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%16.7%
1 years$52,438$51,971$51,515$51,070$50,636$49,252
2 years$25,959$25,476$25,007$24,553$24,112$22,728
3 years$17,134$16,649$16,181$15,731$15,298$13,957
4 years$12,723$12,239$11,776$11,334$10,911$9,623
5 years$10,076$9,595$9,139$8,705$8,294$7,063
6 years$8,313$7,835$7,385$6,962$6,563$5,390
7 years$7,053$6,580$6,137$5,724$5,337$4,223
8 years$6,110$5,640$5,205$4,801$4,428$3,371
9 years$5,376$4,911$4,483$4,090$3,729$2,728
10 years$4,789$4,329$3,908$3,525$3,177$2,232
11 years$4,309$3,854$3,441$3,068$2,732$1,841
12 years$3,910$3,459$3,054$2,691$2,368$1,529
13 years$3,572$3,126$2,728$2,376$2,065$1,276
14 years$3,283$2,841$2,451$2,109$1,810$1,070
15 years$3,032$2,595$2,213$1,881$1,594$900
16 years$2,813$2,381$2,007$1,684$1,409$759
17 years$2,620$2,193$1,826$1,513$1,249$642
18 years$2,449$2,027$1,667$1,364$1,110$544
19 years$2,296$1,878$1,526$1,232$990$462
20 years$2,158$1,745$1,400$1,116$884$393
21 years$2,034$1,626$1,288$1,013$791$334
22 years$1,921$1,517$1,187$921$709$285
23 years$1,818$1,419$1,096$839$637$243
24 years$1,724$1,330$1,014$765$572$207
25 years$1,637$1,248$939$699$515$177
26 years$1,557$1,173$871$639$464$151
27 years$1,484$1,104$809$585$418$129
28 years$1,415$1,040$752$536$377$110
29 years$1,352$981$700$491$341$94
30 years$1,293$927$652$451$308$81
31 years$1,237$876$607$414$278$69
32 years$1,186$829$567$381$252$59
33 years$1,137$785$529$350$228$51
34 years$1,092$744$494$322$206$43
35 years$1,049$706$462$296$187$37
36 years$1,009$670$432$273$169$32
37 years$970$636$405$251$153$27
38 years$934$605$379$232$139$23
39 years$900$575$355$214$126$20
40 years$868$547$333$197$114$17
41 years$838$521$312$182$104$15
42 years$808$496$293$168$94$13
43 years$781$472$275$155$85$11
44 years$754$450$258$143$78$9
45 years$729$429$242$132$70$8
46 years$705$410$227$122$64$7
47 years$683$391$214$113$58$6
48 years$661$373$201$104$53$5
49 years$640$356$189$96$48$4
50 years$620$340$177$89$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $635,000, adding $5,633 every year, while hoping to spend $37,204 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: 45/40/15 Blend
52$635,000$635,000$635,000$635,000
53$705,580$671,925$662,083$734,067
54$737,965$665,265$644,678$747,835
55$772,406$657,031$625,443$758,565
56$809,073$647,108$604,277$769,394
57$848,154$635,372$581,076$780,347
58$889,853$621,692$555,729$791,452
59$934,393$605,930$528,121$802,746
60$982,020$587,940$498,133$814,269
61$1,033,003$567,566$465,637$826,071
62$1,087,638$544,645$430,504$838,209
63$1,146,247$519,002$392,596$850,750
64$1,209,185$490,455$351,769$863,770
65$1,276,844$458,808$307,875$877,358
66$1,349,649$423,857$260,756$891,616
67$1,428,071$385,385$210,250$906,660
68$1,512,627$343,161$156,185$922,624
69$1,603,882$296,943$98,385$939,660
70$1,702,459$246,475$36,662$957,939
71$1,809,044$191,485$0$977,659
72$1,924,387$131,689$0$1,003,715
73$2,049,317$66,784$0$1,038,249
74$2,184,741$0$0$1,075,704
75$2,331,660$0$0$1,117,997
76$2,491,173$0$0$1,195,894
77$2,664,490$0$0$1,280,598
78$2,852,940$0$0$1,372,768
79$3,057,988$0$0$1,473,127
80$3,281,242$0$0$1,582,475
81$3,524,476$0$0$1,701,686
82$3,789,639$0$0$1,831,728
83$4,078,877$0$0$1,973,664
84$4,394,552$0$0$2,128,662
85$4,739,265$0$0$2,298,011
86$5,115,877$0$0$2,483,129
87$5,527,539$0$0$2,685,576
88$5,977,721$0$0$2,907,072
89$6,470,242$0$0$3,149,509
90$7,009,308$0$0$3,414,971
91$7,599,551$0$0$3,705,753
92$8,246,070$0$0$4,024,381
93$8,954,482$0$0$4,373,640
94$9,730,973$0$0$4,756,595
95$10,582,354$0$0$5,176,622
96$11,516,129$0$0$5,637,439
97$12,540,562$0$0$6,143,143
98$13,664,756$0$0$6,698,245
99$14,898,737$0$0$7,307,716
100$16,253,549$0$0$7,977,029