Can I retire at age 53 with 683,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $683,000?

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$56,402$55,899$55,409$54,931$54,463$53,082
2 years$27,922$27,402$26,898$26,409$25,935$24,552
3 years$18,429$17,907$17,404$16,920$16,454$15,113
4 years$13,684$13,164$12,666$12,190$11,735$10,447
5 years$10,838$10,320$9,829$9,363$8,921$7,688
6 years$8,941$8,427$7,944$7,488$7,059$5,883
7 years$7,587$7,077$6,601$6,156$5,741$4,622
8 years$6,571$6,067$5,598$5,164$4,762$3,700
9 years$5,782$5,282$4,822$4,399$4,011$3,004
10 years$5,151$4,656$4,204$3,792$3,417$2,465
11 years$4,635$4,145$3,701$3,300$2,939$2,040
12 years$4,205$3,720$3,284$2,895$2,547$1,699
13 years$3,842$3,362$2,934$2,555$2,221$1,423
14 years$3,531$3,056$2,637$2,268$1,947$1,197
15 years$3,261$2,792$2,381$2,023$1,714$1,011
16 years$3,026$2,561$2,158$1,811$1,515$856
17 years$2,818$2,359$1,964$1,628$1,343$726
18 years$2,634$2,180$1,793$1,467$1,194$618
19 years$2,469$2,020$1,641$1,325$1,065$526
20 years$2,321$1,877$1,506$1,200$951$449
21 years$2,188$1,749$1,385$1,089$851$384
22 years$2,066$1,632$1,277$991$763$328
23 years$1,955$1,527$1,179$902$685$281
24 years$1,854$1,430$1,090$823$615$241
25 years$1,761$1,342$1,010$751$554$206
26 years$1,675$1,261$937$687$499$177
27 years$1,596$1,187$870$629$450$152
28 years$1,522$1,119$809$576$406$130
29 years$1,454$1,055$752$528$366$112
30 years$1,390$997$701$485$331$96
31 years$1,331$942$653$445$299$83
32 years$1,275$892$610$409$271$71
33 years$1,223$844$569$376$245$61
34 years$1,174$800$532$346$222$52
35 years$1,128$759$497$319$201$45
36 years$1,085$720$465$294$182$39
37 years$1,044$684$435$271$165$33
38 years$1,005$650$408$249$150$29
39 years$968$618$382$230$136$25
40 years$934$588$358$212$123$21
41 years$901$560$336$196$112$18
42 years$870$533$315$181$101$16
43 years$840$508$296$167$92$14
44 years$812$484$277$154$83$12
45 years$785$462$260$142$76$10
46 years$759$441$245$131$69$9
47 years$734$420$230$121$62$7
48 years$711$401$216$112$57$6
49 years$688$383$203$104$52$5
50 years$667$366$191$96$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $683,000, adding $4,253 every year, while hoping to spend $55,187 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: 59/13/28 Blend
52$683,000$683,000$683,000$683,000
53$757,053$720,854$710,267$795,728
54$775,554$697,457$675,343$799,251
55$794,092$671,065$637,399$796,865
56$812,613$641,471$596,275$793,116
57$831,056$608,459$551,807$787,887
58$849,350$571,799$503,818$781,049
59$867,415$531,249$452,128$772,466
60$885,164$486,552$396,546$761,990
61$902,495$437,438$336,875$749,462
62$919,295$383,618$272,906$734,709
63$935,439$324,791$204,424$717,546
64$950,784$260,636$131,203$697,771
65$965,172$190,816$53,006$675,167
66$978,426$114,972$0$649,500
67$990,349$32,729$0$629,611
68$1,000,719$0$0$623,620
69$1,009,292$0$0$623,513
70$1,015,794$0$0$626,711
71$1,019,922$0$0$628,331
72$1,021,336$0$0$628,155
73$1,019,663$0$0$625,936
74$1,014,484$0$0$621,402
75$1,005,338$0$0$614,253
76$991,711$0$0$604,152
77$973,035$0$0$590,729
78$948,679$0$0$573,573
79$917,946$0$0$552,228
80$880,061$0$0$526,192
81$834,170$0$0$494,905
82$779,324$0$0$457,750
83$714,477$0$0$414,046
84$638,468$0$0$363,036
85$550,016$0$0$303,886
86$447,705$0$0$235,673
87$329,968$0$0$157,377
88$195,074$0$0$67,871
89$41,112$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0