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%14.8%
1 years$61,769$61,219$60,682$60,158$59,647$58,466
2 years$30,579$30,009$29,457$28,922$28,403$27,219
3 years$20,183$19,611$19,061$18,531$18,020$16,869
4 years$14,987$14,416$13,871$13,350$12,852$11,743
5 years$11,869$11,303$10,765$10,254$9,770$8,706
6 years$9,792$9,229$8,700$8,200$7,731$6,713
7 years$8,309$7,751$7,229$6,742$6,287$5,316
8 years$7,197$6,644$6,131$5,656$5,216$4,291
9 years$6,332$5,785$5,281$4,817$4,392$3,513
10 years$5,641$5,099$4,604$4,153$3,743$2,908
11 years$5,076$4,539$4,053$3,614$3,219$2,428
12 years$4,605$4,074$3,597$3,170$2,789$2,041
13 years$4,208$3,682$3,214$2,799$2,432$1,725
14 years$3,867$3,347$2,888$2,484$2,132$1,465
15 years$3,572$3,057$2,607$2,216$1,877$1,249
16 years$3,314$2,805$2,364$1,984$1,659$1,068
17 years$3,087$2,583$2,151$1,782$1,471$916
18 years$2,885$2,387$1,963$1,606$1,308$787
19 years$2,704$2,212$1,797$1,451$1,166$678
20 years$2,542$2,056$1,650$1,315$1,041$584
21 years$2,396$1,915$1,517$1,193$932$505
22 years$2,263$1,788$1,398$1,085$835$436
23 years$2,141$1,672$1,291$988$750$378
24 years$2,030$1,566$1,194$901$674$327
25 years$1,928$1,470$1,106$823$606$284
26 years$1,834$1,382$1,026$752$546$246
27 years$1,748$1,300$953$689$493$213
28 years$1,667$1,225$886$631$444$185
29 years$1,592$1,156$824$579$401$161
30 years$1,523$1,092$768$531$363$140
31 years$1,458$1,032$716$488$328$122
32 years$1,397$976$668$448$297$106
33 years$1,340$925$623$412$268$92
34 years$1,286$876$582$379$243$80
35 years$1,236$831$545$349$220$70
36 years$1,188$789$509$322$199$61
37 years$1,143$749$477$296$181$53
38 years$1,101$712$447$273$164$46
39 years$1,061$677$418$252$149$40
40 years$1,023$644$392$232$135$35
41 years$987$613$368$214$122$30
42 years$952$584$345$198$111$26
43 years$920$556$324$183$101$23
44 years$889$530$304$169$91$20
45 years$859$506$285$156$83$17
46 years$831$483$268$144$75$15
47 years$804$460$252$133$68$13
48 years$778$440$237$123$62$11
49 years$754$420$222$113$56$10
50 years$730$401$209$105$51$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $748,000, adding $5,130 every year, while hoping to spend $28,772 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: 58/31/11 Blend
52$748,000$748,000$748,000$748,000
53$829,588$789,944$778,350$875,195
54$883,592$798,038$773,811$914,630
55$942,141$805,564$768,156$953,932
56$1,005,667$812,464$761,317$996,080
57$1,074,647$818,677$753,223$1,041,349
58$1,149,605$824,136$743,800$1,090,045
59$1,231,116$828,770$732,969$1,142,505
60$1,319,816$832,505$720,649$1,199,100
61$1,416,401$835,262$706,755$1,260,241
62$1,521,640$836,956$691,197$1,326,382
63$1,636,378$837,497$673,882$1,398,021
64$1,761,543$836,790$654,713$1,475,712
65$1,898,161$834,733$633,586$1,560,065
66$2,047,358$831,219$610,395$1,651,752
67$2,210,373$826,134$585,028$1,751,517
68$2,388,573$819,356$557,368$1,860,179
69$2,583,460$810,757$527,293$1,978,644
70$2,796,691$800,202$494,675$2,107,912
71$3,030,087$787,546$459,381$2,249,085
72$3,285,656$772,635$421,270$2,403,380
73$3,565,607$755,309$380,197$2,572,142
74$3,872,376$735,395$336,010$2,756,852
75$4,208,641$712,713$288,549$2,959,148
76$4,577,356$687,070$237,649$3,180,835
77$4,981,772$658,262$183,136$3,423,905
78$5,425,471$626,074$124,829$3,690,557
79$5,912,397$590,280$62,539$3,983,218
80$6,446,895$550,638$0$4,304,563
81$7,033,753$506,893$0$4,658,009
82$7,678,242$458,777$0$5,054,214
83$8,386,171$406,006$0$5,489,451
84$9,163,938$348,278$0$5,967,712
85$10,018,593$285,276$0$6,493,398
86$10,957,900$216,666$0$7,071,365
87$11,990,415$142,091$0$7,706,963
88$13,125,563$61,179$0$8,406,097
89$14,373,728$0$0$9,175,274
90$15,746,350$0$0$10,030,700
91$17,256,035$0$0$10,994,567
92$18,916,670$0$0$12,054,882
93$20,743,556$0$0$13,221,424
94$22,753,552$0$0$14,504,966
95$24,965,233$0$0$15,917,382
96$27,399,067$0$0$17,471,750
97$30,077,604$0$0$19,182,483
98$33,025,692$0$0$21,065,463
99$36,270,712$0$0$23,138,188
100$39,842,829$0$0$25,419,937