Can I retire at age 53 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$52,933$52,462$52,002$51,553$51,114$49,858
2 years$26,205$25,717$25,244$24,785$24,340$23,083
3 years$17,296$16,806$16,334$15,880$15,442$14,222
4 years$12,843$12,354$11,887$11,441$11,014$9,841
5 years$10,172$9,686$9,225$8,787$8,372$7,250
6 years$8,391$7,909$7,455$7,027$6,625$5,554
7 years$7,120$6,642$6,195$5,778$5,388$4,368
8 years$6,167$5,694$5,254$4,847$4,470$3,501
9 years$5,426$4,957$4,525$4,128$3,764$2,846
10 years$4,834$4,370$3,945$3,559$3,207$2,338
11 years$4,350$3,890$3,473$3,097$2,758$1,938
12 years$3,947$3,491$3,083$2,717$2,390$1,616
13 years$3,606$3,155$2,754$2,398$2,084$1,355
14 years$3,314$2,868$2,474$2,129$1,827$1,142
15 years$3,061$2,620$2,234$1,899$1,609$965
16 years$2,840$2,404$2,026$1,700$1,422$818
17 years$2,645$2,214$1,843$1,527$1,261$696
18 years$2,472$2,046$1,683$1,377$1,121$593
19 years$2,318$1,896$1,540$1,244$999$506
20 years$2,179$1,762$1,414$1,127$892$432
21 years$2,053$1,641$1,300$1,022$799$370
22 years$1,939$1,532$1,198$930$716$317
23 years$1,835$1,433$1,107$847$643$272
24 years$1,740$1,342$1,023$772$578$233
25 years$1,653$1,260$948$705$520$200
26 years$1,572$1,184$879$645$468$172
27 years$1,498$1,114$816$590$422$148
28 years$1,429$1,050$759$541$381$127
29 years$1,365$990$706$496$344$109
30 years$1,305$935$658$455$311$94
31 years$1,249$884$613$418$281$81
32 years$1,197$837$572$384$254$70
33 years$1,148$792$534$353$230$60
34 years$1,102$751$499$325$208$52
35 years$1,059$712$467$299$189$44
36 years$1,018$676$437$276$171$38
37 years$980$642$409$254$155$33
38 years$943$610$383$234$140$28
39 years$909$580$358$216$127$25
40 years$876$552$336$199$115$21
41 years$845$526$315$184$105$18
42 years$816$500$296$169$95$16
43 years$788$477$277$156$86$14
44 years$762$455$260$144$78$12
45 years$736$433$244$133$71$10
46 years$712$414$230$123$65$9
47 years$689$395$216$114$59$7
48 years$667$377$203$105$53$6
49 years$646$360$191$97$48$6
50 years$626$344$179$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $641,000, adding $5,927 every year, while hoping to spend $44,186 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: 73/14/13 Blend
52$641,000$641,000$641,000$641,000
53$712,496$678,523$668,587$762,126
54$738,157$664,757$643,971$781,992
55$764,954$648,835$617,050$797,722
56$792,957$630,606$587,699$813,759
57$822,241$609,908$555,789$830,125
58$852,887$586,571$521,185$846,841
59$884,982$560,413$483,745$863,932
60$918,621$531,244$443,322$881,426
61$953,907$498,862$399,760$899,358
62$990,953$463,054$352,899$917,762
63$1,029,880$423,593$302,571$936,683
64$1,070,819$380,240$248,598$956,166
65$1,113,915$332,744$190,798$976,267
66$1,159,323$280,838$128,979$997,046
67$1,207,214$224,239$62,940$1,018,572
68$1,257,774$162,651$0$1,040,923
69$1,311,205$95,759$0$1,065,231
70$1,367,728$23,231$0$1,099,935
71$1,427,584$0$0$1,136,438
72$1,491,036$0$0$1,183,413
73$1,558,371$0$0$1,237,076
74$1,629,906$0$0$1,294,100
75$1,705,983$0$0$1,354,763
76$1,786,980$0$0$1,419,366
77$1,873,308$0$0$1,488,241
78$1,965,420$0$0$1,561,750
79$2,063,810$0$0$1,640,291
80$2,169,020$0$0$1,724,300
81$2,281,644$0$0$1,814,253
82$2,402,335$0$0$1,910,675
83$2,531,807$0$0$2,014,140
84$2,670,845$0$0$2,125,278
85$2,820,309$0$0$2,244,782
86$2,981,146$0$0$2,373,411
87$3,154,393$0$0$2,512,000
88$3,341,189$0$0$2,661,465
89$3,542,788$0$0$2,822,812
90$3,760,566$0$0$2,997,148
91$3,996,033$0$0$3,185,687
92$4,250,853$0$0$3,389,768
93$4,526,852$0$0$3,610,857
94$4,826,039$0$0$3,850,570
95$5,150,622$0$0$4,110,683
96$5,503,032$0$0$4,393,150
97$5,885,939$0$0$4,700,118
98$6,302,283$0$0$5,033,951
99$6,755,297$0$0$5,397,249
100$7,248,540$0$0$5,792,874