Can I retire at age 53 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$50,291$49,843$49,406$48,979$48,563$48,095
2 years$24,896$24,433$23,983$23,548$23,125$22,654
3 years$16,433$15,967$15,519$15,087$14,671$14,212
4 years$12,202$11,737$11,294$10,869$10,464$10,019
5 years$9,664$9,202$8,764$8,349$7,954$7,526
6 years$7,972$7,514$7,083$6,677$6,294$5,882
7 years$6,765$6,311$5,886$5,489$5,119$4,723
8 years$5,859$5,409$4,992$4,605$4,247$3,868
9 years$5,156$4,710$4,299$3,922$3,576$3,214
10 years$4,593$4,151$3,748$3,381$3,047$2,701
11 years$4,133$3,696$3,300$2,942$2,621$2,291
12 years$3,750$3,317$2,929$2,581$2,271$1,957
13 years$3,426$2,998$2,617$2,279$1,980$1,682
14 years$3,148$2,725$2,351$2,023$1,736$1,452
15 years$2,908$2,489$2,123$1,804$1,528$1,259
16 years$2,698$2,284$1,924$1,615$1,351$1,096
17 years$2,513$2,103$1,751$1,451$1,198$956
18 years$2,349$1,944$1,599$1,308$1,065$837
19 years$2,202$1,801$1,463$1,182$949$734
20 years$2,070$1,674$1,343$1,070$848$645
21 years$1,951$1,559$1,235$971$759$567
22 years$1,842$1,455$1,139$883$680$500
23 years$1,743$1,361$1,051$804$611$441
24 years$1,653$1,275$972$734$549$390
25 years$1,570$1,197$901$670$494$344
26 years$1,494$1,125$835$613$445$305
27 years$1,423$1,059$776$561$401$270
28 years$1,357$998$721$514$362$239
29 years$1,296$941$671$471$327$212
30 years$1,240$889$625$432$295$188
31 years$1,187$840$583$397$267$167
32 years$1,137$795$544$365$241$148
33 years$1,091$753$508$336$219$132
34 years$1,047$713$474$309$198$117
35 years$1,006$677$443$284$179$104
36 years$967$642$415$262$162$92
37 years$931$610$388$241$147$82
38 years$896$580$364$222$133$73
39 years$864$551$341$205$121$65
40 years$833$525$319$189$110$58
41 years$803$499$299$174$100$51
42 years$775$476$281$161$90$46
43 years$749$453$263$149$82$41
44 years$724$432$247$137$74$36
45 years$700$412$232$127$68$32
46 years$677$393$218$117$61$29
47 years$655$375$205$108$56$25
48 years$634$358$193$100$51$23
49 years$614$342$181$92$46$20
50 years$595$326$170$85$42$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $609,000, adding $2,534 every year, while hoping to spend $46,135 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: 65/26/9 Blend
52$609,000$609,000$609,000$609,000
53$673,732$641,455$632,015$716,117
54$693,365$623,799$604,101$727,011
55$713,455$603,731$573,704$733,227
56$733,999$581,086$540,695$738,827
57$754,993$555,685$504,935$743,746
58$776,432$527,343$466,279$747,916
59$798,306$495,862$424,578$751,264
60$820,607$461,032$379,675$753,710
61$843,319$422,634$331,405$755,169
62$866,428$380,432$279,596$755,550
63$889,911$334,181$224,071$754,755
64$913,746$283,620$164,641$752,677
65$937,903$228,472$101,112$749,204
66$962,350$168,448$33,279$744,213
67$987,046$103,239$0$737,573
68$1,011,948$32,520$0$732,897
69$1,037,002$0$0$729,934
70$1,062,150$0$0$737,945
71$1,087,324$0$0$755,256
72$1,112,445$0$0$772,507
73$1,137,426$0$0$789,634
74$1,162,168$0$0$806,566
75$1,186,559$0$0$823,222
76$1,210,472$0$0$839,509
77$1,233,764$0$0$855,326
78$1,256,277$0$0$870,556
79$1,277,832$0$0$885,072
80$1,298,227$0$0$898,729
81$1,317,240$0$0$911,365
82$1,334,619$0$0$922,801
83$1,350,087$0$0$932,835
84$1,363,331$0$0$941,243
85$1,374,005$0$0$947,777
86$1,381,724$0$0$952,159
87$1,386,059$0$0$954,081
88$1,386,534$0$0$953,200
89$1,382,618$0$0$949,135
90$1,373,724$0$0$941,466
91$1,359,201$0$0$929,723
92$1,338,325$0$0$913,388
93$1,310,295$0$0$891,884
94$1,274,223$0$0$864,576
95$1,229,125$0$0$830,756
96$1,173,913$0$0$789,643
97$1,107,381$0$0$740,372
98$1,028,195$0$0$681,986
99$934,880$0$0$613,427
100$825,803$0$0$533,525