Can I retire at age 53 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$53,594$53,116$52,651$52,196$51,752$49,956
2 years$26,532$26,037$25,559$25,094$24,644$22,853
3 years$17,512$17,016$16,538$16,078$15,635$13,905
4 years$13,003$12,508$12,035$11,583$11,151$9,496
5 years$10,299$9,807$9,340$8,897$8,477$6,901
6 years$8,496$8,008$7,548$7,115$6,707$5,211
7 years$7,209$6,725$6,273$5,850$5,455$4,039
8 years$6,244$5,765$5,320$4,907$4,525$3,188
9 years$5,494$5,019$4,582$4,180$3,811$2,551
10 years$4,895$4,424$3,994$3,603$3,247$2,062
11 years$4,404$3,939$3,517$3,136$2,793$1,680
12 years$3,996$3,535$3,121$2,750$2,420$1,378
13 years$3,651$3,195$2,788$2,428$2,110$1,135
14 years$3,355$2,904$2,505$2,156$1,850$939
15 years$3,099$2,653$2,262$1,922$1,629$779
16 years$2,875$2,434$2,051$1,721$1,440$649
17 years$2,678$2,241$1,866$1,547$1,276$541
18 years$2,503$2,071$1,704$1,394$1,135$452
19 years$2,346$1,920$1,560$1,259$1,012$378
20 years$2,206$1,784$1,431$1,141$904$317
21 years$2,079$1,661$1,317$1,035$809$266
22 years$1,963$1,551$1,213$941$725$223
23 years$1,858$1,451$1,120$857$651$187
24 years$1,762$1,359$1,036$782$585$158
25 years$1,673$1,275$960$714$526$132
26 years$1,592$1,199$890$653$474$111
27 years$1,516$1,128$826$598$427$94
28 years$1,446$1,063$768$547$386$79
29 years$1,382$1,003$715$502$348$66
30 years$1,321$947$666$461$315$56
31 years$1,265$895$621$423$284$47
32 years$1,212$847$579$389$257$40
33 years$1,162$802$541$358$233$33
34 years$1,116$760$505$329$211$28
35 years$1,072$721$472$303$191$24
36 years$1,031$685$442$279$173$20
37 years$992$650$414$257$157$17
38 years$955$618$387$237$142$14
39 years$920$588$363$218$129$12
40 years$887$559$340$201$117$10
41 years$856$532$319$186$106$9
42 years$826$507$299$172$96$7
43 years$798$483$281$158$87$6
44 years$771$460$264$146$79$5
45 years$745$439$247$135$72$4
46 years$721$419$232$125$65$4
47 years$698$400$218$115$59$3
48 years$675$381$205$106$54$3
49 years$654$364$193$98$49$2
50 years$634$348$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $649,000, adding $4,741 every year, while hoping to spend $26,220 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: 64/13/23 Blend
52$649,000$649,000$649,000$649,000
53$720,088$685,691$675,632$761,585
54$765,639$691,392$670,368$795,839
55$814,958$696,494$664,048$829,886
56$868,401$700,939$656,611$866,488
57$926,359$704,667$647,989$905,898
58$989,265$707,613$638,114$948,395
59$1,057,593$709,708$626,913$994,288
60$1,131,864$710,881$614,311$1,043,915
61$1,212,652$711,052$600,229$1,097,653
62$1,300,588$710,139$584,582$1,155,916
63$1,396,368$708,056$567,286$1,219,161
64$1,500,755$704,708$548,248$1,287,894
65$1,614,592$699,999$527,374$1,362,672
66$1,738,804$693,822$504,564$1,444,110
67$1,874,411$686,068$479,716$1,532,888
68$2,022,534$676,619$452,720$1,629,755
69$2,184,409$665,350$423,462$1,735,538
70$2,361,397$652,130$391,826$1,851,152
71$2,554,993$636,818$357,686$1,977,603
72$2,766,848$619,267$320,914$2,116,004
73$2,998,776$599,321$281,374$2,267,581
74$3,252,776$576,813$238,925$2,433,688
75$3,531,050$551,568$193,420$2,615,820
76$3,836,023$523,400$144,706$2,815,624
77$4,170,365$492,114$92,620$3,034,919
78$4,537,016$457,501$36,997$3,275,710
79$4,939,215$419,343$0$3,540,212
80$5,380,530$377,406$0$3,836,353
81$5,864,892$331,446$0$4,171,384
82$6,396,628$281,204$0$4,539,234
83$6,980,507$226,406$0$4,943,228
84$7,621,782$166,763$0$5,387,030
85$8,326,238$101,969$0$5,874,680
86$9,100,250$31,702$0$6,410,630
87$9,950,841$0$0$6,999,784
88$10,885,747$0$0$7,653,898
89$11,913,490$0$0$8,378,002
90$13,043,461$0$0$9,174,181
91$14,286,006$0$0$10,049,732
92$15,652,521$0$0$11,012,692
93$17,155,566$0$0$12,071,917
94$18,808,975$0$0$13,237,166
95$20,627,993$0$0$14,519,187
96$22,629,418$0$0$15,929,828
97$24,831,754$0$0$17,482,139
98$27,255,395$0$0$19,190,502
99$29,922,806$0$0$21,070,760
100$32,858,746$0$0$23,140,374