Can I retire at age 53 with 645,000?

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 $645,000?

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$53,263$52,789$52,326$51,874$51,433$49,927
2 years$26,368$25,877$25,401$24,940$24,492$22,987
3 years$17,404$16,911$16,436$15,979$15,539$14,081
4 years$12,923$12,431$11,961$11,512$11,082$9,684
5 years$10,235$9,746$9,282$8,842$8,425$7,090
6 years$8,444$7,959$7,502$7,071$6,666$5,396
7 years$7,165$6,684$6,234$5,814$5,421$4,215
8 years$6,206$5,729$5,287$4,877$4,498$3,355
9 years$5,460$4,988$4,554$4,154$3,788$2,707
10 years$4,864$4,397$3,970$3,581$3,227$2,208
11 years$4,377$3,914$3,495$3,116$2,775$1,815
12 years$3,971$3,513$3,102$2,734$2,405$1,502
13 years$3,628$3,175$2,771$2,413$2,097$1,250
14 years$3,334$2,886$2,490$2,142$1,839$1,044
15 years$3,080$2,636$2,248$1,911$1,619$875
16 years$2,858$2,419$2,038$1,711$1,431$736
17 years$2,662$2,228$1,855$1,537$1,269$620
18 years$2,488$2,058$1,693$1,385$1,128$523
19 years$2,332$1,908$1,550$1,252$1,005$443
20 years$2,192$1,773$1,422$1,134$898$375
21 years$2,066$1,651$1,308$1,029$804$318
22 years$1,951$1,541$1,206$935$720$270
23 years$1,847$1,442$1,113$852$647$229
24 years$1,751$1,351$1,030$777$581$195
25 years$1,663$1,268$954$710$523$166
26 years$1,582$1,191$885$649$471$141
27 years$1,507$1,121$821$594$425$120
28 years$1,438$1,056$764$544$383$102
29 years$1,373$997$711$499$346$87
30 years$1,313$941$662$458$313$74
31 years$1,257$890$617$421$283$63
32 years$1,204$842$576$387$256$54
33 years$1,155$797$538$355$231$46
34 years$1,109$756$502$327$210$39
35 years$1,065$717$470$301$190$33
36 years$1,024$680$439$277$172$28
37 years$986$646$411$255$156$24
38 years$949$614$385$235$141$21
39 years$915$584$361$217$128$18
40 years$882$556$338$200$116$15
41 years$851$529$317$185$105$13
42 years$821$504$297$171$96$11
43 years$793$480$279$157$87$9
44 years$766$457$262$145$79$8
45 years$741$436$246$134$72$7
46 years$717$416$231$124$65$6
47 years$693$397$217$115$59$5
48 years$671$379$204$106$54$4
49 years$650$362$192$98$49$4
50 years$630$346$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 $645,000, adding $4,748 every year, while hoping to spend $21,795 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: 66/20/14 Blend
52$645,000$645,000$645,000$645,000
53$715,688$681,503$671,505$760,273
54$765,498$691,706$670,811$800,839
55$819,659$701,680$669,363$842,174
56$878,590$711,389$667,113$886,809
57$942,755$720,796$664,010$935,066
58$1,012,664$729,862$660,002$987,299
59$1,088,876$738,546$655,032$1,043,900
60$1,172,009$746,802$649,043$1,105,300
61$1,262,741$754,583$641,974$1,171,973
62$1,361,821$761,837$633,760$1,244,443
63$1,470,070$768,511$624,335$1,323,288
64$1,588,396$774,546$613,628$1,409,145
65$1,717,794$779,881$601,567$1,502,714
66$1,859,364$784,450$588,074$1,604,771
67$2,014,313$788,183$573,069$1,716,168
68$2,183,975$791,005$556,468$1,837,846
69$2,369,814$792,838$538,184$1,970,841
70$2,573,446$793,598$518,124$2,116,299
71$2,796,648$793,195$496,192$2,275,479
72$3,041,380$791,535$472,287$2,449,771
73$3,309,797$788,517$446,306$2,640,708
74$3,604,276$784,034$418,137$2,849,981
75$3,927,434$777,973$387,666$3,079,450
76$4,282,153$770,215$354,773$3,331,172
77$4,671,608$760,630$319,334$3,607,410
78$5,099,296$749,086$281,216$3,910,661
79$5,569,072$735,438$240,283$4,243,678
80$6,085,178$719,535$196,394$4,609,495
81$6,652,290$701,217$149,398$5,011,459
82$7,275,561$680,314$99,140$5,453,257
83$7,960,665$656,646$45,457$5,938,956
84$8,713,853$630,022$0$6,473,039
85$9,542,015$600,242$0$7,062,215
86$10,452,738$567,091$0$7,717,527
87$11,454,385$530,346$0$8,438,212
88$12,556,167$489,768$0$9,230,919
89$13,768,233$445,104$0$10,102,977
90$15,101,768$396,089$0$11,062,464
91$16,569,092$342,441$0$12,118,282
92$18,183,782$283,863$0$13,280,244
93$19,960,796$220,041$0$14,559,163
94$21,916,618$150,644$0$15,966,958
95$24,069,408$75,320$0$17,516,763
96$26,439,177$0$0$19,223,056
97$29,047,975$0$0$21,103,178
98$31,920,098$0$0$23,191,375
99$35,082,319$0$0$25,490,542
100$38,564,137$0$0$28,022,133