Can I retire at age 53 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$59,044$58,518$58,005$57,504$57,015$55,014
2 years$29,230$28,685$28,158$27,646$27,150$25,155
3 years$19,293$18,746$18,220$17,713$17,225$15,299
4 years$14,325$13,780$13,259$12,761$12,285$10,442
5 years$11,346$10,804$10,290$9,802$9,339$7,584
6 years$9,360$8,822$8,316$7,839$7,390$5,725
7 years$7,942$7,409$6,910$6,445$6,010$4,434
8 years$6,879$6,351$5,861$5,406$4,986$3,498
9 years$6,053$5,530$5,048$4,605$4,199$2,797
10 years$5,392$4,874$4,401$3,969$3,577$2,260
11 years$4,852$4,339$3,874$3,455$3,077$1,840
12 years$4,402$3,895$3,438$3,030$2,666$1,508
13 years$4,022$3,519$3,072$2,675$2,325$1,241
14 years$3,696$3,199$2,760$2,375$2,038$1,026
15 years$3,414$2,922$2,492$2,118$1,794$851
16 years$3,168$2,681$2,259$1,896$1,586$708
17 years$2,950$2,469$2,056$1,704$1,406$590
18 years$2,757$2,282$1,877$1,535$1,250$493
19 years$2,585$2,115$1,718$1,387$1,114$412
20 years$2,430$1,965$1,577$1,257$995$345
21 years$2,290$1,830$1,450$1,140$891$289
22 years$2,163$1,709$1,337$1,037$799$242
23 years$2,047$1,598$1,234$944$717$203
24 years$1,941$1,497$1,141$861$644$171
25 years$1,843$1,405$1,057$787$580$144
26 years$1,754$1,321$981$719$522$121
27 years$1,671$1,243$911$658$471$101
28 years$1,594$1,171$846$603$425$85
29 years$1,522$1,105$788$553$384$72
30 years$1,455$1,043$734$508$347$60
31 years$1,393$986$684$466$313$51
32 years$1,335$933$638$428$283$43
33 years$1,280$884$596$394$257$36
34 years$1,229$838$557$363$232$30
35 years$1,181$795$521$334$210$26
36 years$1,136$754$487$307$191$22
37 years$1,093$716$456$283$173$18
38 years$1,052$681$427$261$157$15
39 years$1,014$647$400$241$142$13
40 years$978$616$375$222$129$11
41 years$943$586$351$205$117$9
42 years$910$558$330$189$106$8
43 years$879$532$309$174$96$6
44 years$850$507$290$161$87$5
45 years$821$484$273$149$79$5
46 years$794$461$256$137$72$4
47 years$769$440$241$127$65$3
48 years$744$420$226$117$59$3
49 years$721$401$213$108$54$2
50 years$698$383$200$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $715,000, adding $3,904 every year, while hoping to spend $42,184 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: 28/48/24 Blend
52$715,000$715,000$715,000$715,000
53$791,957$754,062$742,979$808,098
54$827,853$746,128$722,986$813,160
55$865,997$736,391$700,909$814,636
56$906,573$724,718$676,633$815,345
57$949,783$710,969$650,041$815,250
58$995,850$694,995$621,005$814,312
59$1,045,014$676,638$589,397$812,495
60$1,097,542$655,730$555,078$809,763
61$1,153,726$632,094$517,907$806,080
62$1,213,883$605,544$477,735$801,415
63$1,278,364$575,881$434,404$795,736
64$1,347,553$542,895$387,753$789,017
65$1,421,872$506,366$337,611$781,234
66$1,501,783$466,057$283,800$772,368
67$1,587,793$421,722$226,136$762,404
68$1,680,460$373,099$164,424$751,335
69$1,780,397$319,911$98,462$739,160
70$1,888,276$261,865$28,039$725,887
71$2,004,836$198,652$0$711,535
72$2,130,890$129,947$0$708,198
73$2,267,331$55,405$0$712,301
74$2,415,141$0$0$716,774
75$2,575,397$0$0$735,140
76$2,749,289$0$0$786,921
77$2,938,120$0$0$843,253
78$3,143,326$0$0$904,576
79$3,366,488$0$0$971,377
80$3,609,342$0$0$1,044,189
81$3,873,800$0$0$1,123,601
82$4,161,967$0$0$1,210,259
83$4,476,157$0$0$1,304,876
84$4,818,920$0$0$1,408,236
85$5,193,059$0$0$1,521,202
86$5,601,663$0$0$1,644,724
87$6,048,130$0$0$1,779,849
88$6,536,203$0$0$1,927,728
89$7,070,000$0$0$2,089,630
90$7,654,059$0$0$2,266,953
91$8,293,373$0$0$2,461,234
92$8,993,444$0$0$2,674,168
93$9,760,327$0$0$2,907,621
94$10,600,694$0$0$3,163,648
95$11,521,889$0$0$3,444,511
96$12,532,004$0$0$3,752,706
97$13,639,949$0$0$4,090,977
98$14,855,540$0$0$4,462,350
99$16,189,587$0$0$4,870,157
100$17,653,998$0$0$5,318,069