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%19.7%
1 years$61,439$60,892$60,358$59,836$59,328$57,019
2 years$30,415$29,849$29,300$28,768$28,251$25,953
3 years$20,075$19,507$18,959$18,432$17,924$15,708
4 years$14,907$14,339$13,797$13,279$12,783$10,668
5 years$11,806$11,242$10,707$10,200$9,718$7,708
6 years$9,740$9,180$8,653$8,157$7,689$5,786
7 years$8,264$7,709$7,191$6,706$6,253$4,456
8 years$7,158$6,608$6,098$5,626$5,188$3,494
9 years$6,298$5,754$5,252$4,792$4,369$2,777
10 years$5,611$5,072$4,579$4,130$3,723$2,229
11 years$5,049$4,515$4,031$3,595$3,202$1,803
12 years$4,581$4,052$3,578$3,153$2,774$1,468
13 years$4,185$3,662$3,197$2,784$2,419$1,200
14 years$3,846$3,329$2,872$2,471$2,121$986
15 years$3,553$3,041$2,593$2,204$1,867$812
16 years$3,296$2,790$2,351$1,973$1,650$670
17 years$3,070$2,570$2,139$1,773$1,463$554
18 years$2,869$2,374$1,953$1,598$1,301$459
19 years$2,690$2,201$1,788$1,444$1,160$381
20 years$2,529$2,045$1,641$1,308$1,036$317
21 years$2,383$1,905$1,509$1,187$927$263
22 years$2,251$1,778$1,391$1,079$831$219
23 years$2,130$1,663$1,284$983$746$183
24 years$2,020$1,558$1,188$896$670$152
25 years$1,918$1,462$1,100$818$603$127
26 years$1,825$1,374$1,020$748$543$106
27 years$1,738$1,293$947$685$490$88
28 years$1,658$1,219$881$628$442$74
29 years$1,584$1,150$820$576$399$61
30 years$1,514$1,086$763$528$361$51
31 years$1,450$1,026$712$485$326$43
32 years$1,389$971$664$446$295$36
33 years$1,332$920$620$410$267$30
34 years$1,279$872$579$377$242$25
35 years$1,229$827$542$347$219$21
36 years$1,182$785$507$320$198$17
37 years$1,137$745$474$295$180$15
38 years$1,095$708$444$272$163$12
39 years$1,055$674$416$250$148$10
40 years$1,017$641$390$231$134$8
41 years$981$610$366$213$122$7
42 years$947$581$343$197$110$6
43 years$915$553$322$182$100$5
44 years$884$528$302$168$91$4
45 years$855$503$284$155$83$3
46 years$827$480$266$143$75$3
47 years$800$458$250$132$68$2
48 years$774$437$235$122$62$2
49 years$750$418$221$113$56$2
50 years$726$399$208$104$51$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $744,000, adding $6,695 every year, while hoping to spend $28,884 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: 46/42/12 Blend
52$744,000$744,000$744,000$744,000
53$826,794$787,362$775,830$861,739
54$880,395$795,210$771,088$894,472
55$938,494$802,475$765,219$926,466
56$1,001,522$809,097$758,155$960,529
57$1,069,948$815,014$749,824$996,862
58$1,144,291$820,158$740,152$1,035,691
59$1,225,122$824,459$729,059$1,077,263
60$1,313,066$827,839$716,465$1,121,852
61$1,408,815$830,220$702,282$1,169,763
62$1,513,127$831,514$686,422$1,221,330
63$1,626,839$831,631$668,790$1,276,926
64$1,750,869$830,473$649,287$1,336,962
65$1,886,231$827,939$627,811$1,401,894
66$2,034,037$823,919$604,254$1,472,225
67$2,195,516$818,298$578,503$1,548,512
68$2,372,016$810,952$550,441$1,631,371
69$2,565,025$801,752$519,944$1,721,482
70$2,776,180$790,560$486,884$1,819,599
71$3,007,282$777,229$451,126$1,926,556
72$3,260,316$761,605$412,531$2,043,271
73$3,537,468$743,524$370,950$2,170,762
74$3,841,145$722,811$326,232$2,310,155
75$4,173,996$699,283$278,215$2,462,692
76$4,538,941$672,746$226,733$2,629,747
77$4,939,196$642,993$171,611$2,812,836
78$5,378,301$609,807$112,667$3,013,637
79$5,860,157$572,957$49,711$3,234,002
80$6,389,060$532,199$0$3,475,976
81$6,969,743$487,275$0$3,744,058
82$7,607,419$437,914$0$4,045,444
83$8,307,831$383,827$0$4,376,546
84$9,077,306$324,711$0$4,740,438
85$9,922,812$260,242$0$5,140,510
86$10,852,028$190,084$0$5,580,504
87$11,873,413$113,875$0$6,064,551
88$12,996,284$31,239$0$6,597,208
89$14,230,910$0$0$7,183,502
90$15,588,601$0$0$7,855,892
91$17,081,820$0$0$8,611,377
92$18,724,298$0$0$9,442,478
93$20,531,162$0$0$10,356,863
94$22,519,082$0$0$11,362,979
95$24,706,422$0$0$12,470,135
96$27,113,419$0$0$13,688,587
97$29,762,367$0$0$15,029,636
98$32,677,835$0$0$16,505,734
99$35,886,892$0$0$18,130,601
100$39,419,363$0$0$19,919,354