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%18.4%
1 years$53,676$53,198$52,732$52,276$51,832$50,073
2 years$26,572$26,078$25,598$25,133$24,682$22,927
3 years$17,539$17,042$16,564$16,103$15,659$13,964
4 years$13,023$12,528$12,054$11,601$11,168$9,546
5 years$10,314$9,822$9,354$8,911$8,490$6,944
6 years$8,509$8,020$7,560$7,126$6,718$5,250
7 years$7,220$6,735$6,282$5,859$5,463$4,073
8 years$6,254$5,773$5,328$4,915$4,532$3,219
9 years$5,503$5,027$4,589$4,186$3,817$2,579
10 years$4,902$4,431$4,001$3,609$3,252$2,087
11 years$4,411$3,945$3,522$3,141$2,797$1,703
12 years$4,002$3,540$3,126$2,755$2,424$1,398
13 years$3,656$3,200$2,793$2,432$2,114$1,154
14 years$3,360$2,908$2,509$2,159$1,853$956
15 years$3,104$2,657$2,266$1,925$1,631$794
16 years$2,880$2,438$2,054$1,724$1,442$662
17 years$2,682$2,245$1,869$1,549$1,278$553
18 years$2,507$2,074$1,706$1,396$1,137$463
19 years$2,350$1,923$1,562$1,261$1,013$388
20 years$2,209$1,786$1,433$1,142$905$325
21 years$2,082$1,664$1,319$1,037$810$273
22 years$1,966$1,553$1,215$943$726$230
23 years$1,861$1,453$1,122$858$652$193
24 years$1,764$1,361$1,038$783$586$163
25 years$1,676$1,277$961$715$527$137
26 years$1,594$1,201$891$654$475$116
27 years$1,519$1,130$828$598$428$97
28 years$1,449$1,065$769$548$386$82
29 years$1,384$1,004$716$503$349$69
30 years$1,323$949$667$461$315$58
31 years$1,267$897$622$424$285$49
32 years$1,214$848$580$390$258$42
33 years$1,164$803$542$358$233$35
34 years$1,117$762$506$330$211$30
35 years$1,074$722$473$303$191$25
36 years$1,032$686$443$279$173$21
37 years$993$651$414$257$157$18
38 years$957$619$388$237$142$15
39 years$922$588$364$219$129$13
40 years$889$560$341$202$117$11
41 years$857$533$319$186$106$9
42 years$828$508$300$172$96$8
43 years$799$484$281$159$87$6
44 years$772$461$264$146$79$5
45 years$747$440$248$135$72$5
46 years$722$419$233$125$65$4
47 years$699$400$219$115$59$3
48 years$676$382$206$107$54$3
49 years$655$365$193$99$49$2
50 years$635$348$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $650,000, adding $2,458 every year, while hoping to spend $36,732 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: 23/49/28 Blend
52$650,000$650,000$650,000$650,000
53$718,835$684,385$674,310$728,965
54$753,074$678,838$657,817$732,385
55$789,574$671,787$639,540$732,793
56$828,527$663,121$619,382$732,450
57$870,143$652,721$597,237$731,319
58$914,653$640,459$573,000$729,361
59$962,310$626,204$546,558$726,539
60$1,013,389$609,812$517,791$722,818
61$1,068,196$591,134$486,579$718,160
62$1,127,064$570,011$452,791$712,533
63$1,190,358$546,275$416,293$705,903
64$1,258,481$519,749$376,945$698,241
65$1,331,874$490,245$334,600$689,519
66$1,411,021$457,562$289,105$679,714
67$1,496,455$421,493$240,300$668,806
68$1,588,761$381,813$188,018$656,782
69$1,688,581$338,289$132,083$643,632
70$1,796,623$290,672$72,315$629,356
71$1,913,663$238,699$8,521$613,961
72$2,040,556$182,094$0$597,464
73$2,178,239$120,564$0$597,685
74$2,327,748$53,799$0$600,746
75$2,490,217$0$0$604,217
76$2,666,896$0$0$618,227
77$2,859,162$0$0$665,140
78$3,068,525$0$0$716,330
79$3,296,653$0$0$772,217
80$3,545,376$0$0$833,262
81$3,816,712$0$0$899,977
82$4,112,880$0$0$972,920
83$4,436,323$0$0$1,052,710
84$4,789,731$0$0$1,140,025
85$5,176,065$0$0$1,235,615
86$5,598,585$0$0$1,340,304
87$6,060,881$0$0$1,454,998
88$6,566,906$0$0$1,580,697
89$7,121,011$0$0$1,718,502
90$7,727,989$0$0$1,869,626
91$8,393,120$0$0$2,035,403
92$9,122,215$0$0$2,217,304
93$9,921,677$0$0$2,416,949
94$10,798,558$0$0$2,636,123
95$11,760,624$0$0$2,876,790
96$12,816,431$0$0$3,141,117
97$13,975,400$0$0$3,431,488
98$15,247,913$0$0$3,750,532
99$16,645,403$0$0$4,101,142
100$18,180,467$0$0$4,486,509