Can I retire at age 53 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$54,420$53,935$53,462$53,000$52,550$50,888
2 years$26,940$26,439$25,952$25,481$25,024$23,364
3 years$17,782$17,278$16,793$16,326$15,876$14,272
4 years$13,203$12,701$12,221$11,762$11,323$9,785
5 years$10,457$9,958$9,484$9,034$8,607$7,141
6 years$8,627$8,131$7,664$7,225$6,811$5,417
7 years$7,320$6,829$6,369$5,940$5,539$4,217
8 years$6,340$5,853$5,402$4,983$4,595$3,345
9 years$5,579$5,096$4,652$4,244$3,870$2,689
10 years$4,970$4,492$4,056$3,659$3,297$2,185
11 years$4,472$3,999$3,571$3,184$2,836$1,790
12 years$4,058$3,589$3,169$2,793$2,457$1,475
13 years$3,707$3,244$2,831$2,466$2,143$1,222
14 years$3,407$2,949$2,544$2,189$1,878$1,017
15 years$3,147$2,694$2,297$1,952$1,654$849
16 years$2,920$2,471$2,082$1,748$1,462$710
17 years$2,719$2,276$1,895$1,570$1,296$596
18 years$2,542$2,103$1,730$1,415$1,152$501
19 years$2,383$1,949$1,584$1,279$1,027$422
20 years$2,240$1,811$1,453$1,158$917$356
21 years$2,111$1,687$1,337$1,051$821$300
22 years$1,993$1,575$1,232$956$736$253
23 years$1,887$1,473$1,138$870$661$214
24 years$1,789$1,380$1,052$794$594$181
25 years$1,699$1,295$974$725$534$153
26 years$1,616$1,217$904$663$481$130
27 years$1,540$1,145$839$607$434$110
28 years$1,469$1,079$780$556$392$93
29 years$1,403$1,018$726$510$354$79
30 years$1,341$962$676$468$319$67
31 years$1,284$909$630$430$289$57
32 years$1,230$860$588$395$261$48
33 years$1,180$815$549$363$236$41
34 years$1,133$772$513$334$214$35
35 years$1,089$732$480$308$194$29
36 years$1,047$695$449$283$176$25
37 years$1,007$660$420$261$159$21
38 years$970$627$393$241$144$18
39 years$934$597$369$222$131$15
40 years$901$568$345$205$119$13
41 years$869$540$324$189$108$11
42 years$839$515$304$174$98$9
43 years$810$490$285$161$89$8
44 years$783$467$268$148$81$7
45 years$757$446$251$137$73$6
46 years$732$425$236$127$66$5
47 years$708$406$222$117$60$4
48 years$686$387$208$108$55$3
49 years$664$370$196$100$50$3
50 years$643$353$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $659,000, adding $3,177 every year, while hoping to spend $47,939 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: 42/35/23 Blend
52$659,000$659,000$659,000$659,000
53$729,495$694,568$684,354$755,103
54$752,897$677,595$656,273$756,702
55$777,079$658,184$625,644$753,596
56$802,070$636,164$592,333$749,272
57$827,901$611,356$556,196$743,645
58$854,603$583,569$517,084$736,624
59$882,210$552,601$474,844$728,115
60$910,757$518,240$429,313$718,015
61$940,280$480,259$380,321$706,221
62$970,818$438,421$327,691$692,619
63$1,002,412$392,475$271,239$677,093
64$1,035,104$342,152$210,772$659,519
65$1,068,940$287,173$146,088$639,767
66$1,103,968$227,240$76,977$617,699
67$1,140,237$162,039$3,221$593,173
68$1,177,801$91,239$0$566,036
69$1,216,716$14,489$0$554,656
70$1,257,042$0$0$542,387
71$1,298,842$0$0$554,736
72$1,342,184$0$0$573,334
73$1,387,138$0$0$592,632
74$1,433,782$0$0$612,665
75$1,482,196$0$0$633,468
76$1,532,466$0$0$655,080
77$1,584,685$0$0$677,541
78$1,638,951$0$0$700,897
79$1,695,371$0$0$725,193
80$1,754,056$0$0$750,481
81$1,815,129$0$0$776,815
82$1,878,719$0$0$804,253
83$1,944,966$0$0$832,858
84$2,014,021$0$0$862,698
85$2,086,046$0$0$893,845
86$2,161,215$0$0$926,379
87$2,239,716$0$0$960,384
88$2,321,753$0$0$995,953
89$2,407,547$0$0$1,033,184
90$2,497,334$0$0$1,072,186
91$2,591,372$0$0$1,113,074
92$2,689,940$0$0$1,155,976
93$2,793,340$0$0$1,201,030
94$2,901,903$0$0$1,248,384
95$3,015,983$0$0$1,298,201
96$3,135,969$0$0$1,350,657
97$3,262,283$0$0$1,405,945
98$3,395,383$0$0$1,464,274
99$3,535,771$0$0$1,525,873
100$3,683,992$0$0$1,590,991