Can I retire at age 53 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$52,768$52,298$51,839$51,392$50,955$49,967
2 years$26,123$25,636$25,165$24,708$24,264$23,273
3 years$17,242$16,754$16,283$15,830$15,394$14,430
4 years$12,803$12,316$11,850$11,405$10,979$10,050
5 years$10,140$9,656$9,196$8,760$8,346$7,455
6 years$8,365$7,885$7,432$7,005$6,604$5,751
7 years$7,098$6,621$6,176$5,760$5,371$4,557
8 years$6,148$5,676$5,238$4,832$4,456$3,680
9 years$5,410$4,942$4,511$4,115$3,752$3,015
10 years$4,819$4,356$3,933$3,548$3,197$2,497
11 years$4,336$3,878$3,463$3,087$2,750$2,086
12 years$3,934$3,481$3,073$2,708$2,383$1,755
13 years$3,594$3,145$2,745$2,391$2,078$1,485
14 years$3,303$2,859$2,467$2,122$1,821$1,262
15 years$3,051$2,612$2,227$1,893$1,604$1,076
16 years$2,831$2,396$2,019$1,695$1,417$921
17 years$2,637$2,207$1,837$1,523$1,257$790
18 years$2,464$2,039$1,677$1,372$1,117$680
19 years$2,310$1,890$1,536$1,240$996$586
20 years$2,172$1,756$1,409$1,123$890$505
21 years$2,047$1,636$1,296$1,019$796$437
22 years$1,933$1,527$1,195$927$714$378
23 years$1,829$1,428$1,103$844$641$327
24 years$1,735$1,338$1,020$770$576$284
25 years$1,647$1,256$945$703$518$246
26 years$1,567$1,180$876$643$467$214
27 years$1,493$1,111$814$588$421$186
28 years$1,424$1,047$756$539$380$161
29 years$1,360$987$704$494$343$140
30 years$1,301$932$656$454$310$122
31 years$1,245$882$611$417$280$106
32 years$1,193$834$570$383$253$92
33 years$1,144$790$533$352$229$80
34 years$1,099$749$498$324$208$70
35 years$1,055$710$465$298$188$61
36 years$1,015$674$435$275$170$53
37 years$977$640$407$253$154$46
38 years$940$608$381$233$140$40
39 years$906$578$357$215$127$35
40 years$874$550$335$198$115$31
41 years$843$524$314$183$104$27
42 years$814$499$295$169$95$23
43 years$786$475$276$156$86$20
44 years$759$453$260$144$78$18
45 years$734$432$244$133$71$15
46 years$710$412$229$123$64$13
47 years$687$393$215$113$58$12
48 years$665$376$202$105$53$10
49 years$644$359$190$97$48$9
50 years$624$343$179$90$44$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $639,000, adding $3,649 every year, while hoping to spend $21,930 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: 36/41/23 Blend
52$639,000$639,000$639,000$639,000
53$707,942$674,075$664,170$728,401
54$756,819$683,771$663,087$753,453
55$809,946$693,208$661,232$778,194
56$867,734$702,348$658,557$804,464
57$930,634$711,155$655,010$832,413
58$999,144$719,586$650,537$862,207
59$1,073,809$727,599$645,083$894,032
60$1,155,232$735,146$638,588$928,091
61$1,244,075$742,177$630,990$964,612
62$1,341,066$748,639$622,224$1,003,845
63$1,447,009$754,477$612,222$1,046,068
64$1,562,786$759,628$600,914$1,091,590
65$1,689,370$764,030$588,224$1,140,750
66$1,827,832$767,614$574,076$1,193,925
67$1,979,351$770,306$558,387$1,251,533
68$2,145,224$772,031$541,073$1,314,036
69$2,326,882$772,706$522,044$1,381,943
70$2,525,899$772,243$501,207$1,455,821
71$2,744,008$770,551$478,465$1,536,293
72$2,983,119$767,530$453,716$1,624,051
73$3,245,335$763,077$426,853$1,719,860
74$3,532,972$757,080$397,766$1,824,563
75$3,848,581$749,423$366,337$1,939,096
76$4,194,973$739,981$332,446$2,064,490
77$4,575,242$728,622$295,965$2,201,888
78$4,992,799$715,207$256,762$2,352,549
79$5,451,400$699,587$214,698$2,517,868
80$5,955,182$681,606$169,630$2,699,385
81$6,508,703$661,098$121,405$2,898,801
82$7,116,986$637,886$69,867$3,117,994
83$7,785,561$611,786$14,851$3,359,041
84$8,520,525$582,600$0$3,624,235
85$9,328,591$550,120$0$3,926,871
86$10,217,158$514,126$0$4,263,569
87$11,194,376$474,386$0$4,633,816
88$12,269,224$430,653$0$5,041,067
89$13,451,598$382,668$0$5,489,134
90$14,752,397$330,155$0$5,982,225
91$16,183,633$272,823$0$6,524,978
92$17,758,539$210,368$0$7,122,513
93$19,491,697$142,463$0$7,780,472
94$21,399,174$68,767$0$8,505,084
95$23,498,672$0$0$9,303,215
96$25,809,698$0$0$10,187,438
97$28,353,744$0$0$11,195,081
98$31,154,494$0$0$12,304,512
99$34,238,043$0$0$13,526,082
100$37,633,147$0$0$14,871,197