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%12.4%
1 years$55,823$55,326$54,841$54,368$53,905$53,364
2 years$27,635$27,121$26,622$26,138$25,669$25,125
3 years$18,241$17,724$17,226$16,747$16,286$15,754
4 years$13,544$13,029$12,536$12,065$11,615$11,100
5 years$10,727$10,215$9,729$9,267$8,830$8,334
6 years$8,849$8,341$7,862$7,411$6,987$6,510
7 years$7,509$7,005$6,533$6,093$5,682$5,225
8 years$6,504$6,004$5,541$5,111$4,714$4,276
9 years$5,723$5,228$4,772$4,354$3,970$3,551
10 years$5,098$4,608$4,161$3,753$3,382$2,983
11 years$4,587$4,102$3,663$3,266$2,909$2,528
12 years$4,162$3,682$3,251$2,865$2,521$2,158
13 years$3,803$3,328$2,904$2,529$2,198$1,853
14 years$3,495$3,025$2,610$2,245$1,927$1,599
15 years$3,228$2,763$2,356$2,002$1,697$1,386
16 years$2,995$2,535$2,136$1,793$1,499$1,205
17 years$2,789$2,335$1,944$1,611$1,330$1,051
18 years$2,607$2,157$1,774$1,452$1,182$919
19 years$2,444$1,999$1,624$1,312$1,054$805
20 years$2,298$1,858$1,491$1,188$941$707
21 years$2,165$1,731$1,371$1,078$842$622
22 years$2,045$1,615$1,264$980$755$547
23 years$1,935$1,511$1,167$893$678$483
24 years$1,835$1,416$1,079$814$609$426
25 years$1,743$1,328$1,000$744$548$376
26 years$1,658$1,249$927$680$494$333
27 years$1,579$1,175$861$622$445$294
28 years$1,507$1,107$800$570$402$261
29 years$1,439$1,045$745$523$363$231
30 years$1,376$986$694$480$328$205
31 years$1,317$933$647$441$296$181
32 years$1,262$882$603$405$268$161
33 years$1,211$836$563$373$243$143
34 years$1,162$792$526$343$220$127
35 years$1,117$751$492$316$199$113
36 years$1,074$713$460$291$180$100
37 years$1,033$677$431$268$163$89
38 years$995$644$404$247$148$79
39 years$959$612$378$228$134$70
40 years$924$582$354$210$122$62
41 years$892$554$332$194$110$55
42 years$861$528$312$179$100$49
43 years$831$503$292$165$91$44
44 years$803$479$275$152$83$39
45 years$776$457$258$141$75$35
46 years$751$436$242$130$68$31
47 years$727$416$227$120$62$27
48 years$703$397$214$111$56$24
49 years$681$379$201$103$51$22
50 years$660$362$189$95$46$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $676,000, adding $4,176 every year, while hoping to spend $36,978 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: 54/33/13 Blend
52$676,000$676,000$676,000$676,000
53$749,260$713,432$702,954$786,958
54$786,340$709,045$687,158$808,683
55$825,963$703,205$669,594$827,974
56$868,349$695,800$650,164$848,120
57$913,740$686,713$628,763$869,210
58$962,400$675,822$605,286$891,345
59$1,014,621$662,993$579,619$914,637
60$1,070,721$648,088$551,645$939,213
61$1,131,051$630,961$521,242$965,213
62$1,195,994$611,454$488,279$992,794
63$1,265,974$589,403$452,625$1,022,134
64$1,341,453$564,633$414,137$1,053,428
65$1,422,940$536,960$372,670$1,086,897
66$1,510,996$506,187$328,071$1,122,784
67$1,606,236$472,108$280,179$1,161,364
68$1,709,335$434,505$228,828$1,202,940
69$1,821,038$393,146$173,844$1,247,852
70$1,942,160$347,786$115,045$1,296,477
71$2,073,601$298,169$52,240$1,349,234
72$2,216,350$244,021$0$1,406,592
73$2,371,493$185,053$0$1,471,121
74$2,540,227$120,962$0$1,549,213
75$2,723,866$51,426$0$1,634,287
76$2,923,860$0$0$1,727,086
77$3,141,802$0$0$1,837,111
78$3,379,444$0$0$1,977,503
79$3,638,717$0$0$2,130,735
80$3,921,744$0$0$2,298,069
81$4,230,865$0$0$2,480,897
82$4,568,653$0$0$2,680,748
83$4,937,941$0$0$2,899,309
84$5,341,850$0$0$3,138,433
85$5,783,816$0$0$3,400,166
86$6,267,621$0$0$3,686,756
87$6,797,430$0$0$4,000,681
88$7,377,831$0$0$4,344,670
89$8,013,876$0$0$4,721,726
90$8,711,127$0$0$5,135,161
91$9,475,713$0$0$5,588,618
92$10,314,382$0$0$6,086,112
93$11,234,568$0$0$6,632,066
94$12,244,459$0$0$7,231,349
95$13,353,074$0$0$7,889,329
96$14,570,347$0$0$8,611,914
97$15,907,223$0$0$9,405,616
98$17,375,757$0$0$10,277,606
99$18,989,230$0$0$11,235,788
100$20,762,274$0$0$12,288,865