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%14.9%
1 years$56,980$56,472$55,977$55,494$55,022$53,911
2 years$28,208$27,682$27,173$26,680$26,201$25,086
3 years$18,618$18,091$17,583$17,094$16,623$15,540
4 years$13,825$13,299$12,796$12,315$11,856$10,812
5 years$10,949$10,426$9,930$9,459$9,012$8,012
6 years$9,033$8,514$8,025$7,565$7,131$6,174
7 years$7,664$7,150$6,669$6,219$5,800$4,886
8 years$6,639$6,129$5,656$5,217$4,811$3,942
9 years$5,841$5,336$4,871$4,444$4,052$3,225
10 years$5,204$4,704$4,247$3,831$3,452$2,668
11 years$4,682$4,187$3,739$3,334$2,969$2,226
12 years$4,248$3,758$3,318$2,924$2,573$1,870
13 years$3,881$3,396$2,965$2,582$2,244$1,580
14 years$3,567$3,087$2,664$2,292$1,967$1,341
15 years$3,295$2,820$2,405$2,044$1,732$1,142
16 years$3,057$2,588$2,180$1,830$1,531$976
17 years$2,847$2,383$1,984$1,644$1,357$836
18 years$2,661$2,202$1,811$1,482$1,207$718
19 years$2,495$2,041$1,658$1,339$1,075$618
20 years$2,345$1,896$1,522$1,213$961$533
21 years$2,210$1,766$1,400$1,101$860$460
22 years$2,087$1,649$1,290$1,001$771$397
23 years$1,975$1,542$1,191$911$692$343
24 years$1,873$1,445$1,102$831$622$297
25 years$1,779$1,356$1,020$759$559$257
26 years$1,692$1,274$946$694$504$223
27 years$1,612$1,199$879$635$454$193
28 years$1,538$1,130$817$582$410$168
29 years$1,469$1,066$760$534$370$146
30 years$1,405$1,007$708$490$334$126
31 years$1,345$952$660$450$302$110
32 years$1,288$901$616$413$274$95
33 years$1,236$853$575$380$248$83
34 years$1,186$808$537$350$224$72
35 years$1,140$767$502$322$203$63
36 years$1,096$728$470$297$184$54
37 years$1,055$691$440$273$167$47
38 years$1,015$657$412$252$151$41
39 years$978$625$386$232$137$36
40 years$943$594$362$214$124$31
41 years$910$566$339$198$113$27
42 years$878$539$318$182$102$24
43 years$848$513$299$168$93$21
44 years$820$489$280$155$84$18
45 years$793$467$263$144$77$16
46 years$767$445$247$133$69$14
47 years$742$425$232$123$63$12
48 years$718$406$218$113$57$10
49 years$695$387$205$105$52$9
50 years$674$370$193$97$47$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $690,000, adding $4,074 every year, while hoping to spend $24,852 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: 38/37/25 Blend
52$690,000$690,000$690,000$690,000
53$764,582$728,012$717,317$787,803
54$816,127$737,243$714,905$814,347
55$872,097$746,092$711,579$840,415
56$932,917$754,516$707,283$868,099
57$999,053$762,467$701,956$897,562
58$1,071,022$769,893$695,537$928,983
59$1,149,388$776,740$687,959$962,561
60$1,234,776$782,950$679,156$998,517
61$1,327,869$788,461$669,054$1,037,095
62$1,429,423$793,207$657,578$1,078,566
63$1,540,268$797,118$644,651$1,123,231
64$1,661,318$800,119$630,190$1,171,422
65$1,793,580$802,132$614,108$1,223,509
66$1,938,160$803,072$596,316$1,279,897
67$2,096,280$802,849$576,719$1,341,041
68$2,269,281$801,369$555,220$1,407,438
69$2,458,642$798,531$531,714$1,479,644
70$2,665,991$794,227$506,095$1,558,271
71$2,893,123$788,344$478,249$1,643,996
72$3,142,010$780,762$448,060$1,737,569
73$3,414,828$771,353$415,403$1,839,819
74$3,713,973$759,981$380,151$1,951,665
75$4,042,081$746,503$342,169$2,074,120
76$4,402,059$730,767$301,317$2,208,306
77$4,797,106$712,612$257,448$2,355,462
78$5,230,749$691,868$210,411$2,516,961
79$5,706,869$668,354$160,044$2,694,315
80$6,229,746$641,879$106,181$2,889,200
81$6,804,090$612,241$48,648$3,103,466
82$7,435,093$579,227$0$3,339,156
83$8,128,473$542,609$0$3,601,930
84$8,890,531$502,151$0$3,904,951
85$9,728,206$457,598$0$4,238,036
86$10,649,146$408,683$0$4,604,283
87$11,661,775$355,124$0$5,007,109
88$12,775,374$296,623$0$5,450,286
89$14,000,169$232,865$0$5,937,973
90$15,347,427$163,516$0$6,474,758
91$16,829,561$88,225$0$7,065,703
92$18,460,249$6,621$0$7,716,390
93$20,254,561$0$0$8,432,978
94$22,229,100$0$0$9,255,518
95$24,402,163$0$0$10,163,835
96$26,793,907$0$0$11,163,676
97$29,426,545$0$0$12,264,338
98$32,324,551$0$0$13,476,070
99$35,514,894$0$0$14,810,163
100$39,027,288$0$0$16,279,058