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%15.3%
1 years$58,961$58,436$57,924$57,424$56,935$55,695
2 years$29,189$28,645$28,118$27,608$27,112$25,868
3 years$19,266$18,720$18,194$17,688$17,201$15,993
4 years$14,305$13,761$13,241$12,744$12,268$11,105
5 years$11,330$10,789$10,275$9,788$9,326$8,211
6 years$9,347$8,810$8,304$7,828$7,379$6,314
7 years$7,931$7,399$6,901$6,436$6,001$4,986
8 years$6,870$6,342$5,852$5,399$4,979$4,013
9 years$6,044$5,522$5,041$4,598$4,193$3,276
10 years$5,385$4,867$4,395$3,964$3,572$2,703
11 years$4,845$4,333$3,869$3,450$3,072$2,250
12 years$4,396$3,889$3,434$3,026$2,662$1,885
13 years$4,016$3,515$3,068$2,671$2,322$1,588
14 years$3,691$3,195$2,756$2,371$2,035$1,344
15 years$3,409$2,918$2,489$2,115$1,792$1,142
16 years$3,163$2,678$2,256$1,894$1,584$973
17 years$2,946$2,466$2,053$1,701$1,404$831
18 years$2,754$2,279$1,874$1,533$1,249$712
19 years$2,581$2,112$1,716$1,385$1,113$611
20 years$2,427$1,962$1,575$1,255$994$525
21 years$2,287$1,828$1,448$1,139$890$451
22 years$2,160$1,706$1,335$1,035$797$389
23 years$2,044$1,596$1,233$943$716$335
24 years$1,938$1,495$1,140$860$643$289
25 years$1,841$1,403$1,056$785$579$250
26 years$1,751$1,319$979$718$521$216
27 years$1,668$1,241$909$657$470$186
28 years$1,591$1,169$845$602$424$161
29 years$1,520$1,103$787$552$383$139
30 years$1,453$1,042$733$507$346$121
31 years$1,391$985$683$466$313$104
32 years$1,333$932$637$428$283$90
33 years$1,279$883$595$393$256$78
34 years$1,227$837$556$362$232$68
35 years$1,179$793$520$333$210$59
36 years$1,134$753$486$307$190$51
37 years$1,091$715$455$283$173$44
38 years$1,051$680$426$261$156$38
39 years$1,012$646$399$240$142$33
40 years$976$615$374$222$129$29
41 years$942$585$351$205$117$25
42 years$909$557$329$189$106$22
43 years$878$531$309$174$96$19
44 years$848$506$290$161$87$16
45 years$820$483$272$149$79$14
46 years$793$461$256$137$72$12
47 years$768$440$240$127$65$11
48 years$743$420$226$117$59$9
49 years$720$401$212$108$54$8
50 years$697$383$200$100$49$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $714,000, adding $3,182 every year, while hoping to spend $40,740 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: 42/34/24 Blend
52$714,000$714,000$714,000$714,000
53$790,110$752,268$741,201$817,624
54$827,354$745,782$722,684$831,106
55$867,032$737,613$702,182$841,563
56$909,348$727,635$679,584$852,080
57$954,528$715,716$654,776$862,685
58$1,002,818$701,713$627,639$873,411
59$1,054,487$685,479$598,047$884,300
60$1,109,832$666,855$565,869$895,400
61$1,169,178$645,674$530,968$906,767
62$1,232,880$621,758$493,202$918,469
63$1,301,331$594,921$452,421$930,581
64$1,374,957$564,963$408,468$943,194
65$1,454,232$531,676$361,181$956,410
66$1,539,673$494,836$310,389$970,347
67$1,631,847$454,211$255,915$985,142
68$1,731,380$409,552$197,572$1,000,948
69$1,838,957$360,596$135,167$1,017,942
70$1,955,333$307,067$68,497$1,036,324
71$2,081,336$248,673$0$1,056,320
72$2,217,878$185,104$0$1,078,868
73$2,365,961$116,034$0$1,122,342
74$2,526,688$41,118$0$1,169,569
75$2,701,269$0$0$1,220,979
76$2,891,039$0$0$1,292,022
77$3,097,464$0$0$1,386,113
78$3,322,158$0$0$1,488,613
79$3,566,896$0$0$1,600,344
80$3,833,633$0$0$1,722,208
81$4,124,519$0$0$1,855,199
82$4,441,920$0$0$2,000,410
83$4,788,443$0$0$2,159,047
84$5,166,954$0$0$2,332,434
85$5,580,612$0$0$2,522,031
86$6,032,891$0$0$2,729,446
87$6,527,619$0$0$2,956,447
88$7,069,009$0$0$3,204,983
89$7,661,702$0$0$3,477,200
90$8,310,807$0$0$3,775,460
91$9,021,950$0$0$4,102,365
92$9,801,328$0$0$4,460,782
93$10,655,766$0$0$4,853,866
94$11,592,779$0$0$5,285,095
95$12,620,646$0$0$5,758,297
96$13,748,486$0$0$6,277,691
97$14,986,343$0$0$6,847,922
98$16,345,280$0$0$7,474,109
99$17,837,484$0$0$8,161,890
100$19,476,379$0$0$8,917,475