Can I retire at age 53 with 746,000?

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 $746,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$61,604$61,055$60,520$59,997$59,487$58,792
2 years$30,497$29,929$29,379$28,845$28,327$27,628
3 years$20,129$19,559$19,010$18,481$17,972$17,290
4 years$14,947$14,378$13,834$13,315$12,818$12,158
5 years$11,838$11,272$10,736$10,227$9,744$9,109
6 years$9,766$9,205$8,676$8,179$7,710$7,100
7 years$8,286$7,730$7,210$6,724$6,270$5,686
8 years$7,177$6,626$6,115$5,641$5,202$4,642
9 years$6,315$5,769$5,267$4,805$4,381$3,846
10 years$5,626$5,085$4,592$4,142$3,733$3,223
11 years$5,062$4,527$4,042$3,604$3,210$2,725
12 years$4,593$4,063$3,587$3,162$2,782$2,320
13 years$4,196$3,672$3,205$2,791$2,426$1,987
14 years$3,857$3,338$2,880$2,478$2,126$1,711
15 years$3,562$3,049$2,600$2,210$1,872$1,478
16 years$3,305$2,798$2,357$1,979$1,655$1,282
17 years$3,078$2,576$2,145$1,778$1,467$1,115
18 years$2,877$2,381$1,958$1,602$1,305$972
19 years$2,697$2,206$1,793$1,448$1,163$849
20 years$2,535$2,050$1,645$1,311$1,039$743
21 years$2,389$1,910$1,513$1,190$929$652
22 years$2,257$1,783$1,395$1,082$833$572
23 years$2,136$1,667$1,288$985$748$503
24 years$2,025$1,562$1,191$899$672$443
25 years$1,923$1,466$1,103$821$605$390
26 years$1,830$1,378$1,023$750$545$343
27 years$1,743$1,297$950$687$491$303
28 years$1,663$1,222$883$629$443$267
29 years$1,588$1,153$822$577$400$236
30 years$1,519$1,089$766$530$362$209
31 years$1,454$1,029$714$486$327$184
32 years$1,393$974$666$447$296$163
33 years$1,336$922$622$411$268$144
34 years$1,283$874$581$378$242$127
35 years$1,232$829$543$348$219$113
36 years$1,185$787$508$321$199$100
37 years$1,140$747$476$295$180$88
38 years$1,098$710$445$272$163$78
39 years$1,058$675$417$251$148$69
40 years$1,020$643$391$232$134$61
41 years$984$612$367$214$122$54
42 years$950$582$344$197$111$48
43 years$917$555$323$182$100$43
44 years$886$529$303$168$91$38
45 years$857$504$284$155$83$33
46 years$829$481$267$143$75$30
47 years$802$459$251$132$68$26
48 years$776$438$236$122$62$23
49 years$752$419$222$113$56$21
50 years$728$400$208$105$51$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $746,000, adding $6,509 every year, while hoping to spend $54,532 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: 73/6/21 Blend
52$746,000$746,000$746,000$746,000
53$828,806$789,268$777,705$884,640
54$855,323$769,921$745,737$903,282
55$882,716$747,797$710,869$916,513
56$911,019$722,705$672,949$929,631
57$940,263$694,438$631,814$942,615
58$970,485$662,781$587,294$955,441
59$1,001,721$627,503$539,214$968,088
60$1,034,008$588,362$487,390$980,531
61$1,067,386$545,102$431,627$992,744
62$1,101,899$497,451$371,726$1,004,700
63$1,137,590$445,123$307,476$1,016,371
64$1,174,505$387,815$238,657$1,027,728
65$1,212,693$325,206$165,040$1,038,742
66$1,252,205$256,959$86,387$1,049,379
67$1,293,096$182,716$2,447$1,059,607
68$1,335,422$102,100$0$1,069,392
69$1,379,245$14,712$0$1,098,222
70$1,424,627$0$0$1,128,391
71$1,471,635$0$0$1,164,650
72$1,520,343$0$0$1,203,227
73$1,570,824$0$0$1,243,213
74$1,623,160$0$0$1,284,671
75$1,677,435$0$0$1,327,668
76$1,733,741$0$0$1,372,279
77$1,792,174$0$0$1,418,579
78$1,852,838$0$0$1,466,651
79$1,915,842$0$0$1,516,583
80$1,981,304$0$0$1,568,468
81$2,049,349$0$0$1,622,408
82$2,120,113$0$0$1,678,508
83$2,193,739$0$0$1,736,886
84$2,270,381$0$0$1,797,664
85$2,350,208$0$0$1,860,974
86$2,433,396$0$0$1,926,962
87$2,520,139$0$0$1,995,778
88$2,610,644$0$0$2,067,591
89$2,705,133$0$0$2,142,578
90$2,803,849$0$0$2,220,933
91$2,907,052$0$0$2,302,865
92$3,015,024$0$0$2,388,598
93$3,128,070$0$0$2,478,377
94$3,246,520$0$0$2,572,468
95$3,370,733$0$0$2,671,156
96$3,501,097$0$0$2,774,754
97$3,638,034$0$0$2,883,600
98$3,782,004$0$0$2,998,062
99$3,933,504$0$0$3,118,539
100$4,093,078$0$0$3,245,467