Can I retire at age 53 with 609,000?

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 $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%13.7%
1 years$50,291$49,843$49,406$48,979$48,563$47,817
2 years$24,896$24,433$23,983$23,548$23,125$22,376
3 years$16,433$15,967$15,519$15,087$14,671$13,942
4 years$12,202$11,737$11,294$10,869$10,464$9,759
5 years$9,664$9,202$8,764$8,349$7,954$7,277
6 years$7,972$7,514$7,083$6,677$6,294$5,645
7 years$6,765$6,311$5,886$5,489$5,119$4,498
8 years$5,859$5,409$4,992$4,605$4,247$3,653
9 years$5,156$4,710$4,299$3,922$3,576$3,011
10 years$4,593$4,151$3,748$3,381$3,047$2,509
11 years$4,133$3,696$3,300$2,942$2,621$2,109
12 years$3,750$3,317$2,929$2,581$2,271$1,786
13 years$3,426$2,998$2,617$2,279$1,980$1,521
14 years$3,148$2,725$2,351$2,023$1,736$1,301
15 years$2,908$2,489$2,123$1,804$1,528$1,118
16 years$2,698$2,284$1,924$1,615$1,351$963
17 years$2,513$2,103$1,751$1,451$1,198$832
18 years$2,349$1,944$1,599$1,308$1,065$721
19 years$2,202$1,801$1,463$1,182$949$626
20 years$2,070$1,674$1,343$1,070$848$544
21 years$1,951$1,559$1,235$971$759$474
22 years$1,842$1,455$1,139$883$680$413
23 years$1,743$1,361$1,051$804$611$361
24 years$1,653$1,275$972$734$549$315
25 years$1,570$1,197$901$670$494$276
26 years$1,494$1,125$835$613$445$241
27 years$1,423$1,059$776$561$401$211
28 years$1,357$998$721$514$362$185
29 years$1,296$941$671$471$327$162
30 years$1,240$889$625$432$295$142
31 years$1,187$840$583$397$267$125
32 years$1,137$795$544$365$241$109
33 years$1,091$753$508$336$219$96
34 years$1,047$713$474$309$198$84
35 years$1,006$677$443$284$179$74
36 years$967$642$415$262$162$65
37 years$931$610$388$241$147$57
38 years$896$580$364$222$133$50
39 years$864$551$341$205$121$44
40 years$833$525$319$189$110$39
41 years$803$499$299$174$100$34
42 years$775$476$281$161$90$30
43 years$749$453$263$149$82$26
44 years$724$432$247$137$74$23
45 years$700$412$232$127$68$20
46 years$677$393$218$117$61$18
47 years$655$375$205$108$56$16
48 years$634$358$193$100$51$14
49 years$614$342$181$92$46$12
50 years$595$326$170$85$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $609,000, adding $2,504 every year, while hoping to spend $21,494 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: 59/31/10 Blend
52$609,000$609,000$609,000$609,000
53$673,701$641,424$631,984$711,724
54$719,549$649,984$630,286$746,145
55$769,353$658,244$627,811$781,013
56$823,494$666,165$624,510$818,508
57$882,391$673,707$620,332$858,883
58$946,505$680,829$615,223$902,419
59$1,016,343$687,484$609,127$949,424
60$1,092,463$693,624$601,986$1,000,241
61$1,175,480$699,197$593,738$1,055,245
62$1,266,069$704,148$584,319$1,114,851
63$1,364,975$708,418$573,661$1,179,518
64$1,473,018$711,946$561,693$1,249,750
65$1,591,098$714,664$548,342$1,326,105
66$1,720,209$716,501$533,531$1,409,197
67$1,861,445$717,384$517,178$1,499,705
68$2,016,008$717,232$499,200$1,598,376
69$2,185,225$715,960$479,507$1,706,036
70$2,370,554$713,479$458,007$1,823,595
71$2,573,604$709,693$434,604$1,952,057
72$2,796,145$704,500$409,196$2,092,531
73$3,040,126$697,795$381,678$2,246,237
74$3,307,694$689,462$351,939$2,414,523
75$3,601,215$679,382$319,865$2,598,877
76$3,923,293$667,426$285,335$2,800,938
77$4,276,797$653,458$248,222$3,022,514
78$4,664,890$637,337$208,397$3,265,601
79$5,091,051$618,908$165,720$3,532,398
80$5,559,116$598,013$120,050$3,825,333
81$6,073,310$574,480$71,236$4,147,082
82$6,638,288$548,130$19,123$4,500,595
83$7,259,177$518,772$0$4,889,129
84$7,941,626$486,205$0$5,320,167
85$8,691,858$450,215$0$5,796,204
86$9,516,729$410,577$0$6,319,583
87$10,423,794$367,054$0$6,895,137
88$11,421,375$319,393$0$7,528,196
89$12,518,641$267,330$0$8,224,635
90$13,725,696$210,582$0$8,990,932
91$15,053,669$148,853$0$9,834,226
92$16,514,827$81,830$0$10,762,390
93$18,122,682$9,182$0$11,784,103
94$19,892,123$0$0$12,908,931
95$21,839,556$0$0$14,171,110
96$23,983,058$0$0$15,563,874
97$26,342,548$0$0$17,097,039
98$28,939,971$0$0$18,784,876
99$31,799,512$0$0$20,643,106
100$34,947,818$0$0$22,689,054