Can I retire at age 53 with 670,000?

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 $670,000?

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$55,328$54,835$54,354$53,885$53,427$51,841
2 years$27,390$26,880$26,386$25,906$25,441$23,857
3 years$18,079$17,566$17,073$16,598$16,141$14,608
4 years$13,424$12,913$12,425$11,958$11,512$10,041
5 years$10,632$10,124$9,642$9,185$8,751$7,347
6 years$8,771$8,267$7,792$7,345$6,924$5,588
7 years$7,442$6,943$6,476$6,039$5,631$4,363
8 years$6,446$5,951$5,492$5,066$4,672$3,471
9 years$5,672$5,182$4,730$4,315$3,934$2,799
10 years$5,053$4,567$4,124$3,720$3,352$2,281
11 years$4,547$4,066$3,630$3,237$2,883$1,874
12 years$4,125$3,649$3,222$2,839$2,498$1,550
13 years$3,769$3,298$2,879$2,507$2,179$1,289
14 years$3,464$2,998$2,586$2,225$1,910$1,076
15 years$3,199$2,739$2,335$1,985$1,682$901
16 years$2,968$2,513$2,117$1,777$1,486$757
17 years$2,765$2,314$1,927$1,597$1,318$637
18 years$2,584$2,138$1,759$1,439$1,172$538
19 years$2,422$1,982$1,610$1,300$1,044$454
20 years$2,277$1,841$1,478$1,178$933$385
21 years$2,146$1,715$1,359$1,069$835$326
22 years$2,027$1,601$1,253$972$748$276
23 years$1,918$1,497$1,157$885$672$234
24 years$1,819$1,403$1,070$807$604$199
25 years$1,727$1,317$991$737$543$169
26 years$1,643$1,237$919$674$489$144
27 years$1,565$1,165$853$617$441$122
28 years$1,493$1,097$793$565$398$104
29 years$1,426$1,035$738$518$359$89
30 years$1,364$978$688$476$325$75
31 years$1,306$924$641$437$294$64
32 years$1,251$875$598$401$266$55
33 years$1,200$828$558$369$240$47
34 years$1,152$785$522$340$218$40
35 years$1,107$745$488$313$197$34
36 years$1,064$707$456$288$179$29
37 years$1,024$671$427$265$162$25
38 years$986$638$400$245$147$21
39 years$950$607$375$226$133$18
40 years$916$577$351$208$121$15
41 years$884$549$329$192$110$13
42 years$853$523$309$177$99$11
43 years$824$498$290$163$90$9
44 years$796$475$272$151$82$8
45 years$770$453$255$139$74$7
46 years$744$432$240$129$67$6
47 years$720$412$225$119$61$5
48 years$697$394$212$110$56$4
49 years$675$376$199$102$51$4
50 years$654$359$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $670,000, adding $6,144 every year, while hoping to spend $42,709 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: 69/6/25 Blend
52$670,000$670,000$670,000$670,000
53$744,678$709,168$698,783$790,903
54$775,193$698,475$676,750$811,971
55$807,389$685,826$652,547$829,519
56$841,392$671,082$626,058$847,724
57$877,341$654,092$597,158$866,646
58$915,386$634,699$565,718$886,360
59$955,691$612,734$531,605$906,943
60$998,436$588,022$494,678$928,485
61$1,043,816$560,375$454,790$951,086
62$1,092,046$529,595$411,786$974,856
63$1,143,362$495,472$365,508$999,920
64$1,198,019$457,784$315,787$1,026,417
65$1,256,300$416,298$262,449$1,054,499
66$1,318,512$370,766$205,310$1,084,339
67$1,384,992$320,926$144,180$1,116,128
68$1,456,111$266,501$78,860$1,150,078
69$1,532,275$207,200$9,142$1,186,426
70$1,613,928$142,714$0$1,225,435
71$1,701,559$72,717$0$1,284,805
72$1,795,702$0$0$1,351,188
73$1,896,947$0$0$1,422,772
74$2,005,939$0$0$1,505,028
75$2,123,386$0$0$1,593,695
76$2,250,066$0$0$1,689,363
77$2,386,837$0$0$1,792,681
78$2,534,637$0$0$1,904,365
79$2,694,499$0$0$2,025,199
80$2,867,559$0$0$2,156,046
81$3,055,065$0$0$2,297,854
82$3,258,389$0$0$2,451,665
83$3,479,042$0$0$2,618,627
84$3,718,682$0$0$2,800,002
85$3,979,136$0$0$2,997,177
86$4,262,413$0$0$3,211,677
87$4,570,722$0$0$3,445,184
88$4,906,496$0$0$3,699,545
89$5,272,409$0$0$3,976,794
90$5,671,407$0$0$4,279,169
91$6,106,732$0$0$4,609,133
92$6,581,950$0$0$4,969,398
93$7,100,988$0$0$5,362,950
94$7,668,170$0$0$5,793,075
95$8,288,256$0$0$6,263,390
96$8,966,485$0$0$6,777,878
97$9,708,628$0$0$7,340,927
98$10,521,038$0$0$7,957,365
99$11,410,710$0$0$8,632,512
100$12,385,350$0$0$9,372,223