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%12.8%
1 years$56,732$56,226$55,733$55,252$54,782$54,143
2 years$28,085$27,562$27,055$26,564$26,087$25,443
3 years$18,537$18,012$17,506$17,020$16,551$15,923
4 years$13,764$13,241$12,740$12,262$11,804$11,197
5 years$10,901$10,381$9,887$9,418$8,973$8,388
6 years$8,993$8,477$7,990$7,532$7,100$6,538
7 years$7,631$7,119$6,640$6,192$5,774$5,236
8 years$6,610$6,102$5,631$5,195$4,790$4,275
9 years$5,816$5,313$4,850$4,425$4,034$3,542
10 years$5,181$4,683$4,228$3,814$3,437$2,968
11 years$4,662$4,169$3,723$3,319$2,956$2,509
12 years$4,230$3,742$3,304$2,912$2,562$2,137
13 years$3,864$3,382$2,952$2,570$2,234$1,830
14 years$3,552$3,074$2,652$2,282$1,958$1,575
15 years$3,281$2,808$2,394$2,035$1,724$1,361
16 years$3,044$2,576$2,171$1,822$1,524$1,181
17 years$2,835$2,373$1,975$1,637$1,351$1,027
18 years$2,649$2,192$1,803$1,475$1,201$895
19 years$2,484$2,032$1,651$1,333$1,071$782
20 years$2,335$1,888$1,515$1,207$956$685
21 years$2,200$1,759$1,394$1,096$856$600
22 years$2,078$1,642$1,284$996$767$527
23 years$1,967$1,535$1,186$907$689$463
24 years$1,865$1,439$1,097$828$619$408
25 years$1,771$1,350$1,016$756$557$359
26 years$1,685$1,269$942$691$502$316
27 years$1,605$1,194$875$633$452$279
28 years$1,531$1,125$813$580$408$246
29 years$1,462$1,062$757$531$369$217
30 years$1,398$1,003$705$488$333$192
31 years$1,339$948$657$448$301$170
32 years$1,283$897$613$412$272$150
33 years$1,230$849$573$379$246$133
34 years$1,181$805$535$348$223$117
35 years$1,135$763$500$321$202$104
36 years$1,091$725$468$295$183$92
37 years$1,050$688$438$272$166$81
38 years$1,011$654$410$251$150$72
39 years$974$622$384$231$136$64
40 years$939$592$360$213$124$56
41 years$906$563$338$197$112$50
42 years$875$536$317$182$102$44
43 years$845$511$297$168$92$39
44 years$816$487$279$155$84$35
45 years$789$465$262$143$76$31
46 years$763$443$246$132$69$27
47 years$739$423$231$122$63$24
48 years$715$404$217$113$57$21
49 years$692$386$204$104$52$19
50 years$671$368$192$96$47$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $687,000, adding $3,347 every year, while hoping to spend $50,397 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: 47/35/18 Blend
52$687,000$687,000$687,000$687,000
53$760,526$724,115$713,467$792,247
54$784,478$705,975$683,746$796,522
55$809,184$685,257$651,340$795,803
56$834,667$661,781$616,107$793,952
57$860,953$635,358$577,896$790,885
58$888,065$605,786$536,551$786,511
59$916,031$572,853$491,909$780,735
60$944,878$536,333$443,799$773,458
61$974,632$495,990$392,043$764,573
62$1,005,322$451,572$336,454$753,969
63$1,036,978$402,812$276,838$741,526
64$1,069,630$349,429$212,992$727,120
65$1,103,309$291,128$144,704$710,619
66$1,138,047$227,595$71,753$691,883
67$1,173,878$158,497$0$670,765
68$1,210,836$83,486$0$648,280
69$1,248,957$2,192$0$637,878
70$1,288,276$0$0$625,636
71$1,328,831$0$0$644,460
72$1,370,661$0$0$664,746
73$1,413,805$0$0$685,669
74$1,458,306$0$0$707,250
75$1,504,205$0$0$729,509
76$1,551,546$0$0$752,467
77$1,600,374$0$0$776,146
78$1,650,735$0$0$800,568
79$1,702,678$0$0$825,757
80$1,756,251$0$0$851,737
81$1,811,505$0$0$878,532
82$1,868,493$0$0$906,167
83$1,927,269$0$0$934,669
84$1,987,887$0$0$964,064
85$2,050,406$0$0$994,381
86$2,114,884$0$0$1,025,647
87$2,181,382$0$0$1,057,892
88$2,249,962$0$0$1,091,146
89$2,320,689$0$0$1,125,442
90$2,393,629$0$0$1,160,809
91$2,468,850$0$0$1,197,282
92$2,546,422$0$0$1,234,895
93$2,626,418$0$0$1,273,682
94$2,708,912$0$0$1,313,679
95$2,793,979$0$0$1,354,924
96$2,881,700$0$0$1,397,454
97$2,972,154$0$0$1,441,308
98$3,065,425$0$0$1,486,527
99$3,161,598$0$0$1,533,152
100$3,260,761$0$0$1,581,225