Can I retire at age 53 with 617,000?

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 $617,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$50,951$50,497$50,055$49,622$49,200$47,417
2 years$25,223$24,754$24,298$23,857$23,429$21,652
3 years$16,649$16,177$15,723$15,285$14,864$13,149
4 years$12,362$11,892$11,442$11,012$10,601$8,961
5 years$9,791$9,323$8,880$8,458$8,059$6,499
6 years$8,077$7,613$7,176$6,764$6,377$4,897
7 years$6,854$6,393$5,963$5,561$5,186$3,786
8 years$5,936$5,480$5,057$4,665$4,302$2,982
9 years$5,223$4,772$4,356$3,974$3,623$2,380
10 years$4,653$4,206$3,798$3,425$3,087$1,919
11 years$4,187$3,744$3,343$2,981$2,655$1,560
12 years$3,799$3,361$2,967$2,615$2,301$1,275
13 years$3,471$3,037$2,651$2,309$2,006$1,048
14 years$3,190$2,761$2,382$2,049$1,759$865
15 years$2,946$2,522$2,150$1,828$1,549$716
16 years$2,734$2,314$1,950$1,636$1,369$594
17 years$2,546$2,131$1,774$1,470$1,213$494
18 years$2,380$1,969$1,620$1,325$1,079$411
19 years$2,231$1,825$1,483$1,197$962$343
20 years$2,097$1,696$1,361$1,084$859$287
21 years$1,976$1,580$1,252$984$769$240
22 years$1,866$1,474$1,154$895$689$201
23 years$1,766$1,379$1,065$815$619$168
24 years$1,675$1,292$985$743$556$141
25 years$1,591$1,213$912$679$500$118
26 years$1,513$1,140$846$621$451$99
27 years$1,442$1,072$786$568$406$83
28 years$1,375$1,011$730$520$367$70
29 years$1,313$953$680$477$331$58
30 years$1,256$900$633$438$299$49
31 years$1,202$851$590$402$270$41
32 years$1,152$805$551$370$245$35
33 years$1,105$763$514$340$221$29
34 years$1,061$723$480$313$200$24
35 years$1,019$686$449$288$182$20
36 years$980$651$420$265$164$17
37 years$943$618$393$244$149$14
38 years$908$587$368$225$135$12
39 years$875$559$345$208$123$10
40 years$844$531$323$192$111$9
41 years$814$506$303$177$101$7
42 years$786$482$284$163$92$6
43 years$759$459$267$151$83$5
44 years$733$438$251$139$75$4
45 years$709$417$235$128$68$4
46 years$685$398$221$119$62$3
47 years$663$380$208$110$56$3
48 years$642$363$195$101$51$2
49 years$622$346$183$94$47$2
50 years$602$331$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 $617,000, adding $6,705 every year, while hoping to spend $26,250 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: 49/32/19 Blend
52$617,000$617,000$617,000$617,000
53$686,850$654,149$644,586$716,546
54$728,979$658,273$638,250$741,945
55$774,525$661,719$630,821$766,300
56$823,810$664,426$622,237$792,201
57$877,185$666,329$612,428$819,803
58$935,040$667,361$601,326$849,279
59$997,799$667,447$588,856$880,820
60$1,065,932$666,509$574,940$914,637
61$1,139,955$664,467$559,499$950,967
62$1,220,436$661,230$542,447$990,069
63$1,307,998$656,708$523,697$1,032,232
64$1,403,328$650,801$503,155$1,077,775
65$1,507,182$643,405$480,726$1,127,054
66$1,620,392$634,410$456,307$1,180,459
67$1,743,873$623,696$429,794$1,238,426
68$1,878,632$611,142$401,077$1,301,435
69$2,025,779$596,614$370,039$1,370,017
70$2,186,533$579,973$336,560$1,444,762
71$2,362,240$561,072$300,515$1,526,321
72$2,554,378$539,753$261,771$1,615,416
73$2,764,576$515,853$220,193$1,712,842
74$2,994,629$489,196$175,635$1,819,482
75$3,246,511$459,597$127,949$1,936,311
76$3,522,397$426,859$76,978$2,064,408
77$3,824,684$390,777$22,558$2,204,964
78$4,156,008$351,132$0$2,359,297
79$4,519,276$307,692$0$2,536,064
80$4,917,686$260,213$0$2,735,022
81$5,354,763$208,437$0$2,953,410
82$5,834,390$152,092$0$3,193,232
83$6,360,843$90,889$0$3,456,701
84$6,938,830$24,524$0$3,746,256
85$7,573,542$0$0$4,064,593
86$8,270,694$0$0$4,431,347
87$9,036,581$0$0$4,843,819
88$9,878,140$0$0$5,297,118
89$10,803,013$0$0$5,795,369
90$11,819,618$0$0$6,343,117
91$12,937,230$0$0$6,945,369
92$14,166,067$0$0$7,607,641
93$15,517,386$0$0$8,336,011
94$17,003,591$0$0$9,137,175
95$18,638,346$0$0$10,018,511
96$20,436,709$0$0$10,988,148
97$22,415,268$0$0$12,055,041
98$24,592,302$0$0$13,229,060
99$26,987,949$0$0$14,521,078
100$29,624,401$0$0$15,943,075