Can I retire at age 53 with 690,000?

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 $690,000?

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$56,980$56,472$55,977$55,494$55,022$52,839
2 years$28,208$27,682$27,173$26,680$26,201$24,028
3 years$18,618$18,091$17,583$17,094$16,623$14,530
4 years$13,825$13,299$12,796$12,315$11,856$9,857
5 years$10,949$10,426$9,930$9,459$9,012$7,114
6 years$9,033$8,514$8,025$7,565$7,131$5,335
7 years$7,664$7,150$6,669$6,219$5,800$4,104
8 years$6,639$6,129$5,656$5,217$4,811$3,214
9 years$5,841$5,336$4,871$4,444$4,052$2,551
10 years$5,204$4,704$4,247$3,831$3,452$2,046
11 years$4,682$4,187$3,739$3,334$2,969$1,653
12 years$4,248$3,758$3,318$2,924$2,573$1,343
13 years$3,881$3,396$2,965$2,582$2,244$1,097
14 years$3,567$3,087$2,664$2,292$1,967$899
15 years$3,295$2,820$2,405$2,044$1,732$740
16 years$3,057$2,588$2,180$1,830$1,531$610
17 years$2,847$2,383$1,984$1,644$1,357$504
18 years$2,661$2,202$1,811$1,482$1,207$417
19 years$2,495$2,041$1,658$1,339$1,075$345
20 years$2,345$1,896$1,522$1,213$961$286
21 years$2,210$1,766$1,400$1,101$860$238
22 years$2,087$1,649$1,290$1,001$771$198
23 years$1,975$1,542$1,191$911$692$164
24 years$1,873$1,445$1,102$831$622$137
25 years$1,779$1,356$1,020$759$559$114
26 years$1,692$1,274$946$694$504$95
27 years$1,612$1,199$879$635$454$79
28 years$1,538$1,130$817$582$410$66
29 years$1,469$1,066$760$534$370$55
30 years$1,405$1,007$708$490$334$46
31 years$1,345$952$660$450$302$38
32 years$1,288$901$616$413$274$32
33 years$1,236$853$575$380$248$26
34 years$1,186$808$537$350$224$22
35 years$1,140$767$502$322$203$18
36 years$1,096$728$470$297$184$15
37 years$1,055$691$440$273$167$13
38 years$1,015$657$412$252$151$11
39 years$978$625$386$232$137$9
40 years$943$594$362$214$124$7
41 years$910$566$339$198$113$6
42 years$878$539$318$182$102$5
43 years$848$513$299$168$93$4
44 years$820$489$280$155$84$4
45 years$793$467$263$144$77$3
46 years$767$445$247$133$69$2
47 years$742$425$232$123$63$2
48 years$718$406$218$113$57$2
49 years$695$387$205$105$52$1
50 years$674$370$193$97$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $690,000, adding $6,114 every year, while hoping to spend $37,666 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: 48/39/13 Blend
52$690,000$690,000$690,000$690,000
53$766,687$730,117$719,422$800,446
54$804,812$725,816$703,446$820,066
55$845,564$720,042$685,673$836,964
56$889,171$712,683$666,002$854,471
57$935,882$703,621$644,329$872,657
58$985,973$692,729$620,544$891,601
59$1,039,743$679,874$594,534$911,394
60$1,097,524$664,914$566,178$932,135
61$1,159,678$647,702$535,351$953,938
62$1,226,603$628,077$501,923$976,933
63$1,298,737$605,873$465,758$1,001,263
64$1,376,560$580,912$426,712$1,027,091
65$1,460,598$553,007$384,637$1,054,599
66$1,551,434$521,958$339,376$1,083,993
67$1,649,702$487,557$290,768$1,115,501
68$1,756,105$449,580$238,642$1,149,381
69$1,871,412$407,794$182,821$1,185,920
70$1,996,471$361,950$123,119$1,225,440
71$2,132,212$311,786$59,345$1,268,300
72$2,279,659$257,026$0$1,314,903
73$2,439,940$197,376$0$1,366,905
74$2,614,294$132,527$0$1,432,460
75$2,804,085$62,154$0$1,503,916
76$3,010,813$0$0$1,581,925
77$3,236,129$0$0$1,673,258
78$3,481,852$0$0$1,802,022
79$3,749,981$0$0$1,942,600
80$4,042,718$0$0$2,096,155
81$4,362,486$0$0$2,263,968
82$4,711,955$0$0$2,447,449
83$5,094,061$0$0$2,648,151
84$5,512,038$0$0$2,867,782
85$5,969,449$0$0$3,108,226
86$6,470,213$0$0$3,371,555
87$7,018,650$0$0$3,660,052
88$7,619,514$0$0$3,976,231
89$8,278,043$0$0$4,322,859
90$9,000,003$0$0$4,702,987
91$9,791,748$0$0$5,119,972
92$10,660,274$0$0$5,577,514
93$11,613,288$0$0$6,079,688
94$12,659,277$0$0$6,630,981
95$13,807,592$0$0$7,236,338
96$15,068,533$0$0$7,901,204
97$16,453,446$0$0$8,631,580
98$17,974,829$0$0$9,434,075
99$19,646,453$0$0$10,315,969
100$21,483,485$0$0$11,285,285