Can I retire at age 53 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$53,346$52,871$52,407$51,955$51,513$49,804
2 years$26,409$25,917$25,440$24,978$24,530$22,825
3 years$17,431$16,937$16,462$16,004$15,563$13,915
4 years$12,943$12,451$11,980$11,530$11,100$9,522
5 years$10,251$9,761$9,297$8,856$8,438$6,934
6 years$8,457$7,971$7,513$7,082$6,676$5,248
7 years$7,176$6,694$6,244$5,823$5,430$4,077
8 years$6,215$5,738$5,295$4,885$4,504$3,226
9 years$5,469$4,996$4,561$4,161$3,793$2,587
10 years$4,872$4,404$3,976$3,586$3,232$2,097
11 years$4,384$3,920$3,500$3,121$2,780$1,713
12 years$3,977$3,519$3,107$2,738$2,409$1,408
13 years$3,634$3,180$2,775$2,417$2,101$1,163
14 years$3,340$2,890$2,494$2,146$1,841$965
15 years$3,085$2,640$2,252$1,913$1,621$803
16 years$2,862$2,423$2,041$1,713$1,433$671
17 years$2,666$2,231$1,858$1,539$1,271$561
18 years$2,491$2,062$1,696$1,387$1,130$470
19 years$2,336$1,911$1,552$1,254$1,007$395
20 years$2,196$1,775$1,425$1,135$899$332
21 years$2,069$1,654$1,310$1,030$805$279
22 years$1,954$1,544$1,208$937$721$235
23 years$1,849$1,444$1,115$853$648$198
24 years$1,754$1,353$1,031$778$582$167
25 years$1,665$1,270$955$711$524$141
26 years$1,584$1,193$886$650$472$119
27 years$1,509$1,123$823$595$425$100
28 years$1,440$1,058$765$545$384$85
29 years$1,375$998$712$500$347$72
30 years$1,315$943$663$459$313$60
31 years$1,259$891$618$421$283$51
32 years$1,206$843$577$387$256$43
33 years$1,157$799$538$356$232$37
34 years$1,111$757$503$328$210$31
35 years$1,067$718$470$302$190$26
36 years$1,026$681$440$278$172$22
37 years$987$647$412$256$156$19
38 years$951$615$386$236$142$16
39 years$916$585$361$217$128$13
40 years$883$556$339$201$116$11
41 years$852$530$318$185$106$10
42 years$822$504$298$171$96$8
43 years$794$481$279$158$87$7
44 years$768$458$262$146$79$6
45 years$742$437$246$134$72$5
46 years$718$417$231$124$65$4
47 years$694$398$217$115$59$4
48 years$672$380$204$106$54$3
49 years$651$363$192$98$49$3
50 years$631$346$181$91$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $646,000, adding $3,086 every year, while hoping to spend $47,832 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: 62/8/30 Blend
52$646,000$646,000$646,000$646,000
53$715,075$680,837$670,824$753,447
54$737,120$663,305$642,404$762,401
55$759,810$643,311$611,428$766,746
56$783,161$620,684$577,762$770,491
57$807,188$595,242$541,261$773,587
58$831,907$566,794$501,779$775,982
59$857,332$535,137$459,159$777,623
60$883,478$500,058$413,239$778,450
61$910,360$461,328$363,850$778,403
62$937,992$418,708$310,814$777,416
63$966,388$371,946$253,947$775,420
64$995,561$320,773$193,056$772,342
65$1,025,524$264,906$127,939$768,105
66$1,056,288$204,047$58,386$762,626
67$1,087,864$137,880$0$755,818
68$1,120,262$66,072$0$752,660
69$1,153,490$0$0$768,257
70$1,187,553$0$0$784,905
71$1,222,459$0$0$807,920
72$1,258,208$0$0$831,485
73$1,294,803$0$0$855,601
74$1,332,240$0$0$880,264
75$1,370,515$0$0$905,470
76$1,409,618$0$0$931,214
77$1,449,539$0$0$957,484
78$1,490,260$0$0$984,270
79$1,531,761$0$0$1,011,556
80$1,574,013$0$0$1,039,322
81$1,616,984$0$0$1,067,544
82$1,660,634$0$0$1,096,195
83$1,704,917$0$0$1,125,240
84$1,749,776$0$0$1,154,641
85$1,795,145$0$0$1,184,352
86$1,840,949$0$0$1,214,319
87$1,887,101$0$0$1,244,481
88$1,933,498$0$0$1,274,769
89$1,980,026$0$0$1,305,101
90$2,026,554$0$0$1,335,387
91$2,072,931$0$0$1,365,523
92$2,118,988$0$0$1,395,391
93$2,164,534$0$0$1,424,859
94$2,209,351$0$0$1,453,778
95$2,253,197$0$0$1,481,980
96$2,295,798$0$0$1,509,275
97$2,336,846$0$0$1,535,453
98$2,375,998$0$0$1,560,276
99$2,412,868$0$0$1,583,480
100$2,447,027$0$0$1,604,768