Can I retire at age 53 with 627,000?

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 $627,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$51,777$51,316$50,866$50,427$49,998$48,592
2 years$25,632$25,155$24,692$24,244$23,809$22,403
3 years$16,918$16,439$15,977$15,533$15,105$13,744
4 years$12,562$12,084$11,628$11,191$10,773$9,466
5 years$9,949$9,474$9,023$8,596$8,190$6,941
6 years$8,208$7,736$7,292$6,874$6,480$5,291
7 years$6,965$6,497$6,060$5,651$5,270$4,141
8 years$6,033$5,569$5,139$4,741$4,372$3,301
9 years$5,308$4,849$4,426$4,038$3,682$2,669
10 years$4,729$4,274$3,859$3,481$3,137$2,181
11 years$4,255$3,805$3,397$3,029$2,698$1,796
12 years$3,860$3,415$3,015$2,657$2,338$1,490
13 years$3,527$3,086$2,694$2,346$2,039$1,242
14 years$3,241$2,805$2,420$2,082$1,787$1,039
15 years$2,994$2,563$2,185$1,857$1,574$873
16 years$2,778$2,351$1,981$1,663$1,391$736
17 years$2,587$2,165$1,803$1,494$1,233$621
18 years$2,418$2,001$1,646$1,346$1,096$526
19 years$2,267$1,854$1,507$1,217$977$446
20 years$2,131$1,723$1,383$1,102$873$378
21 years$2,008$1,605$1,272$1,000$781$321
22 years$1,897$1,498$1,172$909$700$273
23 years$1,795$1,401$1,082$828$629$233
24 years$1,702$1,313$1,001$755$565$198
25 years$1,617$1,232$927$690$508$169
26 years$1,538$1,158$860$631$458$144
27 years$1,465$1,090$798$577$413$123
28 years$1,397$1,027$742$529$373$105
29 years$1,335$969$691$485$336$90
30 years$1,276$915$643$445$304$77
31 years$1,222$865$600$409$275$65
32 years$1,171$818$560$376$249$56
33 years$1,123$775$523$346$225$48
34 years$1,078$735$488$318$204$41
35 years$1,036$697$456$293$184$35
36 years$996$661$427$270$167$30
37 years$958$628$400$248$151$26
38 years$923$597$374$229$137$22
39 years$889$568$351$211$125$19
40 years$857$540$329$195$113$16
41 years$827$514$308$180$102$14
42 years$798$490$289$166$93$12
43 years$771$466$271$153$84$10
44 years$745$445$255$141$77$9
45 years$720$424$239$130$70$7
46 years$697$404$225$121$63$6
47 years$674$386$211$111$57$5
48 years$652$368$198$103$52$5
49 years$632$352$186$95$47$4
50 years$612$336$175$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $627,000, adding $3,669 every year, while hoping to spend $30,190 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: 30/44/26 Blend
52$627,000$627,000$627,000$627,000
53$694,739$661,508$651,789$709,918
54$733,480$661,800$641,502$722,282
55$775,161$661,094$629,859$732,669
56$820,050$659,310$616,781$743,235
57$868,441$656,362$602,190$754,017
58$920,658$652,159$585,998$765,057
59$977,055$646,605$568,119$776,404
60$1,038,023$639,597$548,460$788,114
61$1,103,990$631,027$526,923$800,255
62$1,175,430$620,780$503,407$812,901
63$1,252,859$608,734$477,807$826,139
64$1,336,849$594,759$450,011$840,068
65$1,428,026$578,721$419,905$854,803
66$1,527,080$560,473$387,367$870,471
67$1,634,769$539,863$352,270$887,219
68$1,751,928$516,729$314,484$905,212
69$1,879,475$490,900$273,870$924,639
70$2,018,421$462,193$230,284$945,711
71$2,169,877$430,418$183,576$968,667
72$2,335,068$395,372$133,589$993,775
73$2,515,340$356,840$80,159$1,021,339
74$2,712,175$314,596$23,115$1,051,697
75$2,927,207$268,401$0$1,085,232
76$3,162,230$218,001$0$1,132,845
77$3,419,225$163,130$0$1,192,065
78$3,700,367$103,505$0$1,257,061
79$4,008,057$38,829$0$1,328,489
80$4,344,933$0$0$1,407,075
81$4,713,905$0$0$1,508,740
82$5,118,174$0$0$1,640,826
83$5,561,268$0$0$1,785,699
84$6,047,069$0$0$1,944,640
85$6,579,857$0$0$2,119,062
86$7,164,343$0$0$2,310,522
87$7,805,716$0$0$2,520,733
88$8,509,694$0$0$2,751,583
89$9,282,573$0$0$3,005,152
90$10,131,290$0$0$3,283,733
91$11,063,486$0$0$3,589,848
92$12,087,578$0$0$3,926,279
93$13,212,839$0$0$4,296,089
94$14,449,485$0$0$4,702,654
95$15,808,771$0$0$5,149,692
96$17,303,095$0$0$5,641,300
97$18,946,117$0$0$6,181,991
98$20,752,889$0$0$6,776,740
99$22,739,990$0$0$7,431,024
100$24,925,691$0$0$8,150,882