Can I retire at age 53 with 741,000?

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 $741,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$61,191$60,646$60,114$59,595$59,088$57,590
2 years$30,293$29,728$29,182$28,652$28,137$26,637
3 years$19,994$19,428$18,882$18,357$17,851$16,397
4 years$14,846$14,282$13,742$13,225$12,732$11,334
5 years$11,758$11,197$10,664$10,158$9,679$8,341
6 years$9,700$9,143$8,618$8,124$7,658$6,383
7 years$8,231$7,678$7,162$6,679$6,228$5,015
8 years$7,129$6,582$6,074$5,603$5,167$4,015
9 years$6,273$5,731$5,231$4,772$4,351$3,259
10 years$5,588$5,051$4,561$4,114$3,708$2,675
11 years$5,029$4,497$4,015$3,580$3,189$2,213
12 years$4,562$4,036$3,563$3,140$2,763$1,844
13 years$4,168$3,647$3,184$2,772$2,410$1,544
14 years$3,831$3,315$2,861$2,461$2,112$1,299
15 years$3,538$3,029$2,583$2,195$1,860$1,097
16 years$3,283$2,779$2,342$1,965$1,644$928
17 years$3,058$2,559$2,131$1,766$1,457$788
18 years$2,858$2,365$1,945$1,591$1,296$670
19 years$2,679$2,192$1,781$1,438$1,155$571
20 years$2,518$2,037$1,634$1,302$1,032$487
21 years$2,373$1,897$1,503$1,182$923$416
22 years$2,242$1,771$1,385$1,075$828$356
23 years$2,121$1,656$1,279$979$743$305
24 years$2,011$1,552$1,183$893$668$261
25 years$1,910$1,456$1,096$815$601$224
26 years$1,817$1,369$1,016$745$541$192
27 years$1,731$1,288$944$682$488$165
28 years$1,652$1,214$877$625$440$141
29 years$1,577$1,145$816$573$398$121
30 years$1,508$1,081$760$526$359$104
31 years$1,444$1,022$709$483$325$90
32 years$1,384$967$661$444$294$77
33 years$1,327$916$618$408$266$66
34 years$1,274$868$577$376$241$57
35 years$1,224$823$539$346$218$49
36 years$1,177$782$505$319$198$42
37 years$1,132$742$472$293$179$36
38 years$1,090$705$442$270$162$31
39 years$1,051$671$414$249$147$27
40 years$1,013$638$388$230$134$23
41 years$977$608$364$212$121$20
42 years$943$579$342$196$110$17
43 years$911$551$321$181$100$15
44 years$880$525$301$167$91$13
45 years$851$501$283$154$82$11
46 years$823$478$265$142$75$9
47 years$797$456$249$132$68$8
48 years$771$435$234$122$62$7
49 years$747$416$220$112$56$6
50 years$723$397$207$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $741,000, adding $3,796 every year, while hoping to spend $50,484 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: 85/9/6 Blend
52$741,000$741,000$741,000$741,000
53$820,498$781,225$769,739$889,682
54$850,474$765,790$741,811$919,939
55$881,815$747,907$711,255$945,871
56$914,609$727,403$677,930$972,749
57$948,947$704,093$641,688$1,000,632
58$984,930$677,785$602,376$1,029,589
59$1,022,668$648,271$559,831$1,059,693
60$1,062,280$615,336$513,885$1,091,022
61$1,103,894$578,749$464,361$1,123,667
62$1,147,650$538,267$411,076$1,157,723
63$1,193,701$493,633$353,838$1,193,298
64$1,242,213$444,575$292,446$1,230,508
65$1,293,365$390,805$226,689$1,269,483
66$1,347,355$332,022$156,350$1,310,366
67$1,404,397$267,902$81,200$1,353,312
68$1,464,725$198,109$999$1,398,495
69$1,528,595$122,284$0$1,446,104
70$1,596,284$40,049$0$1,501,765
71$1,668,100$0$0$1,560,715
72$1,744,373$0$0$1,628,012
73$1,825,470$0$0$1,703,788
74$1,911,788$0$0$1,784,450
75$2,003,765$0$0$1,870,405
76$2,101,878$0$0$1,962,102
77$2,206,651$0$0$2,060,031
78$2,318,657$0$0$2,164,729
79$2,438,527$0$0$2,276,785
80$2,566,949$0$0$2,396,846
81$2,704,681$0$0$2,525,619
82$2,852,552$0$0$2,663,883
83$3,011,474$0$0$2,812,490
84$3,182,447$0$0$2,972,377
85$3,366,569$0$0$3,144,572
86$3,565,046$0$0$3,330,206
87$3,779,203$0$0$3,530,517
88$4,010,495$0$0$3,746,871
89$4,260,522$0$0$3,980,764
90$4,531,043$0$0$4,233,843
91$4,823,988$0$0$4,507,918
92$5,141,484$0$0$4,804,979
93$5,485,865$0$0$5,127,213
94$5,859,702$0$0$5,477,027
95$6,265,820$0$0$5,857,067
96$6,707,328$0$0$6,270,246
97$7,187,645$0$0$6,719,765
98$7,710,534$0$0$7,209,148
99$8,280,134$0$0$7,742,273
100$8,901,002$0$0$8,323,408