Can I retire at age 53 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$53,016$52,544$52,083$51,633$51,194$49,555
2 years$26,245$25,757$25,283$24,824$24,378$22,742
3 years$17,323$16,832$16,360$15,905$15,466$13,885
4 years$12,863$12,373$11,906$11,458$11,031$9,515
5 years$10,187$9,701$9,239$8,801$8,385$6,940
6 years$8,404$7,922$7,467$7,038$6,635$5,262
7 years$7,131$6,653$6,205$5,787$5,396$4,094
8 years$6,177$5,702$5,262$4,854$4,477$3,245
9 years$5,435$4,965$4,532$4,135$3,770$2,608
10 years$4,842$4,376$3,951$3,564$3,212$2,117
11 years$4,357$3,896$3,479$3,102$2,763$1,733
12 years$3,953$3,497$3,087$2,721$2,394$1,428
13 years$3,611$3,160$2,758$2,402$2,088$1,182
14 years$3,319$2,873$2,478$2,132$1,830$983
15 years$3,066$2,624$2,238$1,902$1,611$820
16 years$2,844$2,408$2,029$1,703$1,424$686
17 years$2,649$2,217$1,846$1,530$1,263$575
18 years$2,476$2,049$1,685$1,379$1,123$483
19 years$2,321$1,899$1,543$1,246$1,001$406
20 years$2,182$1,765$1,416$1,128$894$342
21 years$2,056$1,644$1,302$1,024$800$288
22 years$1,942$1,534$1,200$931$717$243
23 years$1,838$1,435$1,108$848$644$206
24 years$1,743$1,344$1,025$773$578$174
25 years$1,655$1,262$949$706$521$147
26 years$1,575$1,186$880$646$469$124
27 years$1,500$1,116$818$591$423$105
28 years$1,431$1,052$760$542$381$89
29 years$1,367$992$707$497$344$75
30 years$1,307$937$659$456$311$64
31 years$1,251$886$614$419$281$54
32 years$1,199$838$573$385$255$46
33 years$1,150$794$535$354$230$39
34 years$1,104$752$500$326$209$33
35 years$1,060$713$467$300$189$28
36 years$1,020$677$437$276$171$24
37 years$981$643$409$254$155$20
38 years$945$611$383$234$141$17
39 years$910$581$359$216$128$14
40 years$878$553$337$199$116$12
41 years$847$526$316$184$105$10
42 years$817$501$296$170$95$9
43 years$789$478$278$157$86$7
44 years$763$455$261$145$78$6
45 years$737$434$245$134$71$5
46 years$713$414$230$123$65$5
47 years$690$395$216$114$59$4
48 years$668$377$203$105$53$3
49 years$647$360$191$97$48$3
50 years$627$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 $642,000, adding $3,770 every year, while hoping to spend $39,899 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: 43/49/8 Blend
52$642,000$642,000$642,000$642,000
53$711,373$677,347$667,396$740,160
54$741,481$668,085$647,301$751,274
55$773,322$657,031$625,196$758,948
56$807,032$644,057$600,972$766,347
57$842,758$629,024$574,513$773,462
58$880,660$611,787$545,699$780,283
59$920,914$592,191$514,407$786,805
60$963,712$570,074$480,505$793,024
61$1,009,266$545,262$443,857$798,940
62$1,057,804$517,573$404,319$804,556
63$1,109,579$486,813$361,743$809,880
64$1,164,867$452,779$315,973$814,925
65$1,223,972$415,253$266,846$819,711
66$1,287,224$374,007$214,192$824,262
67$1,354,988$328,800$157,834$828,613
68$1,427,662$279,377$97,587$832,806
69$1,505,685$225,468$33,258$836,895
70$1,589,536$166,787$0$840,944
71$1,679,744$103,035$0$848,052
72$1,776,888$33,894$0$858,518
73$1,881,603$0$0$869,628
74$1,994,589$0$0$903,624
75$2,116,613$0$0$960,138
76$2,248,518$0$0$1,021,293
77$2,391,232$0$0$1,087,527
78$2,545,774$0$0$1,159,323
79$2,713,264$0$0$1,237,208
80$2,894,934$0$0$1,321,767
81$3,092,140$0$0$1,413,639
82$3,306,371$0$0$1,513,529
83$3,539,268$0$0$1,622,213
84$3,792,632$0$0$1,740,542
85$4,068,449$0$0$1,869,457
86$4,368,901$0$0$2,009,989
87$4,696,393$0$0$2,163,276
88$5,053,567$0$0$2,330,569
89$5,443,334$0$0$2,513,244
90$5,868,898$0$0$2,712,819
91$6,333,785$0$0$2,930,961
92$6,841,878$0$0$3,169,510
93$7,397,451$0$0$3,430,487
94$8,005,210$0$0$3,716,121
95$8,670,337$0$0$4,028,866
96$9,398,537$0$0$4,371,422
97$10,196,095$0$0$4,746,764
98$11,069,929$0$0$5,158,169
99$12,027,660$0$0$5,609,245
100$13,077,680$0$0$6,103,967