Can I retire at age 53 with 743,000?

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 $743,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$61,356$60,810$60,277$59,756$59,248$57,513
2 years$30,374$29,809$29,260$28,729$28,213$26,479
3 years$20,048$19,480$18,933$18,407$17,900$16,221
4 years$14,886$14,320$13,779$13,261$12,766$11,156
5 years$11,790$11,227$10,693$10,186$9,705$8,167
6 years$9,727$9,168$8,641$8,146$7,679$6,215
7 years$8,253$7,699$7,181$6,697$6,245$4,855
8 years$7,149$6,600$6,090$5,618$5,181$3,864
9 years$6,290$5,746$5,245$4,785$4,363$3,119
10 years$5,603$5,065$4,573$4,125$3,718$2,543
11 years$5,042$4,509$4,026$3,590$3,197$2,091
12 years$4,575$4,047$3,573$3,149$2,771$1,731
13 years$4,179$3,657$3,192$2,780$2,416$1,440
14 years$3,841$3,324$2,868$2,468$2,118$1,203
15 years$3,548$3,037$2,590$2,201$1,865$1,008
16 years$3,292$2,786$2,348$1,971$1,648$848
17 years$3,066$2,566$2,136$1,771$1,461$714
18 years$2,865$2,371$1,950$1,596$1,299$603
19 years$2,686$2,198$1,785$1,442$1,158$510
20 years$2,525$2,042$1,639$1,306$1,034$432
21 years$2,380$1,902$1,507$1,185$926$366
22 years$2,248$1,776$1,389$1,078$830$311
23 years$2,127$1,661$1,283$981$745$264
24 years$2,017$1,556$1,186$895$669$224
25 years$1,916$1,460$1,099$817$602$191
26 years$1,822$1,372$1,019$747$543$162
27 years$1,736$1,292$946$684$489$138
28 years$1,656$1,217$880$627$441$118
29 years$1,582$1,148$819$575$399$100
30 years$1,512$1,084$762$527$360$85
31 years$1,448$1,025$711$484$326$73
32 years$1,387$970$663$445$295$62
33 years$1,331$918$619$409$267$53
34 years$1,277$870$579$377$241$45
35 years$1,227$826$541$347$219$38
36 years$1,180$784$506$319$198$33
37 years$1,136$744$474$294$180$28
38 years$1,093$707$444$271$163$24
39 years$1,054$673$416$250$148$20
40 years$1,016$640$389$231$134$17
41 years$980$609$365$213$121$15
42 years$946$580$343$196$110$13
43 years$914$553$321$181$100$11
44 years$883$527$302$167$91$9
45 years$853$502$283$155$82$8
46 years$825$479$266$143$75$7
47 years$799$457$250$132$68$6
48 years$773$437$235$122$62$5
49 years$749$417$221$113$56$4
50 years$725$398$208$104$51$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $743,000, adding $6,020 every year, while hoping to spend $34,861 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: 43/37/20 Blend
52$743,000$743,000$743,000$743,000
53$824,996$785,617$774,100$855,434
54$872,053$787,020$762,941$878,945
55$922,743$787,324$750,239$900,537
56$977,397$786,437$735,907$923,212
57$1,036,383$784,264$719,851$947,086
58$1,100,103$780,702$701,975$972,291
59$1,169,000$775,643$682,177$998,974
60$1,243,560$768,971$660,352$1,027,298
61$1,324,318$760,566$636,389$1,057,447
62$1,411,861$750,296$610,171$1,089,625
63$1,506,836$738,026$581,577$1,124,060
64$1,609,954$723,611$550,481$1,161,007
65$1,721,998$706,895$516,750$1,200,749
66$1,843,826$687,717$480,245$1,243,602
67$1,976,385$665,905$440,822$1,289,918
68$2,120,717$641,274$398,330$1,340,089
69$2,277,967$613,634$352,611$1,394,549
70$2,449,395$582,778$303,500$1,453,783
71$2,636,391$548,491$250,825$1,518,328
72$2,840,481$510,545$194,405$1,588,784
73$3,063,345$468,698$134,053$1,665,814
74$3,306,836$422,693$69,574$1,750,156
75$3,572,991$372,262$761$1,842,628
76$3,864,052$317,119$0$1,944,138
77$4,182,489$256,963$0$2,071,202
78$4,531,023$191,474$0$2,210,611
79$4,912,648$120,316$0$2,363,491
80$5,330,662$43,135$0$2,531,264
81$5,788,696$0$0$2,715,507
82$6,290,750$0$0$2,934,428
83$6,841,229$0$0$3,193,813
84$7,444,985$0$0$3,478,398
85$8,107,362$0$0$3,790,713
86$8,834,245$0$0$4,133,546
87$9,632,118$0$0$4,509,968
88$10,508,123$0$0$4,923,360
89$11,470,127$0$0$5,377,451
90$12,526,795$0$0$5,876,344
91$13,687,675$0$0$6,424,561
92$14,963,284$0$0$7,027,084
93$16,365,208$0$0$7,689,402
94$17,906,213$0$0$8,417,562
95$19,600,359$0$0$9,218,225
96$21,463,142$0$0$10,098,731
97$23,511,630$0$0$11,067,166
98$25,764,631$0$0$12,132,440
99$28,242,864$0$0$13,304,369
100$30,969,159$0$0$14,593,769