Can I retire at age 53 with 709,000?

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 $709,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$58,549$58,027$57,518$57,022$56,537$54,925
2 years$28,984$28,445$27,921$27,414$26,922$25,311
3 years$19,131$18,589$18,067$17,565$17,081$15,520
4 years$14,205$13,665$13,148$12,654$12,182$10,685
5 years$11,251$10,713$10,204$9,720$9,261$7,830
6 years$9,281$8,748$8,246$7,773$7,328$5,966
7 years$7,875$7,347$6,852$6,391$5,959$4,666
8 years$6,821$6,298$5,811$5,361$4,944$3,718
9 years$6,002$5,483$5,005$4,566$4,163$3,004
10 years$5,347$4,833$4,364$3,936$3,547$2,453
11 years$4,811$4,303$3,842$3,426$3,051$2,019
12 years$4,365$3,862$3,410$3,005$2,644$1,673
13 years$3,988$3,490$3,046$2,653$2,305$1,394
14 years$3,665$3,172$2,737$2,355$2,021$1,166
15 years$3,386$2,898$2,471$2,100$1,779$979
16 years$3,141$2,659$2,240$1,880$1,573$824
17 years$2,926$2,449$2,039$1,690$1,394$695
18 years$2,734$2,263$1,861$1,523$1,240$588
19 years$2,563$2,097$1,704$1,376$1,105$498
20 years$2,410$1,949$1,564$1,246$987$422
21 years$2,271$1,815$1,438$1,131$883$359
22 years$2,145$1,694$1,326$1,028$792$305
23 years$2,030$1,585$1,224$936$711$259
24 years$1,925$1,485$1,132$854$639$221
25 years$1,828$1,393$1,048$780$575$188
26 years$1,739$1,310$972$713$518$160
27 years$1,657$1,232$903$653$467$137
28 years$1,580$1,161$839$598$421$117
29 years$1,509$1,096$781$548$380$99
30 years$1,443$1,035$728$503$344$85
31 years$1,382$978$678$462$311$72
32 years$1,324$925$633$425$281$62
33 years$1,270$876$591$391$254$53
34 years$1,219$831$552$359$230$45
35 years$1,171$788$516$331$209$39
36 years$1,126$748$483$305$189$33
37 years$1,084$710$452$281$171$28
38 years$1,043$675$423$259$155$24
39 years$1,005$642$397$239$141$21
40 years$969$611$372$220$128$18
41 years$935$581$348$203$116$15
42 years$903$554$327$187$105$13
43 years$872$527$307$173$95$11
44 years$842$503$288$160$87$9
45 years$814$479$270$148$79$8
46 years$788$457$254$136$71$7
47 years$762$436$239$126$65$6
48 years$738$417$224$116$59$5
49 years$715$398$211$108$53$4
50 years$692$380$198$99$49$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $709,000, adding $6,164 every year, while hoping to spend $21,794 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: 44/46/10 Blend
52$709,000$709,000$709,000$709,000
53$787,676$750,099$739,110$819,818
54$844,830$763,665$740,681$856,331
55$907,084$777,166$741,575$893,175
56$974,934$790,574$741,745$932,615
57$1,048,928$803,863$741,144$974,898
58$1,129,667$817,001$739,721$1,020,296
59$1,217,815$829,956$737,423$1,069,110
60$1,314,100$842,692$734,196$1,121,669
61$1,419,328$855,173$729,980$1,178,341
62$1,534,380$867,358$724,716$1,239,528
63$1,660,232$879,203$718,339$1,305,674
64$1,797,956$890,664$710,783$1,377,271
65$1,948,731$901,690$701,977$1,454,860
66$2,113,857$912,229$691,850$1,539,038
67$2,294,767$922,224$680,323$1,630,464
68$2,493,036$931,617$667,317$1,729,866
69$2,710,402$940,341$652,748$1,838,047
70$2,948,775$948,331$636,527$1,955,890
71$3,210,263$955,511$618,564$2,084,374
72$3,497,185$961,807$598,761$2,224,575
73$3,812,096$967,134$577,018$2,377,683
74$4,157,812$971,405$553,230$2,545,009
75$4,537,432$974,528$527,287$2,728,001
76$4,954,373$976,402$499,073$2,928,256
77$5,412,397$976,923$468,470$3,147,533
78$5,915,648$975,979$435,350$3,387,776
79$6,468,693$973,452$399,584$3,651,130
80$7,076,563$969,214$361,033$3,939,957
81$7,744,800$963,133$319,555$4,256,866
82$8,479,509$955,066$274,999$4,604,734
83$9,287,418$944,863$227,211$4,986,733
84$10,175,938$932,364$176,026$5,406,365
85$11,153,235$917,402$121,274$5,867,489
86$12,228,306$899,795$62,777$6,374,363
87$13,411,063$879,355$351$6,931,683
88$14,712,429$855,881$0$7,544,628
89$16,144,437$829,160$0$8,225,981
90$17,720,348$798,967$0$8,975,469
91$19,454,771$765,064$0$9,800,023
92$21,363,803$727,198$0$10,707,328
93$23,465,184$685,103$0$11,705,856
94$25,778,456$638,497$0$12,804,946
95$28,325,157$587,082$0$14,014,898
96$31,129,017$530,542$0$15,347,066
97$34,216,183$468,545$0$16,813,967
98$37,615,468$400,738$0$18,429,403
99$41,358,620$326,749$0$20,208,587
100$45,480,626$246,186$0$22,168,294