Can I retire at age 53 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$54,337$53,853$53,381$52,920$52,470$51,347
2 years$26,900$26,399$25,913$25,442$24,986$23,860
3 years$17,755$17,252$16,767$16,301$15,852$14,759
4 years$13,183$12,682$12,202$11,744$11,306$10,253
5 years$10,441$9,943$9,470$9,021$8,594$7,586
6 years$8,614$8,119$7,653$7,214$6,800$5,836
7 years$7,309$6,818$6,360$5,931$5,531$4,611
8 years$6,331$5,845$5,393$4,975$4,588$3,713
9 years$5,570$5,089$4,645$4,238$3,864$3,033
10 years$4,962$4,485$4,050$3,653$3,292$2,504
11 years$4,465$3,993$3,565$3,179$2,831$2,086
12 years$4,051$3,584$3,164$2,789$2,454$1,749
13 years$3,701$3,239$2,827$2,462$2,140$1,474
14 years$3,402$2,944$2,540$2,185$1,876$1,249
15 years$3,142$2,689$2,293$1,949$1,651$1,062
16 years$2,915$2,468$2,079$1,745$1,460$905
17 years$2,715$2,273$1,892$1,568$1,294$774
18 years$2,538$2,100$1,727$1,413$1,151$663
19 years$2,379$1,946$1,581$1,277$1,026$569
20 years$2,236$1,808$1,451$1,156$916$489
21 years$2,107$1,685$1,335$1,050$820$421
22 years$1,990$1,572$1,230$954$735$363
23 years$1,884$1,471$1,136$869$660$313
24 years$1,786$1,378$1,050$793$593$271
25 years$1,696$1,293$973$724$534$234
26 years$1,614$1,215$902$662$481$202
27 years$1,537$1,144$838$606$433$175
28 years$1,467$1,078$779$555$391$151
29 years$1,401$1,017$725$509$353$131
30 years$1,339$960$675$467$319$114
31 years$1,282$908$629$429$288$98
32 years$1,229$859$587$394$261$85
33 years$1,178$813$548$363$236$74
34 years$1,131$771$512$334$214$64
35 years$1,087$731$479$307$194$56
36 years$1,045$694$448$283$175$48
37 years$1,006$659$419$261$159$42
38 years$968$626$393$240$144$36
39 years$933$596$368$221$131$31
40 years$900$567$345$204$119$27
41 years$868$539$323$188$108$24
42 years$838$514$303$174$98$21
43 years$809$490$285$161$89$18
44 years$782$467$267$148$80$15
45 years$756$445$251$137$73$13
46 years$731$424$236$126$66$12
47 years$707$405$221$117$60$10
48 years$685$387$208$108$55$9
49 years$663$369$196$100$50$8
50 years$642$353$184$92$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $658,000, adding $5,806 every year, while hoping to spend $52,140 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: 47/30/23 Blend
52$658,000$658,000$658,000$658,000
53$731,105$696,231$686,032$760,424
54$750,201$674,870$653,537$760,192
55$769,497$650,714$618,207$754,310
56$788,960$623,573$579,890$746,867
57$808,547$593,242$538,430$737,743
58$828,215$559,507$493,664$726,807
59$847,911$522,140$445,420$713,920
60$867,575$480,902$393,518$698,934
61$887,140$435,539$337,773$681,689
62$906,530$385,781$277,990$662,014
63$925,657$331,346$213,964$639,729
64$944,425$271,933$145,483$614,637
65$962,725$207,226$72,325$586,529
66$980,433$136,890$0$555,182
67$997,412$60,573$0$521,767
68$1,013,508$0$0$503,649
69$1,028,548$0$0$490,142
70$1,042,339$0$0$495,943
71$1,054,666$0$0$500,945
72$1,065,291$0$0$505,020
73$1,073,945$0$0$508,030
74$1,080,331$0$0$509,819
75$1,084,119$0$0$510,215
76$1,084,942$0$0$509,026
77$1,082,392$0$0$506,038
78$1,076,015$0$0$501,016
79$1,065,310$0$0$493,698
80$1,049,718$0$0$483,793
81$1,028,621$0$0$470,979
82$1,001,335$0$0$454,901
83$967,102$0$0$435,163
84$925,081$0$0$411,328
85$874,343$0$0$382,912
86$813,860$0$0$349,382
87$742,493$0$0$310,146
88$658,983$0$0$264,548
89$561,939$0$0$211,867
90$449,822$0$0$151,303
91$320,932$0$0$81,973
92$173,390$0$0$2,901
93$5,120$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