Can I retire at age 53 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$52,768$52,298$51,839$51,392$50,955$50,381
2 years$26,123$25,636$25,165$24,708$24,264$23,686
3 years$17,242$16,754$16,283$15,830$15,394$14,830
4 years$12,803$12,316$11,850$11,405$10,979$10,434
5 years$10,140$9,656$9,196$8,760$8,346$7,821
6 years$8,365$7,885$7,432$7,005$6,604$6,099
7 years$7,098$6,621$6,176$5,760$5,371$4,887
8 years$6,148$5,676$5,238$4,832$4,456$3,993
9 years$5,410$4,942$4,511$4,115$3,752$3,310
10 years$4,819$4,356$3,933$3,548$3,197$2,775
11 years$4,336$3,878$3,463$3,087$2,750$2,348
12 years$3,934$3,481$3,073$2,708$2,383$2,000
13 years$3,594$3,145$2,745$2,391$2,078$1,715
14 years$3,303$2,859$2,467$2,122$1,821$1,477
15 years$3,051$2,612$2,227$1,893$1,604$1,277
16 years$2,831$2,396$2,019$1,695$1,417$1,108
17 years$2,637$2,207$1,837$1,523$1,257$965
18 years$2,464$2,039$1,677$1,372$1,117$842
19 years$2,310$1,890$1,536$1,240$996$736
20 years$2,172$1,756$1,409$1,123$890$645
21 years$2,047$1,636$1,296$1,019$796$566
22 years$1,933$1,527$1,195$927$714$497
23 years$1,829$1,428$1,103$844$641$437
24 years$1,735$1,338$1,020$770$576$385
25 years$1,647$1,256$945$703$518$339
26 years$1,567$1,180$876$643$467$299
27 years$1,493$1,111$814$588$421$264
28 years$1,424$1,047$756$539$380$233
29 years$1,360$987$704$494$343$206
30 years$1,301$932$656$454$310$182
31 years$1,245$882$611$417$280$161
32 years$1,193$834$570$383$253$143
33 years$1,144$790$533$352$229$126
34 years$1,099$749$498$324$208$112
35 years$1,055$710$465$298$188$99
36 years$1,015$674$435$275$170$88
37 years$977$640$407$253$154$78
38 years$940$608$381$233$140$69
39 years$906$578$357$215$127$61
40 years$874$550$335$198$115$54
41 years$843$524$314$183$104$48
42 years$814$499$295$169$95$42
43 years$786$475$276$156$86$38
44 years$759$453$260$144$78$33
45 years$734$432$244$133$71$30
46 years$710$412$229$123$64$26
47 years$687$393$215$113$58$23
48 years$665$376$202$105$53$21
49 years$644$359$190$97$48$18
50 years$624$343$179$90$44$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $639,000, adding $6,773 every year, while hoping to spend $48,877 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: 60/17/23 Blend
52$639,000$639,000$639,000$639,000
53$711,164$677,297$667,393$749,107
54$731,698$658,480$637,746$756,838
55$752,689$637,103$605,467$759,358
56$774,130$612,988$570,418$761,034
57$796,016$585,949$532,451$761,793
58$818,336$555,787$491,415$761,556
59$841,078$522,293$447,149$760,241
60$864,227$485,244$399,488$757,759
61$887,764$444,407$348,256$754,014
62$911,667$399,533$293,274$748,903
63$935,908$350,361$234,349$742,318
64$960,456$296,614$171,285$734,141
65$985,274$238,000$103,875$724,247
66$1,010,320$174,210$31,902$712,501
67$1,035,543$104,917$0$698,759
68$1,060,887$29,777$0$693,886
69$1,086,288$0$0$695,768
70$1,111,671$0$0$706,097
71$1,136,953$0$0$721,902
72$1,162,038$0$0$737,548
73$1,186,818$0$0$752,963
74$1,211,173$0$0$768,066
75$1,234,967$0$0$782,766
76$1,258,045$0$0$796,961
77$1,280,236$0$0$810,536
78$1,301,348$0$0$823,362
79$1,321,165$0$0$835,297
80$1,339,446$0$0$846,179
81$1,355,923$0$0$855,830
82$1,370,295$0$0$864,051
83$1,382,230$0$0$870,620
84$1,391,355$0$0$875,289
85$1,397,258$0$0$877,785
86$1,399,478$0$0$877,801
87$1,397,505$0$0$874,999
88$1,390,772$0$0$869,003
89$1,378,650$0$0$859,395
90$1,360,442$0$0$845,712
91$1,335,372$0$0$827,441
92$1,302,585$0$0$804,014
93$1,261,131$0$0$774,801
94$1,209,957$0$0$739,104
95$1,147,899$0$0$696,152
96$1,073,669$0$0$645,092
97$985,841$0$0$584,978
98$882,838$0$0$514,767
99$762,917$0$0$433,303
100$624,150$0$0$339,309