Can I retire at age 53 with 625,000?

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 $625,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$51,612$51,152$50,704$50,266$49,838$48,872
2 years$25,550$25,075$24,613$24,166$23,733$22,763
3 years$16,864$16,387$15,927$15,484$15,057$14,114
4 years$12,522$12,046$11,590$11,155$10,739$9,830
5 years$9,918$9,444$8,995$8,568$8,163$7,292
6 years$8,182$7,712$7,269$6,852$6,459$5,625
7 years$6,942$6,476$6,041$5,633$5,253$4,457
8 years$6,013$5,551$5,123$4,726$4,358$3,600
9 years$5,291$4,834$4,412$4,025$3,670$2,949
10 years$4,714$4,261$3,847$3,470$3,127$2,443
11 years$4,241$3,793$3,387$3,020$2,689$2,041
12 years$3,848$3,404$3,006$2,649$2,331$1,717
13 years$3,516$3,076$2,685$2,338$2,032$1,452
14 years$3,231$2,796$2,413$2,076$1,782$1,234
15 years$2,984$2,555$2,178$1,851$1,569$1,053
16 years$2,769$2,344$1,975$1,658$1,386$901
17 years$2,579$2,159$1,797$1,489$1,229$773
18 years$2,410$1,995$1,641$1,342$1,093$665
19 years$2,260$1,849$1,502$1,213$974$573
20 years$2,124$1,718$1,378$1,098$870$494
21 years$2,002$1,600$1,268$997$779$427
22 years$1,891$1,494$1,168$906$698$370
23 years$1,789$1,397$1,079$825$627$320
24 years$1,697$1,309$998$753$563$278
25 years$1,611$1,228$924$688$507$241
26 years$1,533$1,154$857$629$456$209
27 years$1,460$1,086$796$575$412$182
28 years$1,393$1,024$740$527$371$158
29 years$1,330$966$689$483$335$137
30 years$1,272$912$641$444$303$119
31 years$1,218$862$598$408$274$104
32 years$1,167$816$558$375$248$90
33 years$1,119$773$521$344$224$79
34 years$1,074$732$487$317$203$68
35 years$1,032$695$455$292$184$60
36 years$993$659$426$269$167$52
37 years$955$626$398$248$151$45
38 years$920$595$373$228$137$39
39 years$886$566$350$210$124$34
40 years$854$538$328$194$113$30
41 years$824$512$307$179$102$26
42 years$796$488$288$165$93$23
43 years$768$465$270$153$84$20
44 years$743$443$254$141$76$17
45 years$718$423$238$130$69$15
46 years$694$403$224$120$63$13
47 years$672$385$210$111$57$11
48 years$650$367$198$103$52$10
49 years$630$351$186$95$47$9
50 years$610$335$175$88$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $625,000, adding $2,407 every year, while hoping to spend $27,816 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: 52/19/29 Blend
52$625,000$625,000$625,000$625,000
53$691,233$658,108$648,420$721,434
54$732,143$660,759$640,546$745,357
55$776,293$662,608$631,476$768,374
56$823,985$663,586$621,141$792,870
57$875,549$663,620$609,467$818,998
58$931,350$662,632$596,379$846,929
59$991,788$660,541$581,798$876,850
60$1,057,301$657,258$565,639$908,973
61$1,128,374$652,692$547,816$943,530
62$1,205,537$646,743$528,237$980,777
63$1,289,377$639,308$506,808$1,021,003
64$1,380,536$630,277$483,428$1,064,522
65$1,479,722$619,532$457,994$1,111,686
66$1,587,713$606,948$430,397$1,162,885
67$1,705,367$592,396$400,522$1,218,548
68$1,833,626$575,735$368,252$1,279,154
69$1,973,529$556,819$333,461$1,345,230
70$2,126,217$535,492$296,020$1,417,361
71$2,292,948$511,588$255,794$1,496,195
72$2,475,107$484,933$212,641$1,582,446
73$2,674,216$455,343$166,412$1,676,908
74$2,891,953$422,623$116,955$1,780,457
75$3,130,167$386,565$64,107$1,894,062
76$3,390,890$346,953$7,701$2,018,794
77$3,676,362$303,555$0$2,155,840
78$3,989,050$256,129$0$2,322,751
79$4,331,670$204,415$0$2,508,333
80$4,707,212$148,144$0$2,711,857
81$5,118,972$87,027$0$2,935,156
82$5,570,578$20,762$0$3,180,246
83$6,066,025$0$0$3,449,354
84$6,609,717$0$0$3,755,592
85$7,206,501$0$0$4,096,564
86$7,861,719$0$0$4,470,989
87$8,581,254$0$0$4,882,238
88$9,371,588$0$0$5,334,022
89$10,239,859$0$0$5,830,434
90$11,193,934$0$0$6,375,978
91$12,242,476$0$0$6,975,620
92$13,395,034$0$0$7,634,827
93$14,662,122$0$0$8,359,626
94$16,055,329$0$0$9,156,655
95$17,587,419$0$0$10,033,228
96$19,272,458$0$0$10,997,402
97$21,125,940$0$0$12,058,058
98$23,164,941$0$0$13,224,976
99$25,408,270$0$0$14,508,936
100$27,876,655$0$0$15,921,812