Can I retire at age 53 with 711,000?

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 $711,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$58,714$58,191$57,680$57,182$56,696$54,837
2 years$29,066$28,525$28,000$27,492$26,998$25,143
3 years$19,185$18,641$18,118$17,614$17,129$15,336
4 years$14,245$13,703$13,185$12,690$12,216$10,499
5 years$11,282$10,744$10,232$9,747$9,287$7,650
6 years$9,308$8,773$8,269$7,795$7,348$5,793
7 years$7,898$7,368$6,872$6,409$5,976$4,503
8 years$6,841$6,315$5,828$5,376$4,958$3,565
9 years$6,019$5,499$5,019$4,579$4,175$2,861
10 years$5,362$4,847$4,376$3,947$3,557$2,320
11 years$4,825$4,315$3,853$3,435$3,060$1,896
12 years$4,378$3,873$3,419$3,013$2,651$1,560
13 years$3,999$3,500$3,055$2,660$2,312$1,290
14 years$3,676$3,181$2,745$2,361$2,027$1,071
15 years$3,395$2,906$2,478$2,106$1,784$892
16 years$3,150$2,666$2,247$1,886$1,577$745
17 years$2,934$2,456$2,044$1,694$1,398$624
18 years$2,742$2,269$1,866$1,527$1,243$523
19 years$2,571$2,103$1,709$1,380$1,108$439
20 years$2,416$1,954$1,568$1,250$990$370
21 years$2,277$1,820$1,442$1,134$886$311
22 years$2,151$1,699$1,329$1,031$794$262
23 years$2,035$1,589$1,227$939$713$221
24 years$1,930$1,489$1,135$856$641$187
25 years$1,833$1,397$1,051$782$576$158
26 years$1,744$1,313$975$715$519$133
27 years$1,661$1,236$905$655$468$112
28 years$1,585$1,165$842$600$422$95
29 years$1,514$1,099$783$550$381$80
30 years$1,447$1,038$730$505$345$68
31 years$1,385$981$680$464$312$57
32 years$1,328$928$635$426$282$49
33 years$1,273$879$593$392$255$41
34 years$1,222$833$554$360$231$35
35 years$1,174$790$518$332$209$29
36 years$1,129$750$484$306$190$25
37 years$1,087$712$453$282$172$21
38 years$1,046$677$424$260$156$18
39 years$1,008$644$398$239$141$15
40 years$972$612$373$221$128$13
41 years$938$583$349$204$116$11
42 years$905$555$328$188$105$9
43 years$874$529$308$173$96$8
44 years$845$504$289$160$87$7
45 years$817$481$271$148$79$6
46 years$790$459$255$137$72$5
47 years$764$438$239$126$65$4
48 years$740$418$225$117$59$3
49 years$717$399$211$108$54$3
50 years$694$381$199$100$49$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $711,000, adding $2,600 every year, while hoping to spend $53,267 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: 54/24/22 Blend
52$711,000$711,000$711,000$711,000
53$786,204$748,521$737,500$823,788
54$809,721$728,523$705,531$829,884
55$833,852$705,759$670,705$830,727
56$858,602$680,039$632,871$830,515
57$883,977$651,159$591,871$829,163
58$909,982$618,904$547,537$826,582
59$936,617$583,048$499,697$822,678
60$963,885$543,351$448,170$817,349
61$991,784$499,557$392,766$810,488
62$1,020,310$451,400$333,288$801,980
63$1,049,458$398,594$269,529$791,704
64$1,079,219$340,842$201,274$779,531
65$1,109,581$277,824$128,299$765,321
66$1,140,528$209,208$50,367$748,930
67$1,172,043$134,640$0$730,201
68$1,204,099$53,746$0$716,666
69$1,236,670$0$0$713,569
70$1,269,720$0$0$717,891
71$1,303,209$0$0$736,632
72$1,337,089$0$0$755,569
73$1,371,304$0$0$774,666
74$1,405,792$0$0$793,886
75$1,440,477$0$0$813,182
76$1,475,277$0$0$832,504
77$1,510,093$0$0$851,793
78$1,544,818$0$0$870,981
79$1,579,326$0$0$889,995
80$1,613,478$0$0$908,748
81$1,647,115$0$0$927,146
82$1,680,058$0$0$945,079
83$1,712,107$0$0$962,428
84$1,743,036$0$0$979,057
85$1,772,593$0$0$994,813
86$1,800,496$0$0$1,009,526
87$1,826,429$0$0$1,023,008
88$1,850,038$0$0$1,035,046
89$1,870,932$0$0$1,045,404
90$1,888,670$0$0$1,053,819
91$1,902,765$0$0$1,059,999
92$1,912,673$0$0$1,063,618
93$1,917,791$0$0$1,064,314
94$1,917,446$0$0$1,061,686
95$1,910,893$0$0$1,055,287
96$1,897,305$0$0$1,044,623
97$1,875,763$0$0$1,029,144
98$1,845,250$0$0$1,008,243
99$1,804,636$0$0$981,245
100$1,752,671$0$0$947,403