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%17.3%
1 years$57,062$56,554$56,058$55,574$55,101$53,466
2 years$28,249$27,722$27,213$26,718$26,239$24,605
3 years$18,645$18,117$17,608$17,119$16,647$15,065
4 years$13,845$13,318$12,814$12,333$11,873$10,356
5 years$10,965$10,441$9,944$9,473$9,025$7,577
6 years$9,046$8,526$8,037$7,576$7,142$5,763
7 years$7,676$7,160$6,678$6,228$5,808$4,500
8 years$6,648$6,138$5,664$5,225$4,818$3,579
9 years$5,850$5,344$4,878$4,450$4,058$2,887
10 years$5,211$4,710$4,253$3,836$3,457$2,353
11 years$4,689$4,193$3,744$3,339$2,973$1,933
12 years$4,255$3,764$3,323$2,928$2,577$1,599
13 years$3,887$3,401$2,969$2,585$2,247$1,329
14 years$3,572$3,092$2,668$2,295$1,970$1,110
15 years$3,300$2,824$2,408$2,047$1,734$929
16 years$3,061$2,591$2,184$1,833$1,533$781
17 years$2,851$2,386$1,987$1,647$1,359$657
18 years$2,665$2,205$1,814$1,484$1,208$555
19 years$2,498$2,044$1,660$1,341$1,077$469
20 years$2,348$1,899$1,524$1,214$962$397
21 years$2,213$1,769$1,402$1,102$861$336
22 years$2,090$1,651$1,292$1,002$772$285
23 years$1,978$1,544$1,193$913$693$242
24 years$1,876$1,447$1,103$832$623$205
25 years$1,782$1,358$1,022$760$560$174
26 years$1,695$1,276$948$695$505$148
27 years$1,614$1,201$880$636$455$126
28 years$1,540$1,132$818$583$411$107
29 years$1,471$1,068$761$535$371$91
30 years$1,407$1,008$709$491$335$78
31 years$1,346$953$661$451$303$66
32 years$1,290$902$617$414$274$56
33 years$1,237$854$576$381$248$48
34 years$1,188$810$538$350$224$41
35 years$1,141$768$503$323$203$35
36 years$1,097$729$471$297$184$30
37 years$1,056$692$440$274$167$25
38 years$1,017$658$412$252$151$22
39 years$980$626$386$233$137$18
40 years$945$595$362$215$124$16
41 years$911$567$340$198$113$13
42 years$880$540$319$183$102$11
43 years$850$514$299$169$93$10
44 years$821$490$281$156$84$8
45 years$794$467$264$144$77$7
46 years$768$446$247$133$70$6
47 years$743$425$233$123$63$5
48 years$719$406$218$113$57$4
49 years$696$388$205$105$52$4
50 years$675$370$193$97$47$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $691,000, adding $3,205 every year, while hoping to spend $46,296 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: 75/7/18 Blend
52$691,000$691,000$691,000$691,000
53$764,788$728,165$717,454$818,750
54$793,538$714,586$692,231$841,341
55$823,668$698,791$664,610$860,079
56$855,272$680,621$634,464$879,395
57$888,448$659,910$601,657$899,333
58$923,305$636,481$566,047$919,944
59$959,961$610,147$527,489$941,284
60$998,544$580,711$485,827$963,416
61$1,039,193$547,964$440,900$986,411
62$1,082,061$511,684$392,540$1,010,347
63$1,127,312$471,638$340,571$1,035,310
64$1,175,128$427,578$284,811$1,061,398
65$1,225,706$379,244$225,066$1,088,718
66$1,279,259$326,359$161,138$1,117,392
67$1,336,024$268,631$92,816$1,147,553
68$1,396,257$205,752$19,884$1,179,351
69$1,460,239$137,397$0$1,212,950
70$1,528,275$63,222$0$1,259,665
71$1,600,703$0$0$1,313,371
72$1,677,890$0$0$1,371,840
73$1,760,238$0$0$1,439,430
74$1,848,188$0$0$1,511,636
75$1,942,224$0$0$1,588,856
76$2,042,876$0$0$1,671,528
77$2,150,724$0$0$1,760,132
78$2,266,406$0$0$1,855,194
79$2,390,622$0$0$1,957,292
80$2,524,138$0$0$2,067,058
81$2,667,798$0$0$2,185,190
82$2,822,526$0$0$2,312,451
83$2,989,339$0$0$2,449,680
84$3,169,353$0$0$2,597,800
85$3,363,793$0$0$2,757,823
86$3,574,009$0$0$2,930,861
87$3,801,480$0$0$3,118,140
88$4,047,835$0$0$3,321,004
89$4,314,865$0$0$3,540,931
90$4,604,537$0$0$3,779,548
91$4,919,017$0$0$4,038,644
92$5,260,686$0$0$4,320,185
93$5,632,163$0$0$4,626,335
94$6,036,329$0$0$4,959,476
95$6,476,355$0$0$5,322,227
96$6,955,731$0$0$5,717,471
97$7,478,294$0$0$6,148,379
98$8,048,270$0$0$6,618,443
99$8,670,311$0$0$7,131,506
100$9,349,535$0$0$7,691,798