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%16%
1 years$54,502$54,017$53,543$53,081$52,629$51,336
2 years$26,981$26,479$25,992$25,520$25,062$23,767
3 years$17,809$17,304$16,818$16,351$15,900$14,644
4 years$13,224$12,720$12,239$11,780$11,340$10,132
5 years$10,473$9,973$9,498$9,048$8,621$7,465
6 years$8,640$8,144$7,676$7,236$6,821$5,718
7 years$7,331$6,839$6,379$5,949$5,547$4,498
8 years$6,350$5,862$5,410$4,990$4,602$3,605
9 years$5,587$5,104$4,659$4,251$3,876$2,930
10 years$4,977$4,499$4,062$3,664$3,302$2,408
11 years$4,479$4,005$3,576$3,189$2,840$1,995
12 years$4,064$3,595$3,174$2,797$2,461$1,664
13 years$3,713$3,249$2,836$2,469$2,146$1,396
14 years$3,412$2,953$2,548$2,192$1,881$1,175
15 years$3,152$2,698$2,300$1,955$1,656$994
16 years$2,924$2,475$2,086$1,750$1,464$843
17 years$2,723$2,279$1,898$1,573$1,298$716
18 years$2,545$2,106$1,732$1,417$1,154$610
19 years$2,386$1,952$1,586$1,281$1,029$521
20 years$2,243$1,814$1,456$1,160$919$445
21 years$2,114$1,690$1,339$1,053$822$381
22 years$1,996$1,577$1,234$957$737$326
23 years$1,889$1,475$1,139$872$662$280
24 years$1,792$1,382$1,054$795$595$240
25 years$1,702$1,297$976$726$535$206
26 years$1,619$1,219$905$664$482$177
27 years$1,542$1,147$840$608$435$152
28 years$1,471$1,081$781$557$392$131
29 years$1,405$1,020$727$511$354$113
30 years$1,343$963$677$469$320$97
31 years$1,286$910$631$430$289$83
32 years$1,232$861$589$395$262$72
33 years$1,182$816$550$364$237$62
34 years$1,135$773$514$335$214$53
35 years$1,090$733$480$308$194$46
36 years$1,048$696$449$284$176$39
37 years$1,009$661$421$261$159$34
38 years$971$628$394$241$145$29
39 years$936$597$369$222$131$25
40 years$902$568$346$205$119$22
41 years$871$541$324$189$108$19
42 years$840$515$304$174$98$16
43 years$812$491$286$161$89$14
44 years$784$468$268$149$81$12
45 years$758$446$252$137$73$10
46 years$733$426$236$127$66$9
47 years$710$406$222$117$60$8
48 years$687$388$209$108$55$7
49 years$665$370$196$100$50$6
50 years$644$354$184$93$45$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $660,000, adding $6,837 every year, while hoping to spend $24,293 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: 47/45/8 Blend
52$660,000$660,000$660,000$660,000
53$734,372$699,392$689,162$766,976
54$783,431$707,815$686,402$798,524
55$836,679$715,836$682,734$829,646
56$894,519$723,411$678,104$862,857
57$957,392$730,490$672,453$898,359
58$1,025,784$737,022$665,719$936,374
59$1,100,231$742,953$657,837$977,148
60$1,181,320$748,224$648,741$1,020,952
61$1,269,700$752,772$638,359$1,068,088
62$1,366,083$756,532$626,617$1,118,886
63$1,471,254$759,432$613,439$1,173,713
64$1,586,076$761,398$598,743$1,232,975
65$1,711,499$762,350$582,445$1,297,120
66$1,848,570$762,203$564,455$1,366,641
67$1,998,442$760,868$544,681$1,442,086
68$2,162,381$758,249$523,027$1,524,059
69$2,341,786$754,245$499,390$1,613,226
70$2,538,193$748,748$473,664$1,710,326
71$2,753,296$741,645$445,740$1,816,172
72$2,988,961$732,814$415,501$1,931,663
73$3,247,240$722,127$382,825$2,057,794
74$3,530,397$709,449$347,588$2,195,660
75$3,840,921$694,636$309,656$2,346,475
76$4,181,557$677,535$268,891$2,511,574
77$4,555,327$657,986$225,150$2,692,437
78$4,965,560$635,817$178,283$2,890,694
79$5,415,923$610,848$128,131$3,108,146
80$5,910,455$582,887$74,531$3,346,782
81$6,453,606$551,733$17,312$3,608,797
82$7,050,277$517,171$0$3,896,614
83$7,705,868$478,975$0$4,216,641
84$8,426,328$436,906$0$4,569,918
85$9,218,210$390,712$0$4,958,239
86$10,088,735$340,124$0$5,385,217
87$11,045,857$284,861$0$5,854,840
88$12,098,340$224,625$0$6,371,506
89$13,255,839$159,099$0$6,940,066
90$14,528,992$87,952$0$7,565,874
91$15,929,519$10,833$0$8,254,834
92$17,470,336$0$0$9,013,460
93$19,165,670$0$0$9,884,901
94$21,031,199$0$0$10,849,818
95$23,084,196$0$0$11,911,790
96$25,343,696$0$0$13,080,676
97$27,830,669$0$0$14,367,335
98$30,568,225$0$0$15,783,735
99$33,581,823$0$0$17,343,062
100$36,899,522$0$0$19,059,846