Can I retire at age 53 with 626,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$51,694$51,234$50,785$50,346$49,918$48,950
2 years$25,591$25,115$24,653$24,205$23,771$22,799
3 years$16,891$16,413$15,952$15,508$15,081$14,137
4 years$12,542$12,065$11,609$11,173$10,756$9,846
5 years$9,934$9,459$9,009$8,582$8,176$7,303
6 years$8,195$7,724$7,281$6,863$6,470$5,634
7 years$6,954$6,487$6,050$5,642$5,262$4,464
8 years$6,023$5,560$5,131$4,733$4,365$3,605
9 years$5,299$4,841$4,419$4,032$3,676$2,954
10 years$4,721$4,267$3,853$3,475$3,132$2,446
11 years$4,248$3,799$3,392$3,025$2,694$2,044
12 years$3,854$3,410$3,010$2,653$2,334$1,719
13 years$3,521$3,081$2,690$2,342$2,036$1,454
14 years$3,236$2,801$2,417$2,079$1,784$1,236
15 years$2,989$2,559$2,182$1,854$1,571$1,054
16 years$2,773$2,348$1,978$1,660$1,389$902
17 years$2,583$2,162$1,800$1,492$1,231$774
18 years$2,414$1,998$1,643$1,344$1,095$666
19 years$2,263$1,852$1,504$1,215$976$574
20 years$2,128$1,721$1,381$1,100$872$495
21 years$2,005$1,603$1,270$998$780$428
22 years$1,894$1,496$1,170$908$699$370
23 years$1,792$1,399$1,081$827$628$321
24 years$1,699$1,311$999$754$564$278
25 years$1,614$1,230$926$689$508$241
26 years$1,535$1,156$858$630$457$209
27 years$1,463$1,088$797$576$412$182
28 years$1,395$1,025$741$528$372$158
29 years$1,333$967$690$484$336$137
30 years$1,274$914$642$444$303$119
31 years$1,220$864$599$408$274$104
32 years$1,169$817$559$375$248$90
33 years$1,121$774$522$345$225$79
34 years$1,076$733$487$317$203$69
35 years$1,034$696$456$292$184$60
36 years$994$660$426$269$167$52
37 years$957$627$399$248$151$45
38 years$921$596$374$229$137$39
39 years$888$567$350$211$124$34
40 years$856$539$328$194$113$30
41 years$826$513$308$179$102$26
42 years$797$489$289$165$93$23
43 years$770$466$271$153$84$20
44 years$744$444$254$141$76$17
45 years$719$423$239$130$69$15
46 years$695$404$224$120$63$13
47 years$673$385$211$111$57$11
48 years$651$368$198$103$52$10
49 years$631$351$186$95$47$9
50 years$611$336$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $626,000, adding $2,788 every year, while hoping to spend $47,589 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: 57/35/8 Blend
52$626,000$626,000$626,000$626,000
53$692,728$659,550$649,847$730,789
54$712,752$641,233$620,982$738,428
55$733,223$620,425$589,556$741,172
56$754,137$596,951$555,432$742,998
57$775,488$570,630$518,467$743,821
58$797,265$541,269$478,513$743,554
59$819,459$508,663$435,416$742,101
60$842,053$472,597$389,012$739,360
61$865,031$432,843$339,133$735,224
62$888,371$389,159$285,600$729,575
63$912,048$341,291$228,231$722,288
64$936,031$288,968$166,831$713,230
65$960,285$231,907$101,199$702,258
66$984,770$169,806$31,125$689,219
67$1,009,439$102,348$0$673,949
68$1,034,236$29,198$0$659,997
69$1,059,100$0$0$646,526
70$1,083,961$0$0$649,953
71$1,108,738$0$0$664,542
72$1,133,340$0$0$678,991
73$1,157,664$0$0$693,233
74$1,181,594$0$0$707,195
75$1,204,998$0$0$720,794
76$1,227,731$0$0$733,935
77$1,249,627$0$0$746,516
78$1,270,502$0$0$758,417
79$1,290,148$0$0$769,509
80$1,308,334$0$0$779,645
81$1,324,804$0$0$788,662
82$1,339,268$0$0$796,377
83$1,351,407$0$0$802,589
84$1,360,863$0$0$807,071
85$1,367,240$0$0$809,572
86$1,370,095$0$0$809,814
87$1,368,939$0$0$807,488
88$1,363,226$0$0$802,249
89$1,352,352$0$0$793,716
90$1,335,646$0$0$781,466
91$1,312,365$0$0$765,031
92$1,281,685$0$0$743,891
93$1,242,692$0$0$717,471
94$1,194,376$0$0$685,133
95$1,135,616$0$0$646,173
96$1,065,175$0$0$599,811
97$981,681$0$0$545,183
98$883,618$0$0$481,335
99$769,310$0$0$407,212
100$636,902$0$0$321,647