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%16.2%
1 years$55,658$55,163$54,679$54,207$53,746$52,383
2 years$27,554$27,040$26,543$26,061$25,593$24,229
3 years$18,187$17,671$17,175$16,697$16,237$14,914
4 years$13,504$12,990$12,499$12,030$11,581$10,309
5 years$10,695$10,184$9,700$9,240$8,803$7,587
6 years$8,823$8,316$7,839$7,389$6,966$5,806
7 years$7,487$6,984$6,514$6,075$5,665$4,561
8 years$6,485$5,987$5,525$5,096$4,700$3,652
9 years$5,706$5,212$4,758$4,341$3,958$2,965
10 years$5,083$4,595$4,148$3,742$3,372$2,433
11 years$4,574$4,090$3,652$3,257$2,900$2,013
12 years$4,150$3,671$3,241$2,856$2,513$1,677
13 years$3,791$3,318$2,896$2,522$2,192$1,405
14 years$3,484$3,016$2,602$2,239$1,921$1,181
15 years$3,218$2,755$2,349$1,996$1,692$997
16 years$2,986$2,528$2,130$1,788$1,495$845
17 years$2,781$2,328$1,938$1,606$1,326$717
18 years$2,599$2,151$1,769$1,447$1,179$610
19 years$2,437$1,993$1,620$1,308$1,051$520
20 years$2,291$1,852$1,486$1,185$938$443
21 years$2,159$1,725$1,367$1,075$840$379
22 years$2,039$1,611$1,260$977$753$324
23 years$1,930$1,506$1,163$890$676$277
24 years$1,830$1,411$1,076$812$607$238
25 years$1,738$1,325$997$741$546$204
26 years$1,653$1,245$924$678$492$175
27 years$1,575$1,172$858$621$444$150
28 years$1,502$1,104$798$569$400$129
29 years$1,435$1,041$743$521$362$110
30 years$1,372$984$692$479$327$95
31 years$1,313$930$645$439$295$82
32 years$1,258$880$602$404$267$70
33 years$1,207$833$562$371$242$60
34 years$1,159$790$525$342$219$52
35 years$1,113$749$491$315$198$45
36 years$1,070$711$459$290$180$38
37 years$1,030$675$430$267$163$33
38 years$992$642$402$246$148$28
39 years$956$610$377$227$134$24
40 years$921$581$353$209$121$21
41 years$889$553$331$193$110$18
42 years$858$526$311$178$100$16
43 years$829$501$292$164$91$13
44 years$801$478$274$152$82$11
45 years$774$456$257$140$75$10
46 years$749$435$241$130$68$9
47 years$725$415$227$120$62$7
48 years$701$396$213$111$56$6
49 years$679$378$200$102$51$5
50 years$658$361$188$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $674,000, adding $2,255 every year, while hoping to spend $50,641 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: 45/36/19 Blend
52$674,000$674,000$674,000$674,000
53$745,074$709,352$698,905$774,440
54$767,190$690,229$668,437$776,132
55$789,864$668,471$635,250$772,761
56$813,101$643,896$599,202$768,048
57$836,902$616,312$560,139$761,889
58$861,267$585,513$517,906$754,178
59$886,197$551,283$472,336$744,800
60$911,687$513,394$423,257$733,634
61$937,733$471,605$370,490$720,550
62$964,327$425,658$313,847$705,411
63$991,458$375,285$253,131$688,072
64$1,019,113$320,200$188,137$668,378
65$1,047,275$260,102$118,651$646,165
66$1,075,921$194,671$44,450$621,258
67$1,105,027$123,572$0$593,472
68$1,134,561$46,449$0$569,651
69$1,164,488$0$0$552,619
70$1,194,765$0$0$547,870
71$1,225,342$0$0$561,628
72$1,256,162$0$0$575,463
73$1,287,160$0$0$589,339
74$1,318,260$0$0$603,219
75$1,349,377$0$0$617,059
76$1,380,411$0$0$630,808
77$1,411,254$0$0$644,410
78$1,441,778$0$0$657,801
79$1,471,843$0$0$670,909
80$1,501,290$0$0$683,654
81$1,529,939$0$0$695,945
82$1,557,588$0$0$707,679
83$1,584,013$0$0$718,745
84$1,608,961$0$0$729,013
85$1,632,151$0$0$738,343
86$1,653,266$0$0$746,577
87$1,671,957$0$0$753,537
88$1,687,831$0$0$759,028
89$1,700,451$0$0$762,831
90$1,709,334$0$0$764,702
91$1,713,939$0$0$764,373
92$1,713,667$0$0$761,542
93$1,707,851$0$0$755,878
94$1,695,753$0$0$747,011
95$1,676,553$0$0$734,531
96$1,649,341$0$0$717,985
97$1,613,109$0$0$696,870
98$1,566,741$0$0$670,630
99$1,509,000$0$0$638,647
100$1,438,517$0$0$600,240