Can I retire at age 53 with 665,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $665,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$54,915$54,426$53,949$53,483$53,028$52,540
2 years$27,186$26,679$26,189$25,713$25,251$24,760
3 years$17,944$17,435$16,946$16,475$16,021$15,540
4 years$13,324$12,817$12,332$11,869$11,426$10,961
5 years$10,552$10,049$9,570$9,117$8,686$8,237
6 years$8,705$8,205$7,734$7,291$6,873$6,442
7 years$7,387$6,891$6,427$5,994$5,589$5,176
8 years$6,398$5,907$5,451$5,028$4,637$4,241
9 years$5,630$5,143$4,695$4,283$3,905$3,526
10 years$5,015$4,533$4,093$3,692$3,327$2,965
11 years$4,513$4,036$3,603$3,213$2,862$2,516
12 years$4,094$3,622$3,198$2,818$2,480$2,151
13 years$3,741$3,273$2,857$2,488$2,162$1,849
14 years$3,438$2,975$2,567$2,209$1,896$1,598
15 years$3,175$2,718$2,318$1,970$1,669$1,387
16 years$2,946$2,494$2,101$1,764$1,475$1,208
17 years$2,744$2,297$1,912$1,585$1,308$1,055
18 years$2,565$2,122$1,746$1,428$1,163$923
19 years$2,404$1,967$1,598$1,290$1,037$810
20 years$2,260$1,828$1,467$1,169$926$712
21 years$2,130$1,702$1,349$1,061$829$627
22 years$2,012$1,589$1,243$964$743$553
23 years$1,904$1,486$1,148$878$667$489
24 years$1,805$1,393$1,062$801$599$432
25 years$1,714$1,307$983$732$539$382
26 years$1,631$1,228$912$669$486$338
27 years$1,554$1,156$847$612$438$300
28 years$1,482$1,089$787$561$395$266
29 years$1,416$1,028$733$514$357$236
30 years$1,354$970$682$472$322$209
31 years$1,296$917$636$434$291$186
32 years$1,242$868$594$398$264$165
33 years$1,191$822$554$366$239$147
34 years$1,143$779$518$337$216$131
35 years$1,098$739$484$310$196$116
36 years$1,056$701$453$286$177$103
37 years$1,016$666$424$263$161$92
38 years$979$633$397$243$146$82
39 years$943$602$372$224$132$73
40 years$909$573$349$206$120$65
41 years$877$545$327$190$109$58
42 years$847$519$307$176$99$51
43 years$818$495$288$162$90$46
44 years$790$472$270$150$81$41
45 years$764$450$254$138$74$36
46 years$739$429$238$128$67$32
47 years$715$409$224$118$61$29
48 years$692$391$210$109$55$26
49 years$670$373$198$101$50$23
50 years$649$357$186$93$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $665,000, adding $3,843 every year, while hoping to spend $32,577 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: 51/26/23 Blend
52$665,000$665,000$665,000$665,000
53$736,794$701,549$691,242$769,458
54$777,285$701,263$679,736$792,201
55$820,815$699,872$666,754$813,279
56$867,658$697,286$652,211$835,525
57$918,118$693,411$636,018$859,063
58$972,526$688,149$618,085$884,030
59$1,031,248$681,392$598,315$910,580
60$1,094,685$673,029$576,608$938,885
61$1,163,277$662,942$552,858$969,133
62$1,237,508$651,003$526,956$1,001,538
63$1,317,912$637,081$498,788$1,036,335
64$1,405,074$621,032$468,232$1,073,786
65$1,499,637$602,709$435,163$1,114,183
66$1,602,311$581,952$399,452$1,157,848
67$1,713,872$558,594$360,959$1,205,142
68$1,835,179$532,457$319,543$1,256,464
69$1,967,174$503,353$275,055$1,312,257
70$2,110,894$471,086$227,337$1,373,013
71$2,267,479$435,443$176,227$1,439,277
72$2,438,187$396,205$121,555$1,511,655
73$2,624,398$353,135$63,144$1,590,816
74$2,827,635$305,987$808$1,677,505
75$3,049,572$254,499$0$1,772,546
76$3,292,053$198,393$0$1,892,978
77$3,557,106$137,378$0$2,024,945
78$3,846,966$71,145$0$2,169,419
79$4,164,094$0$0$2,327,695
80$4,511,198$0$0$2,501,381
81$4,891,261$0$0$2,713,914
82$5,307,568$0$0$2,946,782
83$5,763,737$0$0$3,202,018
84$6,263,750$0$0$3,481,860
85$6,811,997$0$0$3,788,773
86$7,413,309$0$0$4,125,472
87$8,073,010$0$0$4,494,947
88$8,796,961$0$0$4,900,491
89$9,591,622$0$0$5,345,734
90$10,464,105$0$0$5,834,670
91$11,422,246$0$0$6,371,705
92$12,474,679$0$0$6,961,686
93$13,630,911$0$0$7,609,958
94$14,901,419$0$0$8,322,406
95$16,297,744$0$0$9,105,515
96$17,832,600$0$0$9,966,429
97$19,519,995$0$0$10,913,020
98$21,375,361$0$0$11,953,958
99$23,415,700$0$0$13,098,797
100$25,659,745$0$0$14,358,065