Can I retire at age 53 with 724,000?

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 $724,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$59,787$59,255$58,735$58,228$57,733$56,452
2 years$29,598$29,046$28,512$27,994$27,492$26,208
3 years$19,536$18,982$18,449$17,936$17,442$16,195
4 years$14,506$13,954$13,426$12,922$12,440$11,240
5 years$11,489$10,940$10,419$9,925$9,456$8,307
6 years$9,478$8,933$8,420$7,937$7,483$6,384
7 years$8,042$7,502$6,997$6,526$6,085$5,038
8 years$6,966$6,431$5,934$5,474$5,048$4,053
9 years$6,129$5,599$5,111$4,663$4,251$3,306
10 years$5,460$4,935$4,456$4,019$3,622$2,727
11 years$4,913$4,394$3,923$3,498$3,115$2,268
12 years$4,458$3,944$3,482$3,068$2,700$1,899
13 years$4,073$3,564$3,111$2,709$2,354$1,599
14 years$3,743$3,239$2,795$2,405$2,064$1,352
15 years$3,457$2,959$2,523$2,145$1,817$1,148
16 years$3,208$2,715$2,288$1,920$1,606$978
17 years$2,988$2,500$2,082$1,725$1,424$835
18 years$2,792$2,311$1,900$1,555$1,266$714
19 years$2,618$2,141$1,740$1,405$1,128$612
20 years$2,461$1,990$1,597$1,272$1,008$525
21 years$2,319$1,853$1,469$1,155$902$452
22 years$2,190$1,730$1,354$1,050$809$389
23 years$2,073$1,618$1,250$956$726$335
24 years$1,965$1,516$1,156$872$652$289
25 years$1,867$1,423$1,071$796$587$249
26 years$1,776$1,337$993$728$529$215
27 years$1,692$1,258$922$667$477$186
28 years$1,614$1,186$857$611$430$160
29 years$1,541$1,119$798$560$388$139
30 years$1,474$1,057$743$514$351$120
31 years$1,411$999$693$472$317$104
32 years$1,352$945$646$434$287$90
33 years$1,297$895$603$399$260$78
34 years$1,245$848$564$367$235$67
35 years$1,196$805$527$338$213$58
36 years$1,150$764$493$311$193$50
37 years$1,106$725$462$287$175$44
38 years$1,065$689$432$264$159$38
39 years$1,027$655$405$244$144$33
40 years$990$624$380$225$130$28
41 years$955$594$356$207$118$25
42 years$922$565$334$191$107$21
43 years$890$539$313$177$97$18
44 years$860$513$294$163$88$16
45 years$832$490$276$151$80$14
46 years$804$467$259$139$73$12
47 years$778$446$244$129$66$10
48 years$753$425$229$119$60$9
49 years$730$406$215$110$55$8
50 years$707$388$202$101$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $724,000, adding $4,683 every year, while hoping to spend $22,067 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: 47/37/16 Blend
52$724,000$724,000$724,000$724,000
53$802,679$764,307$753,085$836,575
54$861,073$778,278$754,834$874,554
55$924,683$792,195$755,902$913,131
56$994,019$806,031$756,243$954,524
57$1,069,641$819,758$755,809$999,004
58$1,152,164$833,346$754,548$1,046,869
59$1,242,267$846,763$752,408$1,098,451
60$1,340,697$859,973$749,332$1,154,112
61$1,448,276$872,940$745,263$1,214,255
62$1,565,910$885,623$740,138$1,279,323
63$1,694,594$897,979$733,894$1,349,804
64$1,835,426$909,964$726,463$1,426,240
65$1,989,614$921,527$717,775$1,509,223
66$2,158,489$932,617$707,755$1,599,412
67$2,343,517$943,176$696,326$1,697,531
68$2,546,310$953,147$683,408$1,804,378
69$2,768,647$962,464$668,915$1,920,837
70$3,012,485$971,060$652,759$2,047,879
71$3,279,979$978,863$634,847$2,186,578
72$3,573,504$985,794$615,082$2,338,118
73$3,895,676$991,773$593,362$2,503,805
74$4,249,377$996,712$569,582$2,685,081
75$4,637,780$1,000,517$543,629$2,883,534
76$5,064,381$1,003,091$515,389$3,100,918
77$5,533,033$1,004,327$484,739$3,339,167
78$6,047,978$1,004,114$451,553$3,600,416
79$6,613,890$1,002,334$415,698$3,887,016
80$7,235,919$998,861$377,037$4,201,563
81$7,919,739$993,562$335,424$4,546,921
82$8,671,600$986,294$290,708$4,926,247
83$9,498,388$976,907$242,731$5,343,023
84$10,407,690$965,242$191,330$5,801,089
85$11,407,867$951,131$136,331$6,304,683
86$12,508,126$934,393$77,555$6,858,474
87$13,718,617$914,840$14,815$7,467,614
88$15,050,520$892,271$0$8,137,785
89$16,516,153$866,473$0$8,884,151
90$18,129,092$837,221$0$9,707,997
91$19,904,291$804,277$0$10,614,445
92$21,858,231$767,389$0$11,611,932
93$24,009,069$726,290$0$12,709,760
94$26,376,814$680,698$0$13,918,181
95$28,983,512$630,314$0$15,248,498
96$31,853,455$574,824$0$16,713,172
97$35,013,411$513,895$0$18,325,935
98$38,492,876$447,173$0$20,101,929
99$42,324,352$374,287$0$22,057,842
100$46,543,652$294,843$0$24,212,072