Can I retire at age 53 with 627,000?

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 $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%19.6%
1 years$51,777$51,316$50,866$50,427$49,998$48,071
2 years$25,632$25,155$24,692$24,244$23,809$21,890
3 years$16,918$16,439$15,977$15,533$15,105$13,256
4 years$12,562$12,084$11,628$11,191$10,773$9,007
5 years$9,949$9,474$9,023$8,596$8,190$6,511
6 years$8,208$7,736$7,292$6,874$6,480$4,890
7 years$6,965$6,497$6,060$5,651$5,270$3,768
8 years$6,033$5,569$5,139$4,741$4,372$2,957
9 years$5,308$4,849$4,426$4,038$3,682$2,351
10 years$4,729$4,274$3,859$3,481$3,137$1,889
11 years$4,255$3,805$3,397$3,029$2,698$1,529
12 years$3,860$3,415$3,015$2,657$2,338$1,245
13 years$3,527$3,086$2,694$2,346$2,039$1,019
14 years$3,241$2,805$2,420$2,082$1,787$837
15 years$2,994$2,563$2,185$1,857$1,574$690
16 years$2,778$2,351$1,981$1,663$1,391$570
17 years$2,587$2,165$1,803$1,494$1,233$472
18 years$2,418$2,001$1,646$1,346$1,096$391
19 years$2,267$1,854$1,507$1,217$977$325
20 years$2,131$1,723$1,383$1,102$873$270
21 years$2,008$1,605$1,272$1,000$781$225
22 years$1,897$1,498$1,172$909$700$187
23 years$1,795$1,401$1,082$828$629$156
24 years$1,702$1,313$1,001$755$565$130
25 years$1,617$1,232$927$690$508$109
26 years$1,538$1,158$860$631$458$91
27 years$1,465$1,090$798$577$413$76
28 years$1,397$1,027$742$529$373$63
29 years$1,335$969$691$485$336$53
30 years$1,276$915$643$445$304$44
31 years$1,222$865$600$409$275$37
32 years$1,171$818$560$376$249$31
33 years$1,123$775$523$346$225$26
34 years$1,078$735$488$318$204$21
35 years$1,036$697$456$293$184$18
36 years$996$661$427$270$167$15
37 years$958$628$400$248$151$13
38 years$923$597$374$229$137$10
39 years$889$568$351$211$125$9
40 years$857$540$329$195$113$7
41 years$827$514$308$180$102$6
42 years$798$490$289$166$93$5
43 years$771$466$271$153$84$4
44 years$745$445$255$141$77$4
45 years$720$424$239$130$70$3
46 years$697$404$225$121$63$3
47 years$674$386$211$111$57$2
48 years$652$368$198$103$52$2
49 years$632$352$186$95$47$1
50 years$612$336$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $627,000, adding $4,950 every year, while hoping to spend $37,924 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: 64/23/13 Blend
52$627,000$627,000$627,000$627,000
53$696,060$662,829$653,110$738,173
54$726,707$654,957$634,639$759,085
55$759,209$645,428$614,277$777,076
56$793,716$634,121$591,923$795,787
57$830,389$620,907$567,467$815,288
58$869,409$605,651$540,796$835,657
59$910,969$588,209$511,794$856,980
60$955,285$568,428$480,335$879,355
61$1,002,589$546,146$446,292$902,892
62$1,053,139$521,193$409,529$927,713
63$1,107,217$493,389$369,905$953,952
64$1,165,130$462,542$327,274$981,763
65$1,227,217$428,450$281,482$1,011,314
66$1,293,849$390,900$232,367$1,042,794
67$1,365,433$349,666$179,763$1,076,414
68$1,442,417$304,509$123,495$1,112,408
69$1,525,290$255,177$63,379$1,151,037
70$1,614,593$201,405$0$1,192,591
71$1,710,918$142,909$0$1,237,502
72$1,814,913$79,394$0$1,295,408
73$1,927,295$10,545$0$1,357,939
74$2,048,849$0$0$1,425,568
75$2,180,438$0$0$1,515,010
76$2,323,011$0$0$1,614,845
77$2,477,611$0$0$1,723,141
78$2,645,387$0$0$1,840,705
79$2,827,601$0$0$1,968,428
80$3,025,640$0$0$2,107,288
81$3,241,033$0$0$2,258,361
82$3,475,459$0$0$2,422,832
83$3,730,767$0$0$2,602,003
84$4,008,993$0$0$2,797,309
85$4,312,375$0$0$3,010,328
86$4,643,377$0$0$3,242,798
87$5,004,713$0$0$3,496,630
88$5,399,367$0$0$3,773,929
89$5,830,628$0$0$4,077,014
90$6,302,114$0$0$4,408,434
91$6,817,809$0$0$4,771,000
92$7,382,102$0$0$5,167,804
93$7,999,821$0$0$5,602,252
94$8,676,288$0$0$6,078,094
95$9,417,359$0$0$6,599,462
96$10,229,486$0$0$7,170,903
97$11,119,775$0$0$7,797,427
98$12,096,049$0$0$8,484,553
99$13,166,929$0$0$9,238,356
100$14,341,906$0$0$10,065,532