Can I retire at age 53 with 604,000?

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 $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%11.4%
1 years$49,878$49,433$49,000$48,577$48,164$47,880
2 years$24,692$24,232$23,786$23,354$22,935$22,649
3 years$16,298$15,836$15,391$14,963$14,551$14,271
4 years$12,102$11,641$11,201$10,780$10,378$10,107
5 years$9,584$9,127$8,692$8,280$7,889$7,627
6 years$7,907$7,453$7,025$6,622$6,242$5,990
7 years$6,709$6,259$5,838$5,444$5,077$4,834
8 years$5,811$5,365$4,951$4,567$4,212$3,979
9 years$5,113$4,671$4,264$3,890$3,547$3,324
10 years$4,555$4,117$3,718$3,353$3,022$2,809
11 years$4,099$3,665$3,273$2,918$2,599$2,395
12 years$3,719$3,290$2,905$2,560$2,252$2,058
13 years$3,398$2,973$2,595$2,260$1,964$1,778
14 years$3,122$2,702$2,332$2,006$1,722$1,545
15 years$2,884$2,469$2,105$1,789$1,516$1,348
16 years$2,676$2,265$1,909$1,602$1,340$1,180
17 years$2,492$2,086$1,737$1,439$1,188$1,036
18 years$2,329$1,928$1,585$1,297$1,056$913
19 years$2,184$1,786$1,451$1,172$941$805
20 years$2,053$1,660$1,332$1,062$841$712
21 years$1,934$1,546$1,225$963$753$631
22 years$1,827$1,443$1,129$876$675$560
23 years$1,729$1,350$1,043$798$606$497
24 years$1,640$1,265$964$728$544$442
25 years$1,557$1,187$893$664$490$394
26 years$1,481$1,116$828$608$441$351
27 years$1,411$1,050$769$556$398$313
28 years$1,346$989$715$510$359$279
29 years$1,286$933$665$467$324$249
30 years$1,229$881$620$429$293$223
31 years$1,177$833$578$394$265$199
32 years$1,128$788$539$362$239$178
33 years$1,082$747$503$333$217$159
34 years$1,038$708$470$306$196$143
35 years$998$671$440$282$178$128
36 years$959$637$411$260$161$114
37 years$923$605$385$239$146$102
38 years$889$575$361$220$132$92
39 years$856$547$338$203$120$82
40 years$826$520$317$188$109$74
41 years$797$495$297$173$99$66
42 years$769$472$278$160$90$59
43 years$743$449$261$147$81$53
44 years$718$428$245$136$74$48
45 years$694$408$230$126$67$43
46 years$671$390$216$116$61$38
47 years$649$372$203$107$55$34
48 years$629$355$191$99$50$31
49 years$609$339$180$92$46$28
50 years$590$324$169$85$41$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $604,000, adding $4,548 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: 58/12/30 Blend
52$604,000$604,000$604,000$604,000
53$670,299$638,287$628,925$703,422
54$711,022$641,915$622,346$730,296
55$755,027$644,851$614,676$756,479
56$802,623$647,031$605,851$784,506
57$854,147$648,392$595,803$814,563
58$909,970$648,864$584,463$846,859
59$970,502$648,373$571,757$881,621
60$1,036,191$646,840$557,608$919,103
61$1,107,531$644,184$541,937$959,586
62$1,185,065$640,315$524,658$1,003,380
63$1,269,392$635,141$505,684$1,050,828
64$1,361,169$628,562$484,924$1,102,310
65$1,461,120$620,473$462,280$1,158,244
66$1,570,040$610,762$437,653$1,219,096
67$1,688,807$599,313$410,937$1,285,377
68$1,818,385$585,998$382,023$1,357,655
69$1,959,835$570,687$350,795$1,436,556
70$2,114,326$553,239$317,135$1,522,772
71$2,283,145$533,505$280,917$1,617,069
72$2,467,708$511,329$242,010$1,720,290
73$2,669,575$486,545$200,277$1,833,370
74$2,890,461$458,976$155,577$1,957,340
75$3,132,259$428,436$107,760$2,093,339
76$3,397,050$394,730$56,670$2,242,625
77$3,687,127$357,649$2,146$2,406,587
78$4,005,014$316,974$0$2,586,758
79$4,353,492$272,472$0$2,802,771
80$4,735,624$223,899$0$3,040,456
81$5,154,782$170,995$0$3,301,247
82$5,614,683$113,487$0$3,587,486
83$6,119,418$51,085$0$3,901,750
84$6,673,496$0$0$4,246,881
85$7,281,881$0$0$4,628,194
86$7,950,043$0$0$5,054,435
87$8,684,009$0$0$5,522,708
88$9,490,415$0$0$6,037,257
89$10,376,575$0$0$6,602,753
90$11,350,545$0$0$7,224,345
91$12,421,200$0$0$7,907,704
92$13,598,317$0$0$8,659,081
93$14,892,671$0$0$9,485,359
94$16,316,129$0$0$10,394,123
95$17,881,769$0$0$11,393,731
96$19,603,999$0$0$12,493,390
97$21,498,691$0$0$13,703,246
98$23,583,338$0$0$15,034,476
99$25,877,209$0$0$16,499,397
100$28,401,540$0$0$18,111,579