Can I retire at age 53 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$50,786$50,334$49,892$49,462$49,041$47,077
2 years$25,142$24,673$24,220$23,780$23,353$21,398
3 years$16,595$16,124$15,672$15,236$14,816$12,933
4 years$12,322$11,853$11,405$10,977$10,567$8,770
5 years$9,759$9,293$8,851$8,431$8,033$6,326
6 years$8,051$7,588$7,153$6,742$6,356$4,741
7 years$6,831$6,373$5,944$5,543$5,169$3,645
8 years$5,917$5,463$5,041$4,650$4,288$2,853
9 years$5,206$4,756$4,342$3,961$3,611$2,263
10 years$4,638$4,192$3,785$3,414$3,077$1,814
11 years$4,173$3,732$3,332$2,971$2,646$1,464
12 years$3,787$3,350$2,957$2,606$2,293$1,189
13 years$3,459$3,027$2,642$2,301$2,000$971
14 years$3,179$2,752$2,374$2,043$1,753$795
15 years$2,937$2,514$2,144$1,822$1,544$654
16 years$2,725$2,306$1,943$1,631$1,364$538
17 years$2,538$2,124$1,768$1,466$1,210$444
18 years$2,372$1,963$1,614$1,321$1,075$367
19 years$2,224$1,819$1,478$1,193$959$304
20 years$2,090$1,690$1,356$1,081$856$252
21 years$1,970$1,574$1,248$981$766$209
22 years$1,860$1,470$1,150$892$687$174
23 years$1,761$1,375$1,062$812$617$144
24 years$1,669$1,288$982$741$554$120
25 years$1,586$1,209$909$677$499$100
26 years$1,508$1,136$843$619$449$83
27 years$1,437$1,069$783$566$405$69
28 years$1,371$1,007$728$519$365$57
29 years$1,309$950$678$476$330$48
30 years$1,252$897$631$437$298$40
31 years$1,198$848$588$401$270$33
32 years$1,148$803$549$369$244$28
33 years$1,101$760$513$339$221$23
34 years$1,057$721$479$312$200$19
35 years$1,016$683$448$287$181$16
36 years$977$649$419$264$164$13
37 years$940$616$392$244$149$11
38 years$905$585$367$225$135$9
39 years$872$557$344$207$122$8
40 years$841$530$322$191$111$6
41 years$811$504$302$176$101$5
42 years$783$480$284$163$91$4
43 years$756$458$266$150$83$4
44 years$731$436$250$139$75$3
45 years$706$416$235$128$68$3
46 years$683$397$220$118$62$2
47 years$661$379$207$109$56$2
48 years$640$361$194$101$51$1
49 years$620$345$183$93$46$1
50 years$600$330$172$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $615,000, adding $2,825 every year, while hoping to spend $35,629 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: 52/26/22 Blend
52$615,000$615,000$615,000$615,000
53$680,644$648,049$638,516$711,751
54$712,161$641,894$621,998$727,364
55$745,698$634,244$603,732$740,429
56$781,424$624,987$583,622$753,895
57$819,524$614,006$561,568$767,811
58$860,200$601,177$537,464$782,236
59$903,672$586,366$511,201$797,236
60$950,184$569,436$482,664$812,885
61$1,000,003$550,238$451,733$829,269
62$1,053,419$528,615$418,282$846,484
63$1,110,753$504,403$382,180$864,638
64$1,172,356$477,425$343,289$883,855
65$1,238,615$447,497$301,468$904,271
66$1,309,952$414,423$256,566$926,043
67$1,386,833$377,996$208,427$949,346
68$1,469,770$337,997$156,888$974,374
69$1,559,322$294,194$101,780$1,001,350
70$1,656,107$246,344$42,923$1,030,517
71$1,760,802$194,188$0$1,062,154
72$1,874,154$137,453$0$1,101,237
73$1,996,980$75,851$0$1,154,498
74$2,130,182$9,077$0$1,212,284
75$2,274,751$0$0$1,275,076
76$2,431,774$0$0$1,361,482
77$2,602,452$0$0$1,458,278
78$2,788,102$0$0$1,563,623
79$2,990,175$0$0$1,678,345
80$3,210,266$0$0$1,803,359
81$3,450,132$0$0$1,939,670
82$3,711,705$0$0$2,088,384
83$3,997,113$0$0$2,250,719
84$4,308,698$0$0$2,428,016
85$4,649,036$0$0$2,621,751
86$5,020,965$0$0$2,833,548
87$5,427,610$0$0$3,065,196
88$5,872,409$0$0$3,318,665
89$6,359,150$0$0$3,596,124
90$6,892,004$0$0$3,899,960
91$7,475,561$0$0$4,232,805
92$8,114,879$0$0$4,597,553
93$8,815,526$0$0$4,997,396
94$9,583,638$0$0$5,435,845
95$10,425,967$0$0$5,916,771
96$11,349,956$0$0$6,444,435
97$12,363,799$0$0$7,023,532
98$13,476,522$0$0$7,659,232
99$14,698,068$0$0$8,357,231
100$16,039,391$0$0$9,123,804