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%19.6%
1 years$56,319$55,817$55,328$54,850$54,384$52,288
2 years$27,881$27,361$26,858$26,370$25,897$23,810
3 years$18,402$17,881$17,379$16,896$16,430$14,419
4 years$13,664$13,144$12,647$12,172$11,718$9,797
5 years$10,822$10,305$9,815$9,350$8,908$7,082
6 years$8,928$8,415$7,932$7,477$7,049$5,319
7 years$7,576$7,067$6,591$6,147$5,732$4,099
8 years$6,562$6,058$5,590$5,157$4,756$3,216
9 years$5,774$5,274$4,815$4,392$4,005$2,558
10 years$5,143$4,649$4,198$3,786$3,412$2,054
11 years$4,628$4,139$3,696$3,295$2,935$1,663
12 years$4,199$3,715$3,280$2,890$2,543$1,355
13 years$3,836$3,357$2,930$2,552$2,218$1,109
14 years$3,526$3,051$2,633$2,265$1,944$911
15 years$3,257$2,788$2,377$2,020$1,712$751
16 years$3,022$2,558$2,155$1,809$1,513$620
17 years$2,814$2,355$1,961$1,625$1,341$513
18 years$2,630$2,177$1,790$1,465$1,193$426
19 years$2,466$2,017$1,639$1,323$1,063$354
20 years$2,318$1,874$1,504$1,199$950$294
21 years$2,184$1,746$1,383$1,088$850$245
22 years$2,063$1,630$1,275$989$762$204
23 years$1,952$1,524$1,177$901$684$170
24 years$1,851$1,428$1,089$822$615$142
25 years$1,758$1,340$1,008$750$553$118
26 years$1,673$1,260$935$686$498$99
27 years$1,593$1,185$868$628$449$82
28 years$1,520$1,117$807$575$405$69
29 years$1,452$1,054$751$528$366$57
30 years$1,388$995$700$484$331$48
31 years$1,329$941$652$445$299$40
32 years$1,273$890$609$409$270$33
33 years$1,221$843$568$376$245$28
34 years$1,172$799$531$346$222$23
35 years$1,127$758$497$318$201$20
36 years$1,083$719$464$293$182$16
37 years$1,042$683$435$270$165$14
38 years$1,004$649$407$249$149$11
39 years$967$617$381$230$135$10
40 years$932$587$358$212$123$8
41 years$900$559$335$195$111$7
42 years$868$533$314$180$101$6
43 years$839$507$295$166$92$5
44 years$810$484$277$154$83$4
45 years$783$461$260$142$76$3
46 years$758$440$244$131$69$3
47 years$733$420$229$121$62$2
48 years$710$401$216$112$57$2
49 years$687$383$203$103$51$2
50 years$666$366$191$96$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $682,000, adding $4,027 every year, while hoping to spend $26,991 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: 62/15/23 Blend
52$682,000$682,000$682,000$682,000
53$755,718$719,572$709,001$797,769
54$804,083$726,113$704,034$833,236
55$856,476$732,069$697,996$868,607
56$913,281$737,385$690,823$906,622
57$974,917$741,998$682,448$947,545
58$1,041,848$745,845$672,798$991,664
59$1,114,581$748,856$661,802$1,039,298
60$1,193,676$750,958$649,380$1,090,800
61$1,279,750$752,073$635,453$1,146,559
62$1,373,479$752,120$619,935$1,207,005
63$1,475,609$751,009$602,738$1,272,613
64$1,586,960$748,648$583,769$1,343,905
65$1,708,436$744,937$562,931$1,421,462
66$1,841,030$739,772$540,123$1,505,921
67$1,985,836$733,042$515,238$1,597,986
68$2,144,058$724,628$488,166$1,698,437
69$2,317,023$714,406$458,790$1,808,131
70$2,506,189$702,242$426,989$1,928,017
71$2,713,164$687,996$392,638$2,059,140
72$2,939,719$671,519$355,603$2,202,655
73$3,187,801$652,654$315,746$2,359,836
74$3,459,556$631,234$272,923$2,532,088
75$3,757,349$607,082$226,984$2,720,963
76$4,083,781$580,012$177,771$2,928,173
77$4,441,720$549,825$125,119$3,155,606
78$4,834,322$516,314$68,857$3,405,345
79$5,265,065$479,256$8,806$3,679,690
80$5,737,780$438,418$0$3,981,176
81$6,256,686$393,552$0$4,326,167
82$6,826,430$344,398$0$4,707,372
83$7,452,133$290,680$0$5,126,080
84$8,139,433$232,106$0$5,586,100
85$8,894,544$168,369$0$6,091,628
86$9,724,310$99,142$0$6,647,287
87$10,636,273$24,082$0$7,258,177
88$11,638,737$0$0$7,929,914
89$12,740,857$0$0$8,678,128
90$13,952,714$0$0$9,505,269
91$15,285,418$0$0$10,414,951
92$16,751,208$0$0$11,415,534
93$18,363,568$0$0$12,516,232
94$20,137,358$0$0$13,727,196
95$22,088,945$0$0$15,059,608
96$24,236,369$0$0$16,525,791
97$26,599,502$0$0$18,139,324
98$29,200,241$0$0$19,915,166
99$32,062,715$0$0$21,869,801
100$35,213,509$0$0$24,021,392