Can I retire at age 53 with 682,000?

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 $682,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$56,319$55,817$55,328$54,850$54,384$53,793
2 years$27,881$27,361$26,858$26,370$25,897$25,303
3 years$18,402$17,881$17,379$16,896$16,430$15,850
4 years$13,664$13,144$12,647$12,172$11,718$11,157
5 years$10,822$10,305$9,815$9,350$8,908$8,367
6 years$8,928$8,415$7,932$7,477$7,049$6,529
7 years$7,576$7,067$6,591$6,147$5,732$5,234
8 years$6,562$6,058$5,590$5,157$4,756$4,279
9 years$5,774$5,274$4,815$4,392$4,005$3,549
10 years$5,143$4,649$4,198$3,786$3,412$2,978
11 years$4,628$4,139$3,696$3,295$2,935$2,521
12 years$4,199$3,715$3,280$2,890$2,543$2,149
13 years$3,836$3,357$2,930$2,552$2,218$1,843
14 years$3,526$3,051$2,633$2,265$1,944$1,589
15 years$3,257$2,788$2,377$2,020$1,712$1,375
16 years$3,022$2,558$2,155$1,809$1,513$1,194
17 years$2,814$2,355$1,961$1,625$1,341$1,040
18 years$2,630$2,177$1,790$1,465$1,193$908
19 years$2,466$2,017$1,639$1,323$1,063$794
20 years$2,318$1,874$1,504$1,199$950$696
21 years$2,184$1,746$1,383$1,088$850$611
22 years$2,063$1,630$1,275$989$762$538
23 years$1,952$1,524$1,177$901$684$473
24 years$1,851$1,428$1,089$822$615$417
25 years$1,758$1,340$1,008$750$553$368
26 years$1,673$1,260$935$686$498$325
27 years$1,593$1,185$868$628$449$287
28 years$1,520$1,117$807$575$405$253
29 years$1,452$1,054$751$528$366$224
30 years$1,388$995$700$484$331$198
31 years$1,329$941$652$445$299$176
32 years$1,273$890$609$409$270$155
33 years$1,221$843$568$376$245$138
34 years$1,172$799$531$346$222$122
35 years$1,127$758$497$318$201$108
36 years$1,083$719$464$293$182$96
37 years$1,042$683$435$270$165$85
38 years$1,004$649$407$249$149$75
39 years$967$617$381$230$135$67
40 years$932$587$358$212$123$59
41 years$900$559$335$195$111$53
42 years$868$533$314$180$101$47
43 years$839$507$295$166$92$41
44 years$810$484$277$154$83$37
45 years$783$461$260$142$76$33
46 years$758$440$244$131$69$29
47 years$733$420$229$121$62$26
48 years$710$401$216$112$57$23
49 years$687$383$203$103$51$20
50 years$666$366$191$96$47$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $682,000, adding $4,247 every year, while hoping to spend $40,781 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: 46/35/19 Blend
52$682,000$682,000$682,000$682,000
53$755,945$719,799$709,228$786,437
54$789,660$711,678$689,596$800,056
55$825,448$701,793$667,940$810,412
56$863,477$690,014$644,149$820,792
57$903,930$676,203$618,106$831,217
58$947,009$660,215$589,691$841,710
59$992,935$641,896$558,777$852,304
60$1,041,949$621,084$525,231$863,034
61$1,094,316$597,606$488,915$873,945
62$1,150,327$571,279$449,683$885,088
63$1,210,299$541,910$407,387$896,524
64$1,274,581$509,296$361,866$908,324
65$1,343,557$473,219$312,956$920,571
66$1,417,645$433,452$260,486$933,359
67$1,497,307$389,754$204,274$946,799
68$1,583,049$341,868$144,134$961,017
69$1,675,427$289,527$79,870$976,158
70$1,775,051$232,444$11,276$992,385
71$1,882,592$170,319$0$1,009,887
72$1,998,786$102,835$0$1,041,431
73$2,124,443$29,655$0$1,077,960
74$2,260,453$0$0$1,117,507
75$2,407,795$0$0$1,179,523
76$2,567,545$0$0$1,259,211
77$2,740,884$0$0$1,345,747
78$2,929,115$0$0$1,439,789
79$3,133,668$0$0$1,542,063
80$3,356,118$0$0$1,653,364
81$3,598,196$0$0$1,774,569
82$3,861,809$0$0$1,906,642
83$4,149,053$0$0$2,050,646
84$4,462,236$0$0$2,207,748
85$4,803,898$0$0$2,379,234
86$5,176,835$0$0$2,566,521
87$5,584,124$0$0$2,771,165
88$6,029,152$0$0$2,994,884
89$6,515,651$0$0$3,239,565
90$7,047,725$0$0$3,507,289
91$7,629,896$0$0$3,800,344
92$8,267,143$0$0$4,121,254
93$8,964,947$0$0$4,472,795
94$9,729,346$0$0$4,858,025
95$10,566,988$0$0$5,280,313
96$11,485,194$0$0$5,743,366
97$12,492,030$0$0$6,251,272
98$13,596,376$0$0$6,808,530
99$14,808,015$0$0$7,420,096
100$16,137,723$0$0$8,091,430