Can I retire at age 53 with 626,000?

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 $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 $2,232 every year, while hoping to spend $25,068 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: 52/23/25 Blend
52$626,000$626,000$626,000$626,000
53$692,154$658,976$649,273$723,212
54$736,082$664,594$644,352$750,574
55$783,650$669,647$638,425$777,581
56$835,203$674,080$631,434$806,450
57$891,121$677,838$623,314$837,366
58$951,820$680,857$614,000$870,538
59$1,017,760$683,072$603,423$906,195
60$1,089,444$684,416$591,510$944,591
61$1,167,428$684,813$578,186$986,005
62$1,252,323$684,185$563,372$1,030,750
63$1,344,800$682,451$546,985$1,079,169
64$1,445,599$679,520$528,939$1,131,642
65$1,555,534$675,300$509,142$1,188,589
66$1,675,500$669,692$487,500$1,250,476
67$1,806,484$662,590$463,914$1,317,816
68$1,949,571$653,882$438,281$1,391,178
69$2,105,956$643,451$410,492$1,471,190
70$2,276,954$631,171$380,434$1,558,547
71$2,464,014$616,909$347,990$1,654,017
72$2,668,731$600,525$313,035$1,758,447
73$2,892,860$581,870$275,440$1,872,774
74$3,138,336$560,786$235,072$1,998,035
75$3,407,289$537,107$191,789$2,135,372
76$3,702,063$510,655$145,445$2,286,051
77$4,025,242$481,246$95,886$2,451,466
78$4,379,671$448,681$42,952$2,633,158
79$4,768,482$412,752$0$2,832,831
80$5,195,128$373,237$0$3,055,974
81$5,663,411$329,905$0$3,313,515
82$6,177,517$282,509$0$3,596,322
83$6,742,059$230,788$0$3,906,977
84$7,362,120$174,467$0$4,248,325
85$8,043,297$113,256$0$4,623,502
86$8,791,756$46,849$0$5,035,969
87$9,614,291$0$0$5,489,540
88$10,518,387$0$0$5,994,768
89$11,512,289$0$0$6,563,284
90$12,605,081$0$0$7,188,435
91$13,806,773$0$0$7,875,957
92$15,128,389$0$0$8,632,166
93$16,582,081$0$0$9,464,024
94$18,181,233$0$0$10,379,199
95$19,940,593$0$0$11,386,143
96$21,876,411$0$0$12,494,165
97$24,006,593$0$0$13,713,524
98$26,350,864$0$0$15,055,524
99$28,930,963$0$0$16,532,620
100$31,770,839$0$0$18,158,534