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%16.2%
1 years$56,154$55,654$55,166$54,689$54,224$52,849
2 years$27,799$27,281$26,779$26,293$25,821$24,444
3 years$18,349$17,829$17,328$16,846$16,382$15,047
4 years$13,624$13,106$12,610$12,137$11,684$10,401
5 years$10,790$10,275$9,786$9,322$8,882$7,654
6 years$8,902$8,390$7,909$7,455$7,028$5,857
7 years$7,553$7,046$6,572$6,129$5,716$4,602
8 years$6,542$6,040$5,574$5,142$4,742$3,684
9 years$5,757$5,259$4,801$4,379$3,993$2,991
10 years$5,128$4,635$4,185$3,775$3,402$2,455
11 years$4,615$4,127$3,685$3,286$2,926$2,031
12 years$4,187$3,704$3,270$2,882$2,536$1,692
13 years$3,825$3,347$2,922$2,544$2,211$1,417
14 years$3,515$3,043$2,625$2,258$1,938$1,192
15 years$3,247$2,779$2,370$2,014$1,707$1,006
16 years$3,013$2,550$2,149$1,803$1,508$852
17 years$2,806$2,348$1,955$1,620$1,337$723
18 years$2,622$2,170$1,785$1,460$1,189$615
19 years$2,459$2,011$1,634$1,320$1,060$524
20 years$2,311$1,869$1,500$1,195$947$447
21 years$2,178$1,741$1,379$1,085$847$382
22 years$2,057$1,625$1,271$986$759$327
23 years$1,947$1,520$1,174$898$682$280
24 years$1,846$1,424$1,086$819$613$240
25 years$1,753$1,336$1,005$748$551$205
26 years$1,668$1,256$933$684$497$176
27 years$1,589$1,182$866$626$448$151
28 years$1,516$1,114$805$574$404$130
29 years$1,448$1,051$749$526$365$111
30 years$1,384$992$698$483$330$96
31 years$1,325$938$651$443$298$82
32 years$1,270$888$607$407$270$71
33 years$1,218$841$567$375$244$61
34 years$1,169$797$530$345$221$52
35 years$1,123$756$495$317$200$45
36 years$1,080$717$463$292$181$39
37 years$1,039$681$433$269$164$33
38 years$1,001$647$406$248$149$29
39 years$964$616$380$229$135$25
40 years$930$586$356$211$123$21
41 years$897$558$334$195$111$18
42 years$866$531$314$180$101$16
43 years$836$506$294$166$92$13
44 years$808$482$276$153$83$12
45 years$781$460$259$141$75$10
46 years$755$439$244$131$68$9
47 years$731$419$229$121$62$7
48 years$708$400$215$112$56$6
49 years$685$382$202$103$51$5
50 years$664$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $680,000, adding $3,969 every year, while hoping to spend $50,636 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: 51/32/17 Blend
52$680,000$680,000$680,000$680,000
53$753,454$717,414$706,874$788,172
54$776,430$698,691$676,678$793,749
55$800,052$677,353$643,773$794,206
56$824,334$653,220$608,016$793,598
57$849,286$626,098$569,255$791,839
58$874,921$595,784$527,332$788,842
59$901,250$562,064$482,084$784,511
60$928,282$524,710$433,339$778,746
61$956,027$483,481$380,916$771,439
62$984,494$438,124$324,629$762,478
63$1,013,689$388,369$264,281$751,741
64$1,043,618$333,932$199,668$739,102
65$1,074,287$274,514$130,576$724,423
66$1,105,696$209,797$56,782$707,562
67$1,137,847$139,447$0$688,364
68$1,170,737$63,110$0$670,654
69$1,204,362$0$0$661,524
70$1,238,715$0$0$657,425
71$1,273,784$0$0$675,913
72$1,309,555$0$0$694,758
73$1,346,008$0$0$713,947
74$1,383,121$0$0$733,465
75$1,420,863$0$0$753,294
76$1,459,200$0$0$773,415
77$1,498,090$0$0$793,801
78$1,537,483$0$0$814,424
79$1,577,322$0$0$835,249
80$1,617,539$0$0$856,238
81$1,658,057$0$0$877,346
82$1,698,788$0$0$898,520
83$1,739,628$0$0$919,701
84$1,780,462$0$0$940,824
85$1,821,159$0$0$961,812
86$1,861,568$0$0$982,578
87$1,901,520$0$0$1,003,027
88$1,940,824$0$0$1,023,048
89$1,979,266$0$0$1,042,520
90$2,016,604$0$0$1,061,303
91$2,052,567$0$0$1,079,245
92$2,086,852$0$0$1,096,173
93$2,119,119$0$0$1,111,892
94$2,148,989$0$0$1,126,188
95$2,176,038$0$0$1,138,820
96$2,199,793$0$0$1,149,520
97$2,219,728$0$0$1,157,989
98$2,235,255$0$0$1,163,895
99$2,245,724$0$0$1,166,870
100$2,250,409$0$0$1,166,501