Can I retire at age 53 with 656,000?

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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$54,172$53,689$53,219$52,759$52,310$51,829
2 years$26,818$26,318$25,834$25,365$24,910$24,425
3 years$17,701$17,199$16,716$16,252$15,804$15,330
4 years$13,143$12,643$12,165$11,708$11,271$10,813
5 years$10,410$9,913$9,441$8,993$8,568$8,126
6 years$8,588$8,094$7,630$7,192$6,780$6,354
7 years$7,287$6,798$6,340$5,913$5,514$5,106
8 years$6,312$5,827$5,377$4,960$4,574$4,183
9 years$5,553$5,073$4,631$4,225$3,852$3,478
10 years$4,947$4,472$4,038$3,642$3,282$2,925
11 years$4,452$3,981$3,555$3,170$2,823$2,482
12 years$4,039$3,573$3,155$2,780$2,446$2,122
13 years$3,690$3,229$2,818$2,454$2,133$1,824
14 years$3,391$2,935$2,532$2,179$1,870$1,577
15 years$3,133$2,681$2,286$1,943$1,646$1,368
16 years$2,906$2,460$2,073$1,740$1,455$1,191
17 years$2,707$2,266$1,886$1,563$1,290$1,040
18 years$2,530$2,094$1,722$1,409$1,147$911
19 years$2,372$1,940$1,576$1,273$1,023$799
20 years$2,230$1,803$1,447$1,153$913$703
21 years$2,101$1,679$1,331$1,046$817$619
22 years$1,984$1,568$1,226$951$733$546
23 years$1,878$1,466$1,132$866$658$482
24 years$1,781$1,374$1,047$790$591$426
25 years$1,691$1,289$970$722$532$377
26 years$1,609$1,212$900$660$479$334
27 years$1,533$1,140$835$604$432$296
28 years$1,462$1,074$777$553$390$262
29 years$1,396$1,014$723$507$352$233
30 years$1,335$957$673$466$318$207
31 years$1,278$905$628$428$288$183
32 years$1,225$856$586$393$260$163
33 years$1,175$811$547$361$235$145
34 years$1,128$769$511$333$213$129
35 years$1,084$729$478$306$193$115
36 years$1,042$692$447$282$175$102
37 years$1,003$657$418$260$158$91
38 years$965$625$392$239$144$81
39 years$930$594$367$221$130$72
40 years$897$565$344$204$118$64
41 years$865$538$322$188$107$57
42 years$835$512$302$173$97$51
43 years$807$488$284$160$88$45
44 years$779$465$266$148$80$40
45 years$754$444$250$137$73$36
46 years$729$423$235$126$66$32
47 years$705$404$221$116$60$28
48 years$683$386$207$108$54$25
49 years$661$368$195$99$49$23
50 years$640$352$183$92$45$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $656,000, adding $4,131 every year, while hoping to spend $43,027 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: 54/16/30 Blend
52$656,000$656,000$656,000$656,000
53$727,173$692,405$682,237$760,156
54$755,564$680,553$659,312$771,605
55$785,409$666,677$634,176$779,349
56$816,811$650,634$606,711$786,936
57$849,882$632,271$576,792$794,369
58$884,743$611,425$544,287$801,652
59$921,527$587,926$509,061$808,795
60$960,379$561,590$470,971$815,808
61$1,001,457$532,228$429,868$822,707
62$1,044,933$499,635$385,596$829,513
63$1,090,996$463,596$337,993$836,251
64$1,139,850$423,885$286,889$842,952
65$1,191,722$380,262$232,106$849,656
66$1,246,856$332,474$173,460$856,409
67$1,305,521$280,251$110,757$863,266
68$1,368,012$223,311$43,795$870,293
69$1,434,651$161,355$0$877,565
70$1,505,790$94,066$0$894,027
71$1,581,818$21,112$0$926,463
72$1,663,156$0$0$961,032
73$1,750,272$0$0$1,008,135
74$1,843,673$0$0$1,062,664
75$1,943,920$0$0$1,121,233
76$2,051,626$0$0$1,184,206
77$2,167,465$0$0$1,251,984
78$2,292,176$0$0$1,325,006
79$2,426,573$0$0$1,403,754
80$2,571,546$0$0$1,488,757
81$2,728,077$0$0$1,580,597
82$2,897,243$0$0$1,679,915
83$3,080,227$0$0$1,787,414
84$3,278,330$0$0$1,903,866
85$3,492,984$0$0$2,030,121
86$3,725,760$0$0$2,167,115
87$3,978,389$0$0$2,315,874
88$4,252,773$0$0$2,477,529
89$4,551,005$0$0$2,653,325
90$4,875,387$0$0$2,844,629
91$5,228,451$0$0$3,052,947
92$5,612,985$0$0$3,279,936
93$6,032,055$0$0$3,527,419
94$6,489,036$0$0$3,797,402
95$6,987,644$0$0$4,092,094
96$7,531,966$0$0$4,413,927
97$8,126,504$0$0$4,765,576
98$8,776,212$0$0$5,149,989
99$9,486,546$0$0$5,570,409
100$10,263,512$0$0$6,030,408