Can I retire at age 53 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$53,098$52,625$52,164$51,714$51,274$50,951
2 years$26,286$25,797$25,322$24,862$24,416$24,090
3 years$17,350$16,858$16,385$15,929$15,491$15,172
4 years$12,883$12,393$11,924$11,476$11,048$10,739
5 years$10,203$9,716$9,254$8,815$8,399$8,100
6 years$8,417$7,934$7,478$7,049$6,645$6,358
7 years$7,142$6,663$6,215$5,796$5,405$5,128
8 years$6,186$5,711$5,270$4,862$4,484$4,219
9 years$5,443$4,973$4,539$4,141$3,776$3,522
10 years$4,849$4,383$3,958$3,570$3,217$2,974
11 years$4,364$3,902$3,484$3,107$2,767$2,535
12 years$3,959$3,502$3,092$2,725$2,398$2,176
13 years$3,617$3,165$2,763$2,406$2,091$1,880
14 years$3,324$2,877$2,482$2,136$1,833$1,632
15 years$3,070$2,628$2,241$1,905$1,614$1,423
16 years$2,849$2,411$2,032$1,705$1,426$1,245
17 years$2,653$2,221$1,849$1,532$1,265$1,093
18 years$2,480$2,052$1,688$1,381$1,124$961
19 years$2,325$1,902$1,545$1,248$1,002$848
20 years$2,185$1,767$1,418$1,130$895$749
21 years$2,059$1,646$1,304$1,026$801$663
22 years$1,945$1,537$1,202$933$718$588
23 years$1,841$1,437$1,110$849$645$522
24 years$1,745$1,347$1,027$775$579$464
25 years$1,658$1,264$951$707$521$413
26 years$1,577$1,188$882$647$470$367
27 years$1,502$1,118$819$592$423$327
28 years$1,433$1,053$761$542$382$292
29 years$1,369$994$708$497$345$260
30 years$1,309$938$660$456$312$233
31 years$1,253$887$615$419$282$208
32 years$1,201$839$574$385$255$186
33 years$1,152$795$536$354$231$166
34 years$1,105$753$501$326$209$148
35 years$1,062$715$468$300$189$133
36 years$1,021$678$438$276$171$119
37 years$983$644$410$255$155$106
38 years$946$612$384$235$141$95
39 years$912$582$360$216$128$85
40 years$879$554$337$200$116$76
41 years$848$527$316$184$105$68
42 years$819$502$296$170$95$61
43 years$791$478$278$157$87$55
44 years$764$456$261$145$79$49
45 years$739$435$245$134$71$44
46 years$714$415$230$124$65$39
47 years$691$396$216$114$59$35
48 years$669$378$203$106$53$32
49 years$648$361$191$98$49$28
50 years$628$345$180$90$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $643,000, adding $2,321 every year, while hoping to spend $40,861 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: 61/15/24 Blend
52$643,000$643,000$643,000$643,000
53$710,980$676,901$666,935$749,686
54$740,024$666,593$645,801$765,906
55$770,661$654,411$622,590$778,933
56$803,011$640,220$597,189$792,255
57$837,203$623,875$569,480$805,908
58$873,380$605,227$539,339$819,933
59$911,696$584,115$506,639$834,378
60$952,322$560,369$471,244$849,295
61$995,441$533,810$433,013$864,747
62$1,041,257$504,248$391,800$880,804
63$1,089,992$471,482$347,452$897,544
64$1,141,887$435,300$299,807$915,059
65$1,197,207$395,478$248,699$933,448
66$1,256,244$351,779$193,952$952,828
67$1,319,316$303,951$135,385$973,328
68$1,386,772$251,730$72,805$995,093
69$1,458,994$194,836$6,016$1,018,287
70$1,536,402$132,973$0$1,043,095
71$1,619,456$65,830$0$1,086,436
72$1,708,662$0$0$1,134,558
73$1,804,573$0$0$1,187,381
74$1,907,799$0$0$1,255,962
75$2,019,006$0$0$1,329,884
76$2,138,931$0$0$1,409,638
77$2,268,378$0$0$1,495,767
78$2,408,234$0$0$1,588,865
79$2,559,473$0$0$1,689,586
80$2,723,164$0$0$1,798,648
81$2,900,484$0$0$1,916,840
82$3,092,727$0$0$2,045,033
83$3,301,316$0$0$2,184,181
84$3,527,814$0$0$2,335,334
85$3,773,942$0$0$2,499,648
86$4,041,593$0$0$2,678,394
87$4,332,851$0$0$2,872,972
88$4,650,005$0$0$3,084,921
89$4,995,579$0$0$3,315,934
90$5,372,345$0$0$3,567,875
91$5,783,360$0$0$3,842,796
92$6,231,983$0$0$4,142,955
93$6,721,916$0$0$4,470,839
94$7,257,231$0$0$4,829,184
95$7,842,414$0$0$5,221,004
96$8,482,401$0$0$5,649,615
97$9,182,628$0$0$6,118,670
98$9,949,082$0$0$6,632,192
99$10,788,354$0$0$7,194,611
100$11,707,702$0$0$7,810,802