Can I retire at age 53 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$53,098$52,625$52,164$51,714$51,274$49,772
2 years$26,286$25,797$25,322$24,862$24,416$22,915
3 years$17,350$16,858$16,385$15,929$15,491$14,038
4 years$12,883$12,393$11,924$11,476$11,048$9,654
5 years$10,203$9,716$9,254$8,815$8,399$7,068
6 years$8,417$7,934$7,478$7,049$6,645$5,379
7 years$7,142$6,663$6,215$5,796$5,405$4,202
8 years$6,186$5,711$5,270$4,862$4,484$3,344
9 years$5,443$4,973$4,539$4,141$3,776$2,699
10 years$4,849$4,383$3,958$3,570$3,217$2,201
11 years$4,364$3,902$3,484$3,107$2,767$1,810
12 years$3,959$3,502$3,092$2,725$2,398$1,498
13 years$3,617$3,165$2,763$2,406$2,091$1,246
14 years$3,324$2,877$2,482$2,136$1,833$1,041
15 years$3,070$2,628$2,241$1,905$1,614$872
16 years$2,849$2,411$2,032$1,705$1,426$733
17 years$2,653$2,221$1,849$1,532$1,265$618
18 years$2,480$2,052$1,688$1,381$1,124$522
19 years$2,325$1,902$1,545$1,248$1,002$441
20 years$2,185$1,767$1,418$1,130$895$374
21 years$2,059$1,646$1,304$1,026$801$317
22 years$1,945$1,537$1,202$933$718$269
23 years$1,841$1,437$1,110$849$645$228
24 years$1,745$1,347$1,027$775$579$194
25 years$1,658$1,264$951$707$521$165
26 years$1,577$1,188$882$647$470$140
27 years$1,502$1,118$819$592$423$120
28 years$1,433$1,053$761$542$382$102
29 years$1,369$994$708$497$345$87
30 years$1,309$938$660$456$312$74
31 years$1,253$887$615$419$282$63
32 years$1,201$839$574$385$255$54
33 years$1,152$795$536$354$231$46
34 years$1,105$753$501$326$209$39
35 years$1,062$715$468$300$189$33
36 years$1,021$678$438$276$171$28
37 years$983$644$410$255$155$24
38 years$946$612$384$235$141$21
39 years$912$582$360$216$128$18
40 years$879$554$337$200$116$15
41 years$848$527$316$184$105$13
42 years$819$502$296$170$95$11
43 years$791$478$278$157$87$9
44 years$764$456$261$145$79$8
45 years$739$435$245$134$71$7
46 years$714$415$230$124$65$6
47 years$691$396$216$114$59$5
48 years$669$378$203$106$53$4
49 years$648$361$191$98$49$4
50 years$628$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $643,000, adding $4,137 every year, while hoping to spend $40,337 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$643,000$643,000$643,000$643,000
53$712,853$678,774$668,808$762,639
54$742,646$669,116$648,295$786,474
55$774,126$657,633$625,742$807,198
56$807,422$644,192$601,040$828,810
57$842,676$628,654$574,072$851,388
58$880,042$610,871$544,716$875,019
59$919,689$590,687$512,847$899,798
60$961,801$567,934$478,331$925,833
61$1,006,580$542,438$441,031$953,239
62$1,054,247$514,014$400,801$982,150
63$1,105,044$482,464$357,491$1,012,710
64$1,159,234$447,580$310,943$1,045,080
65$1,217,108$409,144$260,992$1,079,439
66$1,278,984$366,923$207,466$1,115,987
67$1,345,210$320,672$150,186$1,154,943
68$1,416,168$270,131$88,963$1,196,550
69$1,492,276$215,026$23,602$1,241,081
70$1,573,994$155,069$0$1,288,835
71$1,661,828$89,953$0$1,346,545
72$1,756,329$19,356$0$1,412,088
73$1,858,108$0$0$1,482,627
74$1,967,830$0$0$1,567,436
75$2,086,231$0$0$1,662,193
76$2,214,115$0$0$1,764,563
77$2,352,369$0$0$1,875,260
78$2,501,965$0$0$1,995,065
79$2,663,975$0$0$2,124,839
80$2,839,574$0$0$2,265,527
81$3,030,057$0$0$2,418,171
82$3,236,845$0$0$2,583,913
83$3,461,504$0$0$2,764,012
84$3,705,754$0$0$2,959,852
85$3,971,491$0$0$3,172,956
86$4,260,797$0$0$3,405,000
87$4,575,964$0$0$3,657,826
88$4,919,517$0$0$3,933,465
89$5,294,231$0$0$4,234,149
90$5,703,163$0$0$4,562,335
91$6,149,677$0$0$4,920,731
92$6,637,477$0$0$5,312,313
93$7,170,639$0$0$5,740,362
94$7,753,652$0$0$6,208,486
95$8,391,458$0$0$6,720,661
96$9,089,498$0$0$7,281,264
97$9,853,765$0$0$7,895,114
98$10,690,858$0$0$8,567,518
99$11,608,041$0$0$9,304,321
100$12,613,320$0$0$10,111,960