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%11%
1 years$53,263$52,789$52,326$51,874$51,433$51,216
2 years$26,368$25,877$25,401$24,940$24,492$24,273
3 years$17,404$16,911$16,436$15,979$15,539$15,325
4 years$12,923$12,431$11,961$11,512$11,082$10,875
5 years$10,235$9,746$9,282$8,842$8,425$8,224
6 years$8,444$7,959$7,502$7,071$6,666$6,473
7 years$7,165$6,684$6,234$5,814$5,421$5,235
8 years$6,206$5,729$5,287$4,877$4,498$4,319
9 years$5,460$4,988$4,554$4,154$3,788$3,616
10 years$4,864$4,397$3,970$3,581$3,227$3,063
11 years$4,377$3,914$3,495$3,116$2,775$2,618
12 years$3,971$3,513$3,102$2,734$2,405$2,255
13 years$3,628$3,175$2,771$2,413$2,097$1,954
14 years$3,334$2,886$2,490$2,142$1,839$1,702
15 years$3,080$2,636$2,248$1,911$1,619$1,489
16 years$2,858$2,419$2,038$1,711$1,431$1,307
17 years$2,662$2,228$1,855$1,537$1,269$1,151
18 years$2,488$2,058$1,693$1,385$1,128$1,016
19 years$2,332$1,908$1,550$1,252$1,005$899
20 years$2,192$1,773$1,422$1,134$898$798
21 years$2,066$1,651$1,308$1,029$804$709
22 years$1,951$1,541$1,206$935$720$631
23 years$1,847$1,442$1,113$852$647$562
24 years$1,751$1,351$1,030$777$581$501
25 years$1,663$1,268$954$710$523$448
26 years$1,582$1,191$885$649$471$400
27 years$1,507$1,121$821$594$425$358
28 years$1,438$1,056$764$544$383$320
29 years$1,373$997$711$499$346$287
30 years$1,313$941$662$458$313$257
31 years$1,257$890$617$421$283$231
32 years$1,204$842$576$387$256$207
33 years$1,155$797$538$355$231$186
34 years$1,109$756$502$327$210$167
35 years$1,065$717$470$301$190$150
36 years$1,024$680$439$277$172$135
37 years$986$646$411$255$156$121
38 years$949$614$385$235$141$109
39 years$915$584$361$217$128$98
40 years$882$556$338$200$116$88
41 years$851$529$317$185$105$79
42 years$821$504$297$171$96$71
43 years$793$480$279$157$87$64
44 years$766$457$262$145$79$58
45 years$741$436$246$134$72$52
46 years$717$416$231$124$65$47
47 years$693$397$217$115$59$42
48 years$671$379$204$106$54$38
49 years$650$362$192$98$49$34
50 years$630$346$180$90$44$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $645,000, adding $2,476 every year, while hoping to spend $31,848 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: 51/44/5 Blend
52$645,000$645,000$645,000$645,000
53$713,344$679,159$669,161$748,773
54$752,219$678,552$657,692$772,491
55$793,992$676,847$644,772$794,594
56$838,925$673,958$630,317$817,850
57$887,305$669,792$614,242$842,372
58$939,448$664,250$596,458$868,289
59$995,702$657,229$576,869$895,742
60$1,056,447$648,616$555,378$924,890
61$1,122,102$638,296$531,881$955,909
62$1,193,128$626,144$506,270$988,995
63$1,270,031$612,029$478,434$1,024,365
64$1,353,366$595,811$448,254$1,062,262
65$1,443,747$577,342$415,607$1,102,956
66$1,541,844$556,468$380,366$1,146,746
67$1,648,399$533,021$342,395$1,193,964
68$1,764,226$506,829$301,554$1,244,981
69$1,890,218$477,705$257,698$1,300,207
70$2,027,362$445,454$210,673$1,360,097
71$2,176,742$409,870$160,319$1,425,157
72$2,339,550$370,734$106,470$1,495,948
73$2,517,099$327,815$48,951$1,573,093
74$2,710,833$280,869$0$1,657,280
75$2,922,344$229,637$0$1,749,940
76$3,153,382$173,848$0$1,854,086
77$3,405,873$113,213$0$1,968,054
78$3,681,941$47,429$0$2,092,898
79$3,983,920$0$0$2,229,781
80$4,314,384$0$0$2,391,529
81$4,676,164$0$0$2,593,810
82$5,072,380$0$0$2,815,411
83$5,506,466$0$0$3,058,261
84$5,982,204$0$0$3,324,487
85$6,503,762$0$0$3,616,427
86$7,075,727$0$0$3,936,660
87$7,703,152$0$0$4,288,025
88$8,391,605$0$0$4,673,648
89$9,147,216$0$0$5,096,974
90$9,976,738$0$0$5,561,798
91$10,887,612$0$0$6,072,300
92$11,888,032$0$0$6,633,083
93$12,987,026$0$0$7,249,221
94$14,194,540$0$0$7,926,300
95$15,521,530$0$0$8,670,479
96$16,980,065$0$0$9,488,538
97$18,583,445$0$0$10,387,949
98$20,346,319$0$0$11,376,945
99$22,284,828$0$0$12,464,596
100$24,416,754$0$0$13,660,894