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%11.8%
1 years$53,346$52,871$52,407$51,955$51,513$51,124
2 years$26,409$25,917$25,440$24,978$24,530$24,138
3 years$17,431$16,937$16,462$16,004$15,563$15,180
4 years$12,943$12,451$11,980$11,530$11,100$10,728
5 years$10,251$9,761$9,297$8,856$8,438$8,079
6 years$8,457$7,971$7,513$7,082$6,676$6,332
7 years$7,176$6,694$6,244$5,823$5,430$5,099
8 years$6,215$5,738$5,295$4,885$4,504$4,187
9 years$5,469$4,996$4,561$4,161$3,793$3,489
10 years$4,872$4,404$3,976$3,586$3,232$2,942
11 years$4,384$3,920$3,500$3,121$2,780$2,502
12 years$3,977$3,519$3,107$2,738$2,409$2,144
13 years$3,634$3,180$2,775$2,417$2,101$1,849
14 years$3,340$2,890$2,494$2,146$1,841$1,602
15 years$3,085$2,640$2,252$1,913$1,621$1,394
16 years$2,862$2,423$2,041$1,713$1,433$1,217
17 years$2,666$2,231$1,858$1,539$1,271$1,066
18 years$2,491$2,062$1,696$1,387$1,130$936
19 years$2,336$1,911$1,552$1,254$1,007$824
20 years$2,196$1,775$1,425$1,135$899$726
21 years$2,069$1,654$1,310$1,030$805$641
22 years$1,954$1,544$1,208$937$721$567
23 years$1,849$1,444$1,115$853$648$502
24 years$1,754$1,353$1,031$778$582$445
25 years$1,665$1,270$955$711$524$395
26 years$1,584$1,193$886$650$472$351
27 years$1,509$1,123$823$595$425$312
28 years$1,440$1,058$765$545$384$278
29 years$1,375$998$712$500$347$247
30 years$1,315$943$663$459$313$220
31 years$1,259$891$618$421$283$196
32 years$1,206$843$577$387$256$175
33 years$1,157$799$538$356$232$156
34 years$1,111$757$503$328$210$139
35 years$1,067$718$470$302$190$124
36 years$1,026$681$440$278$172$111
37 years$987$647$412$256$156$99
38 years$951$615$386$236$142$88
39 years$916$585$361$217$128$79
40 years$883$556$339$201$116$70
41 years$852$530$318$185$106$63
42 years$822$504$298$171$96$56
43 years$794$481$279$158$87$50
44 years$768$458$262$146$79$45
45 years$742$437$246$134$72$40
46 years$718$417$231$124$65$36
47 years$694$398$217$115$59$32
48 years$672$380$204$106$54$29
49 years$651$363$192$98$49$26
50 years$631$346$181$91$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $646,000, adding $2,734 every year, while hoping to spend $35,902 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: 62/30/8 Blend
52$646,000$646,000$646,000$646,000
53$714,712$680,474$670,461$757,671
54$749,413$675,618$654,722$781,858
55$786,451$669,320$637,253$803,834
56$826,025$661,473$617,957$826,908
57$868,355$651,961$596,734$851,185
58$913,683$640,663$573,480$876,783
59$962,271$627,448$548,084$903,832
60$1,014,411$612,181$520,433$932,478
61$1,070,419$594,716$490,406$962,883
62$1,130,645$574,901$457,878$995,227
63$1,195,472$552,572$422,718$1,029,710
64$1,265,321$527,559$384,790$1,066,554
65$1,340,654$499,679$343,950$1,106,007
66$1,421,977$468,740$300,050$1,148,341
67$1,509,851$434,540$252,933$1,193,861
68$1,604,886$396,863$202,437$1,242,907
69$1,707,758$355,483$148,391$1,295,851
70$1,819,206$310,158$90,620$1,353,112
71$1,940,045$260,637$28,936$1,415,149
72$2,071,172$206,650$0$1,482,475
73$2,213,571$147,915$0$1,558,807
74$2,368,325$84,133$0$1,644,465
75$2,536,627$14,988$0$1,737,691
76$2,719,787$0$0$1,839,276
77$2,919,250$0$0$1,969,855
78$3,136,602$0$0$2,117,580
79$3,373,590$0$0$2,278,698
80$3,632,139$0$0$2,454,522
81$3,914,365$0$0$2,646,496
82$4,222,598$0$0$2,856,212
83$4,559,403$0$0$3,085,423
84$4,927,605$0$0$3,336,056
85$5,330,312$0$0$3,610,235
86$5,770,948$0$0$3,910,298
87$6,253,282$0$0$4,238,820
88$6,781,466$0$0$4,598,636
89$7,360,071$0$0$4,992,868
90$7,994,131$0$0$5,424,955
91$8,689,190$0$0$5,898,683
92$9,451,354$0$0$6,418,223
93$10,287,349$0$0$6,988,169
94$11,204,582$0$0$7,613,582
95$12,211,212$0$0$8,300,034
96$13,316,227$0$0$9,053,665
97$14,529,527$0$0$9,881,238
98$15,862,017$0$0$10,790,202
99$17,325,712$0$0$11,788,765
100$18,933,845$0$0$12,885,967