Can I retire at age 53 with 739,000?

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 $739,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$61,026$60,482$59,952$59,434$58,929$57,621
2 years$30,211$29,648$29,103$28,574$28,061$26,751
3 years$19,941$19,375$18,832$18,308$17,803$16,531
4 years$14,806$14,243$13,705$13,190$12,697$11,473
5 years$11,727$11,167$10,635$10,131$9,652$8,479
6 years$9,674$9,118$8,595$8,102$7,638$6,516
7 years$8,209$7,658$7,142$6,661$6,211$5,143
8 years$7,110$6,564$6,057$5,588$5,153$4,137
9 years$6,256$5,715$5,217$4,759$4,340$3,375
10 years$5,573$5,038$4,548$4,103$3,698$2,783
11 years$5,015$4,485$4,004$3,571$3,180$2,315
12 years$4,550$4,025$3,554$3,132$2,756$1,938
13 years$4,157$3,638$3,175$2,765$2,403$1,632
14 years$3,820$3,307$2,853$2,454$2,106$1,380
15 years$3,529$3,021$2,576$2,189$1,855$1,172
16 years$3,274$2,771$2,335$1,960$1,639$998
17 years$3,049$2,552$2,125$1,761$1,453$852
18 years$2,850$2,358$1,940$1,587$1,292$729
19 years$2,672$2,186$1,776$1,434$1,152$625
20 years$2,512$2,031$1,630$1,299$1,029$536
21 years$2,367$1,892$1,499$1,179$921$461
22 years$2,235$1,766$1,382$1,072$825$397
23 years$2,116$1,652$1,276$976$741$342
24 years$2,006$1,548$1,180$890$666$295
25 years$1,905$1,452$1,093$813$599$254
26 years$1,812$1,365$1,013$743$540$219
27 years$1,727$1,285$941$680$487$190
28 years$1,647$1,210$875$623$439$164
29 years$1,573$1,142$814$572$396$142
30 years$1,504$1,078$758$525$358$122
31 years$1,440$1,019$707$482$324$106
32 years$1,380$965$660$443$293$92
33 years$1,323$913$616$407$265$79
34 years$1,270$866$575$375$240$69
35 years$1,221$821$538$345$217$59
36 years$1,174$779$503$318$197$51
37 years$1,129$740$471$293$179$45
38 years$1,088$704$441$270$162$39
39 years$1,048$669$413$249$147$33
40 years$1,010$636$387$229$133$29
41 years$975$606$363$212$121$25
42 years$941$577$341$195$110$22
43 years$909$550$320$180$99$19
44 years$878$524$300$167$90$16
45 years$849$500$282$154$82$14
46 years$821$477$265$142$74$12
47 years$794$455$249$131$68$11
48 years$769$434$234$121$61$9
49 years$745$415$220$112$56$8
50 years$722$396$206$104$51$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $739,000, adding $6,174 every year, while hoping to spend $24,611 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: 61/25/14 Blend
52$739,000$739,000$739,000$739,000
53$820,746$781,579$770,125$867,617
54$878,277$793,691$769,738$911,987
55$940,850$805,571$768,514$957,054
56$1,008,955$817,182$766,397$1,005,642
57$1,083,129$828,485$763,332$1,058,093
58$1,163,964$839,436$759,259$1,114,786
59$1,252,110$849,990$754,116$1,176,137
60$1,348,284$860,098$747,838$1,242,606
61$1,453,274$869,708$740,355$1,314,698
62$1,567,948$878,764$731,597$1,392,973
63$1,693,261$887,206$721,488$1,478,046
64$1,830,266$894,972$709,951$1,570,597
65$1,980,121$901,993$696,902$1,671,375
66$2,144,101$908,198$682,255$1,781,205
67$2,323,610$913,510$665,922$1,900,999
68$2,520,194$917,849$647,806$2,031,762
69$2,735,557$921,126$627,811$2,174,600
70$2,971,573$923,251$605,832$2,330,736
71$3,230,308$924,125$581,762$2,501,516
72$3,514,037$923,644$555,488$2,688,427
73$3,825,264$921,698$526,892$2,893,107
74$4,166,749$918,170$495,852$3,117,361
75$4,541,533$912,935$462,237$3,363,183
76$4,952,962$905,861$425,915$3,632,769
77$5,404,724$896,809$386,744$3,928,540
78$5,900,884$885,630$344,577$4,253,169
79$6,445,915$872,167$299,262$4,609,600
80$7,044,748$856,253$250,637$5,001,081
81$7,702,815$837,712$198,536$5,431,192
82$8,426,099$816,357$142,784$5,903,881
83$9,221,193$791,990$83,198$6,423,503
84$10,095,358$764,401$19,589$6,994,856
85$11,056,597$733,369$0$7,623,233
86$12,113,724$698,659$0$8,321,681
87$13,276,453$660,022$0$9,093,013
88$14,555,486$617,197$0$9,941,423
89$15,962,611$569,906$0$10,874,764
90$17,510,822$517,855$0$11,901,691
91$19,214,430$460,735$0$13,031,746
92$21,089,208$398,217$0$14,275,444
93$23,152,533$329,955$0$15,644,375
94$25,423,552$255,584$0$17,151,314
95$27,923,363$174,716$0$18,810,343
96$30,675,213$86,944$0$20,636,980
97$33,704,717$0$0$22,648,333
98$37,040,101$0$0$24,865,500
99$40,712,465$0$0$27,333,078
100$44,756,079$0$0$30,050,185