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%12.6%
1 years$61,687$61,137$60,601$60,078$59,567$58,920
2 years$30,538$29,969$29,418$28,884$28,365$27,714
3 years$20,156$19,585$19,035$18,506$17,996$17,361
4 years$14,967$14,397$13,853$13,333$12,835$12,220
5 years$11,854$11,288$10,750$10,241$9,757$9,165
6 years$9,779$9,217$8,688$8,190$7,720$7,151
7 years$8,298$7,741$7,220$6,733$6,279$5,733
8 years$7,187$6,635$6,123$5,648$5,209$4,687
9 years$6,324$5,777$5,274$4,811$4,387$3,888
10 years$5,634$5,092$4,598$4,147$3,738$3,261
11 years$5,069$4,533$4,048$3,609$3,214$2,761
12 years$4,599$4,069$3,592$3,166$2,786$2,354
13 years$4,202$3,677$3,209$2,795$2,429$2,019
14 years$3,862$3,342$2,884$2,481$2,129$1,740
15 years$3,567$3,053$2,604$2,213$1,875$1,506
16 years$3,309$2,801$2,361$1,981$1,657$1,308
17 years$3,082$2,580$2,148$1,780$1,469$1,139
18 years$2,881$2,384$1,961$1,604$1,306$994
19 years$2,701$2,209$1,795$1,450$1,164$870
20 years$2,539$2,053$1,647$1,313$1,040$763
21 years$2,392$1,912$1,515$1,191$931$670
22 years$2,260$1,785$1,397$1,083$834$589
23 years$2,139$1,670$1,289$987$749$518
24 years$2,028$1,564$1,193$900$673$457
25 years$1,926$1,468$1,105$822$606$403
26 years$1,832$1,380$1,024$751$546$356
27 years$1,745$1,298$951$688$492$314
28 years$1,665$1,224$884$630$444$278
29 years$1,590$1,154$823$578$401$246
30 years$1,521$1,090$767$530$362$217
31 years$1,456$1,030$715$487$327$192
32 years$1,395$975$667$448$296$170
33 years$1,338$923$623$412$268$151
34 years$1,284$875$582$379$243$134
35 years$1,234$830$544$349$220$118
36 years$1,186$788$509$321$199$105
37 years$1,142$748$476$296$180$93
38 years$1,099$711$446$273$164$83
39 years$1,059$676$418$251$148$73
40 years$1,021$643$392$232$135$65
41 years$985$612$367$214$122$58
42 years$951$583$344$197$111$51
43 years$919$556$323$182$101$45
44 years$888$530$303$168$91$40
45 years$858$505$285$155$83$36
46 years$830$482$268$144$75$32
47 years$803$460$251$133$68$28
48 years$777$439$236$123$62$25
49 years$753$419$222$113$56$22
50 years$729$400$209$105$51$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $747,000, adding $4,850 every year, while hoping to spend $29,100 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: 56/26/18 Blend
52$747,000$747,000$747,000$747,000
53$828,197$788,606$777,027$870,352
54$881,711$796,285$772,096$907,283
55$939,708$803,366$766,023$943,949
56$1,002,614$809,787$758,741$983,243
57$1,070,900$815,486$750,178$1,025,424
58$1,145,080$820,393$740,257$1,070,776
59$1,225,722$824,436$728,900$1,119,616
60$1,313,451$827,539$716,024$1,172,292
61$1,408,954$829,619$701,541$1,229,191
62$1,512,986$830,589$685,361$1,290,738
63$1,626,379$830,357$667,390$1,357,403
64$1,750,049$828,823$647,527$1,429,707
65$1,885,004$825,885$625,669$1,508,224
66$2,032,352$821,431$601,706$1,593,587
67$2,193,315$815,344$575,526$1,686,497
68$2,369,236$807,499$547,009$1,787,727
69$2,561,595$797,764$516,031$1,898,133
70$2,772,022$785,999$482,463$2,018,655
71$3,002,311$772,055$446,168$2,150,338
72$3,254,436$755,776$407,004$2,294,329
73$3,530,575$736,994$364,824$2,451,900
74$3,833,120$715,534$319,473$2,624,451
75$4,164,713$691,209$270,789$2,813,530
76$4,528,256$663,822$218,604$3,020,844
77$4,926,952$633,162$162,741$3,248,279
78$5,364,324$599,011$103,016$3,497,916
79$5,844,256$561,132$39,237$3,772,052
80$6,371,022$519,280$0$4,073,220
81$6,949,334$473,193$0$4,409,753
82$7,584,381$422,594$0$4,787,605
83$8,281,878$367,191$0$5,202,678
84$9,048,123$306,677$0$5,658,774
85$9,890,052$240,724$0$6,160,085
86$10,815,306$168,989$0$6,711,232
87$11,832,305$91,107$0$7,317,311
88$12,950,324$6,695$0$7,983,941
89$14,179,582$0$0$8,717,318
90$15,531,335$0$0$9,548,491
91$17,017,989$0$0$10,464,794
92$18,653,209$0$0$11,472,745
93$20,452,052$0$0$12,581,634
94$22,431,108$0$0$13,801,697
95$24,608,655$0$0$15,144,214
96$27,004,834$0$0$16,621,612
97$29,641,835$0$0$18,247,584
98$32,544,109$0$0$20,037,218
99$35,738,598$0$0$22,007,140
100$39,254,987$0$0$24,175,666