Can I retire at age 53 with 673,000?

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 $673,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$55,576$55,081$54,598$54,126$53,666$53,194
2 years$27,513$27,000$26,504$26,022$25,555$25,080
3 years$18,160$17,645$17,150$16,673$16,213$15,749
4 years$13,484$12,971$12,481$12,012$11,563$11,114
5 years$10,679$10,169$9,685$9,226$8,790$8,357
6 years$8,810$8,304$7,827$7,378$6,956$6,538
7 years$7,476$6,974$6,504$6,066$5,657$5,256
8 years$6,475$5,978$5,516$5,089$4,693$4,309
9 years$5,697$5,205$4,751$4,334$3,952$3,585
10 years$5,076$4,588$4,142$3,736$3,367$3,017
11 years$4,567$4,084$3,647$3,252$2,896$2,561
12 years$4,144$3,666$3,236$2,852$2,510$2,191
13 years$3,786$3,313$2,891$2,518$2,188$1,885
14 years$3,479$3,011$2,598$2,235$1,918$1,630
15 years$3,214$2,751$2,346$1,993$1,689$1,415
16 years$2,982$2,524$2,127$1,785$1,493$1,233
17 years$2,777$2,324$1,935$1,604$1,324$1,078
18 years$2,596$2,148$1,767$1,445$1,177$945
19 years$2,433$1,991$1,617$1,306$1,049$829
20 years$2,287$1,850$1,484$1,183$937$730
21 years$2,155$1,723$1,365$1,073$838$643
22 years$2,036$1,608$1,258$976$752$568
23 years$1,927$1,504$1,162$889$675$502
24 years$1,827$1,409$1,074$811$606$444
25 years$1,735$1,323$995$740$546$393
26 years$1,651$1,243$923$677$492$348
27 years$1,572$1,170$857$620$443$309
28 years$1,500$1,102$797$568$400$274
29 years$1,433$1,040$741$521$361$243
30 years$1,370$982$691$478$326$216
31 years$1,311$928$644$439$295$192
32 years$1,257$878$601$403$267$171
33 years$1,205$832$561$371$241$152
34 years$1,157$788$524$341$219$135
35 years$1,112$748$490$314$198$120
36 years$1,069$710$458$289$179$107
37 years$1,029$674$429$267$163$95
38 years$990$641$402$246$147$85
39 years$954$609$376$227$134$76
40 years$920$580$353$209$121$67
41 years$888$552$331$193$110$60
42 years$857$525$310$178$100$54
43 years$828$501$291$164$91$48
44 years$800$477$273$152$82$43
45 years$773$455$257$140$75$38
46 years$748$434$241$129$68$34
47 years$723$414$226$120$62$30
48 years$700$396$213$110$56$27
49 years$678$378$200$102$51$24
50 years$657$361$188$94$46$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $673,000, adding $4,496 every year, while hoping to spend $34,122 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: 39/47/14 Blend
52$673,000$673,000$673,000$673,000
53$746,284$710,615$700,183$772,089
54$786,099$709,129$687,334$789,373
55$828,832$706,427$672,910$804,396
56$874,744$702,413$656,824$819,902
57$924,122$696,986$638,982$835,948
58$977,282$690,038$619,287$852,604
59$1,034,569$681,454$597,638$869,948
60$1,096,364$671,114$573,928$888,068
61$1,163,085$658,891$548,046$907,065
62$1,235,191$644,647$519,876$927,052
63$1,313,185$628,240$489,297$948,158
64$1,397,623$609,517$456,181$970,527
65$1,489,114$588,317$420,397$994,323
66$1,588,329$564,469$381,806$1,019,731
67$1,696,004$537,794$340,262$1,046,957
68$1,812,951$508,100$295,615$1,076,234
69$1,940,061$475,186$247,707$1,107,823
70$2,078,315$438,838$196,373$1,142,017
71$2,228,793$398,830$141,441$1,179,143
72$2,392,681$354,925$82,731$1,219,568
73$2,571,288$306,869$20,056$1,263,704
74$2,766,051$254,398$0$1,312,007
75$2,978,553$197,228$0$1,371,987
76$3,210,537$135,064$0$1,440,871
77$3,463,921$67,591$0$1,516,330
78$3,740,816$0$0$1,599,107
79$4,043,548$0$0$1,692,884
80$4,374,674$0$0$1,833,780
81$4,737,014$0$0$1,988,046
82$5,133,670$0$0$2,157,014
83$5,568,060$0$0$2,342,152
84$6,043,947$0$0$2,545,076
85$6,565,474$0$0$2,767,564
86$7,137,206$0$0$3,011,577
87$7,764,169$0$0$3,279,274
88$8,451,901$0$0$3,573,033
89$9,206,498$0$0$3,895,472
90$10,034,677$0$0$4,249,476
91$10,943,838$0$0$4,638,223
92$11,942,131$0$0$5,065,215
93$13,038,533$0$0$5,534,308
94$14,242,935$0$0$6,049,750
95$15,566,232$0$0$6,616,222
96$17,020,426$0$0$7,238,880
97$18,618,741$0$0$7,923,404
98$20,375,745$0$0$8,676,055
99$22,307,486$0$0$9,503,726
100$24,431,648$0$0$10,414,015