Can I retire at age 53 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$53,759$53,280$52,813$52,357$51,912$51,242
2 years$26,613$26,118$25,637$25,172$24,720$24,046
3 years$17,566$17,068$16,589$16,128$15,683$15,026
4 years$13,043$12,547$12,073$11,619$11,185$10,550
5 years$10,330$9,837$9,369$8,925$8,503$7,892
6 years$8,522$8,033$7,571$7,137$6,728$6,141
7 years$7,231$6,746$6,292$5,868$5,472$4,910
8 years$6,263$5,782$5,336$4,922$4,539$4,002
9 years$5,511$5,035$4,596$4,193$3,823$3,310
10 years$4,910$4,438$4,007$3,614$3,257$2,768
11 years$4,418$3,951$3,528$3,145$2,801$2,336
12 years$4,008$3,546$3,131$2,759$2,428$1,986
13 years$3,662$3,204$2,797$2,436$2,117$1,697
14 years$3,365$2,913$2,513$2,162$1,856$1,458
15 years$3,109$2,661$2,269$1,928$1,634$1,258
16 years$2,884$2,441$2,057$1,727$1,444$1,088
17 years$2,686$2,248$1,872$1,551$1,280$945
18 years$2,511$2,078$1,709$1,398$1,138$822
19 years$2,354$1,925$1,564$1,263$1,015$716
20 years$2,213$1,789$1,436$1,144$906$626
21 years$2,085$1,667$1,321$1,038$811$547
22 years$1,969$1,556$1,217$944$727$479
23 years$1,864$1,455$1,124$860$653$420
24 years$1,767$1,363$1,039$784$587$369
25 years$1,678$1,279$963$716$528$324
26 years$1,597$1,202$893$655$475$285
27 years$1,521$1,132$829$599$429$251
28 years$1,451$1,066$771$549$387$221
29 years$1,386$1,006$717$504$349$194
30 years$1,325$950$668$462$316$171
31 years$1,269$898$623$424$285$151
32 years$1,216$850$581$390$258$133
33 years$1,166$805$543$359$234$118
34 years$1,119$763$507$330$211$104
35 years$1,075$723$474$304$192$92
36 years$1,034$687$443$280$174$81
37 years$995$652$415$258$157$71
38 years$958$620$389$238$143$63
39 years$923$589$364$219$129$56
40 years$890$561$341$202$117$49
41 years$859$534$320$186$106$43
42 years$829$508$300$172$97$38
43 years$800$484$282$159$88$34
44 years$773$462$264$147$80$30
45 years$748$440$248$135$72$26
46 years$723$420$233$125$66$23
47 years$700$401$219$116$60$21
48 years$677$383$206$107$54$18
49 years$656$365$193$99$49$16
50 years$636$349$182$91$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $651,000, adding $4,640 every year, while hoping to spend $43,661 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: 67/18/15 Blend
52$651,000$651,000$651,000$651,000
53$722,188$687,685$677,595$767,720
54$749,396$674,927$653,839$785,928
55$777,917$660,080$627,824$800,270
56$807,836$642,996$599,429$814,857
57$839,251$623,518$568,525$829,711
58$872,264$601,480$534,980$844,856
59$906,987$576,705$498,654$860,321
60$943,544$549,007$459,403$876,138
61$982,067$518,190$417,074$892,344
62$1,022,701$484,045$371,510$908,984
63$1,065,604$446,350$322,543$926,107
64$1,110,949$404,875$270,001$943,769
65$1,158,923$359,372$213,704$962,036
66$1,209,733$309,580$153,463$980,979
67$1,263,602$255,226$89,080$1,000,683
68$1,320,776$196,019$20,351$1,021,243
69$1,381,522$131,651$0$1,042,764
70$1,446,135$61,799$0$1,073,850
71$1,514,935$0$0$1,110,183
72$1,588,272$0$0$1,151,442
73$1,666,533$0$0$1,208,556
74$1,750,139$0$0$1,269,595
75$1,839,552$0$0$1,334,900
76$1,935,278$0$0$1,404,844
77$2,037,872$0$0$1,479,836
78$2,147,945$0$0$1,560,326
79$2,266,166$0$0$1,646,807
80$2,393,267$0$0$1,739,820
81$2,530,055$0$0$1,839,958
82$2,677,415$0$0$1,947,875
83$2,836,318$0$0$2,064,287
84$3,007,832$0$0$2,189,982
85$3,193,130$0$0$2,325,824
86$3,393,502$0$0$2,472,765
87$3,610,363$0$0$2,631,850
88$3,845,273$0$0$2,804,227
89$4,099,942$0$0$2,991,160
90$4,376,255$0$0$3,194,040
91$4,676,283$0$0$3,414,393
92$5,002,303$0$0$3,653,900
93$5,356,823$0$0$3,914,412
94$5,742,598$0$0$4,197,962
95$6,162,663$0$0$4,506,789
96$6,620,355$0$0$4,843,356
97$7,119,349$0$0$5,210,374
98$7,663,687$0$0$5,610,828
99$8,257,820$0$0$6,048,001
100$8,906,646$0$0$6,525,509