Can I retire at age 53 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$54,832$54,344$53,868$53,402$52,948$51,377
2 years$27,145$26,639$26,149$25,674$25,213$23,643
3 years$17,917$17,409$16,920$16,450$15,996$14,477
4 years$13,304$12,797$12,314$11,851$11,409$9,951
5 years$10,537$10,033$9,556$9,103$8,673$7,281
6 years$8,692$8,193$7,723$7,280$6,862$5,538
7 years$7,376$6,880$6,418$5,985$5,581$4,324
8 years$6,389$5,898$5,443$5,021$4,630$3,440
9 years$5,621$5,135$4,688$4,276$3,899$2,774
10 years$5,008$4,526$4,087$3,686$3,322$2,261
11 years$4,506$4,030$3,598$3,208$2,857$1,858
12 years$4,088$3,617$3,193$2,814$2,476$1,536
13 years$3,735$3,268$2,853$2,484$2,159$1,277
14 years$3,433$2,971$2,563$2,205$1,893$1,066
15 years$3,171$2,714$2,314$1,967$1,666$893
16 years$2,942$2,490$2,098$1,761$1,473$750
17 years$2,740$2,293$1,909$1,582$1,306$632
18 years$2,561$2,119$1,743$1,426$1,161$533
19 years$2,401$1,964$1,596$1,288$1,035$450
20 years$2,257$1,825$1,464$1,167$924$381
21 years$2,127$1,700$1,347$1,059$827$323
22 years$2,009$1,587$1,241$963$742$274
23 years$1,901$1,484$1,146$877$666$232
24 years$1,802$1,390$1,060$800$598$197
25 years$1,712$1,305$982$730$538$168
26 years$1,628$1,226$911$668$485$143
27 years$1,551$1,154$846$611$437$121
28 years$1,480$1,088$786$560$395$103
29 years$1,413$1,026$732$514$356$88
30 years$1,352$969$681$471$322$75
31 years$1,294$916$635$433$291$64
32 years$1,240$867$593$398$263$54
33 years$1,189$821$553$366$238$46
34 years$1,142$778$517$337$216$39
35 years$1,097$738$483$310$195$33
36 years$1,055$700$452$285$177$29
37 years$1,015$665$423$263$160$24
38 years$977$632$396$242$145$21
39 years$942$601$371$223$132$18
40 years$908$572$348$206$120$15
41 years$876$544$326$190$109$13
42 years$845$518$306$176$98$11
43 years$816$494$287$162$89$9
44 years$789$471$270$150$81$8
45 years$763$449$253$138$74$7
46 years$738$428$238$128$67$6
47 years$714$409$223$118$61$5
48 years$691$390$210$109$55$4
49 years$669$373$197$101$50$4
50 years$648$356$186$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $664,000, adding $4,923 every year, while hoping to spend $45,491 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: 61/12/27 Blend
52$664,000$664,000$664,000$664,000
53$736,806$701,614$691,322$776,133
54$763,558$687,591$666,079$789,433
55$791,514$671,356$638,466$798,595
56$820,749$652,753$608,355$807,624
57$851,344$631,617$575,614$816,519
58$883,386$607,771$540,102$825,276
59$916,971$581,031$501,674$833,896
60$952,200$551,200$460,179$842,381
61$989,187$518,070$415,457$850,736
62$1,028,052$481,424$367,342$858,969
63$1,068,927$441,027$315,662$867,090
64$1,111,955$396,636$260,235$875,116
65$1,157,294$347,990$200,872$883,065
66$1,205,112$294,816$137,375$890,963
67$1,255,596$236,824$69,540$898,841
68$1,308,947$173,709$0$906,736
69$1,365,387$105,148$0$915,515
70$1,425,156$30,799$0$945,844
71$1,488,516$0$0$977,798
72$1,555,757$0$0$1,018,084
73$1,627,191$0$0$1,065,231
74$1,703,163$0$0$1,115,400
75$1,784,050$0$0$1,168,844
76$1,870,262$0$0$1,225,839
77$1,962,252$0$0$1,286,688
78$2,060,513$0$0$1,351,721
79$2,165,587$0$0$1,421,302
80$2,278,068$0$0$1,495,829
81$2,398,608$0$0$1,575,739
82$2,527,920$0$0$1,661,510
83$2,666,788$0$0$1,753,669
84$2,816,074$0$0$1,852,793
85$2,976,720$0$0$1,959,516
86$3,149,765$0$0$2,074,533
87$3,336,346$0$0$2,198,609
88$3,537,717$0$0$2,332,583
89$3,755,250$0$0$2,477,379
90$3,990,458$0$0$2,634,011
91$4,245,000$0$0$2,803,593
92$4,520,703$0$0$2,987,351
93$4,819,572$0$0$3,186,633
94$5,143,816$0$0$3,402,921
95$5,495,860$0$0$3,637,844
96$5,878,376$0$0$3,893,197
97$6,294,299$0$0$4,170,950
98$6,746,861$0$0$4,473,275
99$7,239,616$0$0$4,802,558
100$7,776,476$0$0$5,161,429