Can I retire at age 53 with 690,000?

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 $690,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$56,980$56,472$55,977$55,494$55,022$52,922
2 years$28,208$27,682$27,173$26,680$26,201$24,110
3 years$18,618$18,091$17,583$17,094$16,623$14,607
4 years$13,825$13,299$12,796$12,315$11,856$9,930
5 years$10,949$10,426$9,930$9,459$9,012$7,182
6 years$9,033$8,514$8,025$7,565$7,131$5,397
7 years$7,664$7,150$6,669$6,219$5,800$4,161
8 years$6,639$6,129$5,656$5,217$4,811$3,267
9 years$5,841$5,336$4,871$4,444$4,052$2,600
10 years$5,204$4,704$4,247$3,831$3,452$2,090
11 years$4,682$4,187$3,739$3,334$2,969$1,693
12 years$4,248$3,758$3,318$2,924$2,573$1,380
13 years$3,881$3,396$2,965$2,582$2,244$1,130
14 years$3,567$3,087$2,664$2,292$1,967$929
15 years$3,295$2,820$2,405$2,044$1,732$766
16 years$3,057$2,588$2,180$1,830$1,531$633
17 years$2,847$2,383$1,984$1,644$1,357$525
18 years$2,661$2,202$1,811$1,482$1,207$436
19 years$2,495$2,041$1,658$1,339$1,075$362
20 years$2,345$1,896$1,522$1,213$961$301
21 years$2,210$1,766$1,400$1,101$860$251
22 years$2,087$1,649$1,290$1,001$771$209
23 years$1,975$1,542$1,191$911$692$174
24 years$1,873$1,445$1,102$831$622$146
25 years$1,779$1,356$1,020$759$559$121
26 years$1,692$1,274$946$694$504$101
27 years$1,612$1,199$879$635$454$85
28 years$1,538$1,130$817$582$410$71
29 years$1,469$1,066$760$534$370$59
30 years$1,405$1,007$708$490$334$50
31 years$1,345$952$660$450$302$41
32 years$1,288$901$616$413$274$35
33 years$1,236$853$575$380$248$29
34 years$1,186$808$537$350$224$24
35 years$1,140$767$502$322$203$20
36 years$1,096$728$470$297$184$17
37 years$1,055$691$440$273$167$14
38 years$1,015$657$412$252$151$12
39 years$978$625$386$232$137$10
40 years$943$594$362$214$124$8
41 years$910$566$339$198$113$7
42 years$878$539$318$182$102$6
43 years$848$513$299$168$93$5
44 years$820$489$280$155$84$4
45 years$793$467$263$144$77$3
46 years$767$445$247$133$69$3
47 years$742$425$232$123$63$2
48 years$718$406$218$113$57$2
49 years$695$387$205$105$52$2
50 years$674$370$193$97$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $690,000, adding $3,475 every year, while hoping to spend $47,727 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: 55/21/24 Blend
52$690,000$690,000$690,000$690,000
53$763,964$727,394$716,699$800,780
54$791,108$712,256$689,928$811,302
55$819,420$694,775$660,660$817,471
56$848,970$674,789$628,761$823,189
57$879,832$652,121$594,092$828,429
58$912,087$626,586$556,505$833,161
59$945,820$597,990$515,849$837,358
60$981,127$566,124$471,963$840,991
61$1,018,108$530,770$424,680$844,032
62$1,056,874$491,697$373,825$846,455
63$1,097,543$448,658$319,217$848,231
64$1,140,247$401,397$260,665$849,337
65$1,185,125$349,638$197,970$849,747
66$1,232,330$293,093$130,925$849,439
67$1,282,030$231,456$59,312$848,394
68$1,334,405$164,406$0$846,595
69$1,389,653$91,600$0$848,409
70$1,447,989$12,680$0$865,939
71$1,509,648$0$0$884,038
72$1,574,886$0$0$919,581
73$1,643,983$0$0$960,360
74$1,717,244$0$0$1,003,628
75$1,795,003$0$0$1,049,586
76$1,877,626$0$0$1,098,455
77$1,965,512$0$0$1,150,476
78$2,059,097$0$0$1,205,912
79$2,158,861$0$0$1,265,053
80$2,265,328$0$0$1,328,214
81$2,379,072$0$0$1,395,743
82$2,500,721$0$0$1,468,019
83$2,630,967$0$0$1,545,460
84$2,770,567$0$0$1,628,522
85$2,920,349$0$0$1,717,707
86$3,081,225$0$0$1,813,567
87$3,254,195$0$0$1,916,704
88$3,440,357$0$0$2,027,783
89$3,640,916$0$0$2,147,533
90$3,857,195$0$0$2,276,755
91$4,090,650$0$0$2,416,327
92$4,342,877$0$0$2,567,217
93$4,615,634$0$0$2,730,487
94$4,910,850$0$0$2,907,306
95$5,230,647$0$0$3,098,956
96$5,577,359$0$0$3,306,851
97$5,953,550$0$0$3,532,543
98$6,362,044$0$0$3,777,739
99$6,805,942$0$0$4,044,320
100$7,288,659$0$0$4,334,351