Can I retire at age 53 with 599,000?

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 $599,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$49,465$49,024$48,594$48,175$47,765$47,404
2 years$24,488$24,031$23,590$23,161$22,745$22,382
3 years$16,163$15,705$15,264$14,839$14,431$14,075
4 years$12,001$11,545$11,108$10,691$10,292$9,948
5 years$9,505$9,051$8,620$8,212$7,824$7,492
6 years$7,841$7,391$6,967$6,567$6,191$5,871
7 years$6,654$6,207$5,789$5,399$5,035$4,728
8 years$5,763$5,320$4,910$4,529$4,177$3,882
9 years$5,071$4,632$4,229$3,858$3,517$3,236
10 years$4,517$4,083$3,687$3,325$2,997$2,728
11 years$4,065$3,635$3,246$2,894$2,578$2,320
12 years$3,688$3,263$2,881$2,539$2,234$1,988
13 years$3,369$2,949$2,574$2,241$1,948$1,714
14 years$3,097$2,680$2,312$1,989$1,707$1,485
15 years$2,860$2,448$2,088$1,774$1,503$1,292
16 years$2,654$2,246$1,893$1,589$1,329$1,128
17 years$2,472$2,069$1,722$1,427$1,178$988
18 years$2,310$1,912$1,572$1,286$1,047$868
19 years$2,166$1,772$1,439$1,162$934$764
20 years$2,036$1,646$1,321$1,053$834$673
21 years$1,918$1,533$1,215$955$746$595
22 years$1,812$1,431$1,120$869$669$526
23 years$1,715$1,339$1,034$791$600$466
24 years$1,626$1,254$956$722$540$413
25 years$1,544$1,177$886$659$486$367
26 years$1,469$1,106$821$603$437$326
27 years$1,400$1,041$763$552$394$290
28 years$1,335$981$709$505$356$258
29 years$1,275$926$660$463$321$229
30 years$1,219$874$615$425$290$204
31 years$1,167$826$573$391$263$182
32 years$1,118$782$535$359$237$162
33 years$1,073$740$499$330$215$145
34 years$1,030$702$466$304$195$129
35 years$989$666$436$280$176$115
36 years$951$632$408$257$160$103
37 years$915$600$382$237$145$92
38 years$881$570$358$219$131$82
39 years$849$542$335$202$119$73
40 years$819$516$314$186$108$65
41 years$790$491$294$172$98$58
42 years$763$468$276$158$89$52
43 years$737$446$259$146$81$47
44 years$712$425$243$135$73$42
45 years$688$405$228$125$66$37
46 years$665$386$215$115$60$33
47 years$644$369$202$106$55$30
48 years$623$352$189$98$50$27
49 years$604$336$178$91$45$24
50 years$585$321$167$84$41$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $599,000, adding $6,537 every year, while hoping to spend $35,984 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: 79/9/12 Blend
52$599,000$599,000$599,000$599,000
53$666,841$635,094$625,809$717,510
54$696,572$627,927$608,487$744,577
55$728,130$619,203$589,379$768,964
56$761,662$608,807$568,386$794,682
57$797,332$596,618$545,407$821,849
58$835,316$582,509$520,335$850,594
59$875,809$566,343$493,057$881,059
60$919,025$547,977$463,457$913,402
61$965,195$527,257$431,413$947,796
62$1,014,577$504,025$396,797$984,433
63$1,067,449$478,108$359,476$1,023,526
64$1,124,121$449,327$319,310$1,065,306
65$1,184,928$417,491$276,154$1,110,032
66$1,250,242$382,399$229,856$1,157,989
67$1,320,467$343,837$180,257$1,209,490
68$1,396,051$301,581$127,191$1,264,881
69$1,477,482$255,393$70,487$1,324,546
70$1,565,299$205,021$9,962$1,388,907
71$1,660,092$150,199$0$1,458,429
72$1,762,511$90,649$0$1,540,623
73$1,873,269$26,072$0$1,630,876
74$1,993,150$0$0$1,728,565
75$2,123,017$0$0$1,838,752
76$2,263,817$0$0$1,961,030
77$2,416,592$0$0$2,093,725
78$2,582,489$0$0$2,237,833
79$2,762,769$0$0$2,394,452
80$2,958,819$0$0$2,564,790
81$3,172,164$0$0$2,750,175
82$3,404,485$0$0$2,952,068
83$3,657,628$0$0$3,172,078
84$3,933,627$0$0$3,411,973
85$4,234,720$0$0$3,673,703
86$4,563,371$0$0$3,959,411
87$4,922,290$0$0$4,271,458
88$5,314,462$0$0$4,612,441
89$5,743,174$0$0$4,985,221
90$6,212,044$0$0$5,392,948
91$6,725,056$0$0$5,839,089
92$7,286,595$0$0$6,327,461
93$7,901,491$0$0$6,862,271
94$8,575,065$0$0$7,448,148
95$9,313,173$0$0$8,090,190
96$10,122,267$0$0$8,794,015
97$11,009,452$0$0$9,565,806
98$11,982,554$0$0$10,412,376
99$13,050,190$0$0$11,341,229
100$14,221,857$0$0$12,360,628