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%15%
1 years$52,685$52,216$51,758$51,311$50,875$49,827
2 years$26,082$25,596$25,125$24,669$24,226$23,176
3 years$17,215$16,727$16,258$15,806$15,370$14,349
4 years$12,783$12,296$11,832$11,387$10,962$9,979
5 years$10,124$9,641$9,182$8,746$8,333$7,390
6 years$8,352$7,872$7,420$6,995$6,594$5,692
7 years$7,087$6,611$6,166$5,751$5,363$4,502
8 years$6,138$5,667$5,229$4,824$4,449$3,630
9 years$5,401$4,934$4,504$4,109$3,746$2,968
10 years$4,812$4,349$3,927$3,542$3,192$2,454
11 years$4,330$3,872$3,457$3,083$2,745$2,046
12 years$3,928$3,475$3,068$2,704$2,379$1,718
13 years$3,589$3,140$2,741$2,387$2,075$1,450
14 years$3,298$2,855$2,463$2,119$1,819$1,230
15 years$3,047$2,608$2,224$1,890$1,601$1,047
16 years$2,827$2,393$2,016$1,692$1,415$894
17 years$2,633$2,203$1,835$1,520$1,255$766
18 years$2,461$2,036$1,675$1,370$1,116$657
19 years$2,307$1,887$1,533$1,238$994$565
20 years$2,168$1,754$1,407$1,121$888$486
21 years$2,043$1,633$1,294$1,018$795$419
22 years$1,930$1,525$1,193$925$713$362
23 years$1,827$1,426$1,101$843$640$313
24 years$1,732$1,336$1,019$769$575$271
25 years$1,645$1,254$943$702$517$234
26 years$1,565$1,178$875$642$466$203
27 years$1,491$1,109$812$587$420$176
28 years$1,422$1,045$755$538$379$152
29 years$1,358$986$703$494$342$132
30 years$1,299$931$655$453$309$115
31 years$1,243$880$610$416$280$99
32 years$1,191$833$569$382$253$86
33 years$1,143$789$532$352$229$75
34 years$1,097$747$497$323$207$65
35 years$1,054$709$464$298$188$57
36 years$1,013$673$435$274$170$49
37 years$975$639$407$253$154$43
38 years$939$607$381$233$140$37
39 years$905$578$357$215$127$32
40 years$872$549$334$198$115$28
41 years$841$523$314$183$104$24
42 years$812$498$294$169$95$21
43 years$784$475$276$156$86$18
44 years$758$452$259$144$78$16
45 years$733$431$243$133$71$14
46 years$709$412$229$123$64$12
47 years$686$393$215$113$58$11
48 years$664$375$202$105$53$9
49 years$643$358$190$97$48$8
50 years$623$342$178$89$44$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $638,000, adding $3,422 every year, while hoping to spend $48,593 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: 46/26/28 Blend
52$638,000$638,000$638,000$638,000
53$706,606$672,792$662,903$733,277
54$726,977$654,056$633,407$733,771
55$747,797$632,774$601,295$729,341
56$769,062$608,768$566,428$723,599
57$790,762$581,854$528,659$716,449
58$812,888$551,833$487,838$707,788
59$835,428$518,498$443,805$697,507
60$858,364$481,627$396,396$685,490
61$881,679$440,989$345,436$671,613
62$905,348$396,335$290,746$655,746
63$929,344$347,406$232,136$637,749
64$953,634$293,926$169,411$617,473
65$978,182$235,605$102,362$594,761
66$1,002,942$172,136$30,777$569,445
67$1,027,865$103,193$0$541,346
68$1,052,893$28,435$0$523,902
69$1,077,959$0$0$513,980
70$1,102,989$0$0$517,254
71$1,127,897$0$0$528,561
72$1,152,587$0$0$539,716
73$1,176,948$0$0$550,662
74$1,200,858$0$0$561,335
75$1,224,179$0$0$571,664
76$1,246,755$0$0$581,568
77$1,268,411$0$0$590,957
78$1,288,953$0$0$599,731
79$1,308,161$0$0$607,778
80$1,325,793$0$0$614,972
81$1,341,575$0$0$621,173
82$1,355,204$0$0$626,227
83$1,366,343$0$0$629,960
84$1,374,614$0$0$632,178
85$1,379,599$0$0$632,669
86$1,380,833$0$0$631,195
87$1,377,799$0$0$627,490
88$1,369,924$0$0$621,263
89$1,356,570$0$0$612,189
90$1,337,032$0$0$599,907
91$1,310,527$0$0$584,018
92$1,276,187$0$0$564,081
93$1,233,053$0$0$539,606
94$1,180,060$0$0$510,051
95$1,116,030$0$0$474,816
96$1,039,661$0$0$433,239
97$949,511$0$0$384,586
98$843,986$0$0$328,046
99$721,322$0$0$262,722
100$579,570$0$0$187,623