Can I retire at age 53 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.1%
1 years$51,942$51,480$51,028$50,588$50,157$48,513
2 years$25,714$25,235$24,771$24,321$23,884$22,243
3 years$16,972$16,491$16,028$15,583$15,153$13,567
4 years$12,602$12,123$11,665$11,226$10,807$9,288
5 years$9,981$9,505$9,052$8,623$8,216$6,768
6 years$8,234$7,761$7,316$6,896$6,501$5,125
7 years$6,987$6,518$6,079$5,669$5,287$3,983
8 years$6,052$5,587$5,156$4,756$4,386$3,154
9 years$5,325$4,864$4,441$4,051$3,694$2,531
10 years$4,744$4,288$3,871$3,492$3,147$2,052
11 years$4,269$3,817$3,408$3,039$2,707$1,678
12 years$3,873$3,426$3,025$2,666$2,346$1,380
13 years$3,538$3,096$2,702$2,353$2,045$1,141
14 years$3,252$2,814$2,428$2,089$1,793$947
15 years$3,004$2,571$2,192$1,863$1,579$789
16 years$2,787$2,359$1,988$1,668$1,395$659
17 years$2,596$2,172$1,809$1,499$1,237$552
18 years$2,426$2,007$1,651$1,351$1,100$463
19 years$2,274$1,860$1,511$1,221$980$389
20 years$2,138$1,729$1,387$1,105$876$327
21 years$2,015$1,610$1,276$1,003$784$275
22 years$1,903$1,503$1,176$912$702$232
23 years$1,801$1,406$1,086$831$631$196
24 years$1,707$1,317$1,004$758$567$165
25 years$1,622$1,236$930$692$510$139
26 years$1,543$1,162$863$633$459$118
27 years$1,470$1,093$801$579$414$99
28 years$1,402$1,030$745$531$374$84
29 years$1,339$972$693$487$337$71
30 years$1,280$918$645$447$305$60
31 years$1,226$868$602$410$276$51
32 years$1,174$821$561$377$249$43
33 years$1,126$778$524$347$226$36
34 years$1,081$737$490$319$204$31
35 years$1,039$699$458$294$185$26
36 years$999$663$428$270$168$22
37 years$961$630$401$249$152$19
38 years$926$599$375$230$138$16
39 years$892$569$352$212$125$13
40 years$860$542$330$195$113$11
41 years$830$516$309$180$103$10
42 years$801$491$290$166$93$8
43 years$773$468$272$153$85$7
44 years$747$446$255$142$77$6
45 years$722$425$240$131$70$5
46 years$699$406$225$121$63$4
47 years$676$387$212$112$58$4
48 years$655$370$199$103$52$3
49 years$634$353$187$95$47$3
50 years$614$337$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $629,000, adding $6,347 every year, while hoping to spend $48,902 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: 55/20/25 Blend
52$629,000$629,000$629,000$629,000
53$699,705$666,368$656,618$733,063
54$719,043$646,989$626,584$737,309
55$738,716$625,021$593,904$736,301
56$758,704$600,286$558,439$734,189
57$778,987$572,595$520,042$730,881
58$799,540$541,748$478,560$726,283
59$820,334$507,535$433,832$720,289
60$841,335$469,731$385,693$712,791
61$862,503$428,101$333,966$703,669
62$883,795$382,394$278,470$692,797
63$905,158$332,347$219,015$680,040
64$926,534$277,682$155,401$665,251
65$947,854$218,102$87,421$648,276
66$969,044$153,298$14,859$628,946
67$990,018$82,941$0$607,083
68$1,010,677$6,683$0$599,186
69$1,030,914$0$0$593,673
70$1,050,606$0$0$603,109
71$1,069,614$0$0$613,569
72$1,087,783$0$0$623,488
73$1,104,942$0$0$632,759
74$1,120,896$0$0$641,266
75$1,135,430$0$0$648,874
76$1,148,303$0$0$655,438
77$1,159,247$0$0$660,794
78$1,167,962$0$0$664,758
79$1,174,115$0$0$667,129
80$1,177,338$0$0$667,680
81$1,177,218$0$0$666,162
82$1,173,299$0$0$662,295
83$1,165,075$0$0$655,772
84$1,151,983$0$0$646,250
85$1,133,400$0$0$633,350
86$1,108,635$0$0$616,651
87$1,076,922$0$0$595,688
88$1,037,413$0$0$569,945
89$989,170$0$0$538,852
90$931,153$0$0$501,776
91$862,212$0$0$458,020
92$781,076$0$0$406,809
93$686,339$0$0$347,291
94$576,444$0$0$278,520
95$449,673$0$0$199,452
96$304,126$0$0$108,933
97$137,704$0$0$5,689
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0