Can I retire at age 53 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$61,687$61,137$60,601$60,078$59,567$57,939
2 years$30,538$29,969$29,418$28,884$28,365$26,737
3 years$20,156$19,585$19,035$18,506$17,996$16,418
4 years$14,967$14,397$13,853$13,333$12,835$11,320
5 years$11,854$11,288$10,750$10,241$9,757$8,309
6 years$9,779$9,217$8,688$8,190$7,720$6,341
7 years$8,298$7,741$7,220$6,733$6,279$4,968
8 years$7,187$6,635$6,123$5,648$5,209$3,965
9 years$6,324$5,777$5,274$4,811$4,387$3,210
10 years$5,634$5,092$4,598$4,147$3,738$2,626
11 years$5,069$4,533$4,048$3,609$3,214$2,166
12 years$4,599$4,069$3,592$3,166$2,786$1,798
13 years$4,202$3,677$3,209$2,795$2,429$1,501
14 years$3,862$3,342$2,884$2,481$2,129$1,258
15 years$3,567$3,053$2,604$2,213$1,875$1,059
16 years$3,309$2,801$2,361$1,981$1,657$893
17 years$3,082$2,580$2,148$1,780$1,469$755
18 years$2,881$2,384$1,961$1,604$1,306$640
19 years$2,701$2,209$1,795$1,450$1,164$543
20 years$2,539$2,053$1,647$1,313$1,040$462
21 years$2,392$1,912$1,515$1,191$931$393
22 years$2,260$1,785$1,397$1,083$834$335
23 years$2,139$1,670$1,289$987$749$286
24 years$2,028$1,564$1,193$900$673$244
25 years$1,926$1,468$1,105$822$606$208
26 years$1,832$1,380$1,024$751$546$178
27 years$1,745$1,298$951$688$492$152
28 years$1,665$1,224$884$630$444$130
29 years$1,590$1,154$823$578$401$111
30 years$1,521$1,090$767$530$362$95
31 years$1,456$1,030$715$487$327$81
32 years$1,395$975$667$448$296$70
33 years$1,338$923$623$412$268$60
34 years$1,284$875$582$379$243$51
35 years$1,234$830$544$349$220$44
36 years$1,186$788$509$321$199$37
37 years$1,142$748$476$296$180$32
38 years$1,099$711$446$273$164$27
39 years$1,059$676$418$251$148$23
40 years$1,021$643$392$232$135$20
41 years$985$612$367$214$122$17
42 years$951$583$344$197$111$15
43 years$919$556$323$182$101$13
44 years$888$530$303$168$91$11
45 years$858$505$285$155$83$9
46 years$830$482$268$144$75$8
47 years$803$460$251$133$68$7
48 years$777$439$236$123$62$6
49 years$753$419$222$113$56$5
50 years$729$400$209$105$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $747,000, adding $4,674 every year, while hoping to spend $47,217 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: 54/24/22 Blend
52$747,000$747,000$747,000$747,000
53$828,015$788,424$776,846$867,503
54$862,234$776,818$752,632$883,524
55$898,361$763,062$726,024$895,627
56$936,541$746,998$696,892$907,800
57$976,931$728,464$665,101$920,066
58$1,019,703$707,285$630,508$932,450
59$1,065,048$683,276$592,964$944,986
60$1,113,169$656,243$552,315$957,711
61$1,164,293$625,979$508,398$970,670
62$1,218,665$592,266$461,043$983,917
63$1,276,554$554,873$410,074$997,514
64$1,338,257$513,556$355,306$1,011,532
65$1,404,095$468,056$296,544$1,026,056
66$1,474,423$418,101$233,589$1,041,181
67$1,549,628$363,402$166,228$1,057,017
68$1,630,135$303,655$94,242$1,073,692
69$1,716,412$238,536$17,402$1,091,350
70$1,808,969$167,707$0$1,110,154
71$1,908,367$90,809$0$1,145,457
72$2,015,223$7,460$0$1,187,650
73$2,130,212$0$0$1,232,946
74$2,254,078$0$0$1,303,531
75$2,387,635$0$0$1,381,816
76$2,531,780$0$0$1,466,365
77$2,687,497$0$0$1,557,761
78$2,855,867$0$0$1,656,647
79$3,038,080$0$0$1,763,729
80$3,235,442$0$0$1,879,784
81$3,449,391$0$0$2,005,666
82$3,681,506$0$0$2,142,313
83$3,933,526$0$0$2,290,758
84$4,207,362$0$0$2,452,137
85$4,505,117$0$0$2,627,700
86$4,829,103$0$0$2,818,822
87$5,181,867$0$0$3,027,016
88$5,566,209$0$0$3,253,947
89$5,985,211$0$0$3,501,447
90$6,442,266$0$0$3,771,534
91$6,941,107$0$0$4,066,428
92$7,485,845$0$0$4,388,571
93$8,081,003$0$0$4,740,656
94$8,731,563$0$0$5,125,643
95$9,443,008$0$0$5,546,794
96$10,221,377$0$0$6,007,700
97$11,073,317$0$0$6,512,316
98$12,006,151$0$0$7,064,995
99$13,027,939$0$0$7,670,532
100$14,147,560$0$0$8,334,209