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%12.8%
1 years$50,704$50,252$49,811$49,381$48,961$48,390
2 years$25,101$24,633$24,180$23,741$23,315$22,739
3 years$16,568$16,098$15,646$15,211$14,792$14,231
4 years$12,302$11,834$11,386$10,959$10,550$10,007
5 years$9,743$9,278$8,836$8,417$8,020$7,497
6 years$8,038$7,576$7,141$6,731$6,346$5,844
7 years$6,820$6,362$5,934$5,534$5,161$4,680
8 years$5,907$5,454$5,033$4,643$4,281$3,821
9 years$5,198$4,748$4,335$3,954$3,606$3,166
10 years$4,631$4,186$3,779$3,409$3,072$2,653
11 years$4,167$3,726$3,327$2,967$2,642$2,243
12 years$3,780$3,344$2,953$2,602$2,290$1,910
13 years$3,454$3,022$2,638$2,297$1,997$1,636
14 years$3,174$2,747$2,370$2,039$1,750$1,408
15 years$2,932$2,510$2,140$1,819$1,541$1,217
16 years$2,720$2,303$1,940$1,628$1,362$1,055
17 years$2,534$2,121$1,766$1,463$1,208$918
18 years$2,368$1,959$1,612$1,319$1,074$800
19 years$2,220$1,816$1,475$1,191$957$699
20 years$2,087$1,688$1,354$1,079$855$612
21 years$1,967$1,572$1,246$979$765$536
22 years$1,857$1,467$1,148$890$686$471
23 years$1,758$1,372$1,060$811$616$414
24 years$1,667$1,286$980$740$553$364
25 years$1,583$1,207$908$675$498$321
26 years$1,506$1,134$842$618$448$283
27 years$1,435$1,067$782$565$404$249
28 years$1,368$1,006$727$518$365$220
29 years$1,307$949$676$475$329$194
30 years$1,250$896$630$436$298$172
31 years$1,196$847$587$400$269$152
32 years$1,146$801$548$368$243$134
33 years$1,100$759$512$338$220$119
34 years$1,056$719$478$311$199$105
35 years$1,014$682$447$287$181$93
36 years$975$648$418$264$164$82
37 years$938$615$391$243$148$73
38 years$904$585$367$224$134$64
39 years$871$556$343$207$122$57
40 years$839$529$322$191$111$50
41 years$810$503$302$176$100$45
42 years$782$479$283$162$91$40
43 years$755$457$266$150$83$35
44 years$730$435$249$138$75$31
45 years$705$415$234$128$68$28
46 years$682$396$220$118$62$24
47 years$660$378$207$109$56$22
48 years$639$361$194$101$51$19
49 years$619$345$182$93$46$17
50 years$599$329$172$86$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $614,000, adding $2,023 every year, while hoping to spend $24,288 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: 73/16/11 Blend
52$614,000$614,000$614,000$614,000
53$678,715$646,173$636,656$726,651
54$722,101$651,993$632,141$764,419
55$769,099$657,284$626,662$802,562
56$820,052$661,995$620,159$843,675
57$875,335$666,071$612,572$888,044
58$935,364$669,453$603,838$935,986
59$1,000,594$672,079$593,890$987,850
60$1,071,527$673,883$582,657$1,044,021
61$1,148,714$674,796$570,068$1,104,921
62$1,232,763$674,741$556,046$1,171,019
63$1,324,343$673,641$540,511$1,242,830
64$1,424,187$671,410$523,379$1,320,921
65$1,533,105$667,960$504,563$1,405,919
66$1,651,987$663,196$483,972$1,498,513
67$1,781,815$657,018$461,510$1,599,465
68$1,923,667$649,319$437,078$1,709,614
69$2,078,731$639,985$410,570$1,829,885
70$2,248,316$628,899$381,878$1,961,298
71$2,433,861$615,931$350,887$2,104,977
72$2,636,952$600,950$317,480$2,262,162
73$2,859,336$583,811$281,531$2,434,220
74$3,102,936$564,366$242,909$2,622,658
75$3,369,870$542,454$201,481$2,829,138
76$3,662,469$517,906$157,103$3,055,492
77$3,983,303$490,546$109,628$3,303,739
78$4,335,201$460,184$58,902$3,576,106
79$4,721,278$426,620$4,762$3,875,050
80$5,144,969$389,644$0$4,203,276
81$5,610,052$349,033$0$4,569,990
82$6,120,693$304,552$0$4,973,263
83$6,681,480$255,951$0$5,416,182
84$7,297,466$202,967$0$5,902,770
85$7,974,218$145,324$0$6,437,458
86$8,717,870$82,726$0$7,025,131
87$9,535,179$14,866$0$7,671,173
88$10,433,587$0$0$8,381,516
89$11,421,297$0$0$9,173,015
90$12,507,343$0$0$10,046,224
91$13,701,679$0$0$11,006,534
92$15,015,274$0$0$12,062,766
93$16,460,209$0$0$13,224,642
94$18,049,799$0$0$14,502,870
95$19,798,713$0$0$15,909,251
96$21,723,113$0$0$17,456,786
97$23,840,807$0$0$19,159,801
98$26,171,417$0$0$21,034,079
99$28,736,563$0$0$23,097,013
100$31,560,067$0$0$25,367,766