Can I retire at age 53 with 616,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $616,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$50,869$50,416$49,974$49,542$49,121$48,832
2 years$25,183$24,714$24,259$23,818$23,391$23,099
3 years$16,622$16,151$15,697$15,261$14,840$14,555
4 years$12,342$11,872$11,424$10,994$10,584$10,308
5 years$9,775$9,308$8,865$8,445$8,046$7,779
6 years$8,064$7,601$7,164$6,753$6,366$6,109
7 years$6,842$6,383$5,954$5,552$5,178$4,930
8 years$5,927$5,471$5,049$4,658$4,295$4,058
9 years$5,215$4,764$4,349$3,967$3,617$3,390
10 years$4,646$4,199$3,791$3,420$3,082$2,864
11 years$4,180$3,738$3,338$2,976$2,651$2,443
12 years$3,793$3,355$2,962$2,611$2,297$2,098
13 years$3,465$3,032$2,647$2,305$2,003$1,814
14 years$3,184$2,756$2,378$2,046$1,756$1,576
15 years$2,942$2,518$2,147$1,825$1,546$1,375
16 years$2,729$2,310$1,947$1,634$1,366$1,203
17 years$2,542$2,127$1,771$1,468$1,212$1,057
18 years$2,376$1,966$1,617$1,323$1,077$931
19 years$2,227$1,822$1,480$1,195$960$821
20 years$2,094$1,693$1,359$1,083$858$726
21 years$1,973$1,577$1,250$983$767$643
22 years$1,863$1,472$1,152$893$688$571
23 years$1,764$1,377$1,063$814$618$507
24 years$1,672$1,290$983$742$555$451
25 years$1,588$1,211$911$678$499$402
26 years$1,511$1,138$845$620$450$358
27 years$1,439$1,071$784$567$406$319
28 years$1,373$1,009$729$520$366$285
29 years$1,311$952$679$477$330$254
30 years$1,254$899$632$437$299$227
31 years$1,200$850$589$402$270$203
32 years$1,150$804$550$369$244$182
33 years$1,103$761$513$339$221$163
34 years$1,059$722$480$312$200$145
35 years$1,017$685$448$288$181$130
36 years$978$650$420$265$164$117
37 years$941$617$393$244$149$104
38 years$907$586$368$225$135$94
39 years$873$558$345$207$122$84
40 years$842$531$323$191$111$75
41 years$812$505$303$176$101$67
42 years$784$481$284$163$91$60
43 years$757$458$267$150$83$54
44 years$732$437$250$139$75$49
45 years$708$417$235$128$68$44
46 years$684$397$221$118$62$39
47 years$662$379$207$109$56$35
48 years$641$362$195$101$51$31
49 years$621$346$183$93$46$28
50 years$601$330$172$86$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $616,000, adding $2,372 every year, while hoping to spend $26,403 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: 22/48/30 Blend
52$616,000$616,000$616,000$616,000
53$681,279$648,631$639,083$689,778
54$722,677$652,321$632,399$701,311
55$767,412$655,307$624,607$711,294
56$815,798$657,527$615,641$721,414
57$868,177$658,914$605,433$731,699
58$924,928$659,398$593,912$742,183
59$986,466$658,903$581,004$752,908
60$1,053,248$657,351$566,629$763,918
61$1,125,775$654,658$550,707$775,268
62$1,204,600$650,732$533,152$787,020
63$1,290,332$645,480$513,875$799,247
64$1,383,638$638,801$492,782$812,031
65$1,485,255$630,589$469,776$825,467
66$1,595,992$620,728$444,755$839,661
67$1,716,740$609,101$417,612$854,737
68$1,848,481$595,580$388,234$870,833
69$1,992,293$580,030$356,507$888,109
70$2,149,364$562,310$322,308$906,742
71$2,321,003$542,267$285,509$926,934
72$2,508,651$519,743$245,979$948,914
73$2,713,892$494,569$203,577$972,937
74$2,938,472$466,566$158,160$999,292
75$3,184,314$435,545$109,576$1,028,303
76$3,453,534$401,307$57,668$1,060,334
77$3,748,464$363,641$2,269$1,095,793
78$4,071,671$322,324$0$1,135,137
79$4,425,983$277,118$0$1,197,074
80$4,814,513$227,777$0$1,265,936
81$5,240,691$174,035$0$1,341,695
82$5,708,294$115,616$0$1,425,127
83$6,221,484$52,226$0$1,517,090
84$6,784,845$0$0$1,618,541
85$7,403,424$0$0$1,739,225
86$8,082,784$0$0$1,902,175
87$8,829,052$0$0$2,081,292
88$9,648,976$0$0$2,278,209
89$10,549,992$0$0$2,494,727
90$11,540,292$0$0$2,732,830
91$12,628,900$0$0$2,994,705
92$13,825,758$0$0$3,282,759
93$15,141,820$0$0$3,599,647
94$16,589,154$0$0$3,948,291
95$18,181,056$0$0$4,331,914
96$19,932,176$0$0$4,754,065
97$21,858,656$0$0$5,218,654
98$23,978,278$0$0$5,729,992
99$26,310,637$0$0$6,292,825
100$28,877,325$0$0$6,912,386