Can I retire at age 53 with 635,000?

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 $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%11.8%
1 years$52,438$51,971$51,515$51,070$50,636$50,254
2 years$25,959$25,476$25,007$24,553$24,112$23,727
3 years$17,134$16,649$16,181$15,731$15,298$14,921
4 years$12,723$12,239$11,776$11,334$10,911$10,546
5 years$10,076$9,595$9,139$8,705$8,294$7,942
6 years$8,313$7,835$7,385$6,962$6,563$6,224
7 years$7,053$6,580$6,137$5,724$5,337$5,012
8 years$6,110$5,640$5,205$4,801$4,428$4,116
9 years$5,376$4,911$4,483$4,090$3,729$3,430
10 years$4,789$4,329$3,908$3,525$3,177$2,891
11 years$4,309$3,854$3,441$3,068$2,732$2,460
12 years$3,910$3,459$3,054$2,691$2,368$2,108
13 years$3,572$3,126$2,728$2,376$2,065$1,817
14 years$3,283$2,841$2,451$2,109$1,810$1,574
15 years$3,032$2,595$2,213$1,881$1,594$1,370
16 years$2,813$2,381$2,007$1,684$1,409$1,196
17 years$2,620$2,193$1,826$1,513$1,249$1,048
18 years$2,449$2,027$1,667$1,364$1,110$920
19 years$2,296$1,878$1,526$1,232$990$810
20 years$2,158$1,745$1,400$1,116$884$714
21 years$2,034$1,626$1,288$1,013$791$630
22 years$1,921$1,517$1,187$921$709$558
23 years$1,818$1,419$1,096$839$637$494
24 years$1,724$1,330$1,014$765$572$438
25 years$1,637$1,248$939$699$515$389
26 years$1,557$1,173$871$639$464$345
27 years$1,484$1,104$809$585$418$307
28 years$1,415$1,040$752$536$377$273
29 years$1,352$981$700$491$341$243
30 years$1,293$927$652$451$308$216
31 years$1,237$876$607$414$278$193
32 years$1,186$829$567$381$252$172
33 years$1,137$785$529$350$228$153
34 years$1,092$744$494$322$206$137
35 years$1,049$706$462$296$187$122
36 years$1,009$670$432$273$169$109
37 years$970$636$405$251$153$97
38 years$934$605$379$232$139$87
39 years$900$575$355$214$126$78
40 years$868$547$333$197$114$69
41 years$838$521$312$182$104$62
42 years$808$496$293$168$94$55
43 years$781$472$275$155$85$49
44 years$754$450$258$143$78$44
45 years$729$429$242$132$70$39
46 years$705$410$227$122$64$35
47 years$683$391$214$113$58$32
48 years$661$373$201$104$53$28
49 years$640$356$189$96$48$25
50 years$620$340$177$89$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $635,000, adding $4,817 every year, while hoping to spend $37,192 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: 72/9/19 Blend
52$635,000$635,000$635,000$635,000
53$704,739$671,084$661,241$751,951
54$737,050$664,395$643,821$777,287
55$771,411$656,132$624,570$800,095
56$807,990$646,178$603,389$824,128
57$846,975$634,410$580,172$849,501
58$888,567$620,697$554,809$876,343
59$932,992$604,902$527,185$904,794
60$980,491$586,877$497,181$935,011
61$1,031,334$566,467$464,669$967,168
62$1,085,815$543,508$429,520$1,001,455
63$1,144,255$517,827$391,596$1,038,087
64$1,207,008$489,239$350,753$1,077,297
65$1,274,462$457,551$306,843$1,119,347
66$1,347,043$422,557$259,708$1,164,524
67$1,425,219$384,039$209,185$1,213,147
68$1,509,503$341,769$155,105$1,265,568
69$1,600,459$295,503$97,289$1,322,178
70$1,698,709$244,986$35,550$1,383,407
71$1,804,932$189,945$0$1,449,734
72$1,919,879$130,096$0$1,527,835
73$2,044,371$65,135$0$1,620,235
74$2,179,315$0$0$1,720,407
75$2,325,705$0$0$1,829,630
76$2,484,636$0$0$1,955,238
77$2,657,312$0$0$2,091,737
78$2,845,057$0$0$2,240,176
79$3,049,328$0$0$2,401,710
80$3,271,728$0$0$2,577,612
81$3,514,021$0$0$2,769,280
82$3,778,148$0$0$2,978,254
83$4,066,245$0$0$3,206,229
84$4,380,664$0$0$3,455,069
85$4,723,994$0$0$3,726,827
86$5,099,082$0$0$4,023,764
87$5,509,067$0$0$4,348,367
88$5,957,401$0$0$4,703,377
89$6,447,888$0$0$5,091,810
90$6,984,713$0$0$5,516,986
91$7,572,487$0$0$5,982,563
92$8,216,287$0$0$6,492,569
93$8,921,705$0$0$7,051,438
94$9,694,896$0$0$7,664,056
95$10,542,643$0$0$8,335,802
96$11,472,415$0$0$9,072,602
97$12,492,437$0$0$9,880,982
98$13,611,772$0$0$10,768,129
99$14,840,400$0$0$11,741,964
100$16,189,315$0$0$12,811,207