Can I retire at age 53 with 732,000?

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 $732,000?

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$60,448$59,909$59,384$58,871$58,371$56,322
2 years$29,925$29,367$28,827$28,304$27,796$25,753
3 years$19,752$19,192$18,653$18,134$17,635$15,663
4 years$14,666$14,108$13,575$13,065$12,577$10,691
5 years$11,616$11,061$10,535$10,035$9,561$7,765
6 years$9,583$9,032$8,513$8,025$7,565$5,861
7 years$8,131$7,585$7,075$6,598$6,153$4,539
8 years$7,043$6,502$6,000$5,535$5,104$3,581
9 years$6,197$5,661$5,168$4,714$4,298$2,864
10 years$5,520$4,990$4,505$4,064$3,662$2,313
11 years$4,967$4,442$3,966$3,537$3,150$1,884
12 years$4,507$3,987$3,520$3,102$2,730$1,543
13 years$4,118$3,603$3,145$2,739$2,380$1,271
14 years$3,784$3,275$2,826$2,431$2,087$1,051
15 years$3,495$2,992$2,551$2,168$1,837$872
16 years$3,243$2,745$2,313$1,941$1,624$725
17 years$3,021$2,528$2,105$1,744$1,440$604
18 years$2,823$2,336$1,921$1,572$1,280$504
19 years$2,647$2,165$1,759$1,420$1,141$422
20 years$2,488$2,012$1,614$1,286$1,019$353
21 years$2,344$1,874$1,485$1,168$912$296
22 years$2,214$1,749$1,369$1,062$817$248
23 years$2,096$1,636$1,264$967$734$208
24 years$1,987$1,533$1,169$882$660$175
25 years$1,887$1,439$1,082$805$594$147
26 years$1,795$1,352$1,004$736$535$124
27 years$1,710$1,272$932$674$482$104
28 years$1,631$1,199$867$617$435$87
29 years$1,558$1,131$806$566$393$74
30 years$1,490$1,068$751$520$355$62
31 years$1,426$1,010$700$477$321$52
32 years$1,367$955$653$439$290$44
33 years$1,311$905$610$403$263$37
34 years$1,258$858$570$371$238$31
35 years$1,209$813$533$342$215$26
36 years$1,163$772$499$315$195$22
37 years$1,119$733$467$290$177$19
38 years$1,077$697$437$267$160$16
39 years$1,038$663$409$246$145$13
40 years$1,001$630$384$227$132$11
41 years$965$600$360$210$120$9
42 years$932$572$338$194$109$8
43 years$900$545$317$179$99$7
44 years$870$519$297$165$89$6
45 years$841$495$279$152$81$5
46 years$813$472$262$141$74$4
47 years$787$451$246$130$67$3
48 years$762$430$231$120$61$3
49 years$738$411$218$111$55$2
50 years$715$392$205$103$50$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $732,000, adding $5,209 every year, while hoping to spend $40,921 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: 62/23/15 Blend
52$732,000$732,000$732,000$732,000
53$812,037$773,241$761,895$859,062
54$851,325$767,590$743,879$885,639
55$893,249$760,291$723,888$909,532
56$938,035$751,220$701,812$934,633
57$985,929$740,244$677,538$961,061
58$1,037,204$727,226$650,945$988,950
59$1,092,156$712,017$621,909$1,018,448
60$1,151,111$694,461$590,298$1,049,720
61$1,214,428$674,393$555,977$1,082,949
62$1,282,499$651,638$518,801$1,118,341
63$1,355,756$626,010$478,623$1,156,120
64$1,434,671$597,313$435,285$1,196,541
65$1,519,766$565,340$388,626$1,239,882
66$1,611,612$529,871$338,474$1,286,456
67$1,710,835$490,674$284,652$1,336,607
68$1,818,128$447,504$226,975$1,390,719
69$1,934,246$400,101$165,249$1,449,219
70$2,060,025$348,192$99,270$1,512,577
71$2,196,381$291,487$28,829$1,581,318
72$2,344,321$229,679$0$1,656,023
73$2,504,954$162,446$0$1,744,753
74$2,679,500$89,446$0$1,846,210
75$2,869,299$10,319$0$1,956,605
76$3,075,827$0$0$2,076,854
77$3,300,707$0$0$2,227,030
78$3,545,726$0$0$2,393,550
79$3,812,850$0$0$2,575,145
80$4,104,243$0$0$2,773,293
81$4,422,286$0$0$2,989,620
82$4,769,601$0$0$3,225,916
83$5,149,073$0$0$3,484,151
84$5,563,881$0$0$3,766,496
85$6,017,521$0$0$4,075,340
86$6,513,845$0$0$4,413,312
87$7,057,095$0$0$4,783,310
88$7,651,939$0$0$5,188,522
89$8,303,520$0$0$5,632,462
90$9,017,502$0$0$6,118,996
91$9,800,122$0$0$6,652,386
92$10,658,247$0$0$7,237,324
93$11,599,445$0$0$7,878,976
94$12,632,048$0$0$8,583,035
95$13,765,234$0$0$9,355,771
96$15,009,114$0$0$10,204,090
97$16,374,824$0$0$11,135,600
98$17,874,632$0$0$12,158,680
99$19,522,052$0$0$13,282,563
100$21,331,971$0$0$14,517,418