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%19.2%
1 years$54,502$54,017$53,543$53,081$52,629$50,681
2 years$26,981$26,479$25,992$25,520$25,062$23,121
3 years$17,809$17,304$16,818$16,351$15,900$14,028
4 years$13,224$12,720$12,239$11,780$11,340$9,551
5 years$10,473$9,973$9,498$9,048$8,621$6,919
6 years$8,640$8,144$7,676$7,236$6,821$5,208
7 years$7,331$6,839$6,379$5,949$5,547$4,022
8 years$6,350$5,862$5,410$4,990$4,602$3,164
9 years$5,587$5,104$4,659$4,251$3,876$2,522
10 years$4,977$4,499$4,062$3,664$3,302$2,031
11 years$4,479$4,005$3,576$3,189$2,840$1,648
12 years$4,064$3,595$3,174$2,797$2,461$1,346
13 years$3,713$3,249$2,836$2,469$2,146$1,105
14 years$3,412$2,953$2,548$2,192$1,881$910
15 years$3,152$2,698$2,300$1,955$1,656$752
16 years$2,924$2,475$2,086$1,750$1,464$623
17 years$2,723$2,279$1,898$1,573$1,298$518
18 years$2,545$2,106$1,732$1,417$1,154$431
19 years$2,386$1,952$1,586$1,281$1,029$359
20 years$2,243$1,814$1,456$1,160$919$299
21 years$2,114$1,690$1,339$1,053$822$250
22 years$1,996$1,577$1,234$957$737$209
23 years$1,889$1,475$1,139$872$662$174
24 years$1,792$1,382$1,054$795$595$146
25 years$1,702$1,297$976$726$535$122
26 years$1,619$1,219$905$664$482$102
27 years$1,542$1,147$840$608$435$86
28 years$1,471$1,081$781$557$392$72
29 years$1,405$1,020$727$511$354$60
30 years$1,343$963$677$469$320$50
31 years$1,286$910$631$430$289$42
32 years$1,232$861$589$395$262$35
33 years$1,182$816$550$364$237$30
34 years$1,135$773$514$335$214$25
35 years$1,090$733$480$308$194$21
36 years$1,048$696$449$284$176$17
37 years$1,009$661$421$261$159$15
38 years$971$628$394$241$145$12
39 years$936$597$369$222$131$10
40 years$902$568$346$205$119$9
41 years$871$541$324$189$108$7
42 years$840$515$304$174$98$6
43 years$812$491$286$161$89$5
44 years$784$468$268$149$81$4
45 years$758$446$252$137$73$4
46 years$733$426$236$127$66$3
47 years$710$406$222$117$60$3
48 years$687$388$209$108$55$2
49 years$665$370$196$100$50$2
50 years$644$354$184$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $660,000, adding $3,835 every year, while hoping to spend $36,869 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: 50/25/25 Blend
52$660,000$660,000$660,000$660,000
53$731,276$696,296$686,066$762,515
54$766,638$691,186$669,821$779,555
55$804,371$684,590$651,796$794,048
56$844,678$676,396$631,892$809,057
57$887,782$666,486$610,007$824,648
58$933,926$654,735$586,033$840,894
59$983,378$641,008$559,856$857,879
60$1,036,431$625,166$531,360$875,698
61$1,093,407$607,059$500,421$894,456
62$1,154,659$586,530$466,910$914,273
63$1,220,575$563,411$430,692$935,286
64$1,291,582$537,526$391,628$957,646
65$1,368,145$508,687$349,570$981,524
66$1,450,781$476,697$304,365$1,007,111
67$1,540,052$441,347$255,853$1,034,623
68$1,636,580$402,416$203,867$1,064,300
69$1,741,046$359,669$148,231$1,096,413
70$1,854,199$312,860$88,764$1,131,261
71$1,976,865$261,727$25,275$1,169,182
72$2,109,949$205,996$0$1,210,551
73$2,254,449$145,374$0$1,267,119
74$2,411,459$79,554$0$1,335,955
75$2,582,187$8,211$0$1,410,887
76$2,767,959$0$0$1,492,557
77$2,970,236$0$0$1,600,655
78$3,190,622$0$0$1,720,956
79$3,430,887$0$0$1,852,174
80$3,692,976$0$0$1,995,380
81$3,979,030$0$0$2,151,753
82$4,291,407$0$0$2,322,591
83$4,632,701$0$0$2,509,322
84$5,005,770$0$0$2,713,519
85$5,413,759$0$0$2,936,914
86$5,860,131$0$0$3,181,414
87$6,348,699$0$0$3,449,118
88$6,883,663$0$0$3,742,339
89$7,469,645$0$0$4,063,623
90$8,111,739$0$0$4,415,774
91$8,815,553$0$0$4,801,881
92$9,587,263$0$0$5,225,345
93$10,433,671$0$0$5,689,913
94$11,362,272$0$0$6,199,712
95$12,381,317$0$0$6,759,287
96$13,499,897$0$0$7,373,647
97$14,728,027$0$0$8,048,305
98$16,076,737$0$0$8,789,339
99$17,558,179$0$0$9,603,442
100$19,185,739$0$0$10,497,987