Can I retire at age 53 with 610,000?

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 $610,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$50,373$49,925$49,487$49,059$48,642$47,237
2 years$24,937$24,473$24,023$23,586$23,163$21,758
3 years$16,460$15,993$15,544$15,112$14,696$13,335
4 years$12,222$11,757$11,312$10,887$10,481$9,176
5 years$9,680$9,217$8,779$8,363$7,967$6,721
6 years$7,985$7,527$7,095$6,688$6,304$5,118
7 years$6,776$6,321$5,896$5,498$5,127$4,000
8 years$5,869$5,418$5,000$4,612$4,253$3,186
9 years$5,164$4,718$4,306$3,929$3,582$2,572
10 years$4,600$4,158$3,754$3,387$3,052$2,099
11 years$4,140$3,702$3,305$2,947$2,625$1,727
12 years$3,756$3,323$2,933$2,585$2,275$1,430
13 years$3,431$3,003$2,621$2,282$1,984$1,191
14 years$3,153$2,729$2,355$2,026$1,739$995
15 years$2,913$2,493$2,126$1,807$1,531$835
16 years$2,703$2,288$1,928$1,618$1,353$702
17 years$2,517$2,107$1,754$1,454$1,200$592
18 years$2,353$1,947$1,601$1,310$1,067$500
19 years$2,205$1,804$1,466$1,184$951$424
20 years$2,073$1,677$1,345$1,072$849$359
21 years$1,954$1,562$1,237$973$760$305
22 years$1,845$1,458$1,140$885$681$259
23 years$1,746$1,363$1,053$806$612$220
24 years$1,656$1,277$974$735$550$187
25 years$1,573$1,199$902$671$495$159
26 years$1,496$1,127$837$614$446$136
27 years$1,425$1,060$777$562$402$115
28 years$1,360$999$722$515$362$98
29 years$1,299$943$672$472$327$84
30 years$1,242$890$626$433$296$72
31 years$1,189$841$584$398$267$61
32 years$1,139$796$544$366$242$52
33 years$1,092$754$508$336$219$44
34 years$1,049$715$475$309$198$38
35 years$1,008$678$444$285$179$32
36 years$969$643$415$262$163$28
37 years$932$611$389$242$147$24
38 years$898$581$364$223$134$20
39 years$865$552$341$205$121$17
40 years$834$525$320$189$110$15
41 years$805$500$300$175$100$13
42 years$777$476$281$161$90$11
43 years$750$454$264$149$82$9
44 years$725$433$248$137$75$8
45 years$701$412$233$127$68$7
46 years$678$394$218$117$61$6
47 years$656$376$205$108$56$5
48 years$635$358$193$100$51$4
49 years$615$342$181$93$46$4
50 years$596$327$170$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $610,000, adding $5,188 every year, while hoping to spend $23,090 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: 32/39/29 Blend
52$610,000$610,000$610,000$610,000
53$677,571$645,241$635,786$693,139
54$722,116$652,291$632,518$712,591
55$770,431$658,911$628,366$731,140
56$822,875$665,058$623,276$750,672
57$879,845$670,683$617,193$771,291
58$941,777$675,734$610,056$793,110
59$1,009,149$680,157$601,805$816,258
60$1,082,490$683,892$592,373$840,878
61$1,162,380$686,878$581,693$867,129
62$1,249,457$689,049$569,694$895,186
63$1,344,423$690,335$556,301$925,248
64$1,448,054$690,661$541,436$957,534
65$1,561,199$689,947$525,018$992,285
66$1,684,797$688,110$506,962$1,029,774
67$1,819,879$685,060$487,177$1,070,301
68$1,967,581$680,702$465,572$1,114,200
69$2,129,154$674,937$442,049$1,161,842
70$2,305,976$667,656$416,505$1,213,637
71$2,499,562$658,748$388,834$1,270,044
72$2,711,582$648,092$358,926$1,331,567
73$2,943,876$635,561$326,663$1,398,771
74$3,198,469$621,021$291,923$1,472,276
75$3,477,592$604,330$254,582$1,552,774
76$3,783,701$585,337$214,505$1,641,029
77$4,119,502$563,882$171,554$1,737,890
78$4,487,975$539,796$125,585$1,844,294
79$4,892,404$512,901$76,447$1,961,282
80$5,336,404$483,008$23,983$2,090,003
81$5,823,958$449,917$0$2,231,732
82$6,359,456$413,416$0$2,397,782
83$6,947,729$373,283$0$2,588,373
84$7,594,105$329,281$0$2,797,856
85$8,304,448$281,160$0$3,028,197
86$9,085,222$228,658$0$3,281,568
87$9,943,548$171,495$0$3,560,365
88$10,887,269$109,378$0$3,867,233
89$11,925,029$41,995$0$4,205,092
90$13,066,348$0$0$4,577,166
91$14,321,719$0$0$5,000,307
92$15,702,699$0$0$5,485,718
93$17,222,025$0$0$6,019,865
94$18,893,727$0$0$6,607,695
95$20,733,268$0$0$7,254,658
96$22,757,682$0$0$7,966,761
97$24,985,739$0$0$8,750,620
98$27,438,121$0$0$9,613,527
99$30,137,617$0$0$10,563,516
100$33,109,337$0$0$11,609,441