Can I retire at age 53 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,694$51,234$50,785$50,346$49,918$49,604
2 years$25,591$25,115$24,653$24,205$23,771$23,453
3 years$16,891$16,413$15,952$15,508$15,081$14,771
4 years$12,542$12,065$11,609$11,173$10,756$10,455
5 years$9,934$9,459$9,009$8,582$8,176$7,886
6 years$8,195$7,724$7,281$6,863$6,470$6,190
7 years$6,954$6,487$6,050$5,642$5,262$4,993
8 years$6,023$5,560$5,131$4,733$4,365$4,107
9 years$5,299$4,841$4,419$4,032$3,676$3,429
10 years$4,721$4,267$3,853$3,475$3,132$2,896
11 years$4,248$3,799$3,392$3,025$2,694$2,468
12 years$3,854$3,410$3,010$2,653$2,334$2,119
13 years$3,521$3,081$2,690$2,342$2,036$1,830
14 years$3,236$2,801$2,417$2,079$1,784$1,589
15 years$2,989$2,559$2,182$1,854$1,571$1,385
16 years$2,773$2,348$1,978$1,660$1,389$1,212
17 years$2,583$2,162$1,800$1,492$1,231$1,064
18 years$2,414$1,998$1,643$1,344$1,095$936
19 years$2,263$1,852$1,504$1,215$976$825
20 years$2,128$1,721$1,381$1,100$872$729
21 years$2,005$1,603$1,270$998$780$646
22 years$1,894$1,496$1,170$908$699$572
23 years$1,792$1,399$1,081$827$628$508
24 years$1,699$1,311$999$754$564$452
25 years$1,614$1,230$926$689$508$402
26 years$1,535$1,156$858$630$457$358
27 years$1,463$1,088$797$576$412$319
28 years$1,395$1,025$741$528$372$284
29 years$1,333$967$690$484$336$254
30 years$1,274$914$642$444$303$226
31 years$1,220$864$599$408$274$202
32 years$1,169$817$559$375$248$181
33 years$1,121$774$522$345$225$162
34 years$1,076$733$487$317$203$144
35 years$1,034$696$456$292$184$129
36 years$994$660$426$269$167$116
37 years$957$627$399$248$151$103
38 years$921$596$374$229$137$93
39 years$888$567$350$211$124$83
40 years$856$539$328$194$113$74
41 years$826$513$308$179$102$67
42 years$797$489$289$165$93$60
43 years$770$466$271$153$84$53
44 years$744$444$254$141$76$48
45 years$719$423$239$130$69$43
46 years$695$404$224$120$63$38
47 years$673$385$211$111$57$34
48 years$651$368$198$103$52$31
49 years$631$351$186$95$47$28
50 years$611$336$175$88$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $626,000, adding $6,549 every year, while hoping to spend $50,154 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: 61/12/27 Blend
52$626,000$626,000$626,000$626,000
53$696,607$663,429$653,726$733,684
54$714,298$642,574$622,263$738,808
55$732,112$619,016$588,064$738,405
56$750,009$592,569$550,986$736,894
57$767,943$563,038$510,877$734,178
58$785,861$530,215$467,580$730,151
59$803,705$493,881$420,929$724,701
60$821,405$453,804$370,753$717,705
61$838,886$409,738$316,870$709,030
62$856,061$361,424$259,095$698,533
63$872,834$308,589$197,229$686,060
64$889,096$250,942$131,069$671,445
65$904,725$188,179$60,401$654,507
66$919,583$119,976$0$635,052
67$933,517$45,992$0$617,194
68$946,358$0$0$615,232
69$957,913$0$0$616,076
70$967,970$0$0$621,959
71$976,292$0$0$626,648
72$982,615$0$0$629,965
73$986,645$0$0$631,711
74$988,056$0$0$631,667
75$986,486$0$0$629,586
76$981,531$0$0$625,199
77$972,745$0$0$618,203
78$959,632$0$0$608,264
79$941,644$0$0$595,011
80$918,170$0$0$578,036
81$888,538$0$0$556,882
82$851,999$0$0$531,047
83$807,728$0$0$499,974
84$754,809$0$0$463,047
85$692,230$0$0$419,583
86$618,872$0$0$368,829
87$533,496$0$0$309,951
88$434,734$0$0$242,028
89$321,073$0$0$164,041
90$190,842$0$0$74,866
91$42,193$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