Can I retire at age 53 with 663,000?

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 $663,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$54,750$54,262$53,786$53,322$52,869$50,892
2 years$27,104$26,599$26,110$25,636$25,176$23,206
3 years$17,890$17,383$16,895$16,425$15,972$14,073
4 years$13,284$12,778$12,295$11,833$11,392$9,577
5 years$10,521$10,018$9,542$9,089$8,660$6,934
6 years$8,679$8,181$7,711$7,269$6,852$5,216
7 years$7,365$6,870$6,408$5,976$5,573$4,026
8 years$6,379$5,889$5,434$5,013$4,623$3,165
9 years$5,613$5,127$4,681$4,270$3,893$2,522
10 years$5,000$4,520$4,081$3,681$3,317$2,029
11 years$4,499$4,023$3,593$3,203$2,853$1,646
12 years$4,082$3,611$3,188$2,810$2,472$1,343
13 years$3,729$3,264$2,849$2,481$2,156$1,102
14 years$3,427$2,966$2,559$2,202$1,890$907
15 years$3,166$2,710$2,311$1,964$1,664$749
16 years$2,937$2,486$2,095$1,758$1,471$620
17 years$2,736$2,290$1,906$1,580$1,304$515
18 years$2,557$2,116$1,740$1,424$1,159$428
19 years$2,397$1,961$1,593$1,287$1,033$356
20 years$2,253$1,822$1,462$1,165$923$297
21 years$2,123$1,697$1,345$1,057$826$247
22 years$2,006$1,584$1,240$962$740$207
23 years$1,898$1,482$1,144$876$665$173
24 years$1,800$1,388$1,058$799$597$144
25 years$1,709$1,303$980$729$538$121
26 years$1,626$1,225$909$667$484$101
27 years$1,549$1,152$844$610$437$84
28 years$1,478$1,086$785$559$394$71
29 years$1,411$1,024$730$513$356$59
30 years$1,350$968$680$471$321$50
31 years$1,292$915$634$432$291$42
32 years$1,238$865$592$397$263$35
33 years$1,187$820$553$365$238$29
34 years$1,140$777$516$336$215$24
35 years$1,095$737$483$309$195$20
36 years$1,053$699$452$285$177$17
37 years$1,013$664$423$263$160$14
38 years$976$631$396$242$145$12
39 years$940$600$371$223$132$10
40 years$906$571$348$206$119$8
41 years$874$544$326$190$108$7
42 years$844$518$306$175$98$6
43 years$815$493$287$162$89$5
44 years$788$470$269$149$81$4
45 years$762$448$253$138$74$3
46 years$737$428$237$127$67$3
47 years$713$408$223$118$61$2
48 years$690$390$210$109$55$2
49 years$668$372$197$101$50$2
50 years$647$355$185$93$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $663,000, adding $6,582 every year, while hoping to spend $21,002 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: 43/46/11 Blend
52$663,000$663,000$663,000$663,000
53$737,415$702,276$692,000$766,502
54$790,286$714,342$692,836$799,515
55$847,845$726,295$692,996$832,625
56$910,549$738,107$692,435$868,025
57$978,900$749,750$691,107$905,933
58$1,053,451$761,190$688,962$946,590
59$1,134,809$772,394$685,948$990,262
60$1,223,643$783,325$682,011$1,037,242
61$1,320,690$793,944$677,094$1,087,853
62$1,426,762$804,209$671,138$1,142,454
63$1,542,751$814,074$664,080$1,201,438
64$1,669,640$823,492$655,856$1,265,240
65$1,808,512$832,412$646,396$1,334,342
66$1,960,559$840,779$635,629$1,409,274
67$2,127,094$848,535$623,480$1,490,621
68$2,309,561$855,617$609,870$1,579,029
69$2,509,554$861,960$594,718$1,675,212
70$2,728,825$867,492$577,938$1,779,956
71$2,969,306$872,140$559,439$1,894,131
72$3,233,123$875,822$539,128$2,018,695
73$3,522,619$878,455$516,907$2,154,706
74$3,840,375$879,948$492,672$2,303,332
75$4,189,233$880,206$466,316$2,465,861
76$4,572,324$879,126$437,728$2,643,717
77$4,993,099$876,600$406,789$2,838,466
78$5,455,356$872,514$373,377$3,051,842
79$5,963,281$866,746$337,364$3,285,754
80$6,521,486$859,168$298,616$3,542,310
81$7,135,052$849,641$256,994$3,823,836
82$7,809,575$838,021$212,351$4,132,897
83$8,551,222$824,154$164,535$4,472,324
84$9,366,786$807,878$113,387$4,845,240
85$10,263,754$789,019$58,741$5,255,090
86$11,250,371$767,395$423$5,705,673
87$12,335,724$742,813$0$6,201,182
88$13,529,824$715,067$0$6,753,494
89$14,843,702$683,942$0$7,360,981
90$16,289,512$649,206$0$8,029,240
91$17,880,644$610,620$0$8,764,501
92$19,631,854$567,924$0$9,573,630
93$21,559,400$520,850$0$10,464,202
94$23,681,196$469,109$0$11,444,567
95$26,016,982$412,399$0$12,523,931
96$28,588,508$350,400$0$13,712,448
97$31,419,739$282,773$0$15,021,310
98$34,537,086$209,162$0$16,462,859
99$37,969,646$129,188$0$18,050,701
100$41,749,485$42,454$0$19,799,839