Can I retire at age 53 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$55,741$55,244$54,760$54,287$53,825$52,782
2 years$27,594$27,081$26,582$26,100$25,631$24,584
3 years$18,214$17,697$17,201$16,722$16,261$15,243
4 years$13,524$13,009$12,518$12,047$11,598$10,617
5 years$10,711$10,200$9,714$9,254$8,816$7,875
6 years$8,836$8,329$7,851$7,400$6,976$6,075
7 years$7,498$6,994$6,524$6,084$5,673$4,814
8 years$6,494$5,996$5,533$5,104$4,707$3,888
9 years$5,714$5,220$4,765$4,347$3,964$3,185
10 years$5,091$4,601$4,155$3,747$3,377$2,638
11 years$4,581$4,096$3,658$3,261$2,905$2,204
12 years$4,156$3,677$3,246$2,861$2,517$1,854
13 years$3,797$3,323$2,900$2,526$2,195$1,568
14 years$3,489$3,020$2,606$2,242$1,924$1,333
15 years$3,223$2,759$2,353$1,999$1,694$1,137
16 years$2,991$2,531$2,133$1,790$1,497$973
17 years$2,785$2,331$1,941$1,608$1,328$835
18 years$2,603$2,154$1,772$1,450$1,180$718
19 years$2,440$1,996$1,622$1,310$1,052$619
20 years$2,294$1,855$1,489$1,186$940$534
21 years$2,162$1,728$1,369$1,077$841$461
22 years$2,042$1,613$1,262$979$754$399
23 years$1,932$1,509$1,165$892$677$346
24 years$1,832$1,414$1,078$813$608$300
25 years$1,740$1,327$998$743$547$260
26 years$1,655$1,247$926$679$493$226
27 years$1,577$1,173$860$621$444$196
28 years$1,504$1,106$799$569$401$170
29 years$1,437$1,043$744$522$362$148
30 years$1,374$985$693$479$327$129
31 years$1,315$931$646$440$296$112
32 years$1,260$881$602$404$268$98
33 years$1,209$834$563$372$242$85
34 years$1,160$791$526$342$219$74
35 years$1,115$750$491$315$199$64
36 years$1,072$712$460$290$180$56
37 years$1,032$676$430$267$163$49
38 years$993$643$403$246$148$43
39 years$957$611$378$227$134$37
40 years$923$581$354$210$122$32
41 years$890$553$332$193$110$28
42 years$859$527$311$178$100$25
43 years$830$502$292$165$91$21
44 years$802$479$274$152$82$19
45 years$775$456$257$140$75$16
46 years$750$435$242$130$68$14
47 years$726$416$227$120$62$12
48 years$702$397$213$111$56$11
49 years$680$379$201$102$51$9
50 years$659$362$189$95$46$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $675,000, adding $6,446 every year, while hoping to spend $53,556 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: 53/36/11 Blend
52$675,000$675,000$675,000$675,000
53$750,499$714,724$704,262$787,808
54$770,067$692,762$670,871$791,944
55$789,835$667,930$634,567$790,120
56$809,769$640,028$595,196$786,889
57$829,826$608,850$552,595$782,131
58$849,959$574,175$506,598$775,714
59$870,113$535,768$457,027$767,499
60$890,227$493,383$403,700$757,336
61$910,230$446,759$346,424$745,064
62$930,044$395,620$285,000$730,509
63$949,578$339,675$219,217$713,486
64$968,732$278,616$148,857$693,795
65$987,392$212,117$73,693$671,220
66$1,005,430$139,835$0$645,531
67$1,022,704$61,408$0$617,244
68$1,039,054$0$0$594,607
69$1,054,300$0$0$578,033
70$1,068,244$0$0$584,988
71$1,080,661$0$0$591,014
72$1,091,303$0$0$595,965
73$1,099,895$0$0$599,678
74$1,106,127$0$0$601,972
75$1,109,656$0$0$602,646
76$1,110,104$0$0$601,475
77$1,107,045$0$0$598,211
78$1,100,011$0$0$592,580
79$1,088,482$0$0$584,274
80$1,071,879$0$0$572,956
81$1,049,562$0$0$558,249
82$1,020,822$0$0$539,738
83$984,873$0$0$516,963
84$940,845$0$0$489,412
85$887,774$0$0$456,523
86$824,596$0$0$417,671
87$750,131$0$0$372,164
88$663,075$0$0$319,241
89$561,988$0$0$258,057
90$445,275$0$0$187,679
91$311,175$0$0$107,076
92$157,742$0$0$15,110
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
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