Can I retire at age 53 with 678,000?

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 $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%15.1%
1 years$55,989$55,490$55,003$54,528$54,065$52,930
2 years$27,717$27,201$26,701$26,216$25,745$24,607
3 years$18,295$17,776$17,277$16,797$16,334$15,228
4 years$13,584$13,067$12,573$12,101$11,649$10,585
5 years$10,759$10,245$9,757$9,295$8,856$7,835
6 years$8,876$8,366$7,885$7,433$7,007$6,031
7 years$7,531$7,026$6,553$6,111$5,699$4,768
8 years$6,523$6,022$5,557$5,126$4,728$3,842
9 years$5,740$5,243$4,787$4,367$3,981$3,140
10 years$5,113$4,622$4,173$3,764$3,392$2,594
11 years$4,601$4,115$3,674$3,276$2,917$2,162
12 years$4,174$3,693$3,260$2,873$2,528$1,814
13 years$3,814$3,337$2,913$2,537$2,205$1,530
14 years$3,505$3,034$2,617$2,252$1,933$1,297
15 years$3,238$2,771$2,363$2,008$1,702$1,103
16 years$3,004$2,543$2,142$1,798$1,504$942
17 years$2,798$2,342$1,950$1,616$1,333$806
18 years$2,615$2,164$1,780$1,456$1,186$691
19 years$2,451$2,005$1,629$1,316$1,057$593
20 years$2,304$1,863$1,495$1,192$944$511
21 years$2,172$1,736$1,375$1,081$845$440
22 years$2,051$1,620$1,268$983$757$379
23 years$1,941$1,515$1,170$895$680$328
24 years$1,840$1,420$1,082$817$611$283
25 years$1,748$1,332$1,003$746$550$245
26 years$1,663$1,252$930$682$495$212
27 years$1,584$1,179$863$624$446$183
28 years$1,511$1,111$803$572$403$159
29 years$1,443$1,048$747$524$364$138
30 years$1,380$989$696$481$329$119
31 years$1,321$935$649$442$297$103
32 years$1,266$885$605$406$269$90
33 years$1,214$838$565$374$243$78
34 years$1,166$794$528$344$220$68
35 years$1,120$753$494$316$199$59
36 years$1,077$715$462$291$181$51
37 years$1,036$679$432$269$164$44
38 years$998$645$405$248$149$38
39 years$961$614$379$228$135$33
40 years$927$584$355$210$122$29
41 years$894$556$333$194$111$25
42 years$863$529$313$179$101$22
43 years$834$504$293$165$91$19
44 years$806$481$275$153$83$16
45 years$779$458$259$141$75$14
46 years$753$437$243$130$68$12
47 years$729$417$228$120$62$11
48 years$706$398$214$111$56$9
49 years$683$381$202$103$51$8
50 years$662$363$189$95$46$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $678,000, adding $2,214 every year, while hoping to spend $23,700 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: 31/48/21 Blend
52$678,000$678,000$678,000$678,000
53$749,440$713,506$702,997$767,721
54$800,666$723,251$701,331$791,476
55$856,323$732,679$698,814$814,740
56$916,838$741,750$695,394$839,289
57$982,680$750,421$691,014$865,250
58$1,054,366$758,644$685,616$892,762
59$1,132,465$766,371$679,138$921,983
60$1,217,602$773,549$671,515$953,085
61$1,310,467$780,122$662,680$986,262
62$1,411,816$786,031$652,562$1,021,725
63$1,522,486$791,210$641,087$1,059,713
64$1,643,394$795,594$628,178$1,100,488
65$1,775,551$799,109$613,753$1,144,342
66$1,920,071$801,679$597,727$1,191,599
67$2,078,179$803,223$580,012$1,242,616
68$2,251,226$803,653$560,515$1,297,791
69$2,440,698$802,879$539,139$1,357,565
70$2,648,230$800,801$515,782$1,422,426
71$2,875,627$797,317$490,337$1,492,913
72$3,124,872$792,317$462,694$1,569,627
73$3,398,151$785,683$432,737$1,653,229
74$3,697,874$777,293$400,345$1,744,454
75$4,026,691$767,014$365,391$1,844,115
76$4,387,524$754,708$327,742$1,953,110
77$4,783,590$740,227$287,260$2,072,434
78$5,218,434$723,416$243,801$2,203,190
79$5,695,960$704,110$197,214$2,346,594
80$6,220,469$682,132$147,342$2,503,994
81$6,796,699$657,298$94,020$2,676,879
82$7,429,869$629,413$37,076$2,866,897
83$8,125,729$598,268$0$3,075,869
84$8,890,615$563,644$0$3,311,117
85$9,731,505$525,310$0$3,578,768
86$10,656,088$483,020$0$3,873,008
87$11,672,836$436,515$0$4,196,601
88$12,791,082$385,520$0$4,552,597
89$14,021,108$329,747$0$4,944,363
90$15,374,246$268,889$0$5,375,614
91$16,862,977$202,623$0$5,850,453
92$18,501,057$130,607$0$6,373,405
93$20,303,639$52,482$0$6,949,465
94$22,287,423$0$0$7,584,147
95$24,470,805$0$0$8,300,506
96$26,874,060$0$0$9,119,640
97$29,519,525$0$0$10,021,460
98$32,431,813$0$0$11,014,371
99$35,638,045$0$0$12,107,637
100$39,168,106$0$0$13,311,465