Can I retire at age 53 with 613,000?

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 $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%14.8%
1 years$50,621$50,170$49,730$49,301$48,881$47,914
2 years$25,060$24,593$24,141$23,702$23,277$22,306
3 years$16,541$16,072$15,621$15,186$14,768$13,824
4 years$12,282$11,815$11,368$10,941$10,533$9,624
5 years$9,727$9,263$8,822$8,404$8,007$7,135
6 years$8,025$7,564$7,129$6,720$6,335$5,501
7 years$6,809$6,352$5,925$5,525$5,152$4,356
8 years$5,898$5,445$5,025$4,635$4,274$3,516
9 years$5,189$4,741$4,328$3,948$3,600$2,879
10 years$4,623$4,179$3,773$3,403$3,067$2,383
11 years$4,160$3,720$3,322$2,962$2,638$1,990
12 years$3,774$3,339$2,948$2,598$2,286$1,673
13 years$3,448$3,017$2,634$2,294$1,993$1,414
14 years$3,169$2,743$2,366$2,036$1,747$1,201
15 years$2,927$2,506$2,137$1,816$1,538$1,024
16 years$2,716$2,299$1,937$1,626$1,360$875
17 years$2,530$2,117$1,763$1,461$1,206$751
18 years$2,364$1,956$1,609$1,316$1,072$645
19 years$2,216$1,813$1,473$1,190$955$555
20 years$2,083$1,685$1,352$1,077$853$479
21 years$1,963$1,569$1,243$978$764$414
22 years$1,854$1,465$1,146$889$685$358
23 years$1,755$1,370$1,058$810$615$309
24 years$1,664$1,284$979$738$552$268
25 years$1,580$1,205$906$674$497$232
26 years$1,503$1,132$841$617$448$202
27 years$1,432$1,066$781$564$404$175
28 years$1,366$1,004$726$517$364$152
29 years$1,305$947$675$474$329$132
30 years$1,248$895$629$435$297$115
31 years$1,194$846$586$400$269$100
32 years$1,145$800$547$367$243$87
33 years$1,098$758$511$338$220$75
34 years$1,054$718$477$311$199$66
35 years$1,013$681$446$286$180$57
36 years$974$647$417$263$163$50
37 years$937$614$391$243$148$43
38 years$902$584$366$224$134$38
39 years$869$555$343$206$122$33
40 years$838$528$321$190$110$28
41 years$809$503$301$176$100$25
42 years$780$479$283$162$91$22
43 years$754$456$265$150$83$19
44 years$728$435$249$138$75$16
45 years$704$415$234$128$68$14
46 years$681$395$220$118$62$12
47 years$659$377$206$109$56$11
48 years$638$360$194$101$51$9
49 years$618$344$182$93$46$8
50 years$599$329$171$86$42$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $613,000, adding $5,106 every year, while hoping to spend $27,482 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: 37/36/27 Blend
52$613,000$613,000$613,000$613,000
53$680,793$648,304$638,802$700,327
54$720,993$650,830$630,962$717,708
55$764,373$652,559$621,937$733,589
56$811,227$653,423$611,660$750,213
57$861,880$653,349$600,059$767,665
58$916,689$652,260$587,058$786,039
59$976,046$650,075$572,579$805,443
60$1,040,382$646,708$556,540$825,997
61$1,110,170$642,066$538,853$847,835
62$1,185,933$636,052$519,430$871,110
63$1,268,242$628,563$498,175$895,988
64$1,357,730$619,490$474,991$922,658
65$1,455,089$608,716$449,774$951,331
66$1,561,084$596,119$422,417$982,241
67$1,676,554$581,567$392,807$1,015,651
68$1,802,423$564,925$360,827$1,051,853
69$1,939,708$546,045$326,353$1,091,172
70$2,089,531$524,773$289,258$1,133,971
71$2,253,122$500,946$249,407$1,180,653
72$2,431,839$474,391$206,661$1,231,667
73$2,627,175$444,925$160,873$1,287,513
74$2,840,776$412,355$111,891$1,348,745
75$3,074,451$376,476$59,555$1,415,981
76$3,330,194$337,072$3,699$1,489,904
77$3,610,200$293,916$0$1,571,277
78$3,916,888$246,765$0$1,677,050
79$4,252,919$195,364$0$1,794,236
80$4,621,225$139,445$0$1,922,862
81$5,025,035$78,723$0$2,064,138
82$5,467,906$12,898$0$2,219,399
83$5,953,754$0$0$2,390,123
84$6,486,895$0$0$2,601,055
85$7,072,081$0$0$2,838,276
86$7,714,547$0$0$3,098,808
87$8,420,060$0$0$3,385,002
88$9,194,971$0$0$3,699,446
89$10,046,280$0$0$4,044,993
90$10,981,695$0$0$4,424,784
91$12,009,709$0$0$4,842,280
92$13,139,678$0$0$5,301,296
93$14,381,912$0$0$5,806,031
94$15,747,766$0$0$6,361,116
95$17,249,752$0$0$6,971,649
96$18,901,656$0$0$7,643,251
97$20,718,665$0$0$8,382,112
98$22,717,515$0$0$9,195,053
99$24,916,641$0$0$10,089,589
100$27,336,360$0$0$11,074,003