Can I retire at age 53 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$55,245$54,753$54,273$53,805$53,347$52,724
2 years$27,349$26,840$26,346$25,868$25,403$24,776
3 years$18,052$17,540$17,048$16,574$16,117$15,505
4 years$13,404$12,894$12,406$11,940$11,495$10,903
5 years$10,616$10,109$9,628$9,171$8,738$8,168
6 years$8,758$8,255$7,781$7,334$6,914$6,367
7 years$7,431$6,932$6,466$6,030$5,623$5,099
8 years$6,437$5,942$5,484$5,058$4,665$4,163
9 years$5,664$5,174$4,723$4,309$3,929$3,449
10 years$5,045$4,560$4,118$3,714$3,347$2,890
11 years$4,540$4,060$3,625$3,232$2,879$2,444
12 years$4,119$3,644$3,217$2,835$2,495$2,081
13 years$3,763$3,293$2,874$2,503$2,175$1,782
14 years$3,458$2,993$2,583$2,222$1,907$1,534
15 years$3,195$2,734$2,332$1,982$1,679$1,326
16 years$2,964$2,509$2,114$1,774$1,484$1,150
17 years$2,761$2,311$1,924$1,594$1,316$1,000
18 years$2,580$2,135$1,756$1,437$1,170$872
19 years$2,419$1,979$1,608$1,298$1,043$762
20 years$2,274$1,839$1,475$1,176$931$667
21 years$2,143$1,713$1,357$1,067$834$585
22 years$2,024$1,599$1,251$970$747$513
23 years$1,915$1,495$1,155$884$671$451
24 years$1,816$1,401$1,068$806$603$397
25 years$1,725$1,315$989$736$542$349
26 years$1,641$1,236$917$673$489$308
27 years$1,563$1,163$852$616$441$272
28 years$1,491$1,096$792$564$397$240
29 years$1,424$1,034$737$518$359$212
30 years$1,362$976$686$475$324$187
31 years$1,304$923$640$436$293$165
32 years$1,249$873$597$401$265$146
33 years$1,198$827$558$369$240$129
34 years$1,150$784$521$339$217$114
35 years$1,105$743$487$312$197$101
36 years$1,063$706$456$288$178$89
37 years$1,022$670$426$265$162$79
38 years$985$637$399$244$147$70
39 years$949$606$374$225$133$62
40 years$915$576$351$208$121$55
41 years$882$548$329$192$109$49
42 years$852$522$308$177$99$43
43 years$823$498$289$163$90$38
44 years$795$474$272$151$82$34
45 years$768$452$255$139$74$30
46 years$743$432$240$129$67$27
47 years$719$412$225$119$61$24
48 years$696$393$212$110$56$21
49 years$674$375$199$101$50$19
50 years$653$359$187$94$46$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $669,000, adding $6,804 every year, while hoping to spend $46,708 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: 55/23/22 Blend
52$669,000$669,000$669,000$669,000
53$744,256$708,799$698,430$780,383
54$770,474$693,834$672,130$790,922
55$797,799$676,569$643,384$796,900
56$826,298$656,844$612,060$802,412
57$856,037$634,486$578,022$807,428
58$887,092$609,315$541,124$811,917
59$919,543$581,138$501,219$815,846
60$953,475$549,753$458,149$819,183
61$988,982$514,944$411,750$821,897
62$1,026,167$476,485$361,852$823,956
63$1,065,138$434,134$308,276$825,326
64$1,106,014$387,639$250,835$825,978
65$1,148,925$336,731$189,336$825,881
66$1,194,011$281,127$123,575$825,004
67$1,241,425$220,527$53,339$823,321
68$1,291,332$154,614$0$820,805
69$1,343,913$83,055$0$822,506
70$1,399,365$5,497$0$837,022
71$1,457,901$0$0$851,859
72$1,519,756$0$0$886,913
73$1,585,184$0$0$925,491
74$1,654,463$0$0$966,370
75$1,727,899$0$0$1,009,733
76$1,805,822$0$0$1,055,779
77$1,888,596$0$0$1,104,729
78$1,976,619$0$0$1,156,821
79$2,070,324$0$0$1,212,318
80$2,170,188$0$0$1,271,506
81$2,276,732$0$0$1,334,702
82$2,390,527$0$0$1,402,248
83$2,512,198$0$0$1,474,524
84$2,642,432$0$0$1,551,943
85$2,781,980$0$0$1,634,959
86$2,931,668$0$0$1,724,072
87$3,092,401$0$0$1,819,829
88$3,265,172$0$0$1,922,829
89$3,451,072$0$0$2,033,733
90$3,651,299$0$0$2,153,265
91$3,867,167$0$0$2,282,220
92$4,100,123$0$0$2,421,471
93$4,351,753$0$0$2,571,980
94$4,623,802$0$0$2,734,802
95$4,918,187$0$0$2,911,097
96$5,237,016$0$0$3,102,140
97$5,582,607$0$0$3,309,334
98$5,957,507$0$0$3,534,222
99$6,364,520$0$0$3,778,499
100$6,806,728$0$0$4,044,031