Can I retire at age 53 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$56,484$55,981$55,490$55,011$54,543$52,608
2 years$27,962$27,442$26,937$26,448$25,973$24,044
3 years$18,456$17,933$17,430$16,945$16,478$14,616
4 years$13,704$13,183$12,685$12,208$11,752$9,971
5 years$10,854$10,336$9,844$9,377$8,934$7,238
6 years$8,954$8,440$7,955$7,499$7,069$5,460
7 years$7,598$7,088$6,611$6,165$5,749$4,227
8 years$6,581$6,075$5,606$5,172$4,769$3,333
9 years$5,790$5,290$4,829$4,405$4,017$2,663
10 years$5,158$4,663$4,210$3,797$3,422$2,150
11 years$4,642$4,151$3,706$3,305$2,943$1,750
12 years$4,211$3,726$3,289$2,899$2,551$1,433
13 years$3,848$3,367$2,939$2,559$2,224$1,179
14 years$3,536$3,060$2,640$2,272$1,950$974
15 years$3,266$2,796$2,384$2,026$1,717$807
16 years$3,030$2,565$2,161$1,814$1,517$671
17 years$2,823$2,362$1,967$1,630$1,345$559
18 years$2,638$2,183$1,795$1,469$1,196$466
19 years$2,473$2,023$1,644$1,327$1,066$389
20 years$2,325$1,880$1,508$1,202$952$326
21 years$2,191$1,751$1,388$1,091$852$273
22 years$2,069$1,635$1,279$992$764$229
23 years$1,958$1,529$1,181$903$686$192
24 years$1,857$1,432$1,092$824$616$161
25 years$1,763$1,344$1,011$752$555$135
26 years$1,678$1,263$938$688$500$113
27 years$1,598$1,189$871$630$450$95
28 years$1,524$1,120$810$577$406$80
29 years$1,456$1,057$754$529$367$67
30 years$1,392$998$702$486$332$57
31 years$1,333$944$654$446$300$48
32 years$1,277$893$611$410$271$40
33 years$1,225$846$570$377$245$34
34 years$1,176$801$533$347$222$28
35 years$1,130$760$498$319$201$24
36 years$1,086$721$466$294$182$20
37 years$1,045$685$436$271$165$17
38 years$1,007$651$408$250$150$14
39 years$970$619$383$230$136$12
40 years$935$589$359$212$123$10
41 years$902$561$336$196$112$8
42 years$871$534$315$181$101$7
43 years$841$509$296$167$92$6
44 years$813$485$278$154$84$5
45 years$786$463$261$142$76$4
46 years$760$441$245$131$69$4
47 years$735$421$230$121$63$3
48 years$712$402$216$112$57$3
49 years$689$384$203$104$52$2
50 years$668$367$191$96$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $684,000, adding $4,865 every year, while hoping to spend $53,574 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: 65/12/23 Blend
52$684,000$684,000$684,000$684,000
53$758,786$722,534$711,932$803,300
54$779,180$700,936$678,780$812,264
55$799,859$676,484$642,721$815,570
56$820,794$648,982$603,602$817,953
57$841,955$618,221$561,262$819,326
58$863,303$583,983$515,533$819,596
59$884,796$546,034$466,240$818,659
60$906,384$504,129$413,198$816,407
61$928,012$458,008$356,217$812,721
62$949,615$407,396$295,096$807,474
63$971,120$352,003$229,626$800,526
64$992,445$291,522$159,589$791,730
65$1,013,497$225,629$84,757$780,922
66$1,034,170$153,981$4,893$767,929
67$1,054,347$76,218$0$752,562
68$1,073,894$0$0$754,330
69$1,092,664$0$0$756,924
70$1,110,489$0$0$768,881
71$1,127,183$0$0$780,002
72$1,142,537$0$0$790,138
73$1,156,319$0$0$799,120
74$1,168,271$0$0$806,762
75$1,178,103$0$0$812,858
76$1,185,494$0$0$817,175
77$1,190,086$0$0$819,456
78$1,191,482$0$0$819,417
79$1,189,241$0$0$816,739
80$1,182,873$0$0$811,071
81$1,171,833$0$0$802,023
82$1,155,519$0$0$789,160
83$1,133,262$0$0$772,003
84$1,104,320$0$0$750,021
85$1,067,875$0$0$722,623
86$1,023,015$0$0$689,157
87$968,735$0$0$648,903
88$903,923$0$0$601,060
89$827,345$0$0$544,745
90$737,639$0$0$478,981
91$633,300$0$0$402,687
92$512,662$0$0$314,668
93$373,883$0$0$213,606
94$214,931$0$0$98,041
95$33,556$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