Can I retire at age 53 with 684,000?

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 $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%14.9%
1 years$56,484$55,981$55,490$55,011$54,543$53,442
2 years$27,962$27,442$26,937$26,448$25,973$24,868
3 years$18,456$17,933$17,430$16,945$16,478$15,405
4 years$13,704$13,183$12,685$12,208$11,752$10,718
5 years$10,854$10,336$9,844$9,377$8,934$7,942
6 years$8,954$8,440$7,955$7,499$7,069$6,120
7 years$7,598$7,088$6,611$6,165$5,749$4,844
8 years$6,581$6,075$5,606$5,172$4,769$3,908
9 years$5,790$5,290$4,829$4,405$4,017$3,197
10 years$5,158$4,663$4,210$3,797$3,422$2,645
11 years$4,642$4,151$3,706$3,305$2,943$2,207
12 years$4,211$3,726$3,289$2,899$2,551$1,854
13 years$3,848$3,367$2,939$2,559$2,224$1,566
14 years$3,536$3,060$2,640$2,272$1,950$1,329
15 years$3,266$2,796$2,384$2,026$1,717$1,132
16 years$3,030$2,565$2,161$1,814$1,517$968
17 years$2,823$2,362$1,967$1,630$1,345$829
18 years$2,638$2,183$1,795$1,469$1,196$712
19 years$2,473$2,023$1,644$1,327$1,066$613
20 years$2,325$1,880$1,508$1,202$952$528
21 years$2,191$1,751$1,388$1,091$852$456
22 years$2,069$1,635$1,279$992$764$394
23 years$1,958$1,529$1,181$903$686$340
24 years$1,857$1,432$1,092$824$616$295
25 years$1,763$1,344$1,011$752$555$255
26 years$1,678$1,263$938$688$500$221
27 years$1,598$1,189$871$630$450$192
28 years$1,524$1,120$810$577$406$166
29 years$1,456$1,057$754$529$367$144
30 years$1,392$998$702$486$332$125
31 years$1,333$944$654$446$300$109
32 years$1,277$893$611$410$271$95
33 years$1,225$846$570$377$245$82
34 years$1,176$801$533$347$222$71
35 years$1,130$760$498$319$201$62
36 years$1,086$721$466$294$182$54
37 years$1,045$685$436$271$165$47
38 years$1,007$651$408$250$150$41
39 years$970$619$383$230$136$36
40 years$935$589$359$212$123$31
41 years$902$561$336$196$112$27
42 years$871$534$315$181$101$23
43 years$841$509$296$167$92$20
44 years$813$485$278$154$84$18
45 years$786$463$261$142$76$15
46 years$760$441$245$131$69$13
47 years$735$421$230$121$63$12
48 years$712$402$216$112$57$10
49 years$689$384$203$104$52$9
50 years$668$367$191$96$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $684,000, adding $5,900 every year, while hoping to spend $52,516 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: 67/27/6 Blend
52$684,000$684,000$684,000$684,000
53$759,854$723,602$713,000$809,681
54$781,482$703,182$681,009$823,061
55$803,557$680,001$646,186$830,782
56$826,067$653,869$608,381$837,808
57$849,001$624,583$567,436$844,064
58$872,342$591,931$523,189$849,468
59$896,072$555,686$475,466$853,930
60$920,167$515,610$424,090$857,355
61$944,599$471,450$368,872$859,640
62$969,336$422,940$309,617$860,674
63$994,341$369,796$246,122$860,335
64$1,019,570$311,722$178,173$858,495
65$1,044,971$248,402$105,547$855,013
66$1,070,488$179,503$28,013$849,738
67$1,096,054$104,675$0$842,507
68$1,121,594$23,546$0$836,647
69$1,147,021$0$0$830,606
70$1,172,239$0$0$841,497
71$1,197,139$0$0$859,125
72$1,221,596$0$0$876,402
73$1,245,472$0$0$893,226
74$1,268,611$0$0$909,479
75$1,290,836$0$0$925,033
76$1,311,953$0$0$939,741
77$1,331,741$0$0$953,440
78$1,349,956$0$0$965,949
79$1,366,323$0$0$977,065
80$1,380,539$0$0$986,560
81$1,392,262$0$0$994,184
82$1,401,114$0$0$999,656
83$1,406,675$0$0$1,002,664
84$1,408,476$0$0$1,002,862
85$1,405,998$0$0$999,865
86$1,398,664$0$0$993,245
87$1,385,833$0$0$982,529
88$1,366,796$0$0$967,192
89$1,340,764$0$0$946,649
90$1,306,866$0$0$920,257
91$1,264,134$0$0$887,300
92$1,211,498$0$0$846,986
93$1,147,775$0$0$798,440
94$1,071,651$0$0$740,691
95$981,677$0$0$672,667
96$876,249$0$0$593,183
97$753,591$0$0$500,926
98$611,744$0$0$394,446
99$448,538$0$0$272,142
100$261,579$0$0$132,244