Can I retire at age 53 with 641,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.2%
1 years$52,933$52,462$52,002$51,553$51,114$49,419
2 years$26,205$25,717$25,244$24,785$24,340$22,648
3 years$17,296$16,806$16,334$15,880$15,442$13,807
4 years$12,843$12,354$11,887$11,441$11,014$9,448
5 years$10,172$9,686$9,225$8,787$8,372$6,880
6 years$8,391$7,909$7,455$7,027$6,625$5,208
7 years$7,120$6,642$6,195$5,778$5,388$4,045
8 years$6,167$5,694$5,254$4,847$4,470$3,201
9 years$5,426$4,957$4,525$4,128$3,764$2,567
10 years$4,834$4,370$3,945$3,559$3,207$2,080
11 years$4,350$3,890$3,473$3,097$2,758$1,700
12 years$3,947$3,491$3,083$2,717$2,390$1,397
13 years$3,606$3,155$2,754$2,398$2,084$1,154
14 years$3,314$2,868$2,474$2,129$1,827$958
15 years$3,061$2,620$2,234$1,899$1,609$797
16 years$2,840$2,404$2,026$1,700$1,422$665
17 years$2,645$2,214$1,843$1,527$1,261$557
18 years$2,472$2,046$1,683$1,377$1,121$466
19 years$2,318$1,896$1,540$1,244$999$392
20 years$2,179$1,762$1,414$1,127$892$329
21 years$2,053$1,641$1,300$1,022$799$277
22 years$1,939$1,532$1,198$930$716$233
23 years$1,835$1,433$1,107$847$643$196
24 years$1,740$1,342$1,023$772$578$166
25 years$1,653$1,260$948$705$520$140
26 years$1,572$1,184$879$645$468$118
27 years$1,498$1,114$816$590$422$100
28 years$1,429$1,050$759$541$381$84
29 years$1,365$990$706$496$344$71
30 years$1,305$935$658$455$311$60
31 years$1,249$884$613$418$281$51
32 years$1,197$837$572$384$254$43
33 years$1,148$792$534$353$230$36
34 years$1,102$751$499$325$208$31
35 years$1,059$712$467$299$189$26
36 years$1,018$676$437$276$171$22
37 years$980$642$409$254$155$19
38 years$943$610$383$234$140$16
39 years$909$580$358$216$127$13
40 years$876$552$336$199$115$11
41 years$845$526$315$184$105$9
42 years$816$500$296$169$95$8
43 years$788$477$277$156$86$7
44 years$762$455$260$144$78$6
45 years$736$433$244$133$71$5
46 years$712$414$230$123$65$4
47 years$689$395$216$114$59$3
48 years$667$377$203$105$53$3
49 years$646$360$191$97$48$2
50 years$626$344$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $641,000, adding $4,087 every year, while hoping to spend $23,265 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: 61/27/12 Blend
52$641,000$641,000$641,000$641,000
53$710,598$676,625$666,689$751,666
54$758,325$685,026$664,270$788,131
55$810,141$693,058$660,989$824,893
56$866,437$700,680$656,794$864,439
57$927,646$707,846$651,629$907,040
58$994,243$714,507$645,436$952,994
59$1,066,750$720,612$638,152$1,002,630
60$1,145,742$726,106$629,714$1,056,312
61$1,231,851$730,929$620,053$1,114,439
62$1,325,776$735,020$609,100$1,177,455
63$1,428,281$738,312$596,781$1,245,845
64$1,540,211$740,735$583,019$1,320,148
65$1,662,495$742,213$567,732$1,400,956
66$1,796,154$742,667$550,836$1,488,925
67$1,942,316$742,011$532,243$1,584,776
68$2,102,219$740,157$511,861$1,689,306
69$2,277,229$737,008$489,591$1,803,393
70$2,468,848$732,463$465,334$1,928,006
71$2,678,732$726,415$438,984$2,064,215
72$2,908,702$718,749$410,430$2,213,198
73$3,160,767$709,345$379,556$2,376,257
74$3,437,137$698,074$346,243$2,554,827
75$3,740,246$684,802$310,364$2,750,489
76$4,072,778$669,383$271,787$2,964,991
77$4,437,684$651,666$230,376$3,200,257
78$4,838,220$631,490$185,985$3,458,412
79$5,277,969$608,684$138,467$3,741,798
80$5,760,880$583,067$87,663$4,052,999
81$6,291,301$554,449$33,411$4,394,863
82$6,874,023$522,626$0$4,770,534
83$7,514,325$487,387$0$5,186,612
84$8,218,021$448,503$0$5,648,552
85$8,991,517$405,738$0$6,156,311
86$9,841,871$358,837$0$6,714,561
87$10,776,856$307,535$0$7,328,453
88$11,805,040$251,549$0$8,003,665
89$12,935,861$190,582$0$8,746,458
90$14,179,717$124,318$0$9,563,732
91$15,548,064$52,426$0$10,463,094
92$17,053,527$0$0$11,452,931
93$18,710,013$0$0$12,550,047
94$20,532,846$0$0$13,774,536
95$22,538,913$0$0$15,122,170
96$24,746,818$0$0$16,605,457
97$27,177,060$0$0$18,238,174
98$29,852,228$0$0$20,035,506
99$32,797,211$0$0$22,014,182
100$36,039,435$0$0$24,192,637