Can I retire at age 53 with 654,000?

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 $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%17.9%
1 years$54,007$53,526$53,056$52,598$52,151$50,481
2 years$26,736$26,238$25,755$25,288$24,834$23,167
3 years$17,647$17,147$16,666$16,202$15,756$14,144
4 years$13,103$12,605$12,128$11,673$11,237$9,693
5 years$10,378$9,882$9,412$8,966$8,542$7,070
6 years$8,561$8,070$7,606$7,170$6,759$5,360
7 years$7,265$6,777$6,321$5,895$5,497$4,171
8 years$6,292$5,809$5,361$4,945$4,560$3,306
9 years$5,537$5,058$4,617$4,212$3,840$2,656
10 years$4,932$4,458$4,025$3,631$3,272$2,157
11 years$4,438$3,969$3,544$3,160$2,814$1,765
12 years$4,027$3,562$3,145$2,772$2,439$1,454
13 years$3,679$3,219$2,810$2,447$2,127$1,204
14 years$3,381$2,926$2,525$2,172$1,864$1,001
15 years$3,123$2,673$2,279$1,937$1,641$835
16 years$2,897$2,453$2,067$1,735$1,451$698
17 years$2,699$2,259$1,881$1,558$1,286$585
18 years$2,522$2,087$1,717$1,404$1,144$492
19 years$2,365$1,934$1,572$1,269$1,019$414
20 years$2,223$1,797$1,442$1,149$911$348
21 years$2,095$1,674$1,327$1,043$815$294
22 years$1,978$1,563$1,223$948$730$248
23 years$1,872$1,462$1,129$864$656$209
24 years$1,775$1,370$1,044$788$589$177
25 years$1,686$1,285$967$719$530$150
26 years$1,604$1,208$897$658$478$127
27 years$1,528$1,137$833$602$431$107
28 years$1,458$1,071$774$552$389$91
29 years$1,392$1,011$720$506$351$77
30 years$1,331$954$671$464$317$65
31 years$1,274$902$626$426$287$55
32 years$1,221$854$584$392$259$47
33 years$1,171$808$545$360$235$40
34 years$1,124$766$509$332$212$34
35 years$1,080$727$476$305$192$28
36 years$1,039$690$445$281$174$24
37 years$999$655$417$259$158$20
38 years$962$623$390$239$143$17
39 years$927$592$366$220$130$15
40 years$894$563$343$203$118$12
41 years$863$536$321$187$107$11
42 years$833$511$302$173$97$9
43 years$804$487$283$160$88$8
44 years$777$464$266$147$80$6
45 years$751$442$249$136$73$5
46 years$727$422$234$126$66$5
47 years$703$403$220$116$60$4
48 years$681$384$207$107$54$3
49 years$659$367$194$99$49$3
50 years$639$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $654,000, adding $3,256 every year, while hoping to spend $40,563 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: 46/37/17 Blend
52$654,000$654,000$654,000$654,000
53$724,067$689,405$679,268$753,729
54$754,763$680,027$658,864$765,355
55$787,230$668,830$636,418$773,621
56$821,607$655,682$611,818$781,721
57$858,044$640,443$584,946$789,658
58$896,705$622,966$555,683$797,437
59$937,771$603,093$523,900$805,066
60$981,438$580,659$489,465$812,556
61$1,027,922$555,488$452,239$819,925
62$1,077,457$527,394$412,077$827,195
63$1,130,303$496,182$368,826$834,394
64$1,186,742$461,643$322,330$841,556
65$1,247,084$423,558$272,422$848,725
66$1,311,669$381,694$218,931$855,953
67$1,380,868$335,807$161,674$863,301
68$1,455,092$285,636$100,465$870,844
69$1,534,787$230,908$35,107$878,667
70$1,620,447$171,334$0$886,872
71$1,712,611$106,608$0$901,861
72$1,811,873$36,407$0$924,689
73$1,918,883$0$0$949,181
74$2,034,357$0$0$991,686
75$2,159,082$0$0$1,053,665
76$2,293,922$0$0$1,120,732
77$2,439,825$0$0$1,193,367
78$2,597,836$0$0$1,272,098
79$2,769,103$0$0$1,357,506
80$2,954,886$0$0$1,450,227
81$3,156,575$0$0$1,550,966
82$3,375,695$0$0$1,660,494
83$3,613,925$0$0$1,779,660
84$3,873,113$0$0$1,909,400
85$4,155,292$0$0$2,050,742
86$4,462,696$0$0$2,204,818
87$4,797,788$0$0$2,372,875
88$5,163,277$0$0$2,556,283
89$5,562,143$0$0$2,756,551
90$5,997,667$0$0$2,975,343
91$6,473,463$0$0$3,214,486
92$6,993,508$0$0$3,475,995
93$7,562,179$0$0$3,762,087
94$8,184,297$0$0$4,075,205
95$8,865,171$0$0$4,418,036
96$9,610,646$0$0$4,793,541
97$10,427,158$0$0$5,204,981
98$11,321,795$0$0$5,655,947
99$12,302,363$0$0$6,150,393
100$13,377,461$0$0$6,692,675