Can I retire at age 53 with 599,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.6%
1 years$49,465$49,024$48,594$48,175$47,765$46,292
2 years$24,488$24,031$23,590$23,161$22,745$21,274
3 years$16,163$15,705$15,264$14,839$14,431$13,007
4 years$12,001$11,545$11,108$10,691$10,292$8,927
5 years$9,505$9,051$8,620$8,212$7,824$6,522
6 years$7,841$7,391$6,967$6,567$6,191$4,952
7 years$6,654$6,207$5,789$5,399$5,035$3,860
8 years$5,763$5,320$4,910$4,529$4,177$3,065
9 years$5,071$4,632$4,229$3,858$3,517$2,467
10 years$4,517$4,083$3,687$3,325$2,997$2,007
11 years$4,065$3,635$3,246$2,894$2,578$1,646
12 years$3,688$3,263$2,881$2,539$2,234$1,359
13 years$3,369$2,949$2,574$2,241$1,948$1,127
14 years$3,097$2,680$2,312$1,989$1,707$939
15 years$2,860$2,448$2,088$1,774$1,503$785
16 years$2,654$2,246$1,893$1,589$1,329$658
17 years$2,472$2,069$1,722$1,427$1,178$553
18 years$2,310$1,912$1,572$1,286$1,047$465
19 years$2,166$1,772$1,439$1,162$934$392
20 years$2,036$1,646$1,321$1,053$834$331
21 years$1,918$1,533$1,215$955$746$280
22 years$1,812$1,431$1,120$869$669$237
23 years$1,715$1,339$1,034$791$600$201
24 years$1,626$1,254$956$722$540$170
25 years$1,544$1,177$886$659$486$144
26 years$1,469$1,106$821$603$437$122
27 years$1,400$1,041$763$552$394$104
28 years$1,335$981$709$505$356$88
29 years$1,275$926$660$463$321$75
30 years$1,219$874$615$425$290$63
31 years$1,167$826$573$391$263$54
32 years$1,118$782$535$359$237$46
33 years$1,073$740$499$330$215$39
34 years$1,030$702$466$304$195$33
35 years$989$666$436$280$176$28
36 years$951$632$408$257$160$24
37 years$915$600$382$237$145$20
38 years$881$570$358$219$131$17
39 years$849$542$335$202$119$15
40 years$819$516$314$186$108$12
41 years$790$491$294$172$98$11
42 years$763$468$276$158$89$9
43 years$737$446$259$146$81$8
44 years$712$425$243$135$73$7
45 years$688$405$228$125$66$6
46 years$665$386$215$115$60$5
47 years$644$369$202$106$55$4
48 years$623$352$189$98$50$3
49 years$604$336$178$91$45$3
50 years$585$321$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $599,000, adding $2,746 every year, while hoping to spend $24,389 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: 45/41/14 Blend
52$599,000$599,000$599,000$599,000
53$662,930$631,183$621,899$689,995
54$704,600$636,162$616,783$714,094
55$749,702$640,567$610,678$737,529
56$798,561$644,344$603,525$762,408
57$851,534$647,437$595,264$788,874
58$909,014$649,784$585,828$817,085
59$971,430$651,321$575,150$847,219
60$1,039,259$651,979$563,161$879,471
61$1,113,022$651,684$549,785$914,058
62$1,193,293$650,359$534,946$951,219
63$1,280,704$647,922$518,562$991,221
64$1,375,951$644,285$500,548$1,034,360
65$1,479,798$639,355$480,816$1,080,961
66$1,593,087$633,033$459,274$1,131,387
67$1,716,746$625,216$435,824$1,186,038
68$1,851,795$615,793$410,364$1,245,358
69$1,999,357$604,645$382,791$1,309,840
70$2,160,669$591,650$352,992$1,380,026
71$2,337,092$576,676$320,852$1,456,518
72$2,530,125$559,583$286,250$1,539,983
73$2,741,419$540,224$249,061$1,631,158
74$2,972,792$518,443$209,152$1,730,857
75$3,226,244$494,074$166,386$1,839,983
76$3,503,981$466,944$120,620$1,959,533
77$3,808,430$436,867$71,704$2,090,611
78$4,142,265$403,648$19,481$2,234,434
79$4,508,430$367,081$0$2,392,351
80$4,910,169$326,947$0$2,571,268
81$5,351,054$283,016$0$2,770,873
82$5,835,021$235,043$0$2,990,100
83$6,366,406$182,772$0$3,230,988
84$6,949,981$125,930$0$3,495,787
85$7,591,009$64,231$0$3,786,983
86$8,295,284$0$0$4,107,319
87$9,069,190$0$0$4,461,009
88$9,919,759$0$0$4,881,659
89$10,854,740$0$0$5,344,134
90$11,882,669$0$0$5,852,663
91$13,012,950$0$0$6,411,911
92$14,255,945$0$0$7,027,014
93$15,623,069$0$0$7,703,632
94$17,126,899$0$0$8,448,000
95$18,781,294$0$0$9,266,990
96$20,601,522$0$0$10,168,171
97$22,604,406$0$0$11,159,885
98$24,808,482$0$0$12,251,323
99$27,234,175$0$0$13,452,611
100$29,903,987$0$0$14,774,908