Can I retire at age 53 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$54,254$53,771$53,300$52,839$52,390$51,501
2 years$26,859$26,358$25,874$25,404$24,948$24,055
3 years$17,728$17,226$16,742$16,276$15,828$14,959
4 years$13,163$12,663$12,184$11,726$11,289$10,450
5 years$10,425$9,928$9,455$9,007$8,581$7,776
6 years$8,601$8,107$7,641$7,203$6,790$6,019
7 years$7,298$6,808$6,350$5,922$5,522$4,785
8 years$6,321$5,836$5,385$4,968$4,581$3,878
9 years$5,562$5,081$4,638$4,231$3,858$3,188
10 years$4,955$4,479$4,044$3,647$3,287$2,650
11 years$4,459$3,987$3,560$3,174$2,827$2,223
12 years$4,045$3,579$3,159$2,784$2,450$1,877
13 years$3,696$3,234$2,823$2,458$2,136$1,594
14 years$3,396$2,940$2,536$2,182$1,873$1,360
15 years$3,137$2,685$2,290$1,946$1,649$1,165
16 years$2,911$2,464$2,076$1,742$1,457$1,001
17 years$2,711$2,269$1,889$1,566$1,292$863
18 years$2,534$2,097$1,725$1,411$1,149$745
19 years$2,375$1,943$1,579$1,275$1,024$645
20 years$2,233$1,806$1,449$1,155$915$559
21 years$2,104$1,682$1,333$1,048$819$485
22 years$1,987$1,570$1,228$953$734$422
23 years$1,881$1,468$1,134$868$659$367
24 years$1,783$1,376$1,049$791$592$320
25 years$1,694$1,291$971$723$533$279
26 years$1,611$1,213$901$661$480$243
27 years$1,535$1,142$837$605$433$212
28 years$1,464$1,076$778$554$390$185
29 years$1,399$1,015$724$508$352$162
30 years$1,337$959$674$466$318$142
31 years$1,280$906$629$428$288$124
32 years$1,227$858$586$394$260$108
33 years$1,177$812$548$362$236$95
34 years$1,130$770$512$333$213$83
35 years$1,085$730$478$307$193$73
36 years$1,043$693$447$282$175$63
37 years$1,004$658$419$260$159$56
38 years$967$625$392$240$144$49
39 years$932$595$367$221$131$43
40 years$898$566$344$204$118$37
41 years$867$539$323$188$107$33
42 years$836$513$303$174$97$29
43 years$808$489$284$160$88$25
44 years$781$466$267$148$80$22
45 years$755$444$251$137$73$19
46 years$730$424$235$126$66$17
47 years$706$404$221$117$60$15
48 years$684$386$208$108$55$13
49 years$662$369$195$100$50$11
50 years$641$352$184$92$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $657,000, adding $4,941 every year, while hoping to spend $52,989 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: 72/18/10 Blend
52$657,000$657,000$657,000$657,000
53$729,111$694,290$684,106$779,867
54$747,100$671,930$650,644$791,724
55$765,148$646,699$614,285$797,674
56$783,206$618,399$574,875$802,742
57$801,215$586,823$532,256$806,826
58$819,113$551,751$486,260$809,818
59$836,825$512,950$436,713$811,596
60$854,271$470,174$383,432$812,032
61$871,356$423,162$326,227$810,983
62$887,978$371,640$264,899$808,293
63$904,019$315,318$199,240$803,795
64$919,348$253,888$129,034$797,304
65$933,819$187,026$54,054$788,619
66$947,268$114,390$0$777,522
67$959,513$35,618$0$766,544
68$970,348$0$0$758,990
69$979,547$0$0$758,668
70$986,857$0$0$763,883
71$991,994$0$0$767,357
72$994,647$0$0$768,841
73$994,467$0$0$768,057
74$991,067$0$0$764,698
75$984,018$0$0$758,423
76$972,844$0$0$748,853
77$957,016$0$0$735,568
78$935,949$0$0$718,105
79$908,996$0$0$695,946
80$875,436$0$0$668,522
81$834,476$0$0$635,201
82$785,235$0$0$595,284
83$726,739$0$0$547,996
84$657,910$0$0$492,483
85$577,558$0$0$427,799
86$484,366$0$0$352,897
87$376,876$0$0$266,620
88$253,480$0$0$167,692
89$112,401$0$0$54,701
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0