Can I retire at age 53 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$52,025$51,561$51,109$50,668$50,237$49,183
2 years$25,755$25,275$24,810$24,360$23,922$22,865
3 years$16,999$16,518$16,054$15,607$15,177$14,150
4 years$12,622$12,142$11,683$11,244$10,825$9,835
5 years$9,997$9,520$9,067$8,637$8,229$7,280
6 years$8,247$7,773$7,327$6,907$6,511$5,604
7 years$6,998$6,528$6,089$5,678$5,295$4,430
8 years$6,061$5,596$5,164$4,764$4,393$3,570
9 years$5,333$4,872$4,448$4,057$3,699$2,918
10 years$4,751$4,295$3,878$3,498$3,152$2,411
11 years$4,275$3,823$3,414$3,044$2,711$2,009
12 years$3,879$3,432$3,030$2,670$2,349$1,685
13 years$3,544$3,101$2,707$2,357$2,049$1,422
14 years$3,257$2,819$2,432$2,092$1,796$1,205
15 years$3,008$2,575$2,196$1,866$1,581$1,025
16 years$2,791$2,363$1,991$1,671$1,397$875
17 years$2,600$2,176$1,812$1,501$1,239$749
18 years$2,430$2,011$1,654$1,353$1,102$642
19 years$2,278$1,863$1,514$1,222$982$551
20 years$2,141$1,732$1,389$1,107$877$474
21 years$2,018$1,613$1,278$1,005$785$409
22 years$1,906$1,506$1,178$914$704$353
23 years$1,804$1,408$1,088$832$632$304
24 years$1,710$1,319$1,006$759$568$263
25 years$1,624$1,238$932$693$511$228
26 years$1,545$1,164$864$634$460$197
27 years$1,472$1,095$802$580$415$170
28 years$1,404$1,032$746$531$374$148
29 years$1,341$973$694$487$338$128
30 years$1,282$919$646$447$305$111
31 years$1,228$869$603$411$276$96
32 years$1,176$822$562$378$250$83
33 years$1,128$779$525$347$226$72
34 years$1,083$738$491$319$205$63
35 years$1,041$700$459$294$185$54
36 years$1,001$664$429$271$168$47
37 years$963$631$402$250$152$41
38 years$927$600$376$230$138$36
39 years$893$570$352$212$125$31
40 years$861$543$330$196$114$27
41 years$831$517$310$180$103$23
42 years$802$492$290$167$93$20
43 years$775$469$273$154$85$18
44 years$749$447$256$142$77$15
45 years$724$426$240$131$70$13
46 years$700$406$226$121$63$12
47 years$677$388$212$112$58$10
48 years$656$370$199$103$52$9
49 years$635$354$187$96$48$8
50 years$615$338$176$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $630,000, adding $6,089 every year, while hoping to spend $31,297 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: 39/31/30 Blend
52$630,000$630,000$630,000$630,000
53$700,541$667,151$657,386$721,443
54$738,696$666,541$646,108$736,721
55$779,695$664,853$633,404$749,921
56$823,793$662,000$619,193$763,610
57$871,273$657,892$603,389$777,852
58$922,445$652,430$585,904$792,723
59$977,648$645,514$566,647$808,306
60$1,037,258$637,034$545,519$824,696
61$1,101,685$626,875$522,420$842,002
62$1,171,379$614,914$497,244$860,345
63$1,246,839$601,024$469,880$879,862
64$1,328,608$585,066$440,213$900,707
65$1,417,288$566,895$408,122$923,054
66$1,513,537$546,359$373,480$947,098
67$1,618,082$523,295$336,156$973,055
68$1,731,721$497,531$296,012$1,001,172
69$1,855,332$468,885$252,903$1,031,722
70$1,989,880$437,166$206,680$1,065,010
71$2,136,430$402,169$157,186$1,101,380
72$2,296,151$363,680$104,256$1,141,213
73$2,470,330$321,472$47,721$1,184,936
74$2,660,384$275,304$0$1,233,025
75$2,867,874$224,925$0$1,290,048
76$3,094,515$170,064$0$1,369,121
77$3,342,199$110,441$0$1,455,673
78$3,613,005$45,755$0$1,550,500
79$3,909,226$0$0$1,654,485
80$4,233,384$0$0$1,776,895
81$4,588,257$0$0$1,928,072
82$4,976,903$0$0$2,093,723
83$5,402,691$0$0$2,275,293
84$5,869,332$0$0$2,474,375
85$6,380,910$0$0$2,692,725
86$6,941,925$0$0$2,932,274
87$7,557,334$0$0$3,195,151
88$8,232,596$0$0$3,483,700
89$8,973,724$0$0$3,800,505
90$9,787,341$0$0$4,148,410
91$10,680,743$0$0$4,530,550
92$11,661,968$0$0$4,950,376
93$12,739,869$0$0$5,411,693
94$13,924,200$0$0$5,918,690
95$15,225,705$0$0$6,475,983
96$16,656,224$0$0$7,088,658
97$18,228,796$0$0$7,762,318
98$19,957,790$0$0$8,503,135
99$21,859,036$0$0$9,317,911
100$23,949,974$0$0$10,214,140