Can I retire at age 53 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$55,741$55,244$54,760$54,287$53,825$52,847
2 years$27,594$27,081$26,582$26,100$25,631$24,649
3 years$18,214$17,697$17,201$16,722$16,261$15,306
4 years$13,524$13,009$12,518$12,047$11,598$10,676
5 years$10,711$10,200$9,714$9,254$8,816$7,932
6 years$8,836$8,329$7,851$7,400$6,976$6,129
7 years$7,498$6,994$6,524$6,084$5,673$4,865
8 years$6,494$5,996$5,533$5,104$4,707$3,936
9 years$5,714$5,220$4,765$4,347$3,964$3,230
10 years$5,091$4,601$4,155$3,747$3,377$2,680
11 years$4,581$4,096$3,658$3,261$2,905$2,243
12 years$4,156$3,677$3,246$2,861$2,517$1,891
13 years$3,797$3,323$2,900$2,526$2,195$1,603
14 years$3,489$3,020$2,606$2,242$1,924$1,365
15 years$3,223$2,759$2,353$1,999$1,694$1,167
16 years$2,991$2,531$2,133$1,790$1,497$1,000
17 years$2,785$2,331$1,941$1,608$1,328$860
18 years$2,603$2,154$1,772$1,450$1,180$741
19 years$2,440$1,996$1,622$1,310$1,052$640
20 years$2,294$1,855$1,489$1,186$940$554
21 years$2,162$1,728$1,369$1,077$841$480
22 years$2,042$1,613$1,262$979$754$416
23 years$1,932$1,509$1,165$892$677$361
24 years$1,832$1,414$1,078$813$608$314
25 years$1,740$1,327$998$743$547$273
26 years$1,655$1,247$926$679$493$237
27 years$1,577$1,173$860$621$444$207
28 years$1,504$1,106$799$569$401$180
29 years$1,437$1,043$744$522$362$157
30 years$1,374$985$693$479$327$137
31 years$1,315$931$646$440$296$119
32 years$1,260$881$602$404$268$104
33 years$1,209$834$563$372$242$91
34 years$1,160$791$526$342$219$79
35 years$1,115$750$491$315$199$69
36 years$1,072$712$460$290$180$60
37 years$1,032$676$430$267$163$53
38 years$993$643$403$246$148$46
39 years$957$611$378$227$134$40
40 years$923$581$354$210$122$35
41 years$890$553$332$193$110$31
42 years$859$527$311$178$100$27
43 years$830$502$292$165$91$23
44 years$802$479$274$152$82$21
45 years$775$456$257$140$75$18
46 years$750$435$242$130$68$16
47 years$726$416$227$120$62$14
48 years$702$397$213$111$56$12
49 years$680$379$201$102$51$10
50 years$659$362$189$95$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $675,000, adding $5,027 every year, while hoping to spend $49,671 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: 58/24/18 Blend
52$675,000$675,000$675,000$675,000
53$749,035$713,260$702,798$788,666
54$772,587$695,361$673,492$798,227
55$796,877$674,919$641,540$802,790
56$821,927$651,758$606,800$806,639
57$847,761$625,692$569,125$809,716
58$874,402$596,521$528,360$811,958
59$901,877$564,036$484,346$813,297
60$930,210$528,015$436,913$813,663
61$959,427$488,224$385,886$812,982
62$989,557$444,415$331,081$811,174
63$1,020,626$396,325$272,306$808,155
64$1,052,663$343,679$209,362$803,838
65$1,085,698$286,182$142,039$798,128
66$1,119,761$223,527$70,119$790,926
67$1,154,883$155,386$0$782,129
68$1,191,096$81,415$0$772,899
69$1,228,433$1,249$0$776,300
70$1,266,927$0$0$778,776
71$1,306,613$0$0$802,825
72$1,347,527$0$0$827,958
73$1,389,705$0$0$853,866
74$1,433,183$0$0$880,573
75$1,478,001$0$0$908,102
76$1,524,198$0$0$936,477
77$1,571,813$0$0$965,722
78$1,620,887$0$0$995,862
79$1,671,462$0$0$1,026,923
80$1,723,581$0$0$1,058,932
81$1,777,288$0$0$1,091,913
82$1,832,627$0$0$1,125,896
83$1,889,643$0$0$1,160,907
84$1,948,382$0$0$1,196,974
85$2,008,892$0$0$1,234,126
86$2,071,219$0$0$1,272,392
87$2,135,413$0$0$1,311,802
88$2,201,522$0$0$1,352,384
89$2,269,595$0$0$1,394,169
90$2,339,682$0$0$1,437,188
91$2,411,834$0$0$1,481,470
92$2,486,101$0$0$1,527,046
93$2,562,533$0$0$1,573,946
94$2,641,181$0$0$1,622,201
95$2,722,096$0$0$1,671,841
96$2,805,326$0$0$1,722,896
97$2,890,921$0$0$1,775,395
98$2,978,929$0$0$1,829,367
99$3,069,399$0$0$1,884,840
100$3,162,374$0$0$1,941,841