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%17.8%
1 years$50,125$49,679$49,243$48,818$48,403$46,872
2 years$24,815$24,352$23,905$23,470$23,049$21,521
3 years$16,379$15,915$15,468$15,038$14,623$13,145
4 years$12,162$11,699$11,257$10,834$10,429$9,013
5 years$9,632$9,172$8,736$8,321$7,928$6,578
6 years$7,946$7,490$7,060$6,655$6,273$4,989
7 years$6,742$6,290$5,867$5,471$5,102$3,884
8 years$5,840$5,392$4,975$4,590$4,233$3,081
9 years$5,139$4,694$4,285$3,909$3,564$2,477
10 years$4,578$4,138$3,736$3,370$3,037$2,012
11 years$4,119$3,684$3,289$2,933$2,612$1,648
12 years$3,737$3,306$2,919$2,572$2,263$1,359
13 years$3,414$2,988$2,608$2,271$1,974$1,126
14 years$3,138$2,716$2,343$2,016$1,730$936
15 years$2,899$2,481$2,116$1,798$1,523$782
16 years$2,689$2,276$1,918$1,610$1,346$654
17 years$2,505$2,096$1,745$1,446$1,194$549
18 years$2,341$1,937$1,593$1,304$1,061$461
19 years$2,195$1,795$1,459$1,178$946$388
20 years$2,063$1,668$1,339$1,067$845$327
21 years$1,944$1,554$1,231$968$756$276
22 years$1,836$1,451$1,135$880$678$233
23 years$1,738$1,357$1,048$802$609$197
24 years$1,648$1,271$969$731$547$167
25 years$1,565$1,193$898$668$492$141
26 years$1,489$1,121$832$611$443$120
27 years$1,418$1,055$773$559$400$101
28 years$1,353$994$719$512$361$86
29 years$1,292$938$669$470$326$73
30 years$1,236$886$623$431$294$62
31 years$1,183$837$581$396$266$52
32 years$1,133$792$542$364$241$44
33 years$1,087$750$506$334$218$38
34 years$1,044$711$473$308$197$32
35 years$1,003$675$442$283$179$27
36 years$964$640$413$261$162$23
37 years$928$608$387$240$147$19
38 years$893$578$362$222$133$17
39 years$861$549$339$204$121$14
40 years$830$523$318$188$109$12
41 years$801$498$298$174$99$10
42 years$773$474$280$160$90$9
43 years$746$452$263$148$82$7
44 years$721$430$247$137$74$6
45 years$697$410$231$126$67$5
46 years$674$392$217$117$61$4
47 years$653$374$204$108$56$4
48 years$632$357$192$100$50$3
49 years$612$341$180$92$46$3
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 $4,072 every year, while hoping to spend $43,812 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: 52/41/7 Blend
52$607,000$607,000$607,000$607,000
53$673,114$640,943$631,535$706,756
54$695,156$625,734$606,076$714,839
55$717,978$608,311$578,295$718,525
56$741,613$588,519$548,069$721,484
57$766,097$566,196$515,269$723,658
58$791,466$541,167$479,757$724,983
59$817,761$513,249$441,394$725,394
60$845,023$482,249$400,031$724,820
61$873,297$447,960$355,514$723,188
62$902,630$410,168$307,681$720,420
63$933,074$368,641$256,364$716,435
64$964,681$323,139$201,386$711,147
65$997,511$273,404$142,564$704,465
66$1,031,623$219,168$79,707$696,294
67$1,067,085$160,143$12,613$686,536
68$1,103,966$96,028$0$675,086
69$1,142,342$26,505$0$666,240
70$1,182,294$0$0$656,769
71$1,223,910$0$0$667,629
72$1,267,283$0$0$691,421
73$1,312,513$0$0$716,244
74$1,359,710$0$0$742,159
75$1,408,990$0$0$769,233
76$1,460,481$0$0$797,537
77$1,514,319$0$0$827,148
78$1,570,651$0$0$858,149
79$1,629,638$0$0$890,632
80$1,691,454$0$0$924,693
81$1,756,286$0$0$960,440
82$1,824,339$0$0$997,989
83$1,895,833$0$0$1,037,464
84$1,971,011$0$0$1,079,002
85$2,050,133$0$0$1,122,753
86$2,133,485$0$0$1,168,877
87$2,221,378$0$0$1,217,552
88$2,314,149$0$0$1,268,969
89$2,412,168$0$0$1,323,338
90$2,515,838$0$0$1,380,889
91$2,625,597$0$0$1,441,870
92$2,741,925$0$0$1,506,556
93$2,865,348$0$0$1,575,244
94$2,996,437$0$0$1,648,262
95$3,135,820$0$0$1,725,967
96$3,284,184$0$0$1,808,749
97$3,442,278$0$0$1,897,037
98$3,610,926$0$0$1,991,300
99$3,791,029$0$0$2,092,052
100$3,983,573$0$0$2,199,857