Can I retire at age 53 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$55,163$54,671$54,192$53,724$53,267$51,707
2 years$27,308$26,800$26,307$25,829$25,365$23,806
3 years$18,025$17,514$17,022$16,549$16,093$14,584
4 years$13,384$12,875$12,388$11,923$11,478$10,030
5 years$10,600$10,094$9,613$9,158$8,725$7,343
6 years$8,745$8,242$7,769$7,323$6,904$5,588
7 years$7,420$6,922$6,456$6,021$5,615$4,365
8 years$6,427$5,933$5,475$5,051$4,658$3,474
9 years$5,655$5,166$4,716$4,302$3,923$2,804
10 years$5,038$4,554$4,111$3,709$3,342$2,286
11 years$4,533$4,054$3,620$3,228$2,874$1,880
12 years$4,113$3,639$3,212$2,831$2,491$1,556
13 years$3,758$3,288$2,870$2,499$2,172$1,294
14 years$3,453$2,989$2,579$2,219$1,904$1,081
15 years$3,190$2,730$2,328$1,979$1,677$906
16 years$2,959$2,505$2,111$1,772$1,482$762
17 years$2,756$2,307$1,921$1,592$1,314$642
18 years$2,576$2,132$1,753$1,435$1,168$542
19 years$2,415$1,976$1,605$1,296$1,041$458
20 years$2,270$1,836$1,473$1,174$930$388
21 years$2,139$1,710$1,355$1,065$832$329
22 years$2,021$1,596$1,249$969$746$279
23 years$1,912$1,493$1,153$882$670$237
24 years$1,813$1,399$1,066$805$602$202
25 years$1,722$1,313$988$735$542$171
26 years$1,638$1,234$916$672$488$146
27 years$1,561$1,161$851$615$440$124
28 years$1,489$1,094$791$564$397$106
29 years$1,422$1,032$736$517$358$90
30 years$1,360$975$685$474$324$77
31 years$1,302$922$639$436$293$65
32 years$1,247$872$596$400$265$56
33 years$1,196$826$557$368$240$48
34 years$1,148$783$520$339$217$41
35 years$1,103$742$486$312$197$35
36 years$1,061$705$455$287$178$29
37 years$1,021$669$426$265$161$25
38 years$983$636$399$244$146$21
39 years$947$605$374$225$133$18
40 years$913$575$350$207$120$16
41 years$881$548$328$191$109$13
42 years$850$522$308$177$99$11
43 years$821$497$289$163$90$10
44 years$794$474$271$151$82$8
45 years$767$452$255$139$74$7
46 years$742$431$239$128$67$6
47 years$718$411$225$119$61$5
48 years$695$393$211$110$55$4
49 years$673$375$199$101$50$4
50 years$652$358$187$94$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $668,000, adding $3,933 every year, while hoping to spend $21,412 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: 43/34/23 Blend
52$668,000$668,000$668,000$668,000
53$740,193$704,789$694,435$766,912
54$792,910$716,541$694,916$798,030
55$850,287$728,152$694,696$829,356
56$912,777$739,591$693,728$862,867
57$980,876$750,828$691,965$898,778
58$1,055,134$761,827$689,354$937,322
59$1,136,154$772,553$685,844$978,760
60$1,224,600$782,966$681,378$1,023,381
61$1,321,203$793,025$675,898$1,071,501
62$1,426,768$802,686$669,343$1,123,473
63$1,542,181$811,900$661,648$1,179,682
64$1,668,418$820,617$652,747$1,240,558
65$1,806,551$828,782$642,570$1,306,574
66$1,957,765$836,339$631,041$1,378,252
67$2,123,362$843,224$618,086$1,456,169
68$2,304,776$849,372$603,622$1,540,962
69$2,503,586$854,714$587,566$1,633,334
70$2,721,531$859,175$569,830$1,734,063
71$2,960,529$862,676$550,321$1,844,006
72$3,222,688$865,133$528,942$1,964,110
73$3,510,334$866,456$505,593$2,095,421
74$3,826,025$866,550$480,168$2,239,092
75$4,172,583$865,314$452,556$2,396,399
76$4,553,113$862,641$422,644$2,568,747
77$4,971,038$858,417$390,309$2,757,690
78$5,430,126$852,522$355,427$2,964,939
79$5,934,531$844,827$317,866$3,192,386
80$6,488,826$835,197$277,488$3,442,118
81$7,098,053$823,488$234,150$3,716,438
82$7,767,763$809,547$187,702$4,017,887
83$8,504,072$793,213$137,988$4,349,268
84$9,313,722$774,315$84,844$4,713,676
85$10,204,136$752,670$28,101$5,114,524
86$11,183,495$728,089$0$5,555,578
87$12,260,813$700,366$0$6,048,957
88$13,446,020$669,288$0$6,599,156
89$14,750,058$634,628$0$7,204,376
90$16,184,983$596,144$0$7,870,244
91$17,764,079$553,583$0$8,602,963
92$19,501,982$506,675$0$9,409,373
93$21,414,819$455,137$0$10,297,013
94$23,520,360$398,668$0$11,274,197
95$25,838,185$336,951$0$12,350,088
96$28,389,868$269,650$0$13,534,792
97$31,199,183$196,411$0$14,839,445
98$34,292,325$116,860$0$16,276,327
99$37,698,158$30,603$0$17,858,975
100$41,448,489$0$0$19,602,310