$3,460
11 years$5,049$4,515$4,031$3,595$3,202$2,950
12 years$4,581$4,052$3,578$3,153$2,774$2,535
13 years$4,185$3,662$3,197$2,784$2,419$2,191
14 years$3,846$3,329$2,872$2,471$2,121$1,903
15 years$3,553$3,041$2,593$2,204$1,867$1,660
16 years$3,296$2,790$2,351$1,973$1,650$1,454
17 years$3,070$2,570$2,139$1,773$1,463$1,277
18 years$2,869$2,374$1,953$1,598$1,301$1,124
19 years$2,690$2,201$1,788$1,444$1,160$992
20 years$2,529$2,045$1,641$1,308$1,036$877
21 years$2,383$1,905$1,509$1,187$927$777
22 years$2,251$1,778$1,391$1,079$831$689
23 years$2,130$1,663$1,284$983$746$612
24 years$2,020$1,558$1,188$896$670$545
25 years$1,918$1,462$1,100$818$603$485
26 years$1,825$1,374$1,020$748$543$432
27 years$1,738$1,293$947$685$490$385
28 years$1,658$1,219$881$628$442$344
29 years$1,584$1,150$820$576$399$307
30 years$1,514$1,086$763$528$361$274
31 years$1,450$1,026$712$485$326$245
32 years$1,389$971$664$446$295$219
33 years$1,332$920$620$410$267$196
34 years$1,279$872$579$377$242$176
35 years$1,229$827$542$347$219$157
36 years$1,182$785$507$320$198$141
37 years$1,137$745$474$295$180$126
38 years$1,095$708$444$272$163$113
39 years$1,055$674$416$250$148$101
40 years$1,017$641$390$231$134$91
41 years$981$610$366$213$122$81
42 years$947$581$343$197$110$73
43 years$915$553$322$182$100$65
44 years$884$528$302$168$91$59
45 years$855$503$284$155$83$53
46 years$827$480$266$143$75$47
47 years$800$458$250$132$68$42
48 years$774$437$235$122$62$38
49 years$750$418$221$113$56$34
50 years$726$399$208$104$51$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $744,000, adding $4,891 every year, while hoping to spend $29,393 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: 78/17/5 Blend
52$744,000$744,000$744,000$744,000
53$824,933$785,501$773,969$888,701
54$877,802$792,717$768,623$938,409
55$935,079$799,301$762,113$988,567
56$997,182$805,191$754,368$1,042,690
57$1,064,571$810,322$745,316$1,101,156
58$1,137,753$814,623$734,880$1,164,385
59$1,217,284$818,020$722,979$1,232,837
60$1,303,777$820,433$709,528$1,307,021
61$1,397,905$821,777$694,441$1,387,496
62$1,500,410$821,964$677,624$1,474,880
63$1,612,109$820,897$658,981$1,569,851
64$1,733,898$818,475$638,411$1,673,158
65$1,866,767$814,591$615,809$1,785,626
66$2,011,803$809,132$591,064$1,908,165
67$2,170,203$801,975$564,060$2,041,775
68$2,343,285$792,994$534,678$2,187,562
69$2,532,501$782,051$502,791$2,346,742
70$2,739,449$769,004$468,267$2,520,655
71$2,965,887$753,699$430,968$2,710,781
72$3,213,752$735,976$390,750$2,918,747
73$3,485,178$715,662$347,464$3,146,349
74$3,782,514$692,577$300,952$3,395,565
75$4,108,347$666,530$251,049$3,668,578
76$4,465,524$637,316$197,586$3,967,791
77$4,857,185$604,722$140,383$4,295,853
78$5,286,785$568,520$79,252$4,655,685
79$5,758,130$528,471$14,000$5,050,506
80$6,275,414$484,320$0$5,483,865
81$6,843,254$435,799$0$5,962,641
82$7,466,737$382,625$0$6,489,166
83$8,151,469$324,498$0$7,067,457
84$8,903,621$261,101$0$7,702,763
85$9,729,995$192,100$0$8,400,871
86$10,638,083$117,141$0$9,168,157
87$11,636,138$35,851$0$10,011,649
88$12,733,253$0$0$10,939,094
89$13,939,445$0$0$11,968,785
90$15,265,753$0$0$13,108,417
91$16,724,336$0$0$14,361,733
92$18,328,590$0$0$15,740,250
93$20,093,277$0$0$17,256,655
94$22,034,660$0$0$18,924,926
95$24,170,657$0$0$20,760,466
96$26,521,014$0$0$22,780,245
97$29,107,482$0$0$25,002,960
98$31,954,032$0$0$27,449,216
99$35,087,074$0$0$30,141,712
100$38,535,708$0$0$33,105,462