Can I retire at age 53 with 643,000?

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 $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%17.1%
1 years$53,098$52,625$52,164$51,714$51,274$49,792
2 years$26,286$25,797$25,322$24,862$24,416$22,935
3 years$17,350$16,858$16,385$15,929$15,491$14,057
4 years$12,883$12,393$11,924$11,476$11,048$9,672
5 years$10,203$9,716$9,254$8,815$8,399$7,085
6 years$8,417$7,934$7,478$7,049$6,645$5,395
7 years$7,142$6,663$6,215$5,796$5,405$4,217
8 years$6,186$5,711$5,270$4,862$4,484$3,358
9 years$5,443$4,973$4,539$4,141$3,776$2,712
10 years$4,849$4,383$3,958$3,570$3,217$2,213
11 years$4,364$3,902$3,484$3,107$2,767$1,820
12 years$3,959$3,502$3,092$2,725$2,398$1,508
13 years$3,617$3,165$2,763$2,406$2,091$1,255
14 years$3,324$2,877$2,482$2,136$1,833$1,049
15 years$3,070$2,628$2,241$1,905$1,614$880
16 years$2,849$2,411$2,032$1,705$1,426$740
17 years$2,653$2,221$1,849$1,532$1,265$624
18 years$2,480$2,052$1,688$1,381$1,124$528
19 years$2,325$1,902$1,545$1,248$1,002$446
20 years$2,185$1,767$1,418$1,130$895$378
21 years$2,059$1,646$1,304$1,026$801$321
22 years$1,945$1,537$1,202$933$718$273
23 years$1,841$1,437$1,110$849$645$232
24 years$1,745$1,347$1,027$775$579$197
25 years$1,658$1,264$951$707$521$168
26 years$1,577$1,188$882$647$470$143
27 years$1,502$1,118$819$592$423$122
28 years$1,433$1,053$761$542$382$104
29 years$1,369$994$708$497$345$88
30 years$1,309$938$660$456$312$75
31 years$1,253$887$615$419$282$64
32 years$1,201$839$574$385$255$55
33 years$1,152$795$536$354$231$47
34 years$1,105$753$501$326$209$40
35 years$1,062$715$468$300$189$34
36 years$1,021$678$438$276$171$29
37 years$983$644$410$255$155$25
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$10
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 $4,352 every year, while hoping to spend $48,953 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: 51/42/7 Blend
52$643,000$643,000$643,000$643,000
53$713,075$678,996$669,030$747,979
54$733,723$660,181$639,356$753,388
55$754,837$638,804$607,049$753,621
56$776,411$614,687$571,966$752,709
57$798,441$587,642$533,963$750,557
58$820,917$557,471$492,885$747,059
59$843,828$523,965$448,574$742,107
60$867,160$486,901$400,863$735,582
61$890,896$446,044$349,578$727,360
62$915,014$401,147$294,535$717,304
63$939,489$351,948$235,546$705,274
64$964,292$298,168$172,412$691,115
65$989,388$239,516$104,926$674,664
66$1,014,736$175,683$32,871$655,746
67$1,040,289$106,341$0$634,175
68$1,065,992$31,146$0$613,040
69$1,091,785$0$0$591,674
70$1,117,596$0$0$590,642
71$1,143,345$0$0$603,933
72$1,168,940$0$0$617,100
73$1,194,279$0$0$630,086
74$1,219,245$0$0$642,821
75$1,243,707$0$0$655,233
76$1,267,516$0$0$667,236
77$1,290,509$0$0$678,737
78$1,312,498$0$0$689,629
79$1,333,276$0$0$699,794
80$1,352,612$0$0$709,101
81$1,370,245$0$0$717,401
82$1,385,885$0$0$724,531
83$1,399,212$0$0$730,309
84$1,409,864$0$0$734,529
85$1,417,443$0$0$736,966
86$1,421,504$0$0$737,369
87$1,421,552$0$0$735,458
88$1,417,040$0$0$730,922
89$1,407,358$0$0$723,418
90$1,391,831$0$0$712,564
91$1,369,708$0$0$697,936
92$1,340,161$0$0$679,066
93$1,302,268$0$0$655,434
94$1,255,010$0$0$626,466
95$1,197,260$0$0$591,524
96$1,127,767$0$0$549,905
97$1,045,150$0$0$500,829
98$947,880$0$0$443,435
99$834,267$0$0$376,769
100$702,441$0$0$299,779