Can I retire at age 53 with 634,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $634,000?

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$52,355$51,889$51,434$50,990$50,556$50,259
2 years$25,918$25,436$24,968$24,514$24,074$23,774
3 years$17,107$16,622$16,156$15,707$15,274$14,980
4 years$12,703$12,219$11,757$11,316$10,893$10,609
5 years$10,060$9,580$9,124$8,692$8,281$8,006
6 years$8,300$7,823$7,374$6,951$6,552$6,288
7 years$7,042$6,570$6,128$5,715$5,329$5,074
8 years$6,100$5,631$5,197$4,794$4,421$4,177
9 years$5,367$4,903$4,476$4,083$3,723$3,489
10 years$4,781$4,322$3,902$3,520$3,172$2,948
11 years$4,302$3,848$3,435$3,063$2,728$2,514
12 years$3,904$3,453$3,049$2,687$2,364$2,160
13 years$3,566$3,121$2,724$2,372$2,062$1,867
14 years$3,278$2,837$2,447$2,106$1,807$1,622
15 years$3,027$2,591$2,210$1,878$1,591$1,415
16 years$2,809$2,378$2,003$1,681$1,406$1,239
17 years$2,616$2,190$1,823$1,511$1,247$1,088
18 years$2,445$2,023$1,664$1,362$1,109$958
19 years$2,292$1,875$1,524$1,230$988$845
20 years$2,155$1,743$1,398$1,114$883$748
21 years$2,031$1,623$1,286$1,011$790$662
22 years$1,918$1,515$1,185$919$708$588
23 years$1,815$1,417$1,094$837$636$522
24 years$1,721$1,328$1,012$764$571$464
25 years$1,635$1,246$937$697$514$413
26 years$1,555$1,171$869$638$463$368
27 years$1,481$1,102$807$584$417$328
28 years$1,413$1,038$751$535$377$293
29 years$1,350$980$698$490$340$262
30 years$1,291$925$651$450$307$234
31 years$1,235$875$607$413$278$209
32 years$1,184$828$566$380$251$187
33 years$1,135$784$528$349$227$167
34 years$1,090$743$494$321$206$150
35 years$1,047$705$462$296$187$134
36 years$1,007$669$432$273$169$120
37 years$969$635$404$251$153$108
38 years$933$604$378$231$139$96
39 years$899$574$355$213$126$86
40 years$867$546$332$197$114$77
41 years$836$520$312$182$104$69
42 years$807$495$292$168$94$62
43 years$780$472$274$155$85$56
44 years$753$450$257$143$77$50
45 years$728$429$242$132$70$45
46 years$704$409$227$122$64$40
47 years$682$390$213$113$58$36
48 years$660$373$200$104$53$32
49 years$639$356$188$96$48$29
50 years$619$340$177$89$43$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $634,000, adding $4,189 every year, while hoping to spend $45,966 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: 53/42/5 Blend
52$634,000$634,000$634,000$634,000
53$702,989$669,387$659,560$739,259
54$725,786$653,279$632,748$748,154
55$749,369$634,842$603,497$752,411
56$773,767$613,912$571,677$755,916
57$799,015$590,318$537,152$758,608
58$825,147$563,876$499,779$760,419
59$852,201$534,395$459,410$761,279
60$880,215$501,670$415,890$761,111
61$909,231$465,486$369,057$759,838
62$939,293$425,615$318,740$757,375
63$970,446$381,815$264,764$753,635
64$1,002,741$333,833$206,942$748,524
65$1,036,229$281,399$145,083$741,946
66$1,070,965$224,229$78,984$733,795
67$1,107,010$162,022$8,436$723,966
68$1,144,425$94,462$0$712,342
69$1,183,279$21,213$0$702,371
70$1,223,642$0$0$691,071
71$1,265,592$0$0$704,717
72$1,309,211$0$0$729,107
73$1,354,587$0$0$754,489
74$1,401,814$0$0$780,917
75$1,450,993$0$0$808,450
76$1,502,234$0$0$837,148
77$1,555,653$0$0$867,081
78$1,611,378$0$0$898,319
79$1,669,543$0$0$930,942
80$1,730,295$0$0$965,034
81$1,793,794$0$0$1,000,686
82$1,860,211$0$0$1,037,997
83$1,929,731$0$0$1,077,073
84$2,002,554$0$0$1,118,032
85$2,078,900$0$0$1,160,997
86$2,159,004$0$0$1,206,107
87$2,243,121$0$0$1,253,508
88$2,331,532$0$0$1,303,362
89$2,424,538$0$0$1,355,844
90$2,522,470$0$0$1,411,144
91$2,625,685$0$0$1,469,471
92$2,734,575$0$0$1,531,051
93$2,849,565$0$0$1,596,129
94$2,971,121$0$0$1,664,977
95$3,099,748$0$0$1,737,888
96$3,236,001$0$0$1,815,182
97$3,380,484$0$0$1,897,212
98$3,533,858$0$0$1,984,360
99$3,696,847$0$0$2,077,047
100$3,870,240$0$0$2,175,731