Can I retire at age 53 with 737,000?

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 $737,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$60,861$60,319$59,790$59,274$58,769$56,482
2 years$30,129$29,568$29,024$28,497$27,985$25,709
3 years$19,887$19,323$18,781$18,258$17,755$15,561
4 years$14,766$14,204$13,667$13,154$12,663$10,568
5 years$11,695$11,136$10,606$10,104$9,626$7,635
6 years$9,648$9,094$8,572$8,080$7,617$5,731
7 years$8,187$7,637$7,123$6,643$6,195$4,414
8 years$7,091$6,546$6,041$5,573$5,139$3,461
9 years$6,239$5,700$5,203$4,747$4,328$2,751
10 years$5,558$5,024$4,536$4,092$3,688$2,208
11 years$5,001$4,473$3,994$3,561$3,171$1,787
12 years$4,538$4,014$3,544$3,123$2,748$1,454
13 years$4,146$3,628$3,166$2,758$2,397$1,189
14 years$3,810$3,298$2,845$2,448$2,101$976
15 years$3,519$3,012$2,569$2,183$1,850$804
16 years$3,265$2,764$2,329$1,955$1,635$664
17 years$3,041$2,545$2,119$1,756$1,449$549
18 years$2,842$2,352$1,935$1,583$1,289$455
19 years$2,665$2,180$1,771$1,430$1,149$378
20 years$2,505$2,026$1,625$1,295$1,026$314
21 years$2,360$1,887$1,495$1,176$918$261
22 years$2,229$1,761$1,378$1,069$823$217
23 years$2,110$1,647$1,272$973$739$181
24 years$2,001$1,543$1,177$888$664$151
25 years$1,900$1,448$1,090$811$598$126
26 years$1,808$1,361$1,011$741$538$105
27 years$1,722$1,281$939$679$485$87
28 years$1,643$1,207$872$622$438$73
29 years$1,569$1,139$812$570$395$61
30 years$1,500$1,075$756$523$357$51
31 years$1,436$1,017$705$481$323$42
32 years$1,376$962$658$442$292$35
33 years$1,320$911$614$406$264$30
34 years$1,267$863$574$374$239$25
35 years$1,217$819$537$344$217$21
36 years$1,171$777$502$317$196$17
37 years$1,126$738$470$292$178$14
38 years$1,085$702$440$269$161$12
39 years$1,045$667$412$248$146$10
40 years$1,008$635$386$229$133$8
41 years$972$604$362$211$120$7
42 years$938$575$340$195$109$6
43 years$906$548$319$180$99$5
44 years$876$523$299$166$90$4
45 years$847$498$281$153$82$3
46 years$819$475$264$142$74$3
47 years$792$454$248$131$67$2
48 years$767$433$233$121$61$2
49 years$743$414$219$112$56$2
50 years$720$395$206$103$50$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $737,000, adding $4,851 every year, while hoping to spend $51,248 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: 53/34/13 Blend
52$737,000$737,000$737,000$737,000
53$817,178$778,117$766,693$857,437
54$846,002$761,717$737,850$869,018
55$876,050$742,796$706,323$875,712
56$907,390$721,176$671,968$881,823
57$940,099$696,670$634,635$887,308
58$974,260$669,077$594,165$892,123
59$1,009,961$638,188$550,396$896,222
60$1,047,297$603,779$503,155$899,560
61$1,086,373$565,616$452,262$902,089
62$1,127,300$523,449$397,530$903,761
63$1,170,201$477,014$338,763$904,525
64$1,215,207$426,033$275,757$904,334
65$1,262,461$370,212$208,298$903,137
66$1,312,119$309,239$136,164$900,883
67$1,364,351$242,787$59,120$897,525
68$1,419,339$170,509$0$893,012
69$1,477,285$92,037$0$890,502
70$1,538,406$6,985$0$895,703
71$1,602,941$0$0$900,401
72$1,671,147$0$0$936,414
73$1,743,310$0$0$977,313
74$1,819,736$0$0$1,020,662
75$1,900,764$0$0$1,066,659
76$1,986,763$0$0$1,115,517
77$2,078,135$0$0$1,167,471
78$2,175,322$0$0$1,222,776
79$2,278,806$0$0$1,281,713
80$2,389,116$0$0$1,344,589
81$2,506,831$0$0$1,411,742
82$2,632,584$0$0$1,483,539
83$2,767,072$0$0$1,560,385
84$2,911,054$0$0$1,642,723
85$3,065,368$0$0$1,731,040
86$3,230,929$0$0$1,825,869
87$3,408,744$0$0$1,927,796
88$3,599,916$0$0$2,037,464
89$3,805,657$0$0$2,155,579
90$4,027,299$0$0$2,282,915
91$4,266,301$0$0$2,420,325
92$4,524,271$0$0$2,568,744
93$4,802,972$0$0$2,729,201
94$5,104,344$0$0$2,902,825
95$5,430,516$0$0$3,090,859
96$5,783,833$0$0$3,294,669
97$6,166,868$0$0$3,515,757
98$6,582,456$0$0$3,755,774
99$7,033,710$0$0$4,016,537
100$7,524,058$0$0$4,300,045