Can I retire at age 53 with 665,000?

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 $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%14.4%
1 years$54,915$54,426$53,949$53,483$53,028$52,064
2 years$27,186$26,679$26,189$25,713$25,251$24,284
3 years$17,944$17,435$16,946$16,475$16,021$15,079
4 years$13,324$12,817$12,332$11,869$11,426$10,518
5 years$10,552$10,049$9,570$9,117$8,686$7,814
6 years$8,705$8,205$7,734$7,291$6,873$6,038
7 years$7,387$6,891$6,427$5,994$5,589$4,792
8 years$6,398$5,907$5,451$5,028$4,637$3,877
9 years$5,630$5,143$4,695$4,283$3,905$3,182
10 years$5,015$4,533$4,093$3,692$3,327$2,640
11 years$4,513$4,036$3,603$3,213$2,862$2,210
12 years$4,094$3,622$3,198$2,818$2,480$1,863
13 years$3,741$3,273$2,857$2,488$2,162$1,579
14 years$3,438$2,975$2,567$2,209$1,896$1,345
15 years$3,175$2,718$2,318$1,970$1,669$1,149
16 years$2,946$2,494$2,101$1,764$1,475$986
17 years$2,744$2,297$1,912$1,585$1,308$848
18 years$2,565$2,122$1,746$1,428$1,163$730
19 years$2,404$1,967$1,598$1,290$1,037$631
20 years$2,260$1,828$1,467$1,169$926$546
21 years$2,130$1,702$1,349$1,061$829$473
22 years$2,012$1,589$1,243$964$743$410
23 years$1,904$1,486$1,148$878$667$356
24 years$1,805$1,393$1,062$801$599$309
25 years$1,714$1,307$983$732$539$269
26 years$1,631$1,228$912$669$486$234
27 years$1,554$1,156$847$612$438$204
28 years$1,482$1,089$787$561$395$177
29 years$1,416$1,028$733$514$357$155
30 years$1,354$970$682$472$322$135
31 years$1,296$917$636$434$291$118
32 years$1,242$868$594$398$264$103
33 years$1,191$822$554$366$239$90
34 years$1,143$779$518$337$216$78
35 years$1,098$739$484$310$196$68
36 years$1,056$701$453$286$177$60
37 years$1,016$666$424$263$161$52
38 years$979$633$397$243$146$45
39 years$943$602$372$224$132$40
40 years$909$573$349$206$120$35
41 years$877$545$327$190$109$30
42 years$847$519$307$176$99$26
43 years$818$495$288$162$90$23
44 years$790$472$270$150$81$20
45 years$764$450$254$138$74$18
46 years$739$429$238$128$67$15
47 years$715$409$224$118$61$13
48 years$692$391$210$109$55$12
49 years$670$373$198$101$50$10
50 years$649$357$186$93$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $665,000, adding $2,879 every year, while hoping to spend $57,457 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: 69/14/17 Blend
52$665,000$665,000$665,000$665,000
53$735,800$700,555$690,247$783,398
54$749,717$673,748$652,237$788,682
55$763,129$643,702$611,027$787,386
56$775,922$610,198$566,451$784,527
57$787,972$573,003$518,332$779,942
58$799,136$531,871$466,488$773,457
59$809,260$486,545$410,727$764,882
60$818,167$436,748$350,849$754,008
61$825,664$382,192$286,646$740,609
62$831,532$322,570$217,899$724,435
63$835,531$257,559$144,381$705,216
64$837,392$186,816$65,855$682,656
65$836,817$109,981$0$656,432
66$833,475$26,673$0$629,447
67$826,998$0$0$611,018
68$816,978$0$0$598,600
69$802,963$0$0$587,231
70$784,452$0$0$572,421
71$760,891$0$0$553,747
72$731,663$0$0$530,741
73$696,089$0$0$502,885
74$653,415$0$0$469,605
75$602,807$0$0$430,265
76$543,344$0$0$384,166
77$474,005$0$0$330,529
78$393,664$0$0$268,498
79$301,075$0$0$197,123
80$194,860$0$0$115,358
81$73,498$0$0$22,043
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0