Can I retire at age 53 with 607,000?

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 $607,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.3%
1 years$50,125$49,679$49,243$48,818$48,403$46,779
2 years$24,815$24,352$23,905$23,470$23,049$21,429
3 years$16,379$15,915$15,468$15,038$14,623$13,058
4 years$12,162$11,699$11,257$10,834$10,429$8,931
5 years$9,632$9,172$8,736$8,321$7,928$6,500
6 years$7,946$7,490$7,060$6,655$6,273$4,917
7 years$6,742$6,290$5,867$5,471$5,102$3,817
8 years$5,840$5,392$4,975$4,590$4,233$3,019
9 years$5,139$4,694$4,285$3,909$3,564$2,420
10 years$4,578$4,138$3,736$3,370$3,037$1,960
11 years$4,119$3,684$3,289$2,933$2,612$1,600
12 years$3,737$3,306$2,919$2,572$2,263$1,314
13 years$3,414$2,988$2,608$2,271$1,974$1,085
14 years$3,138$2,716$2,343$2,016$1,730$900
15 years$2,899$2,481$2,116$1,798$1,523$748
16 years$2,689$2,276$1,918$1,610$1,346$624
17 years$2,505$2,096$1,745$1,446$1,194$522
18 years$2,341$1,937$1,593$1,304$1,061$437
19 years$2,195$1,795$1,459$1,178$946$366
20 years$2,063$1,668$1,339$1,067$845$308
21 years$1,944$1,554$1,231$968$756$259
22 years$1,836$1,451$1,135$880$678$218
23 years$1,738$1,357$1,048$802$609$183
24 years$1,648$1,271$969$731$547$154
25 years$1,565$1,193$898$668$492$130
26 years$1,489$1,121$832$611$443$110
27 years$1,418$1,055$773$559$400$93
28 years$1,353$994$719$512$361$78
29 years$1,292$938$669$470$326$66
30 years$1,236$886$623$431$294$56
31 years$1,183$837$581$396$266$47
32 years$1,133$792$542$364$241$40
33 years$1,087$750$506$334$218$34
34 years$1,044$711$473$308$197$28
35 years$1,003$675$442$283$179$24
36 years$964$640$413$261$162$20
37 years$928$608$387$240$147$17
38 years$893$578$362$222$133$14
39 years$861$549$339$204$121$12
40 years$830$523$318$188$109$10
41 years$801$498$298$174$99$9
42 years$773$474$280$160$90$7
43 years$746$452$263$148$82$6
44 years$721$430$247$137$74$5
45 years$697$410$231$126$67$4
46 years$674$392$217$117$61$4
47 years$653$374$204$108$56$3
48 years$632$357$192$100$50$3
49 years$612$341$180$92$46$2
50 years$593$325$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $607,000, adding $2,364 every year, while hoping to spend $28,828 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: 41/50/9 Blend
52$607,000$607,000$607,000$607,000
53$671,352$639,181$629,773$696,990
54$709,158$639,829$620,198$715,816
55$749,853$639,541$609,335$733,109
56$793,702$638,243$597,112$751,172
57$840,996$635,853$583,452$770,088
58$892,054$632,286$568,274$789,947
59$947,225$627,450$551,493$810,854
60$1,006,896$621,249$533,022$832,922
61$1,071,490$613,581$512,768$856,281
62$1,141,472$604,336$490,636$881,076
63$1,217,353$593,400$466,523$907,468
64$1,299,697$580,650$440,326$935,637
65$1,389,123$565,959$411,934$965,786
66$1,486,311$549,188$381,231$998,140
67$1,592,010$530,194$348,098$1,032,950
68$1,707,045$508,824$312,409$1,070,497
69$1,832,322$484,914$274,033$1,111,093
70$1,968,839$458,295$232,833$1,155,086
71$2,117,693$428,784$188,665$1,202,865
72$2,280,093$396,190$141,381$1,254,861
73$2,457,370$360,311$90,825$1,311,554
74$2,650,987$320,931$36,833$1,373,478
75$2,862,557$277,826$0$1,441,228
76$3,093,853$230,755$0$1,517,459
77$3,346,831$179,466$0$1,604,813
78$3,623,640$123,693$0$1,700,581
79$3,926,649$63,152$0$1,805,685
80$4,258,468$0$0$1,921,148
81$4,621,969$0$0$2,049,452
82$5,020,314$0$0$2,228,209
83$5,456,988$0$0$2,424,244
84$5,935,827$0$0$2,639,292
85$6,461,058$0$0$2,875,259
86$7,037,336$0$0$3,134,247
87$7,669,788$0$0$3,418,573
88$8,364,061$0$0$3,730,785
89$9,126,376$0$0$4,073,694
90$9,963,587$0$0$4,450,394
91$10,883,242$0$0$4,864,295
92$11,893,658$0$0$5,319,153
93$13,003,997$0$0$5,819,105
94$14,224,352$0$0$6,368,711
95$15,565,843$0$0$6,972,992
96$17,040,719$0$0$7,637,481
97$18,662,479$0$0$8,368,276
98$20,445,991$0$0$9,172,093
99$22,407,640$0$0$10,056,332
100$24,565,476$0$0$11,029,147