Can I retire at age 53 with 678,000?

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 $678,000?

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$55,989$55,490$55,003$54,528$54,065$52,022
2 years$27,717$27,201$26,701$26,216$25,745$23,711
3 years$18,295$17,776$17,277$16,797$16,334$14,372
4 years$13,584$13,067$12,573$12,101$11,649$9,775
5 years$10,759$10,245$9,757$9,295$8,856$7,074
6 years$8,876$8,366$7,885$7,433$7,007$5,319
7 years$7,531$7,026$6,553$6,111$5,699$4,103
8 years$6,523$6,022$5,557$5,126$4,728$3,224
9 years$5,740$5,243$4,787$4,367$3,981$2,567
10 years$5,113$4,622$4,173$3,764$3,392$2,064
11 years$4,601$4,115$3,674$3,276$2,917$1,673
12 years$4,174$3,693$3,260$2,873$2,528$1,365
13 years$3,814$3,337$2,913$2,537$2,205$1,118
14 years$3,505$3,034$2,617$2,252$1,933$920
15 years$3,238$2,771$2,363$2,008$1,702$759
16 years$3,004$2,543$2,142$1,798$1,504$628
17 years$2,798$2,342$1,950$1,616$1,333$521
18 years$2,615$2,164$1,780$1,456$1,186$433
19 years$2,451$2,005$1,629$1,316$1,057$360
20 years$2,304$1,863$1,495$1,192$944$300
21 years$2,172$1,736$1,375$1,081$845$250
22 years$2,051$1,620$1,268$983$757$208
23 years$1,941$1,515$1,170$895$680$174
24 years$1,840$1,420$1,082$817$611$145
25 years$1,748$1,332$1,003$746$550$121
26 years$1,663$1,252$930$682$495$101
27 years$1,584$1,179$863$624$446$85
28 years$1,511$1,111$803$572$403$71
29 years$1,443$1,048$747$524$364$59
30 years$1,380$989$696$481$329$50
31 years$1,321$935$649$442$297$42
32 years$1,266$885$605$406$269$35
33 years$1,214$838$565$374$243$29
34 years$1,166$794$528$344$220$24
35 years$1,120$753$494$316$199$20
36 years$1,077$715$462$291$181$17
37 years$1,036$679$432$269$164$14
38 years$998$645$405$248$149$12
39 years$961$614$379$228$135$10
40 years$927$584$355$210$122$8
41 years$894$556$333$194$111$7
42 years$863$529$313$179$101$6
43 years$834$504$293$165$91$5
44 years$806$481$275$153$83$4
45 years$779$458$259$141$75$3
46 years$753$437$243$130$68$3
47 years$729$417$228$120$62$2
48 years$706$398$214$111$56$2
49 years$683$381$202$103$51$2
50 years$662$363$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 $678,000, adding $5,546 every year, while hoping to spend $35,474 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: 40/47/13 Blend
52$678,000$678,000$678,000$678,000
53$752,877$716,943$706,434$779,865
54$791,926$714,329$692,355$796,862
55$833,770$710,398$676,616$811,335
56$878,655$705,048$659,123$826,216
57$926,853$698,171$639,780$841,558
58$978,663$689,652$618,483$857,423
59$1,034,411$679,370$595,127$873,882
60$1,094,457$667,195$569,600$891,013
61$1,159,196$652,992$541,786$908,908
62$1,229,061$636,616$511,563$927,670
63$1,304,529$617,913$478,803$947,418
64$1,386,122$596,723$443,375$968,284
65$1,474,417$572,872$405,138$990,419
66$1,570,046$546,181$363,948$1,013,992
67$1,673,703$516,457$319,654$1,039,196
68$1,786,155$483,497$272,096$1,066,246
69$1,908,241$447,087$221,109$1,095,385
70$2,040,887$406,999$166,521$1,126,886
71$2,185,109$362,994$108,152$1,161,054
72$2,342,028$314,819$45,813$1,198,234
73$2,512,875$262,205$0$1,238,809
74$2,699,005$204,870$0$1,286,084
75$2,901,910$142,514$0$1,344,635
76$3,123,230$74,823$0$1,408,669
77$3,364,773$1,463$0$1,478,816
78$3,628,527$0$0$1,555,781
79$3,916,681$0$0$1,680,643
80$4,231,645$0$0$1,818,036
81$4,576,072$0$0$1,968,370
82$4,952,884$0$0$2,132,933
83$5,365,298$0$0$2,313,141
84$5,816,856$0$0$2,510,553
85$6,311,457$0$0$2,726,887
86$6,853,399$0$0$2,964,036
87$7,447,411$0$0$3,224,083
88$8,098,703$0$0$3,509,323
89$8,813,014$0$0$3,822,283
90$9,596,665$0$0$4,165,747
91$10,456,617$0$0$4,542,784
92$11,400,539$0$0$4,956,770
93$12,436,877$0$0$5,411,427
94$13,574,936$0$0$5,910,855
95$14,824,967$0$0$6,459,570
96$16,198,260$0$0$7,062,546
97$17,707,255$0$0$7,725,265
98$19,365,657$0$0$8,453,766
99$21,188,561$0$0$9,254,700
100$23,192,601$0$0$10,135,396