Can I retire at age 53 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$52,190$51,725$51,272$50,829$50,397$49,808
2 years$25,837$25,355$24,889$24,437$23,998$23,406
3 years$17,053$16,570$16,105$15,657$15,226$14,648
4 years$12,663$12,181$11,720$11,280$10,859$10,300
5 years$10,029$9,550$9,095$8,664$8,255$7,717
6 years$8,273$7,798$7,350$6,929$6,532$6,015
7 years$7,020$6,549$6,108$5,697$5,312$4,817
8 years$6,081$5,614$5,180$4,779$4,407$3,933
9 years$5,350$4,888$4,462$4,070$3,711$3,259
10 years$4,766$4,308$3,890$3,509$3,162$2,730
11 years$4,289$3,835$3,425$3,054$2,720$2,308
12 years$3,891$3,442$3,039$2,678$2,357$1,966
13 years$3,555$3,111$2,715$2,365$2,055$1,684
14 years$3,267$2,828$2,440$2,099$1,801$1,449
15 years$3,018$2,583$2,203$1,872$1,586$1,252
16 years$2,800$2,370$1,997$1,676$1,402$1,086
17 years$2,608$2,183$1,817$1,506$1,243$945
18 years$2,437$2,017$1,659$1,357$1,105$824
19 years$2,285$1,869$1,519$1,226$985$720
20 years$2,148$1,737$1,394$1,111$880$630
21 years$2,024$1,618$1,282$1,008$787$552
22 years$1,912$1,510$1,182$917$706$485
23 years$1,809$1,413$1,091$835$634$426
24 years$1,716$1,323$1,009$761$569$375
25 years$1,629$1,242$935$695$512$330
26 years$1,550$1,167$867$636$462$291
27 years$1,477$1,099$805$582$416$257
28 years$1,409$1,035$748$533$376$226
29 years$1,345$977$696$489$339$200
30 years$1,286$922$649$449$306$177
31 years$1,231$872$605$412$277$156
32 years$1,180$825$564$379$251$138
33 years$1,132$781$527$348$227$122
34 years$1,087$740$492$320$205$108
35 years$1,044$702$460$295$186$96
36 years$1,004$667$430$272$168$85
37 years$966$633$403$250$153$75
38 years$930$602$377$231$138$66
39 years$896$572$353$213$126$59
40 years$864$544$331$196$114$52
41 years$834$518$311$181$103$46
42 years$805$493$291$167$94$41
43 years$777$470$273$154$85$36
44 years$751$448$257$142$77$32
45 years$726$427$241$132$70$28
46 years$702$408$226$121$64$25
47 years$679$389$213$112$58$22
48 years$658$371$200$104$52$20
49 years$637$355$188$96$48$17
50 years$617$339$177$89$43$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $632,000, adding $4,954 every year, while hoping to spend $40,247 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: 33/37/30 Blend
52$632,000$632,000$632,000$632,000
53$701,574$668,078$658,282$718,220
54$730,312$657,991$637,512$721,280
55$760,633$646,062$614,697$720,686
56$792,654$632,156$589,727$719,278
57$826,507$616,133$562,485$717,012
58$862,332$597,845$532,849$713,845
59$900,285$577,134$500,694$709,733
60$940,533$553,833$465,887$704,631
61$983,262$527,765$428,289$698,496
62$1,028,673$498,745$387,755$691,282
63$1,076,987$466,573$344,134$682,948
64$1,128,447$431,041$297,269$673,450
65$1,183,315$391,930$246,995$662,750
66$1,241,883$349,004$193,139$650,807
67$1,304,468$302,018$135,522$637,587
68$1,371,418$250,711$73,956$623,056
69$1,443,114$194,807$8,245$607,186
70$1,519,975$134,016$0$589,954
71$1,602,461$68,031$0$591,148
72$1,691,074$0$0$595,053
73$1,786,369$0$0$600,509
74$1,888,952$0$0$636,267
75$1,999,491$0$0$674,869
76$2,118,717$0$0$716,581
77$2,247,436$0$0$761,693
78$2,386,531$0$0$810,524
79$2,536,975$0$0$863,427
80$2,699,834$0$0$920,789
81$2,876,284$0$0$983,034
82$3,067,616$0$0$1,050,631
83$3,275,249$0$0$1,124,093
84$3,500,744$0$0$1,203,987
85$3,745,820$0$0$1,290,935
86$4,012,366$0$0$1,385,622
87$4,302,460$0$0$1,488,802
88$4,618,390$0$0$1,601,304
89$4,962,673$0$0$1,724,042
90$5,338,078$0$0$1,858,021
91$5,747,656$0$0$2,004,346
92$6,194,760$0$0$2,164,236
93$6,683,086$0$0$2,339,031
94$7,216,700$0$0$2,530,208
95$7,800,078$0$0$2,739,391
96$8,438,150$0$0$2,968,371
97$9,136,343$0$0$3,219,118
98$9,900,633$0$0$3,493,803
99$10,737,600$0$0$3,794,814
100$11,654,492$0$0$4,124,786