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%16.9%
1 years$54,254$53,771$53,300$52,839$52,390$50,917
2 years$26,859$26,358$25,874$25,404$24,948$23,475
3 years$17,728$17,226$16,742$16,276$15,828$14,401
4 years$13,163$12,663$12,184$11,726$11,289$9,919
5 years$10,425$9,928$9,455$9,007$8,581$7,273
6 years$8,601$8,107$7,641$7,203$6,790$5,544
7 years$7,298$6,808$6,350$5,922$5,522$4,339
8 years$6,321$5,836$5,385$4,968$4,581$3,459
9 years$5,562$5,081$4,638$4,231$3,858$2,797
10 years$4,955$4,479$4,044$3,647$3,287$2,285
11 years$4,459$3,987$3,560$3,174$2,827$1,882
12 years$4,045$3,579$3,159$2,784$2,450$1,561
13 years$3,696$3,234$2,823$2,458$2,136$1,301
14 years$3,396$2,940$2,536$2,182$1,873$1,089
15 years$3,137$2,685$2,290$1,946$1,649$915
16 years$2,911$2,464$2,076$1,742$1,457$771
17 years$2,711$2,269$1,889$1,566$1,292$651
18 years$2,534$2,097$1,725$1,411$1,149$551
19 years$2,375$1,943$1,579$1,275$1,024$467
20 years$2,233$1,806$1,449$1,155$915$396
21 years$2,104$1,682$1,333$1,048$819$337
22 years$1,987$1,570$1,228$953$734$286
23 years$1,881$1,468$1,134$868$659$244
24 years$1,783$1,376$1,049$791$592$208
25 years$1,694$1,291$971$723$533$177
26 years$1,611$1,213$901$661$480$151
27 years$1,535$1,142$837$605$433$129
28 years$1,464$1,076$778$554$390$110
29 years$1,399$1,015$724$508$352$94
30 years$1,337$959$674$466$318$80
31 years$1,280$906$629$428$288$69
32 years$1,227$858$586$394$260$59
33 years$1,177$812$548$362$236$50
34 years$1,130$770$512$333$213$43
35 years$1,085$730$478$307$193$37
36 years$1,043$693$447$282$175$31
37 years$1,004$658$419$260$159$27
38 years$967$625$392$240$144$23
39 years$932$595$367$221$131$20
40 years$898$566$344$204$118$17
41 years$867$539$323$188$107$14
42 years$836$513$303$174$97$12
43 years$808$489$284$160$88$10
44 years$781$466$267$148$80$9
45 years$755$444$251$137$73$8
46 years$730$424$235$126$66$7
47 years$706$404$221$117$60$6
48 years$684$386$208$108$55$5
49 years$662$369$195$100$50$4
50 years$641$352$184$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $657,000, adding $3,226 every year, while hoping to spend $45,948 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: 80/15/5 Blend
52$657,000$657,000$657,000$657,000
53$727,342$692,521$682,337$785,151
54$752,642$677,566$656,307$808,489
55$778,983$660,338$627,865$827,671
56$806,423$640,678$596,882$847,311
57$835,023$618,416$563,222$867,431
58$864,850$593,373$526,744$888,054
59$895,975$565,359$487,302$909,206
60$928,478$534,175$444,739$930,917
61$962,440$499,607$398,896$953,218
62$997,954$461,433$349,603$976,146
63$1,035,116$419,414$296,686$999,741
64$1,074,033$373,300$239,960$1,024,048
65$1,114,819$322,827$179,234$1,049,115
66$1,157,600$267,714$114,307$1,075,000
67$1,202,510$207,667$44,971$1,101,764
68$1,249,696$142,373$0$1,129,475
69$1,299,318$71,502$0$1,159,761
70$1,351,548$0$0$1,193,820
71$1,406,577$0$0$1,230,232
72$1,464,610$0$0$1,281,085
73$1,525,871$0$0$1,334,774
74$1,590,605$0$0$1,391,514
75$1,659,077$0$0$1,451,540
76$1,731,581$0$0$1,515,110
77$1,808,432$0$0$1,582,501
78$1,889,980$0$0$1,654,022
79$1,976,605$0$0$1,730,006
80$2,068,720$0$0$1,810,819
81$2,166,783$0$0$1,896,863
82$2,271,290$0$0$1,988,575
83$2,382,787$0$0$2,086,436
84$2,501,871$0$0$2,190,973
85$2,629,197$0$0$2,302,761
86$2,765,483$0$0$2,422,434
87$2,911,515$0$0$2,550,683
88$3,068,157$0$0$2,688,271
89$3,236,355$0$0$2,836,032
90$3,417,151$0$0$2,994,881
91$3,611,684$0$0$3,165,825
92$3,821,208$0$0$3,349,967
93$4,047,099$0$0$3,548,520
94$4,290,869$0$0$3,762,816
95$4,554,178$0$0$3,994,320
96$4,838,854$0$0$4,244,639
97$5,146,900$0$0$4,515,542
98$5,480,524$0$0$4,808,973
99$5,842,150$0$0$5,127,069
100$6,234,444$0$0$5,472,178