Can I retire at age 53 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$49,960$49,515$49,081$48,657$48,244$47,760
2 years$24,733$24,272$23,826$23,393$22,973$22,486
3 years$16,325$15,862$15,417$14,988$14,575$14,099
4 years$12,122$11,660$11,220$10,798$10,395$9,935
5 years$9,600$9,142$8,707$8,294$7,902$7,458
6 years$7,920$7,465$7,036$6,633$6,253$5,826
7 years$6,720$6,269$5,847$5,453$5,085$4,676
8 years$5,821$5,374$4,959$4,575$4,219$3,827
9 years$5,122$4,679$4,271$3,896$3,553$3,178
10 years$4,563$4,124$3,724$3,359$3,027$2,669
11 years$4,106$3,672$3,278$2,923$2,603$2,262
12 years$3,725$3,295$2,909$2,564$2,256$1,931
13 years$3,403$2,978$2,599$2,264$1,967$1,659
14 years$3,128$2,707$2,336$2,009$1,725$1,431
15 years$2,889$2,473$2,109$1,792$1,518$1,240
16 years$2,680$2,269$1,912$1,605$1,342$1,079
17 years$2,497$2,089$1,740$1,442$1,190$941
18 years$2,333$1,931$1,588$1,299$1,058$823
19 years$2,187$1,789$1,454$1,174$943$721
20 years$2,056$1,663$1,334$1,063$842$633
21 years$1,938$1,549$1,227$965$754$556
22 years$1,830$1,446$1,131$877$676$490
23 years$1,732$1,352$1,044$799$607$432
24 years$1,642$1,267$966$729$545$381
25 years$1,560$1,189$895$666$491$337
26 years$1,484$1,117$830$609$442$298
27 years$1,414$1,052$770$557$398$263
28 years$1,348$991$716$510$359$233
29 years$1,288$935$667$468$325$207
30 years$1,232$883$621$430$293$183
31 years$1,179$835$579$394$265$162
32 years$1,130$790$540$363$240$144
33 years$1,083$748$504$333$217$128
34 years$1,040$709$471$307$197$113
35 years$999$672$440$282$178$101
36 years$961$638$412$260$161$89
37 years$925$606$386$240$146$79
38 years$890$576$361$221$133$71
39 years$858$548$338$204$120$63
40 years$827$521$317$188$109$56
41 years$798$496$297$173$99$50
42 years$770$472$279$160$90$44
43 years$744$450$262$148$81$39
44 years$719$429$246$136$74$35
45 years$695$409$231$126$67$31
46 years$672$390$217$116$61$27
47 years$650$372$204$107$55$24
48 years$630$356$191$99$50$22
49 years$610$340$180$92$46$19
50 years$591$324$169$85$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $605,000, adding $2,117 every year, while hoping to spend $35,028 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: 44/30/26 Blend
52$605,000$605,000$605,000$605,000
53$668,894$636,829$627,451$693,196
54$699,851$630,764$611,201$704,626
55$732,793$623,228$593,233$713,479
56$767,883$614,111$573,452$722,392
57$805,303$603,299$551,759$731,390
58$845,252$590,669$528,051$740,503
59$887,947$576,090$502,219$749,767
60$933,626$559,427$474,152$759,223
61$982,549$540,533$443,730$768,921
62$1,035,005$519,254$410,830$778,918
63$1,091,306$495,428$375,323$789,281
64$1,151,797$468,883$337,075$800,087
65$1,216,859$439,436$295,945$811,424
66$1,286,905$406,895$251,786$823,394
67$1,362,392$371,056$204,444$836,113
68$1,443,822$331,704$153,759$849,713
69$1,531,746$288,611$99,564$864,345
70$1,626,769$241,537$41,683$880,181
71$1,729,555$190,229$0$897,412
72$1,840,837$134,417$0$921,832
73$1,961,418$73,819$0$960,818
74$2,092,182$8,135$0$1,003,128
75$2,234,100$0$0$1,049,134
76$2,388,243$0$0$1,120,029
77$2,555,786$0$0$1,200,070
78$2,738,022$0$0$1,287,199
79$2,936,375$0$0$1,382,103
80$3,152,410$0$0$1,485,541
81$3,387,852$0$0$1,598,348
82$3,644,597$0$0$1,721,441
83$3,924,732$0$0$1,855,832
84$4,230,555$0$0$2,002,633
85$4,564,595$0$0$2,163,069
86$4,929,636$0$0$2,338,488
87$5,328,745$0$0$2,530,377
88$5,765,296$0$0$2,740,368
89$6,243,005$0$0$2,970,264
90$6,765,964$0$0$3,222,046
91$7,338,680$0$0$3,497,897
92$7,966,114$0$0$3,800,222
93$8,653,731$0$0$4,131,669
94$9,407,550$0$0$4,495,154
95$10,234,200$0$0$4,893,889
96$11,140,980$0$0$5,331,412
97$12,135,934$0$0$5,811,620
98$13,227,918$0$0$6,338,806
99$14,426,688$0$0$6,917,699
100$15,742,994$0$0$7,553,508