Can I retire at age 53 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$54,007$53,526$53,056$52,598$52,151$51,844
2 years$26,736$26,238$25,755$25,288$24,834$24,524
3 years$17,647$17,147$16,666$16,202$15,756$15,453
4 years$13,103$12,605$12,128$11,673$11,237$10,943
5 years$10,378$9,882$9,412$8,966$8,542$8,259
6 years$8,561$8,070$7,606$7,170$6,759$6,486
7 years$7,265$6,777$6,321$5,895$5,497$5,234
8 years$6,292$5,809$5,361$4,945$4,560$4,308
9 years$5,537$5,058$4,617$4,212$3,840$3,599
10 years$4,932$4,458$4,025$3,631$3,272$3,041
11 years$4,438$3,969$3,544$3,160$2,814$2,593
12 years$4,027$3,562$3,145$2,772$2,439$2,228
13 years$3,679$3,219$2,810$2,447$2,127$1,926
14 years$3,381$2,926$2,525$2,172$1,864$1,673
15 years$3,123$2,673$2,279$1,937$1,641$1,459
16 years$2,897$2,453$2,067$1,735$1,451$1,278
17 years$2,699$2,259$1,881$1,558$1,286$1,122
18 years$2,522$2,087$1,717$1,404$1,144$988
19 years$2,365$1,934$1,572$1,269$1,019$872
20 years$2,223$1,797$1,442$1,149$911$771
21 years$2,095$1,674$1,327$1,043$815$683
22 years$1,978$1,563$1,223$948$730$606
23 years$1,872$1,462$1,129$864$656$538
24 years$1,775$1,370$1,044$788$589$479
25 years$1,686$1,285$967$719$530$426
26 years$1,604$1,208$897$658$478$380
27 years$1,528$1,137$833$602$431$339
28 years$1,458$1,071$774$552$389$302
29 years$1,392$1,011$720$506$351$270
30 years$1,331$954$671$464$317$241
31 years$1,274$902$626$426$287$216
32 years$1,221$854$584$392$259$193
33 years$1,171$808$545$360$235$173
34 years$1,124$766$509$332$212$154
35 years$1,080$727$476$305$192$138
36 years$1,039$690$445$281$174$124
37 years$999$655$417$259$158$111
38 years$962$623$390$239$143$99
39 years$927$592$366$220$130$89
40 years$894$563$343$203$118$80
41 years$863$536$321$187$107$72
42 years$833$511$302$173$97$64
43 years$804$487$283$160$88$58
44 years$777$464$266$147$80$52
45 years$751$442$249$136$73$46
46 years$727$422$234$126$66$41
47 years$703$403$220$116$60$37
48 years$681$384$207$107$54$33
49 years$659$367$194$99$49$30
50 years$639$351$183$92$45$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $654,000, adding $3,954 every year, while hoping to spend $29,515 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: 32/43/25 Blend
52$654,000$654,000$654,000$654,000
53$724,787$690,125$679,988$742,322
54$767,311$692,537$671,363$758,380
55$813,184$694,078$661,461$772,755
56$862,715$694,675$650,207$787,646
57$916,246$694,248$637,523$803,119
58$974,152$692,715$623,328$819,247
59$1,036,844$689,986$607,538$836,114
60$1,104,776$685,969$590,064$853,814
61$1,178,445$680,563$570,814$872,455
62$1,258,399$673,664$549,689$892,156
63$1,345,241$665,159$526,588$913,053
64$1,439,633$654,929$501,406$935,300
65$1,542,303$642,849$474,032$959,068
66$1,654,055$628,785$444,349$984,550
67$1,775,771$612,597$412,236$1,011,962
68$1,908,421$594,136$377,568$1,041,546
69$2,053,074$573,243$340,210$1,073,575
70$2,210,907$549,751$300,027$1,108,352
71$2,383,214$523,483$256,872$1,146,216
72$2,571,420$494,252$210,595$1,187,548
73$2,777,094$461,860$161,040$1,232,769
74$3,001,964$426,097$108,041$1,282,353
75$3,247,931$386,743$51,427$1,336,826
76$3,517,090$343,563$0$1,396,775
77$3,811,745$296,310$0$1,465,251
78$4,134,437$244,723$0$1,555,379
79$4,487,961$188,526$0$1,654,288
80$4,875,396$127,427$0$1,762,932
81$5,300,134$61,119$0$1,882,367
82$5,765,911$0$0$2,013,764
83$6,276,839$0$0$2,163,491
84$6,837,449$0$0$2,359,611
85$7,452,734$0$0$2,574,961
86$8,128,191$0$0$2,811,480
87$8,869,876$0$0$3,071,300
88$9,684,460$0$0$3,356,772
89$10,579,291$0$0$3,670,488
90$11,562,467$0$0$4,015,299
91$12,642,905$0$0$4,394,349
92$13,830,432$0$0$4,811,100
93$15,135,871$0$0$5,269,370
94$16,571,150$0$0$5,773,360
95$18,149,407$0$0$6,327,702
96$19,885,118$0$0$6,937,499
97$21,794,232$0$0$7,608,374
98$23,894,323$0$0$8,346,520
99$26,204,750$0$0$9,158,762
100$28,746,847$0$0$10,052,622