Can I retire at age 53 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$56,319$55,817$55,328$54,850$54,384$53,951
2 years$27,881$27,361$26,858$26,370$25,897$25,460
3 years$18,402$17,881$17,379$16,896$16,430$16,004
4 years$13,664$13,144$12,647$12,172$11,718$11,305
5 years$10,822$10,305$9,815$9,350$8,908$8,509
6 years$8,928$8,415$7,932$7,477$7,049$6,665
7 years$7,576$7,067$6,591$6,147$5,732$5,364
8 years$6,562$6,058$5,590$5,157$4,756$4,402
9 years$5,774$5,274$4,815$4,392$4,005$3,667
10 years$5,143$4,649$4,198$3,786$3,412$3,089
11 years$4,628$4,139$3,696$3,295$2,935$2,626
12 years$4,199$3,715$3,280$2,890$2,543$2,249
13 years$3,836$3,357$2,930$2,552$2,218$1,938
14 years$3,526$3,051$2,633$2,265$1,944$1,678
15 years$3,257$2,788$2,377$2,020$1,712$1,459
16 years$3,022$2,558$2,155$1,809$1,513$1,273
17 years$2,814$2,355$1,961$1,625$1,341$1,114
18 years$2,630$2,177$1,790$1,465$1,193$978
19 years$2,466$2,017$1,639$1,323$1,063$860
20 years$2,318$1,874$1,504$1,199$950$757
21 years$2,184$1,746$1,383$1,088$850$669
22 years$2,063$1,630$1,275$989$762$591
23 years$1,952$1,524$1,177$901$684$523
24 years$1,851$1,428$1,089$822$615$463
25 years$1,758$1,340$1,008$750$553$411
26 years$1,673$1,260$935$686$498$365
27 years$1,593$1,185$868$628$449$324
28 years$1,520$1,117$807$575$405$288
29 years$1,452$1,054$751$528$366$256
30 years$1,388$995$700$484$331$228
31 years$1,329$941$652$445$299$203
32 years$1,273$890$609$409$270$181
33 years$1,221$843$568$376$245$161
34 years$1,172$799$531$346$222$144
35 years$1,127$758$497$318$201$128
36 years$1,083$719$464$293$182$114
37 years$1,042$683$435$270$165$102
38 years$1,004$649$407$249$149$91
39 years$967$617$381$230$135$81
40 years$932$587$358$212$123$72
41 years$900$559$335$195$111$65
42 years$868$533$314$180$101$58
43 years$839$507$295$166$92$51
44 years$810$484$277$154$83$46
45 years$783$461$260$142$76$41
46 years$758$440$244$131$69$37
47 years$733$420$229$121$62$33
48 years$710$401$216$112$57$29
49 years$687$383$203$103$51$26
50 years$666$366$191$96$47$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $682,000, adding $6,773 every year, while hoping to spend $37,643 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: 40/31/29 Blend
52$682,000$682,000$682,000$682,000
53$758,550$722,404$711,833$782,176
54$795,871$717,750$695,628$795,347
55$835,736$711,607$677,618$805,607
56$878,366$703,860$657,703$815,996
57$924,002$694,392$635,779$826,550
58$972,909$683,076$611,736$837,313
59$1,025,375$669,776$585,459$848,334
60$1,081,720$654,352$556,828$859,670
61$1,142,292$636,652$525,719$871,391
62$1,207,475$616,517$492,000$883,573
63$1,277,690$593,779$455,534$896,306
64$1,353,399$568,259$416,179$909,694
65$1,435,110$539,768$373,786$923,854
66$1,523,381$508,106$328,197$938,921
67$1,618,825$473,062$279,251$955,048
68$1,722,117$434,414$226,777$972,407
69$1,833,996$391,923$170,597$991,196
70$1,955,278$345,342$110,527$1,011,637
71$2,086,859$294,406$46,372$1,033,982
72$2,229,723$238,837$0$1,058,513
73$2,384,954$178,339$0$1,092,387
74$2,553,745$112,604$0$1,144,881
75$2,737,407$41,301$0$1,202,103
76$2,937,382$0$0$1,264,576
77$3,155,259$0$0$1,345,131
78$3,392,784$0$0$1,448,393
79$3,651,882$0$0$1,561,118
80$3,934,667$0$0$1,684,238
81$4,243,471$0$0$1,818,778
82$4,580,859$0$0$1,965,869
83$4,949,653$0$0$2,126,752
84$5,352,963$0$0$2,302,797
85$5,794,211$0$0$2,495,510
86$6,277,168$0$0$2,706,552
87$6,805,982$0$0$2,937,750
88$7,385,224$0$0$3,191,117
89$8,019,927$0$0$3,468,869
90$8,715,635$0$0$3,773,448
91$9,478,452$0$0$4,107,543
92$10,315,101$0$0$4,474,115
93$11,232,989$0$0$4,876,427
94$12,240,272$0$0$5,318,073
95$13,345,936$0$0$5,803,010
96$14,559,878$0$0$6,335,600
97$15,893,001$0$0$6,920,645
98$17,357,315$0$0$7,563,437
99$18,966,051$0$0$8,269,807
100$20,733,784$0$0$9,046,175