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%17.3%
1 years$55,080$54,590$54,111$53,644$53,188$51,609
2 years$27,267$26,760$26,267$25,790$25,327$23,750
3 years$17,998$17,488$16,997$16,524$16,069$14,542
4 years$13,364$12,855$12,369$11,905$11,460$9,996
5 years$10,584$10,079$9,599$9,144$8,712$7,314
6 years$8,732$8,230$7,757$7,312$6,893$5,563
7 years$7,409$6,912$6,447$6,012$5,606$4,344
8 years$6,417$5,924$5,467$5,043$4,651$3,455
9 years$5,647$5,158$4,709$4,296$3,917$2,786
10 years$5,030$4,547$4,105$3,703$3,337$2,271
11 years$4,526$4,048$3,614$3,223$2,870$1,866
12 years$4,107$3,633$3,208$2,827$2,487$1,543
13 years$3,752$3,283$2,866$2,496$2,169$1,283
14 years$3,448$2,984$2,575$2,215$1,901$1,071
15 years$3,185$2,726$2,325$1,976$1,674$897
16 years$2,955$2,501$2,108$1,769$1,479$754
17 years$2,752$2,304$1,918$1,589$1,312$635
18 years$2,572$2,129$1,751$1,432$1,166$535
19 years$2,412$1,973$1,603$1,294$1,040$452
20 years$2,267$1,833$1,471$1,172$929$383
21 years$2,136$1,708$1,353$1,064$831$324
22 years$2,018$1,594$1,247$967$745$275
23 years$1,910$1,491$1,151$881$669$233
24 years$1,811$1,397$1,065$803$601$198
25 years$1,720$1,311$986$734$541$168
26 years$1,636$1,232$915$671$487$143
27 years$1,558$1,159$849$614$439$122
28 years$1,487$1,093$790$563$396$104
29 years$1,420$1,031$735$516$358$88
30 years$1,358$973$684$474$323$75
31 years$1,300$920$638$435$292$64
32 years$1,245$871$595$400$264$54
33 years$1,194$824$556$368$239$46
34 years$1,147$781$519$338$217$39
35 years$1,102$741$486$311$196$34
36 years$1,059$703$454$287$178$29
37 years$1,019$668$425$264$161$24
38 years$982$635$398$243$146$21
39 years$946$604$373$225$132$18
40 years$912$574$350$207$120$15
41 years$880$547$328$191$109$13
42 years$849$521$308$176$99$11
43 years$820$496$289$163$90$9
44 years$792$473$271$150$81$8
45 years$766$451$254$139$74$7
46 years$741$430$239$128$67$6
47 years$717$411$224$118$61$5
48 years$694$392$211$109$55$4
49 years$672$374$198$101$50$4
50 years$651$358$186$93$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $667,000, adding $4,243 every year, while hoping to spend $21,106 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: 71/7/22 Blend
52$667,000$667,000$667,000$667,000
53$739,411$704,060$693,721$787,596
54$792,374$716,102$694,504$832,331
55$850,032$728,027$694,606$878,401
56$912,842$739,807$693,982$928,329
57$981,305$751,411$692,584$982,493
58$1,055,976$762,807$690,363$1,041,313
59$1,137,462$773,961$687,266$1,105,251
60$1,226,433$784,836$683,240$1,174,816
61$1,323,628$795,391$678,227$1,250,569
62$1,429,857$805,585$672,167$1,333,129
63$1,546,016$815,372$664,998$1,423,177
64$1,673,087$824,702$656,653$1,521,466
65$1,812,155$833,526$647,064$1,628,824
66$1,964,413$841,787$636,159$1,746,163
67$2,131,175$849,426$623,862$1,874,492
68$2,313,888$856,382$610,095$2,014,919
69$2,514,146$862,585$594,774$2,168,667
70$2,733,704$867,967$577,814$2,337,086
71$2,974,494$872,450$559,123$2,521,662
72$3,238,647$875,955$538,609$2,724,033
73$3,528,508$878,395$516,170$2,946,006
74$3,846,658$879,679$491,705$3,189,571
75$4,195,945$879,711$465,105$3,456,924
76$4,579,502$878,388$436,257$3,750,483
77$5,000,783$875,600$405,042$4,072,916
78$5,463,591$871,232$371,339$4,427,163
79$5,972,116$865,162$335,018$4,816,463
80$6,530,974$857,257$295,944$5,244,388
81$7,145,252$847,381$253,976$5,714,875
82$7,820,552$835,387$208,968$6,232,265
83$8,563,046$821,119$160,767$6,801,341
84$9,379,537$804,414$109,212$7,427,375
85$10,277,515$785,096$54,137$8,116,180
86$11,265,238$762,981$0$8,874,161
87$12,351,799$737,874$0$9,709,468
88$13,547,221$709,569$0$10,642,429
89$14,862,546$677,846$0$11,668,943
90$16,309,940$642,475$0$12,798,513
91$17,902,807$603,209$0$14,041,610
92$19,655,918$559,791$0$15,409,770
93$21,585,548$511,947$0$16,915,706
94$23,709,629$459,387$0$18,573,428
95$26,047,920$401,807$0$20,398,373
96$28,622,194$338,881$0$22,407,553
97$31,456,442$270,271$0$24,619,711
98$34,577,099$195,613$0$27,055,507
99$38,013,294$114,529$0$29,737,701
100$41,797,124$26,616$0$32,691,379