Can I retire at age 53 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$49,795$49,352$48,919$48,497$48,084$47,017
2 years$24,651$24,192$23,747$23,316$22,897$21,828
3 years$16,271$15,810$15,366$14,939$14,527$13,489
4 years$12,081$11,622$11,182$10,762$10,361$9,361
5 years$9,569$9,112$8,678$8,267$7,876$6,918
6 years$7,894$7,440$7,013$6,611$6,232$5,317
7 years$6,698$6,248$5,828$5,435$5,068$4,196
8 years$5,802$5,356$4,943$4,559$4,205$3,375
9 years$5,105$4,663$4,257$3,884$3,541$2,754
10 years$4,548$4,111$3,711$3,348$3,017$2,271
11 years$4,092$3,659$3,267$2,913$2,595$1,889
12 years$3,713$3,284$2,900$2,556$2,249$1,582
13 years$3,392$2,968$2,591$2,256$1,961$1,332
14 years$3,117$2,698$2,328$2,003$1,719$1,126
15 years$2,879$2,465$2,102$1,786$1,513$956
16 years$2,672$2,261$1,905$1,599$1,338$814
17 years$2,488$2,083$1,734$1,437$1,186$695
18 years$2,326$1,924$1,583$1,295$1,054$595
19 years$2,180$1,783$1,449$1,170$940$510
20 years$2,049$1,657$1,330$1,060$840$438
21 years$1,931$1,544$1,223$962$751$376
22 years$1,824$1,441$1,127$874$673$324
23 years$1,726$1,348$1,041$796$605$279
24 years$1,637$1,263$963$726$543$240
25 years$1,555$1,185$892$663$489$207
26 years$1,479$1,114$827$607$440$179
27 years$1,409$1,048$768$555$397$155
28 years$1,344$988$714$509$358$134
29 years$1,284$932$664$466$324$116
30 years$1,227$880$619$428$292$100
31 years$1,175$832$577$393$264$86
32 years$1,126$787$538$361$239$75
33 years$1,080$745$503$332$216$65
34 years$1,037$706$470$306$196$56
35 years$996$670$439$281$177$48
36 years$958$636$411$259$161$42
37 years$922$604$384$239$146$36
38 years$887$574$360$220$132$31
39 years$855$546$337$203$120$27
40 years$824$519$316$187$109$24
41 years$795$494$296$173$99$20
42 years$768$471$278$159$89$18
43 years$741$449$261$147$81$15
44 years$716$428$245$136$74$13
45 years$693$408$230$125$67$12
46 years$670$389$216$116$61$10
47 years$648$371$203$107$55$9
48 years$628$354$191$99$50$7
49 years$608$338$179$91$45$6
50 years$589$323$168$85$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $603,000, adding $2,471 every year, while hoping to spend $43,769 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: 54/20/26 Blend
52$603,000$603,000$603,000$603,000
53$667,055$635,096$625,749$698,152
54$688,525$619,646$600,142$704,420
55$710,717$601,971$572,210$706,521
56$733,660$581,918$541,829$707,914
57$757,383$559,321$508,870$708,549
58$781,915$534,007$473,196$708,369
59$807,289$505,792$434,666$707,318
60$833,538$474,481$393,133$705,335
61$860,697$439,869$348,442$702,356
62$888,804$401,739$300,430$698,315
63$917,898$359,860$248,931$693,142
64$948,020$313,990$193,766$686,763
65$979,215$263,871$134,754$679,101
66$1,011,527$209,234$71,701$670,076
67$1,045,008$149,791$4,407$659,602
68$1,079,707$85,239$0$647,592
69$1,115,682$15,261$0$652,652
70$1,152,990$0$0$658,507
71$1,191,694$0$0$677,205
72$1,231,861$0$0$700,101
73$1,273,561$0$0$723,877
74$1,316,869$0$0$748,579
75$1,361,868$0$0$774,252
76$1,408,643$0$0$800,947
77$1,457,286$0$0$828,719
78$1,507,898$0$0$857,625
79$1,560,583$0$0$887,727
80$1,615,458$0$0$919,092
81$1,672,644$0$0$951,791
82$1,732,274$0$0$985,904
83$1,794,490$0$0$1,021,512
84$1,859,447$0$0$1,058,706
85$1,927,309$0$0$1,097,584
86$1,998,257$0$0$1,138,250
87$2,072,484$0$0$1,180,818
88$2,150,199$0$0$1,225,412
89$2,231,631$0$0$1,272,165
90$2,317,026$0$0$1,321,223
91$2,406,650$0$0$1,372,742
92$2,500,794$0$0$1,426,895
93$2,599,775$0$0$1,483,866
94$2,703,934$0$0$1,543,857
95$2,813,645$0$0$1,607,091
96$2,929,315$0$0$1,673,805
97$3,051,386$0$0$1,744,262
98$3,180,342$0$0$1,818,747
99$3,316,710$0$0$1,897,572
100$3,461,065$0$0$1,981,076