Can I retire at age 53 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,924$53,444$52,975$52,518$52,071$50,648
2 years$26,695$26,198$25,716$25,249$24,796$23,372
3 years$17,620$17,121$16,640$16,177$15,731$14,352
4 years$13,083$12,585$12,110$11,655$11,220$9,896
5 years$10,362$9,867$9,398$8,952$8,529$7,263
6 years$8,548$8,057$7,595$7,159$6,749$5,543
7 years$7,253$6,766$6,311$5,886$5,489$4,342
8 years$6,283$5,800$5,352$4,937$4,553$3,466
9 years$5,528$5,050$4,610$4,206$3,835$2,806
10 years$4,925$4,451$4,019$3,625$3,267$2,295
11 years$4,431$3,963$3,538$3,155$2,810$1,893
12 years$4,021$3,557$3,140$2,767$2,435$1,572
13 years$3,673$3,214$2,806$2,443$2,123$1,312
14 years$3,376$2,922$2,521$2,169$1,861$1,100
15 years$3,118$2,669$2,276$1,934$1,639$925
16 years$2,893$2,449$2,063$1,732$1,448$781
17 years$2,695$2,255$1,878$1,556$1,284$660
18 years$2,518$2,084$1,714$1,402$1,142$560
19 years$2,361$1,931$1,569$1,267$1,018$475
20 years$2,219$1,795$1,440$1,148$909$404
21 years$2,091$1,672$1,325$1,042$814$344
22 years$1,975$1,560$1,221$947$729$293
23 years$1,869$1,459$1,127$862$655$250
24 years$1,773$1,367$1,042$787$588$213
25 years$1,684$1,283$966$718$529$182
26 years$1,602$1,206$896$657$477$155
27 years$1,526$1,135$832$601$430$133
28 years$1,455$1,070$773$551$388$114
29 years$1,390$1,009$719$505$350$97
30 years$1,329$953$670$464$317$83
31 years$1,272$901$625$426$286$71
32 years$1,219$852$583$391$259$61
33 years$1,169$807$544$360$234$52
34 years$1,123$765$508$331$212$45
35 years$1,079$726$475$305$192$38
36 years$1,037$689$445$281$174$33
37 years$998$654$416$259$158$28
38 years$961$622$390$238$143$24
39 years$926$591$365$220$130$21
40 years$893$562$342$203$118$18
41 years$861$535$321$187$107$15
42 years$831$510$301$173$97$13
43 years$803$486$283$159$88$11
44 years$776$463$265$147$80$9
45 years$750$442$249$136$72$8
46 years$725$421$234$126$66$7
47 years$702$402$220$116$60$6
48 years$680$384$206$107$54$5
49 years$658$366$194$99$49$4
50 years$638$350$182$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $653,000, adding $6,193 every year, while hoping to spend $43,453 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: 68/12/20 Blend
52$653,000$653,000$653,000$653,000
53$725,994$691,385$681,264$771,356
54$753,812$679,029$657,852$790,119
55$783,011$664,612$632,200$805,002
56$813,685$647,985$604,187$820,228
57$845,940$628,995$573,685$835,830
58$879,885$607,475$540,563$851,843
59$915,645$583,253$504,683$868,309
60$953,351$556,143$465,901$885,275
61$993,149$525,950$424,065$902,794
62$1,035,197$492,468$379,018$920,925
63$1,079,667$455,480$330,595$939,737
64$1,126,748$414,753$278,625$959,307
65$1,176,646$370,045$222,928$979,720
66$1,229,584$321,098$163,317$1,001,075
67$1,285,809$267,639$99,595$1,023,481
68$1,345,590$209,382$31,560$1,047,060
69$1,409,220$146,021$0$1,071,951
70$1,477,021$77,237$0$1,107,069
71$1,549,346$2,690$0$1,151,584
72$1,626,581$0$0$1,198,998
73$1,709,148$0$0$1,259,878
74$1,797,512$0$0$1,325,436
75$1,892,181$0$0$1,395,699
76$1,993,713$0$0$1,471,082
77$2,102,720$0$0$1,552,046
78$2,219,873$0$0$1,639,091
79$2,345,910$0$0$1,732,770
80$2,481,641$0$0$1,833,689
81$2,627,955$0$0$1,942,513
82$2,785,828$0$0$2,059,973
83$2,956,333$0$0$2,186,873
84$3,140,650$0$0$2,324,095
85$3,340,075$0$0$2,472,611
86$3,556,032$0$0$2,633,485
87$3,790,087$0$0$2,807,892
88$4,043,963$0$0$2,997,121
89$4,319,555$0$0$3,202,591
90$4,618,944$0$0$3,425,860
91$4,944,423$0$0$3,668,646
92$5,298,513$0$0$3,932,837
93$5,683,988$0$0$4,220,510
94$6,103,899$0$0$4,533,951
95$6,561,606$0$0$4,875,676
96$7,060,804$0$0$5,248,454
97$7,605,564$0$0$5,655,332
98$8,200,362$0$0$6,099,665
99$8,850,129$0$0$6,585,146
100$9,560,293$0$0$7,115,840