Can I retire at age 53 with 669,000?

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 $669,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$55,245$54,753$54,273$53,805$53,347$51,536
2 years$27,349$26,840$26,346$25,868$25,403$23,597
3 years$18,052$17,540$17,048$16,574$16,117$14,372
4 years$13,404$12,894$12,406$11,940$11,495$9,825
5 years$10,616$10,109$9,628$9,171$8,738$7,147
6 years$8,758$8,255$7,781$7,334$6,914$5,403
7 years$7,431$6,932$6,466$6,030$5,623$4,192
8 years$6,437$5,942$5,484$5,058$4,665$3,313
9 years$5,664$5,174$4,723$4,309$3,929$2,654
10 years$5,045$4,560$4,118$3,714$3,347$2,148
11 years$4,540$4,060$3,625$3,232$2,879$1,753
12 years$4,119$3,644$3,217$2,835$2,495$1,439
13 years$3,763$3,293$2,874$2,503$2,175$1,187
14 years$3,458$2,993$2,583$2,222$1,907$984
15 years$3,195$2,734$2,332$1,982$1,679$818
16 years$2,964$2,509$2,114$1,774$1,484$681
17 years$2,761$2,311$1,924$1,594$1,316$569
18 years$2,580$2,135$1,756$1,437$1,170$476
19 years$2,419$1,979$1,608$1,298$1,043$399
20 years$2,274$1,839$1,475$1,176$931$335
21 years$2,143$1,713$1,357$1,067$834$281
22 years$2,024$1,599$1,251$970$747$237
23 years$1,915$1,495$1,155$884$671$199
24 years$1,816$1,401$1,068$806$603$168
25 years$1,725$1,315$989$736$542$141
26 years$1,641$1,236$917$673$489$119
27 years$1,563$1,163$852$616$441$100
28 years$1,491$1,096$792$564$397$85
29 years$1,424$1,034$737$518$359$71
30 years$1,362$976$686$475$324$60
31 years$1,304$923$640$436$293$51
32 years$1,249$873$597$401$265$43
33 years$1,198$827$558$369$240$36
34 years$1,150$784$521$339$217$31
35 years$1,105$743$487$312$197$26
36 years$1,063$706$456$288$178$22
37 years$1,022$670$426$265$162$18
38 years$985$637$399$244$147$15
39 years$949$606$374$225$133$13
40 years$915$576$351$208$121$11
41 years$882$548$329$192$109$9
42 years$852$522$308$177$99$8
43 years$823$498$289$163$90$7
44 years$795$474$272$151$82$6
45 years$768$452$255$139$74$5
46 years$743$432$240$129$67$4
47 years$719$412$225$119$61$3
48 years$696$393$212$110$56$3
49 years$674$375$199$101$50$2
50 years$653$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $669,000, adding $4,365 every year, while hoping to spend $50,431 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: 44/35/21 Blend
52$669,000$669,000$669,000$669,000
53$741,740$706,283$695,914$769,694
54$763,740$687,233$665,569$770,797
55$786,293$665,559$632,517$766,719
56$809,403$641,080$596,614$761,265
57$833,072$613,602$557,711$754,334
58$857,300$582,923$515,649$745,817
59$882,085$548,828$470,264$735,599
60$907,425$511,088$421,385$723,558
61$933,314$469,463$368,833$709,563
62$959,744$423,698$312,421$693,477
63$986,703$373,524$251,952$675,153
64$1,014,177$318,658$187,223$654,437
65$1,042,150$258,798$118,021$631,162
66$1,070,597$193,628$44,123$605,155
67$1,099,494$122,812$0$576,228
68$1,128,810$45,996$0$551,968
69$1,158,506$0$0$535,438
70$1,188,539$0$0$530,899
71$1,218,860$0$0$544,171
72$1,249,409$0$0$557,509
73$1,280,121$0$0$570,879
74$1,310,919$0$0$584,242
75$1,341,715$0$0$597,556
76$1,372,410$0$0$610,769
77$1,402,893$0$0$623,827
78$1,433,035$0$0$636,666
79$1,462,693$0$0$649,214
80$1,491,707$0$0$661,391
81$1,519,894$0$0$673,109
82$1,547,052$0$0$684,265
83$1,572,951$0$0$694,749
84$1,597,338$0$0$704,433
85$1,619,926$0$0$713,178
86$1,640,398$0$0$720,827
87$1,658,397$0$0$727,205
88$1,673,529$0$0$732,120
89$1,685,353$0$0$735,354
90$1,693,378$0$0$736,667
91$1,697,059$0$0$735,793
92$1,695,791$0$0$732,435
93$1,688,902$0$0$726,265
94$1,675,643$0$0$716,918
95$1,655,189$0$0$703,989
96$1,626,619$0$0$687,031
97$1,588,918$0$0$665,548
98$1,540,957$0$0$638,988
99$1,481,488$0$0$606,745
100$1,409,129$0$0$568,144