Can I retire at age 53 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$53,181$52,707$52,245$51,794$51,353$49,869
2 years$26,327$25,837$25,362$24,901$24,454$22,971
3 years$17,377$16,885$16,411$15,954$15,515$14,079
4 years$12,903$12,412$11,943$11,494$11,065$9,687
5 years$10,219$9,731$9,268$8,829$8,412$7,096
6 years$8,431$7,946$7,490$7,060$6,656$5,403
7 years$7,153$6,673$6,224$5,805$5,413$4,223
8 years$6,196$5,720$5,279$4,869$4,491$3,363
9 years$5,452$4,980$4,546$4,148$3,782$2,716
10 years$4,857$4,390$3,964$3,575$3,222$2,216
11 years$4,370$3,908$3,490$3,112$2,771$1,823
12 years$3,965$3,508$3,097$2,729$2,401$1,510
13 years$3,623$3,170$2,767$2,410$2,094$1,257
14 years$3,329$2,881$2,486$2,139$1,836$1,051
15 years$3,075$2,632$2,245$1,908$1,616$881
16 years$2,853$2,415$2,035$1,708$1,428$742
17 years$2,657$2,224$1,852$1,535$1,267$625
18 years$2,484$2,055$1,690$1,383$1,126$528
19 years$2,328$1,905$1,548$1,250$1,004$447
20 years$2,189$1,770$1,420$1,132$897$379
21 years$2,063$1,649$1,306$1,027$802$322
22 years$1,948$1,539$1,204$934$719$273
23 years$1,844$1,439$1,112$851$646$232
24 years$1,748$1,349$1,028$776$580$197
25 years$1,660$1,266$952$708$522$168
26 years$1,579$1,189$883$648$470$143
27 years$1,505$1,119$820$593$424$122
28 years$1,435$1,055$762$543$383$104
29 years$1,371$995$709$498$346$89
30 years$1,311$940$661$457$312$76
31 years$1,255$888$616$420$282$64
32 years$1,202$841$575$386$255$55
33 years$1,153$796$537$355$231$47
34 years$1,107$754$501$327$209$40
35 years$1,064$716$469$301$189$34
36 years$1,023$679$439$277$172$29
37 years$984$645$411$255$156$25
38 years$948$613$384$235$141$21
39 years$913$583$360$217$128$18
40 years$880$555$338$200$116$15
41 years$849$528$317$184$105$13
42 years$820$503$297$170$96$11
43 years$792$479$279$157$87$10
44 years$765$457$262$145$79$8
45 years$740$435$246$134$71$7
46 years$715$415$231$124$65$6
47 years$692$396$217$114$59$5
48 years$670$378$204$106$53$4
49 years$649$361$191$98$49$4
50 years$629$345$180$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $644,000, adding $4,968 every year, while hoping to spend $38,575 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: 77/12/11 Blend
52$644,000$644,000$644,000$644,000
53$714,812$680,680$670,698$768,028
54$746,680$672,990$652,123$796,057
55$780,505$663,630$631,633$821,365
56$816,446$652,478$609,123$848,017
57$854,678$639,404$584,483$876,133
58$895,391$624,271$557,599$905,843
59$938,793$606,932$528,350$937,292
60$985,112$587,233$496,612$970,641
61$1,034,598$565,013$462,253$1,006,066
62$1,087,525$540,097$425,137$1,043,762
63$1,144,195$512,303$385,121$1,083,946
64$1,204,935$481,438$342,055$1,126,856
65$1,270,108$447,298$295,783$1,172,755
66$1,340,109$409,667$246,143$1,221,935
67$1,415,376$368,316$192,964$1,274,715
68$1,496,384$323,003$136,068$1,331,453
69$1,583,660$273,475$75,271$1,392,539
70$1,677,779$219,461$10,378$1,458,408
71$1,779,374$160,677$0$1,529,537
72$1,889,142$96,821$0$1,613,366
73$2,007,847$27,578$0$1,705,317
74$2,136,329$0$0$1,804,843
75$2,275,512$0$0$1,918,940
76$2,426,412$0$0$2,046,609
77$2,590,146$0$0$2,185,157
78$2,767,943$0$0$2,335,624
79$2,961,153$0$0$2,499,159
80$3,171,263$0$0$2,677,021
81$3,399,909$0$0$2,870,597
82$3,648,890$0$0$3,081,415
83$3,920,186$0$0$3,311,154
84$4,215,976$0$0$3,561,662
85$4,538,658$0$0$3,834,974
86$4,890,873$0$0$4,133,330
87$5,275,525$0$0$4,459,195
88$5,695,815$0$0$4,815,282
89$6,155,262$0$0$5,204,580
90$6,657,745$0$0$5,630,377
91$7,207,533$0$0$6,096,296
92$7,809,326$0$0$6,606,325
93$8,468,301$0$0$7,164,855
94$9,190,158$0$0$7,776,723
95$9,981,173$0$0$8,447,254
96$10,848,261$0$0$9,182,315
97$11,799,037$0$0$9,988,365
98$12,841,885$0$0$10,872,520
99$13,986,043$0$0$11,842,617
100$15,241,685$0$0$12,907,289