Can I retire at age 53 with 681,000?

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 $681,000?

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$56,236$55,735$55,247$54,770$54,304$52,927
2 years$27,840$27,321$26,819$26,332$25,859$24,480
3 years$18,375$17,855$17,354$16,871$16,406$15,069
4 years$13,644$13,125$12,629$12,155$11,701$10,416
5 years$10,806$10,290$9,801$9,336$8,895$7,666
6 years$8,915$8,403$7,920$7,466$7,038$5,866
7 years$7,564$7,057$6,582$6,138$5,724$4,608
8 years$6,552$6,049$5,582$5,149$4,749$3,690
9 years$5,765$5,267$4,808$4,386$3,999$2,995
10 years$5,136$4,642$4,191$3,781$3,407$2,458
11 years$4,621$4,133$3,690$3,290$2,930$2,034
12 years$4,193$3,709$3,275$2,886$2,539$1,694
13 years$3,831$3,352$2,926$2,548$2,214$1,419
14 years$3,521$3,047$2,629$2,262$1,941$1,194
15 years$3,252$2,783$2,374$2,017$1,709$1,008
16 years$3,017$2,554$2,152$1,806$1,511$853
17 years$2,810$2,352$1,958$1,623$1,339$724
18 years$2,626$2,173$1,788$1,462$1,191$616
19 years$2,462$2,014$1,636$1,321$1,061$525
20 years$2,315$1,872$1,502$1,197$948$448
21 years$2,181$1,743$1,381$1,086$848$383
22 years$2,060$1,627$1,273$988$761$327
23 years$1,950$1,522$1,176$899$683$280
24 years$1,849$1,426$1,087$820$614$240
25 years$1,756$1,338$1,007$749$552$206
26 years$1,670$1,258$934$685$497$176
27 years$1,591$1,184$867$627$448$151
28 years$1,518$1,115$806$574$405$130
29 years$1,450$1,052$750$527$365$112
30 years$1,386$994$699$483$330$96
31 years$1,327$939$651$444$298$82
32 years$1,272$889$608$408$270$71
33 years$1,220$842$568$375$244$61
34 years$1,171$798$530$345$221$52
35 years$1,125$757$496$318$200$45
36 years$1,082$718$464$293$182$39
37 years$1,041$682$434$270$165$33
38 years$1,002$648$407$249$149$29
39 years$966$616$381$229$135$25
40 years$931$587$357$211$123$21
41 years$898$558$335$195$111$18
42 years$867$532$314$180$101$16
43 years$837$507$295$166$92$13
44 years$809$483$277$153$83$12
45 years$782$461$260$142$76$10
46 years$757$439$244$131$69$9
47 years$732$419$229$121$62$7
48 years$709$400$215$112$57$6
49 years$686$382$202$103$51$5
50 years$665$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 $681,000, adding $5,980 every year, while hoping to spend $44,584 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: 50/24/26 Blend
52$681,000$681,000$681,000$681,000
53$756,630$720,537$709,982$788,644
54$786,370$708,407$686,329$799,452
55$817,648$694,187$660,390$806,243
56$850,576$677,730$632,040$812,735
57$885,272$658,876$601,151$818,920
58$921,867$637,459$567,587$824,790
59$960,503$613,300$531,207$830,341
60$1,001,336$586,213$491,864$835,573
61$1,044,533$555,998$449,402$840,487
62$1,090,280$522,446$403,662$845,088
63$1,138,778$485,336$354,474$849,387
64$1,190,247$444,431$301,663$853,399
65$1,244,929$399,485$245,045$857,145
66$1,303,086$350,234$184,429$860,652
67$1,365,008$296,402$119,614$863,957
68$1,431,009$237,697$50,391$867,103
69$1,501,435$173,807$0$870,144
70$1,576,666$104,408$0$879,661
71$1,657,116$29,154$0$904,558
72$1,743,240$0$0$931,002
73$1,835,537$0$0$972,986
74$1,934,555$0$0$1,026,335
75$2,040,894$0$0$1,083,680
76$2,155,214$0$0$1,145,384
77$2,278,238$0$0$1,211,843
78$2,410,762$0$0$1,283,494
79$2,553,657$0$0$1,360,817
80$2,707,883$0$0$1,444,338
81$2,874,493$0$0$1,534,638
82$3,054,645$0$0$1,632,351
83$3,249,611$0$0$1,738,179
84$3,460,791$0$0$1,852,890
85$3,689,723$0$0$1,977,330
86$3,938,097$0$0$2,112,430
87$4,207,775$0$0$2,259,212
88$4,500,801$0$0$2,418,802
89$4,819,426$0$0$2,592,439
90$5,166,127$0$0$2,781,485
91$5,543,628$0$0$2,987,439
92$5,954,926$0$0$3,211,950
93$6,403,321$0$0$3,456,836
94$6,892,444$0$0$3,724,093
95$7,426,291$0$0$4,015,923
96$8,009,260$0$0$4,334,747
97$8,646,196$0$0$4,683,230
98$9,342,428$0$0$5,064,308
99$10,103,828$0$0$5,481,213
100$10,936,857$0$0$5,937,503