Can I retire at age 53 with 638,000?

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 $638,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$52,685$52,216$51,758$51,311$50,875$49,405
2 years$26,082$25,596$25,125$24,669$24,226$22,757
3 years$17,215$16,727$16,258$15,806$15,370$13,947
4 years$12,783$12,296$11,832$11,387$10,962$9,597
5 years$10,124$9,641$9,182$8,746$8,333$7,029
6 years$8,352$7,872$7,420$6,995$6,594$5,353
7 years$7,087$6,611$6,166$5,751$5,363$4,184
8 years$6,138$5,667$5,229$4,824$4,449$3,332
9 years$5,401$4,934$4,504$4,109$3,746$2,690
10 years$4,812$4,349$3,927$3,542$3,192$2,195
11 years$4,330$3,872$3,457$3,083$2,745$1,806
12 years$3,928$3,475$3,068$2,704$2,379$1,496
13 years$3,589$3,140$2,741$2,387$2,075$1,245
14 years$3,298$2,855$2,463$2,119$1,819$1,041
15 years$3,047$2,608$2,224$1,890$1,601$873
16 years$2,827$2,393$2,016$1,692$1,415$735
17 years$2,633$2,203$1,835$1,520$1,255$619
18 years$2,461$2,036$1,675$1,370$1,116$523
19 years$2,307$1,887$1,533$1,238$994$443
20 years$2,168$1,754$1,407$1,121$888$375
21 years$2,043$1,633$1,294$1,018$795$319
22 years$1,930$1,525$1,193$925$713$271
23 years$1,827$1,426$1,101$843$640$230
24 years$1,732$1,336$1,019$769$575$196
25 years$1,645$1,254$943$702$517$166
26 years$1,565$1,178$875$642$466$142
27 years$1,491$1,109$812$587$420$121
28 years$1,422$1,045$755$538$379$103
29 years$1,358$986$703$494$342$88
30 years$1,299$931$655$453$309$75
31 years$1,243$880$610$416$280$64
32 years$1,191$833$569$382$253$54
33 years$1,143$789$532$352$229$46
34 years$1,097$747$497$323$207$40
35 years$1,054$709$464$298$188$34
36 years$1,013$673$435$274$170$29
37 years$975$639$407$253$154$25
38 years$939$607$381$233$140$21
39 years$905$578$357$215$127$18
40 years$872$549$334$198$115$15
41 years$841$523$314$183$104$13
42 years$812$498$294$169$95$11
43 years$784$475$276$156$86$10
44 years$758$452$259$144$78$8
45 years$733$431$243$133$71$7
46 years$709$412$229$123$64$6
47 years$686$393$215$113$58$5
48 years$664$375$202$105$53$4
49 years$643$358$190$97$48$4
50 years$623$342$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 $638,000, adding $2,473 every year, while hoping to spend $44,538 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: 70/23/7 Blend
52$638,000$638,000$638,000$638,000
53$705,627$671,813$661,924$754,079
54$730,213$657,344$636,710$771,975
55$755,814$640,673$609,159$785,835
56$782,486$621,645$579,146$799,779
57$810,291$600,097$546,538$813,805
58$839,293$575,855$511,200$827,911
59$869,564$548,734$472,988$842,098
60$901,180$518,542$431,753$856,367
61$934,222$485,073$387,339$870,720
62$968,780$448,109$339,582$885,162
63$1,004,950$407,420$288,312$899,700
64$1,042,835$362,765$233,351$914,343
65$1,082,550$313,885$174,514$929,102
66$1,124,216$260,511$111,606$943,993
67$1,167,966$202,356$44,425$959,034
68$1,213,944$139,118$0$974,250
69$1,262,308$70,476$0$991,704
70$1,313,228$0$0$1,013,068
71$1,366,890$0$0$1,036,065
72$1,423,497$0$0$1,079,154
73$1,483,269$0$0$1,124,665
74$1,546,446$0$0$1,172,785
75$1,613,292$0$0$1,223,716
76$1,684,093$0$0$1,277,677
77$1,759,163$0$0$1,334,911
78$1,838,844$0$0$1,395,680
79$1,923,509$0$0$1,460,273
80$2,013,570$0$0$1,529,005
81$2,109,473$0$0$1,602,220
82$2,211,710$0$0$1,680,297
83$2,320,817$0$0$1,763,649
84$2,437,384$0$0$1,852,731
85$2,562,056$0$0$1,948,037
86$2,695,541$0$0$2,050,115
87$2,838,614$0$0$2,159,561
88$2,992,126$0$0$2,277,030
89$3,157,012$0$0$2,403,244
90$3,334,296$0$0$2,538,990
91$3,525,104$0$0$2,685,137
92$3,730,672$0$0$2,842,638
93$3,952,357$0$0$3,012,537
94$4,191,650$0$0$3,195,984
95$4,450,190$0$0$3,394,242
96$4,729,778$0$0$3,608,698
97$5,032,392$0$0$3,840,880
98$5,360,208$0$0$4,092,462
99$5,715,619$0$0$4,365,290
100$6,101,254$0$0$4,661,392