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%13.7%
1 years$52,273$51,807$51,353$50,909$50,476$49,701
2 years$25,877$25,396$24,928$24,476$24,036$23,258
3 years$17,080$16,596$16,130$15,682$15,250$14,491
4 years$12,683$12,200$11,739$11,298$10,876$10,144
5 years$10,045$9,565$9,110$8,678$8,268$7,564
6 years$8,287$7,811$7,362$6,940$6,542$5,867
7 years$7,031$6,559$6,118$5,706$5,320$4,675
8 years$6,090$5,622$5,188$4,786$4,414$3,797
9 years$5,359$4,895$4,469$4,077$3,717$3,130
10 years$4,774$4,315$3,896$3,514$3,167$2,608
11 years$4,296$3,841$3,430$3,058$2,724$2,193
12 years$3,897$3,448$3,044$2,683$2,360$1,856
13 years$3,561$3,116$2,720$2,368$2,058$1,581
14 years$3,272$2,832$2,444$2,102$1,804$1,352
15 years$3,023$2,587$2,206$1,875$1,589$1,162
16 years$2,804$2,374$2,000$1,679$1,404$1,001
17 years$2,612$2,186$1,820$1,508$1,245$865
18 years$2,441$2,020$1,662$1,359$1,107$749
19 years$2,289$1,872$1,521$1,228$987$651
20 years$2,151$1,740$1,396$1,112$881$566
21 years$2,027$1,621$1,284$1,010$789$493
22 years$1,915$1,513$1,183$918$707$429
23 years$1,812$1,415$1,093$836$635$375
24 years$1,718$1,326$1,011$763$570$328
25 years$1,632$1,244$936$696$513$286
26 years$1,552$1,169$868$637$462$251
27 years$1,479$1,100$806$583$417$219
28 years$1,411$1,037$749$534$376$192
29 years$1,348$978$697$490$340$169
30 years$1,289$924$650$449$307$148
31 years$1,233$873$606$413$277$130
32 years$1,182$826$565$379$251$114
33 years$1,134$782$528$349$227$100
34 years$1,088$742$493$321$206$88
35 years$1,046$703$461$295$186$77
36 years$1,005$668$431$272$169$68
37 years$967$634$403$251$153$59
38 years$932$603$378$231$139$52
39 years$898$573$354$213$126$46
40 years$865$545$332$197$114$40
41 years$835$519$311$181$103$35
42 years$806$494$292$167$94$31
43 years$778$471$274$154$85$27
44 years$752$449$257$143$77$24
45 years$727$428$241$132$70$21
46 years$703$408$227$122$64$19
47 years$680$390$213$112$58$16
48 years$659$372$200$104$53$14
49 years$638$355$188$96$48$13
50 years$618$339$177$89$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $633,000, adding $4,404 every year, while hoping to spend $54,747 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: 74/14/12 Blend
52$633,000$633,000$633,000$633,000
53$702,109$668,560$658,748$752,046
54$715,473$643,069$622,566$760,136
55$728,366$614,494$583,337$761,747
56$740,682$582,626$540,900$762,011
57$752,301$547,245$495,090$760,777
58$763,092$508,115$445,732$757,883
59$772,906$464,992$392,642$753,148
60$781,578$417,612$335,632$746,376
61$788,925$365,701$274,502$737,353
62$794,742$308,967$209,043$725,843
63$798,800$247,101$139,041$711,588
64$800,846$179,777$64,268$694,306
65$800,599$106,653$0$673,687
66$797,746$27,365$0$651,382
67$791,940$0$0$633,941
68$782,795$0$0$621,761
69$769,885$0$0$610,711
70$752,737$0$0$596,188
71$730,825$0$0$577,763
72$703,570$0$0$554,963
73$670,328$0$0$527,264
74$630,388$0$0$494,083
75$582,962$0$0$454,778
76$527,179$0$0$408,639
77$462,076$0$0$354,879
78$386,589$0$0$292,629
79$299,538$0$0$220,929
80$199,625$0$0$138,716
81$85,410$0$0$44,818
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0