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%13.5%
1 years$56,236$55,735$55,247$54,770$54,304$53,514
2 years$27,840$27,321$26,819$26,332$25,859$25,065
3 years$18,375$17,855$17,354$16,871$16,406$15,633
4 years$13,644$13,125$12,629$12,155$11,701$10,954
5 years$10,806$10,290$9,801$9,336$8,895$8,177
6 years$8,915$8,403$7,920$7,466$7,038$6,349
7 years$7,564$7,057$6,582$6,138$5,724$5,065
8 years$6,552$6,049$5,582$5,149$4,749$4,119
9 years$5,765$5,267$4,808$4,386$3,999$3,398
10 years$5,136$4,642$4,191$3,781$3,407$2,836
11 years$4,621$4,133$3,690$3,290$2,930$2,387
12 years$4,193$3,709$3,275$2,886$2,539$2,023
13 years$3,831$3,352$2,926$2,548$2,214$1,725
14 years$3,521$3,047$2,629$2,262$1,941$1,478
15 years$3,252$2,783$2,374$2,017$1,709$1,271
16 years$3,017$2,554$2,152$1,806$1,511$1,097
17 years$2,810$2,352$1,958$1,623$1,339$950
18 years$2,626$2,173$1,788$1,462$1,191$824
19 years$2,462$2,014$1,636$1,321$1,061$716
20 years$2,315$1,872$1,502$1,197$948$624
21 years$2,181$1,743$1,381$1,086$848$544
22 years$2,060$1,627$1,273$988$761$475
23 years$1,950$1,522$1,176$899$683$415
24 years$1,849$1,426$1,087$820$614$363
25 years$1,756$1,338$1,007$749$552$318
26 years$1,670$1,258$934$685$497$279
27 years$1,591$1,184$867$627$448$245
28 years$1,518$1,115$806$574$405$215
29 years$1,450$1,052$750$527$365$188
30 years$1,386$994$699$483$330$165
31 years$1,327$939$651$444$298$145
32 years$1,272$889$608$408$270$128
33 years$1,220$842$568$375$244$112
34 years$1,171$798$530$345$221$99
35 years$1,125$757$496$318$200$87
36 years$1,082$718$464$293$182$76
37 years$1,041$682$434$270$165$67
38 years$1,002$648$407$249$149$59
39 years$966$616$381$229$135$52
40 years$931$587$357$211$123$46
41 years$898$558$335$195$111$40
42 years$867$532$314$180$101$36
43 years$837$507$295$166$92$31
44 years$809$483$277$153$83$28
45 years$782$461$260$142$76$24
46 years$757$439$244$131$69$21
47 years$732$419$229$121$62$19
48 years$709$400$215$112$57$17
49 years$686$382$202$103$51$15
50 years$665$365$190$95$47$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $681,000, adding $4,832 every year, while hoping to spend $21,440 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: 29/49/22 Blend
52$681,000$681,000$681,000$681,000
53$755,446$719,353$708,798$772,036
54$809,690$731,790$709,730$797,670
55$868,748$744,117$709,976$822,979
56$933,088$756,307$709,488$849,741
57$1,003,227$768,329$708,220$878,094
58$1,079,731$780,152$706,120$908,191
59$1,163,225$791,741$703,137$940,202
60$1,254,396$803,059$699,214$974,316
61$1,354,001$814,066$694,295$1,010,739
62$1,462,874$824,719$688,318$1,049,704
63$1,581,930$834,974$681,219$1,091,465
64$1,712,180$844,780$672,933$1,136,305
65$1,854,735$854,088$663,390$1,184,537
66$2,010,821$862,841$652,516$1,236,507
67$2,181,785$870,980$640,235$1,292,599
68$2,369,112$878,443$626,468$1,353,236
69$2,574,436$885,162$611,130$1,418,887
70$2,799,560$891,066$594,134$1,490,072
71$3,046,466$896,079$575,388$1,567,365
72$3,317,339$900,120$554,797$1,651,400
73$3,614,585$903,104$532,260$1,742,880
74$3,940,855$904,938$507,673$1,842,581
75$4,299,068$905,526$480,926$1,951,361
76$4,692,441$904,764$451,905$2,070,169
77$5,124,516$902,544$420,490$2,200,054
78$5,599,196$898,748$386,556$2,342,175
79$6,120,781$893,254$349,973$2,497,814
80$6,694,008$885,930$310,604$2,668,385
81$7,324,094$876,638$268,307$2,855,452
82$8,016,788$865,231$222,932$3,060,745
83$8,778,426$851,552$174,325$3,286,170
84$9,615,983$835,436$122,323$3,533,837
85$10,537,150$816,709$66,758$3,806,075
86$11,550,396$795,185$7,451$4,105,454
87$12,665,055$770,667$0$4,434,816
88$13,891,410$742,949$0$4,810,403
89$15,240,790$711,809$0$5,225,289
90$16,725,678$677,016$0$5,681,591
91$18,359,831$638,324$0$6,183,581
92$20,158,404$595,472$0$6,735,965
93$22,138,096$548,185$0$7,343,941
94$24,317,308$496,172$0$8,013,237
95$26,716,316$439,126$0$8,750,177
96$29,357,459$376,722$0$9,561,730
97$32,265,355$308,617$0$10,455,589
98$35,467,130$234,448$0$11,440,235
99$38,992,673$153,832$0$12,525,023
100$42,874,920$66,364$0$13,720,269