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%11.2%
1 years$55,741$55,244$54,760$54,287$53,825$53,554
2 years$27,594$27,081$26,582$26,100$25,631$25,357
3 years$18,214$17,697$17,201$16,722$16,261$15,993
4 years$13,524$13,009$12,518$12,047$11,598$11,338
5 years$10,711$10,200$9,714$9,254$8,816$8,565
6 years$8,836$8,329$7,851$7,400$6,976$6,734
7 years$7,498$6,994$6,524$6,084$5,673$5,440
8 years$6,494$5,996$5,533$5,104$4,707$4,483
9 years$5,714$5,220$4,765$4,347$3,964$3,749
10 years$5,091$4,601$4,155$3,747$3,377$3,172
11 years$4,581$4,096$3,658$3,261$2,905$2,708
12 years$4,156$3,677$3,246$2,861$2,517$2,329
13 years$3,797$3,323$2,900$2,526$2,195$2,016
14 years$3,489$3,020$2,606$2,242$1,924$1,754
15 years$3,223$2,759$2,353$1,999$1,694$1,532
16 years$2,991$2,531$2,133$1,790$1,497$1,343
17 years$2,785$2,331$1,941$1,608$1,328$1,181
18 years$2,603$2,154$1,772$1,450$1,180$1,041
19 years$2,440$1,996$1,622$1,310$1,052$920
20 years$2,294$1,855$1,489$1,186$940$815
21 years$2,162$1,728$1,369$1,077$841$723
22 years$2,042$1,613$1,262$979$754$643
23 years$1,932$1,509$1,165$892$677$572
24 years$1,832$1,414$1,078$813$608$509
25 years$1,740$1,327$998$743$547$454
26 years$1,655$1,247$926$679$493$405
27 years$1,577$1,173$860$621$444$362
28 years$1,504$1,106$799$569$401$324
29 years$1,437$1,043$744$522$362$289
30 years$1,374$985$693$479$327$259
31 years$1,315$931$646$440$296$232
32 years$1,260$881$602$404$268$208
33 years$1,209$834$563$372$242$186
34 years$1,160$791$526$342$219$167
35 years$1,115$750$491$315$199$150
36 years$1,072$712$460$290$180$134
37 years$1,032$676$430$267$163$120
38 years$993$643$403$246$148$108
39 years$957$611$378$227$134$97
40 years$923$581$354$210$122$87
41 years$890$553$332$193$110$78
42 years$859$527$311$178$100$70
43 years$830$502$292$165$91$63
44 years$802$479$274$152$82$57
45 years$775$456$257$140$75$51
46 years$750$435$242$130$68$46
47 years$726$416$227$120$62$41
48 years$702$397$213$111$56$37
49 years$680$379$201$102$51$33
50 years$659$362$189$95$46$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $675,000, adding $2,804 every year, while hoping to spend $46,699 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: 46/31/23 Blend
52$675,000$675,000$675,000$675,000
53$746,742$710,967$700,505$776,050
54$773,223$696,117$674,284$782,082
55$800,839$678,975$645,620$783,802
56$829,657$659,377$614,382$784,725
57$859,750$637,155$580,431$784,799
58$891,195$612,125$543,626$783,971
59$924,075$584,097$503,815$782,185
60$958,481$552,868$460,843$779,383
61$994,511$518,224$414,547$775,508
62$1,032,271$479,937$364,754$770,500
63$1,071,877$437,769$311,288$764,295
64$1,113,454$391,465$253,962$756,831
65$1,157,138$340,758$192,581$748,044
66$1,203,076$285,365$126,942$737,869
67$1,251,428$224,987$56,833$726,239
68$1,302,371$159,308$0$713,087
69$1,356,093$87,994$0$702,762
70$1,412,802$10,694$0$705,953
71$1,472,725$0$0$708,693
72$1,536,109$0$0$735,868
73$1,603,222$0$0$768,540
74$1,674,359$0$0$803,210
75$1,749,843$0$0$840,039
76$1,830,023$0$0$879,204
77$1,915,285$0$0$920,898
78$2,006,050$0$0$965,334
79$2,102,778$0$0$1,012,743
80$2,205,974$0$0$1,063,379
81$2,316,191$0$0$1,117,521
82$2,434,033$0$0$1,175,475
83$2,560,166$0$0$1,237,575
84$2,695,316$0$0$1,304,189
85$2,840,284$0$0$1,375,719
86$2,995,945$0$0$1,452,608
87$3,163,260$0$0$1,535,341
88$3,343,286$0$0$1,624,452
89$3,537,182$0$0$1,720,527
90$3,746,221$0$0$1,824,208
91$3,971,802$0$0$1,936,202
92$4,215,462$0$0$2,057,287
93$4,478,888$0$0$2,188,315
94$4,763,938$0$0$2,330,226
95$5,072,651$0$0$2,484,050
96$5,407,271$0$0$2,650,923
97$5,770,264$0$0$2,832,093
98$6,164,343$0$0$3,028,931
99$6,592,492$0$0$3,242,947
100$7,057,993$0$0$3,475,803