Can I retire at age 53 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$56,071$55,572$55,084$54,609$54,144$53,758
2 years$27,758$27,241$26,740$26,254$25,783$25,394
3 years$18,322$17,802$17,303$16,821$16,358$15,977
4 years$13,604$13,087$12,592$12,119$11,667$11,298
5 years$10,775$10,260$9,772$9,308$8,869$8,513
6 years$8,889$8,378$7,897$7,444$7,018$6,675
7 years$7,542$7,036$6,562$6,120$5,707$5,378
8 years$6,533$6,031$5,566$5,134$4,735$4,419
9 years$5,748$5,251$4,794$4,373$3,987$3,685
10 years$5,121$4,629$4,179$3,770$3,397$3,108
11 years$4,608$4,121$3,679$3,281$2,922$2,646
12 years$4,181$3,698$3,265$2,878$2,532$2,269
13 years$3,819$3,342$2,917$2,541$2,208$1,957
14 years$3,510$3,038$2,621$2,255$1,935$1,697
15 years$3,242$2,775$2,367$2,011$1,704$1,477
16 years$3,008$2,546$2,146$1,801$1,506$1,291
17 years$2,802$2,345$1,952$1,618$1,335$1,131
18 years$2,619$2,167$1,782$1,458$1,187$994
19 years$2,455$2,008$1,632$1,318$1,058$875
20 years$2,308$1,866$1,497$1,193$945$772
21 years$2,175$1,738$1,377$1,083$846$683
22 years$2,054$1,623$1,269$985$758$604
23 years$1,944$1,518$1,172$897$681$536
24 years$1,843$1,422$1,084$818$612$475
25 years$1,751$1,334$1,004$747$551$422
26 years$1,665$1,254$931$683$496$375
27 years$1,586$1,180$865$625$447$334
28 years$1,513$1,112$804$573$403$297
29 years$1,445$1,049$748$525$364$265
30 years$1,382$991$697$482$329$236
31 years$1,323$937$650$443$298$211
32 years$1,268$886$606$407$269$188
33 years$1,216$839$566$374$244$168
34 years$1,167$795$529$344$221$150
35 years$1,122$755$494$317$200$134
36 years$1,078$716$462$292$181$119
37 years$1,038$680$433$269$164$107
38 years$999$646$405$248$149$95
39 years$963$615$380$229$135$85
40 years$928$585$356$211$122$76
41 years$896$557$334$194$111$68
42 years$864$530$313$179$101$61
43 years$835$505$294$166$91$54
44 years$807$482$276$153$83$49
45 years$780$459$259$141$75$44
46 years$754$438$243$131$68$39
47 years$730$418$228$121$62$35
48 years$707$399$215$111$56$31
49 years$684$381$202$103$51$28
50 years$663$364$190$95$47$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $679,000, adding $6,630 every year, while hoping to spend $52,154 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: 57/21/22 Blend
52$679,000$679,000$679,000$679,000
53$755,097$719,110$708,585$793,312
54$776,625$698,855$676,832$799,878
55$798,602$675,859$642,266$800,889
56$821,017$649,934$604,739$800,862
57$843,858$620,878$564,096$799,709
58$867,111$588,481$520,172$797,337
59$890,756$552,517$472,798$793,646
60$914,773$512,749$421,796$788,529
61$939,133$468,928$366,980$781,874
62$963,807$420,787$308,156$773,557
63$988,757$368,047$245,121$763,449
64$1,013,941$310,412$177,664$751,409
65$1,039,310$247,570$105,563$737,288
66$1,064,809$179,190$28,588$720,925
67$1,090,372$104,923$0$702,150
68$1,115,926$24,400$0$693,349
69$1,141,389$0$0$689,732
70$1,166,665$0$0$698,936
71$1,191,649$0$0$713,561
72$1,216,219$0$0$727,894
73$1,240,241$0$0$741,847
74$1,263,562$0$0$755,324
75$1,286,011$0$0$768,217
76$1,307,398$0$0$780,404
77$1,327,508$0$0$791,750
78$1,346,102$0$0$802,102
79$1,362,912$0$0$811,294
80$1,377,642$0$0$819,135
81$1,389,960$0$0$825,416
82$1,399,495$0$0$829,904
83$1,405,837$0$0$832,339
84$1,408,530$0$0$832,432
85$1,407,065$0$0$829,864
86$1,400,879$0$0$824,278
87$1,389,346$0$0$815,280
88$1,371,772$0$0$802,432
89$1,347,388$0$0$785,250
90$1,315,342$0$0$763,196
91$1,274,688$0$0$735,675
92$1,224,381$0$0$702,027
93$1,163,262$0$0$661,523
94$1,090,050$0$0$613,357
95$1,003,327$0$0$556,635
96$901,523$0$0$490,370
97$782,905$0$0$413,470
98$645,555$0$0$324,729
99$487,354$0$0$222,812
100$305,958$0$0$106,246