Can I retire at age 53 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$54,667$54,180$53,705$53,242$52,789$52,412
2 years$27,063$26,559$26,071$25,597$25,138$24,758
3 years$17,863$17,357$16,869$16,400$15,948$15,577
4 years$13,264$12,759$12,277$11,815$11,374$11,015
5 years$10,505$10,003$9,527$9,075$8,647$8,300
6 years$8,666$8,168$7,699$7,258$6,842$6,508
7 years$7,353$6,860$6,398$5,967$5,564$5,243
8 years$6,369$5,880$5,426$5,005$4,616$4,308
9 years$5,604$5,120$4,674$4,264$3,887$3,593
10 years$4,993$4,513$4,075$3,675$3,312$3,030
11 years$4,492$4,017$3,587$3,199$2,849$2,579
12 years$4,076$3,606$3,183$2,806$2,469$2,212
13 years$3,724$3,259$2,844$2,477$2,153$1,908
14 years$3,422$2,962$2,556$2,199$1,887$1,654
15 years$3,161$2,706$2,307$1,961$1,661$1,440
16 years$2,933$2,483$2,092$1,756$1,468$1,258
17 years$2,732$2,286$1,904$1,578$1,302$1,103
18 years$2,553$2,113$1,738$1,422$1,158$969
19 years$2,393$1,958$1,591$1,285$1,032$853
20 years$2,250$1,819$1,460$1,163$922$753
21 years$2,120$1,695$1,343$1,056$825$666
22 years$2,003$1,582$1,238$960$739$589
23 years$1,895$1,480$1,143$874$664$522
24 years$1,797$1,386$1,057$797$597$463
25 years$1,707$1,301$979$728$537$412
26 years$1,624$1,223$908$666$483$366
27 years$1,547$1,151$843$610$436$326
28 years$1,475$1,084$784$558$393$290
29 years$1,409$1,023$729$512$355$258
30 years$1,348$966$679$470$321$230
31 years$1,290$913$633$432$290$205
32 years$1,236$864$591$397$262$183
33 years$1,186$818$552$365$238$163
34 years$1,138$776$515$336$215$146
35 years$1,093$736$482$309$195$130
36 years$1,051$698$451$285$176$116
37 years$1,012$663$422$262$160$104
38 years$974$630$395$242$145$93
39 years$939$599$370$223$131$83
40 years$905$570$347$206$119$74
41 years$873$543$325$190$108$66
42 years$843$517$305$175$98$59
43 years$814$492$286$162$89$53
44 years$787$469$269$149$81$47
45 years$760$448$252$138$73$42
46 years$735$427$237$127$67$38
47 years$712$408$223$118$61$34
48 years$689$389$209$109$55$30
49 years$667$372$197$100$50$27
50 years$646$355$185$93$45$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $662,000, adding $2,306 every year, while hoping to spend $27,467 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: 50/30/20 Blend
52$662,000$662,000$662,000$662,000
53$731,903$696,817$686,556$764,305
54$777,332$701,736$680,331$791,886
55$826,475$705,976$672,976$818,845
56$879,680$709,474$664,426$847,563
57$937,333$712,164$654,610$878,219
58$999,857$713,975$643,455$911,006
59$1,067,715$714,833$630,884$946,144
60$1,141,420$714,658$616,817$983,870
61$1,221,535$713,366$601,169$1,024,452
62$1,308,677$710,866$583,854$1,068,185
63$1,403,527$707,064$564,779$1,115,394
64$1,506,836$701,859$543,848$1,166,440
65$1,619,427$695,144$520,960$1,221,724
66$1,742,207$686,804$496,011$1,281,688
67$1,876,175$676,721$468,890$1,346,822
68$2,022,430$664,765$439,483$1,417,668
69$2,182,182$650,803$407,670$1,494,824
70$2,356,762$634,690$373,325$1,578,955
71$2,547,638$616,276$336,318$1,670,792
72$2,756,424$595,400$296,511$1,771,148
73$2,984,897$571,892$253,762$1,880,919
74$3,235,014$545,573$207,921$2,001,096
75$3,508,932$516,253$158,833$2,132,775
76$3,809,024$483,730$106,334$2,277,167
77$4,137,904$447,792$50,256$2,435,611
78$4,498,451$408,215$0$2,609,585
79$4,893,835$364,760$0$2,802,771
80$5,327,551$317,177$0$3,026,505
81$5,803,443$265,201$0$3,272,088
82$6,325,749$208,551$0$3,541,766
83$6,899,137$146,931$0$3,838,016
84$7,528,748$80,030$0$4,163,574
85$8,220,244$7,515$0$4,521,455
86$8,979,866$0$0$4,914,987
87$9,814,485$0$0$5,371,266
88$10,731,674$0$0$5,875,486
89$11,739,774$0$0$6,429,763
90$12,847,974$0$0$7,039,157
91$14,066,399$0$0$7,709,247
92$15,406,203$0$0$8,446,177
93$16,879,675$0$0$9,256,717
94$18,500,356$0$0$10,148,326
95$20,283,163$0$0$11,129,224
96$22,244,534$0$0$12,208,465
97$24,402,577$0$0$13,396,027
98$26,777,248$0$0$14,702,902
99$29,390,532$0$0$16,141,203
100$32,266,654$0$0$17,724,278