Can I retire at age 53 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$56,071$55,572$55,084$54,609$54,144$51,996
2 years$27,758$27,241$26,740$26,254$25,783$23,645
3 years$18,322$17,802$17,303$16,821$16,358$14,298
4 years$13,604$13,087$12,592$12,119$11,667$9,700
5 years$10,775$10,260$9,772$9,308$8,869$7,001
6 years$8,889$8,378$7,897$7,444$7,018$5,250
7 years$7,542$7,036$6,562$6,120$5,707$4,038
8 years$6,533$6,031$5,566$5,134$4,735$3,163
9 years$5,748$5,251$4,794$4,373$3,987$2,511
10 years$5,121$4,629$4,179$3,770$3,397$2,013
11 years$4,608$4,121$3,679$3,281$2,922$1,626
12 years$4,181$3,698$3,265$2,878$2,532$1,322
13 years$3,819$3,342$2,917$2,541$2,208$1,080
14 years$3,510$3,038$2,621$2,255$1,935$885
15 years$3,242$2,775$2,367$2,011$1,704$728
16 years$3,008$2,546$2,146$1,801$1,506$600
17 years$2,802$2,345$1,952$1,618$1,335$496
18 years$2,619$2,167$1,782$1,458$1,187$410
19 years$2,455$2,008$1,632$1,318$1,058$340
20 years$2,308$1,866$1,497$1,193$945$282
21 years$2,175$1,738$1,377$1,083$846$234
22 years$2,054$1,623$1,269$985$758$194
23 years$1,944$1,518$1,172$897$681$162
24 years$1,843$1,422$1,084$818$612$135
25 years$1,751$1,334$1,004$747$551$112
26 years$1,665$1,254$931$683$496$93
27 years$1,586$1,180$865$625$447$78
28 years$1,513$1,112$804$573$403$65
29 years$1,445$1,049$748$525$364$54
30 years$1,382$991$697$482$329$45
31 years$1,323$937$650$443$298$37
32 years$1,268$886$606$407$269$31
33 years$1,216$839$566$374$244$26
34 years$1,167$795$529$344$221$22
35 years$1,122$755$494$317$200$18
36 years$1,078$716$462$292$181$15
37 years$1,038$680$433$269$164$13
38 years$999$646$405$248$149$10
39 years$963$615$380$229$135$9
40 years$928$585$356$211$122$7
41 years$896$557$334$194$111$6
42 years$864$530$313$179$101$5
43 years$835$505$294$166$91$4
44 years$807$482$276$153$83$4
45 years$780$459$259$141$75$3
46 years$754$438$243$131$68$2
47 years$730$418$228$121$62$2
48 years$707$399$215$111$56$2
49 years$684$381$202$103$51$1
50 years$663$364$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $679,000, adding $4,425 every year, while hoping to spend $25,281 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: 54/37/9 Blend
52$679,000$679,000$679,000$679,000
53$752,822$716,835$706,311$791,564
54$802,711$725,062$703,074$826,542
55$856,842$732,843$698,880$861,449
56$915,620$740,133$693,673$898,838
57$979,491$746,878$687,389$938,949
58$1,048,948$753,023$679,965$982,047
59$1,124,530$758,510$671,333$1,028,424
60$1,206,832$763,277$661,423$1,078,404
61$1,296,508$767,257$650,159$1,132,343
62$1,394,278$770,379$637,466$1,190,636
63$1,500,935$772,568$623,262$1,253,716
64$1,617,350$773,744$607,461$1,322,065
65$1,744,485$773,822$589,976$1,396,212
66$1,883,395$772,713$570,714$1,476,744
67$2,035,246$770,320$549,576$1,564,306
68$2,201,316$766,541$526,463$1,659,611
69$2,383,018$761,269$501,267$1,763,448
70$2,581,905$754,390$473,878$1,876,687
71$2,799,686$745,782$444,180$2,000,287
72$3,038,245$735,316$412,051$2,135,307
73$3,299,656$722,857$377,365$2,282,919
74$3,586,204$708,260$339,990$2,444,412
75$3,900,405$691,373$299,787$2,621,213
76$4,245,028$672,032$256,612$2,814,893
77$4,623,127$650,068$210,315$3,027,188
78$5,038,063$625,298$160,737$3,260,015
79$5,493,539$597,531$107,715$3,515,486
80$5,993,633$566,563$51,077$3,795,935
81$6,542,839$532,180$0$4,103,935
82$7,146,107$494,155$0$4,443,226
83$7,808,889$452,248$0$4,821,334
84$8,537,191$406,204$0$5,236,827
85$9,337,632$355,755$0$5,693,536
86$10,217,502$300,619$0$6,195,692
87$11,184,833$240,495$0$6,747,957
88$12,248,474$175,067$0$7,355,474
89$13,418,174$104,001$0$8,023,915
90$14,704,674$26,943$0$8,759,536
91$16,119,810$0$0$9,569,233
92$17,676,620$0$0$10,483,609
93$19,389,471$0$0$11,501,777
94$21,274,193$0$0$12,622,188
95$23,348,227$0$0$13,855,218
96$25,630,791$0$0$15,212,302
97$28,143,059$0$0$16,706,040
98$30,908,363$0$0$18,350,315
99$33,952,411$0$0$20,160,425
100$37,303,532$0$0$22,153,224