Can I retire at age 53 with 635,000?

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 $635,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$52,438$51,971$51,515$51,070$50,636$49,192
2 years$25,959$25,476$25,007$24,553$24,112$22,669
3 years$17,134$16,649$16,181$15,731$15,298$13,900
4 years$12,723$12,239$11,776$11,334$10,911$9,570
5 years$10,076$9,595$9,139$8,705$8,294$7,013
6 years$8,313$7,835$7,385$6,962$6,563$5,343
7 years$7,053$6,580$6,137$5,724$5,337$4,179
8 years$6,110$5,640$5,205$4,801$4,428$3,330
9 years$5,376$4,911$4,483$4,090$3,729$2,690
10 years$4,789$4,329$3,908$3,525$3,177$2,197
11 years$4,309$3,854$3,441$3,068$2,732$1,809
12 years$3,910$3,459$3,054$2,691$2,368$1,499
13 years$3,572$3,126$2,728$2,376$2,065$1,248
14 years$3,283$2,841$2,451$2,109$1,810$1,044
15 years$3,032$2,595$2,213$1,881$1,594$877
16 years$2,813$2,381$2,007$1,684$1,409$738
17 years$2,620$2,193$1,826$1,513$1,249$623
18 years$2,449$2,027$1,667$1,364$1,110$527
19 years$2,296$1,878$1,526$1,232$990$446
20 years$2,158$1,745$1,400$1,116$884$378
21 years$2,034$1,626$1,288$1,013$791$321
22 years$1,921$1,517$1,187$921$709$273
23 years$1,818$1,419$1,096$839$637$232
24 years$1,724$1,330$1,014$765$572$198
25 years$1,637$1,248$939$699$515$168
26 years$1,557$1,173$871$639$464$144
27 years$1,484$1,104$809$585$418$122
28 years$1,415$1,040$752$536$377$104
29 years$1,352$981$700$491$341$89
30 years$1,293$927$652$451$308$76
31 years$1,237$876$607$414$278$65
32 years$1,186$829$567$381$252$55
33 years$1,137$785$529$350$228$47
34 years$1,092$744$494$322$206$40
35 years$1,049$706$462$296$187$34
36 years$1,009$670$432$273$169$29
37 years$970$636$405$251$153$25
38 years$934$605$379$232$139$21
39 years$900$575$355$214$126$18
40 years$868$547$333$197$114$16
41 years$838$521$312$182$104$13
42 years$808$496$293$168$94$11
43 years$781$472$275$155$85$10
44 years$754$450$258$143$78$8
45 years$729$429$242$132$70$7
46 years$705$410$227$122$64$6
47 years$683$391$214$113$58$5
48 years$661$373$201$104$53$4
49 years$640$356$189$96$48$4
50 years$620$340$177$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $635,000, adding $3,616 every year, while hoping to spend $39,144 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: 56/38/6 Blend
52$635,000$635,000$635,000$635,000
53$703,500$669,845$660,002$741,794
54$733,608$661,018$640,464$759,173
55$765,475$650,447$618,958$773,393
56$799,239$638,005$595,379$787,913
57$835,052$623,557$569,614$802,765
58$873,077$606,962$541,547$817,988
59$913,496$588,068$511,053$833,624
60$956,506$566,716$478,007$849,725
61$1,002,322$542,738$442,272$866,348
62$1,051,181$515,955$403,711$883,559
63$1,103,343$486,178$362,177$901,434
64$1,159,091$453,207$317,516$920,060
65$1,218,736$416,832$269,571$939,535
66$1,282,619$376,829$218,174$959,969
67$1,351,116$332,963$163,152$981,490
68$1,424,635$284,984$104,323$1,004,239
69$1,503,628$232,629$41,498$1,028,379
70$1,588,590$175,619$0$1,054,092
71$1,680,062$113,660$0$1,083,218
72$1,778,642$46,443$0$1,117,295
73$1,884,984$0$0$1,153,936
74$1,999,809$0$0$1,204,470
75$2,123,906$0$0$1,280,119
76$2,258,144$0$0$1,361,997
77$2,403,479$0$0$1,450,692
78$2,560,961$0$0$1,546,852
79$2,731,745$0$0$1,651,189
80$2,917,100$0$0$1,764,484
81$3,118,422$0$0$1,887,599
82$3,337,249$0$0$2,021,481
83$3,575,269$0$0$2,167,171
84$3,834,342$0$0$2,325,816
85$4,116,514$0$0$2,498,676
86$4,424,037$0$0$2,687,141
87$4,759,387$0$0$2,892,737
88$5,125,293$0$0$3,117,147
89$5,524,754$0$0$3,362,220
90$5,961,077$0$0$3,629,996
91$6,437,897$0$0$3,922,718
92$6,959,220$0$0$4,242,854
93$7,529,455$0$0$4,593,125
94$8,153,456$0$0$4,976,524
95$8,836,568$0$0$5,396,350
96$9,584,680$0$0$5,856,233
97$10,404,272$0$0$6,360,172
98$11,302,485$0$0$6,912,571
99$12,287,179$0$0$7,518,280
100$13,367,016$0$0$8,182,640