Can I retire at age 53 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$50,704$50,252$49,811$49,381$48,961$48,170
2 years$25,101$24,633$24,180$23,741$23,315$22,520
3 years$16,568$16,098$15,646$15,211$14,792$14,018
4 years$12,302$11,834$11,386$10,959$10,550$9,803
5 years$9,743$9,278$8,836$8,417$8,020$7,302
6 years$8,038$7,576$7,141$6,731$6,346$5,658
7 years$6,820$6,362$5,934$5,534$5,161$4,503
8 years$5,907$5,454$5,033$4,643$4,281$3,654
9 years$5,198$4,748$4,335$3,954$3,606$3,007
10 years$4,631$4,186$3,779$3,409$3,072$2,503
11 years$4,167$3,726$3,327$2,967$2,642$2,102
12 years$3,780$3,344$2,953$2,602$2,290$1,777
13 years$3,454$3,022$2,638$2,297$1,997$1,511
14 years$3,174$2,747$2,370$2,039$1,750$1,291
15 years$2,932$2,510$2,140$1,819$1,541$1,108
16 years$2,720$2,303$1,940$1,628$1,362$953
17 years$2,534$2,121$1,766$1,463$1,208$823
18 years$2,368$1,959$1,612$1,319$1,074$712
19 years$2,220$1,816$1,475$1,191$957$617
20 years$2,087$1,688$1,354$1,079$855$535
21 years$1,967$1,572$1,246$979$765$466
22 years$1,857$1,467$1,148$890$686$405
23 years$1,758$1,372$1,060$811$616$353
24 years$1,667$1,286$980$740$553$308
25 years$1,583$1,207$908$675$498$269
26 years$1,506$1,134$842$618$448$235
27 years$1,435$1,067$782$565$404$205
28 years$1,368$1,006$727$518$365$180
29 years$1,307$949$676$475$329$157
30 years$1,250$896$630$436$298$138
31 years$1,196$847$587$400$269$121
32 years$1,146$801$548$368$243$106
33 years$1,100$759$512$338$220$93
34 years$1,056$719$478$311$199$81
35 years$1,014$682$447$287$181$71
36 years$975$648$418$264$164$62
37 years$938$615$391$243$148$55
38 years$904$585$367$224$134$48
39 years$871$556$343$207$122$42
40 years$839$529$322$191$111$37
41 years$810$503$302$176$100$32
42 years$782$479$283$162$91$28
43 years$755$457$266$150$83$25
44 years$730$435$249$138$75$22
45 years$705$415$234$128$68$19
46 years$682$396$220$118$62$17
47 years$660$378$207$109$56$15
48 years$639$361$194$101$51$13
49 years$619$345$182$93$46$11
50 years$599$329$172$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $614,000, adding $5,663 every year, while hoping to spend $21,631 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: 70/20/10 Blend
52$614,000$614,000$614,000$614,000
53$682,469$649,927$640,410$728,504
54$729,066$658,759$638,849$768,580
55$779,691$667,298$636,510$809,243
56$834,731$675,507$633,345$853,160
57$894,614$683,348$629,303$900,646
58$959,810$690,777$624,330$952,050
59$1,030,835$697,749$618,369$1,007,754
60$1,108,257$704,216$611,362$1,068,182
61$1,192,704$710,127$603,247$1,133,800
62$1,284,863$715,427$593,959$1,205,120
63$1,385,494$720,057$583,431$1,282,708
64$1,495,430$723,956$571,592$1,367,189
65$1,615,592$727,058$558,368$1,459,249
66$1,746,990$729,291$543,681$1,559,646
67$1,890,739$730,582$527,450$1,669,216
68$2,048,065$730,852$509,591$1,788,880
69$2,220,319$730,015$490,014$1,919,653
70$2,408,989$727,983$468,627$2,062,654
71$2,615,713$724,661$445,332$2,219,116
72$2,842,293$719,948$420,029$2,390,401
73$3,090,719$713,736$392,611$2,578,006
74$3,363,176$705,914$362,968$2,783,586
75$3,662,076$696,360$330,984$3,008,962
76$3,990,074$684,947$296,537$3,256,142
77$4,350,093$671,541$259,503$3,527,342
78$4,745,354$655,998$219,748$3,825,002
79$5,179,406$638,168$177,135$4,151,814
80$5,656,157$617,890$131,521$4,510,744
81$6,179,913$594,994$82,755$4,905,063
82$6,755,417$569,302$30,680$5,338,377
83$7,387,895$540,623$0$5,814,658
84$8,083,104$508,757$0$6,340,946
85$8,847,385$473,491$0$6,923,079
86$9,687,727$434,600$0$7,563,124
87$10,611,828$391,849$0$8,266,970
88$11,628,170$344,985$0$9,041,106
89$12,746,098$293,743$0$9,892,686
90$13,975,907$237,844$0$10,829,593
91$15,328,943$176,992$0$11,860,517
92$16,817,705$110,874$0$12,995,033
93$18,455,965$39,161$0$14,243,697
94$20,258,897$0$0$15,618,140
95$22,243,221$0$0$17,139,657
96$24,427,361$0$0$18,823,911
97$26,831,616$0$0$20,677,944
98$29,478,354$0$0$22,719,009
99$32,392,222$0$0$24,966,117
100$35,600,377$0$0$27,440,219