Can I retire at age 53 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$52,107$51,643$51,190$50,748$50,317$50,021
2 years$25,796$25,315$24,850$24,398$23,960$23,662
3 years$17,026$16,544$16,079$15,632$15,201$14,909
4 years$12,642$12,161$11,702$11,262$10,842$10,559
5 years$10,013$9,535$9,081$8,650$8,242$7,968
6 years$8,260$7,786$7,339$6,918$6,521$6,258
7 years$7,009$6,539$6,099$5,687$5,304$5,050
8 years$6,071$5,605$5,172$4,771$4,400$4,157
9 years$5,342$4,880$4,455$4,064$3,705$3,472
10 years$4,759$4,301$3,884$3,503$3,157$2,934
11 years$4,282$3,829$3,419$3,049$2,715$2,502
12 years$3,885$3,437$3,034$2,674$2,353$2,150
13 years$3,549$3,106$2,711$2,361$2,052$1,858
14 years$3,262$2,823$2,436$2,096$1,799$1,614
15 years$3,013$2,579$2,199$1,869$1,584$1,408
16 years$2,796$2,366$1,994$1,674$1,400$1,233
17 years$2,604$2,179$1,814$1,504$1,241$1,083
18 years$2,434$2,014$1,656$1,355$1,103$953
19 years$2,281$1,866$1,516$1,224$984$841
20 years$2,145$1,734$1,392$1,109$879$744
21 years$2,021$1,615$1,280$1,006$786$659
22 years$1,909$1,508$1,180$915$705$585
23 years$1,806$1,410$1,089$833$633$519
24 years$1,713$1,321$1,007$760$569$462
25 years$1,627$1,240$933$694$512$411
26 years$1,548$1,165$865$635$461$367
27 years$1,474$1,097$804$581$415$327
28 years$1,406$1,034$747$532$375$292
29 years$1,343$975$695$488$339$260
30 years$1,284$921$648$448$306$233
31 years$1,230$870$604$411$277$208
32 years$1,178$824$563$378$250$186
33 years$1,130$780$526$348$226$166
34 years$1,085$739$491$320$205$149
35 years$1,042$701$459$295$186$133
36 years$1,002$666$430$271$168$119
37 years$964$632$402$250$152$107
38 years$929$601$377$230$138$96
39 years$895$571$353$212$125$86
40 years$863$543$331$196$114$77
41 years$832$517$310$181$103$69
42 years$803$493$291$167$94$62
43 years$776$469$273$154$85$55
44 years$750$447$256$142$77$50
45 years$725$427$241$131$70$45
46 years$701$407$226$121$64$40
47 years$678$388$212$112$58$36
48 years$657$371$200$104$52$32
49 years$636$354$188$96$48$29
50 years$616$338$176$88$43$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $631,000, adding $3,127 every year, while hoping to spend $27,913 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: 46/36/18 Blend
52$631,000$631,000$631,000$631,000
53$698,588$665,145$655,364$727,003
54$740,144$668,037$647,619$750,045
55$785,004$670,136$638,680$771,981
56$833,475$671,373$628,476$795,189
57$885,894$671,676$616,935$819,798
58$942,634$670,966$603,980$845,955
59$1,004,101$669,162$589,533$873,820
60$1,070,746$666,178$573,509$903,573
61$1,143,062$661,920$555,821$935,413
62$1,221,592$656,292$536,378$969,560
63$1,306,932$649,188$515,085$1,006,262
64$1,399,741$640,500$491,842$1,045,791
65$1,500,741$630,111$466,545$1,088,451
66$1,610,726$617,896$439,084$1,134,576
67$1,730,573$603,726$409,346$1,184,541
68$1,861,244$587,461$377,212$1,238,760
69$2,003,799$568,955$342,557$1,297,690
70$2,159,406$548,053$305,252$1,361,842
71$2,329,347$524,589$265,160$1,431,778
72$2,515,038$498,391$222,140$1,508,124
73$2,718,034$469,275$176,044$1,591,571
74$2,940,049$437,045$126,717$1,682,887
75$3,182,971$401,496$73,998$1,782,919
76$3,448,875$362,412$17,719$1,892,609
77$3,740,052$319,561$0$2,012,996
78$4,059,019$272,701$0$2,153,363
79$4,408,551$221,576$0$2,311,014
80$4,791,704$165,914$0$2,483,988
81$5,211,844$105,430$0$2,673,882
82$5,672,676$39,820$0$2,882,461
83$6,178,284$0$0$3,111,673
84$6,733,165$0$0$3,376,045
85$7,342,271$0$0$3,683,643
86$8,011,059$0$0$4,021,459
87$8,745,539$0$0$4,392,537
88$9,552,334$0$0$4,800,233
89$10,438,735$0$0$5,248,244
90$11,412,780$0$0$5,740,641
91$12,483,320$0$0$6,281,910
92$13,660,108$0$0$6,876,994
93$14,953,888$0$0$7,531,338
94$16,376,498$0$0$8,250,942
95$17,940,979$0$0$9,042,414
96$19,661,701$0$0$9,913,037
97$21,554,495$0$0$10,870,835
98$23,636,804$0$0$11,924,649
99$25,927,847$0$0$13,084,218
100$28,448,799$0$0$14,360,277