Can I retire at age 53 with 718,000?

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 $718,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$59,292$58,764$58,248$57,745$57,254$55,070
2 years$29,352$28,806$28,276$27,762$27,264$25,089
3 years$19,374$18,825$18,296$17,788$17,297$15,200
4 years$14,386$13,838$13,315$12,815$12,337$10,333
5 years$11,393$10,849$10,333$9,843$9,378$7,473
6 years$9,399$8,859$8,351$7,872$7,421$5,616
7 years$7,975$7,440$6,939$6,472$6,035$4,330
8 years$6,908$6,377$5,885$5,429$5,007$3,400
9 years$6,078$5,553$5,069$4,624$4,216$2,705
10 years$5,415$4,894$4,419$3,986$3,592$2,174
11 years$4,872$4,357$3,891$3,469$3,090$1,761
12 years$4,421$3,911$3,453$3,043$2,677$1,436
13 years$4,039$3,534$3,085$2,686$2,335$1,176
14 years$3,712$3,213$2,772$2,385$2,047$967
15 years$3,429$2,935$2,503$2,127$1,802$797
16 years$3,181$2,693$2,269$1,904$1,593$659
17 years$2,963$2,480$2,065$1,711$1,412$546
18 years$2,769$2,291$1,885$1,542$1,256$453
19 years$2,596$2,124$1,725$1,393$1,119$377
20 years$2,440$1,973$1,583$1,262$1,000$313
21 years$2,300$1,838$1,456$1,145$895$261
22 years$2,172$1,716$1,342$1,041$802$218
23 years$2,056$1,605$1,239$948$720$181
24 years$1,949$1,504$1,146$865$647$151
25 years$1,851$1,411$1,062$790$582$126
26 years$1,761$1,326$985$722$524$106
27 years$1,678$1,248$914$661$473$88
28 years$1,600$1,176$850$606$427$74
29 years$1,528$1,109$791$555$385$62
30 years$1,462$1,048$737$510$348$52
31 years$1,399$990$687$468$315$43
32 years$1,341$937$641$430$285$36
33 years$1,286$888$598$396$258$30
34 years$1,234$841$559$364$233$25
35 years$1,186$798$523$335$211$21
36 years$1,140$757$489$309$191$18
37 years$1,097$719$458$284$173$15
38 years$1,057$684$429$262$157$12
39 years$1,018$650$402$242$143$10
40 years$982$618$376$223$129$9
41 years$947$589$353$206$117$7
42 years$914$561$331$190$106$6
43 years$883$534$311$175$97$5
44 years$853$509$292$162$88$4
45 years$825$486$274$149$80$4
46 years$798$463$257$138$72$3
47 years$772$442$242$128$66$2
48 years$747$422$227$118$60$2
49 years$724$403$213$109$54$2
50 years$701$385$201$101$49$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $718,000, adding $4,652 every year, while hoping to spend $26,036 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: 53/40/7 Blend
52$718,000$718,000$718,000$718,000
53$796,035$757,981$746,852$836,647
54$849,528$767,419$744,169$874,127
55$907,605$776,448$740,524$911,639
56$970,706$785,019$735,857$951,820
57$1,039,315$793,082$730,105$994,930
58$1,113,964$800,582$723,202$1,041,250
59$1,195,239$807,462$715,080$1,091,094
60$1,283,786$813,660$705,668$1,144,807
61$1,380,313$819,110$694,889$1,202,772
62$1,485,602$823,743$682,664$1,265,409
63$1,600,512$827,485$668,912$1,333,184
64$1,725,989$830,257$653,546$1,406,609
65$1,863,075$831,975$636,475$1,486,251
66$2,012,916$832,549$617,604$1,572,737
67$2,176,775$831,885$596,835$1,666,756
68$2,356,042$829,884$574,065$1,769,070
69$2,552,247$826,436$549,185$1,880,521
70$2,767,075$821,431$522,082$2,002,038
71$3,002,382$814,747$492,637$2,134,646
72$3,260,213$806,257$460,728$2,279,476
73$3,542,817$795,826$426,224$2,437,777
74$3,852,673$783,310$388,992$2,610,926
75$4,192,513$768,559$348,890$2,800,445
76$4,565,342$751,412$305,771$3,008,013
77$4,974,474$731,697$259,481$3,235,480
78$5,423,556$709,236$209,859$3,484,892
79$5,916,607$683,838$156,739$3,758,503
80$6,458,055$655,300$99,943$4,058,802
81$7,052,777$623,409$39,291$4,388,534
82$7,706,144$587,940$0$4,750,729
83$8,424,075$548,653$0$5,150,629
84$9,213,089$505,297$0$5,593,277
85$10,080,371$457,603$0$6,079,817
86$11,033,833$405,290$0$6,614,754
87$12,082,194$348,059$0$7,203,054
88$13,235,060$285,596$0$7,850,196
89$14,503,013$217,567$0$8,562,221
90$15,897,713$143,621$0$9,345,791
91$17,432,008$63,386$0$10,208,255
92$19,120,052$0$0$11,157,715
93$20,977,441$0$0$12,213,461
94$23,021,358$0$0$13,406,015
95$25,270,738$0$0$14,718,533
96$27,746,443$0$0$16,163,199
97$30,471,459$0$0$17,753,436
98$33,471,115$0$0$19,504,038
99$36,773,321$0$0$21,431,304
100$40,408,829$0$0$23,553,193