Can I retire at age 53 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,676$53,198$52,732$52,276$51,832$51,570
2 years$26,572$26,078$25,598$25,133$24,682$24,418
3 years$17,539$17,042$16,564$16,103$15,659$15,401
4 years$13,023$12,528$12,054$11,601$11,168$10,918
5 years$10,314$9,822$9,354$8,911$8,490$8,248
6 years$8,509$8,020$7,560$7,126$6,718$6,484
7 years$7,220$6,735$6,282$5,859$5,463$5,239
8 years$6,254$5,773$5,328$4,915$4,532$4,317
9 years$5,503$5,027$4,589$4,186$3,817$3,610
10 years$4,902$4,431$4,001$3,609$3,252$3,054
11 years$4,411$3,945$3,522$3,141$2,797$2,608
12 years$4,002$3,540$3,126$2,755$2,424$2,243
13 years$3,656$3,200$2,793$2,432$2,114$1,941
14 years$3,360$2,908$2,509$2,159$1,853$1,689
15 years$3,104$2,657$2,266$1,925$1,631$1,475
16 years$2,880$2,438$2,054$1,724$1,442$1,293
17 years$2,682$2,245$1,869$1,549$1,278$1,137
18 years$2,507$2,074$1,706$1,396$1,137$1,003
19 years$2,350$1,923$1,562$1,261$1,013$886
20 years$2,209$1,786$1,433$1,142$905$785
21 years$2,082$1,664$1,319$1,037$810$696
22 years$1,966$1,553$1,215$943$726$619
23 years$1,861$1,453$1,122$858$652$550
24 years$1,764$1,361$1,038$783$586$490
25 years$1,676$1,277$961$715$527$437
26 years$1,594$1,201$891$654$475$390
27 years$1,519$1,130$828$598$428$349
28 years$1,449$1,065$769$548$386$312
29 years$1,384$1,004$716$503$349$279
30 years$1,323$949$667$461$315$249
31 years$1,267$897$622$424$285$223
32 years$1,214$848$580$390$258$200
33 years$1,164$803$542$358$233$179
34 years$1,117$762$506$330$211$161
35 years$1,074$722$473$303$191$144
36 years$1,032$686$443$279$173$129
37 years$993$651$414$257$157$116
38 years$957$619$388$237$142$104
39 years$922$588$364$219$129$93
40 years$889$560$341$202$117$84
41 years$857$533$319$186$106$75
42 years$828$508$300$172$96$68
43 years$799$484$281$159$87$61
44 years$772$461$264$146$79$55
45 years$747$440$248$135$72$49
46 years$722$419$233$125$65$44
47 years$699$400$219$115$59$40
48 years$676$382$206$107$54$36
49 years$655$365$193$99$49$32
50 years$635$348$182$91$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $650,000, adding $3,784 every year, while hoping to spend $29,625 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: 53/31/16 Blend
52$650,000$650,000$650,000$650,000
53$720,203$685,753$675,678$755,081
54$762,143$687,834$666,793$781,427
55$807,368$689,025$656,617$806,619
56$856,182$689,249$645,075$833,370
57$908,918$688,428$632,091$861,836
58$965,944$686,477$617,582$892,190
59$1,027,662$683,306$601,463$924,625
60$1,094,516$678,820$583,645$959,353
61$1,166,993$672,919$564,033$996,611
62$1,245,629$665,495$542,531$1,036,661
63$1,331,014$656,435$519,036$1,079,795
64$1,423,795$645,618$493,442$1,126,332
65$1,524,686$632,917$465,636$1,176,632
66$1,634,471$618,197$435,502$1,231,087
67$1,754,013$601,315$402,918$1,290,137
68$1,884,263$582,120$367,756$1,354,265
69$2,026,266$560,452$329,884$1,424,009
70$2,181,172$536,141$289,162$1,499,962
71$2,350,248$509,008$245,445$1,582,781
72$2,534,887$478,863$198,581$1,673,195
73$2,736,624$445,506$148,412$1,772,007
74$2,957,148$408,725$94,772$1,880,110
75$3,198,320$368,295$37,490$1,998,486
76$3,462,186$323,979$0$2,128,227
77$3,751,003$275,528$0$2,274,572
78$4,067,252$222,676$0$2,441,910
79$4,413,669$165,144$0$2,625,340
80$4,793,265$102,637$0$2,826,524
81$5,209,355$34,844$0$3,047,298
82$5,665,593$0$0$3,289,689
83$6,166,001$0$0$3,569,086
84$6,715,010$0$0$3,888,725
85$7,317,500$0$0$4,239,568
86$7,978,847$0$0$4,624,755
87$8,704,973$0$0$5,047,742
88$9,502,400$0$0$5,512,338
89$10,378,316$0$0$6,022,739
90$11,340,634$0$0$6,583,568
91$12,398,077$0$0$7,199,917
92$13,560,250$0$0$7,877,395
93$14,837,739$0$0$8,622,183
94$16,242,204$0$0$9,441,090
95$17,786,491$0$0$10,341,619
96$19,484,754$0$0$11,332,033
97$21,352,587$0$0$12,421,441
98$23,407,171$0$0$13,619,874
99$25,667,437$0$0$14,938,388
100$28,154,240$0$0$16,389,163