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%12.7%
1 years$52,273$51,807$51,353$50,909$50,476$49,908
2 years$25,877$25,396$24,928$24,476$24,036$23,464
3 years$17,080$16,596$16,130$15,682$15,250$14,691
4 years$12,683$12,200$11,739$11,298$10,876$10,336
5 years$10,045$9,565$9,110$8,678$8,268$7,747
6 years$8,287$7,811$7,362$6,940$6,542$6,042
7 years$7,031$6,559$6,118$5,706$5,320$4,841
8 years$6,090$5,622$5,188$4,786$4,414$3,955
9 years$5,359$4,895$4,469$4,077$3,717$3,279
10 years$4,774$4,315$3,896$3,514$3,167$2,749
11 years$4,296$3,841$3,430$3,058$2,724$2,326
12 years$3,897$3,448$3,044$2,683$2,360$1,982
13 years$3,561$3,116$2,720$2,368$2,058$1,699
14 years$3,272$2,832$2,444$2,102$1,804$1,463
15 years$3,023$2,587$2,206$1,875$1,589$1,265
16 years$2,804$2,374$2,000$1,679$1,404$1,098
17 years$2,612$2,186$1,820$1,508$1,245$956
18 years$2,441$2,020$1,662$1,359$1,107$834
19 years$2,289$1,872$1,521$1,228$987$729
20 years$2,151$1,740$1,396$1,112$881$639
21 years$2,027$1,621$1,284$1,010$789$560
22 years$1,915$1,513$1,183$918$707$492
23 years$1,812$1,415$1,093$836$635$433
24 years$1,718$1,326$1,011$763$570$381
25 years$1,632$1,244$936$696$513$336
26 years$1,552$1,169$868$637$462$296
27 years$1,479$1,100$806$583$417$262
28 years$1,411$1,037$749$534$376$231
29 years$1,348$978$697$490$340$204
30 years$1,289$924$650$449$307$180
31 years$1,233$873$606$413$277$160
32 years$1,182$826$565$379$251$141
33 years$1,134$782$528$349$227$125
34 years$1,088$742$493$321$206$111
35 years$1,046$703$461$295$186$98
36 years$1,005$668$431$272$169$87
37 years$967$634$403$251$153$77
38 years$932$603$378$231$139$68
39 years$898$573$354$213$126$60
40 years$865$545$332$197$114$54
41 years$835$519$311$181$103$47
42 years$806$494$292$167$94$42
43 years$778$471$274$154$85$37
44 years$752$449$257$143$77$33
45 years$727$428$241$132$70$29
46 years$703$408$227$122$64$26
47 years$680$390$213$112$58$23
48 years$659$372$200$104$53$20
49 years$638$355$188$96$48$18
50 years$618$339$177$89$43$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $633,000, adding $2,020 every year, while hoping to spend $32,080 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: 60/34/6 Blend
52$633,000$633,000$633,000$633,000
53$699,650$666,101$656,289$740,710
54$736,881$664,607$644,142$766,934
55$776,835$661,964$630,513$791,650
56$819,755$658,084$615,318$817,790
57$865,909$652,868$598,470$845,494
58$915,590$646,218$579,877$874,913
59$969,122$638,024$559,445$906,216
60$1,026,859$628,174$537,072$939,591
61$1,089,190$616,545$512,655$975,246
62$1,156,542$603,011$486,085$1,013,412
63$1,229,387$587,436$457,246$1,054,343
64$1,308,240$569,676$426,019$1,098,324
65$1,393,670$549,580$392,281$1,145,668
66$1,486,302$526,987$355,899$1,196,722
67$1,586,822$501,726$316,739$1,251,873
68$1,695,986$473,619$274,658$1,311,547
69$1,814,625$442,475$229,508$1,376,216
70$1,943,653$408,093$181,133$1,446,404
71$2,084,076$370,260$129,371$1,522,689
72$2,237,001$328,752$74,054$1,605,714
73$2,403,645$283,330$15,005$1,696,187
74$2,585,348$233,745$0$1,794,895
75$2,783,586$179,731$0$1,905,779
76$2,999,982$121,008$0$2,027,953
77$3,236,323$57,280$0$2,161,530
78$3,494,577$0$0$2,307,702
79$3,776,909$0$0$2,472,182
80$4,085,705$0$0$2,675,567
81$4,423,589$0$0$2,898,160
82$4,793,454$0$0$3,141,873
83$5,198,483$0$0$3,408,810
84$5,642,181$0$0$3,701,288
85$6,128,411$0$0$4,021,860
86$6,661,424$0$0$4,373,335
87$7,245,904$0$0$4,758,811
88$7,887,009$0$0$5,181,695
89$8,590,420$0$0$5,645,745
90$9,362,395$0$0$6,155,097
91$10,209,828$0$0$6,714,307
92$11,140,312$0$0$7,328,395
93$12,162,212$0$0$8,002,891
94$13,284,741$0$0$8,743,887
95$14,518,051$0$0$9,558,092
96$15,873,323$0$0$10,452,899
97$17,362,879$0$0$11,436,453
98$19,000,288$0$0$12,517,726
99$20,800,505$0$0$13,706,603
100$22,780,003$0$0$15,013,977