Can I retire at age 53 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$54,585$54,099$53,624$53,161$52,709$51,815
2 years$27,022$26,519$26,031$25,558$25,100$24,201
3 years$17,836$17,330$16,844$16,375$15,924$15,050
4 years$13,244$12,740$12,258$11,798$11,357$10,514
5 years$10,489$9,988$9,513$9,062$8,634$7,823
6 years$8,653$8,156$7,688$7,247$6,831$6,055
7 years$7,342$6,849$6,389$5,958$5,556$4,814
8 years$6,360$5,871$5,418$4,998$4,609$3,901
9 years$5,596$5,112$4,666$4,257$3,882$3,208
10 years$4,985$4,506$4,068$3,670$3,307$2,666
11 years$4,486$4,011$3,582$3,194$2,844$2,236
12 years$4,070$3,600$3,179$2,801$2,465$1,888
13 years$3,718$3,254$2,840$2,473$2,149$1,604
14 years$3,417$2,958$2,552$2,195$1,884$1,368
15 years$3,156$2,702$2,304$1,958$1,659$1,172
16 years$2,928$2,479$2,089$1,753$1,466$1,007
17 years$2,728$2,283$1,901$1,575$1,300$868
18 years$2,549$2,109$1,735$1,420$1,156$750
19 years$2,390$1,955$1,588$1,283$1,030$649
20 years$2,247$1,817$1,458$1,162$920$563
21 years$2,117$1,692$1,341$1,054$824$488
22 years$2,000$1,580$1,236$959$738$425
23 years$1,892$1,477$1,141$873$663$369
24 years$1,794$1,384$1,055$796$596$322
25 years$1,704$1,299$977$727$536$280
26 years$1,621$1,221$906$665$483$245
27 years$1,544$1,149$842$609$435$214
28 years$1,473$1,083$783$558$393$186
29 years$1,407$1,021$728$511$355$163
30 years$1,346$965$678$469$320$142
31 years$1,288$912$632$431$290$124
32 years$1,234$863$590$396$262$109
33 years$1,184$817$551$364$237$95
34 years$1,136$774$515$335$215$83
35 years$1,092$735$481$309$194$73
36 years$1,050$697$450$284$176$64
37 years$1,010$662$421$262$160$56
38 years$973$629$395$241$145$49
39 years$937$598$370$222$131$43
40 years$904$569$346$205$119$38
41 years$872$542$325$189$108$33
42 years$842$516$305$175$98$29
43 years$813$492$286$161$89$25
44 years$785$469$268$149$81$22
45 years$759$447$252$138$73$19
46 years$734$426$237$127$67$17
47 years$711$407$222$117$60$15
48 years$688$388$209$108$55$13
49 years$666$371$196$100$50$11
50 years$645$354$185$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $661,000, adding $3,126 every year, while hoping to spend $34,438 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: 64/29/7 Blend
52$661,000$661,000$661,000$661,000
53$731,646$696,613$686,368$777,324
54$769,633$694,106$672,720$805,627
55$810,339$690,321$657,460$832,176
56$854,007$685,160$640,498$860,274
57$900,901$678,518$621,740$890,071
58$951,312$670,284$601,087$921,729
59$1,005,558$660,340$578,435$955,430
60$1,063,989$648,561$553,677$991,376
61$1,126,989$634,814$526,699$1,029,790
62$1,194,982$618,960$497,383$1,070,917
63$1,268,431$600,850$465,606$1,115,032
64$1,347,845$580,326$431,239$1,162,436
65$1,433,786$557,223$394,146$1,213,466
66$1,526,870$531,364$354,187$1,268,491
67$1,627,773$502,563$311,215$1,327,923
68$1,737,241$470,624$265,076$1,392,216
69$1,856,093$435,338$215,609$1,461,873
70$1,985,230$396,485$162,648$1,537,450
71$2,125,644$353,833$106,016$1,619,564
72$2,278,424$307,135$45,532$1,708,895
73$2,444,770$256,132$0$1,806,196
74$2,626,003$200,549$0$1,913,723
75$2,823,576$140,096$0$2,034,697
76$3,039,087$74,467$0$2,166,749
77$3,274,296$3,339$0$2,311,021
78$3,531,142$0$0$2,468,777
79$3,811,756$0$0$2,664,907
80$4,118,487$0$0$2,880,499
81$4,453,919$0$0$3,116,311
82$4,820,898$0$0$3,374,348
83$5,222,559$0$0$3,656,821
84$5,662,352$0$0$3,966,162
85$6,144,077$0$0$4,305,051
86$6,671,920$0$0$4,676,438
87$7,250,488$0$0$5,083,573
88$7,884,859$0$0$5,530,035
89$8,580,622$0$0$6,019,766
90$9,343,936$0$0$6,557,109
91$10,181,582$0$0$7,146,845
92$11,101,032$0$0$7,794,243
93$12,110,515$0$0$8,505,106
94$13,219,097$0$0$9,285,826
95$14,436,763$0$0$10,143,446
96$15,774,514$0$0$11,085,722
97$17,244,470$0$0$12,121,201
98$18,859,982$0$0$13,259,298
99$20,635,758$0$0$14,510,386
100$22,588,003$0$0$15,885,892