Can I retire at age 53 with 692,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$57,145$56,636$56,139$55,654$55,181$54,111
2 years$28,289$27,763$27,252$26,757$26,277$25,203
3 years$18,672$18,143$17,634$17,143$16,671$15,627
4 years$13,865$13,337$12,833$12,351$11,890$10,884
5 years$10,981$10,456$9,959$9,487$9,039$8,073
6 years$9,059$8,539$8,048$7,587$7,152$6,228
7 years$7,687$7,171$6,688$6,237$5,816$4,935
8 years$6,658$6,147$5,672$5,232$4,825$3,986
9 years$5,858$5,352$4,885$4,457$4,064$3,265
10 years$5,219$4,717$4,259$3,842$3,462$2,704
11 years$4,696$4,199$3,750$3,344$2,978$2,259
12 years$4,261$3,769$3,328$2,933$2,580$1,901
13 years$3,893$3,406$2,973$2,589$2,250$1,608
14 years$3,577$3,096$2,671$2,298$1,973$1,366
15 years$3,304$2,828$2,412$2,050$1,737$1,166
16 years$3,066$2,595$2,187$1,835$1,535$997
17 years$2,856$2,390$1,990$1,649$1,361$856
18 years$2,669$2,208$1,816$1,486$1,210$736
19 years$2,502$2,047$1,663$1,343$1,079$634
20 years$2,352$1,902$1,526$1,216$963$547
21 years$2,216$1,772$1,404$1,104$862$473
22 years$2,093$1,654$1,294$1,004$773$409
23 years$1,981$1,547$1,195$914$694$354
24 years$1,878$1,449$1,105$834$624$307
25 years$1,784$1,360$1,023$761$561$267
26 years$1,697$1,278$949$696$505$231
27 years$1,617$1,203$881$637$456$201
28 years$1,542$1,133$819$584$411$175
29 years$1,473$1,069$762$535$371$152
30 years$1,409$1,010$710$491$335$132
31 years$1,348$955$662$451$303$115
32 years$1,292$903$618$415$274$100
33 years$1,239$855$577$381$248$87
34 years$1,190$811$539$351$225$76
35 years$1,143$769$504$323$204$66
36 years$1,099$730$471$297$184$57
37 years$1,058$693$441$274$167$50
38 years$1,018$659$413$253$152$44
39 years$981$626$387$233$137$38
40 years$946$596$363$215$125$33
41 years$913$567$340$198$113$29
42 years$881$540$319$183$103$25
43 years$851$515$299$169$93$22
44 years$822$491$281$156$85$19
45 years$795$468$264$144$77$17
46 years$769$446$248$133$70$15
47 years$744$426$233$123$63$13
48 years$720$407$219$114$57$11
49 years$697$388$206$105$52$10
50 years$676$371$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 $692,000, adding $4,442 every year, while hoping to spend $54,173 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: 52/28/20 Blend
52$692,000$692,000$692,000$692,000
53$767,166$730,490$719,764$802,615
54$787,777$708,644$686,236$805,650
55$808,675$683,913$649,770$802,957
56$829,832$656,096$610,209$798,871
57$851,215$624,985$567,391$793,277
58$872,786$590,356$521,146$786,055
59$894,502$551,976$471,296$777,073
60$916,313$509,594$417,656$766,192
61$938,162$462,949$360,033$753,261
62$959,983$411,762$298,222$738,121
63$981,703$355,741$232,015$720,598
64$1,003,238$294,573$161,189$700,509
65$1,024,494$227,933$85,514$677,656
66$1,045,365$155,474$4,751$651,827
67$1,065,729$76,830$0$622,793
68$1,085,454$0$0$607,690
69$1,104,388$0$0$593,671
70$1,122,362$0$0$602,736
71$1,139,187$0$0$611,105
72$1,154,652$0$0$618,653
73$1,168,521$0$0$625,246
74$1,180,533$0$0$630,732
75$1,190,393$0$0$634,940
76$1,197,776$0$0$637,684
77$1,202,320$0$0$638,755
78$1,203,623$0$0$637,919
79$1,201,236$0$0$634,920
80$1,194,664$0$0$629,470
81$1,183,354$0$0$621,253
82$1,166,697$0$0$609,917
83$1,144,013$0$0$595,071
84$1,114,553$0$0$576,283
85$1,077,483$0$0$553,075
86$1,031,884$0$0$524,918
87$976,736$0$0$491,224
88$910,910$0$0$451,346
89$833,158$0$0$404,566
90$742,099$0$0$350,090
91$636,207$0$0$287,042
92$513,793$0$0$214,452
93$372,994$0$0$131,249
94$211,747$0$0$36,250
95$27,775$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