Can I retire at age 53 with 691,000?

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 $691,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$57,062$56,554$56,058$55,574$55,101$54,368
2 years$28,249$27,722$27,213$26,718$26,239$25,501
3 years$18,645$18,117$17,608$17,119$16,647$15,928
4 years$13,845$13,318$12,814$12,333$11,873$11,178
5 years$10,965$10,441$9,944$9,473$9,025$8,356
6 years$9,046$8,526$8,037$7,576$7,142$6,500
7 years$7,676$7,160$6,678$6,228$5,808$5,193
8 years$6,648$6,138$5,664$5,225$4,818$4,231
9 years$5,850$5,344$4,878$4,450$4,058$3,497
10 years$5,211$4,710$4,253$3,836$3,457$2,923
11 years$4,689$4,193$3,744$3,339$2,973$2,465
12 years$4,255$3,764$3,323$2,928$2,577$2,094
13 years$3,887$3,401$2,969$2,585$2,247$1,789
14 years$3,572$3,092$2,668$2,295$1,970$1,536
15 years$3,300$2,824$2,408$2,047$1,734$1,324
16 years$3,061$2,591$2,184$1,833$1,533$1,145
17 years$2,851$2,386$1,987$1,647$1,359$993
18 years$2,665$2,205$1,814$1,484$1,208$863
19 years$2,498$2,044$1,660$1,341$1,077$752
20 years$2,348$1,899$1,524$1,214$962$656
21 years$2,213$1,769$1,402$1,102$861$573
22 years$2,090$1,651$1,292$1,002$772$502
23 years$1,978$1,544$1,193$913$693$440
24 years$1,876$1,447$1,103$832$623$386
25 years$1,782$1,358$1,022$760$560$339
26 years$1,695$1,276$948$695$505$298
27 years$1,614$1,201$880$636$455$262
28 years$1,540$1,132$818$583$411$230
29 years$1,471$1,068$761$535$371$203
30 years$1,407$1,008$709$491$335$178
31 years$1,346$953$661$451$303$157
32 years$1,290$902$617$414$274$138
33 years$1,237$854$576$381$248$122
34 years$1,188$810$538$350$224$108
35 years$1,141$768$503$323$203$95
36 years$1,097$729$471$297$184$84
37 years$1,056$692$440$274$167$74
38 years$1,017$658$412$252$151$65
39 years$980$626$386$233$137$57
40 years$945$595$362$215$124$51
41 years$911$567$340$198$113$45
42 years$880$540$319$183$102$40
43 years$850$514$299$169$93$35
44 years$821$490$281$156$84$31
45 years$794$467$264$144$77$27
46 years$768$446$247$133$70$24
47 years$743$425$233$123$63$21
48 years$719$406$218$113$57$19
49 years$696$388$205$105$52$17
50 years$675$370$193$97$47$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $691,000, adding $6,421 every year, while hoping to spend $55,507 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: 68/13/19 Blend
52$691,000$691,000$691,000$691,000
53$768,105$731,482$720,772$816,330
54$787,393$708,266$685,859$826,154
55$806,788$682,052$647,915$829,815
56$826,242$652,634$606,782$832,462
57$845,701$619,795$562,292$833,991
58$865,103$583,305$514,269$834,292
59$884,377$542,922$462,531$833,242
60$903,446$498,387$406,888$830,710
61$922,219$449,429$347,140$826,553
62$940,595$395,761$283,079$820,615
63$958,461$337,079$214,488$812,727
64$975,690$273,062$141,139$802,707
65$992,140$203,371$62,797$790,354
66$1,007,650$127,649$0$775,453
67$1,022,044$45,517$0$761,986
68$1,035,122$0$0$759,339
69$1,046,662$0$0$760,756
70$1,056,416$0$0$767,323
71$1,064,110$0$0$772,322
72$1,069,437$0$0$775,524
73$1,072,056$0$0$776,672
74$1,071,588$0$0$775,481
75$1,067,613$0$0$771,635
76$1,059,665$0$0$764,785
77$1,047,226$0$0$754,541
78$1,029,721$0$0$740,472
79$1,006,514$0$0$722,100
80$976,901$0$0$698,897
81$940,101$0$0$670,275
82$895,249$0$0$635,588
83$841,388$0$0$594,116
84$777,461$0$0$545,065
85$702,296$0$0$487,557
86$614,599$0$0$420,621
87$512,938$0$0$343,182
88$395,730$0$0$254,054
89$261,227$0$0$151,924
90$107,496$0$0$35,344
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0