Can I retire at age 53 with 715,000?

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 $715,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$59,044$58,518$58,005$57,504$57,015$56,209
2 years$29,230$28,685$28,158$27,646$27,150$26,340
3 years$19,293$18,746$18,220$17,713$17,225$16,436
4 years$14,325$13,780$13,259$12,761$12,285$11,523
5 years$11,346$10,804$10,290$9,802$9,339$8,605
6 years$9,360$8,822$8,316$7,839$7,390$6,686
7 years$7,942$7,409$6,910$6,445$6,010$5,336
8 years$6,879$6,351$5,861$5,406$4,986$4,342
9 years$6,053$5,530$5,048$4,605$4,199$3,585
10 years$5,392$4,874$4,401$3,969$3,577$2,993
11 years$4,852$4,339$3,874$3,455$3,077$2,521
12 years$4,402$3,895$3,438$3,030$2,666$2,138
13 years$4,022$3,519$3,072$2,675$2,325$1,825
14 years$3,696$3,199$2,760$2,375$2,038$1,564
15 years$3,414$2,922$2,492$2,118$1,794$1,346
16 years$3,168$2,681$2,259$1,896$1,586$1,163
17 years$2,950$2,469$2,056$1,704$1,406$1,007
18 years$2,757$2,282$1,877$1,535$1,250$874
19 years$2,585$2,115$1,718$1,387$1,114$760
20 years$2,430$1,965$1,577$1,257$995$663
21 years$2,290$1,830$1,450$1,140$891$578
22 years$2,163$1,709$1,337$1,037$799$505
23 years$2,047$1,598$1,234$944$717$442
24 years$1,941$1,497$1,141$861$644$387
25 years$1,843$1,405$1,057$787$580$339
26 years$1,754$1,321$981$719$522$298
27 years$1,671$1,243$911$658$471$261
28 years$1,594$1,171$846$603$425$230
29 years$1,522$1,105$788$553$384$202
30 years$1,455$1,043$734$508$347$177
31 years$1,393$986$684$466$313$156
32 years$1,335$933$638$428$283$137
33 years$1,280$884$596$394$257$121
34 years$1,229$838$557$363$232$106
35 years$1,181$795$521$334$210$94
36 years$1,136$754$487$307$191$82
37 years$1,093$716$456$283$173$73
38 years$1,052$681$427$261$157$64
39 years$1,014$647$400$241$142$56
40 years$978$616$375$222$129$50
41 years$943$586$351$205$117$44
42 years$910$558$330$189$106$38
43 years$879$532$309$174$96$34
44 years$850$507$290$161$87$30
45 years$821$484$273$149$79$26
46 years$794$461$256$137$72$23
47 years$769$440$241$127$65$20
48 years$744$420$226$117$59$18
49 years$721$401$213$108$54$16
50 years$698$383$200$100$49$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $715,000, adding $4,002 every year, while hoping to spend $50,552 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: 59/29/12 Blend
52$715,000$715,000$715,000$715,000
53$792,058$754,163$743,081$836,237
54$819,061$737,330$714,187$849,631
55$847,124$717,978$682,631$858,209
56$876,302$695,930$648,270$866,349
57$906,653$670,999$610,956$874,012
58$938,241$642,987$570,531$881,160
59$971,132$611,684$526,835$887,754
60$1,005,400$576,869$479,696$893,752
61$1,041,122$538,307$428,938$899,112
62$1,078,383$495,751$374,374$903,790
63$1,117,273$448,937$315,810$907,742
64$1,157,890$397,591$253,045$910,922
65$1,200,340$341,417$185,867$913,283
66$1,244,736$280,109$114,055$914,779
67$1,291,203$213,338$37,380$915,361
68$1,339,873$140,759$0$914,983
69$1,390,893$62,009$0$919,288
70$1,444,418$0$0$928,015
71$1,500,621$0$0$943,795
72$1,559,685$0$0$981,193
73$1,621,813$0$0$1,020,552
74$1,687,224$0$0$1,062,012
75$1,756,156$0$0$1,105,728
76$1,828,870$0$0$1,151,869
77$1,905,648$0$0$1,200,616
78$1,986,800$0$0$1,252,170
79$2,072,663$0$0$1,306,748
80$2,163,605$0$0$1,364,590
81$2,260,029$0$0$1,425,955
82$2,362,373$0$0$1,491,128
83$2,471,119$0$0$1,560,420
84$2,586,792$0$0$1,634,172
85$2,709,968$0$0$1,712,756
86$2,841,277$0$0$1,796,580
87$2,981,408$0$0$1,886,091
88$3,131,117$0$0$1,981,780
89$3,291,234$0$0$2,084,183
90$3,462,665$0$0$2,193,889
91$3,646,409$0$0$2,311,545
92$3,843,556$0$0$2,437,859
93$4,055,306$0$0$2,573,609
94$4,282,976$0$0$2,719,649
95$4,528,010$0$0$2,876,916
96$4,791,995$0$0$3,046,440
97$5,076,674$0$0$3,229,352
98$5,383,960$0$0$3,426,894
99$5,715,958$0$0$3,640,432
100$6,074,978$0$0$3,871,467