Can I retire at age 53 with 725,000?

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 $725,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$59,870$59,337$58,816$58,308$57,813$57,472
2 years$29,639$29,087$28,552$28,033$27,530$27,187
3 years$19,563$19,008$18,475$17,961$17,466$17,130
4 years$14,526$13,973$13,445$12,940$12,457$12,131
5 years$11,504$10,955$10,434$9,939$9,470$9,155
6 years$9,491$8,946$8,432$7,948$7,493$7,190
7 years$8,053$7,513$7,007$6,535$6,094$5,803
8 years$6,975$6,440$5,943$5,482$5,055$4,776
9 years$6,138$5,607$5,118$4,669$4,257$3,990
10 years$5,468$4,942$4,462$4,025$3,627$3,371
11 years$4,920$4,400$3,929$3,503$3,120$2,875
12 years$4,464$3,949$3,486$3,073$2,704$2,470
13 years$4,078$3,569$3,115$2,713$2,358$2,135
14 years$3,748$3,244$2,799$2,408$2,067$1,854
15 years$3,462$2,963$2,527$2,147$1,820$1,618
16 years$3,212$2,719$2,291$1,923$1,608$1,416
17 years$2,992$2,504$2,085$1,728$1,426$1,244
18 years$2,796$2,314$1,903$1,557$1,268$1,095
19 years$2,621$2,144$1,742$1,407$1,130$967
20 years$2,464$1,993$1,599$1,274$1,009$855
21 years$2,322$1,856$1,471$1,156$903$757
22 years$2,193$1,733$1,355$1,051$810$672
23 years$2,076$1,620$1,252$958$727$597
24 years$1,968$1,518$1,157$873$653$531
25 years$1,869$1,425$1,072$798$588$473
26 years$1,778$1,339$994$729$530$421
27 years$1,694$1,260$923$668$477$376
28 years$1,616$1,188$858$612$431$335
29 years$1,543$1,120$799$561$389$299
30 years$1,476$1,058$744$515$351$267
31 years$1,413$1,000$694$473$318$239
32 years$1,354$946$647$434$287$214
33 years$1,298$896$604$400$260$191
34 years$1,246$849$565$368$236$171
35 years$1,198$806$528$338$213$153
36 years$1,151$765$494$312$193$137
37 years$1,108$726$462$287$175$123
38 years$1,067$690$433$265$159$110
39 years$1,028$656$405$244$144$99
40 years$991$624$380$225$131$88
41 years$956$594$356$208$119$79
42 years$923$566$334$192$108$71
43 years$891$539$314$177$98$64
44 years$861$514$294$163$89$57
45 years$833$490$276$151$80$51
46 years$805$468$260$139$73$46
47 years$779$446$244$129$66$41
48 years$754$426$229$119$60$37
49 years$731$407$215$110$55$33
50 years$708$389$203$102$50$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $725,000, adding $3,287 every year, while hoping to spend $41,141 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: 40/47/13 Blend
52$725,000$725,000$725,000$725,000
53$802,341$763,916$752,678$831,200
54$840,406$757,574$734,119$845,575
55$880,974$749,542$713,559$856,829
56$924,259$739,695$690,889$868,105
57$970,491$727,898$665,992$879,423
58$1,019,926$714,010$638,747$890,809
59$1,072,842$697,880$609,029$902,296
60$1,129,546$679,349$576,705$913,922
61$1,190,372$658,250$541,637$925,733
62$1,255,689$634,404$503,681$937,785
63$1,325,902$607,622$462,687$950,143
64$1,401,453$577,705$418,496$962,884
65$1,482,831$544,442$370,945$976,094
66$1,570,569$507,609$319,861$989,879
67$1,665,256$466,971$265,066$1,004,356
68$1,767,538$422,278$206,371$1,019,661
69$1,878,124$373,267$143,582$1,035,952
70$1,997,794$319,658$76,493$1,053,408
71$2,127,405$261,158$4,892$1,072,233
72$2,267,901$197,455$0$1,092,659
73$2,420,318$128,221$0$1,124,871
74$2,585,795$53,109$0$1,160,617
75$2,765,587$0$0$1,199,588
76$2,961,073$0$0$1,256,812
77$3,173,771$0$0$1,349,044
78$3,405,350$0$0$1,449,550
79$3,657,648$0$0$1,559,140
80$3,932,685$0$0$1,678,702
81$4,232,689$0$0$1,809,217
82$4,560,107$0$0$1,951,761
83$4,917,635$0$0$2,107,523
84$5,308,242$0$0$2,277,807
85$5,735,195$0$0$2,464,052
86$6,202,091$0$0$2,667,843
87$6,712,890$0$0$2,890,923
88$7,271,954$0$0$3,135,213
89$7,884,083$0$0$3,402,826
90$8,554,568$0$0$3,696,093
91$9,289,230$0$0$4,017,577
92$10,094,485$0$0$4,370,104
93$10,977,394$0$0$4,756,785
94$11,945,738$0$0$5,181,046
95$13,008,086$0$0$5,646,663
96$14,173,875$0$0$6,157,793
97$15,453,502$0$0$6,719,016
98$16,858,419$0$0$7,335,378
99$18,401,241$0$0$8,012,435
100$20,095,862$0$0$8,756,311