Can I retire at age 53 with 651,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.4%
1 years$53,759$53,280$52,813$52,357$51,912$51,178
2 years$26,613$26,118$25,637$25,172$24,720$23,982
3 years$17,566$17,068$16,589$16,128$15,683$14,965
4 years$13,043$12,547$12,073$11,619$11,185$10,491
5 years$10,330$9,837$9,369$8,925$8,503$7,835
6 years$8,522$8,033$7,571$7,137$6,728$6,087
7 years$7,231$6,746$6,292$5,868$5,472$4,858
8 years$6,263$5,782$5,336$4,922$4,539$3,953
9 years$5,511$5,035$4,596$4,193$3,823$3,264
10 years$4,910$4,438$4,007$3,614$3,257$2,725
11 years$4,418$3,951$3,528$3,145$2,801$2,295
12 years$4,008$3,546$3,131$2,759$2,428$1,947
13 years$3,662$3,204$2,797$2,436$2,117$1,661
14 years$3,365$2,913$2,513$2,162$1,856$1,424
15 years$3,109$2,661$2,269$1,928$1,634$1,226
16 years$2,884$2,441$2,057$1,727$1,444$1,059
17 years$2,686$2,248$1,872$1,551$1,280$917
18 years$2,511$2,078$1,709$1,398$1,138$796
19 years$2,354$1,925$1,564$1,263$1,015$692
20 years$2,213$1,789$1,436$1,144$906$603
21 years$2,085$1,667$1,321$1,038$811$527
22 years$1,969$1,556$1,217$944$727$460
23 years$1,864$1,455$1,124$860$653$403
24 years$1,767$1,363$1,039$784$587$353
25 years$1,678$1,279$963$716$528$309
26 years$1,597$1,202$893$655$475$271
27 years$1,521$1,132$829$599$429$238
28 years$1,451$1,066$771$549$387$209
29 years$1,386$1,006$717$504$349$184
30 years$1,325$950$668$462$316$161
31 years$1,269$898$623$424$285$142
32 years$1,216$850$581$390$258$125
33 years$1,166$805$543$359$234$110
34 years$1,119$763$507$330$211$97
35 years$1,075$723$474$304$192$85
36 years$1,034$687$443$280$174$75
37 years$995$652$415$258$157$66
38 years$958$620$389$238$143$58
39 years$923$589$364$219$129$51
40 years$890$561$341$202$117$45
41 years$859$534$320$186$106$40
42 years$829$508$300$172$97$35
43 years$800$484$282$159$88$31
44 years$773$462$264$147$80$27
45 years$748$440$248$135$72$24
46 years$723$420$233$125$66$21
47 years$700$401$219$116$60$19
48 years$677$383$206$107$54$16
49 years$656$365$193$99$49$14
50 years$636$349$182$91$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $651,000, adding $2,940 every year, while hoping to spend $38,890 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: 51/26/23 Blend
52$651,000$651,000$651,000$651,000
53$720,435$685,932$675,841$752,411
54$752,540$678,164$657,103$767,100
55$786,617$668,712$636,434$778,856
56$822,826$657,452$613,728$790,834
57$861,341$644,254$588,874$803,074
58$902,353$628,978$561,758$815,615
59$946,074$611,478$532,257$828,509
60$992,732$591,599$500,246$841,811
61$1,042,579$569,176$465,593$855,587
62$1,095,891$544,035$428,159$869,911
63$1,152,970$515,991$387,801$884,870
64$1,214,148$484,850$344,368$900,560
65$1,279,790$450,405$297,702$917,094
66$1,350,293$412,440$247,640$934,596
67$1,426,096$370,723$194,009$953,210
68$1,507,681$325,011$136,631$973,097
69$1,595,575$275,047$75,319$994,440
70$1,690,359$220,560$9,877$1,017,444
71$1,792,670$161,262$0$1,042,341
72$1,903,208$96,849$0$1,084,106
73$2,022,743$27,003$0$1,131,861
74$2,152,121$0$0$1,183,562
75$2,292,273$0$0$1,253,543
76$2,444,219$0$0$1,337,845
77$2,609,086$0$0$1,429,373
78$2,788,108$0$0$1,528,823
79$2,982,648$0$0$1,636,956
80$3,194,200$0$0$1,754,613
81$3,424,411$0$0$1,882,718
82$3,675,092$0$0$2,022,287
83$3,948,237$0$0$2,174,439
84$4,246,038$0$0$2,340,406
85$4,570,910$0$0$2,521,543
86$4,925,510$0$0$2,719,342
87$5,312,763$0$0$2,935,446
88$5,735,888$0$0$3,171,662
89$6,198,431$0$0$3,429,982
90$6,704,294$0$0$3,712,596
91$7,257,774$0$0$4,021,920
92$7,863,602$0$0$4,360,609
93$8,526,989$0$0$4,731,591
94$9,253,673$0$0$5,138,088
95$10,049,972$0$0$5,583,650
96$10,922,845$0$0$6,072,186
97$11,879,956$0$0$6,608,001
98$12,929,746$0$0$7,195,838
99$14,081,512$0$0$7,840,919
100$15,345,497$0$0$8,548,999