Can I retire at age 53 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$58,549$58,027$57,518$57,022$56,537$54,881
2 years$28,984$28,445$27,921$27,414$26,922$25,267
3 years$19,131$18,589$18,067$17,565$17,081$15,479
4 years$14,205$13,665$13,148$12,654$12,182$10,645
5 years$11,251$10,713$10,204$9,720$9,261$7,793
6 years$9,281$8,748$8,246$7,773$7,328$5,931
7 years$7,875$7,347$6,852$6,391$5,959$4,633
8 years$6,821$6,298$5,811$5,361$4,944$3,688
9 years$6,002$5,483$5,005$4,566$4,163$2,976
10 years$5,347$4,833$4,364$3,936$3,547$2,427
11 years$4,811$4,303$3,842$3,426$3,051$1,995
12 years$4,365$3,862$3,410$3,005$2,644$1,651
13 years$3,988$3,490$3,046$2,653$2,305$1,374
14 years$3,665$3,172$2,737$2,355$2,021$1,148
15 years$3,386$2,898$2,471$2,100$1,779$962
16 years$3,141$2,659$2,240$1,880$1,573$809
17 years$2,926$2,449$2,039$1,690$1,394$681
18 years$2,734$2,263$1,861$1,523$1,240$575
19 years$2,563$2,097$1,704$1,376$1,105$487
20 years$2,410$1,949$1,564$1,246$987$412
21 years$2,271$1,815$1,438$1,131$883$349
22 years$2,145$1,694$1,326$1,028$792$296
23 years$2,030$1,585$1,224$936$711$252
24 years$1,925$1,485$1,132$854$639$214
25 years$1,828$1,393$1,048$780$575$182
26 years$1,739$1,310$972$713$518$155
27 years$1,657$1,232$903$653$467$132
28 years$1,580$1,161$839$598$421$112
29 years$1,509$1,096$781$548$380$96
30 years$1,443$1,035$728$503$344$81
31 years$1,382$978$678$462$311$69
32 years$1,324$925$633$425$281$59
33 years$1,270$876$591$391$254$50
34 years$1,219$831$552$359$230$43
35 years$1,171$788$516$331$209$37
36 years$1,126$748$483$305$189$31
37 years$1,084$710$452$281$171$27
38 years$1,043$675$423$259$155$23
39 years$1,005$642$397$239$141$19
40 years$969$611$372$220$128$17
41 years$935$581$348$203$116$14
42 years$903$554$327$187$105$12
43 years$872$527$307$173$95$10
44 years$842$503$288$160$87$9
45 years$814$479$270$148$79$7
46 years$788$457$254$136$71$6
47 years$762$436$239$126$65$5
48 years$738$417$224$116$59$5
49 years$715$398$211$108$53$4
50 years$692$380$198$99$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $709,000, adding $6,680 every year, while hoping to spend $48,166 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: 57/22/21 Blend
52$709,000$709,000$709,000$709,000
53$788,208$750,631$739,642$828,341
54$817,357$736,164$713,172$841,983
55$847,865$719,374$684,200$851,106
56$879,820$700,095$652,593$859,995
57$913,316$678,154$618,210$868,640
58$948,457$653,367$580,903$877,031
59$985,355$625,537$540,518$885,159
60$1,024,132$594,459$496,896$893,020
61$1,064,919$559,913$449,868$900,608
62$1,107,861$521,669$399,258$907,924
63$1,153,114$479,482$344,885$914,970
64$1,200,848$433,093$286,555$921,751
65$1,251,250$382,231$224,071$928,278
66$1,304,523$326,605$157,222$934,567
67$1,360,887$265,912$85,792$940,640
68$1,420,585$199,828$9,553$946,525
69$1,483,879$128,015$0$952,257
70$1,551,059$50,112$0$973,972
71$1,622,440$0$0$998,963
72$1,698,367$0$0$1,033,507
73$1,779,217$0$0$1,083,243
74$1,865,403$0$0$1,136,298
75$1,957,379$0$0$1,192,956
76$2,055,640$0$0$1,253,526
77$2,160,730$0$0$1,318,350
78$2,273,244$0$0$1,387,799
79$2,393,837$0$0$1,462,285
80$2,523,225$0$0$1,542,255
81$2,662,195$0$0$1,628,203
82$2,811,610$0$0$1,720,670
83$2,972,418$0$0$1,820,250
84$3,145,661$0$0$1,927,595
85$3,332,481$0$0$2,043,422
86$3,534,135$0$0$2,168,518
87$3,752,002$0$0$2,303,750
88$3,987,600$0$0$2,450,068
89$4,242,594$0$0$2,608,517
90$4,518,818$0$0$2,780,247
91$4,818,287$0$0$2,966,521
92$5,143,215$0$0$3,168,731
93$5,496,041$0$0$3,388,404
94$5,879,443$0$0$3,627,222
95$6,296,371$0$0$3,887,036
96$6,750,068$0$0$4,169,880
97$7,244,103$0$0$4,477,995
98$7,782,404$0$0$4,813,845
99$8,369,293$0$0$5,180,144
100$9,009,527$0$0$5,579,877