Can I retire at age 53 with 667,000?

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 $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%11.8%
1 years$55,080$54,590$54,111$53,644$53,188$52,786
2 years$27,267$26,760$26,267$25,790$25,327$24,923
3 years$17,998$17,488$16,997$16,524$16,069$15,673
4 years$13,364$12,855$12,369$11,905$11,460$11,077
5 years$10,584$10,079$9,599$9,144$8,712$8,342
6 years$8,732$8,230$7,757$7,312$6,893$6,538
7 years$7,409$6,912$6,447$6,012$5,606$5,264
8 years$6,417$5,924$5,467$5,043$4,651$4,323
9 years$5,647$5,158$4,709$4,296$3,917$3,603
10 years$5,030$4,547$4,105$3,703$3,337$3,037
11 years$4,526$4,048$3,614$3,223$2,870$2,584
12 years$4,107$3,633$3,208$2,827$2,487$2,214
13 years$3,752$3,283$2,866$2,496$2,169$1,909
14 years$3,448$2,984$2,575$2,215$1,901$1,654
15 years$3,185$2,726$2,325$1,976$1,674$1,439
16 years$2,955$2,501$2,108$1,769$1,479$1,256
17 years$2,752$2,304$1,918$1,589$1,312$1,100
18 years$2,572$2,129$1,751$1,432$1,166$966
19 years$2,412$1,973$1,603$1,294$1,040$850
20 years$2,267$1,833$1,471$1,172$929$750
21 years$2,136$1,708$1,353$1,064$831$662
22 years$2,018$1,594$1,247$967$745$586
23 years$1,910$1,491$1,151$881$669$519
24 years$1,811$1,397$1,065$803$601$460
25 years$1,720$1,311$986$734$541$408
26 years$1,636$1,232$915$671$487$363
27 years$1,558$1,159$849$614$439$322
28 years$1,487$1,093$790$563$396$287
29 years$1,420$1,031$735$516$358$255
30 years$1,358$973$684$474$323$227
31 years$1,300$920$638$435$292$203
32 years$1,245$871$595$400$264$181
33 years$1,194$824$556$368$239$161
34 years$1,147$781$519$338$217$144
35 years$1,102$741$486$311$196$128
36 years$1,059$703$454$287$178$114
37 years$1,019$668$425$264$161$102
38 years$982$635$398$243$146$91
39 years$946$604$373$225$132$81
40 years$912$574$350$207$120$73
41 years$880$547$328$191$109$65
42 years$849$521$308$176$99$58
43 years$820$496$289$163$90$52
44 years$792$473$271$150$81$46
45 years$766$451$254$139$74$41
46 years$741$430$239$128$67$37
47 years$717$411$224$118$61$33
48 years$694$392$211$109$55$30
49 years$672$374$198$101$50$26
50 years$651$358$186$93$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $667,000, adding $5,357 every year, while hoping to spend $54,565 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: 69/19/12 Blend
52$667,000$667,000$667,000$667,000
53$740,560$705,209$694,870$789,377
54$758,040$681,707$660,092$798,994
55$775,475$655,225$622,319$802,441
56$792,801$625,559$581,395$804,786
57$809,949$592,494$537,154$805,911
58$826,839$555,802$489,424$805,689
59$843,382$515,241$438,024$803,982
60$859,476$470,557$382,767$800,640
61$875,009$421,480$323,457$795,498
62$889,854$367,727$259,887$788,378
63$903,869$308,996$191,843$779,087
64$916,897$244,970$119,103$767,413
65$928,760$175,313$41,432$753,126
66$939,260$99,670$0$735,975
67$948,178$17,667$0$720,994
68$955,268$0$0$708,585
69$960,259$0$0$708,010
70$962,847$0$0$709,280
71$962,695$0$0$708,444
72$959,429$0$0$705,218
73$952,633$0$0$699,286
74$941,848$0$0$690,295
75$926,563$0$0$677,857
76$906,210$0$0$661,541
77$880,164$0$0$640,869
78$847,728$0$0$615,311
79$808,135$0$0$584,283
80$760,532$0$0$547,135
81$703,977$0$0$503,150
82$637,429$0$0$451,536
83$559,735$0$0$391,415
84$469,621$0$0$321,816
85$365,678$0$0$241,669
86$246,349$0$0$149,788
87$109,916$0$0$44,864
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