Can I retire at age 53 with 747,000?

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 $747,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$61,687$61,137$60,601$60,078$59,567$57,408
2 years$30,538$29,969$29,418$28,884$28,365$26,214
3 years$20,156$19,585$19,035$18,506$17,996$15,920
4 years$14,967$14,397$13,853$13,333$12,835$10,850
5 years$11,854$11,288$10,750$10,241$9,757$7,868
6 years$9,779$9,217$8,688$8,190$7,720$5,929
7 years$8,298$7,741$7,220$6,733$6,279$4,584
8 years$7,187$6,635$6,123$5,648$5,209$3,610
9 years$6,324$5,777$5,274$4,811$4,387$2,881
10 years$5,634$5,092$4,598$4,147$3,738$2,323
11 years$5,069$4,533$4,048$3,609$3,214$1,888
12 years$4,599$4,069$3,592$3,166$2,786$1,544
13 years$4,202$3,677$3,209$2,795$2,429$1,269
14 years$3,862$3,342$2,884$2,481$2,129$1,047
15 years$3,567$3,053$2,604$2,213$1,875$866
16 years$3,309$2,801$2,361$1,981$1,657$719
17 years$3,082$2,580$2,148$1,780$1,469$598
18 years$2,881$2,384$1,961$1,604$1,306$498
19 years$2,701$2,209$1,795$1,450$1,164$415
20 years$2,539$2,053$1,647$1,313$1,040$347
21 years$2,392$1,912$1,515$1,191$931$290
22 years$2,260$1,785$1,397$1,083$834$243
23 years$2,139$1,670$1,289$987$749$203
24 years$2,028$1,564$1,193$900$673$170
25 years$1,926$1,468$1,105$822$606$143
26 years$1,832$1,380$1,024$751$546$120
27 years$1,745$1,298$951$688$492$100
28 years$1,665$1,224$884$630$444$84
29 years$1,590$1,154$823$578$401$71
30 years$1,521$1,090$767$530$362$59
31 years$1,456$1,030$715$487$327$50
32 years$1,395$975$667$448$296$42
33 years$1,338$923$623$412$268$35
34 years$1,284$875$582$379$243$30
35 years$1,234$830$544$349$220$25
36 years$1,186$788$509$321$199$21
37 years$1,142$748$476$296$180$18
38 years$1,099$711$446$273$164$15
39 years$1,059$676$418$251$148$12
40 years$1,021$643$392$232$135$10
41 years$985$612$367$214$122$9
42 years$951$583$344$197$111$7
43 years$919$556$323$182$101$6
44 years$888$530$303$168$91$5
45 years$858$505$285$155$83$4
46 years$830$482$268$144$75$4
47 years$803$460$251$133$68$3
48 years$777$439$236$123$62$3
49 years$753$419$222$113$56$2
50 years$729$400$209$105$51$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $747,000, adding $2,947 every year, while hoping to spend $24,553 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: 53/18/29 Blend
52$747,000$747,000$747,000$747,000
53$826,234$786,643$775,064$863,182
54$884,385$799,064$774,905$901,561
55$947,646$811,271$773,917$940,577
56$1,016,510$823,227$772,047$982,556
57$1,091,522$834,894$769,239$1,027,793
58$1,173,283$846,229$765,434$1,076,612
59$1,262,451$857,188$760,570$1,129,370
60$1,359,754$867,723$754,582$1,186,465
61$1,465,990$877,783$747,402$1,248,333
62$1,582,041$887,314$738,959$1,315,457
63$1,708,873$896,257$729,179$1,388,368
64$1,847,555$904,550$717,983$1,467,656
65$1,999,260$912,127$705,289$1,553,969
66$2,165,281$918,918$691,014$1,648,023
67$2,347,043$924,848$675,066$1,750,609
68$2,546,113$929,837$657,352$1,862,601
69$2,764,218$933,801$637,774$1,984,960
70$3,003,259$936,648$616,230$2,118,750
71$3,265,330$938,282$592,613$2,265,143
72$3,552,739$938,603$566,811$2,425,436
73$3,868,025$937,502$538,706$2,601,055
74$4,213,987$934,862$508,176$2,793,576
75$4,593,707$930,564$475,093$3,004,739
76$5,010,579$924,476$439,323$3,236,462
77$5,468,345$916,462$400,727$3,490,862
78$5,971,124$906,376$359,159$3,770,274
79$6,523,454$894,064$314,466$4,077,274
80$7,130,334$879,361$266,489$4,414,702
81$7,797,273$862,095$215,061$4,785,695
82$8,530,339$842,082$160,010$5,193,709
83$9,336,217$819,127$101,153$5,642,557
84$10,222,271$793,024$38,302$6,136,447
85$11,196,616$763,556$0$6,680,016
86$12,268,192$730,491$0$7,287,284
87$13,446,849$693,586$0$7,968,218
88$14,743,438$652,583$0$8,717,242
89$16,169,918$607,209$0$9,541,287
90$17,739,462$557,174$0$10,447,994
91$19,466,586$502,175$0$11,445,783
92$21,367,285$441,888$0$12,543,933
93$23,459,180$375,973$0$13,752,672
94$25,761,691$304,070$0$15,083,273
95$28,296,212$225,798$0$16,548,160
96$31,086,320$140,756$0$18,161,026
97$34,157,991$48,520$0$19,936,962
98$37,539,850$0$0$21,892,603
99$41,263,437$0$0$24,056,451
100$45,363,508$0$0$26,449,756