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%12.4%
1 years$50,291$49,843$49,406$48,979$48,563$48,075
2 years$24,896$24,433$23,983$23,548$23,125$22,634
3 years$16,433$15,967$15,519$15,087$14,671$14,193
4 years$12,202$11,737$11,294$10,869$10,464$10,000
5 years$9,664$9,202$8,764$8,349$7,954$7,508
6 years$7,972$7,514$7,083$6,677$6,294$5,865
7 years$6,765$6,311$5,886$5,489$5,119$4,707
8 years$5,859$5,409$4,992$4,605$4,247$3,852
9 years$5,156$4,710$4,299$3,922$3,576$3,199
10 years$4,593$4,151$3,748$3,381$3,047$2,687
11 years$4,133$3,696$3,300$2,942$2,621$2,277
12 years$3,750$3,317$2,929$2,581$2,271$1,944
13 years$3,426$2,998$2,617$2,279$1,980$1,670
14 years$3,148$2,725$2,351$2,023$1,736$1,441
15 years$2,908$2,489$2,123$1,804$1,528$1,249
16 years$2,698$2,284$1,924$1,615$1,351$1,086
17 years$2,513$2,103$1,751$1,451$1,198$947
18 years$2,349$1,944$1,599$1,308$1,065$828
19 years$2,202$1,801$1,463$1,182$949$726
20 years$2,070$1,674$1,343$1,070$848$637
21 years$1,951$1,559$1,235$971$759$560
22 years$1,842$1,455$1,139$883$680$493
23 years$1,743$1,361$1,051$804$611$435
24 years$1,653$1,275$972$734$549$384
25 years$1,570$1,197$901$670$494$339
26 years$1,494$1,125$835$613$445$300
27 years$1,423$1,059$776$561$401$265
28 years$1,357$998$721$514$362$235
29 years$1,296$941$671$471$327$208
30 years$1,240$889$625$432$295$184
31 years$1,187$840$583$397$267$163
32 years$1,137$795$544$365$241$145
33 years$1,091$753$508$336$219$129
34 years$1,047$713$474$309$198$114
35 years$1,006$677$443$284$179$101
36 years$967$642$415$262$162$90
37 years$931$610$388$241$147$80
38 years$896$580$364$222$133$71
39 years$864$551$341$205$121$63
40 years$833$525$319$189$110$56
41 years$803$499$299$174$100$50
42 years$775$476$281$161$90$44
43 years$749$453$263$149$82$39
44 years$724$432$247$137$74$35
45 years$700$412$232$127$68$31
46 years$677$393$218$117$61$28
47 years$655$375$205$108$56$25
48 years$634$358$193$100$51$22
49 years$614$342$181$92$46$19
50 years$595$326$170$85$42$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $609,000, adding $3,924 every year, while hoping to spend $34,858 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: 66/6/28 Blend
52$609,000$609,000$609,000$609,000
53$675,166$642,889$633,449$714,510
54$706,944$637,302$617,581$735,955
55$740,795$630,272$600,013$755,143
56$776,894$621,694$580,651$775,352
57$815,432$611,452$559,398$796,685
58$856,619$599,425$536,151$819,259
59$900,684$585,487$510,802$843,201
60$947,880$569,502$483,240$868,654
61$998,483$551,326$453,347$895,776
62$1,052,795$530,808$421,001$924,743
63$1,111,150$507,788$386,074$955,748
64$1,173,912$482,095$348,433$989,010
65$1,241,483$453,549$307,938$1,024,768
66$1,314,304$421,962$264,443$1,063,288
67$1,392,857$387,132$217,795$1,104,865
68$1,477,673$348,847$167,837$1,149,826
69$1,569,338$306,883$114,401$1,198,535
70$1,668,492$261,001$57,315$1,251,392
71$1,775,841$210,953$0$1,308,844
72$1,892,160$156,473$0$1,372,459
73$2,018,302$97,282$0$1,460,051
74$2,155,204$33,084$0$1,555,141
75$2,303,898$0$0$1,658,458
76$2,465,518$0$0$1,773,212
77$2,641,312$0$0$1,900,440
78$2,832,652$0$0$2,038,955
79$3,041,050$0$0$2,189,857
80$3,268,168$0$0$2,354,352
81$3,515,835$0$0$2,533,772
82$3,786,065$0$0$2,729,580
83$4,081,074$0$0$2,943,387
84$4,403,302$0$0$3,176,967
85$4,755,436$0$0$3,432,273
86$5,140,431$0$0$3,711,454
87$5,561,544$0$0$4,016,879
88$6,022,360$0$0$4,351,152
89$6,526,825$0$0$4,717,146
90$7,079,286$0$0$5,118,018
91$7,684,530$0$0$5,557,252
92$8,347,829$0$0$6,038,678
93$9,074,987$0$0$6,566,520
94$9,872,400$0$0$7,145,426
95$10,747,109$0$0$7,780,519
96$11,706,872$0$0$8,477,437
97$12,760,233$0$0$9,242,396
98$13,916,603$0$0$10,082,238
99$15,186,350$0$0$11,004,504
100$16,580,895$0$0$12,017,497