Can I retire at age 53 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$54,502$54,017$53,543$53,081$52,629$50,904
2 years$26,981$26,479$25,992$25,520$25,062$23,340
3 years$17,809$17,304$16,818$16,351$15,900$14,236
4 years$13,224$12,720$12,239$11,780$11,340$9,746
5 years$10,473$9,973$9,498$9,048$8,621$7,101
6 years$8,640$8,144$7,676$7,236$6,821$5,378
7 years$7,331$6,839$6,379$5,949$5,547$4,180
8 years$6,350$5,862$5,410$4,990$4,602$3,309
9 years$5,587$5,104$4,659$4,251$3,876$2,656
10 years$4,977$4,499$4,062$3,664$3,302$2,154
11 years$4,479$4,005$3,576$3,189$2,840$1,760
12 years$4,064$3,595$3,174$2,797$2,461$1,448
13 years$3,713$3,249$2,836$2,469$2,146$1,197
14 years$3,412$2,953$2,548$2,192$1,881$994
15 years$3,152$2,698$2,300$1,955$1,656$828
16 years$2,924$2,475$2,086$1,750$1,464$692
17 years$2,723$2,279$1,898$1,573$1,298$579
18 years$2,545$2,106$1,732$1,417$1,154$486
19 years$2,386$1,952$1,586$1,281$1,029$408
20 years$2,243$1,814$1,456$1,160$919$343
21 years$2,114$1,690$1,339$1,053$822$289
22 years$1,996$1,577$1,234$957$737$243
23 years$1,889$1,475$1,139$872$662$205
24 years$1,792$1,382$1,054$795$595$173
25 years$1,702$1,297$976$726$535$146
26 years$1,619$1,219$905$664$482$124
27 years$1,542$1,147$840$608$435$104
28 years$1,471$1,081$781$557$392$88
29 years$1,405$1,020$727$511$354$75
30 years$1,343$963$677$469$320$63
31 years$1,286$910$631$430$289$53
32 years$1,232$861$589$395$262$45
33 years$1,182$816$550$364$237$38
34 years$1,135$773$514$335$214$32
35 years$1,090$733$480$308$194$27
36 years$1,048$696$449$284$176$23
37 years$1,009$661$421$261$159$20
38 years$971$628$394$241$145$17
39 years$936$597$369$222$131$14
40 years$902$568$346$205$119$12
41 years$871$541$324$189$108$10
42 years$840$515$304$174$98$9
43 years$812$491$286$161$89$7
44 years$784$468$268$149$81$6
45 years$758$446$252$137$73$5
46 years$733$426$236$127$66$4
47 years$710$406$222$117$60$4
48 years$687$388$209$108$55$3
49 years$665$370$196$100$50$3
50 years$644$354$184$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $660,000, adding $2,244 every year, while hoping to spend $58,861 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: 48/41/11 Blend
52$660,000$660,000$660,000$660,000
53$729,635$694,655$684,425$762,352
54$741,430$666,065$644,725$756,505
55$752,455$634,102$601,723$743,845
56$762,570$598,538$555,246$728,764
57$771,618$559,132$505,112$711,055
58$779,424$515,630$451,134$690,495
59$785,792$467,763$393,114$666,843
60$790,506$415,246$330,847$639,839
61$793,325$357,781$264,117$609,201
62$793,981$295,048$192,701$574,627
63$792,175$226,713$116,365$535,787
64$787,576$152,422$34,863$492,327
65$779,819$71,801$0$443,863
66$768,495$0$0$396,096
67$753,154$0$0$354,239
68$733,296$0$0$342,344
69$708,368$0$0$327,724
70$677,755$0$0$310,051
71$640,779$0$0$288,966
72$596,689$0$0$264,070
73$544,655$0$0$234,922
74$483,756$0$0$201,034
75$412,978$0$0$161,867
76$331,197$0$0$116,826
77$237,171$0$0$65,251
78$129,528$0$0$6,416
79$6,753$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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