Can I retire at age 53 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$53,429$52,953$52,488$52,035$51,593$51,354
2 years$26,450$25,957$25,480$25,017$24,568$24,327
3 years$17,458$16,963$16,487$16,029$15,587$15,351
4 years$12,963$12,470$11,998$11,548$11,117$10,888
5 years$10,267$9,777$9,311$8,870$8,451$8,229
6 years$8,470$7,983$7,525$7,093$6,687$6,474
7 years$7,187$6,704$6,253$5,832$5,438$5,233
8 years$6,225$5,747$5,303$4,892$4,511$4,314
9 years$5,477$5,004$4,568$4,167$3,799$3,610
10 years$4,879$4,410$3,982$3,592$3,237$3,056
11 years$4,391$3,926$3,506$3,126$2,784$2,611
12 years$3,984$3,524$3,111$2,742$2,413$2,247
13 years$3,639$3,185$2,780$2,421$2,104$1,946
14 years$3,345$2,895$2,498$2,149$1,844$1,694
15 years$3,090$2,645$2,255$1,916$1,624$1,481
16 years$2,866$2,426$2,045$1,716$1,435$1,299
17 years$2,670$2,235$1,860$1,542$1,272$1,143
18 years$2,495$2,065$1,698$1,389$1,131$1,009
19 years$2,339$1,914$1,555$1,255$1,008$892
20 years$2,199$1,778$1,427$1,137$901$791
21 years$2,072$1,656$1,312$1,032$806$702
22 years$1,957$1,546$1,210$938$723$624
23 years$1,852$1,446$1,117$855$649$556
24 years$1,756$1,355$1,033$779$583$495
25 years$1,668$1,271$957$712$525$442
26 years$1,587$1,195$887$651$473$395
27 years$1,512$1,125$824$596$426$353
28 years$1,442$1,060$766$546$384$316
29 years$1,377$1,000$713$501$347$283
30 years$1,317$944$664$459$314$253
31 years$1,261$893$619$422$284$227
32 years$1,208$845$577$388$257$203
33 years$1,159$800$539$357$232$182
34 years$1,112$758$504$328$210$164
35 years$1,069$719$471$302$190$147
36 years$1,028$682$441$278$172$132
37 years$989$648$412$256$156$118
38 years$952$616$386$236$142$106
39 years$917$586$362$218$129$96
40 years$885$557$339$201$117$86
41 years$853$530$318$185$106$77
42 years$824$505$298$171$96$69
43 years$796$481$280$158$87$62
44 years$769$459$263$146$79$56
45 years$743$438$247$135$72$50
46 years$719$417$232$124$65$45
47 years$696$398$218$115$59$41
48 years$673$380$205$106$54$37
49 years$652$363$192$98$49$33
50 years$632$347$181$91$44$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $647,000, adding $5,724 every year, while hoping to spend $26,972 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: 44/28/28 Blend
52$647,000$647,000$647,000$647,000
53$718,898$684,607$674,579$744,471
54$763,528$689,455$668,479$768,122
55$811,806$693,636$661,271$790,734
56$864,076$697,090$652,889$814,731
57$920,715$699,751$643,265$840,256
58$982,139$701,551$632,326$867,470
59$1,048,806$702,415$619,997$896,551
60$1,121,217$702,266$606,199$927,697
61$1,199,924$701,020$590,851$961,127
62$1,285,537$698,591$573,865$997,087
63$1,378,724$694,884$555,151$1,035,846
64$1,480,221$689,800$534,616$1,077,705
65$1,590,838$683,235$512,160$1,122,998
66$1,711,466$675,076$487,680$1,172,094
67$1,843,086$665,206$461,068$1,225,404
68$1,986,780$653,499$432,212$1,283,381
69$2,143,734$639,823$400,994$1,346,529
70$2,315,258$624,038$367,291$1,415,406
71$2,502,793$605,994$330,973$1,490,629
72$2,707,924$585,535$291,908$1,572,883
73$2,932,400$562,493$249,954$1,662,926
74$3,178,142$536,693$204,965$1,761,595
75$3,447,269$507,947$156,788$1,869,819
76$3,742,113$476,059$105,263$1,988,625
77$4,065,243$440,820$50,223$2,119,148
78$4,419,487$402,010$0$2,262,645
79$4,807,961$359,395$0$2,423,050
80$5,234,097$312,729$0$2,615,533
81$5,701,674$261,751$0$2,826,830
82$6,214,855$206,188$0$3,058,879
83$6,778,226$145,747$0$3,313,817
84$7,396,839$80,123$0$3,594,003
85$8,076,259$8,990$0$3,902,039
86$8,822,615$0$0$4,240,798
87$9,642,660$0$0$4,634,395
88$10,543,835$0$0$5,070,060
89$11,534,334$0$0$5,548,997
90$12,623,187$0$0$6,075,582
91$13,820,343$0$0$6,654,636
92$15,136,761$0$0$7,291,474
93$16,584,516$0$0$7,991,948
94$18,176,912$0$0$8,762,508
95$19,928,606$0$0$9,610,260
96$21,855,749$0$0$10,543,032
97$23,976,135$0$0$11,569,452
98$26,309,371$0$0$12,699,024
99$28,877,058$0$0$13,942,221
100$31,702,999$0$0$15,310,583