Can I retire at age 53 with 748,000?

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 $748,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$61,769$61,219$60,682$60,158$59,647$57,485
2 years$30,579$30,009$29,457$28,922$28,403$26,249
3 years$20,183$19,611$19,061$18,531$18,020$15,941
4 years$14,987$14,416$13,871$13,350$12,852$10,864
5 years$11,869$11,303$10,765$10,254$9,770$7,878
6 years$9,792$9,229$8,700$8,200$7,731$5,937
7 years$8,309$7,751$7,229$6,742$6,287$4,590
8 years$7,197$6,644$6,131$5,656$5,216$3,615
9 years$6,332$5,785$5,281$4,817$4,392$2,885
10 years$5,641$5,099$4,604$4,153$3,743$2,326
11 years$5,076$4,539$4,053$3,614$3,219$1,891
12 years$4,605$4,074$3,597$3,170$2,789$1,546
13 years$4,208$3,682$3,214$2,799$2,432$1,271
14 years$3,867$3,347$2,888$2,484$2,132$1,048
15 years$3,572$3,057$2,607$2,216$1,877$868
16 years$3,314$2,805$2,364$1,984$1,659$720
17 years$3,087$2,583$2,151$1,782$1,471$599
18 years$2,885$2,387$1,963$1,606$1,308$499
19 years$2,704$2,212$1,797$1,451$1,166$416
20 years$2,542$2,056$1,650$1,315$1,041$348
21 years$2,396$1,915$1,517$1,193$932$291
22 years$2,263$1,788$1,398$1,085$835$243
23 years$2,141$1,672$1,291$988$750$204
24 years$2,030$1,566$1,194$901$674$171
25 years$1,928$1,470$1,106$823$606$143
26 years$1,834$1,382$1,026$752$546$120
27 years$1,748$1,300$953$689$493$101
28 years$1,667$1,225$886$631$444$84
29 years$1,592$1,156$824$579$401$71
30 years$1,523$1,092$768$531$363$59
31 years$1,458$1,032$716$488$328$50
32 years$1,397$976$668$448$297$42
33 years$1,340$925$623$412$268$35
34 years$1,286$876$582$379$243$30
35 years$1,236$831$545$349$220$25
36 years$1,188$789$509$322$199$21
37 years$1,143$749$477$296$181$18
38 years$1,101$712$447$273$164$15
39 years$1,061$677$418$252$149$12
40 years$1,023$644$392$232$135$10
41 years$987$613$368$214$122$9
42 years$952$584$345$198$111$7
43 years$920$556$324$183$101$6
44 years$889$530$304$169$91$5
45 years$859$506$285$156$83$4
46 years$831$483$268$144$75$4
47 years$804$460$252$133$68$3
48 years$778$440$237$123$62$3
49 years$754$420$222$113$56$2
50 years$730$401$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $748,000, adding $4,755 every year, while hoping to spend $25,430 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: 81/10/9 Blend
52$748,000$748,000$748,000$748,000
53$829,201$789,557$777,963$894,904
54$886,722$801,188$776,967$950,270
55$949,258$812,536$775,086$1,007,183
56$1,017,293$823,562$772,263$1,068,887
57$1,091,362$834,221$768,438$1,135,846
58$1,172,050$844,466$763,549$1,208,574
59$1,260,003$854,249$757,532$1,287,637
60$1,355,932$863,516$750,319$1,373,656
61$1,460,619$872,211$741,836$1,467,318
62$1,574,926$880,273$732,011$1,569,378
63$1,699,799$887,637$720,764$1,680,668
64$1,836,282$894,235$708,014$1,802,104
65$1,985,525$899,995$693,675$1,934,697
66$2,148,792$904,838$677,656$2,079,558
67$2,327,475$908,681$659,864$2,237,915
68$2,523,109$911,437$640,200$2,411,117
69$2,737,381$913,013$618,562$2,600,652
70$2,972,152$913,309$594,842$2,808,161
71$3,229,470$912,219$568,928$3,035,450
72$3,511,590$909,632$540,701$3,284,510
73$3,820,997$905,429$510,039$3,557,535
74$4,160,427$899,483$476,814$3,856,942
75$4,532,894$891,661$440,890$4,185,395
76$4,941,717$881,821$402,129$4,545,829
77$5,390,555$869,813$360,383$4,941,481
78$5,883,435$855,477$315,498$5,375,914
79$6,424,794$838,644$267,317$5,853,057
80$7,019,521$819,136$215,670$6,377,240
81$7,673,002$796,763$160,384$6,953,233
82$8,391,168$771,325$101,277$7,586,295
83$9,180,557$742,609$38,159$8,282,219
84$10,048,367$710,391$0$9,047,392
85$11,002,534$674,433$0$9,891,654
86$12,051,796$634,484$0$10,824,051
87$13,205,784$590,278$0$11,849,480
88$14,475,106$541,534$0$12,977,384
89$15,871,453$487,955$0$14,218,164
90$17,407,704$429,228$0$15,583,286
91$19,098,049$365,019$0$17,085,380
92$20,958,125$294,979$0$18,738,366
93$23,005,158$218,738$0$20,557,585
94$25,258,132$135,904$0$22,559,938
95$27,737,962$46,064$0$24,764,053
96$30,467,695$0$0$27,190,455
97$33,472,726$0$0$29,867,400
98$36,781,035$0$0$32,820,115
99$40,423,456$0$0$36,071,055
100$44,433,963$0$0$39,650,544