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%18%
1 years$50,786$50,334$49,892$49,462$49,041$47,452
2 years$25,142$24,673$24,220$23,780$23,353$21,767
3 years$16,595$16,124$15,672$15,236$14,816$13,283
4 years$12,322$11,853$11,405$10,977$10,567$9,098
5 years$9,759$9,293$8,851$8,431$8,033$6,633
6 years$8,051$7,588$7,153$6,742$6,356$5,026
7 years$6,831$6,373$5,944$5,543$5,169$3,908
8 years$5,917$5,463$5,041$4,650$4,288$3,096
9 years$5,206$4,756$4,342$3,961$3,611$2,486
10 years$4,638$4,192$3,785$3,414$3,077$2,017
11 years$4,173$3,732$3,332$2,971$2,646$1,650
12 years$3,787$3,350$2,957$2,606$2,293$1,358
13 years$3,459$3,027$2,642$2,301$2,000$1,124
14 years$3,179$2,752$2,374$2,043$1,753$934
15 years$2,937$2,514$2,144$1,822$1,544$778
16 years$2,725$2,306$1,943$1,631$1,364$651
17 years$2,538$2,124$1,768$1,466$1,210$545
18 years$2,372$1,963$1,614$1,321$1,075$457
19 years$2,224$1,819$1,478$1,193$959$384
20 years$2,090$1,690$1,356$1,081$856$324
21 years$1,970$1,574$1,248$981$766$273
22 years$1,860$1,470$1,150$892$687$230
23 years$1,761$1,375$1,062$812$617$194
24 years$1,669$1,288$982$741$554$164
25 years$1,586$1,209$909$677$499$139
26 years$1,508$1,136$843$619$449$117
27 years$1,437$1,069$783$566$405$99
28 years$1,371$1,007$728$519$365$84
29 years$1,309$950$678$476$330$71
30 years$1,252$897$631$437$298$60
31 years$1,198$848$588$401$270$51
32 years$1,148$803$549$369$244$43
33 years$1,101$760$513$339$221$36
34 years$1,057$721$479$312$200$31
35 years$1,016$683$448$287$181$26
36 years$977$649$419$264$164$22
37 years$940$616$392$244$149$19
38 years$905$585$367$225$135$16
39 years$872$557$344$207$122$13
40 years$841$530$322$191$111$11
41 years$811$504$302$176$101$10
42 years$783$480$284$163$91$8
43 years$756$458$266$150$83$7
44 years$731$436$250$139$75$6
45 years$706$416$235$128$68$5
46 years$683$397$220$118$62$4
47 years$661$379$207$109$56$4
48 years$640$361$194$101$51$3
49 years$620$345$183$93$46$3
50 years$600$330$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $615,000, adding $4,536 every year, while hoping to spend $25,974 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: 51/35/14 Blend
52$615,000$615,000$615,000$615,000
53$682,409$649,814$640,281$714,403
54$724,378$654,019$634,095$741,026
55$769,758$657,559$626,830$766,844
56$818,869$660,375$618,424$794,329
57$872,063$662,402$608,811$823,647
58$929,727$663,573$597,920$854,980
59$992,287$663,817$585,678$888,531
60$1,060,212$663,055$572,010$924,524
61$1,134,017$661,208$556,835$963,207
62$1,214,268$658,189$540,071$1,004,856
63$1,301,589$653,906$521,629$1,049,774
64$1,396,666$648,262$501,418$1,098,297
65$1,500,254$641,155$479,344$1,150,800
66$1,613,183$632,475$455,305$1,207,694
67$1,736,368$622,106$429,198$1,269,435
68$1,870,815$609,927$400,914$1,336,529
69$2,017,632$595,807$370,338$1,409,534
70$2,178,038$579,609$337,351$1,489,068
71$2,353,375$561,187$301,830$1,575,814
72$2,545,122$540,388$263,644$1,670,527
73$2,754,906$517,048$222,658$1,774,042
74$2,984,518$490,996$178,729$1,887,284
75$3,235,932$462,048$131,709$2,011,272
76$3,511,321$430,012$81,445$2,147,134
77$3,813,077$394,683$27,775$2,296,118
78$4,143,835$355,848$0$2,459,601
79$4,506,499$313,276$0$2,643,511
80$4,904,263$266,729$0$2,849,839
81$5,340,650$215,950$0$3,076,316
82$5,819,538$160,673$0$3,325,023
83$6,345,197$100,612$0$3,598,256
84$6,922,333$35,469$0$3,898,549
85$7,556,131$0$0$4,228,699
86$8,252,298$0$0$4,605,302
87$9,017,126$0$0$5,034,122
88$9,857,544$0$0$5,505,393
89$10,781,186$0$0$6,023,403
90$11,796,462$0$0$6,592,880
91$12,912,637$0$0$7,219,028
92$14,139,919$0$0$7,907,584
93$15,489,555$0$0$8,664,867
94$16,973,937$0$0$9,497,841
95$18,606,715$0$0$10,414,177
96$20,402,931$0$0$11,422,327
97$22,379,160$0$0$12,531,604
98$24,553,660$0$0$13,752,270
99$26,946,551$0$0$15,095,630
100$29,580,003$0$0$16,574,143