Can I retire at age 53 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$59,209$58,682$58,167$57,665$57,175$56,648
2 years$29,311$28,766$28,237$27,724$27,226$26,696
3 years$19,347$18,799$18,271$17,763$17,273$16,755
4 years$14,366$13,819$13,297$12,797$12,319$11,818
5 years$11,378$10,834$10,319$9,829$9,365$8,882
6 years$9,386$8,847$8,339$7,861$7,410$6,945
7 years$7,964$7,430$6,930$6,463$6,027$5,580
8 years$6,898$6,369$5,877$5,421$5,000$4,572
9 years$6,070$5,545$5,062$4,618$4,210$3,802
10 years$5,407$4,888$4,413$3,981$3,587$3,197
11 years$4,866$4,351$3,885$3,464$3,085$2,713
12 years$4,415$3,905$3,448$3,039$2,674$2,319
13 years$4,033$3,529$3,081$2,683$2,331$1,994
14 years$3,707$3,208$2,768$2,381$2,044$1,723
15 years$3,424$2,931$2,499$2,124$1,800$1,495
16 years$3,177$2,689$2,266$1,902$1,590$1,302
17 years$2,959$2,476$2,062$1,709$1,410$1,137
18 years$2,765$2,288$1,882$1,540$1,254$996
19 years$2,592$2,121$1,723$1,391$1,118$874
20 years$2,437$1,971$1,581$1,260$998$768
21 years$2,296$1,836$1,454$1,144$893$676
22 years$2,169$1,713$1,340$1,040$801$597
23 years$2,053$1,603$1,238$947$719$527
24 years$1,946$1,501$1,145$864$646$466
25 years$1,849$1,409$1,060$789$581$412
26 years$1,758$1,324$983$721$524$365
27 years$1,675$1,246$913$660$472$323
28 years$1,598$1,174$849$605$426$287
29 years$1,526$1,108$790$555$385$254
30 years$1,460$1,046$736$509$348$226
31 years$1,397$989$686$468$314$201
32 years$1,339$936$640$430$284$178
33 years$1,284$886$598$395$257$158
34 years$1,233$840$558$364$233$141
35 years$1,184$797$522$335$211$125
36 years$1,139$756$488$308$191$111
37 years$1,096$718$457$284$173$99
38 years$1,055$683$428$262$157$88
39 years$1,017$649$401$241$142$78
40 years$980$618$376$223$129$70
41 years$946$588$352$205$117$62
42 years$913$560$331$190$106$55
43 years$882$533$310$175$97$49
44 years$852$508$291$162$88$44
45 years$824$485$273$149$80$39
46 years$797$463$257$138$72$35
47 years$771$441$241$127$66$31
48 years$746$421$227$118$60$28
49 years$723$402$213$109$54$25
50 years$700$384$200$101$49$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $717,000, adding $6,274 every year, while hoping to spend $48,198 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: 53/32/15 Blend
52$717,000$717,000$717,000$717,000
53$796,606$758,605$747,491$835,310
54$826,577$744,494$721,250$848,328
55$857,990$728,076$692,514$856,830
56$890,941$709,188$661,149$864,998
57$925,535$687,656$627,015$872,811
58$961,883$663,295$589,964$880,252
59$1,000,111$635,912$549,844$887,305
60$1,040,352$605,301$506,493$893,953
61$1,082,751$571,244$459,744$900,183
62$1,127,468$533,512$409,422$905,983
63$1,174,676$491,860$355,343$911,345
64$1,224,564$446,032$297,318$916,263
65$1,277,337$395,755$235,146$920,735
66$1,333,221$340,743$168,619$924,765
67$1,392,461$280,691$97,520$928,359
68$1,455,327$215,279$21,621$931,534
69$1,522,111$144,169$0$934,309
70$1,593,134$67,001$0$946,217
71$1,668,749$0$0$962,104
72$1,749,340$0$0$984,442
73$1,835,328$0$0$1,033,490
74$1,927,174$0$0$1,085,923
75$2,025,385$0$0$1,142,034
76$2,130,516$0$0$1,202,148
77$2,243,173$0$0$1,266,618
78$2,364,025$0$0$1,335,831
79$2,493,804$0$0$1,410,215
80$2,633,312$0$0$1,490,238
81$2,783,432$0$0$1,576,412
82$2,945,133$0$0$1,669,302
83$3,119,477$0$0$1,769,528
84$3,307,633$0$0$1,877,771
85$3,510,885$0$0$1,994,779
86$3,730,645$0$0$2,121,374
87$3,968,461$0$0$2,258,461
88$4,226,039$0$0$2,407,032
89$4,505,254$0$0$2,568,182
90$4,808,165$0$0$2,743,111
91$5,137,040$0$0$2,933,141
92$5,494,371$0$0$3,139,727
93$5,882,900$0$0$3,364,468
94$6,305,644$0$0$3,609,124
95$6,765,923$0$0$3,875,631
96$7,267,389$0$0$4,166,121
97$7,814,062$0$0$4,482,939
98$8,410,366$0$0$4,828,666
99$9,061,169$0$0$5,206,145
100$9,771,833$0$0$5,618,502