Can I retire at age 53 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$52,107$51,643$51,190$50,748$50,317$49,463
2 years$25,796$25,315$24,850$24,398$23,960$23,103
3 years$17,026$16,544$16,079$15,632$15,201$14,367
4 years$12,642$12,161$11,702$11,262$10,842$10,036
5 years$10,013$9,535$9,081$8,650$8,242$7,468
6 years$8,260$7,786$7,339$6,918$6,521$5,780
7 years$7,009$6,539$6,099$5,687$5,304$4,595
8 years$6,071$5,605$5,172$4,771$4,400$3,724
9 years$5,342$4,880$4,455$4,064$3,705$3,062
10 years$4,759$4,301$3,884$3,503$3,157$2,545
11 years$4,282$3,829$3,419$3,049$2,715$2,135
12 years$3,885$3,437$3,034$2,674$2,353$1,803
13 years$3,549$3,106$2,711$2,361$2,052$1,531
14 years$3,262$2,823$2,436$2,096$1,799$1,306
15 years$3,013$2,579$2,199$1,869$1,584$1,119
16 years$2,796$2,366$1,994$1,674$1,400$962
17 years$2,604$2,179$1,814$1,504$1,241$829
18 years$2,434$2,014$1,656$1,355$1,103$716
19 years$2,281$1,866$1,516$1,224$984$619
20 years$2,145$1,734$1,392$1,109$879$537
21 years$2,021$1,615$1,280$1,006$786$466
22 years$1,909$1,508$1,180$915$705$405
23 years$1,806$1,410$1,089$833$633$353
24 years$1,713$1,321$1,007$760$569$307
25 years$1,627$1,240$933$694$512$268
26 years$1,548$1,165$865$635$461$234
27 years$1,474$1,097$804$581$415$204
28 years$1,406$1,034$747$532$375$178
29 years$1,343$975$695$488$339$156
30 years$1,284$921$648$448$306$136
31 years$1,230$870$604$411$277$119
32 years$1,178$824$563$378$250$104
33 years$1,130$780$526$348$226$91
34 years$1,085$739$491$320$205$80
35 years$1,042$701$459$295$186$70
36 years$1,002$666$430$271$168$61
37 years$964$632$402$250$152$53
38 years$929$601$377$230$138$47
39 years$895$571$353$212$125$41
40 years$863$543$331$196$114$36
41 years$832$517$310$181$103$31
42 years$803$493$291$167$94$27
43 years$776$469$273$154$85$24
44 years$750$447$256$142$77$21
45 years$725$427$241$131$70$18
46 years$701$407$226$121$64$16
47 years$678$388$212$112$58$14
48 years$657$371$200$104$52$12
49 years$636$354$188$96$48$11
50 years$616$338$176$88$43$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $631,000, adding $2,642 every year, while hoping to spend $41,532 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: 86/5/9 Blend
52$631,000$631,000$631,000$631,000
53$698,087$664,644$654,864$757,110
54$725,102$653,022$632,612$784,405
55$753,481$639,438$608,223$808,449
56$783,319$623,753$581,581$833,560
57$814,719$605,819$552,565$859,816
58$847,794$585,478$521,050$887,306
59$882,666$562,564$486,903$916,125
60$919,471$536,902$449,986$946,377
61$958,353$508,306$410,157$978,178
62$999,471$476,579$367,263$1,011,654
63$1,042,999$441,514$321,149$1,046,944
64$1,089,127$402,890$271,649$1,084,202
65$1,138,062$360,476$218,594$1,123,596
66$1,190,031$314,025$161,803$1,165,311
67$1,245,280$263,279$101,090$1,209,552
68$1,304,082$207,963$36,260$1,256,542
69$1,366,733$147,788$0$1,306,530
70$1,433,558$82,447$0$1,362,948
71$1,504,913$11,619$0$1,426,858
72$1,581,187$0$0$1,495,124
73$1,662,809$0$0$1,571,713
74$1,750,247$0$0$1,654,448
75$1,844,015$0$0$1,743,179
76$1,944,678$0$0$1,838,439
77$2,052,854$0$0$1,940,816
78$2,169,224$0$0$2,050,954
79$2,294,533$0$0$2,169,558
80$2,429,601$0$0$2,297,407
81$2,575,329$0$0$2,435,353
82$2,732,705$0$0$2,584,333
83$2,902,816$0$0$2,745,378
84$3,086,857$0$0$2,919,618
85$3,286,140$0$0$3,108,298
86$3,502,110$0$0$3,312,787
87$3,736,353$0$0$3,534,587
88$3,990,615$0$0$3,775,355
89$4,266,817$0$0$4,036,907
90$4,567,070$0$0$4,321,247
91$4,893,697$0$0$4,630,576
92$5,249,255$0$0$4,967,316
93$5,636,556$0$0$5,334,133
94$6,058,696$0$0$5,733,960
95$6,519,082$0$0$6,170,025
96$7,021,462$0$0$6,645,881
97$7,569,965$0$0$7,165,441
98$8,169,133$0$0$7,733,008
99$8,823,967$0$0$8,353,322
100$9,539,974$0$0$9,031,603