Can I retire at age 53 with 676,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$55,823$55,326$54,841$54,368$53,905$52,990
2 years$27,635$27,121$26,622$26,138$25,669$24,750
3 years$18,241$17,724$17,226$16,747$16,286$15,391
4 years$13,544$13,029$12,536$12,065$11,615$10,752
5 years$10,727$10,215$9,729$9,267$8,830$8,001
6 years$8,849$8,341$7,862$7,411$6,987$6,193
7 years$7,509$7,005$6,533$6,093$5,682$4,923
8 years$6,504$6,004$5,541$5,111$4,714$3,990
9 years$5,723$5,228$4,772$4,354$3,970$3,280
10 years$5,098$4,608$4,161$3,753$3,382$2,727
11 years$4,587$4,102$3,663$3,266$2,909$2,287
12 years$4,162$3,682$3,251$2,865$2,521$1,931
13 years$3,803$3,328$2,904$2,529$2,198$1,640
14 years$3,495$3,025$2,610$2,245$1,927$1,400
15 years$3,228$2,763$2,356$2,002$1,697$1,199
16 years$2,995$2,535$2,136$1,793$1,499$1,030
17 years$2,789$2,335$1,944$1,611$1,330$888
18 years$2,607$2,157$1,774$1,452$1,182$767
19 years$2,444$1,999$1,624$1,312$1,054$664
20 years$2,298$1,858$1,491$1,188$941$575
21 years$2,165$1,731$1,371$1,078$842$499
22 years$2,045$1,615$1,264$980$755$434
23 years$1,935$1,511$1,167$893$678$378
24 years$1,835$1,416$1,079$814$609$329
25 years$1,743$1,328$1,000$744$548$287
26 years$1,658$1,249$927$680$494$250
27 years$1,579$1,175$861$622$445$218
28 years$1,507$1,107$800$570$402$191
29 years$1,439$1,045$745$523$363$167
30 years$1,376$986$694$480$328$146
31 years$1,317$933$647$441$296$127
32 years$1,262$882$603$405$268$111
33 years$1,211$836$563$373$243$97
34 years$1,162$792$526$343$220$85
35 years$1,117$751$492$316$199$75
36 years$1,074$713$460$291$180$65
37 years$1,033$677$431$268$163$57
38 years$995$644$404$247$148$50
39 years$959$612$378$228$134$44
40 years$924$582$354$210$122$38
41 years$892$554$332$194$110$34
42 years$861$528$312$179$100$29
43 years$831$503$292$165$91$26
44 years$803$479$275$152$83$23
45 years$776$457$258$141$75$20
46 years$751$436$242$130$68$17
47 years$727$416$227$120$62$15
48 years$703$397$214$111$56$13
49 years$681$379$201$103$51$12
50 years$660$362$189$95$46$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $676,000, adding $5,102 every year, while hoping to spend $20,699 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: 52/35/13 Blend
52$676,000$676,000$676,000$676,000
53$750,215$714,387$703,909$786,371
54$804,713$727,368$705,466$824,611
55$864,076$740,292$706,382$863,548
56$928,779$753,133$706,613$905,424
57$999,344$765,866$706,113$950,523
58$1,076,344$778,461$704,836$999,157
59$1,160,414$790,887$702,730$1,051,670
60$1,252,248$803,113$699,743$1,108,443
61$1,352,614$815,102$695,821$1,169,893
62$1,462,355$826,816$690,906$1,236,484
63$1,582,400$838,216$684,936$1,308,725
64$1,713,774$849,257$677,850$1,387,177
65$1,857,601$859,893$669,580$1,472,460
66$2,015,123$870,074$660,058$1,565,257
67$2,187,705$879,747$649,210$1,666,323
68$2,376,853$888,857$636,960$1,776,488
69$2,584,222$897,341$623,229$1,896,670
70$2,811,639$905,137$607,933$2,027,878
71$3,061,113$912,176$590,985$2,171,229
72$3,334,858$918,383$572,295$2,327,951
73$3,635,312$923,683$551,765$2,499,401
74$3,965,162$927,992$529,298$2,687,075
75$4,327,367$931,222$504,787$2,892,622
76$4,725,186$933,279$478,125$3,117,861
77$5,162,210$934,065$449,198$3,364,797
78$5,642,395$933,473$417,885$3,635,644
79$6,170,098$931,393$384,063$3,932,839
80$6,750,121$927,704$347,602$4,259,075
81$7,387,752$922,280$308,366$4,617,316
82$8,088,818$914,988$266,212$5,010,834
83$8,859,741$905,685$220,993$5,443,235
84$9,707,592$894,221$172,554$5,918,498
85$10,640,165$880,436$120,733$6,441,007
86$11,666,045$864,162$65,361$7,015,598
87$12,794,694$845,218$6,263$7,647,604
88$14,036,535$823,415$0$8,342,902
89$15,403,052$798,553$0$9,115,854
90$16,906,900$770,419$0$9,967,166
91$18,562,021$738,787$0$10,903,877
92$20,383,779$703,420$0$11,934,701
93$22,389,103$664,065$0$13,069,247
94$24,596,643$620,456$0$14,318,107
95$27,026,955$572,312$0$15,692,953
96$29,702,683$519,335$0$17,206,654
97$32,648,784$461,209$0$18,873,394
98$35,892,755$397,603$0$20,708,808
99$39,464,895$328,165$0$22,730,131
100$43,398,593$252,523$0$24,956,358