Can I retire at age 53 with 604,000?

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 $604,000?

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$49,878$49,433$49,000$48,577$48,164$47,095
2 years$24,692$24,232$23,786$23,354$22,935$21,864
3 years$16,298$15,836$15,391$14,963$14,551$13,511
4 years$12,102$11,641$11,201$10,780$10,378$9,377
5 years$9,584$9,127$8,692$8,280$7,889$6,930
6 years$7,907$7,453$7,025$6,622$6,242$5,326
7 years$6,709$6,259$5,838$5,444$5,077$4,203
8 years$5,811$5,365$4,951$4,567$4,212$3,381
9 years$5,113$4,671$4,264$3,890$3,547$2,758
10 years$4,555$4,117$3,718$3,353$3,022$2,275
11 years$4,099$3,665$3,273$2,918$2,599$1,892
12 years$3,719$3,290$2,905$2,560$2,252$1,584
13 years$3,398$2,973$2,595$2,260$1,964$1,334
14 years$3,122$2,702$2,332$2,006$1,722$1,128
15 years$2,884$2,469$2,105$1,789$1,516$958
16 years$2,676$2,265$1,909$1,602$1,340$816
17 years$2,492$2,086$1,737$1,439$1,188$696
18 years$2,329$1,928$1,585$1,297$1,056$596
19 years$2,184$1,786$1,451$1,172$941$511
20 years$2,053$1,660$1,332$1,062$841$438
21 years$1,934$1,546$1,225$963$753$377
22 years$1,827$1,443$1,129$876$675$324
23 years$1,729$1,350$1,043$798$606$279
24 years$1,640$1,265$964$728$544$241
25 years$1,557$1,187$893$664$490$208
26 years$1,481$1,116$828$608$441$179
27 years$1,411$1,050$769$556$398$155
28 years$1,346$989$715$510$359$134
29 years$1,286$933$665$467$324$116
30 years$1,229$881$620$429$293$100
31 years$1,177$833$578$394$265$87
32 years$1,128$788$539$362$239$75
33 years$1,082$747$503$333$217$65
34 years$1,038$708$470$306$196$56
35 years$998$671$440$282$178$49
36 years$959$637$411$260$161$42
37 years$923$605$385$239$146$36
38 years$889$575$361$220$132$32
39 years$856$547$338$203$120$27
40 years$826$520$317$188$109$24
41 years$797$495$297$173$99$20
42 years$769$472$278$160$90$18
43 years$743$449$261$147$81$15
44 years$718$428$245$136$74$13
45 years$694$408$230$126$67$12
46 years$671$390$216$116$61$10
47 years$649$372$203$107$55$9
48 years$629$355$191$99$50$8
49 years$609$339$180$92$46$6
50 years$590$324$169$85$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $604,000, adding $4,729 every year, while hoping to spend $25,985 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: 55/18/27 Blend
52$604,000$604,000$604,000$604,000
53$670,486$638,474$629,112$702,128
54$711,228$642,111$622,539$728,080
55$755,254$645,056$614,876$753,246
56$802,873$647,247$606,057$780,127
57$854,422$648,618$596,016$808,897
58$910,274$649,101$584,683$839,748
59$970,836$648,621$571,985$872,894
60$1,036,559$647,101$557,844$908,571
61$1,107,937$644,458$542,180$947,040
62$1,185,513$640,603$524,909$988,592
63$1,269,885$635,442$505,944$1,033,546
64$1,361,712$628,878$485,192$1,082,258
65$1,461,718$620,804$462,557$1,135,118
66$1,570,700$611,110$437,939$1,192,563
67$1,689,534$599,677$411,233$1,255,071
68$1,819,186$586,381$382,329$1,323,173
69$1,960,718$571,089$351,112$1,397,456
70$2,115,300$553,660$317,462$1,478,570
71$2,284,218$533,947$281,255$1,567,232
72$2,468,890$511,793$242,359$1,664,234
73$2,670,877$487,031$200,638$1,770,453
74$2,891,897$459,485$155,950$1,886,858
75$3,133,841$428,971$108,145$2,014,519
76$3,398,793$395,291$57,068$2,154,618
77$3,689,048$358,238$2,557$2,308,461
78$4,007,130$317,591$0$2,477,491
79$4,355,824$273,120$0$2,679,324
80$4,738,194$224,578$0$2,901,525
81$5,157,615$171,708$0$3,145,353
82$5,617,805$114,235$0$3,413,009
83$6,122,859$51,870$0$3,706,921
84$6,677,287$0$0$4,029,764
85$7,286,059$0$0$4,387,597
86$7,954,647$0$0$4,791,931
87$8,689,082$0$0$5,236,147
88$9,496,006$0$0$5,724,269
89$10,382,737$0$0$6,260,731
90$11,357,335$0$0$6,850,419
91$12,428,682$0$0$7,498,715
92$13,606,563$0$0$8,211,548
93$14,901,758$0$0$8,995,451
94$16,326,143$0$0$9,857,621
95$17,892,804$0$0$10,805,988
96$19,616,159$0$0$11,849,290
97$21,512,092$0$0$12,997,153
98$23,598,106$0$0$14,260,184
99$25,893,484$0$0$15,650,070
100$28,419,474$0$0$17,179,687