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%15.4%
1 years$56,980$56,472$55,977$55,494$55,022$53,801
2 years$28,208$27,682$27,173$26,680$26,201$24,977
3 years$18,618$18,091$17,583$17,094$16,623$15,435
4 years$13,825$13,299$12,796$12,315$11,856$10,712
5 years$10,949$10,426$9,930$9,459$9,012$7,917
6 years$9,033$8,514$8,025$7,565$7,131$6,084
7 years$7,664$7,150$6,669$6,219$5,800$4,802
8 years$6,639$6,129$5,656$5,217$4,811$3,862
9 years$5,841$5,336$4,871$4,444$4,052$3,151
10 years$5,204$4,704$4,247$3,831$3,452$2,599
11 years$4,682$4,187$3,739$3,334$2,969$2,161
12 years$4,248$3,758$3,318$2,924$2,573$1,810
13 years$3,881$3,396$2,965$2,582$2,244$1,524
14 years$3,567$3,087$2,664$2,292$1,967$1,289
15 years$3,295$2,820$2,405$2,044$1,732$1,094
16 years$3,057$2,588$2,180$1,830$1,531$932
17 years$2,847$2,383$1,984$1,644$1,357$795
18 years$2,661$2,202$1,811$1,482$1,207$681
19 years$2,495$2,041$1,658$1,339$1,075$583
20 years$2,345$1,896$1,522$1,213$961$501
21 years$2,210$1,766$1,400$1,101$860$431
22 years$2,087$1,649$1,290$1,001$771$370
23 years$1,975$1,542$1,191$911$692$319
24 years$1,873$1,445$1,102$831$622$275
25 years$1,779$1,356$1,020$759$559$237
26 years$1,692$1,274$946$694$504$205
27 years$1,612$1,199$879$635$454$177
28 years$1,538$1,130$817$582$410$153
29 years$1,469$1,066$760$534$370$132
30 years$1,405$1,007$708$490$334$114
31 years$1,345$952$660$450$302$99
32 years$1,288$901$616$413$274$86
33 years$1,236$853$575$380$248$74
34 years$1,186$808$537$350$224$64
35 years$1,140$767$502$322$203$55
36 years$1,096$728$470$297$184$48
37 years$1,055$691$440$273$167$42
38 years$1,015$657$412$252$151$36
39 years$978$625$386$232$137$31
40 years$943$594$362$214$124$27
41 years$910$566$339$198$113$23
42 years$878$539$318$182$102$20
43 years$848$513$299$168$93$18
44 years$820$489$280$155$84$15
45 years$793$467$263$144$77$13
46 years$767$445$247$133$69$11
47 years$742$425$232$123$63$10
48 years$718$406$218$113$57$9
49 years$695$387$205$105$52$7
50 years$674$370$193$97$47$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $690,000, adding $6,469 every year, while hoping to spend $44,947 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: 47/25/28 Blend
52$690,000$690,000$690,000$690,000
53$767,053$730,483$719,788$796,684
54$797,469$718,453$696,077$806,213
55$829,481$704,328$670,066$811,667
56$863,205$687,956$641,630$816,719
57$898,765$669,180$610,638$821,357
58$936,299$647,830$576,955$825,566
59$975,957$623,728$540,438$829,337
60$1,017,900$596,687$500,938$832,661
61$1,062,307$566,505$458,301$835,534
62$1,109,372$532,974$412,363$837,954
63$1,159,307$495,868$362,956$839,923
64$1,212,343$454,953$309,903$841,449
65$1,268,736$409,979$253,018$842,544
66$1,328,761$360,682$192,108$843,227
67$1,392,723$306,785$126,972$843,524
68$1,460,955$247,991$57,400$843,469
69$1,533,821$183,991$0$843,107
70$1,611,721$114,457$0$847,525
71$1,695,092$39,041$0$870,384
72$1,784,414$0$0$894,671
73$1,880,215$0$0$932,281
74$1,983,072$0$0$984,245
75$2,093,619$0$0$1,040,152
76$2,212,553$0$0$1,100,359
77$2,340,638$0$0$1,165,263
78$2,478,713$0$0$1,235,295
79$2,627,700$0$0$1,310,933
80$2,788,613$0$0$1,392,700
81$2,962,565$0$0$1,481,170
82$3,150,780$0$0$1,576,976
83$3,354,603$0$0$1,680,814
84$3,575,513$0$0$1,793,447
85$3,815,136$0$0$1,915,716
86$4,075,261$0$0$2,048,546
87$4,357,854$0$0$2,192,953
88$4,665,080$0$0$2,350,056
89$4,999,318$0$0$2,521,087
90$5,363,189$0$0$2,707,400
91$5,759,573$0$0$2,910,486
92$6,191,643$0$0$3,131,984
93$6,662,888$0$0$3,373,701
94$7,177,151$0$0$3,637,624
95$7,738,660$0$0$3,925,941
96$8,352,071$0$0$4,241,061
97$9,022,507$0$0$4,585,636
98$9,755,612$0$0$4,962,584
99$10,557,596$0$0$5,375,122
100$11,435,301$0$0$5,826,788