Can I retire at age 53 with 687,000?

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 $687,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$56,732$56,226$55,733$55,252$54,782$54,460
2 years$28,085$27,562$27,055$26,564$26,087$25,762
3 years$18,537$18,012$17,506$17,020$16,551$16,232
4 years$13,764$13,241$12,740$12,262$11,804$11,496
5 years$10,901$10,381$9,887$9,418$8,973$8,675
6 years$8,993$8,477$7,990$7,532$7,100$6,813
7 years$7,631$7,119$6,640$6,192$5,774$5,499
8 years$6,610$6,102$5,631$5,195$4,790$4,526
9 years$5,816$5,313$4,850$4,425$4,034$3,781
10 years$5,181$4,683$4,228$3,814$3,437$3,195
11 years$4,662$4,169$3,723$3,319$2,956$2,724
12 years$4,230$3,742$3,304$2,912$2,562$2,340
13 years$3,864$3,382$2,952$2,570$2,234$2,023
14 years$3,552$3,074$2,652$2,282$1,958$1,757
15 years$3,281$2,808$2,394$2,035$1,724$1,533
16 years$3,044$2,576$2,171$1,822$1,524$1,342
17 years$2,835$2,373$1,975$1,637$1,351$1,179
18 years$2,649$2,192$1,803$1,475$1,201$1,038
19 years$2,484$2,032$1,651$1,333$1,071$916
20 years$2,335$1,888$1,515$1,207$956$810
21 years$2,200$1,759$1,394$1,096$856$718
22 years$2,078$1,642$1,284$996$767$637
23 years$1,967$1,535$1,186$907$689$566
24 years$1,865$1,439$1,097$828$619$503
25 years$1,771$1,350$1,016$756$557$448
26 years$1,685$1,269$942$691$502$399
27 years$1,605$1,194$875$633$452$356
28 years$1,531$1,125$813$580$408$318
29 years$1,462$1,062$757$531$369$284
30 years$1,398$1,003$705$488$333$253
31 years$1,339$948$657$448$301$227
32 years$1,283$897$613$412$272$203
33 years$1,230$849$573$379$246$181
34 years$1,181$805$535$348$223$162
35 years$1,135$763$500$321$202$145
36 years$1,091$725$468$295$183$130
37 years$1,050$688$438$272$166$116
38 years$1,011$654$410$251$150$104
39 years$974$622$384$231$136$94
40 years$939$592$360$213$124$84
41 years$906$563$338$197$112$75
42 years$875$536$317$182$102$67
43 years$845$511$297$168$92$60
44 years$816$487$279$155$84$54
45 years$789$465$262$143$76$49
46 years$763$443$246$132$69$44
47 years$739$423$231$122$63$39
48 years$715$404$217$113$57$35
49 years$692$386$204$104$52$31
50 years$671$368$192$96$47$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $687,000, adding $3,347 every year, while hoping to spend $31,862 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: 69/24/7 Blend
52$687,000$687,000$687,000$687,000
53$760,526$724,115$713,467$811,916
54$804,199$725,696$703,467$847,955
55$851,259$726,286$692,065$883,152
56$902,017$725,804$679,178$920,787
57$956,816$724,162$664,724$961,092
58$1,016,033$721,267$648,614$1,004,324
59$1,080,081$717,022$630,755$1,050,766
60$1,149,414$711,322$611,051$1,100,730
61$1,224,534$704,056$589,400$1,154,563
62$1,305,989$695,107$565,698$1,212,644
63$1,394,383$684,351$539,832$1,275,394
64$1,490,383$671,656$511,689$1,343,277
65$1,594,718$656,883$481,147$1,416,805
66$1,708,193$639,885$448,079$1,496,545
67$1,831,693$620,504$412,354$1,583,119
68$1,966,192$598,575$373,834$1,677,217
69$2,112,761$573,923$332,376$1,779,599
70$2,272,581$546,362$287,828$1,891,104
71$2,446,947$515,697$240,033$2,012,659
72$2,637,290$481,721$188,829$2,145,287
73$2,845,181$444,213$134,042$2,290,115
74$3,072,353$402,942$75,496$2,448,388
75$3,320,710$357,664$13,002$2,621,481
76$3,592,352$308,118$0$2,810,911
77$3,889,588$254,033$0$3,022,360
78$4,214,963$195,117$0$3,254,962
79$4,571,278$131,067$0$3,509,799
80$4,961,619$61,560$0$3,789,136
81$5,389,382$0$0$4,095,469
82$5,858,311$0$0$4,435,184
83$6,372,525$0$0$4,825,572
84$6,936,564$0$0$5,253,827
85$7,555,428$0$0$5,723,750
86$8,234,622$0$0$6,239,527
87$8,980,213$0$0$6,805,769
88$9,798,883$0$0$7,427,557
89$10,697,993$0$0$8,110,487
90$11,685,649$0$0$8,860,724
91$12,770,784$0$0$9,685,058
92$13,963,240$0$0$10,590,971
93$15,273,855$0$0$11,586,705
94$16,714,574$0$0$12,681,341
95$18,298,554$0$0$13,884,883
96$20,040,292$0$0$15,208,353
97$21,955,758$0$0$16,663,893
98$24,062,549$0$0$18,264,884
99$26,380,053$0$0$20,026,067
100$28,929,631$0$0$21,963,682