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%14.3%
1 years$61,769$61,219$60,682$60,158$59,647$58,586
2 years$30,579$30,009$29,457$28,922$28,403$27,338
3 years$20,183$19,611$19,061$18,531$18,020$16,984
4 years$14,987$14,416$13,871$13,350$12,852$11,853
5 years$11,869$11,303$10,765$10,254$9,770$8,811
6 years$9,792$9,229$8,700$8,200$7,731$6,812
7 years$8,309$7,751$7,229$6,742$6,287$5,409
8 years$7,197$6,644$6,131$5,656$5,216$4,379
9 years$6,332$5,785$5,281$4,817$4,392$3,596
10 years$5,641$5,099$4,604$4,153$3,743$2,986
11 years$5,076$4,539$4,053$3,614$3,219$2,501
12 years$4,605$4,074$3,597$3,170$2,789$2,109
13 years$4,208$3,682$3,214$2,799$2,432$1,789
14 years$3,867$3,347$2,888$2,484$2,132$1,524
15 years$3,572$3,057$2,607$2,216$1,877$1,304
16 years$3,314$2,805$2,364$1,984$1,659$1,119
17 years$3,087$2,583$2,151$1,782$1,471$963
18 years$2,885$2,387$1,963$1,606$1,308$831
19 years$2,704$2,212$1,797$1,451$1,166$718
20 years$2,542$2,056$1,650$1,315$1,041$621
21 years$2,396$1,915$1,517$1,193$932$539
22 years$2,263$1,788$1,398$1,085$835$467
23 years$2,141$1,672$1,291$988$750$406
24 years$2,030$1,566$1,194$901$674$353
25 years$1,928$1,470$1,106$823$606$307
26 years$1,834$1,382$1,026$752$546$268
27 years$1,748$1,300$953$689$493$233
28 years$1,667$1,225$886$631$444$203
29 years$1,592$1,156$824$579$401$177
30 years$1,523$1,092$768$531$363$155
31 years$1,458$1,032$716$488$328$135
32 years$1,397$976$668$448$297$118
33 years$1,340$925$623$412$268$103
34 years$1,286$876$582$379$243$90
35 years$1,236$831$545$349$220$79
36 years$1,188$789$509$322$199$69
37 years$1,143$749$477$296$181$60
38 years$1,101$712$447$273$164$52
39 years$1,061$677$418$252$149$46
40 years$1,023$644$392$232$135$40
41 years$987$613$368$214$122$35
42 years$952$584$345$198$111$31
43 years$920$556$324$183$101$27
44 years$889$530$304$169$91$23
45 years$859$506$285$156$83$21
46 years$831$483$268$144$75$18
47 years$804$460$252$133$68$16
48 years$778$440$237$123$62$14
49 years$754$420$222$113$56$12
50 years$730$401$209$105$51$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $748,000, adding $3,358 every year, while hoping to spend $55,904 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: 38/34/28 Blend
52$748,000$748,000$748,000$748,000
53$827,760$788,116$776,522$852,207
54$852,710$767,252$743,054$849,608
55$878,331$743,492$706,591$841,433
56$904,633$716,636$666,974$831,529
57$931,624$686,469$624,036$819,777
58$959,312$652,769$577,604$806,049
59$987,703$615,296$527,495$790,209
60$1,016,802$573,798$473,519$772,117
61$1,046,613$528,011$415,478$751,620
62$1,077,135$477,652$353,165$728,559
63$1,108,370$422,424$286,363$702,766
64$1,140,314$362,013$214,847$674,062
65$1,172,961$296,086$138,379$642,257
66$1,206,303$224,294$56,715$607,153
67$1,240,327$146,266$0$568,537
68$1,275,018$61,610$0$535,279
69$1,310,355$0$0$516,722
70$1,346,312$0$0$506,995
71$1,382,860$0$0$520,511
72$1,419,961$0$0$534,202
73$1,457,571$0$0$548,049
74$1,495,641$0$0$562,028
75$1,534,110$0$0$576,112
76$1,572,908$0$0$590,270
77$1,611,957$0$0$604,468
78$1,651,166$0$0$618,665
79$1,690,430$0$0$632,814
80$1,729,630$0$0$646,865
81$1,768,632$0$0$660,758
82$1,807,283$0$0$674,428
83$1,845,412$0$0$687,799
84$1,882,824$0$0$700,789
85$1,919,302$0$0$713,303
86$1,954,600$0$0$725,236
87$1,988,443$0$0$736,470
88$2,020,524$0$0$746,874
89$2,050,499$0$0$756,300
90$2,077,984$0$0$764,585
91$2,102,550$0$0$771,546
92$2,123,719$0$0$776,980
93$2,140,958$0$0$780,660
94$2,153,676$0$0$782,335
95$2,161,212$0$0$781,726
96$2,162,834$0$0$778,521
97$2,157,729$0$0$772,377
98$2,144,994$0$0$762,911
99$2,123,625$0$0$749,700
100$2,092,512$0$0$732,274