Can I retire at age 53 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$55,163$54,671$54,192$53,724$53,267$51,980
2 years$27,308$26,800$26,307$25,829$25,365$24,076
3 years$18,025$17,514$17,022$16,549$16,093$14,842
4 years$13,384$12,875$12,388$11,923$11,478$10,274
5 years$10,600$10,094$9,613$9,158$8,725$7,573
6 years$8,745$8,242$7,769$7,323$6,904$5,805
7 years$7,420$6,922$6,456$6,021$5,615$4,568
8 years$6,427$5,933$5,475$5,051$4,658$3,664
9 years$5,655$5,166$4,716$4,302$3,923$2,980
10 years$5,038$4,554$4,111$3,709$3,342$2,450
11 years$4,533$4,054$3,620$3,228$2,874$2,031
12 years$4,113$3,639$3,212$2,831$2,491$1,695
13 years$3,758$3,288$2,870$2,499$2,172$1,423
14 years$3,453$2,989$2,579$2,219$1,904$1,199
15 years$3,190$2,730$2,328$1,979$1,677$1,015
16 years$2,959$2,505$2,111$1,772$1,482$861
17 years$2,756$2,307$1,921$1,592$1,314$732
18 years$2,576$2,132$1,753$1,435$1,168$624
19 years$2,415$1,976$1,605$1,296$1,041$533
20 years$2,270$1,836$1,473$1,174$930$456
21 years$2,139$1,710$1,355$1,065$832$390
22 years$2,021$1,596$1,249$969$746$335
23 years$1,912$1,493$1,153$882$670$287
24 years$1,813$1,399$1,066$805$602$247
25 years$1,722$1,313$988$735$542$212
26 years$1,638$1,234$916$672$488$182
27 years$1,561$1,161$851$615$440$157
28 years$1,489$1,094$791$564$397$135
29 years$1,422$1,032$736$517$358$116
30 years$1,360$975$685$474$324$100
31 years$1,302$922$639$436$293$86
32 years$1,247$872$596$400$265$74
33 years$1,196$826$557$368$240$64
34 years$1,148$783$520$339$217$55
35 years$1,103$742$486$312$197$48
36 years$1,061$705$455$287$178$41
37 years$1,021$669$426$265$161$35
38 years$983$636$399$244$146$30
39 years$947$605$374$225$133$26
40 years$913$575$350$207$120$23
41 years$881$548$328$191$109$20
42 years$850$522$308$177$99$17
43 years$821$497$289$163$90$15
44 years$794$474$271$151$82$13
45 years$767$452$255$139$74$11
46 years$742$431$239$128$67$9
47 years$718$411$225$119$61$8
48 years$695$393$211$110$55$7
49 years$673$375$199$101$50$6
50 years$652$358$187$94$46$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $668,000, adding $4,853 every year, while hoping to spend $22,271 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: 44/46/10 Blend
52$668,000$668,000$668,000$668,000
53$741,142$705,738$695,384$771,425
54$793,042$716,623$694,983$803,833
55$849,490$727,295$693,822$836,286
56$910,925$737,720$691,853$870,956
57$977,833$747,861$689,023$908,056
58$1,050,746$757,680$685,280$947,819
59$1,130,251$767,136$680,565$990,505
60$1,216,994$776,183$674,822$1,036,398
61$1,311,686$784,774$667,987$1,085,815
62$1,415,109$792,859$659,995$1,139,104
63$1,528,124$800,383$650,779$1,196,649
64$1,651,680$807,290$640,268$1,258,875
65$1,786,821$813,516$628,386$1,326,251
66$1,934,697$818,999$615,057$1,399,294
67$2,096,572$823,666$600,198$1,478,578
68$2,273,843$827,446$583,725$1,564,733
69$2,468,042$830,258$565,547$1,658,456
70$2,680,861$832,019$545,571$1,760,518
71$2,914,162$832,641$523,701$1,871,767
72$3,169,994$832,029$499,833$1,993,142
73$3,450,617$830,082$473,861$2,125,680
74$3,758,519$826,694$445,674$2,270,522
75$4,096,438$821,752$415,154$2,428,932
76$4,467,393$815,136$382,180$2,602,301
77$4,874,709$806,720$346,625$2,792,169
78$5,322,047$796,368$308,355$3,000,232
79$5,813,443$783,937$267,232$3,228,363
80$6,353,341$769,276$223,111$3,478,629
81$6,946,636$752,225$175,840$3,753,311
82$7,598,724$732,614$125,261$4,054,927
83$8,315,545$710,264$71,208$4,386,254
84$9,103,647$684,983$13,510$4,750,356
85$9,970,243$656,571$0$5,150,617
86$10,923,279$624,815$0$5,595,895
87$11,971,511$589,489$0$6,087,050
88$13,124,586$550,355$0$6,627,201
89$14,393,132$507,160$0$7,221,381
90$15,788,859$459,639$0$7,875,138
91$17,324,671$407,509$0$8,594,594
92$19,014,785$350,474$0$9,386,498
93$20,874,864$288,219$0$10,258,293
94$22,922,169$220,410$0$11,218,189
95$25,175,719$146,699$0$12,275,237
96$27,656,468$66,713$0$13,439,420
97$30,387,508$0$0$14,721,745
98$33,394,282$0$0$16,144,441
99$36,704,825$0$0$17,748,152
100$40,350,029$0$0$19,514,086