Can I retire at age 53 with 714,000?

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 $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%16%
1 years$58,961$58,436$57,924$57,424$56,935$55,536
2 years$29,189$28,645$28,118$27,608$27,112$25,711
3 years$19,266$18,720$18,194$17,688$17,201$15,842
4 years$14,305$13,761$13,241$12,744$12,268$10,962
5 years$11,330$10,789$10,275$9,788$9,326$8,076
6 years$9,347$8,810$8,304$7,828$7,379$6,186
7 years$7,931$7,399$6,901$6,436$6,001$4,866
8 years$6,870$6,342$5,852$5,399$4,979$3,900
9 years$6,044$5,522$5,041$4,598$4,193$3,170
10 years$5,385$4,867$4,395$3,964$3,572$2,605
11 years$4,845$4,333$3,869$3,450$3,072$2,158
12 years$4,396$3,889$3,434$3,026$2,662$1,800
13 years$4,016$3,515$3,068$2,671$2,322$1,510
14 years$3,691$3,195$2,756$2,371$2,035$1,272
15 years$3,409$2,918$2,489$2,115$1,792$1,075
16 years$3,163$2,678$2,256$1,894$1,584$912
17 years$2,946$2,466$2,053$1,701$1,404$775
18 years$2,754$2,279$1,874$1,533$1,249$660
19 years$2,581$2,112$1,716$1,385$1,113$563
20 years$2,427$1,962$1,575$1,255$994$481
21 years$2,287$1,828$1,448$1,139$890$412
22 years$2,160$1,706$1,335$1,035$797$353
23 years$2,044$1,596$1,233$943$716$302
24 years$1,938$1,495$1,140$860$643$260
25 years$1,841$1,403$1,056$785$579$223
26 years$1,751$1,319$979$718$521$191
27 years$1,668$1,241$909$657$470$165
28 years$1,591$1,169$845$602$424$141
29 years$1,520$1,103$787$552$383$122
30 years$1,453$1,042$733$507$346$105
31 years$1,391$985$683$466$313$90
32 years$1,333$932$637$428$283$78
33 years$1,279$883$595$393$256$67
34 years$1,227$837$556$362$232$58
35 years$1,179$793$520$333$210$50
36 years$1,134$753$486$307$190$43
37 years$1,091$715$455$283$173$37
38 years$1,051$680$426$261$156$32
39 years$1,012$646$399$240$142$27
40 years$976$615$374$222$129$24
41 years$942$585$351$205$117$20
42 years$909$557$329$189$106$17
43 years$878$531$309$174$96$15
44 years$848$506$290$161$87$13
45 years$820$483$272$149$79$11
46 years$793$461$256$137$72$10
47 years$768$440$240$127$65$8
48 years$743$420$226$117$59$7
49 years$720$401$212$108$54$6
50 years$697$383$200$100$49$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $714,000, adding $4,279 every year, while hoping to spend $20,152 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: 40/40/20 Blend
52$714,000$714,000$714,000$714,000
53$791,242$753,400$742,333$818,050
54$850,507$768,875$745,759$853,110
55$915,142$784,433$748,625$888,767
56$985,672$800,056$750,891$926,928
57$1,062,679$815,727$752,513$967,831
58$1,146,798$831,424$753,449$1,011,741
59$1,238,734$847,125$753,651$1,058,947
60$1,339,258$862,808$753,072$1,109,772
61$1,449,221$878,445$751,659$1,164,568
62$1,569,562$894,009$749,360$1,223,726
63$1,701,312$909,470$746,118$1,287,677
64$1,845,608$924,796$741,875$1,356,896
65$2,003,701$939,952$736,569$1,431,908
66$2,176,970$954,901$730,135$1,513,291
67$2,366,931$969,602$722,505$1,601,683
68$2,575,259$984,012$713,609$1,697,790
69$2,803,793$998,086$703,373$1,802,387
70$3,054,561$1,011,775$691,718$1,916,333
71$3,329,799$1,025,024$678,563$2,040,572
72$3,631,967$1,037,779$663,823$2,176,150
73$3,963,776$1,049,978$647,409$2,324,216
74$4,328,212$1,061,557$629,228$2,486,042
75$4,728,564$1,072,448$609,182$2,663,028
76$5,168,456$1,082,577$587,169$2,856,719
77$5,651,882$1,091,866$563,082$3,068,822
78$6,183,238$1,100,232$536,809$3,301,216
79$6,767,371$1,107,587$508,235$3,555,977
80$7,409,619$1,113,834$477,237$3,835,392
81$8,115,864$1,118,876$443,688$4,141,987
82$8,892,585$1,122,604$407,455$4,478,545
83$9,746,922$1,124,905$368,398$4,848,138
84$10,686,741$1,125,658$326,372$5,254,151
85$11,720,710$1,124,736$281,227$5,700,321
86$12,858,376$1,122,003$232,802$6,190,766
87$14,110,262$1,117,313$180,933$6,730,031
88$15,487,962$1,110,513$125,446$7,323,125
89$17,004,248$1,101,442$66,163$7,975,573
90$18,673,195$1,089,927$2,893$8,693,470
91$20,510,312$1,075,785$0$9,483,533
92$22,532,687$1,058,821$0$10,366,963
93$24,759,149$1,038,832$0$11,339,694
94$27,210,447$1,015,599$0$12,410,161
95$29,909,442$988,893$0$13,588,346
96$32,881,326$958,469$0$14,885,250
97$36,153,857$924,070$0$16,313,001
98$39,757,623$885,422$0$17,884,967
99$43,726,329$842,237$0$19,615,883
100$48,097,117$794,209$0$21,521,993