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 $5,405 every year, while hoping to spend $47,683 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: 51/42/7 Blend
52$627,000$627,000$627,000$627,000
53$696,529$663,298$653,580$730,565
54$716,841$645,066$624,740$736,081
55$737,626$624,341$593,337$736,480
56$758,883$600,953$559,232$735,779
57$780,608$574,718$522,285$733,884
58$802,795$545,444$482,347$730,698
59$825,435$512,927$439,261$726,115
60$848,519$476,949$392,865$720,021
61$872,032$437,284$342,991$712,296
62$895,958$393,690$289,459$702,812
63$920,276$345,911$232,087$691,432
64$944,962$293,678$170,680$678,009
65$969,987$236,707$105,036$662,387
66$995,316$174,696$34,945$644,400
67$1,020,910$107,329$0$623,869
68$1,046,723$34,268$0$603,581
69$1,072,702$0$0$583,335
70$1,098,786$0$0$581,042
71$1,124,906$0$0$594,572
72$1,150,982$0$0$608,042
73$1,176,925$0$0$621,399
74$1,202,634$0$0$634,586
75$1,227,993$0$0$647,537
76$1,252,873$0$0$660,177
77$1,277,129$0$0$672,425
78$1,300,598$0$0$684,187
79$1,323,097$0$0$695,358
80$1,344,421$0$0$705,823
81$1,364,340$0$0$715,450
82$1,382,598$0$0$724,094
83$1,398,911$0$0$731,594
84$1,412,959$0$0$737,769
85$1,424,388$0$0$742,417
86$1,432,802$0$0$745,316
87$1,437,764$0$0$746,216
88$1,438,784$0$0$744,842
89$1,435,321$0$0$740,886
90$1,426,773$0$0$734,009
91$1,412,471$0$0$723,834
92$1,391,677$0$0$709,942
93$1,363,568$0$0$691,870
94$1,327,235$0$0$669,103
95$1,281,670$0$0$641,075
96$1,225,759$0$0$607,155
97$1,158,265$0$0$566,647
98$1,077,822$0$0$518,781
99$982,918$0$0$462,703
100$871,882$0$0$397,473