Can I retire at age 53 with 719,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.9%
1 years$59,374$58,845$58,329$57,826$57,334$56,176
2 years$29,393$28,846$28,315$27,801$27,302$26,141
3 years$19,401$18,851$18,322$17,812$17,321$16,193
4 years$14,406$13,858$13,334$12,833$12,354$11,267
5 years$11,409$10,864$10,347$9,857$9,391$8,348
6 years$9,412$8,872$8,362$7,883$7,431$6,434
7 years$7,987$7,450$6,949$6,481$6,043$5,092
8 years$6,918$6,386$5,893$5,436$5,014$4,107
9 years$6,087$5,560$5,076$4,631$4,222$3,361
10 years$5,422$4,901$4,425$3,992$3,597$2,780
11 years$4,879$4,363$3,896$3,474$3,094$2,320
12 years$4,427$3,916$3,458$3,047$2,681$1,949
13 years$4,044$3,539$3,089$2,690$2,338$1,647
14 years$3,717$3,217$2,776$2,388$2,049$1,397
15 years$3,433$2,939$2,506$2,130$1,805$1,190
16 years$3,185$2,696$2,272$1,907$1,595$1,017
17 years$2,967$2,483$2,067$1,713$1,414$872
18 years$2,773$2,295$1,887$1,544$1,257$748
19 years$2,600$2,127$1,728$1,395$1,121$644
20 years$2,444$1,976$1,586$1,264$1,001$555
21 years$2,303$1,841$1,459$1,147$896$479
22 years$2,175$1,718$1,344$1,043$803$414
23 years$2,058$1,607$1,241$950$721$358
24 years$1,952$1,506$1,148$866$648$310
25 years$1,854$1,413$1,063$791$583$268
26 years$1,763$1,328$986$723$525$232
27 years$1,680$1,250$916$662$473$202
28 years$1,602$1,178$851$607$427$175
29 years$1,531$1,111$792$556$386$152
30 years$1,464$1,049$738$510$349$132
31 years$1,401$992$688$469$315$114
32 years$1,342$939$642$431$285$99
33 years$1,288$889$599$396$258$86
34 years$1,236$842$560$365$234$75
35 years$1,188$799$523$336$212$65
36 years$1,142$758$490$309$192$57
37 years$1,099$720$458$285$174$49
38 years$1,058$684$429$262$157$43
39 years$1,020$651$402$242$143$37
40 years$983$619$377$223$130$32
41 years$948$589$353$206$118$28
42 years$915$561$332$190$107$25
43 years$884$535$311$175$97$21
44 years$854$510$292$162$88$19
45 years$826$486$274$150$80$16
46 years$799$464$258$138$72$14
47 years$773$443$242$128$66$12
48 years$748$423$227$118$60$11
49 years$725$404$214$109$54$9
50 years$702$385$201$101$49$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $719,000, adding $5,464 every year, while hoping to spend $56,213 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: 68/16/16 Blend
52$719,000$719,000$719,000$719,000
53$797,974$759,867$748,723$848,849
54$819,557$737,290$713,995$860,894
55$841,458$711,723$676,219$866,924
56$863,649$682,960$635,235$872,108
57$886,099$650,783$590,873$876,361
58$908,771$614,962$542,958$879,586
59$931,623$575,252$491,304$881,680
60$954,606$531,397$435,720$882,532
61$977,664$483,123$376,004$882,021
62$1,000,732$430,143$311,947$880,016
63$1,023,739$372,152$243,330$876,376
64$1,046,603$308,830$169,923$870,948
65$1,069,229$239,835$91,489$863,565
66$1,091,513$164,810$7,776$854,048
67$1,113,336$83,375$0$842,201
68$1,134,566$0$0$841,736
69$1,155,053$0$0$841,680
70$1,174,630$0$0$855,598
71$1,193,109$0$0$868,670
72$1,210,281$0$0$880,738
73$1,225,912$0$0$891,626
74$1,239,741$0$0$901,137
75$1,251,477$0$0$909,054
76$1,260,797$0$0$915,132
77$1,267,339$0$0$919,101
78$1,270,705$0$0$920,659
79$1,270,448$0$0$919,472
80$1,266,073$0$0$915,169
81$1,257,033$0$0$907,337
82$1,242,718$0$0$895,519
83$1,222,453$0$0$879,208
84$1,195,490$0$0$857,842
85$1,160,999$0$0$830,798
86$1,118,063$0$0$797,389
87$1,065,664$0$0$756,850
88$1,002,678$0$0$708,336
89$927,860$0$0$650,915
90$839,831$0$0$583,552
91$737,070$0$0$505,104
92$617,891$0$0$414,309
93$480,434$0$0$309,770
94$322,642$0$0$189,943
95$142,240$0$0$53,124
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0