Can I retire at age 53 with 676,000?

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 $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%19.4%
1 years$55,823$55,326$54,841$54,368$53,905$51,869
2 years$27,635$27,121$26,622$26,138$25,669$23,641
3 years$18,241$17,724$17,226$16,747$16,286$14,330
4 years$13,544$13,029$12,536$12,065$11,615$9,746
5 years$10,727$10,215$9,729$9,267$8,830$7,053
6 years$8,849$8,341$7,862$7,411$6,987$5,303
7 years$7,509$7,005$6,533$6,093$5,682$4,091
8 years$6,504$6,004$5,541$5,111$4,714$3,214
9 years$5,723$5,228$4,772$4,354$3,970$2,559
10 years$5,098$4,608$4,161$3,753$3,382$2,058
11 years$4,587$4,102$3,663$3,266$2,909$1,668
12 years$4,162$3,682$3,251$2,865$2,521$1,361
13 years$3,803$3,328$2,904$2,529$2,198$1,115
14 years$3,495$3,025$2,610$2,245$1,927$917
15 years$3,228$2,763$2,356$2,002$1,697$757
16 years$2,995$2,535$2,136$1,793$1,499$626
17 years$2,789$2,335$1,944$1,611$1,330$519
18 years$2,607$2,157$1,774$1,452$1,182$431
19 years$2,444$1,999$1,624$1,312$1,054$359
20 years$2,298$1,858$1,491$1,188$941$299
21 years$2,165$1,731$1,371$1,078$842$249
22 years$2,045$1,615$1,264$980$755$208
23 years$1,935$1,511$1,167$893$678$173
24 years$1,835$1,416$1,079$814$609$145
25 years$1,743$1,328$1,000$744$548$121
26 years$1,658$1,249$927$680$494$101
27 years$1,579$1,175$861$622$445$85
28 years$1,507$1,107$800$570$402$71
29 years$1,439$1,045$745$523$363$59
30 years$1,376$986$694$480$328$50
31 years$1,317$933$647$441$296$41
32 years$1,262$882$603$405$268$35
33 years$1,211$836$563$373$243$29
34 years$1,162$792$526$343$220$24
35 years$1,117$751$492$316$199$20
36 years$1,074$713$460$291$180$17
37 years$1,033$677$431$268$163$14
38 years$995$644$404$247$148$12
39 years$959$612$378$228$134$10
40 years$924$582$354$210$122$8
41 years$892$554$332$194$110$7
42 years$861$528$312$179$100$6
43 years$831$503$292$165$91$5
44 years$803$479$275$152$83$4
45 years$776$457$258$141$75$3
46 years$751$436$242$130$68$3
47 years$727$416$227$120$62$2
48 years$703$397$214$111$56$2
49 years$681$379$201$103$51$2
50 years$660$362$189$95$46$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $676,000, adding $2,879 every year, while hoping to spend $47,729 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: 50/20/30 Blend
52$676,000$676,000$676,000$676,000
53$747,922$712,094$701,616$778,828
54$773,426$696,203$674,337$784,897
55$799,933$677,934$644,544$786,546
56$827,493$657,120$612,103$787,423
57$856,162$633,584$576,873$787,480
58$886,000$607,138$538,708$786,663
59$917,070$577,587$497,453$784,920
60$949,442$544,719$452,948$782,195
61$983,189$508,313$405,025$778,429
62$1,018,390$468,137$353,510$773,565
63$1,055,131$423,941$298,218$767,539
64$1,093,506$375,465$238,959$760,290
65$1,133,613$322,433$175,534$751,752
66$1,175,561$264,552$107,734$741,860
67$1,219,467$201,513$35,342$730,546
68$1,265,458$132,992$0$717,742
69$1,313,669$58,644$0$716,793
70$1,364,252$0$0$727,157
71$1,417,366$0$0$742,337
72$1,473,188$0$0$771,878
73$1,531,907$0$0$802,977
74$1,593,733$0$0$835,748
75$1,658,890$0$0$870,314
76$1,727,625$0$0$906,810
77$1,800,206$0$0$945,381
78$1,876,926$0$0$986,188
79$1,958,104$0$0$1,029,405
80$2,044,089$0$0$1,075,223
81$2,135,261$0$0$1,123,850
82$2,232,037$0$0$1,175,514
83$2,334,872$0$0$1,230,465
84$2,444,264$0$0$1,288,974
85$2,560,758$0$0$1,351,341
86$2,684,950$0$0$1,417,892
87$2,817,495$0$0$1,488,987
88$2,959,107$0$0$1,565,016
89$3,110,572$0$0$1,646,412
90$3,272,750$0$0$1,733,645
91$3,446,584$0$0$1,827,234
92$3,633,110$0$0$1,927,747
93$3,833,463$0$0$2,035,808
94$4,048,890$0$0$2,152,100
95$4,280,760$0$0$2,277,377
96$4,530,575$0$0$2,412,464
97$4,799,987$0$0$2,558,267
98$5,090,808$0$0$2,715,784
99$5,405,032$0$0$2,886,110
100$5,744,847$0$0$3,070,448