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%16.8%
1 years$53,759$53,280$52,813$52,357$51,912$50,473
2 years$26,613$26,118$25,637$25,172$24,720$23,281
3 years$17,566$17,068$16,589$16,128$15,683$14,289
4 years$13,043$12,547$12,073$11,619$11,185$9,847
5 years$10,330$9,837$9,369$8,925$8,503$7,224
6 years$8,522$8,033$7,571$7,137$6,728$5,510
7 years$7,231$6,746$6,292$5,868$5,472$4,314
8 years$6,263$5,782$5,336$4,922$4,539$3,442
9 years$5,511$5,035$4,596$4,193$3,823$2,784
10 years$4,910$4,438$4,007$3,614$3,257$2,276
11 years$4,418$3,951$3,528$3,145$2,801$1,876
12 years$4,008$3,546$3,131$2,759$2,428$1,557
13 years$3,662$3,204$2,797$2,436$2,117$1,299
14 years$3,365$2,913$2,513$2,162$1,856$1,088
15 years$3,109$2,661$2,269$1,928$1,634$915
16 years$2,884$2,441$2,057$1,727$1,444$771
17 years$2,686$2,248$1,872$1,551$1,280$652
18 years$2,511$2,078$1,709$1,398$1,138$552
19 years$2,354$1,925$1,564$1,263$1,015$468
20 years$2,213$1,789$1,436$1,144$906$398
21 years$2,085$1,667$1,321$1,038$811$338
22 years$1,969$1,556$1,217$944$727$288
23 years$1,864$1,455$1,124$860$653$245
24 years$1,767$1,363$1,039$784$587$209
25 years$1,678$1,279$963$716$528$178
26 years$1,597$1,202$893$655$475$152
27 years$1,521$1,132$829$599$429$130
28 years$1,451$1,066$771$549$387$111
29 years$1,386$1,006$717$504$349$95
30 years$1,325$950$668$462$316$81
31 years$1,269$898$623$424$285$69
32 years$1,216$850$581$390$258$59
33 years$1,166$805$543$359$234$51
34 years$1,119$763$507$330$211$43
35 years$1,075$723$474$304$192$37
36 years$1,034$687$443$280$174$32
37 years$995$652$415$258$157$27
38 years$958$620$389$238$143$23
39 years$923$589$364$219$129$20
40 years$890$561$341$202$117$17
41 years$859$534$320$186$106$15
42 years$829$508$300$172$97$12
43 years$800$484$282$159$88$11
44 years$773$462$264$147$80$9
45 years$748$440$248$135$72$8
46 years$723$420$233$125$66$7
47 years$700$401$219$116$60$6
48 years$677$383$206$107$54$5
49 years$656$365$193$99$49$4
50 years$636$349$182$91$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $651,000, adding $5,476 every year, while hoping to spend $29,849 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: 64/23/13 Blend
52$651,000$651,000$651,000$651,000
53$723,050$688,547$678,457$766,776
54$765,043$690,527$669,426$798,683
55$810,317$691,604$659,092$829,567
56$859,178$691,701$647,381$862,561
57$911,959$690,738$634,212$897,870
58$969,025$688,630$619,504$935,722
59$1,030,779$685,287$603,171$976,366
60$1,097,664$680,611$585,123$1,020,080
61$1,170,166$674,502$565,265$1,067,170
62$1,248,820$666,850$543,499$1,117,973
63$1,334,215$657,541$519,721$1,172,864
64$1,426,997$646,453$493,825$1,232,254
65$1,527,880$633,458$465,696$1,296,600
66$1,637,645$618,419$435,219$1,366,406
67$1,757,155$601,191$402,268$1,442,228
68$1,887,357$581,622$366,717$1,524,680
69$2,029,296$559,550$328,430$1,614,442
70$2,184,120$534,803$287,268$1,712,264
71$2,353,092$507,201$243,084$1,818,974
72$2,537,605$476,551$195,725$1,935,486
73$2,739,189$442,651$145,030$2,062,811
74$2,959,532$405,286$90,834$2,202,064
75$3,200,490$364,231$32,963$2,354,476
76$3,464,106$319,244$0$2,521,407
77$3,752,632$270,075$0$2,708,353
78$4,068,546$216,454$0$2,918,115
79$4,414,577$158,100$0$3,147,972
80$4,793,732$94,714$0$3,399,973
81$5,209,319$25,982$0$3,676,376
82$5,664,985$0$0$3,979,671
83$6,164,745$0$0$4,324,863
84$6,713,022$0$0$4,710,827
85$7,314,686$0$0$5,134,421
86$7,975,103$0$0$5,599,429
87$8,700,183$0$0$6,110,018
88$9,496,438$0$0$6,670,780
89$10,371,040$0$0$7,286,773
90$11,331,888$0$0$7,963,567
91$12,387,688$0$0$8,707,301
92$13,548,027$0$0$9,524,736
93$14,823,471$0$0$10,423,323
94$16,225,656$0$0$11,411,268
95$17,767,405$0$0$12,497,613
96$19,462,844$0$0$13,692,321
97$21,327,538$0$0$15,006,368
98$23,378,635$0$0$16,451,846
99$25,635,027$0$0$18,042,081
100$28,117,532$0$0$19,791,751