Can I retire at age 53 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$50,538$50,088$49,649$49,220$48,802$47,221
2 years$25,019$24,553$24,101$23,664$23,239$21,661
3 years$16,514$16,046$15,595$15,162$14,744$13,218
4 years$12,262$11,795$11,349$10,923$10,515$9,054
5 years$9,711$9,248$8,808$8,390$7,994$6,600
6 years$8,012$7,551$7,118$6,709$6,325$5,001
7 years$6,798$6,342$5,915$5,516$5,144$3,889
8 years$5,888$5,436$5,016$4,627$4,267$3,081
9 years$5,181$4,733$4,321$3,942$3,594$2,474
10 years$4,615$4,172$3,767$3,398$3,062$2,008
11 years$4,153$3,714$3,316$2,957$2,633$1,642
12 years$3,768$3,333$2,943$2,594$2,282$1,352
13 years$3,443$3,012$2,629$2,290$1,990$1,118
14 years$3,164$2,738$2,363$2,033$1,744$929
15 years$2,922$2,501$2,133$1,813$1,536$775
16 years$2,711$2,295$1,934$1,623$1,357$647
17 years$2,525$2,114$1,760$1,458$1,204$542
18 years$2,360$1,953$1,606$1,314$1,070$455
19 years$2,213$1,810$1,471$1,188$954$383
20 years$2,080$1,682$1,350$1,076$852$322
21 years$1,960$1,567$1,241$976$762$271
22 years$1,851$1,463$1,144$888$683$229
23 years$1,752$1,368$1,056$808$614$193
24 years$1,661$1,282$977$737$551$163
25 years$1,578$1,203$905$673$496$138
26 years$1,501$1,130$839$616$447$117
27 years$1,430$1,064$779$563$403$99
28 years$1,364$1,002$725$516$364$83
29 years$1,303$946$674$473$328$71
30 years$1,246$893$628$434$297$60
31 years$1,193$844$585$399$268$51
32 years$1,143$799$546$367$243$43
33 years$1,096$757$510$337$220$36
34 years$1,052$717$477$310$199$31
35 years$1,011$680$446$286$180$26
36 years$972$645$417$263$163$22
37 years$935$613$390$242$148$19
38 years$901$583$365$223$134$16
39 years$868$554$342$206$122$13
40 years$837$527$321$190$110$11
41 years$807$502$301$175$100$10
42 years$779$478$282$162$91$8
43 years$753$455$265$149$82$7
44 years$727$434$249$138$75$6
45 years$703$414$233$127$68$5
46 years$680$395$219$118$62$4
47 years$658$377$206$109$56$4
48 years$637$360$194$100$51$3
49 years$617$343$182$93$46$3
50 years$598$328$171$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $612,000, adding $2,728 every year, while hoping to spend $20,967 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: 72/8/20 Blend
52$612,000$612,000$612,000$612,000
53$677,238$644,802$635,316$722,543
54$724,007$654,089$634,290$762,331
55$774,845$663,127$632,528$803,120
56$830,143$671,884$629,981$847,265
57$890,333$680,323$626,601$895,095
58$955,892$688,403$622,337$946,974
59$1,027,342$696,084$617,135$1,003,301
60$1,105,260$703,321$610,937$1,064,519
61$1,190,278$710,066$603,686$1,131,115
62$1,283,096$716,268$595,318$1,203,624
63$1,384,480$721,874$585,770$1,282,639
64$1,495,276$726,825$574,973$1,368,811
65$1,616,416$731,061$562,856$1,462,859
66$1,748,923$734,515$549,344$1,565,576
67$1,893,926$737,120$534,360$1,677,835
68$2,052,668$738,800$517,823$1,800,598
69$2,226,517$739,478$499,647$1,934,928
70$2,416,979$739,070$479,742$2,081,994
71$2,625,715$737,488$458,017$2,243,087
72$2,854,551$734,638$434,374$2,419,628
73$3,105,500$730,420$408,710$2,613,185
74$3,380,779$724,729$380,920$2,825,487
75$3,682,829$717,452$350,892$3,058,439
76$4,014,341$708,470$318,510$3,314,140
77$4,378,277$697,658$283,654$3,594,906
78$4,777,901$684,883$246,195$3,903,289
79$5,216,807$670,002$206,003$4,242,102
80$5,698,955$652,866$162,938$4,614,447
81$6,228,708$633,316$116,856$5,023,741
82$6,810,873$611,185$67,607$5,473,753
83$7,450,744$586,295$15,034$5,968,638
84$8,154,154$558,458$0$6,512,973
85$8,927,531$527,476$0$7,120,570
86$9,777,954$493,137$0$7,792,223
87$10,713,224$455,219$0$8,530,889
88$11,741,936$413,488$0$9,343,368
89$12,873,560$367,695$0$10,237,153
90$14,118,528$317,578$0$11,220,500
91$15,488,338$262,859$0$12,302,506
92$16,995,653$203,244$0$13,493,197
93$18,654,432$138,425$0$14,803,618
94$20,480,050$68,074$0$16,245,944
95$22,489,452$0$0$17,833,589
96$24,701,306$0$0$19,582,052
97$27,136,185$0$0$21,513,448
98$29,816,754$0$0$23,639,768
99$32,767,991$0$0$25,980,830
100$36,017,417$0$0$28,558,468