Can I retire at age 53 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$54,337$53,853$53,381$52,920$52,470$51,306
2 years$26,900$26,399$25,913$25,442$24,986$23,819
3 years$17,755$17,252$16,767$16,301$15,852$14,719
4 years$13,183$12,682$12,202$11,744$11,306$10,215
5 years$10,441$9,943$9,470$9,021$8,594$7,549
6 years$8,614$8,119$7,653$7,214$6,800$5,802
7 years$7,309$6,818$6,360$5,931$5,531$4,579
8 years$6,331$5,845$5,393$4,975$4,588$3,683
9 years$5,570$5,089$4,645$4,238$3,864$3,005
10 years$4,962$4,485$4,050$3,653$3,292$2,478
11 years$4,465$3,993$3,565$3,179$2,831$2,061
12 years$4,051$3,584$3,164$2,789$2,454$1,726
13 years$3,701$3,239$2,827$2,462$2,140$1,453
14 years$3,402$2,944$2,540$2,185$1,876$1,229
15 years$3,142$2,689$2,293$1,949$1,651$1,043
16 years$2,915$2,468$2,079$1,745$1,460$889
17 years$2,715$2,273$1,892$1,568$1,294$759
18 years$2,538$2,100$1,727$1,413$1,151$649
19 years$2,379$1,946$1,581$1,277$1,026$556
20 years$2,236$1,808$1,451$1,156$916$478
21 years$2,107$1,685$1,335$1,050$820$411
22 years$1,990$1,572$1,230$954$735$353
23 years$1,884$1,471$1,136$869$660$304
24 years$1,786$1,378$1,050$793$593$262
25 years$1,696$1,293$973$724$534$226
26 years$1,614$1,215$902$662$481$195
27 years$1,537$1,144$838$606$433$169
28 years$1,467$1,078$779$555$391$146
29 years$1,401$1,017$725$509$353$126
30 years$1,339$960$675$467$319$109
31 years$1,282$908$629$429$288$94
32 years$1,229$859$587$394$261$82
33 years$1,178$813$548$363$236$71
34 years$1,131$771$512$334$214$61
35 years$1,087$731$479$307$194$53
36 years$1,045$694$448$283$175$46
37 years$1,006$659$419$261$159$40
38 years$968$626$393$240$144$34
39 years$933$596$368$221$131$30
40 years$900$567$345$204$119$26
41 years$868$539$323$188$108$22
42 years$838$514$303$174$98$19
43 years$809$490$285$161$89$17
44 years$782$467$267$148$80$15
45 years$756$445$251$137$73$13
46 years$731$424$236$126$66$11
47 years$707$405$221$117$60$9
48 years$685$387$208$108$55$8
49 years$663$369$196$100$50$7
50 years$642$353$184$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $658,000, adding $4,970 every year, while hoping to spend $48,039 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: 65/20/15 Blend
52$658,000$658,000$658,000$658,000
53$730,243$695,369$685,170$774,764
54$753,614$678,328$657,010$788,127
55$777,760$658,843$626,296$796,703
56$802,707$636,743$592,893$804,893
57$828,486$611,846$556,658$812,657
58$855,128$583,962$517,442$819,954
59$882,664$552,890$475,089$826,741
60$911,129$518,414$429,438$832,973
61$940,557$480,310$380,318$838,601
62$970,987$438,339$327,552$843,575
63$1,002,458$392,247$270,954$847,840
64$1,035,010$341,769$210,333$851,342
65$1,068,687$286,621$145,485$854,020
66$1,103,534$226,506$76,199$855,811
67$1,139,599$161,110$2,257$856,652
68$1,176,934$90,100$0$856,472
69$1,215,591$13,125$0$867,467
70$1,255,628$0$0$878,477
71$1,297,104$0$0$904,547
72$1,340,082$0$0$934,559
73$1,384,631$0$0$965,671
74$1,430,821$0$0$997,933
75$1,478,728$0$0$1,031,400
76$1,528,434$0$0$1,066,128
77$1,580,025$0$0$1,102,179
78$1,633,592$0$0$1,139,617
79$1,689,233$0$0$1,178,511
80$1,747,054$0$0$1,218,937
81$1,807,167$0$0$1,260,973
82$1,869,691$0$0$1,304,703
83$1,934,756$0$0$1,350,221
84$2,002,500$0$0$1,397,623
85$2,073,072$0$0$1,447,015
86$2,146,630$0$0$1,498,510
87$2,223,348$0$0$1,552,231
88$2,303,410$0$0$1,608,309
89$2,387,018$0$0$1,666,885
90$2,474,386$0$0$1,728,115
91$2,565,748$0$0$1,792,162
92$2,661,356$0$0$1,859,208
93$2,761,485$0$0$1,929,446
94$2,866,430$0$0$2,003,087
95$2,976,513$0$0$2,080,359
96$3,092,081$0$0$2,161,512
97$3,213,515$0$0$2,246,814
98$3,341,225$0$0$2,336,560
99$3,475,659$0$0$2,431,067
100$3,617,305$0$0$2,530,684