Can I retire at age 53 with 713,000?

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 $713,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$58,879$58,354$57,843$57,343$56,856$55,914
2 years$29,148$28,605$28,079$27,569$27,074$26,128
3 years$19,239$18,694$18,169$17,664$17,177$16,256
4 years$14,285$13,742$13,222$12,726$12,251$11,362
5 years$11,314$10,774$10,261$9,775$9,313$8,459
6 years$9,334$8,798$8,292$7,817$7,369$6,551
7 years$7,920$7,388$6,891$6,427$5,993$5,211
8 years$6,860$6,333$5,844$5,391$4,972$4,225
9 years$6,036$5,514$5,034$4,592$4,187$3,476
10 years$5,377$4,860$4,388$3,958$3,567$2,891
11 years$4,839$4,327$3,863$3,445$3,068$2,426
12 years$4,390$3,884$3,429$3,022$2,659$2,050
13 years$4,011$3,510$3,063$2,668$2,318$1,742
14 years$3,686$3,190$2,752$2,368$2,032$1,488
15 years$3,405$2,914$2,485$2,112$1,789$1,275
16 years$3,159$2,674$2,253$1,891$1,582$1,097
17 years$2,942$2,462$2,050$1,699$1,402$946
18 years$2,750$2,275$1,872$1,531$1,247$818
19 years$2,578$2,109$1,713$1,384$1,111$708
20 years$2,423$1,960$1,572$1,253$993$614
21 years$2,284$1,825$1,446$1,137$888$534
22 years$2,157$1,704$1,333$1,034$796$464
23 years$2,041$1,594$1,231$942$715$404
24 years$1,935$1,493$1,138$859$642$352
25 years$1,838$1,401$1,054$784$578$307
26 years$1,749$1,317$978$717$521$268
27 years$1,666$1,239$908$656$469$234
28 years$1,589$1,168$844$601$424$205
29 years$1,518$1,102$785$552$383$179
30 years$1,451$1,040$732$506$346$157
31 years$1,389$984$682$465$312$137
32 years$1,331$931$636$427$283$120
33 years$1,277$881$594$393$256$105
34 years$1,226$835$555$361$232$92
35 years$1,178$792$519$333$210$81
36 years$1,132$752$486$306$190$71
37 years$1,090$714$454$282$172$62
38 years$1,049$679$426$260$156$54
39 years$1,011$645$399$240$142$48
40 years$975$614$374$221$128$42
41 years$940$585$350$204$117$37
42 years$908$557$329$188$106$32
43 years$877$530$308$174$96$28
44 years$847$506$290$161$87$25
45 years$819$482$272$148$79$22
46 years$792$460$255$137$72$19
47 years$766$439$240$127$65$17
48 years$742$419$225$117$59$15
49 years$719$400$212$108$54$13
50 years$696$382$199$100$49$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $713,000, adding $3,078 every year, while hoping to spend $32,807 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: 34/50/16 Blend
52$713,000$713,000$713,000$713,000
53$788,901$751,112$740,060$811,715
54$834,462$753,010$729,946$830,567
55$883,572$753,902$718,393$847,595
56$936,556$753,703$705,319$865,254
57$993,775$752,324$690,638$883,618
58$1,055,623$749,671$674,257$902,769
59$1,122,535$745,643$656,083$922,802
60$1,194,988$740,134$636,016$943,824
61$1,273,506$733,031$613,953$965,954
62$1,358,668$724,213$589,784$989,329
63$1,451,107$713,554$563,396$1,014,101
64$1,551,520$700,920$534,671$1,040,441
65$1,660,677$686,166$503,484$1,068,542
66$1,779,421$669,144$469,706$1,098,619
67$1,908,682$649,691$433,201$1,130,914
68$2,049,482$627,640$393,828$1,165,698
69$2,202,946$602,812$351,438$1,203,276
70$2,370,312$575,015$305,877$1,243,984
71$2,552,944$544,051$256,984$1,288,204
72$2,752,341$509,706$204,590$1,336,356
73$2,970,156$471,758$148,519$1,388,915
74$3,208,205$429,967$88,587$1,446,406
75$3,468,490$384,084$24,604$1,509,416
76$3,753,216$333,844$0$1,578,598
77$4,064,809$278,967$0$1,662,138
78$4,405,939$219,156$0$1,758,357
79$4,779,551$154,101$0$1,863,987
80$5,188,884$83,470$0$1,980,069
81$5,637,505$6,916$0$2,107,757
82$6,129,346$0$0$2,248,331
83$6,668,735$0$0$2,444,986
84$7,260,438$0$0$2,664,995
85$7,909,706$0$0$2,906,520
86$8,622,325$0$0$3,171,725
87$9,404,664$0$0$3,462,997
88$10,263,741$0$0$3,782,963
89$11,207,289$0$0$4,134,518
90$12,243,822$0$0$4,520,850
91$13,382,724$0$0$4,945,474
92$14,634,330$0$0$5,412,259
93$16,010,027$0$0$5,925,471
94$17,522,358$0$0$6,489,807
95$19,185,146$0$0$7,110,443
96$21,013,617$0$0$7,793,082
97$23,024,547$0$0$8,544,008
98$25,236,419$0$0$9,370,143
99$27,669,598$0$0$10,279,115
100$30,346,523$0$0$11,279,329