Can I retire at age 53 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$51,942$51,480$51,028$50,588$50,157$48,728
2 years$25,714$25,235$24,771$24,321$23,884$22,455
3 years$16,972$16,491$16,028$15,583$15,153$13,769
4 years$12,602$12,123$11,665$11,226$10,807$9,479
5 years$9,981$9,505$9,052$8,623$8,216$6,947
6 years$8,234$7,761$7,316$6,896$6,501$5,293
7 years$6,987$6,518$6,079$5,669$5,287$4,139
8 years$6,052$5,587$5,156$4,756$4,386$3,298
9 years$5,325$4,864$4,441$4,051$3,694$2,665
10 years$4,744$4,288$3,871$3,492$3,147$2,176
11 years$4,269$3,817$3,408$3,039$2,707$1,791
12 years$3,873$3,426$3,025$2,666$2,346$1,485
13 years$3,538$3,096$2,702$2,353$2,045$1,237
14 years$3,252$2,814$2,428$2,089$1,793$1,034
15 years$3,004$2,571$2,192$1,863$1,579$868
16 years$2,787$2,359$1,988$1,668$1,395$731
17 years$2,596$2,172$1,809$1,499$1,237$617
18 years$2,426$2,007$1,651$1,351$1,100$522
19 years$2,274$1,860$1,511$1,221$980$442
20 years$2,138$1,729$1,387$1,105$876$375
21 years$2,015$1,610$1,276$1,003$784$318
22 years$1,903$1,503$1,176$912$702$270
23 years$1,801$1,406$1,086$831$631$230
24 years$1,707$1,317$1,004$758$567$196
25 years$1,622$1,236$930$692$510$167
26 years$1,543$1,162$863$633$459$142
27 years$1,470$1,093$801$579$414$121
28 years$1,402$1,030$745$531$374$103
29 years$1,339$972$693$487$337$88
30 years$1,280$918$645$447$305$75
31 years$1,226$868$602$410$276$64
32 years$1,174$821$561$377$249$55
33 years$1,126$778$524$347$226$47
34 years$1,081$737$490$319$204$40
35 years$1,039$699$458$294$185$34
36 years$999$663$428$270$168$29
37 years$961$630$401$249$152$25
38 years$926$599$375$230$138$21
39 years$892$569$352$212$125$18
40 years$860$542$330$195$113$16
41 years$830$516$309$180$103$13
42 years$801$491$290$166$93$11
43 years$773$468$272$153$85$10
44 years$747$446$255$142$77$8
45 years$722$425$240$131$70$7
46 years$699$406$225$121$63$6
47 years$676$387$212$112$58$5
48 years$655$370$199$103$52$4
49 years$634$353$187$95$47$4
50 years$614$337$176$88$43$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $629,000, adding $6,378 every year, while hoping to spend $36,157 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: 69/8/23 Blend
52$629,000$629,000$629,000$629,000
53$699,737$666,400$656,650$743,540
54$732,639$660,583$640,177$767,849
55$767,686$653,269$621,941$789,648
56$805,057$644,346$601,843$812,641
57$844,951$633,697$579,783$836,944
58$887,584$621,196$555,654$862,685
59$933,194$606,711$529,344$890,009
60$982,041$590,101$500,738$919,073
61$1,034,410$571,217$469,714$950,055
62$1,090,616$549,903$436,146$983,147
63$1,151,001$525,991$399,899$1,018,568
64$1,215,944$499,305$360,836$1,056,556
65$1,285,858$469,659$318,812$1,097,376
66$1,361,200$436,856$273,676$1,141,321
67$1,442,467$400,687$225,270$1,188,718
68$1,530,211$360,933$173,428$1,239,926
69$1,625,033$317,359$117,979$1,295,344
70$1,727,598$269,721$58,743$1,355,412
71$1,838,634$217,759$0$1,420,618
72$1,958,943$161,197$0$1,492,601
73$2,089,405$99,745$0$1,586,315
74$2,230,990$33,099$0$1,688,040
75$2,384,763$0$0$1,798,559
76$2,551,897$0$0$1,922,173
77$2,733,681$0$0$2,059,824
78$2,931,533$0$0$2,209,674
79$3,147,016$0$0$2,372,912
80$3,381,847$0$0$2,550,842
81$3,637,916$0$0$2,744,901
82$3,917,304$0$0$2,956,672
83$4,222,302$0$0$3,187,894
84$4,555,432$0$0$3,440,485
85$4,919,467$0$0$3,716,554
86$5,317,465$0$0$4,018,425
87$5,752,790$0$0$4,348,653
88$6,229,145$0$0$4,710,056
89$6,750,610$0$0$5,105,734
90$7,321,676$0$0$5,539,101
91$7,947,290$0$0$6,013,919
92$8,632,898$0$0$6,534,327
93$9,384,501$0$0$7,104,887
94$10,208,705$0$0$7,730,622
95$11,112,788$0$0$8,417,065
96$12,104,766$0$0$9,170,309
97$13,193,467$0$0$9,997,068
98$14,388,617$0$0$10,904,734
99$15,700,930$0$0$11,901,453
100$17,142,205$0$0$12,996,198