Can I retire at age 53 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$49,547$49,106$48,676$48,255$47,845$46,726
2 years$24,528$24,072$23,629$23,200$22,783$21,663
3 years$16,190$15,731$15,289$14,864$14,455$13,367
4 years$12,021$11,564$11,127$10,709$10,309$9,263
5 years$9,521$9,066$8,635$8,225$7,837$6,835
6 years$7,855$7,403$6,978$6,578$6,201$5,244
7 years$6,665$6,217$5,799$5,408$5,043$4,132
8 years$5,773$5,329$4,918$4,537$4,184$3,318
9 years$5,079$4,640$4,236$3,864$3,523$2,702
10 years$4,525$4,090$3,693$3,331$3,002$2,224
11 years$4,072$3,641$3,251$2,899$2,582$1,846
12 years$3,694$3,268$2,885$2,543$2,237$1,543
13 years$3,375$2,953$2,578$2,245$1,951$1,297
14 years$3,102$2,685$2,316$1,993$1,710$1,094
15 years$2,865$2,452$2,091$1,777$1,506$927
16 years$2,658$2,250$1,896$1,591$1,331$788
17 years$2,476$2,072$1,725$1,430$1,180$671
18 years$2,314$1,915$1,575$1,289$1,049$573
19 years$2,169$1,775$1,442$1,164$935$490
20 years$2,039$1,649$1,323$1,054$835$420
21 years$1,922$1,536$1,217$957$748$360
22 years$1,815$1,434$1,122$870$670$309
23 years$1,718$1,341$1,036$792$601$266
24 years$1,629$1,256$958$723$541$228
25 years$1,547$1,179$887$660$486$197
26 years$1,472$1,108$823$604$438$169
27 years$1,402$1,043$764$552$395$146
28 years$1,337$983$710$506$356$126
29 years$1,277$927$661$464$322$108
30 years$1,221$876$616$426$291$94
31 years$1,169$828$574$391$263$81
32 years$1,120$783$536$360$238$70
33 years$1,075$742$500$331$215$60
34 years$1,032$703$467$304$195$52
35 years$991$667$437$280$177$45
36 years$953$633$409$258$160$39
37 years$917$601$382$238$145$33
38 years$883$571$358$219$131$29
39 years$851$543$336$202$119$25
40 years$820$517$315$186$108$22
41 years$791$492$295$172$98$19
42 years$764$468$277$159$89$16
43 years$738$446$260$146$81$14
44 years$713$425$244$135$73$12
45 years$689$406$229$125$67$10
46 years$667$387$215$115$60$9
47 years$645$369$202$107$55$8
48 years$624$353$190$98$50$7
49 years$605$337$178$91$45$6
50 years$586$322$168$84$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $600,000, adding $3,545 every year, while hoping to spend $33,649 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: 84/10/6 Blend
52$600,000$600,000$600,000$600,000
53$664,857$633,057$623,757$720,193
54$696,870$628,274$608,850$752,054
55$731,020$622,130$592,317$782,101
56$767,491$614,521$574,066$814,039
57$806,482$605,339$554,004$848,036
58$848,212$594,469$532,032$884,277
59$892,922$581,791$508,047$922,965
60$940,875$567,174$481,942$964,324
61$992,362$550,482$453,604$1,008,601
62$1,047,698$531,571$422,916$1,056,068
63$1,107,234$510,289$389,754$1,107,024
64$1,171,351$486,472$353,990$1,161,798
65$1,240,470$459,951$315,490$1,220,754
66$1,315,053$430,544$274,114$1,284,290
67$1,395,608$398,059$229,716$1,352,849
68$1,482,691$362,296$182,143$1,426,914
69$1,576,916$323,038$131,235$1,507,023
70$1,678,956$280,062$76,825$1,593,763
71$1,789,551$233,127$18,741$1,687,785
72$1,909,517$181,981$0$1,789,806
73$2,039,748$126,359$0$1,903,383
74$2,181,230$65,978$0$2,028,078
75$2,335,046$541$0$2,163,662
76$2,502,388$0$0$2,311,205
77$2,684,567$0$0$2,479,620
78$2,883,028$0$0$2,663,160
79$3,099,357$0$0$2,863,235
80$3,335,303$0$0$3,081,464
81$3,592,790$0$0$3,319,626
82$3,873,935$0$0$3,579,683
83$4,181,069$0$0$3,863,791
84$4,516,759$0$0$4,174,326
85$4,883,829$0$0$4,513,904
86$5,285,391$0$0$4,885,402
87$5,724,870$0$0$5,291,993
88$6,206,037$0$0$5,737,166
89$6,733,046$0$0$6,224,767
90$7,310,470$0$0$6,759,029
91$7,943,348$0$0$7,344,616
92$8,637,226$0$0$7,986,661
93$9,398,215$0$0$8,690,820
94$10,233,044$0$0$9,463,325
95$11,149,127$0$0$10,311,034
96$12,154,628$0$0$11,241,508
97$13,258,542$0$0$12,263,070
98$14,470,774$0$0$13,384,891
99$15,802,241$0$0$14,617,075
100$17,264,963$0$0$15,970,750