Can I retire at age 53 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$52,933$52,462$52,002$51,553$51,114$49,261
2 years$26,205$25,717$25,244$24,785$24,340$22,494
3 years$17,296$16,806$16,334$15,880$15,442$13,661
4 years$12,843$12,354$11,887$11,441$11,014$9,310
5 years$10,172$9,686$9,225$8,787$8,372$6,751
6 years$8,391$7,909$7,455$7,027$6,625$5,087
7 years$7,120$6,642$6,195$5,778$5,388$3,934
8 years$6,167$5,694$5,254$4,847$4,470$3,098
9 years$5,426$4,957$4,525$4,128$3,764$2,473
10 years$4,834$4,370$3,945$3,559$3,207$1,994
11 years$4,350$3,890$3,473$3,097$2,758$1,620
12 years$3,947$3,491$3,083$2,717$2,390$1,325
13 years$3,606$3,155$2,754$2,398$2,084$1,089
14 years$3,314$2,868$2,474$2,129$1,827$898
15 years$3,061$2,620$2,234$1,899$1,609$743
16 years$2,840$2,404$2,026$1,700$1,422$617
17 years$2,645$2,214$1,843$1,527$1,261$513
18 years$2,472$2,046$1,683$1,377$1,121$427
19 years$2,318$1,896$1,540$1,244$999$357
20 years$2,179$1,762$1,414$1,127$892$298
21 years$2,053$1,641$1,300$1,022$799$249
22 years$1,939$1,532$1,198$930$716$208
23 years$1,835$1,433$1,107$847$643$174
24 years$1,740$1,342$1,023$772$578$146
25 years$1,653$1,260$948$705$520$123
26 years$1,572$1,184$879$645$468$103
27 years$1,498$1,114$816$590$422$86
28 years$1,429$1,050$759$541$381$72
29 years$1,365$990$706$496$344$61
30 years$1,305$935$658$455$311$51
31 years$1,249$884$613$418$281$43
32 years$1,197$837$572$384$254$36
33 years$1,148$792$534$353$230$30
34 years$1,102$751$499$325$208$25
35 years$1,059$712$467$299$189$21
36 years$1,018$676$437$276$171$18
37 years$980$642$409$254$155$15
38 years$943$610$383$234$140$13
39 years$909$580$358$216$127$11
40 years$876$552$336$199$115$9
41 years$845$526$315$184$105$7
42 years$816$500$296$169$95$6
43 years$788$477$277$156$86$5
44 years$762$455$260$144$78$4
45 years$736$433$244$133$71$4
46 years$712$414$230$123$65$3
47 years$689$395$216$114$59$3
48 years$667$377$203$105$53$2
49 years$646$360$191$97$48$2
50 years$626$344$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $641,000, adding $4,664 every year, while hoping to spend $36,730 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: 38/46/16 Blend
52$641,000$641,000$641,000$641,000
53$711,193$677,220$667,284$734,626
54$744,654$671,323$650,558$745,953
55$780,297$663,907$632,040$754,320
56$818,306$654,857$611,632$762,580
57$858,883$644,054$589,231$770,742
58$902,247$631,370$564,728$778,819
59$948,640$616,671$538,011$786,829
60$998,328$599,815$508,961$794,794
61$1,051,601$580,650$477,455$802,744
62$1,108,779$559,016$443,364$810,713
63$1,170,211$534,745$406,553$818,745
64$1,236,282$507,656$366,882$826,890
65$1,307,413$477,562$324,203$835,210
66$1,384,068$444,262$278,363$843,776
67$1,466,756$407,543$229,201$852,674
68$1,556,036$367,184$176,550$862,002
69$1,652,522$322,946$120,235$871,875
70$1,756,889$274,580$60,073$882,423
71$1,869,880$221,823$0$893,801
72$1,992,310$164,395$0$906,886
73$2,125,077$102,001$0$932,163
74$2,269,166$34,331$0$959,630
75$2,425,664$0$0$989,581
76$2,595,763$0$0$1,042,061
77$2,780,778$0$0$1,118,122
78$2,982,151$0$0$1,200,989
79$3,201,473$0$0$1,291,326
80$3,440,492$0$0$1,389,864
81$3,701,135$0$0$1,497,408
82$3,985,519$0$0$1,614,844
83$4,295,976$0$0$1,743,146
84$4,635,074$0$0$1,883,388
85$5,005,639$0$0$2,036,751
86$5,410,782$0$0$2,204,537
87$5,853,928$0$0$2,388,179
88$6,338,849$0$0$2,589,253
89$6,869,698$0$0$2,809,498
90$7,451,049$0$0$3,050,826
91$8,087,939$0$0$3,315,344
92$8,785,912$0$0$3,605,373
93$9,551,079$0$0$3,923,469
94$10,390,166$0$0$4,272,447
95$11,310,584$0$0$4,655,407
96$12,320,494$0$0$5,075,765
97$13,428,886$0$0$5,537,283
98$14,645,663$0$0$6,044,106
99$15,981,732$0$0$6,600,797
100$17,449,110$0$0$7,212,387