Can I retire at age 53 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$56,484$55,981$55,490$55,011$54,543$53,376
2 years$27,962$27,442$26,937$26,448$25,973$24,803
3 years$18,456$17,933$17,430$16,945$16,478$15,342
4 years$13,704$13,183$12,685$12,208$11,752$10,658
5 years$10,854$10,336$9,844$9,377$8,934$7,885
6 years$8,954$8,440$7,955$7,499$7,069$6,067
7 years$7,598$7,088$6,611$6,165$5,749$4,793
8 years$6,581$6,075$5,606$5,172$4,769$3,860
9 years$5,790$5,290$4,829$4,405$4,017$3,153
10 years$5,158$4,663$4,210$3,797$3,422$2,603
11 years$4,642$4,151$3,706$3,305$2,943$2,168
12 years$4,211$3,726$3,289$2,899$2,551$1,818
13 years$3,848$3,367$2,939$2,559$2,224$1,533
14 years$3,536$3,060$2,640$2,272$1,950$1,298
15 years$3,266$2,796$2,384$2,026$1,717$1,104
16 years$3,030$2,565$2,161$1,814$1,517$941
17 years$2,823$2,362$1,967$1,630$1,345$805
18 years$2,638$2,183$1,795$1,469$1,196$689
19 years$2,473$2,023$1,644$1,327$1,066$592
20 years$2,325$1,880$1,508$1,202$952$509
21 years$2,191$1,751$1,388$1,091$852$438
22 years$2,069$1,635$1,279$992$764$378
23 years$1,958$1,529$1,181$903$686$326
24 years$1,857$1,432$1,092$824$616$281
25 years$1,763$1,344$1,011$752$555$243
26 years$1,678$1,263$938$688$500$210
27 years$1,598$1,189$871$630$450$182
28 years$1,524$1,120$810$577$406$157
29 years$1,456$1,057$754$529$367$136
30 years$1,392$998$702$486$332$118
31 years$1,333$944$654$446$300$102
32 years$1,277$893$611$410$271$89
33 years$1,225$846$570$377$245$77
34 years$1,176$801$533$347$222$67
35 years$1,130$760$498$319$201$58
36 years$1,086$721$466$294$182$50
37 years$1,045$685$436$271$165$43
38 years$1,007$651$408$250$150$38
39 years$970$619$383$230$136$33
40 years$935$589$359$212$123$28
41 years$902$561$336$196$112$25
42 years$871$534$315$181$101$21
43 years$841$509$296$167$92$19
44 years$813$485$278$154$84$16
45 years$786$463$261$142$76$14
46 years$760$441$245$131$69$12
47 years$735$421$230$121$63$11
48 years$712$402$216$112$57$9
49 years$689$384$203$104$52$8
50 years$668$367$191$96$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $684,000, adding $3,173 every year, while hoping to spend $33,543 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: 72/22/6 Blend
52$684,000$684,000$684,000$684,000
53$757,041$720,789$710,187$810,767
54$798,570$720,418$698,289$846,254
55$843,210$718,905$684,868$880,589
56$891,244$716,158$669,837$917,235
57$942,982$712,080$653,107$956,410
58$998,762$706,569$634,583$998,354
59$1,058,960$699,515$614,166$1,043,333
60$1,123,985$690,802$591,751$1,091,639
61$1,194,289$680,308$567,232$1,143,596
62$1,270,366$667,903$540,495$1,199,558
63$1,352,763$653,450$511,421$1,259,921
64$1,442,078$636,802$479,886$1,325,118
65$1,538,970$617,806$445,763$1,395,628
66$1,644,164$596,297$408,915$1,471,981
67$1,758,457$572,104$369,201$1,554,760
68$1,882,724$545,042$326,475$1,644,609
69$2,017,932$514,919$280,581$1,742,240
70$2,165,141$481,530$231,361$1,848,438
71$2,325,518$444,658$178,644$1,964,069
72$2,500,350$404,075$122,257$2,090,089
73$2,691,049$359,538$62,017$2,227,554
74$2,899,173$310,793$0$2,377,627
75$3,126,436$257,568$0$2,541,739
76$3,374,723$199,579$0$2,725,409
77$3,646,111$136,525$0$2,926,241
78$3,942,886$68,087$0$3,145,976
79$4,267,566$0$0$3,386,533
80$4,622,922$0$0$3,651,499
81$5,012,006$0$0$3,959,695
82$5,438,180$0$0$4,297,301
83$5,905,144$0$0$4,667,256
84$6,416,975$0$0$5,072,793
85$6,978,163$0$0$5,517,472
86$7,593,651$0$0$6,005,218
87$8,268,886$0$0$6,540,350
88$9,009,867$0$0$7,127,627
89$9,823,200$0$0$7,772,292
90$10,716,165$0$0$8,480,119
91$11,696,779$0$0$9,257,468
92$12,773,874$0$0$10,111,346
93$13,957,179$0$0$11,049,473
94$15,257,412$0$0$12,080,352
95$16,686,383$0$0$13,213,352
96$18,257,099$0$0$14,458,792
97$19,983,892$0$0$15,828,045
98$21,882,552$0$0$17,333,637
99$23,970,475$0$0$18,989,369
100$26,266,828$0$0$20,810,449