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%13%
1 years$50,704$50,252$49,811$49,381$48,961$48,349
2 years$25,101$24,633$24,180$23,741$23,315$22,699
3 years$16,568$16,098$15,646$15,211$14,792$14,192
4 years$12,302$11,834$11,386$10,959$10,550$9,969
5 years$9,743$9,278$8,836$8,417$8,020$7,461
6 years$8,038$7,576$7,141$6,731$6,346$5,809
7 years$6,820$6,362$5,934$5,534$5,161$4,647
8 years$5,907$5,454$5,033$4,643$4,281$3,790
9 years$5,198$4,748$4,335$3,954$3,606$3,136
10 years$4,631$4,186$3,779$3,409$3,072$2,625
11 years$4,167$3,726$3,327$2,967$2,642$2,216
12 years$3,780$3,344$2,953$2,602$2,290$1,885
13 years$3,454$3,022$2,638$2,297$1,997$1,612
14 years$3,174$2,747$2,370$2,039$1,750$1,386
15 years$2,932$2,510$2,140$1,819$1,541$1,196
16 years$2,720$2,303$1,940$1,628$1,362$1,036
17 years$2,534$2,121$1,766$1,463$1,208$900
18 years$2,368$1,959$1,612$1,319$1,074$783
19 years$2,220$1,816$1,475$1,191$957$683
20 years$2,087$1,688$1,354$1,079$855$597
21 years$1,967$1,572$1,246$979$765$523
22 years$1,857$1,467$1,148$890$686$458
23 years$1,758$1,372$1,060$811$616$402
24 years$1,667$1,286$980$740$553$353
25 years$1,583$1,207$908$675$498$311
26 years$1,506$1,134$842$618$448$273
27 years$1,435$1,067$782$565$404$241
28 years$1,368$1,006$727$518$365$212
29 years$1,307$949$676$475$329$187
30 years$1,250$896$630$436$298$165
31 years$1,196$847$587$400$269$145
32 years$1,146$801$548$368$243$128
33 years$1,100$759$512$338$220$113
34 years$1,056$719$478$311$199$100
35 years$1,014$682$447$287$181$88
36 years$975$648$418$264$164$78
37 years$938$615$391$243$148$69
38 years$904$585$367$224$134$61
39 years$871$556$343$207$122$54
40 years$839$529$322$191$111$48
41 years$810$503$302$176$100$42
42 years$782$479$283$162$91$37
43 years$755$457$266$150$83$33
44 years$730$435$249$138$75$29
45 years$705$415$234$128$68$26
46 years$682$396$220$118$62$23
47 years$660$378$207$109$56$20
48 years$639$361$194$101$51$18
49 years$619$345$182$93$46$16
50 years$599$329$172$86$42$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $614,000, adding $3,410 every year, while hoping to spend $43,632 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: 65/16/19 Blend
52$614,000$614,000$614,000$614,000
53$680,145$647,603$638,086$720,897
54$703,096$632,912$613,038$733,972
55$726,925$616,038$585,689$742,956
56$751,677$596,829$555,914$751,737
57$777,397$575,123$523,586$760,294
58$804,136$550,748$488,571$768,609
59$831,947$523,523$450,727$776,663
60$860,886$493,257$409,907$784,434
61$891,016$459,746$365,959$791,904
62$922,402$422,777$318,721$799,051
63$955,116$382,121$268,027$805,857
64$989,233$337,540$213,701$812,300
65$1,024,836$288,781$155,561$818,363
66$1,062,014$235,576$93,416$824,026
67$1,100,862$177,641$27,069$829,271
68$1,141,484$114,680$0$834,083
69$1,183,991$46,376$0$847,312
70$1,228,507$0$0$866,512
71$1,275,160$0$0$891,083
72$1,324,095$0$0$925,432
73$1,375,466$0$0$961,504
74$1,429,440$0$0$999,418
75$1,486,200$0$0$1,039,304
76$1,545,945$0$0$1,081,303
77$1,608,891$0$0$1,125,571
78$1,675,273$0$0$1,172,274
79$1,745,348$0$0$1,221,595
80$1,819,395$0$0$1,273,734
81$1,897,719$0$0$1,328,908
82$1,980,654$0$0$1,387,356
83$2,068,563$0$0$1,449,337
84$2,161,845$0$0$1,515,135
85$2,260,933$0$0$1,585,060
86$2,366,304$0$0$1,659,452
87$2,478,477$0$0$1,738,682
88$2,598,023$0$0$1,823,158
89$2,725,564$0$0$1,913,325
90$2,861,785$0$0$2,009,671
91$3,007,433$0$0$2,112,733
92$3,163,332$0$0$2,223,095
93$3,330,379$0$0$2,341,403
94$3,509,564$0$0$2,468,363
95$3,701,969$0$0$2,604,748
96$3,908,784$0$0$2,751,410
97$4,131,315$0$0$2,909,283
98$4,370,995$0$0$3,079,391
99$4,629,397$0$0$3,262,861
100$4,908,253$0$0$3,460,930