Can I retire at age 53 with 644,000?

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 $644,000?

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%
1 years$53,181$52,707$52,245$51,794$51,353$50,071
2 years$26,327$25,837$25,362$24,901$24,454$23,170
3 years$17,377$16,885$16,411$15,954$15,515$14,270
4 years$12,903$12,412$11,943$11,494$11,065$9,869
5 years$10,219$9,731$9,268$8,829$8,412$7,266
6 years$8,431$7,946$7,490$7,060$6,656$5,563
7 years$7,153$6,673$6,224$5,805$5,413$4,373
8 years$6,196$5,720$5,279$4,869$4,491$3,503
9 years$5,452$4,980$4,546$4,148$3,782$2,846
10 years$4,857$4,390$3,964$3,575$3,222$2,337
11 years$4,370$3,908$3,490$3,112$2,771$1,935
12 years$3,965$3,508$3,097$2,729$2,401$1,613
13 years$3,623$3,170$2,767$2,410$2,094$1,352
14 years$3,329$2,881$2,486$2,139$1,836$1,138
15 years$3,075$2,632$2,245$1,908$1,616$961
16 years$2,853$2,415$2,035$1,708$1,428$815
17 years$2,657$2,224$1,852$1,535$1,267$692
18 years$2,484$2,055$1,690$1,383$1,126$589
19 years$2,328$1,905$1,548$1,250$1,004$502
20 years$2,189$1,770$1,420$1,132$897$429
21 years$2,063$1,649$1,306$1,027$802$367
22 years$1,948$1,539$1,204$934$719$314
23 years$1,844$1,439$1,112$851$646$269
24 years$1,748$1,349$1,028$776$580$231
25 years$1,660$1,266$952$708$522$198
26 years$1,579$1,189$883$648$470$170
27 years$1,505$1,119$820$593$424$146
28 years$1,435$1,055$762$543$383$125
29 years$1,371$995$709$498$346$108
30 years$1,311$940$661$457$312$93
31 years$1,255$888$616$420$282$80
32 years$1,202$841$575$386$255$68
33 years$1,153$796$537$355$231$59
34 years$1,107$754$501$327$209$51
35 years$1,064$716$469$301$189$44
36 years$1,023$679$439$277$172$38
37 years$984$645$411$255$156$32
38 years$948$613$384$235$141$28
39 years$913$583$360$217$128$24
40 years$880$555$338$200$116$21
41 years$849$528$317$184$105$18
42 years$820$503$297$170$96$15
43 years$792$479$279$157$87$13
44 years$765$457$262$145$79$11
45 years$740$435$246$134$71$10
46 years$715$415$231$124$65$8
47 years$692$396$217$114$59$7
48 years$670$378$204$106$53$6
49 years$649$361$191$98$49$5
50 years$629$345$180$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $644,000, adding $4,554 every year, while hoping to spend $20,878 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: 50/23/27 Blend
52$644,000$644,000$644,000$644,000
53$714,385$680,253$670,271$744,452
54$765,039$691,372$670,512$777,031
55$820,159$702,335$670,060$809,971
56$880,180$713,114$668,871$845,363
57$945,578$723,677$666,898$883,448
58$1,016,879$733,989$664,091$924,494
59$1,094,660$744,014$660,398$968,797
60$1,179,558$753,713$655,764$1,016,681
61$1,272,273$763,045$650,132$1,068,507
62$1,373,575$771,965$643,442$1,124,671
63$1,484,313$780,425$635,631$1,185,614
64$1,605,422$788,374$626,633$1,251,818
65$1,737,929$795,759$616,380$1,323,818
66$1,882,968$802,521$604,799$1,402,204
67$2,041,786$808,600$591,814$1,487,629
68$2,215,756$813,929$577,348$1,580,810
69$2,406,390$818,439$561,317$1,682,541
70$2,615,356$822,055$543,634$1,793,699
71$2,844,486$824,700$524,210$1,915,249
72$3,095,802$826,289$502,949$2,048,259
73$3,371,529$826,732$479,753$2,193,907
74$3,674,119$825,936$454,519$2,353,490
75$4,006,272$823,800$427,139$2,528,444
76$4,370,963$820,217$397,499$2,720,349
77$4,771,467$815,074$365,481$2,930,950
78$5,211,395$808,252$330,963$3,162,174
79$5,694,723$799,621$293,816$3,416,145
80$6,225,831$789,049$253,905$3,695,206
81$6,809,545$776,391$211,090$4,001,942
82$7,451,181$761,496$165,223$4,339,207
83$8,156,596$744,204$116,153$4,710,144
84$8,932,243$724,345$63,719$5,118,226
85$9,785,232$701,738$7,753$5,567,278
86$10,723,396$676,194$0$6,061,523
87$11,755,365$647,509$0$6,620,589
88$12,890,647$615,473$0$7,237,996
89$14,139,720$579,857$0$7,917,225
90$15,514,126$540,425$0$8,664,578
91$17,026,584$496,923$0$9,487,003
92$18,691,109$449,086$0$10,392,157
93$20,523,141$396,630$0$11,388,478
94$22,539,695$339,259$0$12,485,270
95$24,759,519$276,657$0$13,692,786
96$27,203,268$208,492$0$15,022,328
97$29,893,706$134,412$0$16,486,351
98$32,855,913$54,048$0$18,098,586
99$36,117,527$0$0$19,874,166
100$39,709,000$0$0$21,838,120