Can I retire at age 53 with 734,000?

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 $734,000?

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$60,613$60,073$59,546$59,032$58,530$56,476
2 years$30,006$29,448$28,906$28,381$27,872$25,823
3 years$19,806$19,244$18,704$18,184$17,683$15,705
4 years$14,706$14,147$13,612$13,100$12,612$10,720
5 years$11,647$11,091$10,563$10,062$9,587$7,786
6 years$9,609$9,057$8,537$8,047$7,586$5,877
7 years$8,153$7,606$7,094$6,616$6,169$4,552
8 years$7,062$6,520$6,016$5,550$5,118$3,591
9 years$6,214$5,676$5,182$4,727$4,310$2,871
10 years$5,536$5,004$4,518$4,075$3,672$2,320
11 years$4,981$4,454$3,977$3,546$3,158$1,889
12 years$4,519$3,998$3,530$3,111$2,737$1,548
13 years$4,129$3,613$3,154$2,746$2,387$1,274
14 years$3,794$3,284$2,834$2,438$2,092$1,054
15 years$3,505$3,000$2,558$2,174$1,842$874
16 years$3,252$2,753$2,319$1,947$1,628$727
17 years$3,029$2,535$2,111$1,749$1,444$606
18 years$2,831$2,342$1,927$1,576$1,284$506
19 years$2,654$2,171$1,764$1,424$1,144$423
20 years$2,495$2,017$1,619$1,290$1,022$354
21 years$2,351$1,879$1,489$1,171$914$297
22 years$2,220$1,754$1,372$1,064$820$249
23 years$2,101$1,641$1,267$969$736$209
24 years$1,992$1,537$1,172$884$661$175
25 years$1,892$1,442$1,085$807$595$147
26 years$1,800$1,356$1,007$738$536$124
27 years$1,715$1,276$935$676$483$104
28 years$1,636$1,202$869$619$436$88
29 years$1,563$1,134$809$568$394$74
30 years$1,494$1,071$753$521$356$62
31 years$1,430$1,013$702$479$322$52
32 years$1,370$958$655$440$291$44
33 years$1,314$907$612$404$263$37
34 years$1,262$860$572$372$238$31
35 years$1,212$816$534$343$216$26
36 years$1,166$774$500$316$196$22
37 years$1,122$735$468$291$177$19
38 years$1,080$699$438$268$161$16
39 years$1,041$664$410$247$146$13
40 years$1,003$632$385$228$132$11
41 years$968$602$361$210$120$9
42 years$934$573$338$194$109$8
43 years$903$546$318$179$99$7
44 years$872$521$298$165$90$6
45 years$843$496$280$153$81$5
46 years$815$473$263$141$74$4
47 years$789$452$247$130$67$3
48 years$764$431$232$120$61$3
49 years$740$412$218$111$55$2
50 years$717$393$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 $734,000, adding $2,040 every year, while hoping to spend $50,424 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: 45/31/24 Blend
52$734,000$734,000$734,000$734,000
53$810,972$772,070$760,693$841,768
54$840,041$756,251$732,526$847,906
55$870,384$737,967$701,725$849,484
56$902,079$717,043$668,148$850,190
57$935,209$693,296$631,649$849,968
58$969,864$666,530$592,073$848,761
59$1,006,140$636,540$549,257$846,510
60$1,044,142$603,107$503,033$843,154
61$1,083,986$566,000$453,226$838,632
62$1,125,793$524,975$399,650$832,880
63$1,169,699$479,774$342,113$825,832
64$1,215,849$430,124$280,415$817,423
65$1,264,402$375,736$214,345$807,586
66$1,315,531$316,307$143,685$796,252
67$1,369,422$251,513$68,206$783,355
68$1,426,281$181,016$0$768,824
69$1,486,331$104,455$0$755,755
70$1,549,815$21,451$0$759,763
71$1,616,999$0$0$763,366
72$1,688,172$0$0$789,900
73$1,763,651$0$0$825,841
74$1,843,782$0$0$864,042
75$1,928,945$0$0$904,690
76$2,019,552$0$0$947,988
77$2,116,058$0$0$994,160
78$2,218,959$0$0$1,043,450
79$2,328,798$0$0$1,096,126
80$2,446,171$0$0$1,152,481
81$2,571,731$0$0$1,212,838
82$2,706,194$0$0$1,277,550
83$2,850,344$0$0$1,347,004
84$3,005,043$0$0$1,421,625
85$3,171,237$0$0$1,501,881
86$3,349,962$0$0$1,588,282
87$3,542,358$0$0$1,681,393
88$3,749,676$0$0$1,781,831
89$3,973,288$0$0$1,890,275
90$4,214,706$0$0$2,007,472
91$4,475,586$0$0$2,134,240
92$4,757,752$0$0$2,271,482
93$5,063,207$0$0$2,420,189
94$5,394,153$0$0$2,581,450
95$5,753,013$0$0$2,756,463
96$6,142,450$0$0$2,946,546
97$6,565,391$0$0$3,153,149
98$7,025,060$0$0$3,377,865
99$7,525,000$0$0$3,622,451
100$8,069,110$0$0$3,888,836