Can I retire at age 53 with 731,000?

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 $731,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$60,365$59,828$59,303$58,791$58,291$56,245
2 years$29,884$29,327$28,788$28,265$27,758$25,718
3 years$19,725$19,166$18,628$18,110$17,611$15,641
4 years$14,646$14,089$13,556$13,047$12,560$10,676
5 years$11,600$11,046$10,520$10,021$9,548$7,754
6 years$9,569$9,020$8,502$8,014$7,555$5,853
7 years$8,120$7,575$7,065$6,589$6,144$4,533
8 years$7,033$6,493$5,992$5,527$5,097$3,576
9 years$6,188$5,653$5,161$4,708$4,293$2,860
10 years$5,513$4,983$4,499$4,058$3,657$2,310
11 years$4,961$4,436$3,961$3,532$3,146$1,881
12 years$4,501$3,982$3,515$3,098$2,726$1,541
13 years$4,112$3,598$3,141$2,735$2,377$1,269
14 years$3,779$3,271$2,822$2,428$2,084$1,049
15 years$3,491$2,988$2,548$2,165$1,835$870
16 years$3,239$2,741$2,310$1,939$1,621$724
17 years$3,016$2,525$2,102$1,742$1,438$603
18 years$2,819$2,333$1,919$1,570$1,278$504
19 years$2,643$2,162$1,757$1,418$1,139$421
20 years$2,484$2,009$1,612$1,285$1,018$353
21 years$2,341$1,871$1,483$1,166$911$295
22 years$2,211$1,747$1,367$1,060$816$248
23 years$2,093$1,634$1,262$965$733$208
24 years$1,984$1,531$1,167$881$659$175
25 years$1,885$1,437$1,081$804$593$147
26 years$1,793$1,350$1,002$735$534$123
27 years$1,708$1,271$931$673$481$104
28 years$1,629$1,197$865$617$434$87
29 years$1,556$1,130$805$565$392$73
30 years$1,488$1,067$750$519$354$62
31 years$1,424$1,008$699$477$320$52
32 years$1,365$954$652$438$290$44
33 years$1,309$904$609$403$262$37
34 years$1,257$856$569$371$237$31
35 years$1,207$812$532$341$215$26
36 years$1,161$771$498$314$195$22
37 years$1,117$732$466$290$177$19
38 years$1,076$696$436$267$160$16
39 years$1,037$662$409$246$145$13
40 years$999$630$383$227$132$11
41 years$964$599$359$209$119$9
42 years$931$571$337$193$108$8
43 years$899$544$316$178$98$7
44 years$869$518$297$165$89$6
45 years$840$494$279$152$81$5
46 years$812$472$262$141$74$4
47 years$786$450$246$130$67$3
48 years$761$430$231$120$61$3
49 years$737$410$217$111$55$2
50 years$714$392$204$102$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $731,000, adding $2,722 every year, while hoping to spend $54,728 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: 74/16/10 Blend
52$731,000$731,000$731,000$731,000
53$808,370$769,627$758,296$866,510
54$832,593$749,108$725,469$884,718
55$857,453$725,750$689,708$897,533
56$882,957$699,355$650,857$910,050
57$909,111$669,716$608,752$922,220
58$935,919$636,611$563,224$933,994
59$963,385$599,807$514,095$945,318
60$991,511$559,058$461,177$956,131
61$1,020,296$514,103$404,277$966,370
62$1,049,738$464,666$343,193$975,967
63$1,079,832$410,456$277,711$984,846
64$1,110,571$351,164$207,611$992,927
65$1,141,945$286,466$132,661$1,000,123
66$1,173,938$216,018$52,620$1,006,340
67$1,206,534$139,457$0$1,011,478
68$1,239,709$56,399$0$1,018,925
69$1,273,437$0$0$1,031,283
70$1,307,684$0$0$1,048,742
71$1,342,411$0$0$1,076,505
72$1,377,573$0$0$1,104,606
73$1,413,116$0$0$1,132,999
74$1,448,978$0$0$1,161,633
75$1,485,086$0$0$1,190,450
76$1,521,360$0$0$1,219,381
77$1,557,705$0$0$1,248,350
78$1,594,014$0$0$1,277,269
79$1,630,165$0$0$1,306,037
80$1,666,021$0$0$1,334,541
81$1,701,425$0$0$1,362,655
82$1,736,204$0$0$1,390,234
83$1,770,158$0$0$1,417,117
84$1,803,067$0$0$1,443,121
85$1,834,682$0$0$1,468,044
86$1,864,724$0$0$1,491,658
87$1,892,882$0$0$1,513,707
88$1,918,808$0$0$1,533,907
89$1,942,113$0$0$1,551,940
90$1,962,364$0$0$1,567,452
91$1,979,078$0$0$1,580,049
92$1,991,719$0$0$1,589,291
93$1,999,689$0$0$1,594,690
94$2,002,323$0$0$1,595,704
95$1,998,884$0$0$1,591,729
96$1,988,552$0$0$1,582,097
97$1,970,418$0$0$1,566,064
98$1,943,475$0$0$1,542,808
99$1,906,603$0$0$1,511,415
100$1,858,565$0$0$1,470,874