Can I retire at age 53 with 719,000?

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 $719,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$59,374$58,845$58,329$57,826$57,334$55,655
2 years$29,393$28,846$28,315$27,801$27,302$25,624
3 years$19,401$18,851$18,322$17,812$17,321$15,697
4 years$14,406$13,858$13,334$12,833$12,354$10,795
5 years$11,409$10,864$10,347$9,857$9,391$7,903
6 years$9,412$8,872$8,362$7,883$7,431$6,015
7 years$7,987$7,450$6,949$6,481$6,043$4,699
8 years$6,918$6,386$5,893$5,436$5,014$3,740
9 years$6,087$5,560$5,076$4,631$4,222$3,018
10 years$5,422$4,901$4,425$3,992$3,597$2,461
11 years$4,879$4,363$3,896$3,474$3,094$2,024
12 years$4,427$3,916$3,458$3,047$2,681$1,675
13 years$4,044$3,539$3,089$2,690$2,338$1,393
14 years$3,717$3,217$2,776$2,388$2,049$1,164
15 years$3,433$2,939$2,506$2,130$1,805$976
16 years$3,185$2,696$2,272$1,907$1,595$820
17 years$2,967$2,483$2,067$1,713$1,414$691
18 years$2,773$2,295$1,887$1,544$1,257$583
19 years$2,600$2,127$1,728$1,395$1,121$493
20 years$2,444$1,976$1,586$1,264$1,001$418
21 years$2,303$1,841$1,459$1,147$896$354
22 years$2,175$1,718$1,344$1,043$803$301
23 years$2,058$1,607$1,241$950$721$255
24 years$1,952$1,506$1,148$866$648$217
25 years$1,854$1,413$1,063$791$583$185
26 years$1,763$1,328$986$723$525$157
27 years$1,680$1,250$916$662$473$134
28 years$1,602$1,178$851$607$427$114
29 years$1,531$1,111$792$556$386$97
30 years$1,464$1,049$738$510$349$83
31 years$1,401$992$688$469$315$70
32 years$1,342$939$642$431$285$60
33 years$1,288$889$599$396$258$51
34 years$1,236$842$560$365$234$44
35 years$1,188$799$523$336$212$37
36 years$1,142$758$490$309$192$32
37 years$1,099$720$458$285$174$27
38 years$1,058$684$429$262$157$23
39 years$1,020$651$402$242$143$20
40 years$983$619$377$223$130$17
41 years$948$589$353$206$118$14
42 years$915$561$332$190$107$12
43 years$884$535$311$175$97$10
44 years$854$510$292$162$88$9
45 years$826$486$274$150$80$8
46 years$799$464$258$138$72$6
47 years$773$443$242$128$66$6
48 years$748$423$227$118$60$5
49 years$725$404$214$109$54$4
50 years$702$385$201$101$49$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $719,000, adding $3,888 every year, while hoping to spend $49,089 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: 52/21/27 Blend
52$719,000$719,000$719,000$719,000
53$796,348$758,241$747,097$831,556
54$825,346$743,165$719,894$841,331
55$855,655$725,705$690,135$846,668
56$887,360$705,691$657,682$851,494
57$920,547$682,947$622,391$855,781
58$955,314$657,283$584,113$859,499
59$991,765$628,498$542,689$862,622
60$1,030,012$596,382$497,956$865,121
61$1,070,179$560,710$449,743$866,969
62$1,112,398$521,246$397,871$868,143
63$1,156,816$477,740$342,153$868,616
64$1,203,589$429,927$282,393$868,368
65$1,252,889$377,528$218,387$867,378
66$1,304,904$320,247$149,924$865,630
67$1,359,838$257,772$76,779$863,108
68$1,417,912$189,774$0$859,805
69$1,479,370$115,904$0$856,082
70$1,544,477$35,795$0$875,202
71$1,613,523$0$0$895,103
72$1,686,823$0$0$927,645
73$1,764,726$0$0$971,058
74$1,847,608$0$0$1,017,287
75$1,935,885$0$0$1,066,567
76$2,030,011$0$0$1,119,158
77$2,130,482$0$0$1,175,342
78$2,237,844$0$0$1,235,431
79$2,352,694$0$0$1,299,766
80$2,475,685$0$0$1,368,720
81$2,607,537$0$0$1,442,703
82$2,749,037$0$0$1,522,165
83$2,901,049$0$0$1,607,600
84$3,064,522$0$0$1,699,550
85$3,240,498$0$0$1,798,610
86$3,430,120$0$0$1,905,433
87$3,634,645$0$0$2,020,739
88$3,855,452$0$0$2,145,316
89$4,094,060$0$0$2,280,031
90$4,352,134$0$0$2,425,838
91$4,631,507$0$0$2,583,785
92$4,934,193$0$0$2,755,023
93$5,262,406$0$0$2,940,819
94$5,618,582$0$0$3,142,568
95$6,005,400$0$0$3,361,801
96$6,425,805$0$0$3,600,205
97$6,883,039$0$0$3,859,634
98$7,380,667$0$0$4,142,129
99$7,922,614$0$0$4,449,937
100$8,513,197$0$0$4,785,528