Can I retire at age 53 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$58,714$58,191$57,680$57,182$56,696$55,303
2 years$29,066$28,525$28,000$27,492$26,998$25,603
3 years$19,185$18,641$18,118$17,614$17,129$15,776
4 years$14,245$13,703$13,185$12,690$12,216$10,915
5 years$11,282$10,744$10,232$9,747$9,287$8,042
6 years$9,308$8,773$8,269$7,795$7,348$6,160
7 years$7,898$7,368$6,872$6,409$5,976$4,845
8 years$6,841$6,315$5,828$5,376$4,958$3,884
9 years$6,019$5,499$5,019$4,579$4,175$3,157
10 years$5,362$4,847$4,376$3,947$3,557$2,594
11 years$4,825$4,315$3,853$3,435$3,060$2,149
12 years$4,378$3,873$3,419$3,013$2,651$1,793
13 years$3,999$3,500$3,055$2,660$2,312$1,503
14 years$3,676$3,181$2,745$2,361$2,027$1,266
15 years$3,395$2,906$2,478$2,106$1,784$1,071
16 years$3,150$2,666$2,247$1,886$1,577$908
17 years$2,934$2,456$2,044$1,694$1,398$772
18 years$2,742$2,269$1,866$1,527$1,243$657
19 years$2,571$2,103$1,709$1,380$1,108$561
20 years$2,416$1,954$1,568$1,250$990$479
21 years$2,277$1,820$1,442$1,134$886$410
22 years$2,151$1,699$1,329$1,031$794$351
23 years$2,035$1,589$1,227$939$713$301
24 years$1,930$1,489$1,135$856$641$258
25 years$1,833$1,397$1,051$782$576$222
26 years$1,744$1,313$975$715$519$191
27 years$1,661$1,236$905$655$468$164
28 years$1,585$1,165$842$600$422$141
29 years$1,514$1,099$783$550$381$121
30 years$1,447$1,038$730$505$345$104
31 years$1,385$981$680$464$312$90
32 years$1,328$928$635$426$282$77
33 years$1,273$879$593$392$255$67
34 years$1,222$833$554$360$231$57
35 years$1,174$790$518$332$209$49
36 years$1,129$750$484$306$190$43
37 years$1,087$712$453$282$172$37
38 years$1,046$677$424$260$156$32
39 years$1,008$644$398$239$141$27
40 years$972$612$373$221$128$23
41 years$938$583$349$204$116$20
42 years$905$555$328$188$105$17
43 years$874$529$308$173$96$15
44 years$845$504$289$160$87$13
45 years$817$481$271$148$79$11
46 years$790$459$255$137$72$10
47 years$764$438$239$126$65$8
48 years$740$418$225$117$59$7
49 years$717$399$211$108$54$6
50 years$694$381$199$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $711,000, adding $6,387 every year, while hoping to spend $50,131 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: 41/38/21 Blend
52$711,000$711,000$711,000$711,000
53$790,110$752,427$741,407$817,387
54$817,362$735,957$712,905$820,992
55$845,714$717,000$681,768$819,601
56$875,225$695,381$647,855$817,073
57$905,958$670,914$611,018$813,332
58$937,981$643,405$571,103$808,297
59$971,369$612,646$527,949$801,883
60$1,006,201$578,417$481,387$794,004
61$1,042,562$540,488$431,242$784,566
62$1,080,544$498,612$377,329$773,474
63$1,120,246$452,532$319,457$760,629
64$1,161,777$401,972$257,425$745,926
65$1,205,254$346,643$191,023$729,258
66$1,250,801$286,240$120,034$710,511
67$1,298,557$220,440$44,229$689,571
68$1,348,669$148,901$0$666,316
69$1,401,299$71,263$0$648,839
70$1,456,621$0$0$639,903
71$1,514,827$0$0$634,891
72$1,576,124$0$0$661,025
73$1,640,736$0$0$688,608
74$1,708,910$0$0$717,750
75$1,780,913$0$0$748,570
76$1,857,038$0$0$781,199
77$1,937,604$0$0$815,778
78$2,022,958$0$0$852,463
79$2,113,482$0$0$891,424
80$2,209,591$0$0$932,849
81$2,311,740$0$0$976,939
82$2,420,427$0$0$1,023,917
83$2,536,195$0$0$1,074,029
84$2,659,642$0$0$1,127,541
85$2,791,420$0$0$1,184,745
86$2,932,245$0$0$1,245,964
87$3,082,901$0$0$1,311,548
88$3,244,249$0$0$1,381,885
89$3,417,231$0$0$1,457,398
90$3,602,882$0$0$1,538,552
91$3,802,339$0$0$1,625,858
92$4,016,846$0$0$1,719,875
93$4,247,774$0$0$1,821,220
94$4,496,624$0$0$1,930,568
95$4,765,048$0$0$2,048,663
96$5,054,859$0$0$2,176,320
97$5,368,049$0$0$2,314,437
98$5,706,809$0$0$2,464,001
99$6,073,546$0$0$2,626,095
100$6,470,906$0$0$2,801,911