Can I retire at age 53 with 744,000?

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 $744,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$61,439$60,892$60,358$59,836$59,328$57,776
2 years$30,415$29,849$29,300$28,768$28,251$26,699
3 years$20,075$19,507$18,959$18,432$17,924$16,419
4 years$14,907$14,339$13,797$13,279$12,783$11,338
5 years$11,806$11,242$10,707$10,200$9,718$8,335
6 years$9,740$9,180$8,653$8,157$7,689$6,371
7 years$8,264$7,709$7,191$6,706$6,253$5,000
8 years$7,158$6,608$6,098$5,626$5,188$3,998
9 years$6,298$5,754$5,252$4,792$4,369$3,242
10 years$5,611$5,072$4,579$4,130$3,723$2,657
11 years$5,049$4,515$4,031$3,595$3,202$2,196
12 years$4,581$4,052$3,578$3,153$2,774$1,827
13 years$4,185$3,662$3,197$2,784$2,419$1,528
14 years$3,846$3,329$2,872$2,471$2,121$1,284
15 years$3,553$3,041$2,593$2,204$1,867$1,082
16 years$3,296$2,790$2,351$1,973$1,650$915
17 years$3,070$2,570$2,139$1,773$1,463$775
18 years$2,869$2,374$1,953$1,598$1,301$659
19 years$2,690$2,201$1,788$1,444$1,160$560
20 years$2,529$2,045$1,641$1,308$1,036$477
21 years$2,383$1,905$1,509$1,187$927$407
22 years$2,251$1,778$1,391$1,079$831$348
23 years$2,130$1,663$1,284$983$746$297
24 years$2,020$1,558$1,188$896$670$254
25 years$1,918$1,462$1,100$818$603$218
26 years$1,825$1,374$1,020$748$543$186
27 years$1,738$1,293$947$685$490$160
28 years$1,658$1,219$881$628$442$137
29 years$1,584$1,150$820$576$399$117
30 years$1,514$1,086$763$528$361$101
31 years$1,450$1,026$712$485$326$86
32 years$1,389$971$664$446$295$74
33 years$1,332$920$620$410$267$64
34 years$1,279$872$579$377$242$55
35 years$1,229$827$542$347$219$47
36 years$1,182$785$507$320$198$40
37 years$1,137$745$474$295$180$35
38 years$1,095$708$444$272$163$30
39 years$1,055$674$416$250$148$25
40 years$1,017$641$390$231$134$22
41 years$981$610$366$213$122$19
42 years$947$581$343$197$110$16
43 years$915$553$322$182$100$14
44 years$884$528$302$168$91$12
45 years$855$503$284$155$83$10
46 years$827$480$266$143$75$9
47 years$800$458$250$132$68$8
48 years$774$437$235$122$62$6
49 years$750$418$221$113$56$6
50 years$726$399$208$104$51$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $744,000, adding $5,832 every year, while hoping to spend $28,560 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: 70/13/17 Blend
52$744,000$744,000$744,000$744,000
53$825,904$786,472$774,940$880,004
54$879,758$794,621$770,513$924,920
55$938,149$802,213$764,980$970,105
56$1,001,508$809,189$758,275$1,018,836
57$1,070,311$815,489$750,326$1,071,458
58$1,145,081$821,046$741,061$1,128,354
59$1,226,395$825,793$730,402$1,189,944
60$1,314,885$829,654$718,267$1,256,693
61$1,411,247$832,552$704,574$1,329,112
62$1,516,250$834,402$689,232$1,407,767
63$1,630,735$835,116$672,150$1,493,280
64$1,755,633$834,599$653,230$1,586,337
65$1,891,965$832,752$632,370$1,687,696
66$2,040,857$829,468$609,466$1,798,192
67$2,203,547$824,635$584,406$1,918,745
68$2,381,399$818,132$557,073$2,050,370
69$2,575,914$809,833$527,348$2,194,188
70$2,788,745$799,603$495,102$2,351,433
71$3,021,713$787,299$460,204$2,523,466
72$3,276,822$772,771$422,514$2,711,789
73$3,556,279$755,858$381,890$2,918,058
74$3,862,515$736,390$338,179$3,144,098
75$4,198,208$714,189$291,224$3,391,923
76$4,566,305$689,065$240,860$3,663,751
77$4,970,054$660,815$186,915$3,962,031
78$5,413,032$629,227$129,209$4,289,461
79$5,899,179$594,077$67,555$4,649,017
80$6,432,834$555,126$1,757$5,043,980
81$7,018,779$512,123$0$5,477,968
82$7,662,278$464,801$0$5,967,387
83$8,369,133$412,879$0$6,505,364
84$9,145,735$356,060$0$7,096,469
85$9,999,122$294,029$0$7,746,090
86$10,937,052$226,456$0$8,460,163
87$11,968,068$152,989$0$9,245,232
88$13,101,584$73,259$0$10,108,507
89$14,347,971$0$0$11,057,937
90$15,718,655$0$0$12,104,155
91$17,226,226$0$0$13,266,426
92$18,884,553$0$0$14,544,971
93$20,708,919$0$0$15,951,576
94$22,716,162$0$0$17,499,229
95$24,924,834$0$0$19,202,242
96$27,355,377$0$0$21,076,383
97$30,030,314$0$0$23,139,024
98$32,974,462$0$0$25,409,309
99$36,215,166$0$0$27,908,332
100$39,782,557$0$0$30,659,334