Can I retire at age 53 with 727,000?

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 $727,000?

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$60,035$59,500$58,978$58,469$57,972$56,686
2 years$29,720$29,167$28,630$28,110$27,606$26,316
3 years$19,617$19,061$18,526$18,010$17,514$16,262
4 years$14,566$14,012$13,482$12,976$12,491$11,286
5 years$11,536$10,985$10,463$9,966$9,496$8,341
6 years$9,517$8,970$8,455$7,970$7,514$6,411
7 years$8,075$7,533$7,026$6,553$6,111$5,059
8 years$6,995$6,457$5,959$5,497$5,069$4,069
9 years$6,155$5,622$5,132$4,682$4,269$3,320
10 years$5,483$4,956$4,475$4,036$3,637$2,738
11 years$4,934$4,412$3,939$3,513$3,128$2,277
12 years$4,476$3,960$3,496$3,081$2,711$1,907
13 years$4,089$3,579$3,124$2,720$2,364$1,606
14 years$3,758$3,253$2,806$2,415$2,072$1,358
15 years$3,472$2,972$2,534$2,153$1,825$1,153
16 years$3,221$2,726$2,297$1,928$1,613$982
17 years$3,000$2,511$2,090$1,732$1,430$838
18 years$2,804$2,320$1,908$1,561$1,271$717
19 years$2,628$2,150$1,747$1,411$1,133$615
20 years$2,471$1,998$1,603$1,278$1,012$528
21 years$2,328$1,861$1,475$1,160$906$454
22 years$2,199$1,737$1,359$1,054$812$390
23 years$2,081$1,625$1,255$960$729$336
24 years$1,973$1,522$1,161$876$655$290
25 years$1,874$1,429$1,075$800$589$250
26 years$1,783$1,343$997$731$531$216
27 years$1,699$1,264$926$669$479$186
28 years$1,620$1,191$861$613$432$161
29 years$1,548$1,123$801$562$390$139
30 years$1,480$1,061$746$516$352$120
31 years$1,417$1,003$695$474$319$104
32 years$1,357$949$649$436$288$90
33 years$1,302$899$606$401$261$78
34 years$1,250$852$566$369$236$68
35 years$1,201$808$529$339$214$58
36 years$1,155$767$495$312$194$51
37 years$1,111$728$463$288$176$44
38 years$1,070$692$434$265$159$38
39 years$1,031$658$407$245$144$33
40 years$994$626$381$226$131$28
41 years$959$596$357$208$119$25
42 years$926$568$335$192$108$21
43 years$894$541$315$177$98$18
44 years$864$516$295$164$89$16
45 years$835$492$277$151$81$14
46 years$808$469$260$140$73$12
47 years$782$448$245$129$66$10
48 years$757$427$230$119$60$9
49 years$733$408$216$110$55$8
50 years$710$390$203$102$50$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $727,000, adding $4,670 every year, while hoping to spend $25,259 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: 41/32/27 Blend
52$727,000$727,000$727,000$727,000
53$805,971$767,440$756,172$832,454
54$861,305$778,169$754,628$862,734
55$921,436$788,578$752,186$892,771
56$986,827$798,623$748,789$924,799
57$1,057,988$808,259$744,378$959,014
58$1,135,477$817,439$738,889$995,637
59$1,219,912$826,110$732,258$1,034,911
60$1,311,972$834,217$724,417$1,077,104
61$1,412,401$841,702$715,293$1,122,515
62$1,522,022$848,502$704,812$1,171,472
63$1,641,740$854,550$692,895$1,224,339
64$1,772,550$859,775$679,459$1,281,521
65$1,915,548$864,102$664,419$1,343,463
66$2,071,941$867,450$647,684$1,410,658
67$2,243,057$869,734$629,160$1,483,651
68$2,430,361$870,863$608,749$1,563,046
69$2,635,463$870,740$586,347$1,649,510
70$2,860,137$869,264$561,846$1,743,779
71$3,106,337$866,324$535,135$1,846,670
72$3,376,216$861,806$506,094$1,959,081
73$3,672,143$855,587$474,601$2,082,010
74$3,996,728$847,537$440,526$2,216,555
75$4,352,846$837,519$403,736$2,363,932
76$4,743,665$825,386$364,090$2,525,484
77$5,172,673$810,984$321,441$2,702,694
78$5,643,712$794,148$275,635$2,897,201
79$6,161,014$774,705$226,513$3,110,813
80$6,729,243$752,472$173,907$3,345,530
81$7,353,536$727,253$117,643$3,603,558
82$8,039,551$698,842$57,538$3,887,334
83$8,793,521$667,021$0$4,199,549
84$9,622,316$631,561$0$4,545,076
85$10,533,501$592,216$0$4,943,104
86$11,535,412$548,729$0$5,380,720
87$12,637,235$500,828$0$5,861,981
88$13,849,088$448,223$0$6,391,361
89$15,182,120$390,611$0$6,973,796
90$16,648,614$327,669$0$7,614,726
91$18,262,105$259,058$0$8,320,153
92$20,037,506$184,417$0$9,096,692
93$21,991,246$103,368$0$9,951,640
94$24,141,430$15,510$0$10,893,041
95$26,508,005$0$0$11,929,765
96$29,112,952$0$0$13,099,616
97$31,980,490$0$0$14,393,519
98$35,137,303$0$0$15,818,070
99$38,612,798$0$0$17,386,551
100$42,439,375$0$0$19,113,602