Can I retire at age 53 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$54,667$54,180$53,705$53,242$52,789$51,744
2 years$27,063$26,559$26,071$25,597$25,138$24,089
3 years$17,863$17,357$16,869$16,400$15,948$14,929
4 years$13,264$12,759$12,277$11,815$11,374$10,393
5 years$10,505$10,003$9,527$9,075$8,647$7,705
6 years$8,666$8,168$7,699$7,258$6,842$5,941
7 years$7,353$6,860$6,398$5,967$5,564$4,705
8 years$6,369$5,880$5,426$5,005$4,616$3,797
9 years$5,604$5,120$4,674$4,264$3,887$3,109
10 years$4,993$4,513$4,075$3,675$3,312$2,574
11 years$4,492$4,017$3,587$3,199$2,849$2,149
12 years$4,076$3,606$3,183$2,806$2,469$1,806
13 years$3,724$3,259$2,844$2,477$2,153$1,527
14 years$3,422$2,962$2,556$2,199$1,887$1,297
15 years$3,161$2,706$2,307$1,961$1,661$1,105
16 years$2,933$2,483$2,092$1,756$1,468$945
17 years$2,732$2,286$1,904$1,578$1,302$811
18 years$2,553$2,113$1,738$1,422$1,158$697
19 years$2,393$1,958$1,591$1,285$1,032$600
20 years$2,250$1,819$1,460$1,163$922$517
21 years$2,120$1,695$1,343$1,056$825$447
22 years$2,003$1,582$1,238$960$739$386
23 years$1,895$1,480$1,143$874$664$334
24 years$1,797$1,386$1,057$797$597$289
25 years$1,707$1,301$979$728$537$251
26 years$1,624$1,223$908$666$483$218
27 years$1,547$1,151$843$610$436$189
28 years$1,475$1,084$784$558$393$164
29 years$1,409$1,023$729$512$355$143
30 years$1,348$966$679$470$321$124
31 years$1,290$913$633$432$290$108
32 years$1,236$864$591$397$262$94
33 years$1,186$818$552$365$238$81
34 years$1,138$776$515$336$215$71
35 years$1,093$736$482$309$195$62
36 years$1,051$698$451$285$176$54
37 years$1,012$663$422$262$160$47
38 years$974$630$395$242$145$41
39 years$939$599$370$223$131$35
40 years$905$570$347$206$119$31
41 years$873$543$325$190$108$27
42 years$843$517$305$175$98$23
43 years$814$492$286$162$89$20
44 years$787$469$269$149$81$18
45 years$760$448$252$138$73$15
46 years$735$427$237$127$67$13
47 years$712$408$223$118$61$12
48 years$689$389$209$109$55$10
49 years$667$372$197$100$50$9
50 years$646$355$185$93$45$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $662,000, adding $5,479 every year, while hoping to spend $39,851 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: 74/15/11 Blend
52$662,000$662,000$662,000$662,000
53$735,176$700,090$689,829$787,614
54$767,762$691,993$670,537$814,878
55$802,337$682,164$649,263$839,224
56$839,061$670,475$625,899$864,795
57$878,110$656,793$600,331$891,702
58$919,676$640,974$572,440$920,065
59$963,969$622,868$542,104$950,018
60$1,011,221$602,316$509,191$981,711
61$1,061,683$579,147$473,567$1,015,305
62$1,115,633$553,184$435,090$1,050,985
63$1,173,375$524,237$393,612$1,088,949
64$1,235,240$492,105$348,979$1,129,422
65$1,301,594$456,578$301,030$1,172,649
66$1,372,838$417,432$249,595$1,218,902
67$1,449,411$374,429$194,500$1,268,483
68$1,531,795$327,321$135,560$1,321,726
69$1,620,520$275,842$72,584$1,378,999
70$1,716,169$219,714$5,371$1,440,710
71$1,819,380$158,642$0$1,507,310
72$1,930,856$92,314$0$1,587,087
73$2,051,369$20,403$0$1,673,984
74$2,181,765$0$0$1,768,006
75$2,322,979$0$0$1,879,336
76$2,476,035$0$0$2,003,678
77$2,642,059$0$0$2,138,580
78$2,822,293$0$0$2,285,054
79$3,018,099$0$0$2,444,211
80$3,230,977$0$0$2,617,274
81$3,462,577$0$0$2,805,587
82$3,714,715$0$0$3,010,631
83$3,989,387$0$0$3,234,033
84$4,288,793$0$0$3,477,587
85$4,615,352$0$0$3,743,265
86$4,971,727$0$0$4,033,236
87$5,360,848$0$0$4,349,892
88$5,785,943$0$0$4,695,863
89$6,250,564$0$0$5,074,045
90$6,758,622$0$0$5,487,626
91$7,314,422$0$0$5,940,117
92$7,922,706$0$0$6,435,384
93$8,588,694$0$0$6,977,683
94$9,318,137$0$0$7,571,703
95$10,117,364$0$0$8,222,605
96$10,993,350$0$0$8,936,074
97$11,953,772$0$0$9,718,373
98$13,007,089$0$0$10,576,396
99$14,162,616$0$0$11,517,741
100$15,430,614$0$0$12,550,773