Can I retire at age 53 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$56,236$55,735$55,247$54,770$54,304$53,448
2 years$27,840$27,321$26,819$26,332$25,859$24,999
3 years$18,375$17,855$17,354$16,871$16,406$15,569
4 years$13,644$13,125$12,629$12,155$11,701$10,893
5 years$10,806$10,290$9,801$9,336$8,895$8,118
6 years$8,915$8,403$7,920$7,466$7,038$6,294
7 years$7,564$7,057$6,582$6,138$5,724$5,012
8 years$6,552$6,049$5,582$5,149$4,749$4,069
9 years$5,765$5,267$4,808$4,386$3,999$3,351
10 years$5,136$4,642$4,191$3,781$3,407$2,791
11 years$4,621$4,133$3,690$3,290$2,930$2,345
12 years$4,193$3,709$3,275$2,886$2,539$1,984
13 years$3,831$3,352$2,926$2,548$2,214$1,688
14 years$3,521$3,047$2,629$2,262$1,941$1,444
15 years$3,252$2,783$2,374$2,017$1,709$1,239
16 years$3,017$2,554$2,152$1,806$1,511$1,067
17 years$2,810$2,352$1,958$1,623$1,339$922
18 years$2,626$2,173$1,788$1,462$1,191$798
19 years$2,462$2,014$1,636$1,321$1,061$692
20 years$2,315$1,872$1,502$1,197$948$601
21 years$2,181$1,743$1,381$1,086$848$523
22 years$2,060$1,627$1,273$988$761$456
23 years$1,950$1,522$1,176$899$683$397
24 years$1,849$1,426$1,087$820$614$347
25 years$1,756$1,338$1,007$749$552$303
26 years$1,670$1,258$934$685$497$265
27 years$1,591$1,184$867$627$448$232
28 years$1,518$1,115$806$574$405$203
29 years$1,450$1,052$750$527$365$178
30 years$1,386$994$699$483$330$156
31 years$1,327$939$651$444$298$137
32 years$1,272$889$608$408$270$120
33 years$1,220$842$568$375$244$105
34 years$1,171$798$530$345$221$92
35 years$1,125$757$496$318$200$81
36 years$1,082$718$464$293$182$71
37 years$1,041$682$434$270$165$62
38 years$1,002$648$407$249$149$55
39 years$966$616$381$229$135$48
40 years$931$587$357$211$123$42
41 years$898$558$335$195$111$37
42 years$867$532$314$180$101$32
43 years$837$507$295$166$92$29
44 years$809$483$277$153$83$25
45 years$782$461$260$142$76$22
46 years$757$439$244$131$69$19
47 years$732$419$229$121$62$17
48 years$709$400$215$112$57$15
49 years$686$382$202$103$51$13
50 years$665$365$190$95$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $681,000, adding $6,499 every year, while hoping to spend $21,738 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: 59/28/13 Blend
52$681,000$681,000$681,000$681,000
53$757,166$721,073$710,517$799,024
54$811,268$733,276$711,190$840,210
55$870,159$745,349$711,158$882,099
56$934,306$757,262$710,372$927,258
57$1,004,221$768,984$708,786$976,006
58$1,080,468$780,480$706,346$1,028,691
59$1,163,667$791,715$703,000$1,085,700
60$1,254,501$802,649$698,691$1,147,459
61$1,353,723$813,242$693,360$1,214,434
62$1,462,161$823,448$686,945$1,287,145
63$1,580,725$833,221$679,382$1,366,161
64$1,710,420$842,510$670,602$1,452,110
65$1,852,350$851,260$660,534$1,545,685
66$2,007,733$859,415$649,105$1,647,651
67$2,177,907$866,911$636,235$1,758,851
68$2,364,348$873,685$621,844$1,880,213
69$2,568,682$879,666$605,846$2,012,762
70$2,792,698$884,780$588,153$2,157,628
71$3,038,367$888,948$568,669$2,316,057
72$3,307,860$892,086$547,299$2,489,423
73$3,603,568$894,104$523,940$2,679,240
74$3,928,124$894,908$498,484$2,887,179
75$4,284,431$894,396$470,821$3,115,082
76$4,675,683$892,462$440,834$3,364,979
77$5,105,402$888,992$408,401$3,639,109
78$5,577,465$883,865$373,395$3,939,943
79$6,096,145$876,953$335,682$4,270,201
80$6,666,149$868,120$295,124$4,632,886
81$7,292,661$857,223$251,576$5,031,308
82$7,981,394$844,108$204,885$5,469,115
83$8,738,641$828,615$154,894$5,950,330
84$9,571,337$810,572$101,438$6,479,391
85$10,487,120$789,797$44,343$7,061,187
86$11,494,408$766,098$0$7,701,110
87$12,602,474$739,273$0$8,407,405
88$13,821,535$709,106$0$9,191,040
89$15,162,849$675,370$0$10,053,109
90$16,638,819$637,823$0$11,001,606
91$18,263,114$596,211$0$12,045,343
92$20,050,791$550,265$0$13,194,031
93$22,018,444$499,700$0$14,458,374
94$24,184,355$444,215$0$15,850,173
95$26,568,670$383,493$0$17,382,430
96$29,193,587$317,196$0$19,069,480
97$32,083,565$244,971$0$20,927,122
98$35,265,556$166,442$0$22,972,768
99$38,769,259$81,214$0$25,225,612
100$42,627,397$0$0$27,706,807