Can I retire at age 53 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$56,732$56,226$55,733$55,252$54,782$53,285
2 years$28,085$27,562$27,055$26,564$26,087$24,589
3 years$18,537$18,012$17,506$17,020$16,551$15,100
4 years$13,764$13,241$12,740$12,262$11,804$10,411
5 years$10,901$10,381$9,887$9,418$8,973$7,642
6 years$8,993$8,477$7,990$7,532$7,100$5,832
7 years$7,631$7,119$6,640$6,192$5,774$4,569
8 years$6,610$6,102$5,631$5,195$4,790$3,647
9 years$5,816$5,313$4,850$4,425$4,034$2,952
10 years$5,181$4,683$4,228$3,814$3,437$2,415
11 years$4,662$4,169$3,723$3,319$2,956$1,992
12 years$4,230$3,742$3,304$2,912$2,562$1,654
13 years$3,864$3,382$2,952$2,570$2,234$1,380
14 years$3,552$3,074$2,652$2,282$1,958$1,157
15 years$3,281$2,808$2,394$2,035$1,724$974
16 years$3,044$2,576$2,171$1,822$1,524$821
17 years$2,835$2,373$1,975$1,637$1,351$695
18 years$2,649$2,192$1,803$1,475$1,201$589
19 years$2,484$2,032$1,651$1,333$1,071$500
20 years$2,335$1,888$1,515$1,207$956$425
21 years$2,200$1,759$1,394$1,096$856$362
22 years$2,078$1,642$1,284$996$767$308
23 years$1,967$1,535$1,186$907$689$263
24 years$1,865$1,439$1,097$828$619$224
25 years$1,771$1,350$1,016$756$557$191
26 years$1,685$1,269$942$691$502$163
27 years$1,605$1,194$875$633$452$140
28 years$1,531$1,125$813$580$408$119
29 years$1,462$1,062$757$531$369$102
30 years$1,398$1,003$705$488$333$87
31 years$1,339$948$657$448$301$75
32 years$1,283$897$613$412$272$64
33 years$1,230$849$573$379$246$55
34 years$1,181$805$535$348$223$47
35 years$1,135$763$500$321$202$40
36 years$1,091$725$468$295$183$34
37 years$1,050$688$438$272$166$29
38 years$1,011$654$410$251$150$25
39 years$974$622$384$231$136$22
40 years$939$592$360$213$124$19
41 years$906$563$338$197$112$16
42 years$875$536$317$182$102$14
43 years$845$511$297$168$92$12
44 years$816$487$279$155$84$10
45 years$789$465$262$143$76$9
46 years$763$443$246$132$69$7
47 years$739$423$231$122$63$6
48 years$715$404$217$113$57$5
49 years$692$386$204$104$52$5
50 years$671$368$192$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $687,000, adding $6,916 every year, while hoping to spend $36,968 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: 48/39/13 Blend
52$687,000$687,000$687,000$687,000
53$764,208$727,797$717,148$797,820
54$802,823$724,125$701,839$818,053
55$844,139$719,035$684,778$835,622
56$888,390$712,417$665,867$853,873
57$935,837$704,156$645,005$872,884
58$986,763$694,131$622,084$892,739
59$1,041,482$682,212$596,992$913,537
60$1,100,335$668,262$569,613$935,387
61$1,163,698$652,136$539,824$958,413
62$1,231,985$633,680$507,498$982,752
63$1,305,649$612,733$472,501$1,008,560
64$1,385,190$589,121$434,694$1,036,013
65$1,471,153$562,662$393,931$1,065,305
66$1,564,143$533,164$350,059$1,096,657
67$1,664,819$500,423$302,920$1,130,313
68$1,773,910$464,223$252,348$1,166,548
69$1,892,216$424,337$198,168$1,205,669
70$2,020,617$380,524$140,201$1,248,017
71$2,160,078$332,529$78,257$1,293,977
72$2,311,666$280,082$12,138$1,343,973
73$2,476,551$222,901$0$1,398,482
74$2,656,020$160,684$0$1,466,136
75$2,851,491$93,115$0$1,541,747
76$3,064,524$19,858$0$1,624,315
77$3,296,835$0$0$1,714,605
78$3,550,313$0$0$1,838,972
79$3,827,037$0$0$1,984,119
80$4,129,297$0$0$2,142,736
81$4,459,613$0$0$2,316,152
82$4,820,758$0$0$2,505,835
83$5,215,788$0$0$2,713,399
84$5,648,064$0$0$2,940,622
85$6,121,292$0$0$3,189,460
86$6,639,548$0$0$3,462,070
87$7,207,323$0$0$3,760,826
88$7,829,564$0$0$4,088,343
89$8,511,716$0$0$4,447,499
90$9,259,780$0$0$4,841,467
91$10,080,362$0$0$5,273,739
92$10,980,740$0$0$5,748,164
93$11,968,930$0$0$6,268,981
94$13,053,763$0$0$6,840,858
95$14,244,964$0$0$7,468,938
96$15,553,249$0$0$8,158,887
97$16,990,421$0$0$8,916,946
98$18,569,483$0$0$9,749,992
99$20,304,760$0$0$10,665,600
100$22,212,032$0$0$11,672,114