Can I retire at age 53 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$55,658$55,163$54,679$54,207$53,746$53,184
2 years$27,554$27,040$26,543$26,061$25,593$25,028
3 years$18,187$17,671$17,175$16,697$16,237$15,686
4 years$13,504$12,990$12,499$12,030$11,581$11,047
5 years$10,695$10,184$9,700$9,240$8,803$8,289
6 years$8,823$8,316$7,839$7,389$6,966$6,471
7 years$7,487$6,984$6,514$6,075$5,665$5,191
8 years$6,485$5,987$5,525$5,096$4,700$4,246
9 years$5,706$5,212$4,758$4,341$3,958$3,524
10 years$5,083$4,595$4,148$3,742$3,372$2,958
11 years$4,574$4,090$3,652$3,257$2,900$2,506
12 years$4,150$3,671$3,241$2,856$2,513$2,138
13 years$3,791$3,318$2,896$2,522$2,192$1,835
14 years$3,484$3,016$2,602$2,239$1,921$1,582
15 years$3,218$2,755$2,349$1,996$1,692$1,370
16 years$2,986$2,528$2,130$1,788$1,495$1,191
17 years$2,781$2,328$1,938$1,606$1,326$1,038
18 years$2,599$2,151$1,769$1,447$1,179$907
19 years$2,437$1,993$1,620$1,308$1,051$794
20 years$2,291$1,852$1,486$1,185$938$696
21 years$2,159$1,725$1,367$1,075$840$612
22 years$2,039$1,611$1,260$977$753$538
23 years$1,930$1,506$1,163$890$676$474
24 years$1,830$1,411$1,076$812$607$418
25 years$1,738$1,325$997$741$546$369
26 years$1,653$1,245$924$678$492$326
27 years$1,575$1,172$858$621$444$288
28 years$1,502$1,104$798$569$400$255
29 years$1,435$1,041$743$521$362$226
30 years$1,372$984$692$479$327$200
31 years$1,313$930$645$439$295$177
32 years$1,258$880$602$404$267$157
33 years$1,207$833$562$371$242$139
34 years$1,159$790$525$342$219$123
35 years$1,113$749$491$315$198$110
36 years$1,070$711$459$290$180$97
37 years$1,030$675$430$267$163$86
38 years$992$642$402$246$148$77
39 years$956$610$377$227$134$68
40 years$921$581$353$209$121$60
41 years$889$553$331$193$110$54
42 years$858$526$311$178$100$48
43 years$829$501$292$164$91$42
44 years$801$478$274$152$82$38
45 years$774$456$257$140$75$33
46 years$749$435$241$130$68$30
47 years$725$415$227$120$62$26
48 years$701$396$213$111$56$23
49 years$679$378$200$102$51$21
50 years$658$361$188$94$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $674,000, adding $4,880 every year, while hoping to spend $37,760 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: 68/6/26 Blend
52$674,000$674,000$674,000$674,000
53$747,782$712,060$701,613$793,297
54$783,879$706,774$684,940$819,197
55$822,393$699,964$666,444$842,761
56$863,530$691,515$646,023$867,674
57$907,516$681,306$623,570$894,069
58$954,600$669,207$598,977$922,094
59$1,005,053$655,082$572,127$951,915
60$1,059,175$638,788$542,900$983,712
61$1,117,293$620,171$511,170$1,017,689
62$1,179,767$599,069$476,804$1,054,069
63$1,246,991$575,311$439,665$1,093,100
64$1,319,399$548,717$399,608$1,135,058
65$1,397,467$519,093$356,484$1,180,246
66$1,481,718$486,237$310,135$1,229,002
67$1,572,726$449,936$260,398$1,281,699
68$1,671,123$409,962$207,100$1,338,750
69$1,777,602$366,075$150,063$1,400,611
70$1,892,928$318,023$89,100$1,467,789
71$2,017,938$265,537$24,016$1,540,843
72$2,153,555$208,335$0$1,620,391
73$2,300,793$146,119$0$1,719,725
74$2,460,768$78,573$0$1,834,924
75$2,634,707$5,364$0$1,960,217
76$2,823,960$0$0$2,096,595
77$3,030,014$0$0$2,250,021
78$3,254,502$0$0$2,417,596
79$3,499,224$0$0$2,600,314
80$3,766,160$0$0$2,799,656
81$4,057,489$0$0$3,017,256
82$4,375,609$0$0$3,254,910
83$4,723,162$0$0$3,514,596
84$5,103,055$0$0$3,798,492
85$5,518,487$0$0$4,108,996
86$5,972,983$0$0$4,448,748
87$6,470,424$0$0$4,820,655
88$7,015,082$0$0$5,227,917
89$7,611,663$0$0$5,674,060
90$8,265,347$0$0$6,162,966
91$8,981,842$0$0$6,698,910
92$9,767,433$0$0$7,286,601
93$10,629,041$0$0$7,931,225
94$11,574,291$0$0$8,638,494
95$12,611,581$0$0$9,414,701
96$13,750,161$0$0$10,266,776
97$15,000,221$0$0$11,202,354
98$16,372,984$0$0$12,229,844
99$17,880,815$0$0$13,358,511
100$19,537,335$0$0$14,598,560