Can I retire at age 53 with 738,000?

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 $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$60,943$60,400$59,871$59,354$58,849$57,637
2 years$30,170$29,608$29,064$28,536$28,023$26,808
3 years$19,914$19,349$18,806$18,283$17,779$16,598
4 years$14,786$14,224$13,686$13,172$12,680$11,543
5 years$11,711$11,152$10,621$10,117$9,639$8,549
6 years$9,661$9,106$8,583$8,091$7,627$6,584
7 years$8,198$7,647$7,133$6,652$6,203$5,208
8 years$7,100$6,555$6,049$5,580$5,146$4,199
9 years$6,248$5,707$5,210$4,753$4,334$3,434
10 years$5,566$5,031$4,542$4,097$3,693$2,839
11 years$5,008$4,479$3,999$3,566$3,176$2,367
12 years$4,544$4,020$3,549$3,128$2,752$1,987
13 years$4,151$3,633$3,171$2,761$2,400$1,678
14 years$3,815$3,302$2,849$2,451$2,104$1,423
15 years$3,524$3,016$2,572$2,186$1,852$1,211
16 years$3,270$2,768$2,332$1,957$1,637$1,034
17 years$3,045$2,549$2,122$1,759$1,451$886
18 years$2,846$2,355$1,937$1,585$1,291$760
19 years$2,668$2,183$1,773$1,432$1,150$653
20 years$2,508$2,028$1,628$1,297$1,027$563
21 years$2,364$1,889$1,497$1,177$919$485
22 years$2,232$1,764$1,380$1,070$824$419
23 years$2,113$1,649$1,274$975$740$362
24 years$2,003$1,545$1,178$889$665$313
25 years$1,903$1,450$1,091$812$598$271
26 years$1,810$1,363$1,012$742$539$235
27 years$1,724$1,283$940$679$486$203
28 years$1,645$1,209$874$623$438$176
29 years$1,571$1,140$813$571$396$153
30 years$1,502$1,077$757$524$358$133
31 years$1,438$1,018$706$481$323$115
32 years$1,378$963$659$442$293$100
33 years$1,322$912$615$407$265$87
34 years$1,269$865$575$374$240$75
35 years$1,219$820$537$344$217$65
36 years$1,172$778$503$317$197$57
37 years$1,128$739$470$292$178$49
38 years$1,086$703$441$269$162$43
39 years$1,046$668$413$248$147$37
40 years$1,009$636$387$229$133$32
41 years$973$605$363$211$121$28
42 years$940$576$340$195$109$24
43 years$907$549$319$180$99$21
44 years$877$523$300$166$90$18
45 years$848$499$281$154$82$16
46 years$820$476$264$142$74$14
47 years$793$454$248$131$67$12
48 years$768$434$233$121$61$11
49 years$744$414$219$112$56$9
50 years$721$396$206$103$51$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $738,000, adding $3,404 every year, while hoping to spend $48,038 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: 42/50/8 Blend
52$738,000$738,000$738,000$738,000
53$816,787$777,673$766,234$849,038
54$848,987$764,667$740,791$858,841
55$882,862$749,414$712,885$864,324
56$918,531$731,752$682,384$869,164
57$956,125$711,512$649,148$873,321
58$995,787$688,513$613,032$876,752
59$1,037,672$662,565$573,883$879,419
60$1,081,949$633,465$531,542$881,280
61$1,128,803$601,000$485,844$882,296
62$1,178,435$564,943$436,614$882,426
63$1,231,067$525,057$383,672$881,632
64$1,286,938$481,087$326,828$879,879
65$1,346,313$432,768$265,884$877,131
66$1,409,480$379,816$200,633$873,358
67$1,476,753$321,934$130,861$868,530
68$1,548,480$258,805$56,342$862,625
69$1,625,036$190,099$0$855,623
70$1,706,838$115,462$0$849,490
71$1,794,339$34,523$0$847,503
72$1,888,037$0$0$844,872
73$1,988,479$0$0$870,855
74$2,096,263$0$0$919,183
75$2,212,048$0$0$971,164
76$2,336,555$0$0$1,027,132
77$2,470,576$0$0$1,087,451
78$2,614,981$0$0$1,152,523
79$2,770,727$0$0$1,222,788
80$2,938,863$0$0$1,298,730
81$3,120,542$0$0$1,380,882
82$3,317,034$0$0$1,469,828
83$3,529,730$0$0$1,566,211
84$3,760,164$0$0$1,670,739
85$4,010,020$0$0$1,784,189
86$4,281,150$0$0$1,907,417
87$4,575,591$0$0$2,041,364
88$4,895,586$0$0$2,187,063
89$5,243,598$0$0$2,345,654
90$5,622,340$0$0$2,518,391
91$6,034,797$0$0$2,706,651
92$6,484,253$0$0$2,911,952
93$6,974,320$0$0$3,135,965
94$7,508,978$0$0$3,380,527
95$8,092,604$0$0$3,647,662
96$8,730,018$0$0$3,939,598
97$9,426,525$0$0$4,258,788
98$10,187,966$0$0$4,607,932
99$11,020,773$0$0$4,990,003
100$11,932,025$0$0$5,408,275