Can I retire at age 53 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$54,998$54,508$54,030$53,563$53,108$51,223
2 years$27,227$26,719$26,228$25,752$25,289$23,411
3 years$17,971$17,461$16,971$16,499$16,045$14,231
4 years$13,344$12,836$12,351$11,887$11,443$9,709
5 years$10,568$10,064$9,585$9,130$8,699$7,048
6 years$8,719$8,218$7,746$7,302$6,883$5,317
7 years$7,398$6,901$6,437$6,003$5,598$4,116
8 years$6,408$5,916$5,459$5,036$4,644$3,245
9 years$5,638$5,151$4,702$4,289$3,911$2,593
10 years$5,023$4,540$4,099$3,697$3,332$2,094
11 years$4,520$4,042$3,609$3,218$2,866$1,704
12 years$4,101$3,628$3,203$2,823$2,483$1,395
13 years$3,746$3,278$2,861$2,492$2,166$1,148
14 years$3,443$2,980$2,571$2,212$1,898$948
15 years$3,180$2,722$2,321$1,973$1,672$786
16 years$2,951$2,498$2,105$1,766$1,477$653
17 years$2,748$2,300$1,915$1,587$1,310$544
18 years$2,569$2,125$1,748$1,430$1,165$454
19 years$2,408$1,970$1,600$1,292$1,038$379
20 years$2,264$1,830$1,469$1,170$927$317
21 years$2,133$1,705$1,351$1,062$830$266
22 years$2,015$1,592$1,245$966$744$223
23 years$1,907$1,489$1,150$880$668$187
24 years$1,808$1,395$1,063$802$600$157
25 years$1,717$1,309$985$733$540$132
26 years$1,633$1,230$913$670$486$110
27 years$1,556$1,158$848$613$439$93
28 years$1,484$1,091$788$562$396$78
29 years$1,418$1,029$734$515$357$66
30 years$1,356$972$683$473$323$55
31 years$1,298$919$637$434$292$46
32 years$1,244$869$594$399$264$39
33 years$1,193$823$555$367$239$33
34 years$1,145$780$519$338$216$28
35 years$1,100$740$485$311$196$23
36 years$1,058$702$454$286$178$20
37 years$1,018$667$425$264$161$16
38 years$980$634$398$243$146$14
39 years$944$603$372$224$132$12
40 years$911$574$349$207$120$10
41 years$878$546$327$191$109$8
42 years$848$520$307$176$99$7
43 years$819$495$288$163$90$6
44 years$791$472$270$150$81$5
45 years$765$450$254$139$74$4
46 years$740$430$239$128$67$3
47 years$716$410$224$118$61$3
48 years$693$391$211$109$55$2
49 years$671$374$198$101$50$2
50 years$650$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $666,000, adding $5,420 every year, while hoping to spend $35,969 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: 69/18/13 Blend
52$666,000$666,000$666,000$666,000
53$739,523$704,225$693,902$788,052
54$776,683$700,461$678,877$817,244
55$816,429$695,307$662,143$844,345
56$858,985$688,658$643,605$873,061
57$904,599$680,399$623,163$903,546
58$953,542$670,413$600,714$935,971
59$1,006,113$658,573$576,147$970,523
60$1,062,639$644,746$549,350$1,007,410
61$1,123,478$628,788$520,203$1,046,863
62$1,189,025$610,551$488,582$1,089,136
63$1,259,712$589,875$454,357$1,134,513
64$1,336,016$566,592$417,391$1,183,303
65$1,418,459$540,524$377,543$1,235,853
66$1,507,616$511,484$334,665$1,292,543
67$1,604,118$479,271$288,601$1,353,796
68$1,708,658$443,676$239,189$1,420,077
69$1,822,001$404,476$186,262$1,491,904
70$1,944,985$361,435$129,642$1,569,844
71$2,078,534$314,306$69,145$1,654,530
72$2,223,662$262,824$4,578$1,746,658
73$2,381,486$206,713$0$1,846,997
74$2,553,235$145,679$0$1,965,321
75$2,740,260$79,414$0$2,094,905
76$2,944,051$7,588$0$2,236,184
77$3,166,242$0$0$2,390,336
78$3,408,637$0$0$2,572,555
79$3,673,219$0$0$2,773,130
80$3,962,170$0$0$2,992,216
81$4,277,895$0$0$3,231,639
82$4,623,038$0$0$3,493,412
83$5,000,512$0$0$3,779,747
84$5,413,526$0$0$4,093,085
85$5,865,611$0$0$4,436,108
86$6,360,655$0$0$4,811,775
87$6,902,941$0$0$5,223,339
88$7,497,186$0$0$5,674,387
89$8,148,583$0$0$6,168,867
90$8,862,854$0$0$6,711,129
91$9,646,298$0$0$7,305,962
92$10,505,855$0$0$7,958,642
93$11,449,170$0$0$8,674,981
94$12,484,663$0$0$9,461,380
95$13,621,607$0$0$10,324,891
96$14,870,220$0$0$11,273,281
97$16,241,756$0$0$12,315,108
98$17,748,615$0$0$13,459,797
99$19,404,455$0$0$14,717,733
100$21,224,322$0$0$16,100,358