Can I retire at age 53 with 714,000?

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 $714,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$58,961$58,436$57,924$57,424$56,935$54,676
2 years$29,189$28,645$28,118$27,608$27,112$24,864
3 years$19,266$18,720$18,194$17,688$17,201$15,035
4 years$14,305$13,761$13,241$12,744$12,268$10,200
5 years$11,330$10,789$10,275$9,788$9,326$7,362
6 years$9,347$8,810$8,304$7,828$7,379$5,520
7 years$7,931$7,399$6,901$6,436$6,001$4,246
8 years$6,870$6,342$5,852$5,399$4,979$3,326
9 years$6,044$5,522$5,041$4,598$4,193$2,640
10 years$5,385$4,867$4,395$3,964$3,572$2,117
11 years$4,845$4,333$3,869$3,450$3,072$1,710
12 years$4,396$3,889$3,434$3,026$2,662$1,390
13 years$4,016$3,515$3,068$2,671$2,322$1,135
14 years$3,691$3,195$2,756$2,371$2,035$931
15 years$3,409$2,918$2,489$2,115$1,792$765
16 years$3,163$2,678$2,256$1,894$1,584$631
17 years$2,946$2,466$2,053$1,701$1,404$521
18 years$2,754$2,279$1,874$1,533$1,249$431
19 years$2,581$2,112$1,716$1,385$1,113$357
20 years$2,427$1,962$1,575$1,255$994$296
21 years$2,287$1,828$1,448$1,139$890$246
22 years$2,160$1,706$1,335$1,035$797$205
23 years$2,044$1,596$1,233$943$716$170
24 years$1,938$1,495$1,140$860$643$141
25 years$1,841$1,403$1,056$785$579$118
26 years$1,751$1,319$979$718$521$98
27 years$1,668$1,241$909$657$470$82
28 years$1,591$1,169$845$602$424$68
29 years$1,520$1,103$787$552$383$57
30 years$1,453$1,042$733$507$346$47
31 years$1,391$985$683$466$313$39
32 years$1,333$932$637$428$283$33
33 years$1,279$883$595$393$256$27
34 years$1,227$837$556$362$232$23
35 years$1,179$793$520$333$210$19
36 years$1,134$753$486$307$190$16
37 years$1,091$715$455$283$173$13
38 years$1,051$680$426$261$156$11
39 years$1,012$646$399$240$142$9
40 years$976$615$374$222$129$8
41 years$942$585$351$205$117$6
42 years$909$557$329$189$106$5
43 years$878$531$309$174$96$4
44 years$848$506$290$161$87$4
45 years$820$483$272$149$79$3
46 years$793$461$256$137$72$3
47 years$768$440$240$127$65$2
48 years$743$420$226$117$59$2
49 years$720$401$212$108$54$1
50 years$697$383$200$100$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $714,000, adding $2,310 every year, while hoping to spend $40,003 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: 53/29/18 Blend
52$714,000$714,000$714,000$714,000
53$789,211$751,369$740,302$827,062
54$827,147$745,623$722,539$847,506
55$867,613$738,255$702,840$865,334
56$910,823$729,143$681,099$883,857
57$957,014$718,158$657,203$903,154
58$1,006,444$705,163$631,034$923,313
59$1,059,399$690,013$602,472$944,432
60$1,116,190$672,556$571,387$966,624
61$1,177,158$652,628$537,645$990,015
62$1,242,680$630,058$501,107$1,014,744
63$1,313,166$604,664$461,627$1,040,970
64$1,389,070$576,253$419,052$1,068,871
65$1,470,887$544,622$373,223$1,098,645
66$1,559,164$509,555$323,972$1,130,514
67$1,654,500$470,824$271,127$1,164,727
68$1,757,554$428,190$214,504$1,201,562
69$1,869,049$381,396$153,915$1,241,330
70$1,989,782$330,174$89,161$1,284,376
71$2,120,628$274,241$20,036$1,331,086
72$2,262,548$213,295$0$1,381,892
73$2,416,602$147,020$0$1,447,593
74$2,583,951$75,080$0$1,523,180
75$2,765,878$0$0$1,605,442
76$2,963,789$0$0$1,696,005
77$3,179,235$0$0$1,820,735
78$3,413,920$0$0$1,956,667
79$3,669,721$0$0$2,104,896
80$3,948,702$0$0$2,266,627
81$4,253,137$0$0$2,443,186
82$4,585,526$0$0$2,636,033
83$4,948,624$0$0$2,846,775
84$5,345,462$0$0$3,077,182
85$5,779,378$0$0$3,329,201
86$6,254,047$0$0$3,604,977
87$6,773,515$0$0$3,906,873
88$7,342,238$0$0$4,237,490
89$7,965,122$0$0$4,599,690
90$8,647,570$0$0$4,996,630
91$9,395,533$0$0$5,431,782
92$10,215,565$0$0$5,908,973
93$11,114,883$0$0$6,432,417
94$12,101,438$0$0$7,006,755
95$13,183,985$0$0$7,637,099
96$14,372,171$0$0$8,329,082
97$15,676,619$0$0$9,088,906
98$17,109,033$0$0$9,923,406
99$18,682,306$0$0$10,840,109
100$20,410,639$0$0$11,847,308