Can I retire at age 53 with 666,000?

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 $666,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$54,998$54,508$54,030$53,563$53,108$51,162
2 years$27,227$26,719$26,228$25,752$25,289$23,351
3 years$17,971$17,461$16,971$16,499$16,045$14,174
4 years$13,344$12,836$12,351$11,887$11,443$9,655
5 years$10,568$10,064$9,585$9,130$8,699$6,998
6 years$8,719$8,218$7,746$7,302$6,883$5,270
7 years$7,398$6,901$6,437$6,003$5,598$4,073
8 years$6,408$5,916$5,459$5,036$4,644$3,206
9 years$5,638$5,151$4,702$4,289$3,911$2,557
10 years$5,023$4,540$4,099$3,697$3,332$2,060
11 years$4,520$4,042$3,609$3,218$2,866$1,673
12 years$4,101$3,628$3,203$2,823$2,483$1,367
13 years$3,746$3,278$2,861$2,492$2,166$1,123
14 years$3,443$2,980$2,571$2,212$1,898$926
15 years$3,180$2,722$2,321$1,973$1,672$766
16 years$2,951$2,498$2,105$1,766$1,477$635
17 years$2,748$2,300$1,915$1,587$1,310$528
18 years$2,569$2,125$1,748$1,430$1,165$439
19 years$2,408$1,970$1,600$1,292$1,038$366
20 years$2,264$1,830$1,469$1,170$927$306
21 years$2,133$1,705$1,351$1,062$830$255
22 years$2,015$1,592$1,245$966$744$213
23 years$1,907$1,489$1,150$880$668$179
24 years$1,808$1,395$1,063$802$600$150
25 years$1,717$1,309$985$733$540$125
26 years$1,633$1,230$913$670$486$105
27 years$1,556$1,158$848$613$439$88
28 years$1,484$1,091$788$562$396$74
29 years$1,418$1,029$734$515$357$62
30 years$1,356$972$683$473$323$52
31 years$1,298$919$637$434$292$44
32 years$1,244$869$594$399$264$37
33 years$1,193$823$555$367$239$31
34 years$1,145$780$519$338$216$26
35 years$1,100$740$485$311$196$22
36 years$1,058$702$454$286$178$18
37 years$1,018$667$425$264$161$15
38 years$980$634$398$243$146$13
39 years$944$603$372$224$132$11
40 years$911$574$349$207$120$9
41 years$878$546$327$191$109$8
42 years$848$520$307$176$99$6
43 years$819$495$288$163$90$5
44 years$791$472$270$150$81$4
45 years$765$450$254$139$74$4
46 years$740$430$239$128$67$3
47 years$716$410$224$118$61$3
48 years$693$391$211$109$55$2
49 years$671$374$198$101$50$2
50 years$650$357$186$93$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $666,000, adding $3,612 every year, while hoping to spend $48,425 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: 56/22/22 Blend
52$666,000$666,000$666,000$666,000
53$737,658$702,360$692,037$774,382
54$761,375$685,252$663,696$782,785
55$785,888$665,682$632,783$786,490
56$811,228$643,480$599,160$789,485
57$837,426$618,462$562,685$791,715
58$864,514$590,438$523,205$793,122
59$892,528$559,203$480,566$793,645
60$921,504$524,542$434,604$793,220
61$951,481$486,228$385,146$791,779
62$982,499$444,020$332,016$789,251
63$1,014,601$397,664$275,025$785,562
64$1,047,831$346,891$213,979$780,634
65$1,082,238$291,416$148,676$774,383
66$1,117,871$230,941$78,902$766,724
67$1,154,785$165,148$4,435$757,566
68$1,193,034$93,701$0$746,814
69$1,232,680$16,249$0$751,982
70$1,273,785$0$0$757,609
71$1,316,417$0$0$778,964
72$1,360,647$0$0$805,207
73$1,406,553$0$0$832,450
74$1,454,216$0$0$860,743
75$1,503,722$0$0$890,139
76$1,555,164$0$0$920,694
77$1,608,643$0$0$952,467
78$1,664,265$0$0$985,524
79$1,722,143$0$0$1,019,934
80$1,782,402$0$0$1,055,771
81$1,845,171$0$0$1,093,115
82$1,910,593$0$0$1,132,053
83$1,978,820$0$0$1,172,677
84$2,050,017$0$0$1,215,086
85$2,124,361$0$0$1,259,390
86$2,202,043$0$0$1,305,703
87$2,283,270$0$0$1,354,154
88$2,368,266$0$0$1,404,877
89$2,457,272$0$0$1,458,021
90$2,550,552$0$0$1,513,746
91$2,648,389$0$0$1,572,225
92$2,751,092$0$0$1,633,648
93$2,858,997$0$0$1,698,219
94$2,972,468$0$0$1,766,161
95$3,091,902$0$0$1,837,717
96$3,217,730$0$0$1,913,152
97$3,350,421$0$0$1,992,752
98$3,490,488$0$0$2,076,832
99$3,638,488$0$0$2,165,734
100$3,795,033$0$0$2,259,831