Can I retire at age 53 with 666,000?

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 $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%13.3%
1 years$54,998$54,508$54,030$53,563$53,108$52,379
2 years$27,227$26,719$26,228$25,752$25,289$24,557
3 years$17,971$17,461$16,971$16,499$16,045$15,330
4 years$13,344$12,836$12,351$11,887$11,443$10,753
5 years$10,568$10,064$9,585$9,130$8,699$8,035
6 years$8,719$8,218$7,746$7,302$6,883$6,246
7 years$7,398$6,901$6,437$6,003$5,598$4,988
8 years$6,408$5,916$5,459$5,036$4,644$4,061
9 years$5,638$5,151$4,702$4,289$3,911$3,355
10 years$5,023$4,540$4,099$3,697$3,332$2,803
11 years$4,520$4,042$3,609$3,218$2,866$2,362
12 years$4,101$3,628$3,203$2,823$2,483$2,005
13 years$3,746$3,278$2,861$2,492$2,166$1,712
14 years$3,443$2,980$2,571$2,212$1,898$1,468
15 years$3,180$2,722$2,321$1,973$1,672$1,265
16 years$2,951$2,498$2,105$1,766$1,477$1,093
17 years$2,748$2,300$1,915$1,587$1,310$947
18 years$2,569$2,125$1,748$1,430$1,165$823
19 years$2,408$1,970$1,600$1,292$1,038$716
20 years$2,264$1,830$1,469$1,170$927$625
21 years$2,133$1,705$1,351$1,062$830$546
22 years$2,015$1,592$1,245$966$744$477
23 years$1,907$1,489$1,150$880$668$418
24 years$1,808$1,395$1,063$802$600$366
25 years$1,717$1,309$985$733$540$321
26 years$1,633$1,230$913$670$486$282
27 years$1,556$1,158$848$613$439$248
28 years$1,484$1,091$788$562$396$218
29 years$1,418$1,029$734$515$357$191
30 years$1,356$972$683$473$323$168
31 years$1,298$919$637$434$292$148
32 years$1,244$869$594$399$264$131
33 years$1,193$823$555$367$239$115
34 years$1,145$780$519$338$216$101
35 years$1,100$740$485$311$196$89
36 years$1,058$702$454$286$178$79
37 years$1,018$667$425$264$161$69
38 years$980$634$398$243$146$61
39 years$944$603$372$224$132$54
40 years$911$574$349$207$120$48
41 years$878$546$327$191$109$42
42 years$848$520$307$176$99$37
43 years$819$495$288$163$90$33
44 years$791$472$270$150$81$29
45 years$765$450$254$139$74$25
46 years$740$430$239$128$67$22
47 years$716$410$224$118$61$20
48 years$693$391$211$109$55$17
49 years$671$374$198$101$50$15
50 years$650$357$186$93$46$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $666,000, adding $2,671 every year, while hoping to spend $56,615 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: 58/34/8 Blend
52$666,000$666,000$666,000$666,000
53$736,687$701,389$691,066$777,939
54$751,591$675,519$653,979$780,117
55$766,118$646,484$613,752$775,870
56$780,170$614,069$570,220$769,844
57$793,635$578,047$523,211$761,875
58$806,392$538,177$472,544$751,783
59$818,302$494,206$418,032$739,374
60$829,210$445,864$359,478$724,437
61$838,946$392,868$296,677$706,746
62$847,318$334,917$229,415$686,051
63$854,111$271,695$157,467$662,087
64$859,089$202,867$80,601$634,562
65$861,987$128,078$0$603,161
66$862,512$46,956$0$567,665
67$860,337$0$0$534,931
68$855,101$0$0$512,992
69$846,402$0$0$506,374
70$833,793$0$0$497,225
71$816,782$0$0$485,228
72$794,821$0$0$470,031
73$767,304$0$0$451,247
74$733,560$0$0$428,445
75$692,845$0$0$401,148
76$644,338$0$0$368,831
77$587,129$0$0$330,911
78$520,213$0$0$286,743
79$442,477$0$0$235,616
80$352,691$0$0$176,742
81$249,498$0$0$109,252
82$131,395$0$0$32,183
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