Can I retire at age 53 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$52,273$51,807$51,353$50,909$50,476$50,012
2 years$25,877$25,396$24,928$24,476$24,036$23,568
3 years$17,080$16,596$16,130$15,682$15,250$14,792
4 years$12,683$12,200$11,739$11,298$10,876$10,434
5 years$10,045$9,565$9,110$8,678$8,268$7,841
6 years$8,287$7,811$7,362$6,940$6,542$6,132
7 years$7,031$6,559$6,118$5,706$5,320$4,927
8 years$6,090$5,622$5,188$4,786$4,414$4,037
9 years$5,359$4,895$4,469$4,077$3,717$3,356
10 years$4,774$4,315$3,896$3,514$3,167$2,822
11 years$4,296$3,841$3,430$3,058$2,724$2,395
12 years$3,897$3,448$3,044$2,683$2,360$2,047
13 years$3,561$3,116$2,720$2,368$2,058$1,760
14 years$3,272$2,832$2,444$2,102$1,804$1,521
15 years$3,023$2,587$2,206$1,875$1,589$1,320
16 years$2,804$2,374$2,000$1,679$1,404$1,149
17 years$2,612$2,186$1,820$1,508$1,245$1,004
18 years$2,441$2,020$1,662$1,359$1,107$879
19 years$2,289$1,872$1,521$1,228$987$771
20 years$2,151$1,740$1,396$1,112$881$678
21 years$2,027$1,621$1,284$1,010$789$597
22 years$1,915$1,513$1,183$918$707$527
23 years$1,812$1,415$1,093$836$635$465
24 years$1,718$1,326$1,011$763$570$411
25 years$1,632$1,244$936$696$513$364
26 years$1,552$1,169$868$637$462$322
27 years$1,479$1,100$806$583$417$285
28 years$1,411$1,037$749$534$376$253
29 years$1,348$978$697$490$340$225
30 years$1,289$924$650$449$307$199
31 years$1,233$873$606$413$277$177
32 years$1,182$826$565$379$251$157
33 years$1,134$782$528$349$227$140
34 years$1,088$742$493$321$206$124
35 years$1,046$703$461$295$186$111
36 years$1,005$668$431$272$169$98
37 years$967$634$403$251$153$87
38 years$932$603$378$231$139$78
39 years$898$573$354$213$126$69
40 years$865$545$332$197$114$62
41 years$835$519$311$181$103$55
42 years$806$494$292$167$94$49
43 years$778$471$274$154$85$44
44 years$752$449$257$143$77$39
45 years$727$428$241$132$70$35
46 years$703$408$227$122$64$31
47 years$680$390$213$112$58$27
48 years$659$372$200$104$53$24
49 years$638$355$188$96$48$22
50 years$618$339$177$89$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $633,000, adding $2,454 every year, while hoping to spend $20,740 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: 30/50/20 Blend
52$633,000$633,000$633,000$633,000
53$700,097$666,548$656,737$716,648
54$749,440$677,142$656,670$740,023
55$803,121$687,560$655,906$763,119
56$861,560$697,771$654,400$787,528
57$925,220$707,743$652,103$813,375
58$994,610$717,440$648,967$840,801
59$1,070,292$726,826$644,939$869,960
60$1,152,881$735,860$639,964$901,024
61$1,243,057$744,499$633,985$934,184
62$1,341,568$752,698$626,942$969,649
63$1,449,235$760,408$618,772$1,007,654
64$1,566,966$767,577$609,410$1,048,458
65$1,695,758$774,149$598,786$1,092,346
66$1,836,708$780,066$586,828$1,139,636
67$1,991,027$785,264$573,462$1,190,680
68$2,160,046$789,676$558,607$1,245,866
69$2,345,232$793,231$542,182$1,305,624
70$2,548,200$795,854$524,099$1,370,432
71$2,770,729$797,464$504,269$1,440,816
72$3,014,779$797,974$482,597$1,517,360
73$3,282,506$797,295$458,985$1,600,708
74$3,576,289$795,330$433,328$1,691,576
75$3,898,745$791,976$405,519$1,790,753
76$4,252,758$787,124$375,445$1,899,111
77$4,641,506$780,659$342,989$2,017,616
78$5,068,487$772,459$308,026$2,147,336
79$5,537,557$762,394$270,429$2,289,451
80$6,052,962$750,326$230,064$2,445,264
81$6,619,383$736,110$186,789$2,616,218
82$7,241,972$719,591$140,458$2,803,904
83$7,926,409$700,607$90,919$3,010,084
84$8,678,949$678,984$38,012$3,236,702
85$9,506,486$654,538$0$3,485,907
86$10,416,614$627,077$0$3,764,008
87$11,417,700$596,395$0$4,078,602
88$12,518,962$562,275$0$4,424,503
89$13,730,557$524,487$0$4,804,948
90$15,063,677$482,791$0$5,223,510
91$16,530,653$436,927$0$5,684,129
92$18,145,069$386,627$0$6,191,155
93$19,921,898$331,603$0$6,749,387
94$21,877,633$271,553$0$7,364,119
95$24,030,450$206,157$0$8,041,192
96$26,400,374$135,078$0$8,787,049
97$29,009,474$57,958$0$9,608,798
98$31,882,064$0$0$10,514,279
99$35,044,938$0$0$11,526,215
100$38,527,618$0$0$12,675,710