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%18.6%
1 years$55,989$55,490$55,003$54,528$54,065$52,188
2 years$27,717$27,201$26,701$26,216$25,745$23,874
3 years$18,295$17,776$17,277$16,797$16,334$14,527
4 years$13,584$13,067$12,573$12,101$11,649$9,920
5 years$10,759$10,245$9,757$9,295$8,856$7,209
6 years$8,876$8,366$7,885$7,433$7,007$5,444
7 years$7,531$7,026$6,553$6,111$5,699$4,219
8 years$6,523$6,022$5,557$5,126$4,728$3,331
9 years$5,740$5,243$4,787$4,367$3,981$2,665
10 years$5,113$4,622$4,173$3,764$3,392$2,154
11 years$4,601$4,115$3,674$3,276$2,917$1,755
12 years$4,174$3,693$3,260$2,873$2,528$1,439
13 years$3,814$3,337$2,913$2,537$2,205$1,186
14 years$3,505$3,034$2,617$2,252$1,933$981
15 years$3,238$2,771$2,363$2,008$1,702$814
16 years$3,004$2,543$2,142$1,798$1,504$678
17 years$2,798$2,342$1,950$1,616$1,333$565
18 years$2,615$2,164$1,780$1,456$1,186$472
19 years$2,451$2,005$1,629$1,316$1,057$395
20 years$2,304$1,863$1,495$1,192$944$331
21 years$2,172$1,736$1,375$1,081$845$278
22 years$2,051$1,620$1,268$983$757$233
23 years$1,941$1,515$1,170$895$680$196
24 years$1,840$1,420$1,082$817$611$165
25 years$1,748$1,332$1,003$746$550$138
26 years$1,663$1,252$930$682$495$116
27 years$1,584$1,179$863$624$446$98
28 years$1,511$1,111$803$572$403$82
29 years$1,443$1,048$747$524$364$69
30 years$1,380$989$696$481$329$58
31 years$1,321$935$649$442$297$49
32 years$1,266$885$605$406$269$42
33 years$1,214$838$565$374$243$35
34 years$1,166$794$528$344$220$29
35 years$1,120$753$494$316$199$25
36 years$1,077$715$462$291$181$21
37 years$1,036$679$432$269$164$18
38 years$998$645$405$248$149$15
39 years$961$614$379$228$135$13
40 years$927$584$355$210$122$11
41 years$894$556$333$194$111$9
42 years$863$529$313$179$101$8
43 years$834$504$293$165$91$6
44 years$806$481$275$153$83$5
45 years$779$458$259$141$75$5
46 years$753$437$243$130$68$4
47 years$729$417$228$120$62$3
48 years$706$398$214$111$56$3
49 years$683$381$202$103$51$2
50 years$662$363$189$95$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $678,000, adding $2,987 every year, while hoping to spend $35,911 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: 64/10/26 Blend
52$678,000$678,000$678,000$678,000
53$750,237$714,303$703,794$792,931
54$788,552$711,095$689,162$818,943
55$829,572$706,526$672,836$843,102
56$873,534$700,492$654,722$868,705
57$920,700$692,881$634,721$895,899
58$971,356$683,577$612,728$924,844
59$1,025,816$672,454$588,637$955,720
60$1,084,425$659,380$562,332$988,728
61$1,147,563$644,216$533,697$1,024,087
62$1,215,646$626,814$502,607$1,062,042
63$1,289,130$607,017$468,933$1,102,866
64$1,368,519$584,658$432,540$1,146,858
65$1,454,365$559,562$393,286$1,194,352
66$1,547,273$531,544$351,025$1,245,717
67$1,647,912$500,407$305,601$1,301,361
68$1,757,015$465,943$256,854$1,361,738
69$1,875,388$427,932$204,617$1,427,346
70$2,003,919$386,142$148,713$1,498,742
71$2,143,584$340,328$88,959$1,576,538
72$2,295,454$290,229$25,165$1,661,413
73$2,460,712$235,572$0$1,754,117
74$2,640,657$176,067$0$1,867,386
75$2,836,719$111,409$0$1,998,457
76$3,050,470$41,273$0$2,141,415
77$3,283,642$0$0$2,297,448
78$3,538,142$0$0$2,471,676
79$3,816,067$0$0$2,666,944
80$4,119,727$0$0$2,880,339
81$4,451,665$0$0$3,113,654
82$4,814,679$0$0$3,368,861
83$5,211,853$0$0$3,648,135
84$5,646,580$0$0$3,953,867
85$6,122,598$0$0$4,288,693
86$6,644,021$0$0$4,655,515
87$7,215,382$0$0$5,057,528
88$7,841,673$0$0$5,498,251
89$8,528,391$0$0$5,981,561
90$9,281,590$0$0$6,511,727
91$10,107,940$0$0$7,093,451
92$11,014,785$0$0$7,731,914
93$12,010,218$0$0$8,432,820
94$13,103,150$0$0$9,202,454
95$14,303,400$0$0$10,047,740
96$15,621,783$0$0$10,976,304
97$17,070,213$0$0$11,996,548
98$18,661,816$0$0$13,117,728
99$20,411,051$0$0$14,350,040
100$22,333,849$0$0$15,704,719