Can I retire at age 53 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$50,456$50,006$49,568$49,140$48,722$48,456
2 years$24,978$24,513$24,062$23,625$23,201$22,932
3 years$16,487$16,019$15,570$15,137$14,720$14,457
4 years$12,242$11,776$11,331$10,905$10,498$10,243
5 years$9,696$9,233$8,793$8,376$7,981$7,734
6 years$7,999$7,539$7,106$6,699$6,315$6,077
7 years$6,787$6,331$5,905$5,507$5,136$4,907
8 years$5,879$5,427$5,008$4,620$4,260$4,041
9 years$5,172$4,725$4,314$3,935$3,588$3,378
10 years$4,608$4,165$3,761$3,392$3,057$2,856
11 years$4,146$3,708$3,311$2,952$2,629$2,437
12 years$3,762$3,328$2,938$2,589$2,278$2,095
13 years$3,437$3,008$2,625$2,286$1,987$1,812
14 years$3,159$2,734$2,359$2,029$1,742$1,575
15 years$2,918$2,497$2,130$1,810$1,533$1,375
16 years$2,707$2,291$1,931$1,620$1,355$1,205
17 years$2,521$2,110$1,757$1,456$1,202$1,059
18 years$2,356$1,950$1,604$1,312$1,068$933
19 years$2,209$1,807$1,468$1,186$952$824
20 years$2,077$1,679$1,347$1,074$851$729
21 years$1,957$1,564$1,239$975$761$646
22 years$1,848$1,460$1,142$886$682$574
23 years$1,749$1,366$1,055$807$613$510
24 years$1,659$1,280$975$736$551$454
25 years$1,575$1,201$903$672$495$405
26 years$1,498$1,129$838$615$446$361
27 years$1,428$1,062$778$563$402$322
28 years$1,362$1,001$723$515$363$288
29 years$1,301$944$673$473$328$257
30 years$1,244$892$627$434$296$230
31 years$1,191$843$585$398$268$206
32 years$1,141$798$545$366$242$184
33 years$1,094$755$509$337$219$165
34 years$1,050$716$476$310$198$148
35 years$1,009$679$445$285$180$132
36 years$970$644$416$263$163$119
37 years$934$612$389$242$148$106
38 years$899$582$365$223$134$95
39 years$866$553$342$206$121$85
40 years$835$526$320$190$110$77
41 years$806$501$300$175$100$69
42 years$778$477$282$162$91$62
43 years$751$455$264$149$82$55
44 years$726$433$248$138$75$50
45 years$702$413$233$127$68$45
46 years$679$394$219$117$62$40
47 years$657$376$206$109$56$36
48 years$636$359$193$100$51$32
49 years$616$343$182$93$46$29
50 years$597$328$171$86$42$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $611,000, adding $4,190 every year, while hoping to spend $37,261 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: 33/41/26 Blend
52$611,000$611,000$611,000$611,000
53$677,644$645,261$635,790$694,526
54$707,118$637,233$617,444$699,608
55$738,350$627,564$597,234$701,454
56$771,479$616,132$575,059$702,707
57$806,659$602,811$550,812$703,339
58$844,057$587,467$524,383$703,324
59$883,855$569,957$495,654$702,634
60$926,254$550,131$464,505$701,247
61$971,474$527,830$430,808$699,139
62$1,019,755$502,884$394,430$696,290
63$1,071,359$475,115$355,233$692,681
64$1,126,577$444,334$313,072$688,297
65$1,185,724$410,343$267,796$683,127
66$1,249,147$372,929$219,247$677,164
67$1,317,227$331,870$167,259$670,407
68$1,390,383$286,930$111,660$662,859
69$1,469,072$237,860$52,272$654,533
70$1,553,800$184,397$0$645,448
71$1,645,118$126,263$0$638,715
72$1,743,635$63,165$0$646,967
73$1,850,019$0$0$655,798
74$1,965,002$0$0$667,682
75$2,089,391$0$0$711,440
76$2,224,073$0$0$758,894
77$2,370,022$0$0$810,398
78$2,528,309$0$0$866,339
79$2,700,112$0$0$927,144
80$2,886,727$0$0$993,283
81$3,089,581$0$0$1,065,273
82$3,310,240$0$0$1,143,681
83$3,550,430$0$0$1,229,135
84$3,812,050$0$0$1,322,322
85$4,097,188$0$0$1,424,001
86$4,408,145$0$0$1,535,005
87$4,747,449$0$0$1,656,253
88$5,117,888$0$0$1,788,755
89$5,522,527$0$0$1,933,625
90$5,964,741$0$0$2,092,087
91$6,448,246$0$0$2,265,492
92$6,977,136$0$0$2,455,324
93$7,555,913$0$0$2,663,220
94$8,189,540$0$0$2,890,981
95$8,883,479$0$0$3,140,591
96$9,643,746$0$0$3,414,236
97$10,476,966$0$0$3,714,321
98$11,390,435$0$0$4,043,498
99$12,392,190$0$0$4,404,685
100$13,491,081$0$0$4,801,100