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%19.1%
1 years$52,438$51,971$51,515$51,070$50,636$48,781
2 years$25,959$25,476$25,007$24,553$24,112$22,264
3 years$17,134$16,649$16,181$15,731$15,298$13,515
4 years$12,723$12,239$11,776$11,334$10,911$9,206
5 years$10,076$9,595$9,139$8,705$8,294$6,672
6 years$8,313$7,835$7,385$6,962$6,563$5,025
7 years$7,053$6,580$6,137$5,724$5,337$3,883
8 years$6,110$5,640$5,205$4,801$4,428$3,056
9 years$5,376$4,911$4,483$4,090$3,729$2,438
10 years$4,789$4,329$3,908$3,525$3,177$1,965
11 years$4,309$3,854$3,441$3,068$2,732$1,596
12 years$3,910$3,459$3,054$2,691$2,368$1,304
13 years$3,572$3,126$2,728$2,376$2,065$1,071
14 years$3,283$2,841$2,451$2,109$1,810$883
15 years$3,032$2,595$2,213$1,881$1,594$730
16 years$2,813$2,381$2,007$1,684$1,409$605
17 years$2,620$2,193$1,826$1,513$1,249$503
18 years$2,449$2,027$1,667$1,364$1,110$419
19 years$2,296$1,878$1,526$1,232$990$349
20 years$2,158$1,745$1,400$1,116$884$291
21 years$2,034$1,626$1,288$1,013$791$243
22 years$1,921$1,517$1,187$921$709$204
23 years$1,818$1,419$1,096$839$637$170
24 years$1,724$1,330$1,014$765$572$143
25 years$1,637$1,248$939$699$515$119
26 years$1,557$1,173$871$639$464$100
27 years$1,484$1,104$809$585$418$84
28 years$1,415$1,040$752$536$377$70
29 years$1,352$981$700$491$341$59
30 years$1,293$927$652$451$308$49
31 years$1,237$876$607$414$278$41
32 years$1,186$829$567$381$252$35
33 years$1,137$785$529$350$228$29
34 years$1,092$744$494$322$206$25
35 years$1,049$706$462$296$187$21
36 years$1,009$670$432$273$169$17
37 years$970$636$405$251$153$14
38 years$934$605$379$232$139$12
39 years$900$575$355$214$126$10
40 years$868$547$333$197$114$9
41 years$838$521$312$182$104$7
42 years$808$496$293$168$94$6
43 years$781$472$275$155$85$5
44 years$754$450$258$143$78$4
45 years$729$429$242$132$70$4
46 years$705$410$227$122$64$3
47 years$683$391$214$113$58$3
48 years$661$373$201$104$53$2
49 years$640$356$189$96$48$2
50 years$620$340$177$89$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $635,000, adding $2,091 every year, while hoping to spend $28,481 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: 64/18/18 Blend
52$635,000$635,000$635,000$635,000
53$701,927$668,272$658,429$743,553
54$743,220$670,714$650,183$774,204
55$787,770$672,320$640,706$804,241
56$835,880$673,021$629,927$836,378
57$887,881$672,741$617,771$870,821
58$944,139$671,399$604,161$907,797
59$1,005,055$668,911$589,013$947,558
60$1,071,069$665,186$572,244$990,383
61$1,142,667$660,129$553,763$1,036,579
62$1,220,382$653,639$533,477$1,086,485
63$1,304,800$645,606$511,288$1,140,478
64$1,396,567$635,919$487,093$1,198,970
65$1,496,393$624,455$460,787$1,262,421
66$1,605,058$611,086$432,256$1,331,336
67$1,723,422$595,678$401,385$1,406,275
68$1,852,431$578,086$368,051$1,487,854
69$1,993,125$558,158$332,127$1,576,755
70$2,146,650$535,734$293,480$1,673,731
71$2,314,267$510,643$251,970$1,779,614
72$2,497,363$482,705$207,451$1,895,320
73$2,697,467$451,731$159,774$2,021,865
74$2,916,260$417,518$108,778$2,160,367
75$3,155,596$379,853$54,299$2,312,061
76$3,417,513$338,512$0$2,478,312
77$3,704,257$293,257$0$2,661,362
78$4,018,301$243,836$0$2,873,313
79$4,362,368$189,984$0$3,105,595
80$4,739,457$131,421$0$3,360,271
81$5,152,871$67,850$0$3,639,614
82$5,606,248$0$0$3,946,130
83$6,103,594$0$0$4,282,789
84$6,649,324$0$0$4,666,990
85$7,248,298$0$0$5,088,721
86$7,905,870$0$0$5,551,757
87$8,627,939$0$0$6,060,260
88$9,421,003$0$0$6,618,809
89$10,292,220$0$0$7,232,453
90$11,249,475$0$0$7,906,752
91$12,301,454$0$0$8,647,833
92$13,457,727$0$0$9,462,443
93$14,728,839$0$0$10,358,019
94$16,126,404$0$0$11,342,750
95$17,663,220$0$0$12,425,664
96$19,353,388$0$0$13,616,702
97$21,212,440$0$0$14,926,819
98$23,257,494$0$0$16,368,087
99$25,507,407$0$0$17,953,805
100$27,982,957$0$0$19,698,625