Can I retire at age 53 with 716,000?

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 $716,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$59,127$58,600$58,086$57,585$57,095$56,616
2 years$29,271$28,725$28,197$27,685$27,188$26,706
3 years$19,320$18,772$18,245$17,738$17,249$16,778
4 years$14,346$13,800$13,278$12,779$12,302$11,846
5 years$11,362$10,819$10,304$9,816$9,352$8,912
6 years$9,373$8,835$8,327$7,850$7,400$6,977
7 years$7,953$7,419$6,920$6,454$6,018$5,612
8 years$6,889$6,360$5,869$5,414$4,993$4,603
9 years$6,061$5,537$5,055$4,611$4,204$3,832
10 years$5,400$4,881$4,407$3,975$3,582$3,226
11 years$4,859$4,345$3,880$3,459$3,081$2,741
12 years$4,408$3,900$3,443$3,034$2,670$2,346
13 years$4,028$3,524$3,076$2,679$2,328$2,020
14 years$3,701$3,204$2,764$2,378$2,041$1,748
15 years$3,419$2,927$2,496$2,121$1,797$1,519
16 years$3,172$2,685$2,263$1,899$1,588$1,324
17 years$2,955$2,473$2,059$1,706$1,408$1,158
18 years$2,761$2,285$1,879$1,538$1,252$1,016
19 years$2,589$2,118$1,721$1,389$1,116$892
20 years$2,433$1,968$1,579$1,258$997$786
21 years$2,293$1,833$1,452$1,142$892$693
22 years$2,166$1,711$1,339$1,038$800$612
23 years$2,050$1,600$1,236$946$718$541
24 years$1,944$1,499$1,143$862$645$479
25 years$1,846$1,407$1,059$788$581$425
26 years$1,756$1,322$982$720$523$377
27 years$1,673$1,245$912$659$471$334
28 years$1,596$1,173$848$604$425$297
29 years$1,524$1,106$789$554$384$264
30 years$1,457$1,045$735$508$347$235
31 years$1,395$988$685$467$314$209
32 years$1,337$935$639$429$284$186
33 years$1,282$885$597$395$257$165
34 years$1,231$839$558$363$233$147
35 years$1,183$796$521$334$211$131
36 years$1,137$755$488$308$191$117
37 years$1,094$717$456$284$173$104
38 years$1,054$682$427$261$157$93
39 years$1,015$648$400$241$142$83
40 years$979$617$375$222$129$74
41 years$944$587$352$205$117$66
42 years$912$559$330$189$106$59
43 years$880$533$310$175$96$52
44 years$851$508$291$161$87$47
45 years$822$484$273$149$79$42
46 years$795$462$256$138$72$37
47 years$770$441$241$127$65$33
48 years$745$421$226$117$59$30
49 years$722$402$213$109$54$26
50 years$699$384$200$100$49$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $716,000, adding $3,918 every year, while hoping to spend $41,895 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: 81/7/12 Blend
52$716,000$716,000$716,000$716,000
53$793,073$755,125$744,027$855,272
54$829,391$747,551$724,376$889,076
55$868,009$738,200$702,663$920,294
56$909,117$726,944$678,774$953,329
57$952,925$713,642$652,590$988,343
58$999,659$698,147$623,988$1,025,513
59$1,049,572$680,303$592,839$1,065,035
60$1,102,935$659,945$559,006$1,107,126
61$1,160,050$636,898$522,349$1,152,022
62$1,221,247$610,977$482,719$1,199,986
63$1,286,886$581,987$439,961$1,251,307
64$1,357,363$549,719$393,916$1,306,304
65$1,433,115$513,956$344,413$1,365,329
66$1,514,619$474,466$291,276$1,428,768
67$1,602,398$431,003$234,322$1,497,051
68$1,697,030$383,310$173,359$1,570,647
69$1,799,147$331,111$108,186$1,650,078
70$1,909,443$274,119$38,594$1,735,917
71$2,028,684$212,029$0$1,828,796
72$2,157,708$144,516$0$1,933,980
73$2,297,438$71,242$0$2,053,243
74$2,448,890$0$0$2,182,516
75$2,613,179$0$0$2,323,395
76$2,791,533$0$0$2,482,308
77$2,985,300$0$0$2,654,970
78$3,195,966$0$0$2,842,708
79$3,425,165$0$0$3,046,977
80$3,674,692$0$0$3,269,383
81$3,946,527$0$0$3,511,690
82$4,242,845$0$0$3,775,841
83$4,566,041$0$0$4,063,973
84$4,918,751$0$0$4,378,439
85$5,303,877$0$0$4,721,828
86$5,724,614$0$0$5,096,992
87$6,184,478$0$0$5,507,069
88$6,687,341$0$0$5,955,514
89$7,237,465$0$0$6,446,133
90$7,839,544$0$0$6,983,115
91$8,498,747$0$0$7,571,072
92$9,220,765$0$0$8,215,084
93$10,011,865$0$0$8,920,747
94$10,878,952$0$0$9,694,220
95$11,829,626$0$0$10,542,290
96$12,872,261$0$0$11,472,429
97$14,016,080$0$0$12,492,869
98$15,271,239$0$0$13,612,678
99$16,648,929$0$0$14,841,841
100$18,161,474$0$0$16,191,360