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%11.6%
1 years$59,209$58,682$58,167$57,665$57,175$56,790
2 years$29,311$28,766$28,237$27,724$27,226$26,839
3 years$19,347$18,799$18,271$17,763$17,273$16,895
4 years$14,366$13,819$13,297$12,797$12,319$11,952
5 years$11,378$10,834$10,319$9,829$9,365$9,011
6 years$9,386$8,847$8,339$7,861$7,410$7,069
7 years$7,964$7,430$6,930$6,463$6,027$5,699
8 years$6,898$6,369$5,877$5,421$5,000$4,685
9 years$6,070$5,545$5,062$4,618$4,210$3,909
10 years$5,407$4,888$4,413$3,981$3,587$3,299
11 years$4,866$4,351$3,885$3,464$3,085$2,810
12 years$4,415$3,905$3,448$3,039$2,674$2,411
13 years$4,033$3,529$3,081$2,683$2,331$2,081
14 years$3,707$3,208$2,768$2,381$2,044$1,806
15 years$3,424$2,931$2,499$2,124$1,800$1,573
16 years$3,177$2,689$2,266$1,902$1,590$1,375
17 years$2,959$2,476$2,062$1,709$1,410$1,206
18 years$2,765$2,288$1,882$1,540$1,254$1,061
19 years$2,592$2,121$1,723$1,391$1,118$935
20 years$2,437$1,971$1,581$1,260$998$826
21 years$2,296$1,836$1,454$1,144$893$730
22 years$2,169$1,713$1,340$1,040$801$647
23 years$2,053$1,603$1,238$947$719$574
24 years$1,946$1,501$1,145$864$646$510
25 years$1,849$1,409$1,060$789$581$453
26 years$1,758$1,324$983$721$524$403
27 years$1,675$1,246$913$660$472$359
28 years$1,598$1,174$849$605$426$320
29 years$1,526$1,108$790$555$385$285
30 years$1,460$1,046$736$509$348$254
31 years$1,397$989$686$468$314$227
32 years$1,339$936$640$430$284$203
33 years$1,284$886$598$395$257$181
34 years$1,233$840$558$364$233$162
35 years$1,184$797$522$335$211$145
36 years$1,139$756$488$308$191$129
37 years$1,096$718$457$284$173$116
38 years$1,055$683$428$262$157$103
39 years$1,017$649$401$241$142$92
40 years$980$618$376$223$129$83
41 years$946$588$352$205$117$74
42 years$913$560$331$190$106$66
43 years$882$533$310$175$97$59
44 years$852$508$291$162$88$53
45 years$824$485$273$149$80$48
46 years$797$463$257$138$72$43
47 years$771$441$241$127$66$38
48 years$746$421$227$118$60$34
49 years$723$402$213$109$54$31
50 years$700$384$200$101$49$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $717,000, adding $4,625 every year, while hoping to spend $40,273 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: 61/27/12 Blend
52$717,000$717,000$717,000$717,000
53$794,905$756,904$745,790$840,842
54$833,135$751,142$727,924$866,478
55$873,915$743,748$708,110$889,447
56$917,462$734,599$686,239$913,527
57$964,014$723,566$662,200$938,829
58$1,013,834$710,511$635,873$965,474
59$1,067,207$695,288$607,137$993,598
60$1,124,448$677,743$575,862$1,023,354
61$1,185,902$657,713$541,914$1,054,910
62$1,251,947$635,024$505,151$1,088,455
63$1,322,999$609,493$465,427$1,124,197
64$1,399,514$580,927$422,587$1,162,370
65$1,481,992$549,121$376,472$1,203,232
66$1,570,985$513,858$326,914$1,247,072
67$1,667,097$474,908$273,737$1,294,209
68$1,770,992$432,030$216,758$1,344,999
69$1,883,401$384,967$155,787$1,399,837
70$2,005,126$333,448$90,624$1,459,161
71$2,137,050$277,188$21,061$1,523,457
72$2,280,144$215,885$0$1,593,267
73$2,435,474$149,219$0$1,675,996
74$2,604,214$76,853$0$1,768,822
75$2,787,657$0$0$1,869,813
76$2,987,221$0$0$1,980,282
77$3,204,471$0$0$2,125,446
78$3,441,125$0$0$2,283,627
79$3,699,077$0$0$2,456,096
80$3,980,409$0$0$2,644,252
81$4,287,414$0$0$2,849,636
82$4,622,615$0$0$3,073,943
83$4,988,790$0$0$3,319,039
84$5,388,996$0$0$3,586,978
85$5,826,602$0$0$3,880,023
86$6,305,312$0$0$4,200,665
87$6,829,210$0$0$4,551,646
88$7,402,789$0$0$4,935,986
89$8,030,999$0$0$5,357,011
90$8,719,289$0$0$5,818,384
91$9,473,663$0$0$6,324,137
92$10,300,730$0$0$6,878,715
93$11,207,772$0$0$7,487,009
94$12,202,808$0$0$8,154,409
95$13,294,671$0$0$8,886,851
96$14,493,090$0$0$9,690,874
97$15,808,781$0$0$10,573,681
98$17,253,552$0$0$11,543,206
99$18,840,405$0$0$12,608,189
100$20,583,668$0$0$13,778,258