Can I retire at age 53 with 692,000?

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 $692,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$57,145$56,636$56,139$55,654$55,181$53,738
2 years$28,289$27,763$27,252$26,757$26,277$24,833
3 years$18,672$18,143$17,634$17,143$16,671$15,271
4 years$13,865$13,337$12,833$12,351$11,890$10,545
5 years$10,981$10,456$9,959$9,487$9,039$7,752
6 years$9,059$8,539$8,048$7,587$7,152$5,926
7 years$7,687$7,171$6,688$6,237$5,816$4,650
8 years$6,658$6,147$5,672$5,232$4,825$3,719
9 years$5,858$5,352$4,885$4,457$4,064$3,015
10 years$5,219$4,717$4,259$3,842$3,462$2,471
11 years$4,696$4,199$3,750$3,344$2,978$2,043
12 years$4,261$3,769$3,328$2,933$2,580$1,699
13 years$3,893$3,406$2,973$2,589$2,250$1,421
14 years$3,577$3,096$2,671$2,298$1,973$1,194
15 years$3,304$2,828$2,412$2,050$1,737$1,006
16 years$3,066$2,595$2,187$1,835$1,535$851
17 years$2,856$2,390$1,990$1,649$1,361$721
18 years$2,669$2,208$1,816$1,486$1,210$613
19 years$2,502$2,047$1,663$1,343$1,079$521
20 years$2,352$1,902$1,526$1,216$963$444
21 years$2,216$1,772$1,404$1,104$862$379
22 years$2,093$1,654$1,294$1,004$773$323
23 years$1,981$1,547$1,195$914$694$276
24 years$1,878$1,449$1,105$834$624$236
25 years$1,784$1,360$1,023$761$561$202
26 years$1,697$1,278$949$696$505$173
27 years$1,617$1,203$881$637$456$148
28 years$1,542$1,133$819$584$411$127
29 years$1,473$1,069$762$535$371$109
30 years$1,409$1,010$710$491$335$94
31 years$1,348$955$662$451$303$80
32 years$1,292$903$618$415$274$69
33 years$1,239$855$577$381$248$59
34 years$1,190$811$539$351$225$51
35 years$1,143$769$504$323$204$44
36 years$1,099$730$471$297$184$37
37 years$1,058$693$441$274$167$32
38 years$1,018$659$413$253$152$28
39 years$981$626$387$233$137$24
40 years$946$596$363$215$125$20
41 years$913$567$340$198$113$17
42 years$881$540$319$183$103$15
43 years$851$515$299$169$93$13
44 years$822$491$281$156$85$11
45 years$795$468$264$144$77$9
46 years$769$446$248$133$70$8
47 years$744$426$233$123$63$7
48 years$720$407$219$114$57$6
49 years$697$388$206$105$52$5
50 years$676$371$193$97$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $692,000, adding $6,078 every year, while hoping to spend $53,854 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: 75/13/12 Blend
52$692,000$692,000$692,000$692,000
53$768,853$732,177$721,451$824,234
54$789,976$710,754$688,320$840,185
55$811,449$686,476$652,273$850,308
56$833,249$659,146$613,158$859,910
57$855,353$628,557$570,811$868,922
58$877,731$594,487$525,065$877,270
59$900,348$556,706$475,742$884,871
60$923,164$514,965$422,660$891,636
61$946,133$469,004$365,626$897,468
62$969,202$418,549$304,438$902,260
63$992,311$363,309$238,887$905,898
64$1,015,392$302,975$168,754$908,256
65$1,038,365$237,224$93,811$909,196
66$1,061,142$165,713$13,818$908,570
67$1,083,624$88,078$0$906,214
68$1,105,698$3,938$0$911,112
69$1,127,237$0$0$916,395
70$1,148,100$0$0$932,575
71$1,168,125$0$0$948,612
72$1,187,135$0$0$963,793
73$1,204,929$0$0$977,953
74$1,221,285$0$0$990,906
75$1,235,953$0$0$1,002,447
76$1,248,655$0$0$1,012,345
77$1,259,082$0$0$1,020,343
78$1,266,888$0$0$1,026,156
79$1,271,692$0$0$1,029,467
80$1,273,066$0$0$1,029,922
81$1,270,538$0$0$1,027,131
82$1,263,582$0$0$1,020,659
83$1,251,615$0$0$1,010,022
84$1,233,990$0$0$994,685
85$1,209,991$0$0$974,056
86$1,178,824$0$0$947,477
87$1,139,608$0$0$914,220
88$1,091,369$0$0$873,479
89$1,033,028$0$0$824,362
90$963,393$0$0$765,881
91$881,142$0$0$696,944
92$784,815$0$0$616,344
93$672,798$0$0$522,744
94$543,304$0$0$414,667
95$394,362$0$0$290,484
96$223,790$0$0$148,389
97$29,180$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0