Can I retire at age 53 with 645,000?

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 $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%14.4%
1 years$53,263$52,789$52,326$51,874$51,433$50,498
2 years$26,368$25,877$25,401$24,940$24,492$23,553
3 years$17,404$16,911$16,436$15,979$15,539$14,626
4 years$12,923$12,431$11,961$11,512$11,082$10,202
5 years$10,235$9,746$9,282$8,842$8,425$7,579
6 years$8,444$7,959$7,502$7,071$6,666$5,857
7 years$7,165$6,684$6,234$5,814$5,421$4,648
8 years$6,206$5,729$5,287$4,877$4,498$3,761
9 years$5,460$4,988$4,554$4,154$3,788$3,086
10 years$4,864$4,397$3,970$3,581$3,227$2,561
11 years$4,377$3,914$3,495$3,116$2,775$2,144
12 years$3,971$3,513$3,102$2,734$2,405$1,807
13 years$3,628$3,175$2,771$2,413$2,097$1,531
14 years$3,334$2,886$2,490$2,142$1,839$1,304
15 years$3,080$2,636$2,248$1,911$1,619$1,115
16 years$2,858$2,419$2,038$1,711$1,431$956
17 years$2,662$2,228$1,855$1,537$1,269$822
18 years$2,488$2,058$1,693$1,385$1,128$709
19 years$2,332$1,908$1,550$1,252$1,005$612
20 years$2,192$1,773$1,422$1,134$898$529
21 years$2,066$1,651$1,308$1,029$804$458
22 years$1,951$1,541$1,206$935$720$398
23 years$1,847$1,442$1,113$852$647$345
24 years$1,751$1,351$1,030$777$581$300
25 years$1,663$1,268$954$710$523$261
26 years$1,582$1,191$885$649$471$227
27 years$1,507$1,121$821$594$425$198
28 years$1,438$1,056$764$544$383$172
29 years$1,373$997$711$499$346$150
30 years$1,313$941$662$458$313$131
31 years$1,257$890$617$421$283$114
32 years$1,204$842$576$387$256$100
33 years$1,155$797$538$355$231$87
34 years$1,109$756$502$327$210$76
35 years$1,065$717$470$301$190$66
36 years$1,024$680$439$277$172$58
37 years$986$646$411$255$156$50
38 years$949$614$385$235$141$44
39 years$915$584$361$217$128$38
40 years$882$556$338$200$116$34
41 years$851$529$317$185$105$29
42 years$821$504$297$171$96$26
43 years$793$480$279$157$87$22
44 years$766$457$262$145$79$20
45 years$741$436$246$134$72$17
46 years$717$416$231$124$65$15
47 years$693$397$217$115$59$13
48 years$671$379$204$106$54$11
49 years$650$362$192$98$49$10
50 years$630$346$180$90$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $645,000, adding $4,133 every year, while hoping to spend $28,637 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: 76/14/10 Blend
52$645,000$645,000$645,000$645,000
53$715,053$680,868$670,871$767,824
54$757,519$683,761$662,875$806,036
55$803,357$685,836$653,652$843,861
56$852,880$687,023$643,130$884,512
57$906,433$687,246$631,235$928,256
58$964,395$686,427$617,887$975,394
59$1,027,183$684,482$603,006$1,026,251
60$1,095,254$681,320$586,505$1,081,191
61$1,169,113$676,847$568,296$1,140,612
62$1,249,312$670,963$548,284$1,204,953
63$1,336,462$663,560$526,371$1,274,699
64$1,431,233$654,526$502,456$1,350,384
65$1,534,361$643,740$476,431$1,432,597
66$1,646,658$631,076$448,183$1,521,987
67$1,769,017$616,399$417,597$1,619,271
68$1,902,420$599,566$384,550$1,725,237
69$2,047,949$580,426$348,915$1,840,756
70$2,206,793$558,820$310,557$1,966,788
71$2,380,263$534,580$269,337$2,104,391
72$2,569,801$507,525$225,111$2,254,732
73$2,776,994$477,467$177,726$2,419,096
74$3,003,591$444,207$127,023$2,598,902
75$3,251,516$407,531$72,837$2,795,714
76$3,522,888$367,218$14,995$3,011,257
77$3,820,042$323,031$0$3,247,432
78$4,145,546$274,720$0$3,511,321
79$4,502,232$222,021$0$3,802,282
80$4,893,215$164,655$0$4,121,281
81$5,321,929$102,330$0$4,471,151
82$5,792,155$34,732$0$4,855,012
83$6,308,056$0$0$5,276,304
84$6,874,220$0$0$5,744,743
85$7,495,698$0$0$6,264,849
86$8,178,058$0$0$6,835,931
87$8,927,429$0$0$7,463,123
88$9,750,564$0$0$8,152,082
89$10,654,905$0$0$8,909,037
90$11,648,646$0$0$9,740,854
91$12,740,817$0$0$10,655,093
92$13,941,367$0$0$11,660,086
93$15,261,253$0$0$12,765,010
94$16,712,551$0$0$13,979,978
95$18,308,562$0$0$15,316,131
96$20,063,944$0$0$16,785,742
97$21,994,843$0$0$18,402,335
98$24,119,053$0$0$20,180,811
99$26,456,174$0$0$22,137,587
100$29,027,807$0$0$24,290,751