Can I retire at age 53 with 659,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$54,420$53,935$53,462$53,000$52,550$51,722
2 years$26,940$26,439$25,952$25,481$25,024$24,192
3 years$17,782$17,278$16,793$16,326$15,876$15,066
4 years$13,203$12,701$12,221$11,762$11,323$10,541
5 years$10,457$9,958$9,484$9,034$8,607$7,856
6 years$8,627$8,131$7,664$7,225$6,811$6,090
7 years$7,320$6,829$6,369$5,940$5,539$4,850
8 years$6,340$5,853$5,402$4,983$4,595$3,937
9 years$5,579$5,096$4,652$4,244$3,870$3,243
10 years$4,970$4,492$4,056$3,659$3,297$2,701
11 years$4,472$3,999$3,571$3,184$2,836$2,269
12 years$4,058$3,589$3,169$2,793$2,457$1,920
13 years$3,707$3,244$2,831$2,466$2,143$1,634
14 years$3,407$2,949$2,544$2,189$1,878$1,397
15 years$3,147$2,694$2,297$1,952$1,654$1,199
16 years$2,920$2,471$2,082$1,748$1,462$1,033
17 years$2,719$2,276$1,895$1,570$1,296$892
18 years$2,542$2,103$1,730$1,415$1,152$772
19 years$2,383$1,949$1,584$1,279$1,027$670
20 years$2,240$1,811$1,453$1,158$917$582
21 years$2,111$1,687$1,337$1,051$821$506
22 years$1,993$1,575$1,232$956$736$441
23 years$1,887$1,473$1,138$870$661$385
24 years$1,789$1,380$1,052$794$594$336
25 years$1,699$1,295$974$725$534$293
26 years$1,616$1,217$904$663$481$257
27 years$1,540$1,145$839$607$434$224
28 years$1,469$1,079$780$556$392$196
29 years$1,403$1,018$726$510$354$172
30 years$1,341$962$676$468$319$151
31 years$1,284$909$630$430$289$132
32 years$1,230$860$588$395$261$116
33 years$1,180$815$549$363$236$102
34 years$1,133$772$513$334$214$89
35 years$1,089$732$480$308$194$78
36 years$1,047$695$449$283$176$69
37 years$1,007$660$420$261$159$60
38 years$970$627$393$241$144$53
39 years$934$597$369$222$131$46
40 years$901$568$345$205$119$41
41 years$869$540$324$189$108$36
42 years$839$515$304$174$98$31
43 years$810$490$285$161$89$28
44 years$783$467$268$148$81$24
45 years$757$446$251$137$73$21
46 years$732$425$236$127$66$19
47 years$708$406$222$117$60$16
48 years$686$387$208$108$55$14
49 years$664$370$196$100$50$13
50 years$643$353$184$92$45$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $659,000, adding $4,289 every year, while hoping to spend $37,691 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: 23/50/27 Blend
52$659,000$659,000$659,000$659,000
53$730,642$695,715$685,501$741,124
54$765,065$689,702$668,362$744,451
55$801,735$682,131$649,386$744,552
56$840,843$672,887$628,471$743,853
57$882,596$661,845$605,512$742,314
58$927,221$648,876$580,397$739,893
59$974,967$633,841$553,010$736,549
60$1,026,109$616,594$523,231$732,240
61$1,080,946$596,980$490,933$726,925
62$1,139,806$574,836$455,983$720,566
63$1,203,051$549,988$418,243$713,125
64$1,271,077$522,253$377,569$704,565
65$1,344,320$491,436$333,810$694,853
66$1,423,256$457,331$286,808$683,958
67$1,508,411$419,723$236,399$671,854
68$1,600,361$378,382$182,411$658,519
69$1,699,739$333,065$124,664$643,935
70$1,807,244$283,516$62,970$628,094
71$1,923,638$229,464$0$610,993
72$2,049,765$170,623$0$593,463
73$2,186,548$106,691$0$594,110
74$2,335,007$37,349$0$594,863
75$2,496,259$0$0$595,829
76$2,671,536$0$0$617,896
77$2,862,193$0$0$664,354
78$3,069,718$0$0$715,029
79$3,295,751$0$0$770,334
80$3,542,097$0$0$830,725
81$3,810,741$0$0$896,703
82$4,103,868$0$0$968,821
83$4,423,884$0$0$1,047,685
84$4,773,436$0$0$1,133,964
85$5,155,439$0$0$1,228,395
86$5,573,103$0$0$1,331,790
87$6,029,960$0$0$1,445,040
88$6,529,902$0$0$1,569,131
89$7,077,211$0$0$1,705,145
90$7,676,606$0$0$1,854,276
91$8,333,280$0$0$2,017,836
92$9,052,956$0$0$2,197,274
93$9,841,934$0$0$2,394,184
94$10,707,153$0$0$2,610,321
95$11,656,257$0$0$2,847,620
96$12,697,664$0$0$3,108,212
97$13,840,647$0$0$3,394,443
98$15,095,421$0$0$3,708,899
99$16,473,237$0$0$4,054,429
100$17,986,490$0$0$4,434,171