Can I retire at age 53 with 663,000?

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 $663,000?

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$54,750$54,262$53,786$53,322$52,869$51,300
2 years$27,104$26,599$26,110$25,636$25,176$23,608
3 years$17,890$17,383$16,895$16,425$15,972$14,455
4 years$13,284$12,778$12,295$11,833$11,392$9,936
5 years$10,521$10,018$9,542$9,089$8,660$7,270
6 years$8,679$8,181$7,711$7,269$6,852$5,530
7 years$7,365$6,870$6,408$5,976$5,573$4,318
8 years$6,379$5,889$5,434$5,013$4,623$3,434
9 years$5,613$5,127$4,681$4,270$3,893$2,770
10 years$5,000$4,520$4,081$3,681$3,317$2,257
11 years$4,499$4,023$3,593$3,203$2,853$1,855
12 years$4,082$3,611$3,188$2,810$2,472$1,534
13 years$3,729$3,264$2,849$2,481$2,156$1,275
14 years$3,427$2,966$2,559$2,202$1,890$1,065
15 years$3,166$2,710$2,311$1,964$1,664$892
16 years$2,937$2,486$2,095$1,758$1,471$749
17 years$2,736$2,290$1,906$1,580$1,304$631
18 years$2,557$2,116$1,740$1,424$1,159$532
19 years$2,397$1,961$1,593$1,287$1,033$450
20 years$2,253$1,822$1,462$1,165$923$381
21 years$2,123$1,697$1,345$1,057$826$322
22 years$2,006$1,584$1,240$962$740$273
23 years$1,898$1,482$1,144$876$665$232
24 years$1,800$1,388$1,058$799$597$197
25 years$1,709$1,303$980$729$538$167
26 years$1,626$1,225$909$667$484$142
27 years$1,549$1,152$844$610$437$121
28 years$1,478$1,086$785$559$394$103
29 years$1,411$1,024$730$513$356$88
30 years$1,350$968$680$471$321$75
31 years$1,292$915$634$432$291$64
32 years$1,238$865$592$397$263$54
33 years$1,187$820$553$365$238$46
34 years$1,140$777$516$336$215$39
35 years$1,095$737$483$309$195$33
36 years$1,053$699$452$285$177$28
37 years$1,013$664$423$263$160$24
38 years$976$631$396$242$145$21
39 years$940$600$371$223$132$18
40 years$906$571$348$206$119$15
41 years$874$544$326$190$108$13
42 years$844$518$306$175$98$11
43 years$815$493$287$162$89$9
44 years$788$470$269$149$81$8
45 years$762$448$253$138$74$7
46 years$737$428$237$127$67$6
47 years$713$408$223$118$61$5
48 years$690$390$210$109$55$4
49 years$668$372$197$101$50$4
50 years$647$355$185$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $663,000, adding $3,080 every year, while hoping to spend $44,164 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: 57/38/5 Blend
52$663,000$663,000$663,000$663,000
53$733,803$698,664$688,388$774,756
54$761,661$685,908$664,458$789,868
55$790,880$671,048$638,247$801,059
56$821,552$653,932$609,631$812,144
57$853,779$634,402$578,482$823,116
58$887,668$612,291$544,665$833,969
59$923,337$587,421$508,039$844,700
60$960,917$559,604$468,457$855,307
61$1,000,547$528,641$425,767$865,791
62$1,042,380$494,322$379,807$876,157
63$1,086,583$456,424$330,411$886,412
64$1,133,338$414,712$277,403$896,568
65$1,182,843$368,938$220,601$906,641
66$1,235,316$318,839$159,814$916,653
67$1,290,994$264,138$94,844$926,632
68$1,350,136$204,541$25,481$936,614
69$1,413,025$139,738$0$946,643
70$1,479,971$69,404$0$959,360
71$1,551,315$0$0$973,860
72$1,627,429$0$0$991,716
73$1,708,719$0$0$1,041,815
74$1,795,632$0$0$1,095,417
75$1,888,659$0$0$1,152,827
76$1,988,335$0$0$1,214,382
77$2,095,249$0$0$1,280,450
78$2,210,048$0$0$1,351,437
79$2,333,441$0$0$1,427,786
80$2,466,205$0$0$1,509,985
81$2,609,197$0$0$1,598,571
82$2,763,354$0$0$1,694,132
83$2,929,707$0$0$1,797,313
84$3,109,390$0$0$1,908,826
85$3,303,647$0$0$2,029,451
86$3,513,848$0$0$2,160,047
87$3,741,495$0$0$2,301,556
88$3,988,243$0$0$2,455,017
89$4,255,911$0$0$2,621,570
90$4,546,499$0$0$2,802,470
91$4,862,205$0$0$2,999,097
92$5,205,451$0$0$3,212,969
93$5,578,897$0$0$3,445,757
94$5,985,473$0$0$3,699,299
95$6,428,403$0$0$3,975,617
96$6,911,232$0$0$4,276,938
97$7,437,864$0$0$4,605,712
98$8,012,596$0$0$4,964,636
99$8,640,157$0$0$5,356,677
100$9,325,752$0$0$5,785,105