Can I retire at age 53 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,842$53,362$52,894$52,437$51,991$51,729
2 years$26,654$26,158$25,677$25,210$24,758$24,493
3 years$17,593$17,094$16,615$16,152$15,707$15,448
4 years$13,063$12,566$12,091$11,637$11,203$10,951
5 years$10,346$9,852$9,383$8,938$8,516$8,273
6 years$8,535$8,045$7,583$7,148$6,738$6,504
7 years$7,242$6,756$6,302$5,877$5,480$5,255
8 years$6,273$5,791$5,344$4,930$4,546$4,330
9 years$5,520$5,042$4,603$4,199$3,829$3,621
10 years$4,917$4,445$4,013$3,620$3,262$3,064
11 years$4,425$3,957$3,533$3,150$2,806$2,616
12 years$4,014$3,551$3,135$2,763$2,431$2,250
13 years$3,668$3,209$2,801$2,439$2,120$1,947
14 years$3,371$2,917$2,517$2,165$1,858$1,694
15 years$3,113$2,665$2,272$1,931$1,636$1,480
16 years$2,889$2,445$2,060$1,729$1,446$1,297
17 years$2,690$2,252$1,875$1,554$1,282$1,141
18 years$2,515$2,081$1,711$1,400$1,140$1,006
19 years$2,357$1,928$1,567$1,265$1,016$889
20 years$2,216$1,792$1,438$1,146$908$787
21 years$2,088$1,669$1,323$1,040$812$699
22 years$1,972$1,558$1,219$946$728$621
23 years$1,867$1,457$1,126$861$654$552
24 years$1,770$1,365$1,041$785$587$492
25 years$1,681$1,281$964$717$529$439
26 years$1,599$1,204$894$656$476$391
27 years$1,523$1,133$830$600$429$350
28 years$1,453$1,068$772$550$387$312
29 years$1,388$1,007$718$504$350$279
30 years$1,327$951$669$463$316$250
31 years$1,270$899$624$425$286$224
32 years$1,217$851$582$391$258$201
33 years$1,168$806$543$359$234$180
34 years$1,121$764$508$331$212$161
35 years$1,077$725$475$304$192$145
36 years$1,036$688$444$280$174$130
37 years$996$653$416$258$158$116
38 years$959$621$389$238$143$104
39 years$925$590$365$219$130$94
40 years$891$562$342$202$117$84
41 years$860$535$320$187$107$76
42 years$830$509$301$172$97$68
43 years$802$485$282$159$88$61
44 years$775$462$265$147$80$55
45 years$749$441$249$136$72$49
46 years$724$421$234$125$66$44
47 years$701$401$219$116$60$40
48 years$679$383$206$107$54$36
49 years$657$366$194$99$49$32
50 years$637$350$182$91$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $652,000, adding $4,907 every year, while hoping to spend $45,399 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: 71/7/22 Blend
52$652,000$652,000$652,000$652,000
53$723,566$689,010$678,904$770,667
54$749,065$674,467$653,343$788,180
55$775,644$657,690$625,404$801,518
56$803,364$638,521$594,960$815,008
57$832,293$616,795$561,877$828,660
58$862,503$592,334$526,015$842,486
59$894,072$564,951$487,230$856,500
60$927,083$534,450$445,369$870,719
61$961,630$500,622$400,272$885,163
62$997,809$463,246$351,774$899,857
63$1,035,729$422,088$299,702$914,826
64$1,075,504$376,902$243,874$930,103
65$1,117,263$327,427$184,100$945,725
66$1,161,140$273,387$120,184$961,733
67$1,207,285$214,492$51,919$978,175
68$1,255,860$150,434$0$995,108
69$1,307,041$80,888$0$1,017,507
70$1,361,019$5,511$0$1,053,856
71$1,418,003$0$0$1,092,092
72$1,478,222$0$0$1,138,223
73$1,541,925$0$0$1,187,487
74$1,609,382$0$0$1,239,670
75$1,680,890$0$0$1,295,004
76$1,756,774$0$0$1,353,742
77$1,837,388$0$0$1,416,160
78$1,923,119$0$0$1,482,562
79$2,014,391$0$0$1,553,279
80$2,111,670$0$0$1,628,673
81$2,215,463$0$0$1,709,141
82$2,326,327$0$0$1,795,119
83$2,444,874$0$0$1,887,083
84$2,571,772$0$0$1,985,557
85$2,707,756$0$0$2,091,114
86$2,853,630$0$0$2,204,383
87$3,010,278$0$0$2,326,055
88$3,178,671$0$0$2,456,887
89$3,359,872$0$0$2,597,712
90$3,555,050$0$0$2,749,443
91$3,765,489$0$0$2,913,083
92$3,992,599$0$0$3,089,736
93$4,237,930$0$0$3,280,612
94$4,503,184$0$0$3,487,042
95$4,790,234$0$0$3,710,491
96$5,101,135$0$0$3,952,566
97$5,438,152$0$0$4,215,036
98$5,803,769$0$0$4,499,847
99$6,200,724$0$0$4,809,136
100$6,632,025$0$0$5,145,258