Can I retire at age 53 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$53,346$52,871$52,407$51,955$51,513$50,680
2 years$26,409$25,917$25,440$24,978$24,530$23,694
3 years$17,431$16,937$16,462$16,004$15,563$14,748
4 years$12,943$12,451$11,980$11,530$11,100$10,314
5 years$10,251$9,761$9,297$8,856$8,438$7,682
6 years$8,457$7,971$7,513$7,082$6,676$5,953
7 years$7,176$6,694$6,244$5,823$5,430$4,738
8 years$6,215$5,738$5,295$4,885$4,504$3,844
9 years$5,469$4,996$4,561$4,161$3,793$3,164
10 years$4,872$4,404$3,976$3,586$3,232$2,634
11 years$4,384$3,920$3,500$3,121$2,780$2,211
12 years$3,977$3,519$3,107$2,738$2,409$1,870
13 years$3,634$3,180$2,775$2,417$2,101$1,590
14 years$3,340$2,890$2,494$2,146$1,841$1,359
15 years$3,085$2,640$2,252$1,913$1,621$1,165
16 years$2,862$2,423$2,041$1,713$1,433$1,003
17 years$2,666$2,231$1,858$1,539$1,271$866
18 years$2,491$2,062$1,696$1,387$1,130$749
19 years$2,336$1,911$1,552$1,254$1,007$649
20 years$2,196$1,775$1,425$1,135$899$563
21 years$2,069$1,654$1,310$1,030$805$490
22 years$1,954$1,544$1,208$937$721$426
23 years$1,849$1,444$1,115$853$648$372
24 years$1,754$1,353$1,031$778$582$324
25 years$1,665$1,270$955$711$524$283
26 years$1,584$1,193$886$650$472$247
27 years$1,509$1,123$823$595$425$216
28 years$1,440$1,058$765$545$384$189
29 years$1,375$998$712$500$347$165
30 years$1,315$943$663$459$313$145
31 years$1,259$891$618$421$283$127
32 years$1,206$843$577$387$256$111
33 years$1,157$799$538$356$232$97
34 years$1,111$757$503$328$210$85
35 years$1,067$718$470$302$190$75
36 years$1,026$681$440$278$172$66
37 years$987$647$412$256$156$58
38 years$951$615$386$236$142$50
39 years$916$585$361$217$128$44
40 years$883$556$339$201$116$39
41 years$852$530$318$185$106$34
42 years$822$504$298$171$96$30
43 years$794$481$279$158$87$26
44 years$768$458$262$146$79$23
45 years$742$437$246$134$72$20
46 years$718$417$231$124$65$18
47 years$694$398$217$115$59$16
48 years$672$380$204$106$54$14
49 years$651$363$192$98$49$12
50 years$631$346$181$91$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $646,000, adding $3,060 every year, while hoping to spend $51,625 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: 32/44/24 Blend
52$646,000$646,000$646,000$646,000
53$715,048$680,810$670,797$732,578
54$733,055$659,241$638,341$724,537
55$751,167$634,885$603,066$711,040
56$769,343$607,551$564,825$695,459
57$787,531$577,037$523,462$677,644
58$805,676$543,128$478,815$657,435
59$823,713$505,599$430,713$634,664
60$841,568$464,210$378,979$609,152
61$859,162$418,710$323,428$580,705
62$876,399$368,830$263,866$549,121
63$893,178$314,288$200,091$514,183
64$909,380$254,787$131,892$475,660
65$924,876$190,011$59,050$433,305
66$939,519$119,626$0$386,857
67$953,145$43,283$0$340,821
68$965,571$0$0$306,563
69$976,594$0$0$287,764
70$985,986$0$0$289,293
71$993,494$0$0$290,101
72$998,836$0$0$290,087
73$1,001,699$0$0$289,139
74$1,001,735$0$0$287,133
75$998,558$0$0$283,929
76$991,738$0$0$279,376
77$980,799$0$0$273,302
78$965,213$0$0$265,520
79$944,395$0$0$255,821
80$917,697$0$0$243,974
81$884,401$0$0$229,724
82$843,710$0$0$212,787
83$794,746$0$0$192,851
84$736,535$0$0$169,570
85$667,998$0$0$142,561
86$587,946$0$0$111,402
87$495,060$0$0$75,625
88$387,885$0$0$34,714
89$264,811$0$0$0
90$124,061$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0