Can I retire at age 53 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$51,860$51,398$50,947$50,507$50,078$49,167
2 years$25,673$25,195$24,732$24,282$23,846$22,932
3 years$16,945$16,465$16,003$15,558$15,129$14,240
4 years$12,582$12,104$11,646$11,209$10,790$9,933
5 years$9,965$9,489$9,038$8,609$8,203$7,379
6 years$8,221$7,749$7,304$6,885$6,490$5,702
7 years$6,976$6,507$6,070$5,660$5,278$4,526
8 years$6,042$5,578$5,147$4,748$4,379$3,662
9 years$5,316$4,857$4,434$4,045$3,688$3,005
10 years$4,736$4,281$3,865$3,486$3,142$2,494
11 years$4,262$3,811$3,403$3,034$2,702$2,087
12 years$3,867$3,421$3,020$2,661$2,342$1,759
13 years$3,533$3,091$2,698$2,350$2,042$1,491
14 years$3,247$2,810$2,424$2,086$1,790$1,270
15 years$2,999$2,567$2,189$1,860$1,576$1,085
16 years$2,782$2,355$1,984$1,666$1,393$931
17 years$2,591$2,169$1,806$1,496$1,235$800
18 years$2,422$2,004$1,648$1,349$1,098$690
19 years$2,271$1,857$1,509$1,219$979$596
20 years$2,134$1,726$1,385$1,104$874$515
21 years$2,011$1,608$1,274$1,002$782$446
22 years$1,900$1,501$1,174$911$701$387
23 years$1,798$1,404$1,084$829$630$336
24 years$1,705$1,315$1,003$756$566$292
25 years$1,619$1,234$929$691$509$254
26 years$1,540$1,160$861$632$459$221
27 years$1,467$1,092$800$578$414$192
28 years$1,400$1,029$743$530$373$168
29 years$1,337$970$692$486$337$146
30 years$1,278$916$644$446$304$127
31 years$1,224$866$601$409$275$111
32 years$1,173$820$561$376$249$97
33 years$1,125$776$523$346$225$85
34 years$1,080$736$489$318$204$74
35 years$1,037$698$457$293$185$64
36 years$997$662$428$270$167$56
37 years$960$629$400$249$152$49
38 years$924$598$375$229$138$43
39 years$890$569$351$211$125$37
40 years$859$541$329$195$113$33
41 years$828$515$309$180$103$29
42 years$800$490$290$166$93$25
43 years$772$467$272$153$85$22
44 years$746$445$255$141$77$19
45 years$721$425$239$131$70$17
46 years$698$405$225$121$63$15
47 years$675$387$211$112$57$13
48 years$654$369$199$103$52$11
49 years$633$352$187$95$47$10
50 years$613$337$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 $628,000, adding $2,599 every year, while hoping to spend $38,930 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: 41/48/11 Blend
52$628,000$628,000$628,000$628,000
53$694,737$661,453$651,719$720,856
54$724,179$652,443$632,130$730,439
55$755,319$641,687$610,581$736,733
56$788,290$629,057$586,963$742,679
57$823,235$614,421$561,166$748,261
58$860,313$597,636$533,073$753,467
59$899,696$578,550$502,562$758,285
60$941,572$557,007$469,505$762,705
61$986,148$532,835$433,769$766,720
62$1,033,649$505,859$395,215$770,328
63$1,084,324$475,888$353,697$773,528
64$1,138,442$442,724$309,063$776,326
65$1,196,301$406,156$261,154$778,731
66$1,258,227$365,960$209,806$780,760
67$1,324,576$321,902$154,844$782,436
68$1,395,740$273,732$96,089$783,790
69$1,472,148$221,188$33,351$784,863
70$1,554,272$163,992$0$785,704
71$1,642,630$101,849$0$790,322
72$1,737,790$34,452$0$799,283
73$1,840,376$0$0$808,784
74$1,951,074$0$0$839,313
75$2,070,637$0$0$892,004
76$2,199,892$0$0$949,032
77$2,339,750$0$0$1,010,808
78$2,491,211$0$0$1,077,781
79$2,655,375$0$0$1,150,448
80$2,833,450$0$0$1,229,353
81$3,026,766$0$0$1,315,095
82$3,236,786$0$0$1,408,334
83$3,465,119$0$0$1,509,794
84$3,713,534$0$0$1,620,275
85$3,983,979$0$0$1,740,654
86$4,278,598$0$0$1,871,898
87$4,599,747$0$0$2,015,070
88$4,950,022$0$0$2,171,341
89$5,332,281$0$0$2,342,000
90$5,749,666$0$0$2,528,465
91$6,205,640$0$0$2,732,299
92$6,704,013$0$0$2,955,220
93$7,248,979$0$0$3,199,123
94$7,845,159$0$0$3,466,091
95$8,497,638$0$0$3,758,421
96$9,212,016$0$0$4,078,641
97$9,994,460$0$0$4,429,534
98$10,851,763$0$0$4,814,166
99$11,791,404$0$0$5,235,915
100$12,821,619$0$0$5,698,499