Can I retire at age 53 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$53,016$52,544$52,083$51,633$51,194$50,512
2 years$26,245$25,757$25,283$24,824$24,378$23,692
3 years$17,323$16,832$16,360$15,905$15,466$14,798
4 years$12,863$12,373$11,906$11,458$11,031$10,385
5 years$10,187$9,701$9,239$8,801$8,385$7,764
6 years$8,404$7,922$7,467$7,038$6,635$6,039
7 years$7,131$6,653$6,205$5,787$5,396$4,825
8 years$6,177$5,702$5,262$4,854$4,477$3,931
9 years$5,435$4,965$4,532$4,135$3,770$3,249
10 years$4,842$4,376$3,951$3,564$3,212$2,716
11 years$4,357$3,896$3,479$3,102$2,763$2,290
12 years$3,953$3,497$3,087$2,721$2,394$1,945
13 years$3,611$3,160$2,758$2,402$2,088$1,662
14 years$3,319$2,873$2,478$2,132$1,830$1,427
15 years$3,066$2,624$2,238$1,902$1,611$1,230
16 years$2,844$2,408$2,029$1,703$1,424$1,063
17 years$2,649$2,217$1,846$1,530$1,263$922
18 years$2,476$2,049$1,685$1,379$1,123$802
19 years$2,321$1,899$1,543$1,246$1,001$698
20 years$2,182$1,765$1,416$1,128$894$610
21 years$2,056$1,644$1,302$1,024$800$533
22 years$1,942$1,534$1,200$931$717$466
23 years$1,838$1,435$1,108$848$644$409
24 years$1,743$1,344$1,025$773$578$358
25 years$1,655$1,262$949$706$521$315
26 years$1,575$1,186$880$646$469$276
27 years$1,500$1,116$818$591$423$243
28 years$1,431$1,052$760$542$381$214
29 years$1,367$992$707$497$344$188
30 years$1,307$937$659$456$311$166
31 years$1,251$886$614$419$281$146
32 years$1,199$838$573$385$255$129
33 years$1,150$794$535$354$230$113
34 years$1,104$752$500$326$209$100
35 years$1,060$713$467$300$189$88
36 years$1,020$677$437$276$171$78
37 years$981$643$409$254$155$69
38 years$945$611$383$234$141$60
39 years$910$581$359$216$128$53
40 years$878$553$337$199$116$47
41 years$847$526$316$184$105$42
42 years$817$501$296$170$95$37
43 years$789$478$278$157$86$32
44 years$763$455$261$145$78$29
45 years$737$434$245$134$71$25
46 years$713$414$230$123$65$22
47 years$690$395$216$114$59$20
48 years$668$377$203$105$53$17
49 years$647$360$191$97$48$15
50 years$627$344$179$90$44$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $642,000, adding $3,194 every year, while hoping to spend $48,648 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: 58/15/27 Blend
52$642,000$642,000$642,000$642,000
53$710,779$676,753$666,802$746,607
54$731,517$658,152$637,378$752,885
55$752,740$637,010$605,339$754,306
56$774,446$613,150$570,544$754,843
57$796,631$586,387$532,849$754,424
58$819,290$556,522$492,102$752,972
59$842,414$523,348$448,144$750,406
60$865,993$486,644$400,810$746,636
61$890,013$446,179$349,925$741,571
62$914,457$401,704$295,310$735,110
63$939,305$352,961$236,777$727,146
64$964,532$299,674$174,126$717,566
65$990,108$241,552$107,154$706,247
66$1,016,000$178,289$35,644$693,061
67$1,042,168$109,560$0$677,868
68$1,068,564$35,024$0$672,235
69$1,095,136$0$0$676,007
70$1,121,822$0$0$686,346
71$1,148,551$0$0$702,464
72$1,175,245$0$0$718,528
73$1,201,812$0$0$734,481
74$1,228,149$0$0$750,254
75$1,254,142$0$0$765,773
76$1,279,658$0$0$780,954
77$1,304,551$0$0$795,700
78$1,328,656$0$0$809,907
79$1,351,787$0$0$823,453
80$1,373,737$0$0$836,205
81$1,394,274$0$0$848,014
82$1,413,139$0$0$858,712
83$1,430,043$0$0$868,115
84$1,444,663$0$0$876,013
85$1,456,641$0$0$882,176
86$1,465,575$0$0$886,348
87$1,471,022$0$0$888,242
88$1,472,487$0$0$887,542
89$1,469,422$0$0$883,894
90$1,461,216$0$0$876,907
91$1,447,193$0$0$866,147
92$1,426,604$0$0$851,134
93$1,398,616$0$0$831,333
94$1,362,308$0$0$806,154
95$1,316,659$0$0$774,943
96$1,260,539$0$0$736,975
97$1,192,696$0$0$691,448
98$1,111,746$0$0$637,476
99$1,016,157$0$0$574,076
100$904,235$0$0$500,165