Can I retire at age 53 with 646,000?

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 $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%11.1%
1 years$53,346$52,871$52,407$51,955$51,513$51,274
2 years$26,409$25,917$25,440$24,978$24,530$24,289
3 years$17,431$16,937$16,462$16,004$15,563$15,327
4 years$12,943$12,451$11,980$11,530$11,100$10,871
5 years$10,251$9,761$9,297$8,856$8,438$8,217
6 years$8,457$7,971$7,513$7,082$6,676$6,464
7 years$7,176$6,694$6,244$5,823$5,430$5,225
8 years$6,215$5,738$5,295$4,885$4,504$4,308
9 years$5,469$4,996$4,561$4,161$3,793$3,605
10 years$4,872$4,404$3,976$3,586$3,232$3,052
11 years$4,384$3,920$3,500$3,121$2,780$2,607
12 years$3,977$3,519$3,107$2,738$2,409$2,244
13 years$3,634$3,180$2,775$2,417$2,101$1,943
14 years$3,340$2,890$2,494$2,146$1,841$1,691
15 years$3,085$2,640$2,252$1,913$1,621$1,478
16 years$2,862$2,423$2,041$1,713$1,433$1,297
17 years$2,666$2,231$1,858$1,539$1,271$1,141
18 years$2,491$2,062$1,696$1,387$1,130$1,007
19 years$2,336$1,911$1,552$1,254$1,007$891
20 years$2,196$1,775$1,425$1,135$899$790
21 years$2,069$1,654$1,310$1,030$805$701
22 years$1,954$1,544$1,208$937$721$623
23 years$1,849$1,444$1,115$853$648$555
24 years$1,754$1,353$1,031$778$582$495
25 years$1,665$1,270$955$711$524$441
26 years$1,584$1,193$886$650$472$394
27 years$1,509$1,123$823$595$425$352
28 years$1,440$1,058$765$545$384$315
29 years$1,375$998$712$500$347$282
30 years$1,315$943$663$459$313$253
31 years$1,259$891$618$421$283$226
32 years$1,206$843$577$387$256$203
33 years$1,157$799$538$356$232$182
34 years$1,111$757$503$328$210$163
35 years$1,067$718$470$302$190$147
36 years$1,026$681$440$278$172$132
37 years$987$647$412$256$156$118
38 years$951$615$386$236$142$106
39 years$916$585$361$217$128$95
40 years$883$556$339$201$116$86
41 years$852$530$318$185$106$77
42 years$822$504$298$171$96$69
43 years$794$481$279$158$87$62
44 years$768$458$262$146$79$56
45 years$742$437$246$134$72$50
46 years$718$417$231$124$65$45
47 years$694$398$217$115$59$41
48 years$672$380$204$106$54$37
49 years$651$363$192$98$49$33
50 years$631$346$181$91$44$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $646,000, adding $2,597 every year, while hoping to spend $42,456 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: 59/34/7 Blend
52$646,000$646,000$646,000$646,000
53$714,571$680,333$670,320$755,529
54$742,284$668,496$647,603$771,472
55$771,401$654,657$622,702$783,779
56$802,021$638,671$595,498$796,134
57$834,249$620,389$565,870$808,544
58$868,203$599,649$533,688$821,018
59$904,010$576,281$498,816$833,570
60$941,807$550,107$461,114$846,213
61$981,746$520,937$420,436$858,970
62$1,023,990$488,569$376,627$871,862
63$1,068,720$452,791$329,527$884,921
64$1,116,131$413,380$278,967$898,181
65$1,166,437$370,096$224,774$911,685
66$1,219,874$322,691$166,763$925,483
67$1,276,696$270,898$104,745$939,632
68$1,337,185$214,438$38,520$954,201
69$1,401,647$153,014$0$969,269
70$1,470,418$86,315$0$987,329
71$1,543,866$14,010$0$1,009,311
72$1,622,396$0$0$1,032,475
73$1,706,449$0$0$1,081,012
74$1,796,510$0$0$1,138,671
75$1,893,111$0$0$1,200,554
76$1,996,836$0$0$1,267,039
77$2,108,327$0$0$1,338,543
78$2,228,285$0$0$1,415,522
79$2,357,484$0$0$1,498,476
80$2,496,771$0$0$1,587,957
81$2,647,079$0$0$1,684,569
82$2,809,430$0$0$1,788,977
83$2,984,951$0$0$1,901,911
84$3,174,876$0$0$2,024,173
85$3,380,567$0$0$2,156,646
86$3,603,515$0$0$2,300,301
87$3,845,366$0$0$2,456,205
88$4,107,926$0$0$2,625,531
89$4,393,182$0$0$2,809,570
90$4,703,322$0$0$3,009,743
91$5,040,749$0$0$3,227,611
92$5,408,112$0$0$3,464,895
93$5,808,321$0$0$3,723,485
94$6,244,582$0$0$4,005,465
95$6,720,422$0$0$4,313,125
96$7,239,722$0$0$4,648,989
97$7,806,757$0$0$5,015,832
98$8,426,229$0$0$5,416,711
99$9,103,318$0$0$5,854,993
100$9,843,724$0$0$6,334,380