Can I retire at age 53 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$54,089$53,607$53,137$52,679$52,231$50,824
2 years$26,777$26,278$25,795$25,326$24,872$23,464
3 years$17,674$17,173$16,691$16,227$15,780$14,416
4 years$13,123$12,624$12,147$11,690$11,254$9,944
5 years$10,394$9,897$9,426$8,979$8,555$7,303
6 years$8,575$8,082$7,618$7,181$6,769$5,576
7 years$7,276$6,787$6,331$5,904$5,505$4,371
8 years$6,302$5,818$5,369$4,953$4,567$3,491
9 years$5,545$5,066$4,624$4,218$3,846$2,828
10 years$4,940$4,465$4,031$3,636$3,277$2,315
11 years$4,445$3,975$3,549$3,165$2,819$1,910
12 years$4,033$3,568$3,150$2,776$2,442$1,587
13 years$3,684$3,224$2,814$2,451$2,130$1,326
14 years$3,386$2,931$2,529$2,175$1,867$1,112
15 years$3,128$2,677$2,283$1,940$1,644$936
16 years$2,902$2,456$2,070$1,737$1,453$790
17 years$2,703$2,262$1,883$1,561$1,288$669
18 years$2,526$2,090$1,719$1,407$1,145$567
19 years$2,368$1,937$1,574$1,271$1,021$482
20 years$2,226$1,800$1,445$1,151$912$410
21 years$2,098$1,677$1,329$1,045$816$349
22 years$1,981$1,565$1,225$950$731$298
23 years$1,875$1,464$1,131$865$657$254
24 years$1,778$1,372$1,046$789$590$217
25 years$1,689$1,287$969$721$531$185
26 years$1,606$1,210$898$659$478$159
27 years$1,530$1,139$834$603$431$136
28 years$1,460$1,073$775$553$389$116
29 years$1,394$1,012$722$507$351$99
30 years$1,333$956$672$465$318$85
31 years$1,276$904$627$427$287$73
32 years$1,223$855$585$392$260$62
33 years$1,173$810$546$361$235$53
34 years$1,126$767$510$332$213$46
35 years$1,082$728$477$306$193$39
36 years$1,040$691$446$282$175$34
37 years$1,001$656$418$259$158$29
38 years$964$624$391$239$143$25
39 years$929$593$366$220$130$21
40 years$895$564$343$203$118$18
41 years$864$537$322$188$107$16
42 years$834$511$302$173$97$13
43 years$805$487$283$160$88$11
44 years$778$464$266$148$80$10
45 years$752$443$250$136$73$8
46 years$728$423$235$126$66$7
47 years$704$403$220$116$60$6
48 years$682$385$207$107$54$5
49 years$660$368$195$99$49$5
50 years$640$351$183$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $655,000, adding $3,758 every year, while hoping to spend $44,740 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: 42/32/26 Blend
52$655,000$655,000$655,000$655,000
53$725,686$690,971$680,819$750,504
54$752,103$677,226$656,023$754,915
55$779,715$661,308$628,898$755,163
56$808,597$643,062$599,316$754,562
57$838,829$622,328$567,149$753,058
58$870,500$598,931$532,258$750,597
59$903,703$572,691$494,501$747,125
60$938,541$543,414$453,727$742,584
61$975,127$510,896$409,782$736,914
62$1,013,582$474,922$362,502$730,057
63$1,054,038$435,263$311,715$721,952
64$1,096,637$391,679$257,246$712,535
65$1,141,537$343,914$198,906$701,744
66$1,188,908$291,700$136,504$689,515
67$1,238,935$234,751$69,835$675,785
68$1,291,820$172,768$0$660,489
69$1,347,785$105,433$0$643,928
70$1,407,071$32,411$0$646,375
71$1,469,941$0$0$648,437
72$1,536,683$0$0$666,551
73$1,607,612$0$0$697,972
74$1,683,073$0$0$731,447
75$1,763,443$0$0$767,147
76$1,849,134$0$0$805,264
77$1,940,599$0$0$846,004
78$2,038,334$0$0$889,596
79$2,142,881$0$0$936,289
80$2,254,836$0$0$986,357
81$2,374,852$0$0$1,040,101
82$2,503,645$0$0$1,097,851
83$2,642,002$0$0$1,159,968
84$2,790,785$0$0$1,226,851
85$2,950,941$0$0$1,298,936
86$3,123,512$0$0$1,376,702
87$3,309,640$0$0$1,460,676
88$3,510,580$0$0$1,551,438
89$3,727,712$0$0$1,649,623
90$3,962,551$0$0$1,755,931
91$4,216,764$0$0$1,871,131
92$4,492,183$0$0$1,996,068
93$4,790,822$0$0$2,131,673
94$5,114,895$0$0$2,278,967
95$5,466,840$0$0$2,439,076
96$5,849,335$0$0$2,613,237
97$6,265,328$0$0$2,802,812
98$6,718,063$0$0$3,009,300
99$7,211,106$0$0$3,234,347
100$7,748,387$0$0$3,479,770