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%12.7%
1 years$56,154$55,654$55,166$54,689$54,224$53,613
2 years$27,799$27,281$26,779$26,293$25,821$25,206
3 years$18,349$17,829$17,328$16,846$16,382$15,782
4 years$13,624$13,106$12,610$12,137$11,684$11,103
5 years$10,790$10,275$9,786$9,322$8,882$8,323
6 years$8,902$8,390$7,909$7,455$7,028$6,491
7 years$7,553$7,046$6,572$6,129$5,716$5,201
8 years$6,542$6,040$5,574$5,142$4,742$4,249
9 years$5,757$5,259$4,801$4,379$3,993$3,522
10 years$5,128$4,635$4,185$3,775$3,402$2,953
11 years$4,615$4,127$3,685$3,286$2,926$2,498
12 years$4,187$3,704$3,270$2,882$2,536$2,129
13 years$3,825$3,347$2,922$2,544$2,211$1,825
14 years$3,515$3,043$2,625$2,258$1,938$1,572
15 years$3,247$2,779$2,370$2,014$1,707$1,359
16 years$3,013$2,550$2,149$1,803$1,508$1,179
17 years$2,806$2,348$1,955$1,620$1,337$1,026
18 years$2,622$2,170$1,785$1,460$1,189$896
19 years$2,459$2,011$1,634$1,320$1,060$783
20 years$2,311$1,869$1,500$1,195$947$686
21 years$2,178$1,741$1,379$1,085$847$602
22 years$2,057$1,625$1,271$986$759$529
23 years$1,947$1,520$1,174$898$682$465
24 years$1,846$1,424$1,086$819$613$410
25 years$1,753$1,336$1,005$748$551$361
26 years$1,668$1,256$933$684$497$318
27 years$1,589$1,182$866$626$448$281
28 years$1,516$1,114$805$574$404$248
29 years$1,448$1,051$749$526$365$219
30 years$1,384$992$698$483$330$194
31 years$1,325$938$651$443$298$171
32 years$1,270$888$607$407$270$152
33 years$1,218$841$567$375$244$134
34 years$1,169$797$530$345$221$119
35 years$1,123$756$495$317$200$105
36 years$1,080$717$463$292$181$93
37 years$1,039$681$433$269$164$83
38 years$1,001$647$406$248$149$73
39 years$964$616$380$229$135$65
40 years$930$586$356$211$123$58
41 years$897$558$334$195$111$51
42 years$866$531$314$180$101$45
43 years$836$506$294$166$92$40
44 years$808$482$276$153$83$36
45 years$781$460$259$141$75$32
46 years$755$439$244$131$68$28
47 years$731$419$229$121$62$25
48 years$708$400$215$112$56$22
49 years$685$382$202$103$51$20
50 years$664$365$190$95$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $680,000, adding $2,990 every year, while hoping to spend $34,334 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: 39/42/19 Blend
52$680,000$680,000$680,000$680,000
53$752,444$716,404$705,864$777,420
54$792,662$714,977$692,980$794,189
55$835,832$712,329$678,512$808,812
56$882,218$708,364$662,374$823,911
57$932,111$702,981$644,470$839,549
58$985,830$696,071$624,704$855,795
59$1,043,726$687,519$602,973$872,729
60$1,106,184$677,205$579,170$890,443
61$1,173,626$665,000$553,183$909,041
62$1,246,517$650,766$524,896$928,638
63$1,325,369$634,361$494,187$949,367
64$1,410,742$615,630$460,928$971,377
65$1,503,254$594,412$424,985$994,836
66$1,603,584$570,536$386,220$1,019,932
67$1,712,478$543,821$344,487$1,046,878
68$1,830,757$514,074$299,633$1,075,914
69$1,959,323$481,093$251,501$1,107,305
70$2,099,172$444,664$199,923$1,141,354
71$2,251,395$404,560$144,728$1,178,395
72$2,417,194$360,541$85,734$1,218,804
73$2,597,895$312,354$22,753$1,263,002
74$2,794,952$259,732$0$1,311,459
75$3,009,970$202,391$0$1,373,711
76$3,244,712$140,034$0$1,446,839
77$3,501,122$72,344$0$1,526,920
78$3,781,336$0$0$1,614,728
79$4,087,711$0$0$1,711,585
80$4,422,836$0$0$1,854,191
81$4,789,568$0$0$2,010,335
82$5,191,047$0$0$2,181,367
83$5,630,735$0$0$2,368,772
84$6,112,443$0$0$2,574,188
85$6,640,366$0$0$2,799,415
86$7,219,129$0$0$3,046,439
87$7,853,821$0$0$3,317,447
88$8,550,049$0$0$3,614,846
89$9,313,989$0$0$3,941,288
90$10,152,444$0$0$4,299,697
91$11,072,907$0$0$4,693,289
92$12,083,631$0$0$5,125,611
93$13,193,710$0$0$5,600,569
94$14,413,161$0$0$6,122,465
95$15,753,016$0$0$6,696,039
96$17,225,432$0$0$7,326,514
97$18,843,802$0$0$8,019,643
98$20,622,879$0$0$8,781,764
99$22,578,917$0$0$9,619,862
100$24,729,825$0$0$10,541,630