Can I retire at age 53 with 637,000?

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 $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%17.4%
1 years$52,603$52,134$51,677$51,231$50,795$49,268
2 years$26,041$25,556$25,086$24,630$24,188$22,662
3 years$17,188$16,701$16,232$15,781$15,346$13,869
4 years$12,763$12,277$11,813$11,369$10,945$9,529
5 years$10,108$9,625$9,167$8,733$8,320$6,969
6 years$8,339$7,860$7,409$6,984$6,583$5,298
7 years$7,076$6,601$6,157$5,742$5,354$4,134
8 years$6,129$5,658$5,221$4,816$4,442$3,286
9 years$5,393$4,926$4,497$4,103$3,741$2,649
10 years$4,804$4,342$3,921$3,536$3,187$2,157
11 years$4,323$3,866$3,452$3,078$2,741$1,772
12 years$3,922$3,470$3,063$2,700$2,375$1,464
13 years$3,583$3,136$2,737$2,383$2,071$1,216
14 years$3,293$2,850$2,459$2,116$1,816$1,015
15 years$3,042$2,604$2,220$1,887$1,599$849
16 years$2,822$2,389$2,013$1,689$1,413$713
17 years$2,629$2,200$1,832$1,518$1,253$600
18 years$2,457$2,033$1,672$1,368$1,114$506
19 years$2,303$1,884$1,531$1,236$993$427
20 years$2,165$1,751$1,405$1,120$887$361
21 years$2,040$1,631$1,292$1,016$794$306
22 years$1,927$1,522$1,191$924$711$259
23 years$1,824$1,424$1,100$841$639$220
24 years$1,729$1,334$1,017$767$574$186
25 years$1,642$1,252$942$701$516$158
26 years$1,562$1,177$874$641$465$134
27 years$1,488$1,107$811$586$419$114
28 years$1,420$1,043$754$537$378$97
29 years$1,356$984$702$493$342$83
30 years$1,297$930$654$452$309$70
31 years$1,241$879$609$415$279$60
32 years$1,189$831$569$382$253$51
33 years$1,141$787$531$351$229$43
34 years$1,095$746$496$323$207$37
35 years$1,052$708$464$297$187$31
36 years$1,012$672$434$274$170$27
37 years$974$638$406$252$154$23
38 years$937$606$380$233$140$19
39 years$903$577$356$214$127$16
40 years$871$549$334$198$115$14
41 years$840$522$313$182$104$12
42 years$811$497$294$168$94$10
43 years$783$474$276$155$86$9
44 years$757$452$259$144$78$7
45 years$732$431$243$133$71$6
46 years$708$411$228$122$64$5
47 years$685$392$214$113$58$5
48 years$663$374$201$105$53$4
49 years$642$357$189$97$48$3
50 years$622$341$178$89$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $637,000, adding $4,666 every year, while hoping to spend $38,788 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: 41/44/15 Blend
52$637,000$637,000$637,000$637,000
53$706,787$673,026$663,152$732,458
54$737,609$664,734$644,098$742,756
55$770,275$654,736$623,105$749,735
56$804,932$642,907$600,068$756,454
57$841,741$629,115$574,876$762,908
58$880,877$613,221$547,413$769,095
59$922,534$595,076$517,559$775,014
60$966,922$574,523$485,186$780,668
61$1,014,271$551,398$450,163$786,065
62$1,064,835$525,525$412,352$791,218
63$1,118,890$496,718$371,607$796,142
64$1,176,740$464,780$327,780$800,862
65$1,238,718$429,505$280,711$805,408
66$1,305,189$390,673$230,237$809,818
67$1,376,554$348,052$176,186$814,140
68$1,453,253$301,397$118,378$818,431
69$1,535,769$250,449$56,627$822,762
70$1,624,631$194,934$0$827,215
71$1,720,421$134,564$0$833,373
72$1,823,780$69,033$0$849,636
73$1,935,409$0$0$867,098
74$2,056,081$0$0$886,911
75$2,186,644$0$0$944,577
76$2,328,031$0$0$1,007,092
77$2,481,268$0$0$1,074,917
78$2,647,481$0$0$1,148,562
79$2,827,912$0$0$1,228,584
80$3,023,925$0$0$1,315,599
81$3,237,018$0$0$1,410,283
82$3,468,844$0$0$1,513,380
83$3,721,218$0$0$1,625,709
84$3,996,139$0$0$1,748,172
85$4,295,805$0$0$1,881,760
86$4,622,637$0$0$2,027,566
87$4,979,299$0$0$2,186,790
88$5,368,723$0$0$2,360,756
89$5,794,136$0$0$2,550,921
90$6,259,092$0$0$2,758,887
91$6,767,503$0$0$2,986,421
92$7,323,677$0$0$3,235,466
93$7,932,356$0$0$3,508,164
94$8,598,762$0$0$3,806,871
95$9,328,647$0$0$4,134,183
96$10,128,344$0$0$4,492,961
97$11,004,828$0$0$4,886,352
98$11,965,779$0$0$5,317,825
99$13,019,659$0$0$5,791,200
100$14,175,787$0$0$6,310,684