Can I retire at age 53 with 614,000?

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 $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%17.4%
1 years$50,704$50,252$49,811$49,381$48,961$47,489
2 years$25,101$24,633$24,180$23,741$23,315$21,844
3 years$16,568$16,098$15,646$15,211$14,792$13,369
4 years$12,302$11,834$11,386$10,959$10,550$9,185
5 years$9,743$9,278$8,836$8,417$8,020$6,717
6 years$8,038$7,576$7,141$6,731$6,346$5,106
7 years$6,820$6,362$5,934$5,534$5,161$3,985
8 years$5,907$5,454$5,033$4,643$4,281$3,168
9 years$5,198$4,748$4,335$3,954$3,606$2,553
10 years$4,631$4,186$3,779$3,409$3,072$2,079
11 years$4,167$3,726$3,327$2,967$2,642$1,708
12 years$3,780$3,344$2,953$2,602$2,290$1,411
13 years$3,454$3,022$2,638$2,297$1,997$1,172
14 years$3,174$2,747$2,370$2,039$1,750$978
15 years$2,932$2,510$2,140$1,819$1,541$819
16 years$2,720$2,303$1,940$1,628$1,362$687
17 years$2,534$2,121$1,766$1,463$1,208$578
18 years$2,368$1,959$1,612$1,319$1,074$488
19 years$2,220$1,816$1,475$1,191$957$412
20 years$2,087$1,688$1,354$1,079$855$348
21 years$1,967$1,572$1,246$979$765$295
22 years$1,857$1,467$1,148$890$686$250
23 years$1,758$1,372$1,060$811$616$212
24 years$1,667$1,286$980$740$553$180
25 years$1,583$1,207$908$675$498$153
26 years$1,506$1,134$842$618$448$130
27 years$1,435$1,067$782$565$404$110
28 years$1,368$1,006$727$518$365$94
29 years$1,307$949$676$475$329$80
30 years$1,250$896$630$436$298$68
31 years$1,196$847$587$400$269$58
32 years$1,146$801$548$368$243$49
33 years$1,100$759$512$338$220$42
34 years$1,056$719$478$311$199$36
35 years$1,014$682$447$287$181$30
36 years$975$648$418$264$164$26
37 years$938$615$391$243$148$22
38 years$904$585$367$224$134$19
39 years$871$556$343$207$122$16
40 years$839$529$322$191$111$14
41 years$810$503$302$176$100$12
42 years$782$479$283$162$91$10
43 years$755$457$266$150$83$8
44 years$730$435$249$138$75$7
45 years$705$415$234$128$68$6
46 years$682$396$220$118$62$5
47 years$660$378$207$109$56$4
48 years$639$361$194$101$51$4
49 years$619$345$182$93$46$3
50 years$599$329$172$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $614,000, adding $5,664 every year, while hoping to spend $29,783 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: 41/43/16 Blend
52$614,000$614,000$614,000$614,000
53$682,470$649,928$640,411$707,017
54$720,394$650,086$630,176$725,091
55$761,187$649,253$618,600$741,301
56$805,111$647,350$605,607$758,210
57$852,453$644,291$591,116$775,896
58$903,529$639,987$575,044$794,449
59$958,685$634,342$557,303$813,967
60$1,018,301$627,255$537,803$834,561
61$1,082,795$618,618$516,447$856,355
62$1,152,628$608,318$493,135$879,491
63$1,228,304$596,233$467,763$904,124
64$1,310,379$582,237$440,222$930,430
65$1,399,465$566,194$410,397$958,605
66$1,496,234$547,961$378,168$988,869
67$1,601,425$527,386$343,412$1,021,467
68$1,715,851$504,309$305,997$1,056,673
69$1,840,408$478,561$265,789$1,094,792
70$1,976,081$449,961$222,643$1,136,165
71$2,123,952$418,320$176,413$1,181,172
72$2,285,215$383,438$126,943$1,230,234
73$2,461,183$345,102$74,071$1,283,824
74$2,653,300$303,088$17,628$1,342,464
75$2,863,156$257,159$0$1,406,738
76$3,092,503$207,065$0$1,484,568
77$3,343,269$152,542$0$1,573,083
78$3,617,576$93,310$0$1,670,105
79$3,917,761$29,075$0$1,776,556
80$4,246,398$0$0$1,893,457
81$4,606,319$0$0$2,041,094
82$5,000,647$0$0$2,217,995
83$5,432,817$0$0$2,411,954
84$5,906,614$0$0$2,624,680
85$6,426,208$0$0$2,858,056
86$6,996,190$0$0$3,114,154
87$7,621,617$0$0$3,395,258
88$8,308,060$0$0$3,703,884
89$9,061,655$0$0$4,042,803
90$9,889,161$0$0$4,415,066
91$10,798,023$0$0$4,824,037
92$11,796,445$0$0$5,273,420
93$12,893,463$0$0$5,767,296
94$14,099,030$0$0$6,310,162
95$15,424,113$0$0$6,906,969
96$16,880,795$0$0$7,563,175
97$18,482,387$0$0$8,284,794
98$20,243,553$0$0$9,078,447
99$22,180,450$0$0$9,951,434
100$24,310,881$0$0$10,911,796