Can I retire at age 53 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$55,080$54,590$54,111$53,644$53,188$51,818
2 years$27,267$26,760$26,267$25,790$25,327$23,956
3 years$17,998$17,488$16,997$16,524$16,069$14,739
4 years$13,364$12,855$12,369$11,905$11,460$10,183
5 years$10,584$10,079$9,599$9,144$8,712$7,490
6 years$8,732$8,230$7,757$7,312$6,893$5,728
7 years$7,409$6,912$6,447$6,012$5,606$4,498
8 years$6,417$5,924$5,467$5,043$4,651$3,599
9 years$5,647$5,158$4,709$4,296$3,917$2,920
10 years$5,030$4,547$4,105$3,703$3,337$2,395
11 years$4,526$4,048$3,614$3,223$2,870$1,980
12 years$4,107$3,633$3,208$2,827$2,487$1,649
13 years$3,752$3,283$2,866$2,496$2,169$1,380
14 years$3,448$2,984$2,575$2,215$1,901$1,160
15 years$3,185$2,726$2,325$1,976$1,674$979
16 years$2,955$2,501$2,108$1,769$1,479$828
17 years$2,752$2,304$1,918$1,589$1,312$702
18 years$2,572$2,129$1,751$1,432$1,166$597
19 years$2,412$1,973$1,603$1,294$1,040$508
20 years$2,267$1,833$1,471$1,172$929$433
21 years$2,136$1,708$1,353$1,064$831$370
22 years$2,018$1,594$1,247$967$745$316
23 years$1,910$1,491$1,151$881$669$270
24 years$1,811$1,397$1,065$803$601$231
25 years$1,720$1,311$986$734$541$198
26 years$1,636$1,232$915$671$487$170
27 years$1,558$1,159$849$614$439$146
28 years$1,487$1,093$790$563$396$125
29 years$1,420$1,031$735$516$358$107
30 years$1,358$973$684$474$323$92
31 years$1,300$920$638$435$292$79
32 years$1,245$871$595$400$264$68
33 years$1,194$824$556$368$239$58
34 years$1,147$781$519$338$217$50
35 years$1,102$741$486$311$196$43
36 years$1,059$703$454$287$178$37
37 years$1,019$668$425$264$161$32
38 years$982$635$398$243$146$27
39 years$946$604$373$225$132$23
40 years$912$574$350$207$120$20
41 years$880$547$328$191$109$17
42 years$849$521$308$176$99$15
43 years$820$496$289$163$90$13
44 years$792$473$271$150$81$11
45 years$766$451$254$139$74$9
46 years$741$430$239$128$67$8
47 years$717$411$224$118$61$7
48 years$694$392$211$109$55$6
49 years$672$374$198$101$50$5
50 years$651$358$186$93$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $667,000, adding $5,901 every year, while hoping to spend $39,431 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: 62/16/22 Blend
52$667,000$667,000$667,000$667,000
53$741,121$705,770$695,431$782,463
54$774,761$698,398$676,774$803,736
55$810,511$689,344$656,170$822,061
56$848,544$678,483$633,513$841,179
57$889,050$665,683$608,690$861,173
58$932,238$650,806$581,586$882,135
59$978,334$633,704$552,077$904,167
60$1,027,589$614,221$520,037$927,386
61$1,080,277$592,191$485,331$951,921
62$1,136,696$567,439$447,821$977,915
63$1,197,177$539,781$407,361$1,005,528
64$1,262,079$509,021$363,798$1,034,942
65$1,331,799$474,951$316,973$1,066,354
66$1,406,772$437,353$266,721$1,099,988
67$1,487,475$395,996$212,869$1,136,092
68$1,574,432$350,634$155,234$1,174,942
69$1,668,218$301,009$93,629$1,216,844
70$1,769,466$246,848$27,855$1,262,140
71$1,878,871$187,863$0$1,311,211
72$1,997,196$123,748$0$1,374,415
73$2,125,280$54,182$0$1,449,908
74$2,264,047$0$0$1,531,716
75$2,414,510$0$0$1,624,200
76$2,577,786$0$0$1,734,954
77$2,755,102$0$0$1,855,275
78$2,947,806$0$0$1,986,084
79$3,157,385$0$0$2,128,396
80$3,385,471$0$0$2,283,324
81$3,633,862$0$0$2,452,097
82$3,904,535$0$0$2,636,065
83$4,199,668$0$0$2,836,714
84$4,521,656$0$0$3,055,680
85$4,873,136$0$0$3,294,763
86$5,257,010$0$0$3,555,947
87$5,676,474$0$0$3,841,412
88$6,135,045$0$0$4,153,561
89$6,636,598$0$0$4,495,040
90$7,185,396$0$0$4,868,762
91$7,786,134$0$0$5,277,932
92$8,443,985$0$0$5,726,083
93$9,164,642$0$0$6,217,104
94$9,954,376$0$0$6,755,279
95$10,820,094$0$0$7,345,325
96$11,769,402$0$0$7,992,437
97$12,810,677$0$0$8,702,338
98$13,953,147$0$0$9,481,331
99$15,206,977$0$0$10,336,358
100$16,583,361$0$0$11,275,069