Can I retire at age 53 with 634,000?

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 $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%14.4%
1 years$52,355$51,889$51,434$50,990$50,556$49,637
2 years$25,918$25,436$24,968$24,514$24,074$23,152
3 years$17,107$16,622$16,156$15,707$15,274$14,376
4 years$12,703$12,219$11,757$11,316$10,893$10,028
5 years$10,060$9,580$9,124$8,692$8,281$7,450
6 years$8,300$7,823$7,374$6,951$6,552$5,757
7 years$7,042$6,570$6,128$5,715$5,329$4,569
8 years$6,100$5,631$5,197$4,794$4,421$3,696
9 years$5,367$4,903$4,476$4,083$3,723$3,034
10 years$4,781$4,322$3,902$3,520$3,172$2,517
11 years$4,302$3,848$3,435$3,063$2,728$2,107
12 years$3,904$3,453$3,049$2,687$2,364$1,776
13 years$3,566$3,121$2,724$2,372$2,062$1,505
14 years$3,278$2,837$2,447$2,106$1,807$1,282
15 years$3,027$2,591$2,210$1,878$1,591$1,096
16 years$2,809$2,378$2,003$1,681$1,406$940
17 years$2,616$2,190$1,823$1,511$1,247$808
18 years$2,445$2,023$1,664$1,362$1,109$696
19 years$2,292$1,875$1,524$1,230$988$601
20 years$2,155$1,743$1,398$1,114$883$520
21 years$2,031$1,623$1,286$1,011$790$451
22 years$1,918$1,515$1,185$919$708$391
23 years$1,815$1,417$1,094$837$636$339
24 years$1,721$1,328$1,012$764$571$295
25 years$1,635$1,246$937$697$514$256
26 years$1,555$1,171$869$638$463$223
27 years$1,481$1,102$807$584$417$194
28 years$1,413$1,038$751$535$377$169
29 years$1,350$980$698$490$340$147
30 years$1,291$925$651$450$307$129
31 years$1,235$875$607$413$278$112
32 years$1,184$828$566$380$251$98
33 years$1,135$784$528$349$227$85
34 years$1,090$743$494$321$206$75
35 years$1,047$705$462$296$187$65
36 years$1,007$669$432$273$169$57
37 years$969$635$404$251$153$50
38 years$933$604$378$231$139$43
39 years$899$574$355$213$126$38
40 years$867$546$332$197$114$33
41 years$836$520$312$182$104$29
42 years$807$495$292$168$94$25
43 years$780$472$274$155$85$22
44 years$753$450$257$143$77$19
45 years$728$429$242$132$70$17
46 years$704$409$227$122$64$15
47 years$682$390$213$113$58$13
48 years$660$373$200$104$53$11
49 years$639$356$188$96$48$10
50 years$619$340$177$89$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $634,000, adding $6,492 every year, while hoping to spend $27,170 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: 42/33/25 Blend
52$634,000$634,000$634,000$634,000
53$705,364$671,762$661,935$729,591
54$748,403$675,770$655,202$751,558
55$794,921$679,064$647,332$772,256
56$845,244$681,579$638,259$794,138
57$899,732$683,249$627,913$817,327
58$958,777$684,001$616,221$841,963
59$1,022,815$683,760$603,107$868,199
60$1,092,321$682,443$588,489$896,208
61$1,167,819$679,964$572,286$926,181
62$1,249,887$676,233$554,408$958,331
63$1,339,159$671,152$534,764$992,894
64$1,436,333$664,618$513,258$1,030,133
65$1,542,177$656,522$489,790$1,070,339
66$1,657,536$646,749$464,255$1,113,838
67$1,783,341$635,175$436,544$1,160,988
68$1,920,615$621,672$406,541$1,212,189
69$2,070,485$606,101$374,127$1,267,884
70$2,234,191$588,317$339,178$1,328,566
71$2,413,100$568,167$301,562$1,394,778
72$2,608,715$545,485$261,143$1,467,126
73$2,822,692$520,102$217,779$1,546,278
74$3,056,852$491,832$171,320$1,632,978
75$3,313,203$460,485$121,612$1,728,047
76$3,593,956$425,854$68,492$1,832,395
77$3,901,544$387,725$11,790$1,947,031
78$4,238,647$345,870$0$2,073,071
79$4,608,218$300,047$0$2,224,746
80$5,013,508$250,001$0$2,394,629
81$5,458,098$195,463$0$2,581,134
82$5,945,933$136,149$0$2,785,989
83$6,481,356$71,758$0$3,011,099
84$7,069,154$1,974$0$3,258,571
85$7,714,599$0$0$3,530,728
86$8,423,497$0$0$3,856,838
87$9,202,246$0$0$4,215,955
88$10,057,894$0$0$4,610,621
89$10,998,204$0$0$5,044,430
90$12,031,729$0$0$5,521,338
91$13,167,892$0$0$6,045,706
92$14,417,075$0$0$6,622,337
93$15,790,716$0$0$7,256,523
94$17,301,415$0$0$7,954,096
95$18,963,058$0$0$8,721,479
96$20,790,940$0$0$9,565,752
97$22,801,916$0$0$10,494,713
98$25,014,557$0$0$11,516,955
99$27,449,322$0$0$12,641,947
100$30,128,756$0$0$13,880,122