Can I retire at age 53 with 613,000?

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 $613,000?

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 years$50,621$50,170$49,730$49,301$48,881$47,488
2 years$25,060$24,593$24,141$23,702$23,277$21,884
3 years$16,541$16,072$15,621$15,186$14,768$13,419
4 years$12,282$11,815$11,368$10,941$10,533$9,238
5 years$9,727$9,263$8,822$8,404$8,007$6,770
6 years$8,025$7,564$7,129$6,720$6,335$5,158
7 years$6,809$6,352$5,925$5,525$5,152$4,034
8 years$5,898$5,445$5,025$4,635$4,274$3,214
9 years$5,189$4,741$4,328$3,948$3,600$2,597
10 years$4,623$4,179$3,773$3,403$3,067$2,121
11 years$4,160$3,720$3,322$2,962$2,638$1,746
12 years$3,774$3,339$2,948$2,598$2,286$1,447
13 years$3,448$3,017$2,634$2,294$1,993$1,205
14 years$3,169$2,743$2,366$2,036$1,747$1,008
15 years$2,927$2,506$2,137$1,816$1,538$846
16 years$2,716$2,299$1,937$1,626$1,360$713
17 years$2,530$2,117$1,763$1,461$1,206$601
18 years$2,364$1,956$1,609$1,316$1,072$508
19 years$2,216$1,813$1,473$1,190$955$431
20 years$2,083$1,685$1,352$1,077$853$365
21 years$1,963$1,569$1,243$978$764$310
22 years$1,854$1,465$1,146$889$685$264
23 years$1,755$1,370$1,058$810$615$224
24 years$1,664$1,284$979$738$552$191
25 years$1,580$1,205$906$674$497$163
26 years$1,503$1,132$841$617$448$139
27 years$1,432$1,066$781$564$404$118
28 years$1,366$1,004$726$517$364$101
29 years$1,305$947$675$474$329$86
30 years$1,248$895$629$435$297$73
31 years$1,194$846$586$400$269$63
32 years$1,145$800$547$367$243$53
33 years$1,098$758$511$338$220$46
34 years$1,054$718$477$311$199$39
35 years$1,013$681$446$286$180$33
36 years$974$647$417$263$163$28
37 years$937$614$391$243$148$24
38 years$902$584$366$224$134$21
39 years$869$555$343$206$122$18
40 years$838$528$321$190$110$15
41 years$809$503$301$176$100$13
42 years$780$479$283$162$91$11
43 years$754$456$265$150$83$9
44 years$728$435$249$138$75$8
45 years$704$415$234$128$68$7
46 years$681$395$220$118$62$6
47 years$659$377$206$109$56$5
48 years$638$360$194$101$51$4
49 years$618$344$182$93$46$4
50 years$599$329$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $613,000, adding $6,223 every year, while hoping to spend $24,934 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: 29/42/29 Blend
52$613,000$613,000$613,000$613,000
53$681,945$649,456$639,955$695,493
54$724,974$654,750$634,863$712,023
55$771,556$659,467$628,766$727,211
56$822,027$663,554$621,602$743,046
57$876,758$666,952$613,310$759,601
58$936,153$669,599$603,822$776,960
59$1,000,661$671,429$593,070$795,217
60$1,070,773$672,374$580,983$814,475
61$1,147,030$672,358$567,484$834,852
62$1,230,027$671,303$552,494$856,481
63$1,320,418$669,126$535,931$879,509
64$1,418,924$665,737$517,708$904,101
65$1,526,339$661,042$497,736$930,442
66$1,643,534$654,942$475,919$958,740
67$1,771,471$647,330$452,159$989,224
68$1,911,207$638,095$426,352$1,022,152
69$2,063,906$627,117$398,390$1,057,811
70$2,230,849$614,271$368,161$1,096,523
71$2,413,448$599,423$335,547$1,138,643
72$2,613,256$582,431$300,424$1,184,569
73$2,831,984$563,146$262,664$1,234,744
74$3,071,516$541,410$222,133$1,289,660
75$3,333,927$517,054$178,690$1,349,863
76$3,621,500$489,903$132,189$1,415,962
77$3,936,752$459,768$82,477$1,488,633
78$4,282,455$426,450$29,394$1,568,626
79$4,661,660$389,741$0$1,656,774
80$5,077,730$349,419$0$1,762,437
81$5,534,367$305,249$0$1,888,459
82$6,035,650$256,984$0$2,026,932
83$6,586,073$204,363$0$2,179,174
84$7,190,585$147,108$0$2,346,647
85$7,854,638$84,930$0$2,530,962
86$8,584,238$17,519$0$2,733,903
87$9,386,004$0$0$2,957,442
88$10,267,223$0$0$3,229,384
89$11,235,929$0$0$3,537,330
90$12,300,968$0$0$3,876,012
91$13,472,089$0$0$4,248,542
92$14,760,031$0$0$4,658,351
93$16,176,628$0$0$5,109,219
94$17,734,916$0$0$5,605,311
95$19,449,261$0$0$6,151,215
96$21,335,488$0$0$6,751,988
97$23,411,036$0$0$7,413,200
98$25,695,119$0$0$8,140,989
99$28,208,907$0$0$8,942,120
100$30,975,728$0$0$9,824,045