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%14.5%
1 years$54,337$53,853$53,381$52,920$52,470$51,495
2 years$26,900$26,399$25,913$25,442$24,986$24,007
3 years$17,755$17,252$16,767$16,301$15,852$14,900
4 years$13,183$12,682$12,202$11,744$11,306$10,388
5 years$10,441$9,943$9,470$9,021$8,594$7,713
6 years$8,614$8,119$7,653$7,214$6,800$5,957
7 years$7,309$6,818$6,360$5,931$5,531$4,725
8 years$6,331$5,845$5,393$4,975$4,588$3,821
9 years$5,570$5,089$4,645$4,238$3,864$3,134
10 years$4,962$4,485$4,050$3,653$3,292$2,599
11 years$4,465$3,993$3,565$3,179$2,831$2,174
12 years$4,051$3,584$3,164$2,789$2,454$1,831
13 years$3,701$3,239$2,827$2,462$2,140$1,551
14 years$3,402$2,944$2,540$2,185$1,876$1,320
15 years$3,142$2,689$2,293$1,949$1,651$1,128
16 years$2,915$2,468$2,079$1,745$1,460$966
17 years$2,715$2,273$1,892$1,568$1,294$830
18 years$2,538$2,100$1,727$1,413$1,151$715
19 years$2,379$1,946$1,581$1,277$1,026$617
20 years$2,236$1,808$1,451$1,156$916$533
21 years$2,107$1,685$1,335$1,050$820$462
22 years$1,990$1,572$1,230$954$735$400
23 years$1,884$1,471$1,136$869$660$347
24 years$1,786$1,378$1,050$793$593$301
25 years$1,696$1,293$973$724$534$262
26 years$1,614$1,215$902$662$481$228
27 years$1,537$1,144$838$606$433$198
28 years$1,467$1,078$779$555$391$172
29 years$1,401$1,017$725$509$353$150
30 years$1,339$960$675$467$319$131
31 years$1,282$908$629$429$288$114
32 years$1,229$859$587$394$261$99
33 years$1,178$813$548$363$236$87
34 years$1,131$771$512$334$214$76
35 years$1,087$731$479$307$194$66
36 years$1,045$694$448$283$175$57
37 years$1,006$659$419$261$159$50
38 years$968$626$393$240$144$44
39 years$933$596$368$221$131$38
40 years$900$567$345$204$119$33
41 years$868$539$323$188$108$29
42 years$838$514$303$174$98$25
43 years$809$490$285$161$89$22
44 years$782$467$267$148$80$19
45 years$756$445$251$137$73$17
46 years$731$424$236$126$66$15
47 years$707$405$221$117$60$13
48 years$685$387$208$108$55$11
49 years$663$369$196$100$50$10
50 years$642$353$184$92$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $658,000, adding $2,739 every year, while hoping to spend $30,526 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: 37/38/25 Blend
52$658,000$658,000$658,000$658,000
53$727,941$693,067$682,868$749,334
54$769,712$694,548$673,265$766,760
55$814,720$695,078$662,317$782,561
56$863,264$694,579$649,947$799,027
57$915,670$692,967$636,073$816,239
58$972,299$690,154$620,612$834,285
59$1,033,546$686,044$603,475$853,267
60$1,099,845$680,537$584,570$873,298
61$1,171,675$673,529$563,798$894,505
62$1,249,560$664,906$541,060$917,032
63$1,334,078$654,550$516,248$941,039
64$1,425,865$642,333$489,253$966,707
65$1,525,618$628,123$459,958$994,237
66$1,634,108$611,777$428,243$1,023,856
67$1,752,179$593,146$393,981$1,055,815
68$1,880,762$572,071$357,040$1,090,397
69$2,020,881$548,384$317,283$1,127,917
70$2,173,663$521,907$274,564$1,168,726
71$2,340,348$492,452$228,734$1,213,216
72$2,522,302$459,821$179,635$1,261,825
73$2,721,028$423,803$127,103$1,315,038
74$2,938,178$384,175$70,967$1,373,398
75$3,175,576$340,703$11,048$1,437,508
76$3,435,227$293,139$0$1,508,038
77$3,719,337$241,220$0$1,599,843
78$4,030,339$184,669$0$1,703,704
79$4,370,909$123,194$0$1,817,645
80$4,743,996$56,484$0$1,942,746
81$5,152,846$0$0$2,080,199
82$5,601,035$0$0$2,237,924
83$6,092,501$0$0$2,436,871
84$6,631,582$0$0$2,655,186
85$7,223,055$0$0$2,894,817
86$7,872,183$0$0$3,157,908
87$8,584,761$0$0$3,446,820
88$9,367,175$0$0$3,764,155
89$10,226,459$0$0$4,112,780
90$11,170,360$0$0$4,495,852
91$12,207,415$0$0$4,916,850
92$13,347,026$0$0$5,379,606
93$14,599,553$0$0$5,888,342
94$15,976,407$0$0$6,447,710
95$17,490,164$0$0$7,062,834
96$19,154,675$0$0$7,739,361
97$20,985,202$0$0$8,483,511
98$22,998,561$0$0$9,302,138
99$25,213,278$0$0$10,202,795
100$27,649,765$0$0$11,193,802