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%15.7%
1 years$50,786$50,334$49,892$49,462$49,041$47,894
2 years$25,142$24,673$24,220$23,780$23,353$22,204
3 years$16,595$16,124$15,672$15,236$14,816$13,701
4 years$12,322$11,853$11,405$10,977$10,567$9,494
5 years$9,759$9,293$8,851$8,431$8,033$7,006
6 years$8,051$7,588$7,153$6,742$6,356$5,375
7 years$6,831$6,373$5,944$5,543$5,169$4,235
8 years$5,917$5,463$5,041$4,650$4,288$3,401
9 years$5,206$4,756$4,342$3,961$3,611$2,769
10 years$4,638$4,192$3,785$3,414$3,077$2,280
11 years$4,173$3,732$3,332$2,971$2,646$1,892
12 years$3,787$3,350$2,957$2,606$2,293$1,582
13 years$3,459$3,027$2,642$2,301$2,000$1,329
14 years$3,179$2,752$2,374$2,043$1,753$1,122
15 years$2,937$2,514$2,144$1,822$1,544$950
16 years$2,725$2,306$1,943$1,631$1,364$808
17 years$2,538$2,124$1,768$1,466$1,210$688
18 years$2,372$1,963$1,614$1,321$1,075$587
19 years$2,224$1,819$1,478$1,193$959$502
20 years$2,090$1,690$1,356$1,081$856$430
21 years$1,970$1,574$1,248$981$766$369
22 years$1,860$1,470$1,150$892$687$317
23 years$1,761$1,375$1,062$812$617$272
24 years$1,669$1,288$982$741$554$234
25 years$1,586$1,209$909$677$499$202
26 years$1,508$1,136$843$619$449$174
27 years$1,437$1,069$783$566$405$150
28 years$1,371$1,007$728$519$365$129
29 years$1,309$950$678$476$330$111
30 years$1,252$897$631$437$298$96
31 years$1,198$848$588$401$270$83
32 years$1,148$803$549$369$244$71
33 years$1,101$760$513$339$221$62
34 years$1,057$721$479$312$200$53
35 years$1,016$683$448$287$181$46
36 years$977$649$419$264$164$40
37 years$940$616$392$244$149$34
38 years$905$585$367$225$135$30
39 years$872$557$344$207$122$26
40 years$841$530$322$191$111$22
41 years$811$504$302$176$101$19
42 years$783$480$284$163$91$16
43 years$756$458$266$150$83$14
44 years$731$436$250$139$75$12
45 years$706$416$235$128$68$11
46 years$683$397$220$118$62$9
47 years$661$379$207$109$56$8
48 years$640$361$194$101$51$7
49 years$620$345$183$93$46$6
50 years$600$330$172$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $615,000, adding $6,700 every year, while hoping to spend $23,834 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: 66/8/26 Blend
52$615,000$615,000$615,000$615,000
53$684,641$652,046$642,514$724,770
54$729,115$658,637$638,679$759,220
55$777,327$664,752$633,916$793,582
56$829,632$670,343$628,171$830,616
57$886,423$675,358$621,382$870,586
58$948,129$679,742$613,490$913,784
59$1,015,226$683,436$604,429$960,532
60$1,088,233$686,379$594,132$1,011,186
61$1,167,725$688,504$582,527$1,066,139
62$1,254,332$689,740$569,541$1,125,824
63$1,348,750$690,013$555,097$1,190,719
64$1,451,742$689,243$539,112$1,261,352
65$1,564,151$687,347$521,503$1,338,305
66$1,686,901$684,234$502,180$1,422,220
67$1,821,013$679,809$481,051$1,513,806
68$1,967,608$673,972$458,019$1,613,845
69$2,127,924$666,616$432,982$1,723,199
70$2,303,319$657,628$405,834$1,842,820
71$2,495,293$646,887$376,465$1,973,758
72$2,705,495$634,266$344,758$2,117,171
73$2,935,741$619,631$310,593$2,274,337
74$3,188,032$602,839$273,844$2,446,665
75$3,464,572$583,738$234,378$2,635,709
76$3,767,787$562,170$192,058$2,843,183
77$4,100,349$537,964$146,740$3,070,980
78$4,465,203$510,942$98,274$3,321,184
79$4,865,589$480,914$46,502$3,596,097
80$5,305,081$447,681$0$3,898,254
81$5,787,612$411,030$0$4,232,881
82$6,317,515$370,737$0$4,614,560
83$6,899,565$326,567$0$5,033,831
84$7,539,021$278,268$0$5,494,496
85$8,241,675$225,578$0$6,000,746
86$9,013,911$168,216$0$6,557,201
87$9,862,760$105,889$0$7,168,948
88$10,795,969$38,284$0$7,841,597
89$11,822,072$0$0$8,581,325
90$12,950,472$0$0$9,398,018
91$14,191,529$0$0$10,299,998
92$15,556,658$0$0$11,292,198
93$17,058,434$0$0$12,383,761
94$18,710,713$0$0$13,584,767
95$20,528,763$0$0$14,906,318
96$22,529,405$0$0$16,360,648
97$24,731,174$0$0$17,961,237
98$27,154,492$0$0$19,722,939
99$29,821,862$0$0$21,662,117
100$32,758,078$0$0$23,796,807