Can I retire at age 53 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$52,025$51,561$51,109$50,668$50,237$49,795
2 years$25,755$25,275$24,810$24,360$23,922$23,477
3 years$16,999$16,518$16,054$15,607$15,177$14,743
4 years$12,622$12,142$11,683$11,244$10,825$10,404
5 years$9,997$9,520$9,067$8,637$8,229$7,823
6 years$8,247$7,773$7,327$6,907$6,511$6,121
7 years$6,998$6,528$6,089$5,678$5,295$4,920
8 years$6,061$5,596$5,164$4,764$4,393$4,034
9 years$5,333$4,872$4,448$4,057$3,699$3,356
10 years$4,751$4,295$3,878$3,498$3,152$2,824
11 years$4,275$3,823$3,414$3,044$2,711$2,398
12 years$3,879$3,432$3,030$2,670$2,349$2,051
13 years$3,544$3,101$2,707$2,357$2,049$1,765
14 years$3,257$2,819$2,432$2,092$1,796$1,526
15 years$3,008$2,575$2,196$1,866$1,581$1,325
16 years$2,791$2,363$1,991$1,671$1,397$1,155
17 years$2,600$2,176$1,812$1,501$1,239$1,009
18 years$2,430$2,011$1,654$1,353$1,102$884
19 years$2,278$1,863$1,514$1,222$982$776
20 years$2,141$1,732$1,389$1,107$877$683
21 years$2,018$1,613$1,278$1,005$785$602
22 years$1,906$1,506$1,178$914$704$531
23 years$1,804$1,408$1,088$832$632$469
24 years$1,710$1,319$1,006$759$568$415
25 years$1,624$1,238$932$693$511$368
26 years$1,545$1,164$864$634$460$326
27 years$1,472$1,095$802$580$415$289
28 years$1,404$1,032$746$531$374$257
29 years$1,341$973$694$487$338$228
30 years$1,282$919$646$447$305$202
31 years$1,228$869$603$411$276$180
32 years$1,176$822$562$378$250$160
33 years$1,128$779$525$347$226$142
34 years$1,083$738$491$319$205$127
35 years$1,041$700$459$294$185$113
36 years$1,001$664$429$271$168$100
37 years$963$631$402$250$152$89
38 years$927$600$376$230$138$80
39 years$893$570$352$212$125$71
40 years$861$543$330$196$114$63
41 years$831$517$310$180$103$56
42 years$802$492$290$167$93$50
43 years$775$469$273$154$85$45
44 years$749$447$256$142$77$40
45 years$724$426$240$131$70$36
46 years$700$406$226$121$63$32
47 years$677$388$212$112$58$28
48 years$656$370$199$103$52$25
49 years$635$354$187$96$48$22
50 years$615$338$176$88$43$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $630,000, adding $6,819 every year, while hoping to spend $32,307 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: 78/16/6 Blend
52$630,000$630,000$630,000$630,000
53$701,294$667,904$658,139$755,087
54$738,451$666,257$645,812$789,688
55$778,316$663,446$631,990$822,722
56$821,130$659,381$616,587$857,986
57$867,160$653,964$599,517$895,686
58$916,695$647,094$580,686$936,050
59$970,058$638,661$559,998$979,330
60$1,027,599$628,551$537,354$1,025,802
61$1,089,705$616,641$512,646$1,075,772
62$1,156,800$602,802$485,765$1,129,575
63$1,229,352$586,897$456,596$1,187,583
64$1,307,872$568,782$425,019$1,250,206
65$1,392,925$548,302$390,907$1,317,893
66$1,485,131$525,296$354,129$1,391,143
67$1,585,170$499,591$314,549$1,470,505
68$1,693,793$471,006$272,021$1,556,583
69$1,811,824$439,350$226,398$1,650,045
70$1,940,169$404,418$177,522$1,751,626
71$2,079,828$365,995$125,230$1,862,138
72$2,231,897$323,856$69,352$1,982,477
73$2,397,585$277,759$9,710$2,113,630
74$2,578,221$227,452$0$2,256,685
75$2,775,269$172,666$0$2,416,297
76$2,990,339$113,119$0$2,591,225
77$3,225,203$48,512$0$2,782,320
78$3,481,814$0$0$2,991,207
79$3,762,320$0$0$3,223,458
80$4,069,087$0$0$3,486,812
81$4,404,718$0$0$3,774,967
82$4,772,083$0$0$4,090,387
83$5,174,338$0$0$4,435,787
84$5,614,961$0$0$4,814,156
85$6,097,783$0$0$5,228,784
86$6,627,020$0$0$5,683,298
87$7,207,319$0$0$6,181,689
88$7,843,794$0$0$6,728,355
89$8,542,082$0$0$7,328,139
90$9,308,390$0$0$7,986,375
91$10,149,553$0$0$8,708,942
92$11,073,105$0$0$9,502,310
93$12,087,339$0$0$10,373,612
94$13,201,397$0$0$11,330,701
95$14,425,344$0$0$12,382,231
96$15,770,272$0$0$13,537,735
97$17,248,399$0$0$14,807,715
98$18,873,187$0$0$16,203,740
99$20,659,464$0$0$17,738,558
100$22,623,570$0$0$19,426,211