Can I retire at age 53 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$52,603$52,134$51,677$51,231$50,795$50,539
2 years$26,041$25,556$25,086$24,630$24,188$23,929
3 years$17,188$16,701$16,232$15,781$15,346$15,093
4 years$12,763$12,277$11,813$11,369$10,945$10,699
5 years$10,108$9,625$9,167$8,733$8,320$8,083
6 years$8,339$7,860$7,409$6,984$6,583$6,355
7 years$7,076$6,601$6,157$5,742$5,354$5,134
8 years$6,129$5,658$5,221$4,816$4,442$4,231
9 years$5,393$4,926$4,497$4,103$3,741$3,538
10 years$4,804$4,342$3,921$3,536$3,187$2,993
11 years$4,323$3,866$3,452$3,078$2,741$2,556
12 years$3,922$3,470$3,063$2,700$2,375$2,198
13 years$3,583$3,136$2,737$2,383$2,071$1,902
14 years$3,293$2,850$2,459$2,116$1,816$1,655
15 years$3,042$2,604$2,220$1,887$1,599$1,446
16 years$2,822$2,389$2,013$1,689$1,413$1,267
17 years$2,629$2,200$1,832$1,518$1,253$1,115
18 years$2,457$2,033$1,672$1,368$1,114$983
19 years$2,303$1,884$1,531$1,236$993$869
20 years$2,165$1,751$1,405$1,120$887$769
21 years$2,040$1,631$1,292$1,016$794$682
22 years$1,927$1,522$1,191$924$711$606
23 years$1,824$1,424$1,100$841$639$539
24 years$1,729$1,334$1,017$767$574$481
25 years$1,642$1,252$942$701$516$428
26 years$1,562$1,177$874$641$465$382
27 years$1,488$1,107$811$586$419$342
28 years$1,420$1,043$754$537$378$305
29 years$1,356$984$702$493$342$273
30 years$1,297$930$654$452$309$244
31 years$1,241$879$609$415$279$219
32 years$1,189$831$569$382$253$196
33 years$1,141$787$531$351$229$176
34 years$1,095$746$496$323$207$157
35 years$1,052$708$464$297$187$141
36 years$1,012$672$434$274$170$127
37 years$974$638$406$252$154$114
38 years$937$606$380$233$140$102
39 years$903$577$356$214$127$92
40 years$871$549$334$198$115$82
41 years$840$522$313$182$104$74
42 years$811$497$294$168$94$66
43 years$783$474$276$155$86$60
44 years$757$452$259$144$78$53
45 years$732$431$243$133$71$48
46 years$708$411$228$122$64$43
47 years$685$392$214$113$58$39
48 years$663$374$201$105$53$35
49 years$642$357$189$97$48$31
50 years$622$341$178$89$44$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $637,000, adding $5,337 every year, while hoping to spend $30,634 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: 61/33/6 Blend
52$637,000$637,000$637,000$637,000
53$707,479$673,718$663,845$749,525
54$747,048$674,136$653,489$778,689
55$789,625$673,548$641,760$806,463
56$835,487$671,871$628,579$835,979
57$884,934$669,020$613,864$867,407
58$938,298$664,903$597,529$900,932
59$995,943$659,422$579,484$936,759
60$1,058,268$652,473$559,636$975,115
61$1,125,714$643,946$537,887$1,016,253
62$1,198,764$633,727$514,133$1,060,450
63$1,277,949$621,690$488,267$1,108,015
64$1,363,854$607,707$460,178$1,159,289
65$1,457,121$591,638$429,748$1,214,648
66$1,558,457$573,338$396,854$1,274,509
67$1,668,639$552,652$361,369$1,339,335
68$1,788,524$529,415$323,158$1,409,634
69$1,919,052$503,455$282,082$1,485,971
70$2,061,258$474,588$237,995$1,568,970
71$2,216,284$442,620$190,745$1,659,320
72$2,385,382$407,346$140,173$1,757,785
73$2,569,935$368,549$86,112$1,865,206
74$2,771,461$326,000$28,389$1,982,516
75$2,991,633$279,457$0$2,110,744
76$3,232,293$228,665$0$2,253,155
77$3,495,470$173,352$0$2,410,957
78$3,783,395$113,234$0$2,583,734
79$4,098,528$48,008$0$2,773,033
80$4,443,574$0$0$2,980,564
81$4,821,516$0$0$3,216,437
82$5,235,636$0$0$3,494,039
83$5,689,549$0$0$3,798,366
84$6,187,238$0$0$4,132,095
85$6,733,087$0$0$4,498,173
86$7,331,928$0$0$4,899,846
87$7,989,080$0$0$5,340,689
88$8,710,405$0$0$5,824,641
89$9,502,358$0$0$6,356,042
90$10,372,050$0$0$6,939,670
91$11,327,315$0$0$7,580,790
92$12,376,783$0$0$8,285,203
93$13,529,959$0$0$9,059,298
94$14,797,318$0$0$9,910,114
95$16,190,398$0$0$10,845,406
96$17,721,910$0$0$11,873,719
97$19,405,859$0$0$13,004,465
98$21,257,675$0$0$14,248,016
99$23,294,358$0$0$15,615,797
100$25,534,636$0$0$17,120,398