Can I retire at age 53 with 637,000?

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 $637,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$52,603$52,134$51,677$51,231$50,795$50,098
2 years$26,041$25,556$25,086$24,630$24,188$23,487
3 years$17,188$16,701$16,232$15,781$15,346$14,663
4 years$12,763$12,277$11,813$11,369$10,945$10,285
5 years$10,108$9,625$9,167$8,733$8,320$7,685
6 years$8,339$7,860$7,409$6,984$6,583$5,974
7 years$7,076$6,601$6,157$5,742$5,354$4,771
8 years$6,129$5,658$5,221$4,816$4,442$3,884
9 years$5,393$4,926$4,497$4,103$3,741$3,209
10 years$4,804$4,342$3,921$3,536$3,187$2,680
11 years$4,323$3,866$3,452$3,078$2,741$2,259
12 years$3,922$3,470$3,063$2,700$2,375$1,918
13 years$3,583$3,136$2,737$2,383$2,071$1,637
14 years$3,293$2,850$2,459$2,116$1,816$1,405
15 years$3,042$2,604$2,220$1,887$1,599$1,210
16 years$2,822$2,389$2,013$1,689$1,413$1,045
17 years$2,629$2,200$1,832$1,518$1,253$906
18 years$2,457$2,033$1,672$1,368$1,114$787
19 years$2,303$1,884$1,531$1,236$993$685
20 years$2,165$1,751$1,405$1,120$887$598
21 years$2,040$1,631$1,292$1,016$794$522
22 years$1,927$1,522$1,191$924$711$456
23 years$1,824$1,424$1,100$841$639$400
24 years$1,729$1,334$1,017$767$574$350
25 years$1,642$1,252$942$701$516$307
26 years$1,562$1,177$874$641$465$270
27 years$1,488$1,107$811$586$419$237
28 years$1,420$1,043$754$537$378$208
29 years$1,356$984$702$493$342$183
30 years$1,297$930$654$452$309$161
31 years$1,241$879$609$415$279$142
32 years$1,189$831$569$382$253$125
33 years$1,141$787$531$351$229$110
34 years$1,095$746$496$323$207$97
35 years$1,052$708$464$297$187$85
36 years$1,012$672$434$274$170$75
37 years$974$638$406$252$154$66
38 years$937$606$380$233$140$58
39 years$903$577$356$214$127$52
40 years$871$549$334$198$115$45
41 years$840$522$313$182$104$40
42 years$811$497$294$168$94$35
43 years$783$474$276$155$86$31
44 years$757$452$259$144$78$28
45 years$732$431$243$133$71$24
46 years$708$411$228$122$64$21
47 years$685$392$214$113$58$19
48 years$663$374$201$105$53$17
49 years$642$357$189$97$48$15
50 years$622$341$178$89$44$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $637,000, adding $6,599 every year, while hoping to spend $36,260 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: 36/48/16 Blend
52$637,000$637,000$637,000$637,000
53$708,781$675,020$665,146$730,616
54$742,496$669,515$648,848$741,502
55$778,435$662,526$630,789$749,334
56$816,786$653,941$610,871$757,014
57$857,756$643,642$588,993$764,549
58$901,571$631,504$565,049$771,948
59$948,480$617,396$538,926$779,224
60$998,754$601,177$510,509$786,397
61$1,052,692$582,700$479,676$793,489
62$1,110,622$561,808$446,301$800,531
63$1,172,903$538,334$410,249$807,561
64$1,239,930$512,104$371,384$814,623
65$1,312,137$482,931$329,559$821,772
66$1,390,000$450,619$284,624$829,074
67$1,474,041$414,961$236,421$836,605
68$1,564,836$375,736$184,783$844,455
69$1,663,016$332,714$129,540$852,730
70$1,769,275$285,648$70,511$861,553
71$1,884,376$234,280$7,508$871,064
72$2,009,159$178,336$0$881,426
73$2,144,545$117,527$0$903,023
74$2,291,551$51,548$0$927,903
75$2,451,291$0$0$955,062
76$2,624,993$0$0$995,340
77$2,814,009$0$0$1,068,876
78$3,019,825$0$0$1,149,031
79$3,244,075$0$0$1,236,452
80$3,488,561$0$0$1,331,852
81$3,755,261$0$0$1,436,016
82$4,046,358$0$0$1,549,806
83$4,364,250$0$0$1,674,173
84$4,711,580$0$0$1,810,163
85$5,091,257$0$0$1,958,929
86$5,506,481$0$0$2,121,740
87$5,960,780$0$0$2,299,991
88$6,458,036$0$0$2,495,222
89$7,002,523$0$0$2,709,127
90$7,598,950$0$0$2,943,570
91$8,252,500$0$0$3,200,608
92$8,968,884$0$0$3,482,502
93$9,754,391$0$0$3,791,746
94$10,615,945$0$0$4,131,084
95$11,561,175$0$0$4,503,541
96$12,598,485$0$0$4,912,448
97$13,737,130$0$0$5,361,474
98$14,987,305$0$0$5,854,661
99$16,360,241$0$0$6,396,462
100$17,868,309$0$0$6,991,783