Can I retire at age 53 with 729,000?

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 $729,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$60,200$59,664$59,141$58,630$58,131$56,293
2 years$29,802$29,247$28,709$28,188$27,682$25,846
3 years$19,671$19,113$18,577$18,060$17,562$15,787
4 years$14,606$14,050$13,519$13,011$12,526$10,825
5 years$11,568$11,016$10,491$9,994$9,522$7,900
6 years$9,543$8,995$8,479$7,992$7,534$5,992
7 years$8,098$7,554$7,046$6,571$6,127$4,665
8 years$7,014$6,475$5,975$5,512$5,083$3,700
9 years$6,171$5,638$5,147$4,695$4,281$2,975
10 years$5,498$4,969$4,487$4,047$3,647$2,417
11 years$4,947$4,424$3,950$3,522$3,137$1,980
12 years$4,488$3,971$3,506$3,090$2,718$1,632
13 years$4,101$3,588$3,132$2,728$2,371$1,352
14 years$3,769$3,262$2,814$2,421$2,078$1,125
15 years$3,481$2,980$2,541$2,159$1,830$939
16 years$3,230$2,734$2,304$1,933$1,617$786
17 years$3,008$2,518$2,096$1,737$1,434$659
18 years$2,811$2,326$1,914$1,566$1,275$554
19 years$2,636$2,156$1,752$1,415$1,136$467
20 years$2,478$2,004$1,608$1,281$1,015$393
21 years$2,335$1,866$1,479$1,163$908$332
22 years$2,205$1,742$1,363$1,057$814$280
23 years$2,087$1,629$1,258$963$731$237
24 years$1,979$1,527$1,164$878$657$200
25 years$1,879$1,433$1,078$802$591$170
26 years$1,788$1,346$1,000$733$532$144
27 years$1,703$1,267$928$671$480$122
28 years$1,625$1,194$863$615$433$103
29 years$1,552$1,126$803$564$391$87
30 years$1,484$1,064$748$518$353$74
31 years$1,421$1,006$697$475$320$63
32 years$1,361$952$651$437$289$53
33 years$1,306$901$608$402$262$45
34 years$1,253$854$568$370$237$38
35 years$1,204$810$531$340$214$33
36 years$1,158$769$496$313$194$28
37 years$1,114$730$465$289$176$23
38 years$1,073$694$435$266$160$20
39 years$1,034$660$408$245$145$17
40 years$997$628$382$226$131$14
41 years$962$598$358$209$119$12
42 years$928$569$336$193$108$10
43 years$896$542$315$178$98$9
44 years$866$517$296$164$89$7
45 years$837$493$278$152$81$6
46 years$810$470$261$140$73$5
47 years$784$449$245$129$67$5
48 years$759$428$231$120$61$4
49 years$735$409$217$111$55$3
50 years$712$391$204$102$50$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $729,000, adding $5,063 every year, while hoping to spend $26,306 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: 42/44/14 Blend
52$729,000$729,000$729,000$729,000
53$808,580$769,943$758,644$839,026
54$863,066$779,681$756,069$870,661
55$922,228$789,015$752,526$901,899
56$986,515$797,896$747,956$935,155
57$1,056,421$806,274$742,294$970,623
58$1,132,489$814,095$735,474$1,008,520
59$1,215,319$821,302$727,428$1,049,088
60$1,305,568$827,832$718,083$1,092,592
61$1,403,960$833,620$707,363$1,139,325
62$1,511,292$838,596$695,189$1,189,614
63$1,628,443$842,686$681,476$1,243,818
64$1,756,377$845,810$666,139$1,302,335
65$1,896,159$847,886$649,085$1,365,605
66$2,048,958$848,823$630,221$1,434,115
67$2,216,063$848,527$609,445$1,508,404
68$2,398,894$846,897$586,653$1,589,066
69$2,599,012$843,826$561,737$1,676,760
70$2,818,138$839,201$534,583$1,772,214
71$3,058,168$832,901$505,070$1,876,231
72$3,321,186$824,799$473,075$1,989,701
73$3,609,492$814,758$438,468$2,113,605
74$3,925,615$802,636$401,112$2,249,029
75$4,272,343$788,281$360,864$2,397,173
76$4,652,747$771,532$317,578$2,559,362
77$5,070,207$752,217$271,097$2,737,060
78$5,528,450$730,157$221,260$2,931,884
79$6,031,577$705,160$167,897$3,145,620
80$6,584,108$677,023$110,833$3,380,243
81$7,191,023$645,533$49,882$3,637,931
82$7,857,807$610,464$0$3,921,089
83$8,590,501$571,574$0$4,234,642
84$9,395,763$528,612$0$4,587,356
85$10,280,926$481,309$0$4,975,043
86$11,254,069$429,383$0$5,401,311
87$12,324,095$372,533$0$5,870,142
88$13,500,810$310,444$0$6,385,930
89$14,795,019$242,783$0$6,953,520
90$16,218,627$169,195$0$7,578,260
91$17,784,750$89,308$0$8,266,049
92$19,507,840$2,730$0$9,023,393
93$21,403,820$0$0$9,857,470
94$23,490,235$0$0$10,820,237
95$25,786,415$0$0$11,881,363
96$28,313,662$0$0$13,049,385
97$31,095,444$0$0$14,335,163
98$34,157,623$0$0$15,750,665
99$37,528,693$0$0$17,309,077
100$41,240,052$0$0$19,024,930