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%15.3%
1 years$56,236$55,735$55,247$54,770$54,304$53,121
2 years$27,840$27,321$26,819$26,332$25,859$24,673
3 years$18,375$17,855$17,354$16,871$16,406$15,254
4 years$13,644$13,125$12,629$12,155$11,701$10,592
5 years$10,806$10,290$9,801$9,336$8,895$7,832
6 years$8,915$8,403$7,920$7,466$7,038$6,023
7 years$7,564$7,057$6,582$6,138$5,724$4,756
8 years$6,552$6,049$5,582$5,149$4,749$3,827
9 years$5,765$5,267$4,808$4,386$3,999$3,124
10 years$5,136$4,642$4,191$3,781$3,407$2,578
11 years$4,621$4,133$3,690$3,290$2,930$2,146
12 years$4,193$3,709$3,275$2,886$2,539$1,798
13 years$3,831$3,352$2,926$2,548$2,214$1,515
14 years$3,521$3,047$2,629$2,262$1,941$1,282
15 years$3,252$2,783$2,374$2,017$1,709$1,089
16 years$3,017$2,554$2,152$1,806$1,511$928
17 years$2,810$2,352$1,958$1,623$1,339$793
18 years$2,626$2,173$1,788$1,462$1,191$679
19 years$2,462$2,014$1,636$1,321$1,061$582
20 years$2,315$1,872$1,502$1,197$948$500
21 years$2,181$1,743$1,381$1,086$848$430
22 years$2,060$1,627$1,273$988$761$371
23 years$1,950$1,522$1,176$899$683$320
24 years$1,849$1,426$1,087$820$614$276
25 years$1,756$1,338$1,007$749$552$238
26 years$1,670$1,258$934$685$497$206
27 years$1,591$1,184$867$627$448$178
28 years$1,518$1,115$806$574$405$154
29 years$1,450$1,052$750$527$365$133
30 years$1,386$994$699$483$330$115
31 years$1,327$939$651$444$298$100
32 years$1,272$889$608$408$270$86
33 years$1,220$842$568$375$244$75
34 years$1,171$798$530$345$221$65
35 years$1,125$757$496$318$200$56
36 years$1,082$718$464$293$182$49
37 years$1,041$682$434$270$165$42
38 years$1,002$648$407$249$149$37
39 years$966$616$381$229$135$32
40 years$931$587$357$211$123$27
41 years$898$558$335$195$111$24
42 years$867$532$314$180$101$21
43 years$837$507$295$166$92$18
44 years$809$483$277$153$83$15
45 years$782$461$260$142$76$13
46 years$757$439$244$131$69$12
47 years$732$419$229$121$62$10
48 years$709$400$215$112$57$9
49 years$686$382$202$103$51$8
50 years$665$365$190$95$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $681,000, adding $3,036 every year, while hoping to spend $27,679 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: 70/18/12 Blend
52$681,000$681,000$681,000$681,000
53$753,594$717,501$706,945$804,212
54$801,010$723,208$701,178$843,896
55$852,335$728,267$694,289$883,667
56$907,938$732,617$686,213$926,460
57$968,226$736,194$676,879$972,567
58$1,033,645$738,927$666,215$1,022,311
59$1,104,687$740,745$654,143$1,076,047
60$1,181,891$741,567$640,583$1,134,167
61$1,265,853$741,313$625,451$1,197,105
62$1,357,227$739,894$608,661$1,265,337
63$1,456,732$737,217$590,118$1,339,390
64$1,565,159$733,181$569,728$1,419,844
65$1,683,382$727,683$547,390$1,507,339
66$1,812,358$720,611$522,999$1,602,581
67$1,953,144$711,846$496,445$1,706,348
68$2,106,902$701,264$467,613$1,819,500
69$2,274,910$688,731$436,383$1,942,983
70$2,458,579$674,106$402,629$2,077,842
71$2,659,458$657,241$366,222$2,225,228
72$2,879,255$637,979$327,022$2,386,413
73$3,119,850$616,151$284,888$2,562,798
74$3,383,314$591,581$239,671$2,755,927
75$3,671,925$564,082$191,214$2,967,506
76$3,988,196$533,456$139,354$3,199,413
77$4,334,891$499,495$83,921$3,453,720
78$4,715,056$461,976$24,738$3,732,715
79$5,132,045$420,666$0$4,038,916
80$5,589,552$375,317$0$4,380,024
81$6,091,647$325,669$0$4,757,883
82$6,642,813$271,444$0$5,172,728
83$7,247,987$212,352$0$5,628,314
84$7,912,608$148,084$0$6,128,777
85$8,642,669$78,314$0$6,678,678
86$9,444,769$2,700$0$7,283,044
87$10,326,181$0$0$7,947,416
88$11,294,915$0$0$8,693,572
89$12,359,797$0$0$9,514,414
90$13,530,551$0$0$10,416,905
91$14,817,888$0$0$11,409,309
92$16,233,611$0$0$12,500,730
93$17,790,722$0$0$13,701,197
94$19,503,550$0$0$15,021,761
95$21,387,879$0$0$16,474,599
96$23,461,101$0$0$18,073,126
97$25,742,378$0$0$19,832,124
98$28,252,826$0$0$21,767,878
99$31,015,708$0$0$23,898,335
100$34,056,659$0$0$26,243,268