Can I retire at age 53 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$53,676$53,198$52,732$52,276$51,832$49,795
2 years$26,572$26,078$25,598$25,133$24,682$22,655
3 years$17,539$17,042$16,564$16,103$15,659$13,706
4 years$13,023$12,528$12,054$11,601$11,168$9,303
5 years$10,314$9,822$9,354$8,911$8,490$6,718
6 years$8,509$8,020$7,560$7,126$6,718$5,040
7 years$7,220$6,735$6,282$5,859$5,463$3,879
8 years$6,254$5,773$5,328$4,915$4,532$3,040
9 years$5,503$5,027$4,589$4,186$3,817$2,415
10 years$4,902$4,431$4,001$3,609$3,252$1,937
11 years$4,411$3,945$3,522$3,141$2,797$1,566
12 years$4,002$3,540$3,126$2,755$2,424$1,274
13 years$3,656$3,200$2,793$2,432$2,114$1,041
14 years$3,360$2,908$2,509$2,159$1,853$854
15 years$3,104$2,657$2,266$1,925$1,631$703
16 years$2,880$2,438$2,054$1,724$1,442$580
17 years$2,682$2,245$1,869$1,549$1,278$479
18 years$2,507$2,074$1,706$1,396$1,137$397
19 years$2,350$1,923$1,562$1,261$1,013$329
20 years$2,209$1,786$1,433$1,142$905$273
21 years$2,082$1,664$1,319$1,037$810$227
22 years$1,966$1,553$1,215$943$726$189
23 years$1,861$1,453$1,122$858$652$157
24 years$1,764$1,361$1,038$783$586$131
25 years$1,676$1,277$961$715$527$109
26 years$1,594$1,201$891$654$475$91
27 years$1,519$1,130$828$598$428$76
28 years$1,449$1,065$769$548$386$63
29 years$1,384$1,004$716$503$349$53
30 years$1,323$949$667$461$315$44
31 years$1,267$897$622$424$285$37
32 years$1,214$848$580$390$258$31
33 years$1,164$803$542$358$233$25
34 years$1,117$762$506$330$211$21
35 years$1,074$722$473$303$191$18
36 years$1,032$686$443$279$173$15
37 years$993$651$414$257$157$12
38 years$957$619$388$237$142$10
39 years$922$588$364$219$129$9
40 years$889$560$341$202$117$7
41 years$857$533$319$186$106$6
42 years$828$508$300$172$96$5
43 years$799$484$281$159$87$4
44 years$772$461$264$146$79$3
45 years$747$440$248$135$72$3
46 years$722$419$233$125$65$2
47 years$699$400$219$115$59$2
48 years$676$382$206$107$54$2
49 years$655$365$193$99$49$1
50 years$635$348$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $650,000, adding $5,605 every year, while hoping to spend $26,858 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: 66/17/17 Blend
52$650,000$650,000$650,000$650,000
53$722,082$687,632$677,557$766,383
54$767,157$692,749$671,678$801,842
55$815,930$697,217$664,702$836,960
56$868,750$700,975$656,564$874,692
57$925,999$703,959$647,196$915,295
58$988,100$706,102$636,526$959,050
59$1,055,516$707,331$624,480$1,006,269
60$1,128,757$707,569$610,978$1,057,294
61$1,208,385$706,734$595,941$1,112,506
62$1,295,016$704,740$579,281$1,172,323
63$1,389,330$701,495$560,909$1,237,207
64$1,492,074$696,901$540,732$1,307,667
65$1,604,071$690,854$518,651$1,384,267
66$1,726,225$683,244$494,564$1,467,626
67$1,859,532$673,956$468,365$1,558,430
68$2,005,090$662,865$439,941$1,657,435
69$2,164,105$649,841$409,175$1,765,474
70$2,337,906$634,746$375,945$1,883,470
71$2,527,957$617,433$340,123$2,012,436
72$2,735,867$597,746$301,576$2,153,495
73$2,963,411$575,521$260,164$2,307,881
74$3,212,542$550,584$215,743$2,476,959
75$3,485,411$522,752$168,159$2,662,235
76$3,784,385$491,830$117,255$2,865,367
77$4,112,074$457,611$62,865$3,088,189
78$4,471,351$419,879$4,816$3,332,719
79$4,865,378$378,403$0$3,601,187
80$5,297,642$332,940$0$3,906,415
81$5,771,981$283,233$0$4,242,357
82$6,292,622$229,011$0$4,611,164
83$6,864,224$169,987$0$5,016,173
84$7,491,916$105,858$0$5,461,062
85$8,181,351$36,304$0$5,949,882
86$8,938,753$0$0$6,487,103
87$9,770,982$0$0$7,084,946
88$10,685,594$0$0$7,749,478
89$11,690,912$0$0$8,479,962
90$12,796,107$0$0$9,283,065
91$14,011,282$0$0$10,166,137
92$15,347,570$0$0$11,137,273
93$16,817,234$0$0$12,205,391
94$18,433,786$0$0$13,380,319
95$20,212,115$0$0$14,672,884
96$22,168,622$0$0$16,095,016
97$24,321,381$0$0$17,659,858
98$26,690,307$0$0$19,381,893
99$29,297,339$0$0$21,277,079
100$32,166,654$0$0$23,362,998