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 years$54,585$54,099$53,624$53,161$52,709$51,836
2 years$27,022$26,519$26,031$25,558$25,100$24,222
3 years$17,836$17,330$16,844$16,375$15,924$15,070
4 years$13,244$12,740$12,258$11,798$11,357$10,533
5 years$10,489$9,988$9,513$9,062$8,634$7,842
6 years$8,653$8,156$7,688$7,247$6,831$6,073
7 years$7,342$6,849$6,389$5,958$5,556$4,831
8 years$6,360$5,871$5,418$4,998$4,609$3,917
9 years$5,596$5,112$4,666$4,257$3,882$3,223
10 years$4,985$4,506$4,068$3,670$3,307$2,681
11 years$4,486$4,011$3,582$3,194$2,844$2,249
12 years$4,070$3,600$3,179$2,801$2,465$1,901
13 years$3,718$3,254$2,840$2,473$2,149$1,615
14 years$3,417$2,958$2,552$2,195$1,884$1,379
15 years$3,156$2,702$2,304$1,958$1,659$1,182
16 years$2,928$2,479$2,089$1,753$1,466$1,017
17 years$2,728$2,283$1,901$1,575$1,300$877
18 years$2,549$2,109$1,735$1,420$1,156$758
19 years$2,390$1,955$1,588$1,283$1,030$656
20 years$2,247$1,817$1,458$1,162$920$569
21 years$2,117$1,692$1,341$1,054$824$495
22 years$2,000$1,580$1,236$959$738$430
23 years$1,892$1,477$1,141$873$663$375
24 years$1,794$1,384$1,055$796$596$327
25 years$1,704$1,299$977$727$536$285
26 years$1,621$1,221$906$665$483$249
27 years$1,544$1,149$842$609$435$217
28 years$1,473$1,083$783$558$393$190
29 years$1,407$1,021$728$511$355$166
30 years$1,346$965$678$469$320$145
31 years$1,288$912$632$431$290$127
32 years$1,234$863$590$396$262$111
33 years$1,184$817$551$364$237$97
34 years$1,136$774$515$335$215$85
35 years$1,092$735$481$309$194$75
36 years$1,050$697$450$284$176$65
37 years$1,010$662$421$262$160$57
38 years$973$629$395$241$145$50
39 years$937$598$370$222$131$44
40 years$904$569$346$205$119$39
41 years$872$542$325$189$108$34
42 years$842$516$305$175$98$30
43 years$813$492$286$161$89$26
44 years$785$469$268$149$81$23
45 years$759$447$252$138$73$20
46 years$734$426$237$127$67$18
47 years$711$407$222$117$60$15
48 years$688$388$209$108$55$13
49 years$666$371$196$100$50$12
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 $4,451 every year, while hoping to spend $34,627 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: 43/42/15 Blend
52$661,000$661,000$661,000$661,000
53$733,013$697,980$687,735$761,159
54$770,938$695,338$673,931$778,704
55$811,570$691,407$658,504$793,915
56$855,150$686,085$641,364$809,647
57$901,939$679,268$622,414$825,963
58$952,228$670,843$601,556$842,936
59$1,006,333$660,691$578,685$860,647
60$1,064,600$648,687$553,693$879,189
61$1,127,414$634,697$526,466$898,666
62$1,195,192$618,579$496,884$919,197
63$1,268,396$600,184$464,825$940,914
64$1,347,533$579,353$430,157$963,968
65$1,433,159$555,920$392,745$988,529
66$1,525,887$529,705$352,447$1,014,786
67$1,626,389$500,522$309,116$1,042,952
68$1,735,406$468,173$262,596$1,073,267
69$1,853,751$432,447$212,726$1,105,999
70$1,982,318$393,122$159,338$1,141,448
71$2,122,094$349,964$102,255$1,179,951
72$2,274,160$302,725$41,293$1,221,882
73$2,439,709$251,143$0$1,267,663
74$2,620,052$194,942$0$1,321,564
75$2,816,632$133,828$0$1,387,605
76$3,031,037$67,494$0$1,459,787
77$3,265,015$0$0$1,538,795
78$3,520,491$0$0$1,627,415
79$3,799,582$0$0$1,758,379
80$4,104,621$0$0$1,901,599
81$4,438,174$0$0$2,058,289
82$4,803,068$0$0$2,229,787
83$5,202,416$0$0$2,417,567
84$5,639,644$0$0$2,623,251
85$6,118,527$0$0$2,848,626
86$6,643,221$0$0$3,095,661
87$7,218,303$0$0$3,366,521
88$7,848,813$0$0$3,663,596
89$8,540,304$0$0$3,989,513
90$9,298,891$0$0$4,347,169
91$10,131,309$0$0$4,739,754
92$11,044,978$0$0$5,170,781
93$12,048,070$0$0$5,644,122
94$13,149,586$0$0$6,164,040
95$14,359,445$0$0$6,735,233
96$15,688,571$0$0$7,362,874
97$17,148,998$0$0$8,052,666
98$18,753,984$0$0$8,810,887
99$20,518,136$0$0$9,644,459
100$22,457,546$0$0$10,561,002