Can I retire at age 53 with 669,000?

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 $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%18.9%
1 years$55,245$54,753$54,273$53,805$53,347$51,434
2 years$27,349$26,840$26,346$25,868$25,403$23,496
3 years$18,052$17,540$17,048$16,574$16,117$14,276
4 years$13,404$12,894$12,406$11,940$11,495$9,735
5 years$10,616$10,109$9,628$9,171$8,738$7,063
6 years$8,758$8,255$7,781$7,334$6,914$5,325
7 years$7,431$6,932$6,466$6,030$5,623$4,120
8 years$6,437$5,942$5,484$5,058$4,665$3,246
9 years$5,664$5,174$4,723$4,309$3,929$2,593
10 years$5,045$4,560$4,118$3,714$3,347$2,092
11 years$4,540$4,060$3,625$3,232$2,879$1,701
12 years$4,119$3,644$3,217$2,835$2,495$1,392
13 years$3,763$3,293$2,874$2,503$2,175$1,145
14 years$3,458$2,993$2,583$2,222$1,907$945
15 years$3,195$2,734$2,332$1,982$1,679$783
16 years$2,964$2,509$2,114$1,774$1,484$650
17 years$2,761$2,311$1,924$1,594$1,316$541
18 years$2,580$2,135$1,756$1,437$1,170$451
19 years$2,419$1,979$1,608$1,298$1,043$376
20 years$2,274$1,839$1,475$1,176$931$315
21 years$2,143$1,713$1,357$1,067$834$263
22 years$2,024$1,599$1,251$970$747$221
23 years$1,915$1,495$1,155$884$671$185
24 years$1,816$1,401$1,068$806$603$155
25 years$1,725$1,315$989$736$542$130
26 years$1,641$1,236$917$673$489$109
27 years$1,563$1,163$852$616$441$92
28 years$1,491$1,096$792$564$397$77
29 years$1,424$1,034$737$518$359$65
30 years$1,362$976$686$475$324$54
31 years$1,304$923$640$436$293$46
32 years$1,249$873$597$401$265$38
33 years$1,198$827$558$369$240$32
34 years$1,150$784$521$339$217$27
35 years$1,105$743$487$312$197$23
36 years$1,063$706$456$288$178$19
37 years$1,022$670$426$265$162$16
38 years$985$637$399$244$147$14
39 years$949$606$374$225$133$11
40 years$915$576$351$208$121$10
41 years$882$548$329$192$109$8
42 years$852$522$308$177$99$7
43 years$823$498$289$163$90$6
44 years$795$474$272$151$82$5
45 years$768$452$255$139$74$4
46 years$743$432$240$129$67$3
47 years$719$412$225$119$61$3
48 years$696$393$212$110$56$2
49 years$674$375$199$101$50$2
50 years$653$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $669,000, adding $2,165 every year, while hoping to spend $48,965 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: 52/26/22 Blend
52$669,000$669,000$669,000$669,000
53$739,471$704,014$693,645$773,310
54$762,799$686,413$664,783$779,289
55$786,865$666,307$633,314$780,561
56$811,693$643,524$599,098$780,919
57$837,307$617,878$561,989$780,293
58$863,733$589,175$521,836$778,609
59$890,996$557,207$478,481$775,792
60$919,124$521,756$431,756$771,758
61$948,144$482,592$381,489$766,421
62$978,086$439,470$327,500$759,691
63$1,008,978$392,131$269,598$751,471
64$1,040,851$340,303$207,588$741,659
65$1,073,738$283,698$141,262$730,150
66$1,107,671$222,011$70,406$716,828
67$1,142,684$154,920$0$701,576
68$1,178,812$82,085$0$685,491
69$1,216,092$3,149$0$684,934
70$1,254,561$0$0$683,279
71$1,294,259$0$0$703,976
72$1,335,226$0$0$726,264
73$1,377,503$0$0$749,266
74$1,421,133$0$0$773,005
75$1,466,163$0$0$797,506
76$1,512,638$0$0$822,794
77$1,560,607$0$0$848,896
78$1,610,119$0$0$875,838
79$1,661,227$0$0$903,650
80$1,713,985$0$0$932,361
81$1,768,448$0$0$962,001
82$1,824,676$0$0$992,603
83$1,882,727$0$0$1,024,199
84$1,942,666$0$0$1,056,824
85$2,004,557$0$0$1,090,513
86$2,068,469$0$0$1,125,305
87$2,134,473$0$0$1,161,237
88$2,202,642$0$0$1,198,351
89$2,273,053$0$0$1,236,688
90$2,345,788$0$0$1,276,294
91$2,420,929$0$0$1,317,212
92$2,498,564$0$0$1,359,493
93$2,578,786$0$0$1,403,186
94$2,661,689$0$0$1,448,344
95$2,747,374$0$0$1,495,023
96$2,835,945$0$0$1,543,279
97$2,927,514$0$0$1,593,174
98$3,022,196$0$0$1,644,771
99$3,120,111$0$0$1,698,138
100$3,221,388$0$0$1,753,345