Can I retire at age 53 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$56,154$55,654$55,166$54,689$54,224$52,552
2 years$27,799$27,281$26,779$26,293$25,821$24,151
3 years$18,349$17,829$17,328$16,846$16,382$14,766
4 years$13,624$13,106$12,610$12,137$11,684$10,135
5 years$10,790$10,275$9,786$9,322$8,882$7,404
6 years$8,902$8,390$7,909$7,455$7,028$5,622
7 years$7,553$7,046$6,572$6,129$5,716$4,382
8 years$6,542$6,040$5,574$5,142$4,742$3,480
9 years$5,757$5,259$4,801$4,379$3,993$2,801
10 years$5,128$4,635$4,185$3,775$3,402$2,279
11 years$4,615$4,127$3,685$3,286$2,926$1,869
12 years$4,187$3,704$3,270$2,882$2,536$1,542
13 years$3,825$3,347$2,922$2,544$2,211$1,280
14 years$3,515$3,043$2,625$2,258$1,938$1,066
15 years$3,247$2,779$2,370$2,014$1,707$891
16 years$3,013$2,550$2,149$1,803$1,508$747
17 years$2,806$2,348$1,955$1,620$1,337$628
18 years$2,622$2,170$1,785$1,460$1,189$528
19 years$2,459$2,011$1,634$1,320$1,060$445
20 years$2,311$1,869$1,500$1,195$947$376
21 years$2,178$1,741$1,379$1,085$847$318
22 years$2,057$1,625$1,271$986$759$269
23 years$1,947$1,520$1,174$898$682$228
24 years$1,846$1,424$1,086$819$613$193
25 years$1,753$1,336$1,005$748$551$164
26 years$1,668$1,256$933$684$497$139
27 years$1,589$1,182$866$626$448$118
28 years$1,516$1,114$805$574$404$100
29 years$1,448$1,051$749$526$365$85
30 years$1,384$992$698$483$330$72
31 years$1,325$938$651$443$298$61
32 years$1,270$888$607$407$270$52
33 years$1,218$841$567$375$244$44
34 years$1,169$797$530$345$221$37
35 years$1,123$756$495$317$200$32
36 years$1,080$717$463$292$181$27
37 years$1,039$681$433$269$164$23
38 years$1,001$647$406$248$149$20
39 years$964$616$380$229$135$17
40 years$930$586$356$211$123$14
41 years$897$558$334$195$111$12
42 years$866$531$314$180$101$10
43 years$836$506$294$166$92$9
44 years$808$482$276$153$83$7
45 years$781$460$259$141$75$6
46 years$755$439$244$131$68$5
47 years$731$419$229$121$62$5
48 years$708$400$215$112$56$4
49 years$685$382$202$103$51$3
50 years$664$365$190$95$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $680,000, adding $4,474 every year, while hoping to spend $38,687 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: 51/27/22 Blend
52$680,000$680,000$680,000$680,000
53$753,975$717,935$707,395$787,595
54$789,718$711,951$689,930$805,342
55$827,810$704,377$670,583$820,300
56$868,449$695,095$649,251$835,758
57$911,855$683,978$625,825$851,778
58$958,265$670,894$600,190$868,431
59$1,007,940$655,700$572,229$885,795
60$1,061,169$638,248$541,818$903,963
61$1,118,265$618,379$508,825$923,036
62$1,179,574$595,926$473,117$943,132
63$1,245,474$570,710$434,550$964,379
64$1,316,383$542,545$392,978$986,926
65$1,392,755$511,231$348,244$1,010,937
66$1,475,094$476,560$300,188$1,036,599
67$1,563,951$438,308$248,641$1,064,121
68$1,659,930$396,241$193,427$1,093,735
69$1,763,697$350,111$134,362$1,125,705
70$1,875,985$299,657$71,253$1,160,323
71$1,997,595$244,600$3,900$1,197,918
72$2,129,413$184,649$0$1,238,855
73$2,272,411$119,494$0$1,299,502
74$2,427,657$48,810$0$1,366,372
75$2,596,327$0$0$1,439,111
76$2,779,714$0$0$1,526,587
77$2,979,242$0$0$1,637,602
78$3,196,476$0$0$1,758,533
79$3,433,137$0$0$1,890,346
80$3,691,123$0$0$2,034,106
81$3,972,519$0$0$2,190,984
82$4,279,622$0$0$2,362,270
83$4,614,960$0$0$2,549,383
84$4,981,315$0$0$2,753,886
85$5,381,750$0$0$2,977,499
86$5,819,638$0$0$3,222,115
87$6,298,693$0$0$3,489,822
88$6,823,004$0$0$3,782,914
89$7,397,072$0$0$4,103,922
90$8,025,855$0$0$4,455,629
91$8,714,815$0$0$4,841,104
92$9,469,964$0$0$5,263,724
93$10,297,924$0$0$5,727,208
94$11,205,990$0$0$6,235,656
95$12,202,195$0$0$6,793,580
96$13,295,390$0$0$7,405,952
97$14,495,320$0$0$8,078,247
98$15,812,722$0$0$8,816,499
99$17,259,424$0$0$9,627,351
100$18,848,455$0$0$10,518,126