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%15.5%
1 years$54,420$53,935$53,462$53,000$52,550$51,363
2 years$26,940$26,439$25,952$25,481$25,024$23,834
3 years$17,782$17,278$16,793$16,326$15,876$14,721
4 years$13,203$12,701$12,221$11,762$11,323$10,212
5 years$10,457$9,958$9,484$9,034$8,607$7,543
6 years$8,627$8,131$7,664$7,225$6,811$5,794
7 years$7,320$6,829$6,369$5,940$5,539$4,570
8 years$6,340$5,853$5,402$4,983$4,595$3,674
9 years$5,579$5,096$4,652$4,244$3,870$2,995
10 years$4,970$4,492$4,056$3,659$3,297$2,469
11 years$4,472$3,999$3,571$3,184$2,836$2,052
12 years$4,058$3,589$3,169$2,793$2,457$1,717
13 years$3,707$3,244$2,831$2,466$2,143$1,445
14 years$3,407$2,949$2,544$2,189$1,878$1,221
15 years$3,147$2,694$2,297$1,952$1,654$1,036
16 years$2,920$2,471$2,082$1,748$1,462$882
17 years$2,719$2,276$1,895$1,570$1,296$752
18 years$2,542$2,103$1,730$1,415$1,152$643
19 years$2,383$1,949$1,584$1,279$1,027$551
20 years$2,240$1,811$1,453$1,158$917$472
21 years$2,111$1,687$1,337$1,051$821$406
22 years$1,993$1,575$1,232$956$736$349
23 years$1,887$1,473$1,138$870$661$300
24 years$1,789$1,380$1,052$794$594$259
25 years$1,699$1,295$974$725$534$223
26 years$1,616$1,217$904$663$481$192
27 years$1,540$1,145$839$607$434$166
28 years$1,469$1,079$780$556$392$143
29 years$1,403$1,018$726$510$354$124
30 years$1,341$962$676$468$319$107
31 years$1,284$909$630$430$289$92
32 years$1,230$860$588$395$261$80
33 years$1,180$815$549$363$236$69
34 years$1,133$772$513$334$214$60
35 years$1,089$732$480$308$194$52
36 years$1,047$695$449$283$176$45
37 years$1,007$660$420$261$159$39
38 years$970$627$393$241$144$33
39 years$934$597$369$222$131$29
40 years$901$568$345$205$119$25
41 years$869$540$324$189$108$22
42 years$839$515$304$174$98$19
43 years$810$490$285$161$89$16
44 years$783$467$268$148$81$14
45 years$757$446$251$137$73$12
46 years$732$425$236$127$66$11
47 years$708$406$222$117$60$9
48 years$686$387$208$108$55$8
49 years$664$370$196$100$50$7
50 years$643$353$184$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $659,000, adding $4,845 every year, while hoping to spend $54,142 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: 63/13/24 Blend
52$659,000$659,000$659,000$659,000
53$731,216$696,289$686,074$772,387
54$748,193$672,800$651,451$777,308
55$765,087$646,346$613,853$776,247
56$781,833$616,724$573,124$773,878
57$798,356$583,720$529,100$770,081
58$814,573$547,107$481,610$764,724
59$830,390$506,645$430,474$757,665
60$845,702$462,082$375,506$748,750
61$860,389$413,150$316,511$737,813
62$874,319$359,565$253,286$724,672
63$887,345$301,029$185,616$709,131
64$899,301$237,226$113,281$690,977
65$910,002$167,823$36,048$669,980
66$919,242$92,466$0$645,888
67$926,792$10,784$0$630,303
68$932,396$0$0$621,679
69$935,770$0$0$621,622
70$936,599$0$0$621,315
71$934,533$0$0$618,968
72$929,181$0$0$614,313
73$920,111$0$0$607,047
74$906,846$0$0$596,837
75$888,853$0$0$583,314
76$865,545$0$0$566,068
77$836,269$0$0$544,645
78$800,304$0$0$518,544
79$756,850$0$0$487,208
80$705,024$0$0$450,022
81$643,848$0$0$406,307
82$572,239$0$0$355,310
83$489,002$0$0$296,200
84$392,814$0$0$228,057
85$282,214$0$0$149,865
86$155,586$0$0$60,501
87$11,147$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$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