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%16.9%
1 years$52,768$52,298$51,839$51,392$50,955$49,522
2 years$26,123$25,636$25,165$24,708$24,264$22,832
3 years$17,242$16,754$16,283$15,830$15,394$14,007
4 years$12,803$12,316$11,850$11,405$10,979$9,648
5 years$10,140$9,656$9,196$8,760$8,346$7,074
6 years$8,365$7,885$7,432$7,005$6,604$5,392
7 years$7,098$6,621$6,176$5,760$5,371$4,220
8 years$6,148$5,676$5,238$4,832$4,456$3,365
9 years$5,410$4,942$4,511$4,115$3,752$2,720
10 years$4,819$4,356$3,933$3,548$3,197$2,222
11 years$4,336$3,878$3,463$3,087$2,750$1,831
12 years$3,934$3,481$3,073$2,708$2,383$1,518
13 years$3,594$3,145$2,745$2,391$2,078$1,265
14 years$3,303$2,859$2,467$2,122$1,821$1,059
15 years$3,051$2,612$2,227$1,893$1,604$890
16 years$2,831$2,396$2,019$1,695$1,417$750
17 years$2,637$2,207$1,837$1,523$1,257$633
18 years$2,464$2,039$1,677$1,372$1,117$536
19 years$2,310$1,890$1,536$1,240$996$454
20 years$2,172$1,756$1,409$1,123$890$385
21 years$2,047$1,636$1,296$1,019$796$328
22 years$1,933$1,527$1,195$927$714$279
23 years$1,829$1,428$1,103$844$641$237
24 years$1,735$1,338$1,020$770$576$202
25 years$1,647$1,256$945$703$518$172
26 years$1,567$1,180$876$643$467$147
27 years$1,493$1,111$814$588$421$125
28 years$1,424$1,047$756$539$380$107
29 years$1,360$987$704$494$343$91
30 years$1,301$932$656$454$310$78
31 years$1,245$882$611$417$280$67
32 years$1,193$834$570$383$253$57
33 years$1,144$790$533$352$229$49
34 years$1,099$749$498$324$208$42
35 years$1,055$710$465$298$188$36
36 years$1,015$674$435$275$170$30
37 years$977$640$407$253$154$26
38 years$940$608$381$233$140$22
39 years$906$578$357$215$127$19
40 years$874$550$335$198$115$16
41 years$843$524$314$183$104$14
42 years$814$499$295$169$95$12
43 years$786$475$276$156$86$10
44 years$759$453$260$144$78$9
45 years$734$432$244$133$71$7
46 years$710$412$229$123$64$6
47 years$687$393$215$113$58$5
48 years$665$376$202$105$53$5
49 years$644$359$190$97$48$4
50 years$624$343$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $639,000, adding $2,239 every year, while hoping to spend $50,211 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: 67/14/19 Blend
52$639,000$639,000$639,000$639,000
53$706,488$672,621$662,716$750,355
54$725,125$652,155$631,493$759,525
55$743,981$629,003$597,541$763,517
56$763,024$602,982$560,716$766,666
57$782,219$573,894$520,866$768,888
58$801,525$541,535$477,835$770,091
59$820,895$505,685$431,457$770,176
60$840,276$466,113$381,560$769,037
61$859,607$422,574$327,965$766,556
62$878,818$374,812$270,483$762,609
63$897,832$322,553$208,919$757,060
64$916,561$265,508$143,068$749,761
65$934,905$203,373$72,716$740,553
66$952,754$135,826$0$729,262
67$969,981$62,528$0$716,180
68$986,447$0$0$716,387
69$1,001,995$0$0$717,553
70$1,016,449$0$0$727,524
71$1,029,613$0$0$736,520
72$1,041,268$0$0$744,380
73$1,051,172$0$0$750,923
74$1,059,052$0$0$755,947
75$1,064,607$0$0$759,230
76$1,067,500$0$0$760,521
77$1,067,359$0$0$759,546
78$1,063,769$0$0$755,997
79$1,056,271$0$0$749,534
80$1,044,354$0$0$739,779
81$1,027,452$0$0$726,313
82$1,004,938$0$0$708,673
83$976,118$0$0$686,345
84$940,221$0$0$658,758
85$896,395$0$0$625,283
86$843,698$0$0$585,223
87$781,086$0$0$537,806
88$707,404$0$0$482,178
89$621,376$0$0$417,397
90$521,590$0$0$342,417
91$406,487$0$0$256,087
92$274,341$0$0$157,131
93$123,248$0$0$44,142
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0