Can I retire at age 53 with 745,000?

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 $745,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$61,521$60,973$60,439$59,917$59,407$58,351
2 years$30,456$29,889$29,339$28,806$28,289$27,229
3 years$20,102$19,533$18,984$18,456$17,948$16,916
4 years$14,927$14,359$13,816$13,297$12,801$11,805
5 years$11,822$11,257$10,722$10,213$9,731$8,775
6 years$9,753$9,192$8,665$8,168$7,700$6,785
7 years$8,275$7,720$7,200$6,715$6,262$5,388
8 years$7,168$6,617$6,106$5,633$5,195$4,361
9 years$6,307$5,762$5,260$4,798$4,375$3,582
10 years$5,619$5,079$4,585$4,136$3,728$2,974
11 years$5,056$4,521$4,037$3,600$3,206$2,491
12 years$4,587$4,058$3,583$3,157$2,778$2,101
13 years$4,191$3,667$3,201$2,787$2,423$1,782
14 years$3,851$3,333$2,876$2,474$2,124$1,518
15 years$3,558$3,045$2,597$2,207$1,870$1,299
16 years$3,301$2,794$2,354$1,976$1,653$1,115
17 years$3,074$2,573$2,142$1,775$1,465$959
18 years$2,873$2,378$1,956$1,600$1,303$827
19 years$2,694$2,203$1,790$1,446$1,161$715
20 years$2,532$2,048$1,643$1,309$1,037$619
21 years$2,386$1,907$1,511$1,188$928$536
22 years$2,254$1,780$1,393$1,080$832$466
23 years$2,133$1,665$1,286$984$747$404
24 years$2,022$1,560$1,189$897$671$352
25 years$1,921$1,464$1,102$820$604$306
26 years$1,827$1,376$1,022$749$544$267
27 years$1,741$1,295$949$686$491$232
28 years$1,660$1,220$882$628$443$203
29 years$1,586$1,151$821$576$400$177
30 years$1,516$1,087$764$529$361$154
31 years$1,452$1,028$713$486$327$135
32 years$1,391$972$665$446$295$117
33 years$1,334$921$621$411$267$103
34 years$1,281$873$580$378$242$90
35 years$1,231$828$542$348$219$78
36 years$1,183$786$507$320$199$68
37 years$1,139$746$475$295$180$60
38 years$1,096$709$445$272$163$52
39 years$1,056$674$417$251$148$46
40 years$1,019$642$391$231$134$40
41 years$983$611$366$213$122$35
42 years$948$582$343$197$110$31
43 years$916$554$322$182$100$27
44 years$885$528$303$168$91$23
45 years$856$504$284$155$83$20
46 years$828$481$267$143$75$18
47 years$801$459$251$132$68$16
48 years$775$438$236$122$62$14
49 years$751$418$221$113$56$12
50 years$727$399$208$104$51$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $745,000, adding $3,680 every year, while hoping to spend $47,601 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: 33/41/26 Blend
52$745,000$745,000$745,000$745,000
53$824,786$785,301$773,753$845,370
54$858,267$773,134$749,027$849,069
55$893,568$758,775$721,877$848,535
56$930,824$742,066$692,172$847,018
57$970,182$722,842$659,774$844,463
58$1,011,804$700,925$624,540$840,815
59$1,055,865$676,128$586,319$836,016
60$1,102,558$648,252$544,955$830,008
61$1,152,092$617,089$500,284$822,735
62$1,204,695$582,417$452,134$814,138
63$1,260,620$544,001$400,326$804,160
64$1,320,140$501,594$344,674$792,744
65$1,383,556$454,934$284,982$779,833
66$1,451,196$403,743$221,046$765,374
67$1,523,420$347,729$152,654$749,315
68$1,600,624$286,582$79,582$731,607
69$1,683,240$219,977$1,601$712,204
70$1,771,742$147,567$0$691,066
71$1,866,651$68,989$0$690,800
72$1,968,538$0$0$690,680
73$2,078,029$0$0$697,598
74$2,195,812$0$0$738,601
75$2,322,642$0$0$782,837
76$2,459,349$0$0$830,604
77$2,606,844$0$0$882,234
78$2,766,128$0$0$938,087
79$2,938,300$0$0$998,562
80$3,124,570$0$0$1,064,097
81$3,326,266$0$0$1,135,172
82$3,544,849$0$0$1,212,316
83$3,781,926$0$0$1,296,112
84$4,039,262$0$0$1,387,200
85$4,318,802$0$0$1,486,283
86$4,622,682$0$0$1,594,137
87$4,953,254$0$0$1,711,614
88$5,313,105$0$0$1,839,652
89$5,705,081$0$0$1,979,284
90$6,132,315$0$0$2,131,646
91$6,598,254$0$0$2,297,988
92$7,106,693$0$0$2,479,689
93$7,661,808$0$0$2,678,263
94$8,268,197$0$0$2,895,380
95$8,930,922$0$0$3,132,876
96$9,655,554$0$0$3,392,775
97$10,448,231$0$0$3,677,305
98$11,315,706$0$0$3,988,919
99$12,265,419$0$0$4,330,318
100$13,305,561$0$0$4,704,477