Can I retire at age 53 with 717,000?

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 $717,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$59,209$58,682$58,167$57,665$57,175$56,767
2 years$29,311$28,766$28,237$27,724$27,226$26,815
3 years$19,347$18,799$18,271$17,763$17,273$16,871
4 years$14,366$13,819$13,297$12,797$12,319$11,930
5 years$11,378$10,834$10,319$9,829$9,365$8,989
6 years$9,386$8,847$8,339$7,861$7,410$7,048
7 years$7,964$7,430$6,930$6,463$6,027$5,679
8 years$6,898$6,369$5,877$5,421$5,000$4,666
9 years$6,070$5,545$5,062$4,618$4,210$3,891
10 years$5,407$4,888$4,413$3,981$3,587$3,282
11 years$4,866$4,351$3,885$3,464$3,085$2,794
12 years$4,415$3,905$3,448$3,039$2,674$2,395
13 years$4,033$3,529$3,081$2,683$2,331$2,067
14 years$3,707$3,208$2,768$2,381$2,044$1,792
15 years$3,424$2,931$2,499$2,124$1,800$1,560
16 years$3,177$2,689$2,266$1,902$1,590$1,363
17 years$2,959$2,476$2,062$1,709$1,410$1,195
18 years$2,765$2,288$1,882$1,540$1,254$1,050
19 years$2,592$2,121$1,723$1,391$1,118$924
20 years$2,437$1,971$1,581$1,260$998$816
21 years$2,296$1,836$1,454$1,144$893$721
22 years$2,169$1,713$1,340$1,040$801$638
23 years$2,053$1,603$1,238$947$719$566
24 years$1,946$1,501$1,145$864$646$502
25 years$1,849$1,409$1,060$789$581$446
26 years$1,758$1,324$983$721$524$396
27 years$1,675$1,246$913$660$472$353
28 years$1,598$1,174$849$605$426$314
29 years$1,526$1,108$790$555$385$280
30 years$1,460$1,046$736$509$348$249
31 years$1,397$989$686$468$314$222
32 years$1,339$936$640$430$284$198
33 years$1,284$886$598$395$257$177
34 years$1,233$840$558$364$233$158
35 years$1,184$797$522$335$211$141
36 years$1,139$756$488$308$191$126
37 years$1,096$718$457$284$173$113
38 years$1,055$683$428$262$157$101
39 years$1,017$649$401$241$142$90
40 years$980$618$376$223$129$80
41 years$946$588$352$205$117$72
42 years$913$560$331$190$106$64
43 years$882$533$310$175$97$58
44 years$852$508$291$162$88$51
45 years$824$485$273$149$80$46
46 years$797$463$257$138$72$41
47 years$771$441$241$127$66$37
48 years$746$421$227$118$60$33
49 years$723$402$213$109$54$29
50 years$700$384$200$101$49$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $717,000, adding $4,495 every year, while hoping to spend $32,550 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: 42/32/26 Blend
52$717,000$717,000$717,000$717,000
53$794,771$756,770$745,656$821,938
54$841,204$759,218$736,003$844,297
55$891,283$760,696$724,935$865,071
56$945,345$761,121$712,371$886,935
57$1,003,760$760,406$698,225$910,009
58$1,066,936$758,459$682,409$934,426
59$1,135,322$755,181$664,827$960,336
60$1,209,408$750,469$645,383$987,905
61$1,289,738$744,211$623,973$1,017,320
62$1,376,905$736,292$600,490$1,048,787
63$1,471,566$726,586$574,823$1,082,539
64$1,574,439$714,963$546,853$1,118,832
65$1,686,318$701,282$516,459$1,157,955
66$1,808,075$685,397$483,512$1,200,226
67$1,940,667$667,151$447,879$1,246,002
68$2,085,152$646,377$409,419$1,295,677
69$2,242,689$622,902$367,987$1,349,691
70$2,414,559$596,539$323,430$1,408,534
71$2,602,167$567,093$275,588$1,472,747
72$2,807,063$534,355$224,295$1,542,933
73$3,030,952$498,107$169,377$1,619,761
74$3,275,710$458,116$110,653$1,703,973
75$3,543,406$414,137$47,933$1,796,393
76$3,836,314$365,911$0$1,897,935
77$4,156,941$313,163$0$2,014,881
78$4,508,045$255,604$0$2,157,616
79$4,892,665$192,928$0$2,314,132
80$5,314,147$124,812$0$2,485,868
81$5,776,178$50,915$0$2,674,416
82$6,282,815$0$0$2,881,533
83$6,838,529$0$0$3,119,415
84$7,448,244$0$0$3,400,175
85$8,117,385$0$0$3,708,394
86$8,851,924$0$0$4,046,835
87$9,658,443$0$0$4,418,544
88$10,544,191$0$0$4,826,873
89$11,517,154$0$0$5,275,517
90$12,586,129$0$0$5,768,546
91$13,760,808$0$0$6,310,445
92$15,051,867$0$0$6,906,152
93$16,471,068$0$0$7,561,111
94$18,031,372$0$0$8,281,318
95$19,747,055$0$0$9,073,378
96$21,633,846$0$0$9,944,571
97$23,709,077$0$0$10,902,915
98$25,991,841$0$0$11,957,246
99$28,503,178$0$0$13,117,299
100$31,266,266$0$0$14,393,800